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Market Summary

The global Micro-Perforated film market was valued at USD 1.26 Billion in 2018 and is expected to reach USD 1.75 Billion by the year 2026, at a CAGR of 4.1%. Micro-Perforated Films are films with micro-perforation used for packaging of food, grocery, and other commercial products. The pin-sized holes, also called micro-perforation to allow the product to breathe thus improving their shelf-life and other functionalities. The oxygen transfer rate can be modified using these films according to the packed product. An increase in the economic development and rise in the disposable income of the population has driven the growth of fast food, online delivery, and packaged foods leading to rising usage of these films. Also, the changing lifestyle of the population, changing preferences of food products, and the high rate of urbanization fuelled the growth of the retail sector, which in turn is expected to grow the market size of micro-perforated films. The emerging economies like India and China in the Asia Pacific region are expected to increase their consumption of micro-perforated films in the packaging industry due to a substantial increase in the super-markets, retail stores, and hypermarkets.

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The global market is propelled by factors like growth in the retail sector, increase in food delivery services, growth in supermarkets, hypermarkets, and local-stores, low shelf-life of films, and increase in adoption of micro-perforated films in the packaging applications of the food industry. In addition to this, using these films in wraps/rolls packaging enables the producers, manufacturers, retailers, and co-packers can quickly increase the shelf-life of products like fruits, vegetables, bakery, confectionery, ready-to-eat, and frozen food, thus creating enormous opportunities for them to amplify their market share in the global market. However, the use of plastics can damage the environment because of which the government has imposed strict regulations and norms on the production and usage of plastics for food products and beverages, which acts as a significant constraint on the growth of the market.

By Material Insight:

Polyethylene as a material of micro-perforated food packaging is the most widely used material type in the market. The segment accounted for 36.8% of the market in 2026. Polyethylene as a material can be attributed to its wide range of application, it's lightweight, elastic, and non-toxic properties.

By Application Insight:

Fresh fruits and vegetables are the largest segments in the application, which has the highest market share as well as the CAGR. This segment uses film and laminates as packaging materials.

Competitive Landscape:

Market participants compete based on products and services offered by knowing the fact of the presence of similar product offerings in the market. From small to medium-sized companies have gone for competitive pricing as one of their key strategies. On the other hand, larger companies have positioned themselves and have entered into long-term supply agreements with leading food makers in the industry.

Salient Trends of the Micro-Perforated Films Market

The growing confectionery market in developed countries like the US is expected to be one of the significant trends in the global market of Micro-perforated films.

Micro-perforated films allow the exchange of air between the external environment and the packaged product, thus allowing the product to absorb necessary gas like oxygen to maintain the product quality.

It also avoids the accumulation of harmful gases inside the food package by allowing the gas to pass through the perforated film, which in turn helps to keep the food fresh for a long time.

Additionally, the perforated films prevent moisture loss from the food products, thus preventing them from drying and improving the shelf-life of the product.

Micro-perforated films are majorly obtained from Polyethylene (PE) and Polypropylene (PP). These materials exhibit the property of substantial barriers from external dust and germs and create a beneficial atmospheric condition for the packed product.

In terms of region, the Micro-perforated film market in the Asia Pacific is majorly driven by China. China was one of the major producers and consumers of these films in the year 2017 and is expected to dominate the market during the forecast period.

There has been substantial growth in the consumption of poultry and meat in developed countries like North America and western Europe, which in turn will anticipate an increase in the applications of micro-perforated films in the packaging of meat and poultry products.

In the temperature-controlled supply chains associated with packaging, storage, and distribution of perishable food items are expected to grow globally and reach a valuation of USD 250 billion by the end of 2019. Therefore, the growth in the food market is likely to lead to an increase in micro-perforated films during the forecast period.

Strict regulations on the usage of plastic for packaging applications of food and beverages are expected to act as constraints to the micro-perforated films market during the forecast period.

Companies considered and profiled in this market study

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)

Market-O-Nomics

As of 2018, Polyethylene (PE) the leading product segment of the global Micro-Perforated film However, Polypropylene (PP) segment is expected to register the highest CAGR among the Micro-perforated films market.

The polyethylene segment was valued at 455.9 million in 2018 and is expected to grow at a rate of 4.4%. Polyethylene is a strong barrier and protects the packed food product from dust and external impurities, which has led to its increase in food and beverages application.

North America is the largest shareholder of micro-perforated films and holds around 27.2% of the global market share in the year 2018 of the micro-perforated films market. However, the Asia Pacific is the fastest-growing region for the consumption of perforated films.

Emerging countries like China and India majorly drive the Asia Pacific region's growth for micro-perforated films. China and India are anticipated to have a significant increase in the usage of these films used for the packaging of food products, groceries, bakery, and confectionaries.

The Fruits and Vegetable segment is expected to be the fastest-growing segment during the forecast period, accounting for approximately 4.6% of the global micro-perforated film market.

Fruits and Vegetables are perishable food items and will start rotting if not used before time. Perforated films can be used to improve the life of such perishable items, which has increased their use in the packaging of food products.

The bakery and Confectionary segment is expected to be the second largest segment and is expected to reach USD 438.27 million at the end of the forecast period, i.e., 2026.

Key Coverage of the Report

Region and country-wise assessment from the period 2016-2026. For the study, 2016-2017 has been utilized as historical data, 2018 as the base year, and 2019-2026, has been derived as forecasts

Regional Competitors clinical pipeline analysis

Demand and Supply GAP Analysis

Market share analysis of the key industry players

Strategic recommendations for the new entrants

Market forecasts for a minimum of 6 years of all the mentioned segments, and the regional markets

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and recommendations)

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments

Segments Covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For this study, Reports and Data have segmented the Micro-Perforated films market based on Material Type, Application type, and region:

Material Type (Revenue USD Million; Volume in Kilo Tons 2016–2026)

Polyethylene (PP)

Polypropylene (PP)

Polyethylene terephthalate (PET)

Others

Applications Type (Revenue USD Million; Volume in Kilo Tons 2016–2026)

Fresh Fruits & Vegetables

Bakery & Confectionary

Ready-To-Eat Food

Others

Regional Outlook (Revenue in USD Million; Volume in Kilo Tons 2016–2026)

North America U.S Canada

Europe Germany France UK Spain Italy Rest of Europe

Asia Pacific China India Japan Rest of Asia-Pacific

Middle East & Africa

Latin America Brazil



Key Question Answered

Key Questions Answered in Micro-Perforated Film Market Report

How has the micro-perforated film market evolved over the past three years?

What size is the micro-perforated film market expected to take in terms of volume (Kilo Tons) and value (USD) during the study period?

What are some of the competition developments in the micro-perforated films market?

What are the market dynamics in the micro-perforated films market?

What are the underlying industry factors impacting the growth of the micro-perforated film market?

What are the market positioning and strategies of key manufacturers concerning micro-perforated films market taxonomy?

What are the key challenges, improvement factors, and opportunities for micro-perforated film market players?

How is the competition structured in the micro-perforated films market at present, and how has it evolved over the past few years?