Micro Perforated Films For Packaging Market to Grow at a CAGR of 5.3% by 2026
In terms of value and volume, the wraps/rolls segment dominated the global micro perforated films for packaging market in 2016. The segment is estimated to account for close to 50% share of the global micro perforated films for packaging market by the end of 2026 due to rise in usage of wraps as a convenient source of packaging. The segment is expected to be valued at more than US$ 550 Mn in 2017 and is projected to expand at a CAGR of 5.5%. The segment is stated to account for more than US$ 900 Mn by the end of 2026. The wraps/rolls segment is estimated to create an incremental opportunity of close to US$ 400 Mn and expand 1.7X between 2016 and 2026.
Rapid growth of the retail sector and increase in food delivery services are factors likely to fuel the growth of the wraps/rolls segment
It has been observed that the number of retail outlets such as supermarkets, hyper markets and local stores has increased across the globe over the past few years. The changing lifestyle of people and rapid urbanisation are responsible for the significant growth of the retail and FMCG sector in emerging economies such as the Asia Pacific. Increasing per capita disposable income further helps in boosting the retail sector growth across the globe. All these factors are expected to make a positive impact on the consumption of food products that require wrap/rolls packaging, thus appreciably increasing demand in the wraps/rolls segment over the forecasted period. Shelf life is a crucial decisive factor for end users while selecting packaging films and corresponding compatible equipment. Wraps/rolls packaging enables micro perforated films packaging producers, co-packers and retailers to extend the shelf life of fruits and vegetables, bakery and confectionary, frozen food and ready-to-eat food, and creates ample opportunities for industries to amplify the market share. Micro perforated films also render a visual appeal to the products, which in turn attracts customers. Even a small increase in shelf life, specifically in meat products, is a valuable proposition for engaged industry participants and creates a substantial opportunity for companies to enhance their market footprint, which in turn is likely to fuel the growth of the wraps/rolls segment.
Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2114
Demand for packaged food and beverages has been on the rise owing to consumers getting attracted to features such as portability, single handed use and easy opening property of the product. The use of micro perforated films, which are considered as an economical and convenient method of packaging is expected to grow rapidly over the forecast period owing to customer convenience. Consumers are mainly preferring wraps for packaging as they can be easily opened and closed, which is convenient when it comes to ready-to-eat food and bakery products. This factor is expected to create a positive impact on the wraps/rolls segment over the projected period. Over the past few years consumers are preferring more ready-to-eat and takeaway food, owing to changes in their lifestyle, increase in per capita disposable income and rapid urbanisation in emerging economies. In addition, habits of food consumption of customers have changed rapidly owing to corporate work culture and industrialisation. These changes are observed in emerging economies where more number of food outlets and online food delivery services have mushroomed over the years. Consumers prefer their food products to stay hygienic for a longer period of time; as a result, there is a rising demand for wraps/rolls.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-2114
micro perforated films for packaging market
Wrap/rolls segment is anticipated to register the highest CAGR in the APEJ micro perforated films for packaging market during the period of assessment
In Latin America, the wraps/rolls segment is expected to be valued in excess of US$ 50 Mn in 2017, expanding at a CAGR of 5.6% over the predicted period. In the APEJ regional market, the segment is estimated to expand at 5.9% CAGR and is likely to account for more than US$ 120 Mn in 2017. In Japan, the segment is anticipated to grab close to 50% market share during 2016-2026. The wraps/rolls segment has better potential during the forecast period in the MEA micro perforated films for packaging market and it is likely to reach more than US$ 60 Mn by the end of 2026.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Micro Perforated Films For Packaging Market to Grow at a CAGR of 5.3% by 2026 here
News-ID: 573901 • Views: 602
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small