The global micro-perforated food packaging market was valued at $1.4 billion in 2018. Increasing consciousness among the consumers pertaining to healthy food and extensive growth in retail sector is thereby driving the growth of the global micro-perforated food packaging market. Micro-perforated food packaging controls the rate of vapour transmission since this packaging has an ability to provide suppliers with case ready products and further provides flexible packaging films to the manufacturers.
Micro-perforated food packaging technology helps the suppliers to attain optimum shelf life of the product and deducing the chances of decay of product in the supply chain. Additionally, right packaging and storage temperature can thus create favourable conditions for product that will help in reducing the aging and maturation thereby availing improved quality products to the consumers. With several advantages offered by micro-perforated packaging is thereby strengthening the growth of the global micro-perforated food packaging market considerably.
Rapid expansions in retail industry are the key factor pertaining towards the growth of the global micro-perforated food packaging market. In the present scenario, the consumers are facing more demands on attention, and time and success of any particular brand is dependent upon stocking, demand attention, ensure availability of product in perfect condition along with easier management of inventory. Additionally, the retail-ready and shelf-ready packaging supports the retailers and manufacturers to avail products to the consumers faster and thus ensures shelf-ready packaging benefits for retailers.
Furthermore, perforated packaging ensures shelf ready products that could be easily placed and displayed on a shelf and thus enables easy shopping for the customers by availing those products to them in the form of small boxes, pouches, jars, and cans. This enhanced use in retail sector is thereby strengthening the growth of the global micro-perforated food packaging market. However, increasing demand for alternate food packaging products is thus hampering the growth of the global micro-perforated food packaging market.
Micro-perforated food packaging market forecast 2019 – 2029 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the micro-perforated food packaging manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Bakery & confectionery, fruits & vegetables, ready-to-eat and other industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on material and application segment. On the basis of material, the global micro-perforated food packaging market is segmented into polypropylene, polyethylene, PET and others. Among all these segments, polypropylene segment is anticipated to witness highest CAGR during the forecast period. Polypropylene is extensively being utilized worldwide in various applications such as packaging for consumer products, developing plastic parts for several industry domains such as automotive domain. Furthermore, this material provides massive transparency to the food product thereby making it extremely popular among the consumers.
Based on application, the global micro-perforated food packaging market is categorised into bakery & confectionery, fruits & vegetables, ready-to-eat and others. Among all these segments, micro-perforated food packaging observed enhanced application in fruits & vegetables and is thereby generating largest revenue throughout the estimated period. Micro-perforated packaging is excessively being utilized in enhancing the shelf life of the fruits and vegetable and thus improving the moisture retention ability of the products.
The micro-perforated food packaging market in North America is the largest revenue holder throughout the estimated period. The growth of micro-perforated food packaging in this region is attributed towards introduction of stringent regulations implemented by the government authorities to eradicate the consumption of conventional plastic is thereby stimulating the manufacturers to produce various plastic products. Additionally increasing demand for plastic packaging sheets and films along with increasing acceptance of healthy products by the consumers is thus escalating the demand for micro-perforated food packaging market in this region.
Ever-increasing population and increasing disposable income of the citizens is thus estimated to enhance market growth of micro-perforated food packaging market in Asia-Pacific thus projected to witness highest CAGR during the forecast period. Rapid expansion in retail segment and technological advancements in micro-perforated food packaging technique in the region is thereby further strengthening the growth of micro-perforated food packaging market in this region.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The global players operating in micro-perforated food packaging market are undertaking market skimming and penetration strategy in order to make consumer accessible with competive prices and are further innovating their existing offerings in order to tap large consumer base in future. Some of the players having prominent presence in the global micro-perforated food packaging market include Ultraperf Technologies Inc., COVERIS, Mondi plc, Sealed Air Corporation, KM Packaging Services Ltd., Amcor Limited, Bolloré Group, TCL Packaging, Uflex Ltd., and Amerplast Ltd.
