According to the current analysis of Reports and Data, the Global Micro-Perforated Film Market was valued at USD 1,385.5 Million in 2020 and is expected to reach USD 1,883.5 Million by the year 2028, at a CAGR of 3.9%. In packaging, along with protective functionality, the packaging material is expected to let the product breathe, which is not facilitated by most of the packaging material. However, micro-perforated films provide a solution to this issue. In Micro-perforated technology, the film is pierced with grids of pin-sized holes, thus adding a longer shelf-life and other functionalities to a wide range of products from commercial to daily household products. Micro-perforated films reduce the spoilage of food products and enable them to stay fresh for a more extended period. Thus the growing need to increase the life of products and usage of micro-perforated films across a wide range of applications is expected to drive the growth of the Micro-perforated films market. The growing demand for convenience, fresh, and healthy food products is expected to generate significant opportunities for emerging market players. For perishable food, there lies the risk of contamination that is more susceptible to grow fungus and bacteria on the presence of moisture in the food package.
With up to 40% of all fresh food produced is discarded, food wastage in the western world is high. It is a significant cost factor for the companies in the value chain. The consumer here who use to spend their money are now effectively reducing their purchasing power, and thereby, it raises concern for the government on how to feed the world population. To overcome this situation, a new system of micro-perforation packaging has been developed to prevent the food wastage, which has impressive results, has longer shelf-life, and maintains optimal product quality. The industry has witnessed soaring demand for micro-perforated packaging material for the packaging of fruits and vegetables in the form of film and laminates.
Significant components that are triggering the growth of micro-perforated films include the growing need for reduction of food spoilage, improving the shelf-life of the food products, increasing need to keep the food fresh, and the adoption of new packaging materials and patterns by different countries across the globe. The manufacturers are adopting new technologies and strategies to maintain their position in the market. For example, Helion, one of the companies producing perforated packaging films, was the first company in China to offer customization in the materials, grid patterns, and diameter of the pin-holes in their perforated films. However, associated side effects and environmental concerns pertaining to the usage of plastics in packaging applications of grocery, food products, and beverages are the major hindrances for market growth during 2019-2028.
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Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Micro-Perforated Films market will reach USD XX billion in 2028, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Mondi(Austria),
- Amcor Limited (Australia),
- Sealed Air Corporation (U.S),
- Bollore Group (France),
- Uflex Ltd (India),
- TCL Packaging (UK),
- Coveris Holdings S.A. (US),
- Amerplast (Finland),
- Aera (France),
- Now Plastics (US)
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The Global Micro-Perforated Films Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
Material Type (Revenue USD Million; Volume in Kilo Tons 2020–2028)
- Polyethylene (PP)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Others
Applications Type (Revenue USD Million; Volume in Kilo Tons 2020–2028)
- Fresh Fruits Vegetables
- Bakery Confectionary
- Ready-To-Eat Food
- Others
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Micro-Perforated Films market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Micro-Perforated Films industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Micro-Perforated Films Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2028
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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