Perforated packaging refers to packaging materials that have small holes or perforations in them. These holes allow for air to flow through the packaging, which can help to keep the product inside fresh and prevent the growth of bacteria or mold. Perforated packaging is commonly used for packaging products such as fresh produce, bakery items, and meat.
According to Future Market Insights, the perforated packaging market is expected to flourish at a CAGR of 5% from 2022 to 2032. By the end of the current financial year, demand for perforated packaging is poised to be valued at US$ 24.8 Billion. As per the study, the industry is projected to ultimately total a valuation of US$ 40.39 Billion by 2032.
The perforated packaging market is expected to experience significant growth in the coming years, driven by factors such as increasing demand for sustainable packaging solutions, rising awareness about food safety and hygiene, and growing demand for convenience and ease of use. The market is also expected to be driven by the increasing use of perforated packaging in the e-commerce and retail sectors, as these materials provide an effective and cost-efficient solution for packaging and shipping products.
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Perforated Packaging Market- Market Dynamics
Perforated packaging market has reflected vertical upward growth over past three years, on the backdrop of upsurge processed and packaged food demand approximately 30%, 40% and 80% in Europe, India, and the US respectively. The demand for processed and packaged food can be attributed to rapidly changing lifestyle, urbanization as well as increasing disposable income among the middle-class families.
Moreover, other high impact drivers for the growth of perforated packaging market are increasing the number of modern retail format and the use of e-commerce for procuring consumable items. The global growth rate for modern retail format and e-commerce is anticipated to be around 5% and 8% respectively.
The need of protecting the fresh produce, to have effective packaging and to increase the shelf life of the product is also fuelling the perforated packaging market. There are few constraints such as the inability of perforated packaging to protect its product efficiently from the chemicals and physical damages.
Despite all the advantages, the perforated packaging is unable to compete with modified atmospheric packaging options, for increasing the lifespan of the product. Though, the low-cost characteristic of perforated packaging is likely to drive global perforated packaging market on a vertical upward growth trajectory.
Perforated Packaging Market – Key Players
Some key players in the perforated packaging market are Amcor Limited, Now Plastics, Helion Industries, Amerplast, ULTRAPERF, Ajover S.A., A-ROO Company LLC, 3M Company, LaserSharp FlexPak Services,
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Perforated Packaging Market- Market Segmentation
The perforated packaging market can be segmented by the size of the perforation, material used, the product formed, manufacturing technology used and application.
Based on the Perforation size the perforated packaging market can be segmented into:
- Micro perforation
- Macro perforation
Based on the use of material the perforated packaging market can be segmented into:
- Low-density polyethylene
- Polypropylene
- Perforated tarpaulin
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Based on the product formed the perforated packaging market can be segmented into:
- Woven sacks bags
- Liner bags
- Bopp film
- Anti-bacterial BOPP film
Based on the manufacturing technology used the perforated packaging market can be segmented into:
- Laser perforated films
- Punched hole films
Based on the application, the perforated packaging market can be segmented into:
- Bakery & Confectionery Products
- Produce grain
- Produce vegetable
- Produce fruits
- Dried fruits
- Other food products
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