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1. Research Overview
1.1. Objective
1.2. Global Micro-Perforated Food Packaging Market Overview
1.3. Market Segmentation
1.3.1. By Material
1.3.2. By Application
1.4. Benefits to Stakeholders
1.5. Key Questions Answered by the Report
1.6. Research Methodology
1.6.1. Secondary Research
1.6.2. Primary Research
1.6.3. Frequently Asked Questions
1.6.4. Market Estimation and Forecast Methodology
1.6.5. Data Exploration and Validation
1.6.6. Limitations and Assumptions for the Study
2. Introduction to the Micro-Perforated Food Packaging Market
2.1. Market Definition
2.2. By Material
2.2.1. Polypropylene
2.2.2. Polyethylene
2.2.3. PET
2.2.4. Others
2.3. By Application
2.3.1. Bakery & Confectionery
2.3.2. Fruits & Vegetables
2.3.3. Ready-to-Eat
2.3.4. Others
3. Micro-Perforated Food Packaging Market Analysis
3.1. Industry Outlook
3.2. Value Chain Analysis
3.3. Regulatory Framework
3.4. Technology Overview
3.5. PESTEL Analysis
3.6. Opportunity Analysis
3.7. Supply Chain Analysis
3.8. Porter’s Five Forces Analysis
3.9. Market Dynamics
3.9.1. Drivers
3.9.1.1. Growth in retail industry
3.9.1.2. Increasing awareness related to healthy food intake
3.9.1.3. Increasing demand for ready-to-eat food
3.9.1.4. Increasing exports of fruits and vegetables in Asia-pacific
3.9.2. Restraints
3.9.2.1. Increasing demand for alternate food packaging products
3.9.3. Trends
3.9.3.1. Use of bio-based materials
3.9.4. Opportunities
3.9.4.1. Expansion in food delivery services
3.10. SWOT Analysis of the Micro-Perforated Food Packaging Market
3.10.1. Strength
3.10.2. Weakness
3.10.3. Opportunity
3.10.4. Threat
4. Micro-Perforated Food Packaging: Global Market
4.1. Global Micro-Perforated Food Packaging Market Forecast 2019 - 2029
4.2. Global Micro-Perforated Food Packaging Market Forecast, by Material, 2019 - 2029
4.3. Global Micro-Perforated Food Packaging Market Forecast, by Application, 2019 - 2029
4.4. Global Micro-Perforated Food Packaging Market Forecast, by Region, 2019 – 2029
4.4.1. Asia-Pacific
4.4.2. Europe
4.4.3. North America
4.4.4. Latin America
4.4.5. Middle East & Africa
5. Micro-Perforated Food Packaging: Asia-Pacific Market
5.1. China Micro-Perforated Food Packaging Market
5.1.1. China Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
5.1.2. China Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
5.2. Japan Micro-Perforated Food Packaging Market
5.2.1. Japan Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
5.2.2. Japan Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
5.3. India Micro-Perforated Food Packaging Market
5.3.1. India Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
5.3.2. India Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
5.4. Australia Micro-Perforated Food Packaging Market
5.4.1. Australia Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
5.4.2. Australia Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
5.5. South Korea Micro-Perforated Food Packaging Market
5.5.1. South Korea Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
5.5.2. South Korea Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
5.6. Rest of Asia-Pacific Micro-Perforated Food Packaging Market
5.6.1. Rest of Asia-Pacific Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
5.6.2. Rest of Asia-Pacific Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
6. Micro-Perforated Food Packaging: European Market
6.1. Germany Micro-Perforated Food Packaging Market
6.1.1. Germany Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
6.1.2. Germany Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
6.2. U.K. Micro-Perforated Food Packaging Market
6.2.1. U.K. Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
6.2.2. U.K. Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
6.3. France Micro-Perforated Food Packaging Market
6.3.1. France Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
6.3.2. France Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
6.4. Spain Micro-Perforated Food Packaging Market
6.4.1. Spain Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
6.4.2. Spain Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
6.5. Italy Micro-Perforated Food Packaging Market
6.5.1. Italy Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
6.5.2. Italy Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
6.6. Russia Micro-Perforated Food Packaging Market
6.6.1. Russia Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
6.6.2. Russia Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
6.7. Rest of Europe Micro-Perforated Food Packaging Market
