Micro-Perforated Films Market to experience an impressive growth of 5.2% during 2020-2025
January 27, 2020
Micro-Perforated Films Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increasing demand for micro-perforated films by end-use industries for convenient-packaged food drives the market globally.
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Micro-Perforated Films Market Segment Insights:
By Material Type:
Based on the material type, the market is segmented as PE, PP, PET, and others. The PE segment dominated the market in 2018. It is also estimated to have the highest growth in the coming five years, owing to its exceptional properties, such as economical price and easy recyclability.
By Application Type:
Based on the application type, the market is segmented as fresh fruits & vegetables, bakery & confectionary, ready-to-eat-food, and others. The fresh fruits & vegetables segment led the market in 2018, and is also expected to have the fastest growth during the forecast period. The growth is due to the changing lifestyles and convenience for packaged and ready-to eat food.
By Region:
In terms of regions, North America is expected to be the largest market for micro-perforated films in the coming five years. The market is driven by the growing use of packaged food and the presence of micro-perforated film manufacturers in the region. Europe and Asia-Pacific are also likely to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the micro-perforated film manufacturers are Tcl Packaging, Coveris Holdings, Korozo Ambalaj San.Ve Tic A.S., Helion Industries, Darnel Inc., A-Roo Company LLC, Lasersharp Flexpak Services, NG Plastics Limited, and SPecialty Polyfilms Pvt. Ltd.
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