Die cut lids are the type of packaging that is mainly used to protect food products from the surrounding atmospheric conditions such as temperature and humidity. Die cut lids also provide convenience to the consumers during opening the packaging. Manufacturers are focusing on developing attractive packaging variants to enhance the aesthetic appeal of die cut lids.
Market Dynamics
The global die cut lids market has witnessed a surge of growth in terms of revenue in recent past years, owing to shifting consumer preferences for attractive packaging for food & beverages products. Die cut lids can be made from various materials such as plastic, paper, aluminum, and others. The surge in growth of the food & beverages industry in emerging economies is expected to provide lucrative growth to the global die cut lids market in the forthcoming years.
The global die cut lids market is bifurcated into material type, form type, sealing type, print type, end user industry, application, and region. On the basis of applications, the global die cut lids market is segmented into cups, bottles, trays, jars, and others. Among regions, Asia pacific is expected to grow substantially during the forecast period, owing to the rise in growth of population in the region.
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