The perforated packaging market is anticipated to grow at a CAGR of 5% from 2022 to 2032, according to Future Market Insights. The market for perforated packaging is anticipated to reach a value of US$ 24.8 billion by the conclusion of the current fiscal year. The report estimates that by 2032, the industry would have a total market value of US$ 40.39 billion. The food and beverage sector has been developing quickly. Consumers may now purchase food items with more ease thanks to packaging innovation and various package sizes.
Although it is simpler for customers to choose from a variety of products, manufacturers and retail store owners are now concerned about the waste generated by food stores.
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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.
Market for Perforated Packaging – Regional Outlook
Latin America, Europe, North America, Asia-Pacific excluding Japan (APEJ), and the Middle East & Africa make up the regional perforated packaging market (MEA). The market for perforated packaging is anticipated to expand steadily between 2016 and 2024. Because processed meat and packaged foods are highly consumed in North America, the perforated packaging market is anticipated to grow rapidly throughout the forecast period.
Government initiatives that discourage the widespread use of plastics are expected to cause a slowdown in the demand for perforated packaging in Eastern and Western Europe. Due to the quickly altering regional lifestyle, the APEJ region is also anticipated to experience strong growth in the perforated packaging market throughout the forecast period.
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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,
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
Perforated Packaging Market- Market Segmentation
The perforated packaging market can be segmented by the size of the perforation, material used, the product formed, manufacturing technology used and application.
Based on the Perforation size the perforated packaging market can be segmented into:
- Micro perforation
- Macro perforation
Based on the use of material the perforated packaging market can be segmented into:
- Low-density polyethylene
- Polypropylene
- Perforated tarpaulin
Based on the product formed the perforated packaging market can be segmented into:
- Woven sacks bags
- Liner bags
- Bopp film
- Anti-bacterial BOPP film
Based on the manufacturing technology used the perforated packaging market can be segmented into:
- Laser perforated films
- Punched hole films
Based on the application, the perforated packaging market can be segmented into:
- Bakery & Confectionery Products
- Produce grain
- Produce vegetable
- Produce fruits
- Dried fruits
- Other food products
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