The "Micro-Perforated Films Market by Material (PE, PP, PET), Application (Fresh Fruits & Vegetables, Bakery & Confectionery, and Ready-to-eat Food) & Region (North America, Europe, APAC, Middle East & Africa, and South America)-Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global micro-perforated films market is estimated at USD 1.23 billion in 2017 and is projected to reach USD 1.50 billion by 2022, at a CAGR of 4% between 2017 and 2022.
The market is witnessing growth due to the increasing use of these films in food packaging applications, such as fresh fruits & vegetables, bakery & confectionary, and ready-to-eat food. The growing demand for convenience, healthy, and sustainable food products are creating growth opportunities for the micro-perforated films market. However, susceptibility to contamination acts as a restraint for the growth of the market.
PP is projected to be the fastest-growing segment of the micro-perforated films market during the forecast period (2017-2022). This segment is expected to register the highest CAGR during the forecast period. PP is gaining popularity owing to its excellent transparency, high mechanical strength, tensile strength, and recyclability. Furthermore, the increasing use of BOPP for high-quality packaging is also expected to drive the PP based micro-perforated films market during the forecast period.
Fresh fruits & vegetables is projected to be the fastest-growing application segment of the micro-perforated films market during the forecast period (2017-2022). The need to reduce food wastage by keeping fresh fruits & vegetables fresh and extending their shelf life during the distribution of products is responsible for the rapid growth of the market.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Micro-Perforated Films Market, By Material
7 Micro-Perforated Films Market, By Application
8 Micro-Perforated Films Market, By Region
9 Competitive Landscape
10 Company Profiles
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