Micro-perforated Food Packaging Market Size, Share & Industry Analysis, By Material (Polypropylene, Polyethene, PET, Other), By Application (Fruits & Vegetables, Bakery & confectionary, Ready-to-eat, Other)Others and Regional Forecast, 2024-2032

Micro-perforated Food Packaging is a polymeric film that is microperforated for the exchange of gases in order to keep its contents (food) fresh over a period of time. The micro-perforations allow the optimum exchange of oxygen and carbon dioxide and help retain water vapours that facilitates food to remain fresh and extend its shelf-life. Laser technology is used to make these perforations. With the change in the wavelength, the number of perforations can be changed and thus, the performance of the packaging film.

The demand for Micro-perforated Food Packaging is substantially increasing with the rising population and increasing need for fresh food. With rapid urbanization in Asia-Pacific, the demand for freshly packaged food is rapidly increasing. Also, rising disposable income in developing countries is boosting the consumption of packed food in these regions. Moreover, due to the benefits offered by micro-perforated food packaging, packed food can easily be transported over long distances without any change in food property.

Key Market Driver -

Staggering demand for food packaging due to rising demand for fresh food drives the market for Micro-Perforated Food Packaging.

Key Market Restraint -

Implementation of stringent environmental regulations on the use of plastics is expected to hamper the market growth.

However, with the implementation of stringent environmental regulations across the world, the micro-perforated food packaging market is expected to experience some restrain in growth over the forecast period. Moreover, increasing awareness of hazards caused by plastic waste amongst consumers is changing consumer preferences on packaging materials which can affect the market growth as well. However, manufacturers are coming up with biodegradable microperforated food packaging materials that are expected to gain consumer confidence and sufficient growth opportunities.

Market Segmentation:

Based on material, the market is segmented into polypropylene, polyethene, PET and other. On the basis of application, the market is segmented into Fruits & Vegetables, Bakery & confectionary, Ready-to-eat, and others.

From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global Micro-perforated Food Packaging market is fairly fragmented. Some of the prominent manufacturers in the global micro-perforated food packaging include- Sealed Air, Coveris, Amcor plc, Mondi, Ultraperf Technologies, KM Packaging Services Ltd., Bollore Films, TCL Packaging, Amerplast Ltd., Uflex Limited, NG PLASTICS LTD., MULTIVAC, and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Micro-Perforated Food Packaging market


• New Product Launches, Expansions, Key Players


• Regulatory Landscape


• Porters Five Forces Analysis

Regional Analysis:

The global micro-perforated food packaging market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In terms of consumption, Asia-Pacific dominates the micro-perforated food packaging market on the back of countries like China, India, Japan, South Korea and other South-East Asian countries. The demand in the region is expected to further rise rapidly with the increasing population along with rising disposable income in the region. However, the regulatory changes on the backdrop of environmental concerns, arising due to plastic waste, is expected to affect market growth. North America also accounts for a significant share in the market, closely followed by Europe. The North America market is expected to grow steadily over the forecast period owing to a moderate increase in demand for packed food.

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The changing regulations on the use of plastics along with the ban on the use of plastics in some areas such as California are expected to restrict the market growth. The legislators in European Union have voted for the ban on single-use plastic (also includes packaging used for food) used by consumers. The ban will come into effect in 2021, which is expected to hamper the market growth. Middle East & Africa is one of the fastest-growing markets. The demand in the region is driven by the high consumption of packed food in GCC countries. Brazil and Mexico drive the market in Latin America region. With the improvements in socio-economic conditions in the region, the demand for micro-perforated food packaging is further expected to increase.

Segmentation

Micro-perforated Food Packaging Industrial Developments

• May, 2019, Sealed Air announced the acquisition of Automated Packaging System, Inc., a manufacturer of automated bagging systems. The deal was worth USD 510 Mn on a debt-free basis. The company had 7 manufacturing facilities in the US and UK.


• October, 2019, Coveris started with its major investment project at the UK site for the upgradation of new-generation extrusion and pre-stretch assets to increase its offerings for industrial and agricultural applications.