Perforated Packaging Market Potential and Niche Segments, Geographical regions and Trends 2027
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Perforated Packaging Market- Market Dynamics:
Perforated packaging market has reflected vertical upward growth over past three years, on the backdrop of upsurge processed and packaged food demand approximately 30%, 40% and 80% in Europe, India, and the US respectively. The demand for processed and packaged food can be attributed to rapidly changing lifestyle, urbanization as well as increasing disposable income among the middle-class families. Moreover, other high impact drivers for the growth of perforated packaging market are increasing the number of modern retail format and the use of e-commerce for procuring consumable items. The global growth rate for modern retail format and e-commerce is anticipated to be around 5% and 8% respectively. The need of protecting the fresh produce, to have effective packaging and to increase the shelf life of the product is also fuelling the perforated packaging market. There are few constraints such as the inability of perforated packaging to protect its product efficiently from the chemicals and physical damages. Despite all the advantages, the perforated packaging is unable to compete with modified atmospheric packaging options, for increasing the lifespan of the product. Though, the low-cost characteristic of perforated packaging is likely to drive global perforated packaging market on a vertical upward growth trajectory.
Perforated Packaging Market - Regional Outlook:
Regionally perforated packaging market can be segmented into, Latin America, Europe, North America, Asia-Pacific excluding Japan (APEJ) and Middle East & Africa (MEA). Perforated packaging market is expected to grow at a steady rate in the period of 2016- 2024. North America is expected to witness the high growth in perforated packaging market for the period because it has a high consumption of the processed meat and packaged food. The demand for perforated packaging in Eastern and Western Europe is forecasted to be sluggish due to government policies against the extensive use of plastics. APEJ region is also expected to witness a robust growth of perforated packaging market in the forecast period due to rapidly changing regional lifestyle. There is an increase in number of modern retail outlets and consumption of processed meat and packaged food in the APEJ region. Perforated packaging market is expected to give the good yield in the APEJ region.
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Perforated Packaging Market - Key Players:
Some key players in the perforated packaging market are Amcor Limited, Now Plastics, Helion Industries, Amerplast, ULTRAPERF, Ajover S.A., A-ROO Company LLC, 3M Company, LaserSharp FlexPak Services,
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