The global micro perforated food packaging market size is expected to reach around USD 2.0 billion by 2026, growing at a CAGR of 6.1% during the forecast time period. The market is driven by increasing awareness about healthy food intake.
Micro Perforated Food Packaging Market Report Coverage
|Market||Micro Perforated Food Packaging Market|
|Analysis Period||2018 - 2026|
|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.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||10 hrs of free customization and expert consultation|
Micro Perforated Food Packaging 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.
Micro Perforated Food Packaging 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.
Micro Perforated Food Packaging Market Segmentation
Micro Perforated Food Packaging Market By Material
Micro Perforated Food Packaging Market By Application
Micro Perforated Food Packaging Market By Geography
Micro Perforated Food Packaging Market 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.
Micro Perforated Food Packaging 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.