6.7.1. Rest of Europe Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
6.7.2. Rest of Europe Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
7. Micro-Perforated Food Packaging: North American Market
7.1. U.S. Micro-Perforated Food Packaging Market
7.1.1. U.S. Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
7.1.2. U.S. Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
7.2. Canada Micro-Perforated Food Packaging Market
7.2.1. Canada Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
7.2.2. Canada Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
8. Micro-Perforated Food Packaging: Latin American Market
8.1. Brazil Micro-Perforated Food Packaging Market
8.1.1. Brazil Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
8.1.2. Brazil Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
8.2. Mexico Micro-Perforated Food Packaging Market
8.2.1. Mexico Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
8.2.2. Mexico Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
8.3. Argentina Micro-Perforated Food Packaging Market
8.3.1. Argentina Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
8.3.2. Argentina Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
8.4. Rest of Latin American Micro-Perforated Food Packaging Market
8.4.1. Rest of Latin American Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
8.4.2. Rest of Latin American Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
9. Micro-Perforated Food Packaging: MEA Market
9.1. Saudi Arabia Micro-Perforated Food Packaging Market
9.1.1. Saudi Arabia Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
9.1.2. Saudi Arabia Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
9.2. South Africa Micro-Perforated Food Packaging Market
9.2.1. South Africa Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
9.2.2. South Africa Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
9.3. U.A.E. Micro-Perforated Food Packaging Market
9.3.1. U.A.E. Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
9.3.2. U.A.E. Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
9.4. Rest of MEA Micro-Perforated Food Packaging Market
9.4.1. Rest of MEA Micro-Perforated Food Packaging Market, by Material Forecast, 2019 - 2029
9.4.2. Rest of MEA Micro-Perforated Food Packaging Market, by Application Forecast, 2019 - 2029
10. Competition in Micro-Perforated Food Packaging Market
10.1. Price Trend Analysis
10.2. Company Share Analysis
10.3. Material and Competitive Benchmarking
10.4. Strategic Development Analysis of Major Players
10.4.1. Partnerships/Collaborations/Agreements
10.4.2. Mergers & Acquisitions
10.4.3. New Product Launches
10.4.4. Other Developments
11. Leading Companies
11.1. Ultraperf Technologies Inc
11.1.1. Company Overview
11.1.2. Product & Services Offerings
11.1.3. Key Financial Summary
11.1.4. Recent Developments
11.1.5. SWOT Analysis
11.2. COVERIS
11.2.1. Company Overview
11.2.2. Product & Services Offerings
11.2.3. Key Financial Summary
11.2.4. Recent Developments
11.2.5. SWOT Analysis
11.3. Mondi plc
11.3.1. Company Overview
11.3.2. Product & Services Offerings
11.3.3. Key Financial Summary
11.3.4. Recent Developments
11.3.5. SWOT Analysis
11.4. Sealed Air Corporation
11.4.1. Company Overview
11.4.2. Product & Services Offerings
11.4.3. Key Financial Summary
11.4.4. Recent Developments
11.4.5. SWOT Analysis
11.5. KM Packaging Services Ltd.
11.5.1. Company Overview
11.5.2. Product & Services Offerings
11.5.3. Key Financial Summary
11.5.4. Recent Developments
11.5.5. SWOT Analysis
11.6. Amcor Limited
11.6.1. Company Overview
11.6.2. Product & Services Offerings
11.6.3. Key Financial Summary
11.6.4. Recent Developments
11.6.5. SWOT Analysis
11.7. Bolloré Group
11.7.1. Company Overview
11.7.2. Product & Services Offerings
11.7.3. Key Financial Summary
11.7.4. Recent Developments
11.7.5. SWOT Analysis
11.8. TCL Packaging
11.8.1. Company Overview
11.8.2. Product & Services Offerings
11.8.3. Key Financial Summary
11.8.4. Recent Developments
11.8.5. SWOT Analysis
11.9. Uflex Ltd.
11.9.1. Company Overview
11.9.2. Product & Services Offerings
11.9.3. Key Financial Summary
11.9.4. Recent Developments
11.9.5. SWOT Analysis
11.10. Amerplast Ltd.
11.10.1. Company Overview
11.10.2. Product & Services Offerings
11.10.3. Key Financial Summary
11.10.4. Recent Developments
11.10.5. SWOT Analysis
12. Conclusion and Recommendation
12.1. Market Outlook
12.2. Recommendation
13. Glossary
Amcor Limited
Amerplast Ltd.
Bolloré Group
COVERIS
KM Packaging Services Ltd.
Mondi plc
Sealed Air Corporation
TCL Packaging
Uflex Ltd.
Ultraperf Technologies Inc
Visiongain Packaging
Visiongain Packaging
Visiongain Packaging
