Die Cut Lids Market Projected to Witness a Double-Digit CAGR During 2027
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Die cut lids market – Dynamics
Over the past few decades, the food and beverage industry have shown a continuous growth across the globe translating into increasing demand for allied products like die cut lids throughout the forecast period. Die cut lids besides providing primary protection to the food is also consumer friendly when it comes to opening of the packaged food. The die cut lids are designed in a way that they are easily pulled off adding to the user friendly nature of the product aiding to its globally increasing demand. One of the several factors that is expected to drive the die cut lid market includes its applicability on various packages made of polypropylene, polyethylene terephthalate, glass, ceramic, etc. This characteristic feature has encouraged the food and beverage industry to make use of the die cut lid in their packaging solution resulting in increasing demand of the die cut lids thereby creating more opportunities for the die cut market over the forecast period.
Die cut lids market – Segmentation
The Die cut lids market is segmented as follows:
On the basis of material type, Die cut lids market is segmented into:
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On the basis of product type, Die cut lids market is segmented into:
On the basis of application, Die cut lids market is segmented into:
Cheese & Sour cream
Margarine & Butter
Sauces & Dips
Die cut lids market – Region wise outlook
The global die cut lids marketis segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Asia Pacific with the two emerging economies, India and China is anticipated to dominate the die cut lids market. Over the past few decades, India and China have shown a concentrated growth in food and beverage industry translating into increasing demand for the die cut lids in these regions throughout the forecast period. North America is expected to follow Asia Pacific in terms of demand for the die cut lids between 2017 and 2027 owing to its established economy. Latin America is expected to witness relatively slower growth in die cut lids market between 2017 and 2027 owing to its g stagnant economy. However, European countries and Middle East and Africa are anticipated to witness a sluggish growth in the market of die cut lids throughout the forecast period due to the prevailing relatively stagnant economy in these regions.
Die cut lids market – Key Players
The key players in the die cut lids market include Quantum Packaging Limited, Winpak, Ltd., Constantia Flexibles Group GmbH, Amcor Limited, Watershed packaging Ltd, Swan Packaging, Inc., Bemis Company, Inc., Clondalkin Group Holdings B.V.
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