Micro-Perforated Films Market Report | 2023-2028

Market Insights

The Global Micro-Perforated Films Market is expected to reach US$ 1.75 billion by 2028 from US$ 1.29 billion in 2022 at a CAGR of 5.21% during the forecast period of 2023-2028.

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What are Micro-Perforated Films?

Micro-Perforated Films are covering films that are used to cover up packages in such a way that no air is accumulated in it. This type of packaging is done in order to keep in the ingredients inside the package fresh.

Micro-Perforated Films are made up of different materials such as PE, PP, PET, and others. Fresh fruits, vegetables, bakery, ready-to-eat food items, and similar others are the application areas where micro-perforated films are used.

Key Players

Some of the global micro-perforated film manufacturers are-

• Tcl Packaging
• Coveris Holdings
• Korozo Ambalaj San.Ve Tic A.S.
• Helion Industries
• Darnel Inc.
• A-Roo Company LLC
• Lasersharp Flexpak Services
• NG Plastics Limited
• SPecialty Polyfilms Pvt. Ltd

Market Drivers

The micro-perforated films market is driven by several factors, including:

• Increasing demand for fresh and convenient food products: Consumers are increasingly demanding fresh and convenient food products that have a long shelf life. Micro-perforated films can help to extend the shelf life of food products by allowing for better gas exchange and moisture control.
• Growing packaged food sector in Asia-Pacific: The packaged food sector is growing rapidly in Asia-Pacific, driven by factors such as rising disposable incomes, urbanization, and busy lifestyles. This is increasing the demand for micro-perforated films, which are widely used in food packaging.
• Rising environmental concerns: Consumers are becoming more environmentally conscious and are demanding sustainable packaging solutions. Micro-perforated films are a more sustainable packaging option than traditional plastic films, as they are recyclable and can be made from recycled materials.
• Technological advancements: Technological advancements are leading to the development of new and innovative micro-perforated films with improved properties, such as better barrier properties and enhanced printability. This is making micro-perforated films more attractive to a wider range of applications.

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Segments Analysis

By Material Type

Based on the material type, the market is segmented as PE, PP, PET, and others. 

The PE segment dominated the market in 2022. It is also estimated to have the highest growth in the coming five years, owing to its exceptional properties, such as economical price and easy recyclability.

By Application Type

Based on the application type, the market is segmented as fresh fruits & vegetables, bakery & confectionary, ready-to-eat-food, and others. 

The fresh fruits & vegetables segment led the market in 2022 and is also expected to have the fastest growth during the forecast period. The growth is due to the changing lifestyles and convenience for packaged and ready-to eat food.

By Region

North America is expected to be the largest market for micro-perforated films in the coming five years. The market is driven by the growing use of packaged food and the presence of micro-perforated film manufacturers in the region. Europe and Asia-Pacific are also likely to offer substantial growth opportunities during the forecast period.

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Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global market is segmented into the following categories. 

By Material Type

• PE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PET (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Application Type

• Fresh Fruits & Vegetables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bakery & Confectionary (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ready-To-Eat-Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.