Dublin, Aug. 24, 2023 (GLOBE NEWSWIRE) -- The "Global Micro Perforated Films Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The global micro perforated films market is poised for substantial expansion, with a projected augmentation of USD 264.31 million during the forecast period from 2022 to 2027.
This growth is expected to accelerate at a robust Compound Annual Growth Rate (CAGR) of 4.78%. These insights are gleaned from a comprehensive report on the micro perforated films market, offering a holistic analysis of market trends, size, forecasts, growth drivers, challenges, and an in-depth vendor analysis encompassing approximately 25 prominent vendors.
The report furnishes a current analysis of the prevailing market landscape, offering insights into the latest trends, driving factors, and the overall market environment. The market's growth is propelled by the escalating demand for plastic films in meat packaging, a surging influx of frozen foods into the European market, and mounting regulatory measures to curb food wastage.
Market Segmentation:
The micro perforated films market is segmented as follows:
By Material:
- PE
- PP
- PET
- Others
By Application:
- Fresh fruits and vegetables
- Bakery and confectionary
- Ready to eat food
- Others
By Geographical Landscape:
- Asia-Pacific (APAC)
- North America
- Europe
- South America
- Middle East and Africa
Driving Factors and Market Growth:
The study identifies the burgeoning confectionary market in North America as a pivotal driver propelling the growth of the micro perforated films market in the forthcoming years. Moreover, the adoption of sustainable packaging practices and the increasing need for extended product shelf-life are anticipated to contribute significantly to market demand.
Vendor Analysis and Future Outlook:
The report presents a comprehensive analysis of key vendors operating within the micro perforated films market, featuring prominent names such as ACE Plastics Co. Ltd., Amcor Plc, Amerplast Ltd., Berry Global Inc., Bollore SE, Coveris Management GmbH, Extrusion de Resinas Vinlicas S.A., Helion Xiamen Packaging Co. Ltd., Industrial Bolsera Granadina S.A., Intertape Polymer Group Inc., Korozo A.S., LasX Industries Inc., Mondi plc, MULTIVAC Sepp Haggenmuller SE and Co. KG, Pathway Solutions Inc., Penguin Plastics, Sealed Air Corp., Specialty Polyfilms India Pvt. Ltd., TCL Packaging Ltd., and UFlex Ltd.
Furthermore, the report delves into upcoming trends and challenges poised to impact market growth. This information empowers businesses to strategize effectively and capitalize on imminent growth opportunities.
Methodology:
The study was conducted with meticulous attention to detail, harnessing a comprehensive blend of primary and secondary data sources, including insights from key industry participants. The report offers a comprehensive portrayal of the market and vendor landscape, supplemented by an in-depth scrutiny of pivotal vendors. The presented data is the culmination of rigorous research, combining primary and secondary sources to ensure authenticity and comprehensiveness.
Future Prospects for the Micro Perforated Films Market:
In summation, the micro perforated films market is poised for remarkable growth, projected to witness a notable surge of USD 264.31 million by 2027, buoyed by a robust CAGR of 4.78%. The comprehensive vendor analysis and intricate market insights encapsulated in the report empower businesses to enhance their market presence and capitalize on imminent growth prospects.
A selection of companies mentioned in this report includes
- ACE Plastics Co. Ltd.
- Amcor Plc
- Amerplast Ltd.
- Berry Global Inc.
- Bollore SE
- Coveris Management GmbH
- Extrusion de Resinas Vinlicas S.A.
- Helion Xiamen Packaging Co. Ltd.
- Industrial Bolsera Granadina S.A.
- Intertape Polymer Group Inc.
- Korozo A.S.
- LasX Industries Inc.
- Mondi plc
- MULTIVAC Sepp Haggenmuller SE and Co. KG
- Pathway Solutions Inc.
- Penguin Plastics
- Sealed Air Corp.
- Specialty Polyfilms India Pvt. Ltd.
- TCL Packaging Ltd.
- UFlex Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/lhxy98
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