According to the current analysis of Reports and Data, the global Micro-Perforated Film Market was valued at USD 1.27 Billion in 2018 and is expected to reach USD 1.75 Billion by the year 2026, at a CAGR of 4.1%. 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.
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The comprehensive analysis of the Micro-Perforated Films market assists businesses in gaining a competitive advantage and helps them reach their business goals and objectives. The global Micro-Perforated Films market research report is formulated with the descriptive profiles of the leading companies of the market along with their pricing analysis, gross revenue, financial standing, sales network and distribution channel, profit margins, and market position. This offers the readers a complete understanding of the competitive landscape of the Micro-Perforated Films industry.
The Micro-Perforated Films research report draws focus on the strengths and weaknesses of the key players of the market through a comprehensive SWOT analysis and Porter’s Five Forces analysis to project the growth rate.
Top Companies Profiled in this Report are:
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)
For this report, Reports and Data have segmented the Micro-Perforated Films Market based on material type, application type, and region:
Material Type (Revenue in USD Million; Volume in Kilo Tons 2016–2026)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
Applications Type (Revenue in USD Million; Volume in Kilo Tons 2016–2026)
- Fresh Fruits and Vegetables
- Bakery & Confectionary
- Ready-to-eat Foods
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Micro-Perforated Films market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Further key findings from the report suggest
- Micro-Perforated films market is growing at a CAGR of 2% in the Asia Pacific, followed by North America and Europe, with 3.4 % and 3.6% CAGR, respectively. The high CAGR of Asia Pacific is majorly driven by China, which was the primary producer and consumer of micro-perforated films in 2017.
- As of 2018, Polyethylene is the dominating Micro-Perforated film, which holds 36 % of the global market. Asia Pacific regional market is the chief revenue-generating source for this product segment.
- Micro-perforated film materials like polymers did not allow the selective exchange of gas, while modified perforated films produced from high barrier packaging can be edited considering the respiratory activity of the produce.
- Manufacturers of micro-perforated films are adopting new strategies and technologies to increase their market share. For example, Helion, a key player in the Micro-perforated films market, developed a micro-perforated technology to produce a wide range of pin-hole diameters and grid patterns. Additionally, it is also the first company in China to give customized pin-hole rotary tooling.
- Tooling equipment used for the piercing of the micro-perforated films are difficult to manufacture due to there is a lack of competitive manufacturers in the market.
- Asia Pacific is expected to grow with the highest CAGR of 5.2% in the global Micro-Perforated film market. Developing nations such as China and India are likely to witness high growth owing to an increase in packaging applications in the food industry.
- Associated side effects related to Micro-Perforated films and strict regulations on the usage of plastics pertaining to the environmental damage caused by waste plastics are anticipated to hinder the micro-perforated market growth.
Key Objectives of the Micro-Perforated Films Market Report:
- Analysis and forecast of the Global Micro-Perforated Films Market by segmentation of the market
- Analysis of various macro and micro-economic factors influencing the growth of the Micro-Perforated Films market
- Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
- Insights into drivers, restraints, opportunities, limitations, threats, and challenges
- Analysis of the key players operating in the industry
- Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans
In conclusion, the report offers an extensive panoramic view of the Micro-Perforated Films industry, backed by key statistical data and figures garnered from authentic sources and thorough primary and secondary research. The report offers a thorough examination of the size, shape, and volume of the market to offer an accurate forecast estimation of the Micro-Perforated Films industry till 2027. The report also strives to offer strategic recommendations to the new players entering the Micro-Perforated Films industry and guide them for overcoming entry-level barriers. It also offers recommendations to the established companies to fortify their presence in the Micro-Perforated Films market and capitalize on the emerging opportunities in the industry.
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