Global Micro-Perforated Films Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2018–2027

Global Micro-Perforated Films Market Overview:

“The global Micro-Perforated Films Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Request Covid - 19 Impact

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our researchers have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Micro-perforated films can be described as plastic films having small pinholes and are often used in fresh food packaging such as wraps and rolls, in order to protect them from contamination and preserve their hygienic value. Global micro-perforated films market is estimated to register substantial growth, owing to increasing demand from food and beverages industry.

Market Dynamics:

Global micro-perforated films market is expected to register significant growth, owing to increasing demand of pre-packaged fresh food. In addition, rising consumption of pre-packaged fresh food, especially among working population is expected to be a demand generating factor, which in turn will boost growth of the target market over the forecast period. These films are also used to protect fruits and vegetables from dust and vaporisation.

Global micro-perforated films market is expected to register substantial growth, owing to increasing demand from food delivery chains in order to deliver fresh and hygienic food to consumers. Moreover, increasing disposable income, and increasing consumption of on-the-go food is fuelling demand for micro-perforated films for protective packaging which is expected to influence upward growth of the target market. However, stringent government and environmental regulations regarding usage of plastic is expected to challenge growth of target market to a certain extent.

Regional Insights:

Market in Asia Pacific is estimated to register substantial growth, owing to increasing demand from food and beverages industry as packaging solution. In addition, increasing number of food outlets and retail chains are expected to generate huge demand for micro-perforated films and is expected to augment growth of the target market in the region. Increasing disposable income, and increasing applications in packaging fresh food and vegetables, bakery and confectionery etc., are some factors estimated to drive growth of the target market.

Moreover, rapidly growing working population is generating demand for ready-to-eat food, owing to hectic lifestyle which is expected to support growth of the target market. Increasing urbanization and changing lifestyle in emerging economies such as India and China are expected to augment growth of the target market in the region.

Market in North America is expected to register significant growth, owing to shifting inclination towards consumption of healthier food products, strong presence of manufacturers, and increasing penetration of food retailers which are some factors expected to propel growth of the target market. Markets in Europe, Latin America, and Middle East and Africa are expected to grow at moderate rate in the global micro-perforated films market.

Segmentation and Key Players Operating in Global Micro-Perforated Films Market:

Segmentation by material:

• Polyethylene (PE)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)

Segmentation by application:

• Fresh Fruits and Vegetables
• Bakery and Confectionary
• Ready-To-Eat Food
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa