Micro-Perforated Films Companies | Forecast by 2034
Published: 26 Sep 2024
Author: Precedence Research
Micro-Perforated Films Market Growth, Trends and Report Highlights
The global micro-perforated films market size reached USD 1.82 billion in 2023 and is predicted to surpass around USD 2.96 billion by 2034, at a 4.53% CAGR from 2024 to 2034. The rising demand from many industries, increased awareness of food quality and safety, advanced technologies, increased eCommerce, eco-friendly and sustainability solutions, etc. driving the growth of the market.
Market Overview
The micro-perforated films market refers to buyers and sellers of micro-perforated films with tiny holes or perforations allowing air permeation and moisture exchange. The properties of micro-perforated films include higher elasticity and good memory, better organoleptic properties without loss of nutrition content, 100% recyclable and eco-friendly, odorless, excellent breathability, odorless resistance to extreme cold, Bisphenol A (BPA) free, high optical transparency, optimum cling, etc. The applications of micro-perforated films include cheese wrapping, poultry wrapping, fruit wrapping, mushroom wrapping, broccoli wrapping, meat tray overwrapping, etc., helping the market’s growth.
Micro-Perforated Films Market Trends
- Eliminated food waste: The elimination of food waste can occur due to the use of micro-perforated films due to their beneficial properties.
- Rising demand for fresh products: The rising demand for fresh products leads to demand for micro-perforated films, which contributes to the growth of the micro-perforated films market.
Advanced technologies driving the market
The micro-perforated film machines use advanced technologies like needle systems, mechanical punching, or lasers to achieve consistent and accurate micro-perforated patterns with diameters ranging from micrometers to millimeters. The advanced technology of micro-perforated films is known for its cost efficiency, precision, and high speed. Constant advancement in film manufacturing techniques may enhance the effectiveness and functionality of micro-perforated films that drive the micro-perforated films market.
- However, the disadvantages of micro-perforated films include quality control (QC); QC can include additional expenses, a high degree of wasted material, cost production increases, requires a lot of resources, etc., which can hamper the growth of the micro-perforated films market.
Top Companies in the Micro-Perforated Films Market
- Winpack Ltd.
- UPM-Kymmene Corporation
- Sonoco Products Company
- Siegwerk Druckfarben AG & Co., KGaA
- Sealed Air Corporation
- ProAmpac
- Polyplex Corporation Limited
- Mondi Plc
- Innovia Films
- Futamura Chemical Co., Ltd.
- Exxon Mobil Corporation
- DePont de Numors, Inc.
- Coveris Holdings S.A.
- Constantia Flexibles Group GmbH
- Bemis Company, Inc.
- Amcor plc
- Penguin Plastics
- Aera
- Hellion Industries
- Bollore Group
- Jiangyin Bairuijiya Plastics Science & Technology Co., Ltd.
- NORDFOLIEN GmbH
- Covering Holdings SA
- Darnel Group
- KOROZO
- TCL Packaging Limited
Recent Development in the Micro-Perforated Films Market by Avery Dennison
| Company Name | Avery Dennison |
| Headquarters | Mentor, Ohio, United States. |
| Development | In August 2023, at Labelexpo Europe 2023, two new decorative linerless solutions, pressure-sensitive labels, and developments in connected packaging, which is a micro-perforated technology launched by Avery Dennison. It is helpful for traceability and reduced environmental impact. |
Recent Development in the Micro-Perforated Films Market by Specialty Polyfilms
| Company Name | Specialty Polyfilms |
| Headquarters | Waluj, Chhatrapati Sambhajinager, Maharashtra. |
| Development | In August 2024, Specialty Polyfilms announced that they would participate in the Global Produce and Floral Show held in Atlanta, GA. Specialty Polyfilms is a team member of the International Fresh Produce Association, and it welcomes all Fresh Produce and Foodservice industry stakeholders to visit its booth C1501 in the business solution sections. Team members will demonstrate the distinguished attributes of Forvara Foodservice Films, Forvara Cheese Wrapping Films, Forvara Mushroom Films, and Forvara Fresh Produce Films from October 17-19, 2024. Forvara Mushroom Films is available in boreholes and micro-perforated options and helps to improve the shelf life of mushrooms. |
Regional Insights
North America is estimated to be the fastest-growing during the forecast period of 2024-2034. The U.S. is the leading country in North America for the growth of the market. The U.S. market benefits from the potential of micro-perforated films for reducing food waste and meeting the consumer's preferences for long-lasting and fresh products. The growth of the market in North America includes many factors like increased awareness of food quality and safety, end-use industries increased demand, increased focus on sustainable packaging solutions, increased demand for extended shelf life in perishable products, the country’s strong economy, and advanced technologies.
- In February 2024, to launch the first all-polyethylene (PE) spouted pouch, Amcor collaborated with yogurt maker Stonyfield Organic and Cheer Pack North America. It provides more sustainability options without compromising on performance.
Asia Pacific dominated the micro-perforated films market in 2023. In the Asia Pacific region, there are many micro-perforated film producers are located. Additionally, advanced technologies, customization, eCommerce growth, regulatory changes, and eco-friendly and sustainable solutions for micro-perforated films contributed to the growth of the micro-perforated films market. Because of high application demand from countries like India, Japan, and China, the market for micro-perforated films is increasing.
- In May 2024, the waste management drive ‘Clean Bhiwandi Green Bhiwandi’ campaign to transform the city’s environment with a major cleanliness initiative was launched by one of the leading global providers of printing inks and coatings for packaging labels and applications Siegwerk Druckfarben AG & Co., KGaA.
Micro-Perforated Films Market Highlights
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 1.90 Billion |
| Market Revenue by 2034 | USD 2.96 Billion |
| CAGR | 5.82% |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Market Opportunity and Growth Potential
Increase in eCommerce and ecofriendly and biodegradable solutions
The increase in eCommerce and the increase in online shopping increased the adoption of micro-perforated films for packaging as consumers prefer fresh products at the time of transport. Industrial key players are constantly developing micro-perforated films due to environmental concerns. The benefits of biodegradable micro-perforated films include convenient disposal, reduced footprint, lower production costs, free toxins, and allergens, etc., contributing to the growth of the micro-perforated films market in the future.
Micro-Perforated Films Market News
- In September 2024, a leader in packaging and material science, ProAmpac, will showcase its new sustainable packaging solutions from September 24-26 at FACHPACK 2024in Nuremberg, Germany. ProAmpac will present modern offerings like ProActive Recyclable RP-1050, ProActive Recyclable FibreSculpt, and ProActive Intelligence Moisture Protect MP-1000, along with an RPA Packaging Line of fiber-based ready-made food solutions.
- In September 2024, according to a report, PerfoTec Liners Bags, which are laser micro-perforated bags, extended the shelf life of a banana by 3 weeks compared to traditional banana packaging.
Market Segmentation
By Material
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Others
By Application
- Fresh Fruits & Vegetables
- Bakery & Confectionary
- Ready To Eat Food
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
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