A recent market intelligence report that is published by Data Insights Partner on the global Micro Perforation Films for Packaging Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Micro Perforation Films for Packaging Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Micro Perforation Films for Packaging Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Micro Perforation Films for Packaging Market is offered. In accordance with the report, the global Micro Perforation Films for Packaging Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
It was observed that the number of retail outlets such as supermarkets, hyper market and local stores have increased over the past few years. The retail and FMCG sector in the emerging economies over the globe are expected to grow significantly owing to the changes in lifestyle and urbanization The retail sector in Asia Pacific is flourishing, mainly due to changing lifestyle coupled with increasing per capita disposable income of consumers in this region. This emerging cluster of the globe is also witnessing rapid urbanization. . All these factors are expected to make a positive impact on the consumption of food products which require micro perforated films packaging, thus appreciably increasing demand for micro perforated films packaging over the forecasted period.
Ø It is expected to increase at an impressive CAGR of 5.9% by 2019.
Primary packaging is defined as the layer of packaging in immediate contact with the packaged product. Main function of primary packaging is to protect and preserve the product from any sort of damage and contamination. Micro perforated films packaging provides all the properties needed for primary packaging such as lightweight, high performance, high barrier, low contamination, and keeps the product completely sealed off from the environment. Such packaging is also easy to handle. Demand for consumer product is high and is projected to reflect Y-o-Y of around 5.2% over the following five years, largely contributed by increasing demand from consumers in developing countries. This in turn is expected to have a positive effective on demand for micro perforated films for packaging.
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Concerns regarding convenience, hygiene and food safety among consumers is increasing for packaging industry across the globe. Even the government regulations are making an impact on the food manufacturers to consider high standard and quality while packaging the product. Faster deterioration of food product is the main concern for this industry, which can be control to some extent from these micro perforated films. As a result the micro perforated films are gaining demand as an option of food packaging.
Demand for packaged food and beverages have seen an inclination owing to consumers getting attracted due to features such as portability, single handed use and easy opening property of the product. Micro perforated films which is considered as economical and convenient method of packaging is expected to grow rapidly owing to customer convenience over the forecasted period. Consumers are mainly preferring pouches and wraps for packaging as they can be easily opened and closed, which are convenient for ready to eat food and bakery products.
Micro perforated films have issues related to its ability to stretch, which makes it very fragile to handle. Consumers prefer packaging products which are easy to handle. Micro perforated films also lead to concerns regarding the quality of the products inside, especially during wet handling of the packages, as they allow some microbes inside the film, leading to contamination of the food product
Rapid growth and technological advancement of emerging economies creates ample opportunities for micro perforated films manufacturers to penetrate in these potentially remunerative market. Over the past few years highly populated emerging economies such as China, India, Thailand, Indonesia, etc. are implementing new technological advancement owing to demand for micro perforated films, a type of flexible packaging. In addition, the industrialization and R&D of micro perforated film are expected to grow significantly over the forecast period. MNCs are also collaborating with local players in order to make a strong presence in these emerging economies. Change in food consumption habits owing to increase in per capita disposable income have encouraged packaging companies to innovate and create more opportunities to grow in this market.
Major players in micro perforated film packaging are focusing on manufacturing bio degradable plastics. Uflex Ltd. which is one of the key player for manufacturing of micro perforated films, collaborated with Perfotec B.V. are grasping the opportunities for bio degradable films by the brand name “Flexfresh”. It controls the level of bacteria inside the films after packaging by using naturally producing CO2. Bolloro Films, a subsidiary of Bollore Group are also capturing the opportunities for biodegradable films in micro perforation and are expected to have significant growth over the forecasted period. Use of synthetic biodegradable resins for production of packaging films can offer lucrative sustainable solutions, due to reduced dependency on fossil fuel. Materials such as Polylactic acid (PLA), Polyhydroxyalkanoate (PHA), cellulose or starch-based materials can offer new functionalities such as compostability and biodegradability
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This market intelligence report on the global Micro Perforation Films for Packaging Market encompasses market segments based on material type, packaging type , technology type ,application and country.
By Material Type the global Micro Perforation Films for Packaging Market has been divided into:
By Packaging Type the global Micro Perforation Films for Packaging Market has been divided into:
By Technology Type the global Micro Perforation Films for Packaging Market has been divided into:
- Mechanical Perforation
- Laser Perforation
By Application the global Micro Perforation Films for Packaging Market has been divided into:
- Ready To Eat Food
- Bakery & confectionary
- Frozen food
- Fresh fruits & vegetables
- Other food
- Flower packaging
By country/region, the global Micro Perforation Films for Packaging Market has been divided into:
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
- A-ROO Company LLC
- Now Plastics
- Helion Industries
- LaserSharp FlexPak Services LLC
- Ultraperf Technologies Inc.
- Ajover S.A.S.
- Amcor plc
- LINPAC Plastics Ltd
- Sealed Air
- Bolloré Group
- Degradable polythene bag specialists
- Specialty Polyfilms Pvt. Ltd.
- Intertape Polymer Group
- SATYAM INDUSTRIES
- LC Packaging, Multivac
- Thermo-Pack Kunststoff-Folien GmbH
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Micro Perforation Films for Packaging Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Micro Perforation Films for Packaging Market, size of the market (US$ Mn ), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Micro Perforation Films for Packaging Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Micro Perforation Films caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Micro Perforation Films for Packaging Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Micro Perforation Films for Packaging Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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