Global Micro-Perforated Food Packaging Market to Reach US$ 2.1 Billion by 2032, Impelled by Growing Preference for Convenience Foods

April 26, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled "Micro-Perforated Food Packaging Market Report by Material (Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Others), Application (Fruits and Vegetables, Bakery and Confectionery, Ready-to-eat, and Others), and Region 2024-2032," the global micro-perforated food packaging market size reached US$ 1.6 Billion in 2023. Micro-perforated food packaging is a type of packaging solution that contains small holes to act as a breathable barrier between the food and its environment. It is specifically designed to keep food fresh and safe for consumption by minimizing oxygen, moisture, and light that can cause food spoilage. It is manufactured from a variety of materials, including plastic, foil, and paper, with the holes being small enough to prevent food from spilling out. Additionally, it also helps keep food from becoming soggy or losing flavor in the refrigerator or pantry. It aids in preserving the integrity of numerous foods, such as cheese and smoked meats, by allowing them to retain their flavor and texture even after their extended storage periods. 

Global Micro-Perforated Food Packaging Market Trends:

The escalating demand for ready-to-eat products majorly drives the global market. This can be supported by the accelerating demand for convenience food products with portability and long shelf life. Coupled with this, the shifting consumer preferences toward convenience food across the globe on account of the hectic lifestyles and busy schedules of the working population is also significantly supporting the market. Besides this, the growing demand for fresh food that can easily be transported over long distances while maintaining food properties is propelling the uptake of micro-perforated food packaging as it extends the shelf life of products, results in less food wastage and offers greater customer satisfaction. In addition, micro-perforated food packaging allows better product visibility, making it easier for consumers to identify what they are buying, thus acting as another growth-inducing factor. Apart from this, the growing demand for non-toxic packaging material that extends a product’s shelf-life that is free of toxins and allergens is providing a thrust to the market globally. Furthermore, several innovations, such as the emergence of green packaging solutions that assist in minimizing carbon footprint and environmental impact, are creating a positive market outlook. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2.1 Billion by 2032, exhibiting a CAGR of 3.6% during 2024-2032. 

Market Summary:

  • On the basis of the material, the market has been segmented into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET) and others.
  • Based on the application, the market has been classified into fruits and vegetables, bakery and confectionery, ready-to-eat and others.
  • On the basis of the region, the market has been bifurcated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Aera SA, Amcor plc, Amerplast Ltd. (Hanmere Polythene Ltd.), Berry Global Inc., Bolloré Group, Coveris, KM Packaging Services Ltd., Mondi plc, Sealed Air Corporation, SRF Limited, TCL Packaging, UFlex Limited and Ultraperf Technologies Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aera SA, Amcor plc, Amerplast Ltd. (Hanmere Polythene Ltd.), Berry Global Inc., Bolloré Group, Coveris, KM Packaging Services Ltd., Mondi plc, Sealed Air Corporation, SRF Limited, TCL Packaging, UFlex Limited and Ultraperf Technologies Inc.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Micro-Perforated Food Packaging Market to Reach US$ 2.1 Billion by 2032, Impelled by Growing Preference for Convenience Foods
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