Micro Perforated Films For Packaging Market

Micro Perforated Films For Packaging Market: Bags Likely to Become the Second most Attractive Segment by Packaging Type During the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016-2026

  • REP-GB-2114
  • 2017-04-05
  • 210 Pages
  • Format: pdf ppt
  • Category: Packaging

Wraps/Rolls packaging type segment to grab majority share of the global micro perforated films for packaging market during the period of assessment

In terms of value and volume, the wraps/rolls segment dominated the global micro perforated films for packaging market in 2016. The segment is estimated to account for close to 50% share of the global micro perforated films for packaging market by the end of 2026 due to rise in usage of wraps as a convenient source of packaging. The segment is expected to be valued at more than US$ 550 Mn in 2017 and is projected to expand at a CAGR of 5.5%. The segment is stated to account for more than US$ 900 Mn by the end of 2026. The wraps/rolls segment is estimated to create an incremental opportunity of close to US$ 400 Mn and expand 1.7X between 2016 and 2026.

Rapid growth of the retail sector and increase in food delivery services are factors likely to fuel the growth of the wraps/rolls segment

It has been observed that the number of retail outlets such as supermarkets, hyper markets and local stores has increased across the globe over the past few years. The changing lifestyle of people and rapid urbanisation are responsible for the significant growth of the retail and FMCG sector in emerging economies such as the Asia Pacific. Increasing per capita disposable income further helps in boosting the retail sector growth across the globe. All these factors are expected to make a positive impact on the consumption of food products that require wrap/rolls packaging, thus appreciably increasing demand in the wraps/rolls segment over the forecasted period. Shelf life is a crucial decisive factor for end users while selecting packaging films and corresponding compatible equipment. Wraps/rolls packaging enables micro perforated films packaging producers, co-packers and retailers to extend the shelf life of fruits and vegetables, bakery and confectionary, frozen food and ready-to-eat food, and creates ample opportunities for industries to amplify the market share. Micro perforated films also render a visual appeal to the products, which in turn attracts customers. Even a small increase in shelf life, specifically in meat products, is a valuable proposition for engaged industry participants and creates a substantial opportunity for companies to enhance their market footprint, which in turn is likely to fuel the growth of the wraps/rolls segment.

Demand for packaged food and beverages has been on the rise owing to consumers getting attracted to features such as portability, single handed use and easy opening property of the product. The use of micro perforated films, which are considered as an economical and convenient method of packaging is expected to grow rapidly over the forecast period owing to customer convenience. Consumers are mainly preferring wraps for packaging as they can be easily opened and closed, which is convenient when it comes to ready-to-eat food and bakery products. This factor is expected to create a positive impact on the wraps/rolls segment over the projected period. Over the past few years consumers are preferring more ready-to-eat and takeaway food, owing to changes in their lifestyle, increase in per capita disposable income and rapid urbanisation in emerging economies. In addition, habits of food consumption of customers have changed rapidly owing to corporate work culture and industrialisation. These changes are observed in emerging economies where more number of food outlets and online food delivery services have mushroomed over the years. Consumers prefer their food products to stay hygienic for a longer period of time; as a result, there is a rising demand for wraps/rolls.

micro perforated films for packaging market

Wrap/rolls segment is anticipated to register the highest CAGR in the APEJ micro perforated films for packaging market during the period of assessment

In Latin America, the wraps/rolls segment is expected to be valued in excess of US$ 50 Mn in 2017, expanding at a CAGR of 5.6% over the predicted period. In the APEJ regional market, the segment is estimated to expand at 5.9% CAGR and is likely to account for more than US$ 120 Mn in 2017. In Japan, the segment is anticipated to grab close to 50% market share during 2016-2026. The wraps/rolls segment has better potential during the forecast period in the MEA micro perforated films for packaging market and it is likely to reach more than US$ 60 Mn by the end of 2026.

Future Market Insights in its newly published report titled “Micro Perforated Films for Packaging Market: Global Industry Analysis and Opportunity Assessment, 2016 –2026,” provides forecast and analysis of the global micro perforated films for packaging market at both global and regional levels. Through extensive research, our analysts have studied how the different market dynamics are likely to impact the current and future scenario of the global micro perforated films for packaging market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape. We have analysed the key trends, drivers, restraints and opportunities while studying this market. Impact analysis of key growth drivers and restraints based on the weighted average model are included in our report to better equip clients with crystal-clear decision-making insights. This report provides historical data of 2015 along with the market forecast from 2016 to 2026 by revenue (US$ Mn) and volume (Mn Sq.m). The report also studies macroeconomic indicators along with an outlook on packaging consumption across the globe. The report comprises a study of current end user issues and opportunities for micro perforated films for packaging manufacturers. It also includes detailed pricing analysis by micro perforated films type and value chain analysis.

The report indicates the segment wise definition of the market along with its overall scenario during the assessment period. The publication focusses on identifying opportunities in the global micro perforated films for packaging market and present updates and insights pertaining to the various market segments. Inflation rate has not been considered to arrive at market revenue at subsequent levels of market segmentation. While researching the global micro perforated films for packaging market, market splits have been deduced from extensive surveys and primary research. The prices of micro perforated films have been tracked at the wholesale level after conversion through trade websites and primary interviews.

Our unique style of describing this report

In order to provide a comprehensive view of the global micro perforated films for packaging market, we have included a detailed competitiveness analysis and information on key market players with unique selling propositions. The competitive dashboard in the last section of the report includes a detailed comparison of micro perforated films manufacturers based on parameters such as operating margins, unique selling propositions, collective market share and geographic concentration. The study encompasses market attractiveness analysis of various segments of the global micro perforated films for packaging market.

The report also highlights the consumption of micro perforated films and the revenue generated from the sales of micro perforated films for packaging across all regions and important countries within these regions. Growth in industrial packaging, per capita income, purchasing power parity and GDP growth are some of the factors that have been closely referred to by our analysts to arrive at the market forecast. Apart from value chain analysis, profitability margins, factors influencing costs, pricing trends and factors influencing the sales of micro perforated films have also been included in the report. 

We have segmented the global micro perforated films for packaging market into four sections as under:

By Material Type

By Packaging Type

By Technology Type

By Application

By Region

  • HDPE

  • LDPE

  • BOPP

  • CPP

  • PET

  • PVC

  • PA

  • Bags

  • Wraps/Rolls

  • Pouches

  • Sleeves

  • Mechanical Perforation

  • Laser Perforation

  • Ready-to-eat Food

  • Bakery and Confectionary

  • Frozen Food

  • Fresh Fruits and Vegetables

  • Other Food

  • Flower Packaging

  • North America

  • Latin America

  • Eastern Europe

  • Western Europe

  • APEJ

  • Japan

  • MEA

Our proven and tested research methodology

A number of primary and secondary sources have been consulted during the course of this study. Secondary sources include Factiva, World Bank, and Hoover’s. We have also examined company annual reports and publications while drafting the report on the global micro perforated films for packaging market. The market numbers have been estimated based on average consumption and weighted average pricing of micro perforated films and the revenue is derived through regional pricing trends. Market size and forecast for each segment has been provided in the context of the global and regional markets. The global micro perforated films for packaging market has been analysed based on expected market demand. Prices considered for the calculation of revenue include average regional prices obtained through primary quotes from numerous regional micro perforated films manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while forecasting the global micro perforated films for packaging market for various end users of micro perforated films in different regions.