GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET FORECAST 2019-2027

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GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET FORECAST 2019-2027

Micro-perforated food packaging is a type of perforated packaging that contains micro holes, which enable gas permeation to maintain the rate of respiration of food products. Micro-perforation involves the puncturing of packaging films with holes ranging from a diameter of 30 mm to 200 mm. This packaging offers various advantages including extended shelf life and moisture retention of the food products.

GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET FORECAST 2019-2027

Global Micro-perforated Food Packaging Market by Materials (Polyethylene (Pe), Polypropylene (Pp), Polyethylene Terephthalate (Pet), Others), by Applications (Fruits & Vegetables, Bakery & Confectionary, Ready-to-eat, Others)& by Geography.

Micro-perforated food packaging is a type of perforated packaging that contains micro holes, which enable gas permeation to maintain the rate of respiration of food products. Micro-perforation involves the puncturing of packaging films with holes ranging from a diameter of 30 mm to 200 mm. This packaging offers various advantages including extended shelf life and moisture retention of the food products.

The global micro-perforated food packaging market is anticipated to grow at a CAGR of 4.01% during the forecast period of 2019-2027. The base year considered for the study is 2018 and the estimated period is from 2019 to 2027. The key factors responsible for the market advancement are:

  • Steady growth of the vegetarian population
  • Micro-perforations for major improvements in shelf-life of products
  • Packaging of products can help reduce wastage of food
  • Downsizing of packaging

However, the market is primarily driven by the use of micro-perforations packaging for major improvements in the shelf-life of products. Food waste in the western world is high, with up to 40% of all fresh produce discarded. For companies in the value chain it is a significant cost factor, for consumers who are effectively spending their money are effectively reducing their purchasing power, and for governments, it raises concerns how to continue feeding the world’s population. Therefore, a new system of micro-perforation packaging that has been developed to combat food waste that cites impressive results, maintaining optimal product quality while attaining longer shelf-life. Fruit and vegetables need oxygen to stay fresh, but the respiration rate of produce varies by season, region and variety making the design of packaging material a challenge.

In terms of application, fruits & vegetable segment leads the market in terms of revenue with around XX% market share in 2018. Micro-perforated packaging has emerged as a popular option with the increasing global demand to extend the shelf life of fruits & vegetables. The application of micro-perforated packaging materials helps maintain fruits & vegetables fresh during transportation, including sea voyages. Micro-perforated packaging is also considered as an ideal solution to preserve and protect products during instances of delayed transport. The industry has witnessed a soaring demand for micro-perforated packaging materials in the form of films and laminates for the packaging of a wide variety of fruits & vegetables. This growth is backed by increased consumption of fruits such as bananas, mangoes and other citrus fruits and vegetables such as potatoes, onions and tomatoes.

As the use of micro-perforated food packaging is growing rapidly, it will also have some hindrances associated with it. Few of them are alternatives for micro-perforated food packaging, stringent environmental regulations related to plastic manufacturing, issues related to the recyclability of materials used in micro-perforated packaging, rising cost of packaging & growing awareness about sustainable packaging.

Many alternatives for perishable food packaging are available in the market to achieve extended shelf life and maintain the moisture levels. Some such alternatives include macro-perforation food packaging and modified atmosphere packaging (MAP). These types of food packaging offer characteristics similar to those of micro-perforated packaging and also have very similar product specifications.

The macro-perforated food packaging includes approximately 12 perforations per inch with a hole diameter greater than 200 mm, wherein micro-perforation includes 30 perforations per inch with a hole diameter of less than 200 mm. Macro-perforation packaging offers similar benefits as those offered by micro-perforated food packaging including optimal CO2 concentration and relative humidity (RH) levels.

The report on global micro-perforated food packaging includes segmentation based on materials & applications. The Segments are further sub-segmented into:

Materials is sub-segmented into:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene terephthalate (PET)
  • Others

Applications is sub-segmented into:

  • Fruits & vegetables
  • Bakery & confectionary
  • Ready-to-eat
  • Others

This report covers the present market conditions and the growth prospects of the global micro-perforated food packaging market for the forecast period of 2019-2027. The report considered the revenue generated through the sales of micro-perforated food packaging for types, as to calculate the market size by considering 2018 as the base year.

