Press release
Micro-Perforated Films Market Size to Exceed 1.91 USD billion by 2029| Striking CAGR of 4.1% | TCL Packaging, Mondi, Amcor Limited
Micro-Perforated Films
Micro perforated films packaging is a significantly growing segment of the packaging industry that is gaining popularity due to its superior ability to extend the shelf life of food products. Micro perforated films are thin sheets of polymer material with numerous tiny holes, which allow air to circulate and help to preserve the freshness of packaged food. This type of packaging provides several benefits over traditional packaging methods, including improved food quality, reduced waste, and enhanced food safety.
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Micro Perforated Films Market 2023-2029 - Market Dynamics
Major Trends
The growing confectionary market in North America is the major trend shaping the market. This growth is due to the changing consumer trends in the market, due to which many vendors are diversifying their portfolios. The increasing merger and acquisition (M&A) activities are the manufacturers' focus in the US. The micro-perforated PP packaging films are used for packing bread, cakes, and sandwiches, which are gaining popularity among consumers. For instance, fresh crusty bread items require a higher density of perforation than sliced bread. As a result, customized micro-perforated packaging films are witnessing a rise in demand in the confectionery market. Hence, these factors are expected to drive the market growth during the forecast period.
Significant Challenges
The volatility in raw material prices is a significant challenge restricting market growth. This volatility in raw materials is due to the supply and demand gap in the crude oil sector across the world. The cost of the end products majorly depends on the cost of the raw materials used in packaging solutions. The commonly used micro-perforated films are PP, LDPE, biaxially oriented polypropylene (BOPP), and biaxially oriented polyethylene terephthalate (BOPET). Moreover, these vendors can limit the risk of fluctuating raw material prices by investing in proper commodity hedging instruments in the financial derivatives market. Hence, these changes in raw material prices are expected to restrict the market growth during the forecast period.
Prominent Key players of the Micro-Perforated Films Market survey report:
Historical data available in the report elaborates on the development of the Micro-Perforated Films on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - TCL Packaging, Mondi, Amcor Limited, Sealed Air Corporation, Bollore Group, Uflex Ltd., Coveris Holdings S.A., Amerplast, Aera, Now Plastics, Helion Industries.
In December 2022, Licella Holdings, an Australian technological leader, and Amcor's Amcor Australia & New Zealand (ANZ) Company signed a Memorandum of Understanding (MOU) to invest in one of Australia's first modern plastic recycling plants. The partnership strengthens Amcor and Licella's ambition of developing a sustainable circular economy for soft plastics in Australia and advances Amcor's goal to attain 30% reusable materials throughout its portfolio by 2030 as one of the first advanced recycling plants to be constructed in Australia.
In December 2022, Amcor announced the debut of its brand-new, cutting-edge manufacturing facility in Huizhou, China. The 590,000 square foot factory, which cost over $100 million to build, is the leading flexible packaging facility in China in terms of manufacturing capacity, enhancing Amcor's capabilities to fulfil rising client demand throughout Asia Pacific.
Micro-Perforated Films Market Segmentation:
Micro-Perforated Systems Market by Type, 2023-2029, (USD Million) (Thousand Units)
» Polyethylene (PE)
» Polypropylene (PP)
» Polyethylene Terephthalate (PET)
Micro-Perforated Systems Market by Platform, 2023-2029, (USD Million) (Thousand Units)
» Fresh Fruits & Vegetables
» Bakery & Confectionery
» Ready-To-Eat Food
The regional outlook by revenue covers the countries namely:
✦ North America (United States, Canada and Mexico)
✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
✦ South America (Brazil, Argentina, Colombia, and Rest of South America)
✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Key Features of the Micro-Perforated Films Market Report: -
⇨ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
⇨ Examine the market opportunities for stakeholders by identifying higher growth sections.
⇨ To study and analyse the global Micro-Perforated Films industry status and forecast including key regions.
⇨ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
⇨ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
⇨ It helps you make strategic business decisions and investment plans.
Competitive Landscape
Competition has been growing for the Micro-Perforated Films industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.
Highlight the Following Key Factors:
► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History: The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.
► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Table of Contents
Global Micro-Perforated Films Market Research Report 2023-2029
1 Micro-Perforated Films Market Overview
1.1 Product Overview and Scope of Micro-Perforated Films
1.2 Micro-Perforated Films Segment by Type (Product Category)
1.3 Global Micro-Perforated Films market Segment by Application
1.4 Global Micro-Perforated Films Market by Region (2023-2029)
1.4.1 Global Micro-Perforated Films Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)
1.4.2 North America Status and Prospect (2023-2029
1.4.3 Europe Status and Prospect (2023-2029)
1.4.4 China Status and Prospect (2023-2029)
1.4.5 Japan Status and Prospect (2023-2029)
1.4.6 Southeast Asia Status and Prospect (2023-2029)
1.4.7 India Status and Prospect (2023-2029)
1.5 Global Market Size (Value) of Micro-Perforated Films (2023-2029)
1.5.1 Global Micro-Perforated Films Revenue Status and Outlook (2023-2029)
1.5.2 Global Micro-Perforated Films Capacity, Production Status and Outlook (2023-2029)
…
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