Micro Perforated Films Packaging Market is Projected to Reach at a US$ 2.28 Billion by 2033 | FMI

Micro Perforated Films Packaging Market
Micro Perforated Films Packaging Market

The recent analysis from Future Market Insights (FMI) indicates a positive trajectory for the micro-perforated films packaging market, forecasting a 3.6% year-over-year increase in global sales through 2023. Projections suggest the market’s value is set to reach US$ 1.46 billion in 2023, with an anticipated surge to surpass US$ 2.28 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 4.5% during the period from 2023 to 2033. This optimistic outlook underscores the market’s resilience and potential for sustained growth, driven by evolving consumer demands and advancements in packaging technology over the coming decade.

At the forefront of market dynamics is the escalating demand for fresh and convenient food products, driven by consumer preferences for easily prepared items with extended shelf life. The surge in popularity of such products is met by micro-perforated films, playing a crucial role in preserving freshness and quality by regulating the internal atmosphere within the packaging. By effectively slowing down the spoilage and decay processes, these films cater to the increasing consumer need for food items that remain fresh and convenient for more extended periods, aligning with contemporary lifestyle demands.

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Key Takeaways:

  1. The market in the United Kingdom is expected to rise with a CAGR of 4.9% through 2033.
  2. The United States dominated the market in 2022, holding a 20.2% share of the global market.
  3. Japan held a 6.2% market share globally in 2022.
  4. India is predicted to develop prominently in the market, with a CAGR of 5.8% over the forecast period.
  5. China is expected to proliferate, registering a CAGR of 5.7% over the forecast period.
  6. Germany accounted for 3.9% of the global market in 2022.

Competitive Landscape:

The top manufacturers of the micro perforated films packaging market are

  • Amcor Limited,
  • Darnel Group,
  • UFlex Ltd.,
  • Sealed Air Corporation,
  • Bollore Group,
  • Mondi Group,
  • TCL Packaging Limited,
  • KOROZO Ambalaj San,
  • ve Tic A.S, C
  • overis Holdings SA, and
  • others.

Key players in the micro-perforated films packaging market concentrate on developing cutting-edge packaging options that can maintain the quality and freshness of perishable commodities like fresh produce and bakery goods. Through the use of recyclable materials and eco-friendly alternatives, they are investing in research and development to enhance the functionality and sustainability of micro perforated films.

Recent Developments:

  • In January 2023, the Duino mill in Trieste (Italy) was acquired by Mondi plc (‘Mondi’) for a total sum of US$42.95 million from the Burgo Group.
  • In December 2022, Amcor declared the launch of a brand-new and cutting-edge manufacturing facility in China.

Other Key Players Operating in the Micro Perforated Films Packaging Market

  • Sealed Air Corporation
  • Bollore Group
  • TCL Packaging Limited
  • Darnel Group
  • Coveris Holdings SA

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Market Segmentation:

By Material Type:

  • PE
  • PP
  • PET
  • PVC
  • PA

By Packaging:

  • Bags
  • Pouches
  • Wraps/ Rolls
  • Sleeves

By Technology:

  • Mechanical perforation
  • Laser perforation

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Australasia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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