Perforated Packaging Film Market Size to Grow by USD 665.78 Mn, Growing European Imports of Frozen Foods to Boost Market Growth

NEW YORK, Nov. 15, 2022 /PRNewswire/ –The “Perforated Packaging Film Market by Technology (Laser perforation and Needle perforation) and Geography (APAC, North America, Europe, South Americaduck Middle East spirit Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the perforated packaging film market size between 2021 and 2026 is USD 665.78 million. To get the exact annual growth variance and the YOY growth rate, Request a FREE PDF Sample Report.

Technavio has announced its latest market research report titled Global Perforated Packaging Film Market 2022-2026

Key Market Dynamics

  • Market Driver: The growing European imports of frozen foods is driving the growth of the perforated packaging film market. The rising frozen food import in Europe is expected to increase the demand for perforated packaging in developing countries as well as in European countries. This helps frozen food producers minimize the risk of product spoilage, which reduces the possibility of food wastage. Hence, the overall need for perforated packaging films is expected to increase in European countries.

  • Market Challenge: The volatility in raw material prices will challenge the perforated packaging film market during the forecast period. The cost of raw materials used in packaging solutions determines the cost of end products. Polypropylene (PP), biaxially-oriented polypropylene (BOPP), low-density polyethylene (LDPE), and biaxially-oriented polyethylene terephthalate (BOPET) are the commonly used perforated films. Polymers are used as raw materials for these films. Hence, they are exposed to price volatility due to the supply-demand gap in the crude oil sector. This will have an adverse impact on the vendors of perforated films. The vendors can transfer the cost burden to end-users only to a certain extent.

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Market Segmentation

The laser perforation segment will be a significant contributor to market growth during the forecast period. Advanced and cost-effective laser perforation technologies are expected to enter the market during the forecast period. For instance, research on Q-switched lasers and ultrafast lasers is ongoing, where an electro-optic gating device is placed in the path of the laser beam so that it can reflect the laser beam back into the laser resonator.

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APAC will be the leading region with 48% of the market’s growth during the forecast period. China, Japanduck India are the key countries for the perforated packaging film market in APAC. The growth of this region is attributed to factors such as the increasing consumption of goods by the middle-class population, the exponential population growth, and the rise of m-commerce and e-commerce. Moreover, market growth in this region will be faster than the growth of the market in other regions.

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Some Companies Mentioned with their Offerings

  • Aera SA – The company offers a microperforated film, which allows air to circulate between the product and the external environment and prevents the buildup of vapor inside the packaging.

  • Amcor Plc – The company offers P Plus flexible lidding film, which extends shelf life and enhances shelf appeal with customized lidding films for fruits, vegetables, and salad kits.

  • Amerplast Ltd. – The company offers reclosability and laser perforation solutions for the packaging industry.

  • Helion Industries – The company offers a microperforation packaging solution, which provides a protective function against products that require the ability to breathe while still packaged.

  • Sealed Air Corp. – The company offers Cell Air lightweight polyethylene foam for packaging, which is a perforated film.

  • Bollore SE

  • Berry Global Group Inc.

  • 3M co.

  • Bagla Group

  • World Pack srl

  • DUO PLAST AG

  • Mega Plast Industrial – Exporting SA

  • Mima Films

  • Mondi plc

  • NG PLASTICS LTD.

  • NORDFOLIEN GMBH

  • NOW Plastics Inc.

  • TCL Packaging

  • Transcontinental Inc.

  • UFlex Ltd.

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Perforated Packaging Film Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.1%

Market growth 2022-2026

USD 665.78 million

Market structure

Fragmented

YoY growth (%)

5.65

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 48%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Aera SA, Amcor Plc, Amerplast Ltd., Bagla Group, Berry Global Group Inc., Bollore SE, Dunia Pack srl, DUO PLAST AG, Helion Industries, Mega Plast Industrial – Exporting SA, Mima Films, Mondi plc, NG PLASTICS LTD., NORDFOLIEN GMBH, NOW Plastics Inc., Sealed Air Corp., TCL Packaging, Transcontinental Inc., and UFlex Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

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Key Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Technology

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Perforated Packaging Film Market 2022-2026

Global Perforated Packaging Film Market 2022-2026

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