Geographically, the global micro-perforated food packaging market has been segmented on the basis of four major regions, which includes:

The regional structure of global micro-perforated food packaging market is dominated by North America region by capturing the largest market share in terms of revenue of XX% in the year 2018. In North America, an important factor that has encouraged manufacturers of micro-perforated packaging materials is the abundant availability of raw materials such as PE and PP. Also, key players in the plastics industry in this region have focused on capacity expansions with regard to the production of polymeric raw materials. The North America micro-perforated food packaging industry is driven by the growing demand for lightweight packaging solutions for the packaging of food products, which is complemented by consumer life trends that have necessitated convenience in packaging products to facilitate portability of products.

On the flip side, Asia Pacific region is expected to surge with the fastest growth rate during the forecasted period. Asia Pacific’s grocery retail industry has been boosted by rising population and a dramatic increase in spending power of the consumer. In addition, many large retailers in this region have enjoyed considerable growth through expansions despite facing increased rivalry in more developed countries. While countries such as India, Japan, and India have emerged as the frontrunners in the food packaging industry in the Asia Pacific, countries such as Singapore and Thailand have played a key role in the consumption of packaging products including micro-perforated food packaging materials. As these are not agricultural countries, approximately 95% of the fresh fruits and vegetables in these countries are imported from different countries including Australia, China, Malaysia, the U.S, Indonesia, and New Zealand. The fruits that are typically imported by these countries include apples, stone fruits, pears, strawberries, blueberries, raspberries, and cherries.

The global micro-perforated food packaging includes segmentation on the basis of materials & applications. The materials segment is sub-segmented into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET) & others. The applications segment is sub-segmented into fruits & vegetables, bakery & confectionary, ready-to-eat & others.

The market has a number of players, and some of the key players involved in the global micro-perforated food packaging market are:

  • Sealed Air Corporation
  • Coveris Management GMBH
  • Amcor Limited
  • Mondi Plc
  • KM Packaging Services Ltd.

Company profiles of the prominent market players are discussed in detail. In October 2018, Sealed Air Corporation announced it had signed a sales and marketing agreement with Cubiscan. Under the terms of the agreement, both companies will collaborate to expand the markets for each other’s products and services. Sealed Air Corporation had further expanded its solutions portfolio and design capabilities with the acquisition of AFP, Inc., a leading, privately held fabricator of foam, corrugated, molded pulp and wood packaging solutions. Also, in September 2018, Amcor, a global leader in high-quality, flexible packaging solutions, had announced plans to invest more than $25 million to upgrade its Madison facilities starting in 2018 and into 2019 to expand capacity, improve quality and reduce waste while updating technology. Amcor Limited and Bemis Company, Inc. announced that their respective Boards of Directors have unanimously approved a definitive agreement under which Amcor will acquire Bemis in an all-stock combination.

Key findings of the Global Micro-Perforated Food Packaging Market:

