In 2017, the global micro-perforated food packaging market was valued at USD 1.26 Billion. The global micro-perforated food packaging market was valued at USD 1.26 billion in 2017. This is due to rapid growth of retail chains and rising awareness regarding healthy food intake.
For perishable foods, micro-perforated packaging is used. It helps to preserve the product's shelf life and retain moisture. This packaging is used in many applications including fruits, vegetables, bakery, confectionery, ready to eat meals, meat, and seafood packaging. Market leaders have taken advantage of their position to invest in long-term supply arrangements with key food producers.
There are many regulatory bodies worldwide that regulate the food packaging industry. Micro-perforated materials are considered active packaging. This framework outlines regulations for active and intelligent materials that are in direct contact with food. The U.S. Food and Drug Administration and Japan Hygienic Olefin and Styrene Plastics Association are two examples of government agencies. These regulations also require product labelling to allow consumers to identify non-edible components.
Asia Pacific is expected to be the most promising market during the forecast period. The thriving retail sector in countries like China, India and Vietnam, Thailand, as well as Malaysia, is one of the key drivers for the region's market.
Micro-perforated polyethylene (PE), food packaging, is the most popular material type on the market. This segment represented 56.2% market share in 2017. The material's versatility and non-toxic properties, as well as its light weight, elastic, and non-toxic nature, have led to extensive use.
Due to the availability of high-quality polyethylene, micro-perforated PE packaging solutions for food can help reduce manufacturing costs. It helps reduce the overall package weight.
The segment of polypropylene (PP), material type, is expected to grow the fastest over the forecast period. This material is a popular choice because it offers exceptional transparency for food products in retail shops, making it an attractive choice for consumers.
In 2017, fruits and vegetables accounted for the largest segment of the micro-perforated food packaging industry. This market uses both films and laminates to pack its foods. Manufacturers around the world have been inspired to create innovative packaging solutions due to increased consumer incomes and a high demand for fresh produce all year.
Bio-based materials are gaining popularity, especially in the form bio-degradable barrier film. For oxygen-sensitive vegetable- and fruit-based foods, this is achieved by using novel gas packing technologies. PP films, in particular, have witnessed widespread adoption in the bakery and confectionery industry.Micro-perforations in these products are designed to help manufacturers in reducing wastage caused by dropping and bruising of packages.
Ready-to-eat foods have seen a shift in the attitudes of consumers in the developed world to make meals more convenient, tasty, and fast. These products are packaged in micro-perforated containers, which can include films, bags, and packs. Micro-perforated packaging has been a popular choice for ready-to-eat fresh cut fruits and vegetables due to their rapid decomposition and degradation.
North America was the dominant market in 2017, capturing a 30.5% revenue share. North America has seen a rising demand for plastic packaging sheets and films. The region has seen the development of new plastic manufacturing plants as a result of the elimination of strict regulations regarding production of these plastic products.
Asia Pacific's grocery retail industry has seen a huge boost due to increasing population and increased consumer spending. A number of large format retailers have seen significant growth in their region, despite fierce competition from more developed countries. This has led to a significant increase in the use of micro-perforated packaging materials for food across Asia Pacific.
There are many major players in the market, such as Mondi Plc and Sealed Air. Other prominent players include Uflex Ltd., TCL Packaging. COVERIS. Intertape Polymer Group. Amerplast. NOW Plastics.
Due to the presence of similar products in the market, market participants compete primarily on the basis for the quality of their services and products. Small- and medium-sized companies have used competitive pricing as a key strategy, but larger companies have benefited from their strong position by entering into long-term supply deals with top food producers in the sector.
This report predicts revenue growth at the global, regional and country level and analyzes industry trends for each sub-segment from 2014 through 2025. Up Market Research has divided the global micro-perforated packaging market report by material, application, region.
Material Outlook (Revenue USD Million, 2014-2025)
Polyethylene
Polypropylene
PET
Other
App Outlook (Revenue USD Million, 2014-2025)
Fruits & vegetables
Bakery & confectionery
Ready to eat
Other
Regional Outlook (Revenue USD Million, 2014-2025)
North America
U.S.
Europe
Germany
U.K.
Asia Pacific
China
Japan
India
Central & South America
Brazil
Middle East & Africa
UAE
Up Market Research published a new report titled “Micro-perforated Food Packaging Market research report which is segmented by Material (Polyethylene, Polypropylene), by Application (Bakery & Confectionery, Fruits & Vegetables), By Players/Companies Others, Polypropylene, Polyethylene, Material Outlook (Revenue USD Million 2014 - 2025)PolyethylenePolypropylenePETOthers, PET”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Micro-perforated Food Packaging Market Research Report |
By Material | Polyethylene, Polypropylene |
By Application | Bakery & Confectionery, Fruits & Vegetables |
By Companies | Others, Polypropylene, Polyethylene, Material Outlook (Revenue USD Million 2014 - 2025)PolyethylenePolypropylenePETOthers, PET |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 224 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Material (Polyethylene, Polypropylene), by Application (Bakery & Confectionery, Fruits & Vegetables).
Micro-perforated Food Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Micro-perforated Food Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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