Die-Cut Lids Market is Expected to be valued at US$ 852.2 Mn by 2025
Updated on Oct 11, 2023
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Analysts of a research report by Transparency Market Research (TMR) estimate the global die-cut lids market to attract growth at a CAGR of 6.2% during the forecast period, 2022-2025. Moreover, the global market for die-cut lids is expected to be valued at US$ 852.2 Mn by 2025.
Die-cut lids are gaining immense popularity across varied end-use industries owing to their many features including attractive printing abilities. In order to carry out printing process on die-cut lids, flow and gravure techniques are used as they deliver advanced aesthetics and high level of finishing to lids. Companies from different industry verticals are utilizing the space present on die-cut lids in order to print barcodes, QR codes, and promotion codes. Hence, these lids are being increasingly seen as an opportunity for brand promotion of end-products. Therefore, rising use of technologically advanced tools in the packaging industry is generating profitable opportunities in the die-cut lids market, specifically for die-cut lids manufacturers and suppliers in the USA.
Enterprises operating in the global die-cut lids market are expanding their businesses in newer regions. For this motive, die-cut lids producers are using different strategies such as mergers, collaborations, and acquisitions. Furthermore, several players are focusing on gaining advantage of expanding food retail industry and rising adoption of ready-to-eat food in several developing nations from Asia pacific region including India and China, states a study by TMR.
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Die-cut Lids Market: Key Findings
Increasing popularity of die-cut lidding for flexible packaging is resulting into profitable prospects in the global die-cut lids market. Die-cut lids manufacturers are focusing on improving the quality of their products. For instance, several players are focusing on the production of die-cut lids that are thinner and with improved capability to provide protection to products. Moreover, they are creating die-cut lids that are cost-effective. Such efforts are estimated to favor the growth of the die-cut lids market during the forecast period.
Due to extremely perishable nature of dairy products, they are required to be consumed immediately. At the same time, the manufacturers of these products need to follow strict food safety measures. Several features of die cut lids such as their ability to offer 100% barrier against light, moisture, & oxygen transmission, these lids are in high demand in the dairy industry. Moreover, these products are gaining popularity among diary product manufacturers due to their ability to maintain freshness and aroma of a product. Hence, die-cut lids are increasingly utilized in the dairy industry. Thus, companies operating in the die-cut lids market are estimated to gather lucrative prospects from the dairy industry during the forecast period.
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Die-cut Lids Market: Growth Boosters
Surge in the demand for dairy products from many developed and developing nations worldwide is driving the sales growth in the global die-cut lids market
Rising adoption of sustainable packaging solutions across a wide range of end-use industries is estimated to fuel the sales expansion in the market during the forecast period
Increasing use of die-cut lids for medical packaging is creating prominent business opportunities in the market