According to TechSci Research report, “Micro-Perforated Films Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Micro-Perforated Films Market stood at USD 1.62 billion in 2022 and is anticipated to grow with a CAGR of 4.15% in the forecast period, 2023-2028. The initiatives taken by government based on Micro-Perforated Films has led to favorable market conditions for the Global Micro-Perforated Films Market. Several factors contribute to the growth of various Micro-Perforated Films products.
One of the primary purposes of micro-perforated films is to extend the shelf life of perishable goods, thereby reducing food waste. This is especially important considering the staggering amount of food that goes to waste globally each year. Governments worldwide are taking significant steps to cut down on food waste and promote sustainability. For instance, in the European Union, the Farm to Fork Strategy sets a goal to halve food waste by 2030. Micro-perforated films are recognized as a valuable tool in achieving this objective, as they help preserve the quality and freshness of food for longer periods.
Simultaneously, governments are increasingly advocating for the use of more sustainable packaging solutions to minimize the environmental impact. Micro-perforated films align perfectly with this initiative as they offer an effective packaging solution while being more environmentally friendly than certain alternatives. By allowing the right amount of airflow and moisture control, these films can help reduce the need for excessive packaging materials and contribute to a more sustainable future.
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In recent years, pharmaceutical production has experienced an unprecedented surge. This surge can be attributed to several factors, including the aging global population, the increasing prevalence of chronic diseases, and most notably, the ongoing COVID-19 pandemic. As a result, there has been a pressing need for innovative and efficient packaging solutions to accommodate this heightened production. In response to this demand, micro-perforated films have emerged as a vital component in the pharmaceutical industry. These micro-perforated films offer exceptional protection against external elements such as light, moisture, and oxygen. By effectively shielding the drugs, they ensure the maintenance of their potency and efficacy throughout the entire shelf life. With their precise perforations, these films strike a balance between safeguarding the pharmaceuticals and allowing for proper ventilation, thus preserving their integrity.
The Global Micro-Perforated Films Market is segmented into material, application, regional distribution, and company
Based on its material, the PE segment held the largest share in the market. This can be attributed to its wide range of applications, particularly in the field of food packaging. This is due to its exceptional properties, including high transparency, puncture resistance, cost-effectiveness, high tensile strength, and superior impact strength. These characteristics make polyethylene an ideal choice for ensuring the safe and efficient packaging of food products, while also providing added benefits such as durability and product visibility.
Based on region, North America segment is expected to grow during the forecast period. The growth in demand for convenience foods can be attributed to several factors. the improvement in economic conditions has led to an increase in disposable incomes, allowing people to afford ready-to-eat meals and snacks. Additionally, technological innovation in the packaging industry has made it easier to produce and distribute convenient food products. This, coupled with the growing awareness and demand for healthier options, has further fueled the popularity of convenience foods. As a result, consumers are now able to enjoy a wide variety of convenient and nutritious food choices that cater to their busy lifestyles.
Major companies operating in Global Micro-Perforated Films Market are:
- Amcor PLC
- Mondi PLC
- Sealed Air Corp.
- Bollore SE
- Uflex Ltd.
- TCL Packaging Ltd.
- Now Plastics Inc.
- Fine Organics Industries Ltd.
- Aera Inc.
- Amerplast Oy
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“Growing application of Micro-Perforated Films in various end user industries are key drivers of the Micro-Perforated Films Market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of Micro-Perforated Films with every passing year are anticipated to register an impressive growth to Global Micro-Perforated Films Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Micro-Perforated Films Market By Material (PE, PP, PET, Others), By Application (Fresh Fruits & Vegetables, Bakery & Confectionary, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Micro-Perforated Films Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Micro-Perforated Films Market.
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