Micro Perforated Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Micro Perforated Films Market Analysis
The market for the micro-perforated films market is expected to grow at a CAGR of over 4 % globally during the forecast period. Major factors driving the market studied are increasing demand for food products having longer shell life and growing packaged food sector in Asia-Pacific. On the flip side, susceptibility to contamination through micro-perforations are hindering the growth of the market studied.
- Increasing applications in the fruits & vegetable packaging segment are expected to drive the market growth during the forecast period.
- Asia-Pacific is expected to dominate the market across the globe with the largest consumption coming from China, Japan, and India.
Micro Perforated Films Market Trends
This section covers the major market trends shaping the Micro Perforated Films Market according to our research experts:
Increasing Application in Fruits & Vegetable Packaging
- Micro-perforated films are the films that have holes at equal distances that allow air to circulate between the product and the external environment. This prevents the build-up of vapor inside the packaging.
- This application of micro-perforated films helps to preserve fruits & vegetables and allows them to stay fresh for longer periods of time.
- Micro-perforated films help to increase the shelf life of the fruits & vegetables and also preserves the quality of the food stored inside.
- Micro-perforated films are made of different types of polymer materials like polyethylene terephthalate, polypropylene, polyethylene, and a few other types with polyethylene accounting for the largest share.
- India's packaging industry is the fifth-largest in the world and is growing at about 22-25% per year as per the Plastics Industry Association of India 2019.
- Hence, owing to the growing demand for fresh fruits & vegetables, the demand for micro perforated films is expected to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for micro-perforated films during the forecast period. Due to the high demand application from countries like China, India, and Japan the market for micro-perforated films has been increasing.
- The largest producers of micro-perforated films are located in the Asia-Pacific region. Some of the leading companies in the production of micro-perforated films are Bollore Group, Ajover S.A.S, Jiangyin Bairuijia Plastics Science & Technology Co., Ltd, Aera, and Penguin Plastics.
- About 296 Approved Cold Chain Projects in the food processing industry have been approved in India as in May 2019 creating an increasing application of micro-perforated films for packaging.
- Additionally, with the growing demand for ready-to-eat food across the Asia-Pacific region due to the increasing working population, the demand for micro-perforated films is growing in the region.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for micro-perforated films market during the forecast period.
Micro Perforated Films Industry Overview
The global micro-perforated films market is fragmented, with players accounting for a marginal share in the market. Some of the major companies include Bollore Group, Helion Industries, Jiangyin Bairuijia Plastics Science & Technology Co., Ltd, Aera, and Penguin Plastics.
Micro Perforated Films Market Leaders
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Bollore Group
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Helion Industries
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Jiangyin Bairuijia Plastics Science & Technology Co., Ltd
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Aera
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Penguin Plastics
*Disclaimer: Major Players sorted in no particular order
Micro Perforated Films Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand for Food Products having Longer Shell Life
- 4.1.2 Growing Packaged Food Sector in Asia-Pacific
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4.2 Restraints
- 4.2.1 Susceptibility to Contamination
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
-
4.4 Porters Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Film Type
- 5.1.1 Polyethylene Terephthalate
- 5.1.2 Polypropylene
- 5.1.3 Polyethylene
- 5.1.4 Others
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5.2 Application
- 5.2.1 Fruits & Vegetables
- 5.2.2 Bakery & Confectionery
- 5.2.3 Medical and Grocery Products
- 5.2.4 Others
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Aera
- 6.4.2 Bollore Group
- 6.4.3 Dhwani Polyprints Private Limited
- 6.4.4 Helion Industries
- 6.4.5 HEXIS S.A.
- 6.4.6 Jiangyin Bairuijia Plastics Science & Technology Co., Ltd.
- 6.4.7 Mondi
- 6.4.8 Penguin Plastics
- 6.4.9 Specialty Polyfilms Pvt. Ltd.
- 6.4.10 Ajover S.A.S
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Micro Perforated Films Industry Segmentation
The Micro Perforated Films market report includes:
| Film Type | Polyethylene Terephthalate | |
| Polypropylene | ||
| Polyethylene | ||
| Others | ||
| Application | Fruits & Vegetables | |
| Bakery & Confectionery | ||
| Medical and Grocery Products | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Micro Perforated Films Market Research FAQs
What is the current Micro Perforated Films Market size?
The Micro Perforated Films Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Micro Perforated Films Market?
Bollore Group, Helion Industries , Jiangyin Bairuijia Plastics Science & Technology Co., Ltd , Aera and Penguin Plastics are the major companies operating in the Micro Perforated Films Market.
Which is the fastest growing region in Micro Perforated Films Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Micro Perforated Films Market?
In 2024, the Asia Pacific accounts for the largest market share in Micro Perforated Films Market.
What years does this Micro Perforated Films Market cover?
The report covers the Micro Perforated Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Micro Perforated Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Micro Perforated Films Industry Report
Statistics for the 2024 Micro Perforated Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Micro Perforated Films analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
