Perforated Packaging Film Market by Technology and Geography - Forecast and Analysis 2022-2026

The perforated packaging film market share is expected to increase to USD 665.78 million from 2021 to 2026, at a CAGR of 5.1%.

This perforated packaging film market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the perforated packaging film market segmentation by technology (laser perforation and needle perforation) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The perforated packaging film market report also offers information on several market vendors, including 3M Co., Aera SA, Amcor Plc, Amerplast Ltd., Bagla Group, Berry Global Group Inc., Bollore SE, Dunia Pack s.r.l, DUO PLAST AG, Helion Industries, Mega Plast Industrial - Exporting S.A, Mima Films, Mondi plc, NG PLASTICS LTD., NORDFOLIEN GMBH, NOW Plastics Inc., Sealed Air Corp., TCL Packaging, Transcontinental Inc., and UFlex Ltd. among others.

What will the Perforated Packaging Film Market Size be During the Forecast Period?

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Perforated Packaging Film Market: Key Drivers, Trends, and Challenges

The growing european imports of frozen foods is notably driving the perforated packaging film market growth, although factors such as the volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the perforated packaging film industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Perforated Packaging Film Market Driver

• One of the key factors driving growth in the perforated packaging film market is the growing European imports of frozen foods.
• The global frozen food market is expected to reach around $400 billion in 2026. Europe contributed to around 35% of the growth of the global frozen food market in 2021.
• The European frozen food import from developing countries and among the European countries has been increasing since 2010.
• The growing frozen food import in Europe is expected to increase the demand for perforated packaging in the developing countries as well as in European countries as perforated packaging enables an extended product shelf life. For example, by packing fruits such as blackberries, blueberries, and cranberries in perforated packaging films, producers can extend the shelf life by 4-6 days.
• The extended shelf life, in turn, helps the frozen food producers minimize the risk of product spoilage, thereby reducing the possibility of food wastage. Hence, the overall requirements for perforated packaging films are expected to increase in European countries.

Key Perforated Packaging Film Market Trend

• The growing confectionary market in North America is a perforated packaging film market trend that is expected to have a positive impact in the coming years.
• The confectionery market in North America was valued at around $61.37 billion in 2021.
• The vendors in the market are diversifying their portfolios depending on the changing consumer trend.
• The confectionery manufacturers in the US are focusing on merger and acquisition activities to attain more market share. The growth of the confectionery market in the US is expected to increase the demand for micro-perforated PP packaging films as these are the commonly used films for packing bread, cakes, and sandwiches.
• The perforated packaging film vendors in the confectionery market in the US are expected to witness a rise in the demand for customized perforated packaging films.

Key Perforated Packaging Film Market Challenge

• The volatility in raw material prices will be a major challenge for the perforated packaging film market during the forecast period.
• The cost of the raw materials used in packaging solutions is one of the major factors that determine the cost of the end products.
• Polypropylene (PP), low-density polyethylene (LDPE), biaxially-oriented polypropylene (BOPP), and biaxially-oriented polyethylene terephthalate (BOPET) are the commonly used perforated films.
• The raw materials required for these films are polymers. Hence, they are exposed to the risk of price volatility due to the supply and demand gap in the crude oil sector across the globe.
• The fluctuation in the raw material price will have an adverse impact on the vendors of perforated films as it increases their operating expenses.
• The vendors of perforated packaging films can transfer the cost burden to the end-users only to a certain extent as they need to retain their customer base.

This perforated packaging film market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global perforated packaging film market as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the perforated packaging film market during the forecast period.

Who are the Major Perforated Packaging Film Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 3M Co.
• Aera SA
• Amcor Plc
• Amerplast Ltd.
• Bagla Group
• Berry Global Group Inc.
• Bollore SE
• Dunia Pack s.r.l
• DUO PLAST AG
• Helion Industries
• Mega Plast Industrial - Exporting S.A
• Mima Films
• Mondi plc
• NG PLASTICS LTD.
• NORDFOLIEN GMBH
• NOW Plastics Inc.
• Sealed Air Corp.
• TCL Packaging
• Transcontinental Inc.
• UFlex Ltd.

 

This statistical study of the perforated packaging film market encompasses successful business strategies deployed by the key vendors. The perforated packaging film market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• aera-sa.fr - The company offers microperforated film which allows air to circulate between the product and the external environment and prevents the buildup of vapor inside the packaging.

• aera-sa.fr - Under the unified segment, the company offers machinery for the packaging industry, packaging films, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The perforated packaging film market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Perforated Packaging Film Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the perforated packaging film market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Perforated Packaging Film Market?

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48% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for perforated packaging film in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The exponential population growth, increasing goods consumption by the middle-class population, and the rise of m-commerce and e-commerce will facilitate the perforated packaging film market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic has adversely affected the growth of several end-use industries, including food and beverage. However, in 2021, easing of lockdown restrictions owing to large-scale vaccination drives in different countries in APAC, including India, Japan, China, and others, resulted in the resumptions of the operations across food, and meat processing industries, leading to increased demand for perforated film packaging in this region, which, in turn, will continue to propel the growth of perforated film packaging in APAC during the forecast period.

What are the Revenue-generating Technology Segments in the Perforated Packaging Film Market?

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The perforated packaging film market share growth by the laser perforation segment will be significant during the forecast period. More advanced and cost-effective laser perforation technologies are expected to hit the market during the forecast period. For instance, research on Q-switched lasers and ultrafast lasers is going on in the market. In Q-switched lasers, an electro-optic gating device is placed in the path of the laser beam so that the device can reflect the laser beam back into the laser resonator, thereby increasing the stored laser energy.

This report provides an accurate prediction of the contribution of all the segments to the growth of the perforated packaging film market size and actionable market insights on post COVID-19 impact on each segment.

 

Perforated Packaging Film Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 5.1%
Market growth 2022-2026	$ 665.78 million
Market structure	Fragmented
YoY growth (%)	5.65
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 48%
Key consumer countries	US, China, India, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., Aera SA, Amcor Plc, Amerplast Ltd., Bagla Group, Berry Global Group Inc., Bollore SE, Dunia Pack s.r.l, DUO PLAST AG, Helion Industries, Mega Plast Industrial - Exporting S.A, Mima Films, Mondi plc, NG PLASTICS LTD., NORDFOLIEN GMBH, NOW Plastics Inc., Sealed Air Corp., TCL Packaging, Transcontinental Inc., and UFlex Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Perforated Packaging Film Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive perforated packaging film market growth during the next five years
• Precise estimation of the perforated packaging film market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the perforated packaging film industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of perforated packaging film market vendors

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