Growing Demand And Applications Stir Up The Advancement Of The Global Micro Perforated Food Packaging Market

Author : Acumen Research and Consulting

Micro-perforated food packaging is used for food products that are perishable with the aim of increasing their shelf life along with furthering moisture retention of the products. Bakery and confectionery, fruits and vegetables, meat and seafood packaging and ready-to-eat meals are the various areas where it is used. It is regarded as active packaging by the food packaging sector.

The global micro perforated food packaging market is segmented into three major segments which include material, application and region. Material based segmentation of the micro perforated food packaging market is further divided into Polyethylene, Polypropylene, PET, and Others. The micro perforated food packaging market is further classified by fruits & vegetables, bakery & confectionery, ready-to-eat, and others on the basis of application segmentation. On the basis of region the global micro perforated food packaging market is bifurcated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Speedy development in retail chains, paired with increasing awareness about healthy food intake, is anticipated to boost product need over the forecast timeframe. It is being projected that the global micro perforated food packaging market will grow at a CAGR of 6.1% reaching a market size of USD 2.0 billion by the year 2026.

Here are some more points to help explain about the global micro perforated food packaging market:

  • According to the segmentation of the market based on application, the fruits and vegetables sub- segment has been a significant one in the market in 2018. Convergence of augmented consumer incomes and year-round need for fresh produce have stimulated manufacturers across the globe to develop and manufacturing innovative packaging offerings and solutions.
  • The largest revenue share of the market in terms of region based analysis was observed by North America which secured a 32.6% share in the year 2018. Eradication of stringent regulations regarding production of these plastic products in the respective region has stimulated the growth of new plastic manufacturing facilities.
  • Asia- pacific’s grocery retail sector has experienced a considerable push due to the increasing population and likewise consumer spending.
  • The important businesses associated with this market include Amcor Limited, Mondi Plc,Bolloré Group, Sealed Air, NOW Plastics,Uflex Ltd,Aera, TCLPackaging, Amerplast, COVERIS,and Intertape Polymer Group.