Feb 22, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Micro-Perforated Films Market.
It was estimated prior to this unanticipated outbreak that the 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.
For a more detailed breakdown of the COVID-19 impact on the Micro-Perforated Films Market, request a free sample of the report here:
Micro-Perforated Films are covering films that are used to cover up packages in such a way that no air is accumulated in it. This type of packaging is done in order to keep in the ingredients inside the package fresh.
Micro-Perforated Films are made up of different materials such as PE, PP, PET, and others. Fresh fruits, vegetables, bakery, ready-to-eat food items, and similar others are the application areas where micro-perforated films are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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.
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 operating in the global Micro-Perforated Films market 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
- SPecialty Polyfilms Pvt. Ltd
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Micro-Perforated Films analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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