  • The products of fruits & vegetables are major applications of micro-perforated food packaging and are largely traded through retail chains
  • Usage of micro-perforations for major improvements in shelf-life of products
  • New technological developments in micro-perforations packaging for major improvements in shelf-life of products
  • Issues related to the recyclability of plastic material is posing a big challenge in its adoption on a large scale
  • The cost of packaging is rising & the cost is passed to the consumer
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • INCREASE IN DEMAND FOR PACKAGING FROM END USERS
      • DESIGNS FOR SMALLER HOUSEHOLDS AND TECHNOLOGIES THAT EXTEND SHELF LIFE OF PRODUCTS
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWTH OF VEGETARIAN POPULATION
      • NEW TECHNOLOGICAL DEVELOPMENTS IN MICRO-PERFORATIONS PACKAGING FOR MAJOR IMPROVEMENTS IN SHELF-LIFE OF PRODUCTS
    • MARKET RESTRAINTS
      • ALTERNATIVES FOR MICRO-PERFORATED FOOD PACKAGING
      • STRINGENT ENVIRONMENTAL REGULATIONS RELATED TO PLASTIC MANUFACTURING
    • MARKET OPPORTUNITIES
      • PACKAGING OF PRODUCTS CAN HELP REDUCE WASTAGE OF FOOD
      • DOWNSIZING OF PACKAGING
    • MARKET CHALLENGES
      • ISSUES RELATED TO RECYCLABILITY OF MATERIALS USED IN MICRO PERFORATED PACKAGING
      • RISING COST OF PACKAGING
      • GROWING AWARENESS ABOUT SUSTAINABLE PACKAGING
  1. MARKET BY MATERIALS
    • POLYETHYLENE (PE)
    • POLYPROPYLENE (PP)
    • POLYETHYLENE TEREPHTHALATE (PET)
    • OTHERS
  2. MARKET BY APPLICATIONS
    • FRUITS & VEGETABLES
    • BAKERY & CONFECTIONARY
    • READY-TO-EAT
    • OTHERS
  3. KEY ANALYTICS
    • PORTERS FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • ITALY
      • RUSSIA
      • SPAIN
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILES
      • SEALED AIR CORPORATION
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • COVERIS MANAGEMENT GMBH
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • AMCOR LIMITED
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • MONDI PLC
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • ULTRAPERF TECHNOLOGIES Inc.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • KM PACKAGING SERVICES LTD.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • BOLLORÉ GROUP
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • TCL PACKAGING
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • AMERPLAST
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • UFLEX LTD.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS

LIST OF TABLES

TABLE 1. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY MATERIALS, 2019-2027, (IN $ MILLION)

TABLE 3. GLOBAL POLYETHYLENE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4. GLOBAL POLYPROPYLENE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5. GLOBAL POLYETHYLENE TEREPHTHALATE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6. GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY APPLICATIONS, 2019-2027, (IN $ MILLION)

TABLE 8. GLOBAL FRUITS & VEGETABLES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9. GLOBAL BAKERY & CONFECTIONARY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10. GLOBAL READY-TO-EAT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11. GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12. OPPORTUNITY MATRIX

TABLE 13. VENDOR LANDSCAPE

TABLE 14. LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 15. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 16. NORTH AMERICA MICRO-PERFORATED FOOD PACKAGING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 17. EUROPE MICRO-PERFORATED FOOD PACKAGING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 18. ASIA PACIFIC MICRO-PERFORATED FOOD PACKAGING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 19. REST OF WORLD MICRO-PERFORATED FOOD PACKAGING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

 

LIST OF FIGURES

FIGURE 1. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY APPLICATIONS, 2018 & 2027 (IN %)

FIGURE 2. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY POLYETHYLENE, 2019-2027 (IN $ MILLION)

FIGURE 3. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY POLYPROPYLENE, 2019-2027 (IN $ MILLION)

FIGURE 4. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY POLYETHYLENE TEREPHTHALATE, 2019-2027 (IN $ MILLION)

FIGURE 5. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 6. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY FRUITS & VEGETABLES, 2019-2027 (IN $ MILLION)

FIGURE 7. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY BAKERY & CONFECTIONARY, 2019-2027 (IN $ MILLION)

FIGURE 8. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY READY-TO-EAT, 2019-2027 (IN $ MILLION)

FIGURE 9. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 10. PORTER’S FIVE FORCE ANALYSIS

FIGURE 11. GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 12. UNITED STATES MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 13. CANADA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14. UNITED KINGDOM MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15. FRANCE MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16. ITALY MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17. RUSSIA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18. SPAIN MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19. GERMANY MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20. REST OF EUROPE MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21. CHINA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22. INDIA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23. JAPAN MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24. AUSTRALIA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25. SOUTH KOREA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26. REST OF ASIA PACIFIC MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27. LATIN AMERICA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28. MIDDLE EAST & AFRICA MICRO-PERFORATED FOOD PACKAGING MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY MATERIALS
    • POLYETHYLENE (PE)
    • POLYPROPYLENE (PP)
    • POLYETHYLENE TEREPHTHALATE (PET)
    • OTHERS
  2. MARKET BY APPLICATIONS
    • FRUITS & VEGETABLES
    • BAKERY & CONFECTIONARY
    • READY-TO-EAT
    • OTHERS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • ITALY
      • RUSSIA
      • SPAIN
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
      • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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