Micro-Perforated Films Market to Grow with a CAGR of 4.15% through 2028
Surge in pharmaceutical production is expected to
drive the Global Micro-Perforated Films Market growth in the forecast period,
2024-2028.
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.
Browse over XX market data Figures spread
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Films Market”
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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