Micro-Perforated Films Market to offer a healthy CAGR of 5.2% during 2020-25
February 11, 2020
Micro-Perforated Films Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Micro-Perforated Films Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Micro-Perforated Films Market Segment Insights:
Material Type: PE, PP, PET, and others
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.
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Application Type: fresh fruits & vegetables, bakery & confectionary and others
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.
A highly/moderately/fragment consolidated Market
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.
Region: North America is expected to be the largest market
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.
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