Micro Perforated Food Packaging Market (By Material - Polyethylene, Polypropylene, PET, Others; By Application - Fruits & vegetables, Bakery & confectionery, Ready-to-eat, Others) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Category : Process Control and Automation | Delivery Format : PDF | Status: Published | Pages : 180

Introduction

The global micro perforated food packaging market size is expected to around USD 2.0 billion by 2026, the market is projected to grow with 6.1% CAGR during the forecast time period. The market is driven by increasing awareness about healthy food intake.

Report coverage

Market Micro Perforated Food Packaging Market
Analysis Period 2018 - 2026
Base Year 2018
Forecast Data 2018- 2026
Segments Covered By Material, By Application and By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled NOW Plastics, Uflex Ltd, Aera, TCL Packaging, Amerplast, COVERIS, and Intertape Polymer Group.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope 10 hrs of free customization and expert consultation

 

Market Dynamics

Speedy development in retail chains, paired with increasing awareness about healthy food intake, is anticipated to boost product need over the forecast timeframe. The market is also driven by increase in inclination to ready to eat and other trendy food items.Change in the frame of mind of shoppers in created nations for suppers that are anything but difficult to get ready, delightful, and fast has expanded interest for prepared to-eat items. The vast majority of these items perforated packaging, including packs, films, and bags. Brisk decay and degeneration related with ready-to-eat fresh-cut fruits and vegetables has been boosting the need for micro-perforated packaging solutions.

Market Insights

Micro-perforated food packaging is depoyed for perishable food products, focusing to extend shelf life and advance moisture retention of the products. This is used in numerous applications, comprise of bakery and confectionery, fruits and vegetables, meat and seafood packaging and ready-to-eat meals. Foremost players in the micro perforated food packaging market have capitalized on their projecting position and have been capitalising in long-term supply contracts with key food manufacturers.

The food packaging sector, which considers micro-perforated materials as active packaging, is intelligent material, which that come into contact with food. Some of the government bodies comprise the governed by various regulatory bodies globally. The framework stipulates regulations for active and U.S. (FDA) Food and Drug Administration and the Japan Hygienic Olefin and Styrene Plastics Association. Also, these regulations need suitable product labelling that allows identification of non-edible parts by customers.

Market Segmentation

Market ByMaterial

  • Polyethylene
  • Polypropylene
  • PET
  • Others

Market ByApplication

  • Fruits & vegetables
  • Bakery & confectionery
  • Ready-to-eat
  • Others

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

North America captures the largest revenue share the global micro perforated food packaging market, the region acquires a revenue share of 32.6% in 2018. Plastic packaging sheets and films have been observing a rising need in North America region. Eradication of stringent regulations regarding production of these plastic products in the respective region has stimulated growth of new plastic manufacturing facilities.

In 2018, Europe is also rapidly growing in themicro perforated food packaging market owing to increasing demand for better packaging in food and beverage sector, Asia Pacific micro perforated food packaging market is slated to witness noteworthy growth during the forecast period.

Market Participants

Market participants compete principally on the basis of products and services offered, owing to presence of similar product offerings in the micro perforated food packaging market. The key players catering to the global micro perforated food packaging market are Amcor Limited, Mondi Plc, Bolloré Group, and Sealed Air. Others key players comprise of NOW Plastics, Uflex Ltd, Aera, TCL Packaging, Amerplast, COVERIS, and Intertape Polymer Group.

 

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