Global Micro-Perforated Food Packaging Market, By Material (Polyethylene, Polypropylene, PET, Others), Application (Fruits & Vegetables, Bakery & Confectionary, Ready-to-Eat, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Micro-Perforated Food Packaging Market
Global micro-perforated food packaging market is expected to rise from its initial estimated value of USD 1.29 billion in 2018 to an estimated value of USD 2.01 billion by 2026, registering a CAGR of 5.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing demand due to the awareness and adoption of healthy and fresh food products.
Market Definition: Global Micro-Perforated Food Packaging Market
Micro-perforated food packaging is a type of packaging product that has miniature holes present in them. These holes help in retaining the moisture of these products thereby extending the shelf-life of the products. This type of packaging is used for a number of food products such as ready-to-eat meals, easily consumable food products, and various fruits and vegetables.
- Growth of the supermarkets and retail suppliers is expected to drive the market growth
- Availability and adoption of alternate methods of packaging is expected to act as a restraint to the market growth
Segmentation: Global Micro-Perforated Food Packaging Market
- By Material
- By Application
- Fruits & Vegetables
- Bakery & Confectionary
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In September 2018, Amcor Limited announced their intentions to expand its Madison plants facilities, while upgrading the facilities in 2018 and also in 2019 to expand their capacity of the plant while reducing the waste produced.
- In June 2017, Aera announced the inauguration of its production facility, expanding their production capacity through this expansion of their 4200 meter square production plant.
Competitive Analysis: Global Micro-Perforated Food Packaging Market
Global micro-perforated food packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of micro-perforated food packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Micro-Perforated Food Packaging Market
Few of the major competitors currently working in the micro-perforated food packaging market are Mondi, Sealed Air, Bolloré Group, Amcor Limited, Uflex Limited, TCL Packaging, COVERIS, Intertape Polymer Group, Amerplast, Aera, Ultraperf Technologies Inc, KM Packaging Services Ltd., Berry Global Inc., Klöckner Pentaplast, Cosmo Films Ltd., and SRF Limited.
Research Methodology: Global Micro-Perforated Food Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved