Micro-Perforated Films Market-By Type , By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030

Report Code: CMR 52956 Report Format: PDF + Excel

Micro-perforated Films Market Overview

Micro-Perforated Films Market Size is forecast to reach $ 1692.1 Million by 2030, at a CAGR of 4.10% during forecast period 2024-2030.Micro-perforated films can be categorized into various types which include polyethylene terephthalate, polypropene, polyvinyl films, polyethylene film, cling film and others. The expansion of micro-perforated films is primarily driven by their usage in the agriculture industry. According to the Food and Agriculture Organization (FAO), global agricultural production including wheat and coarse grains is expected to increase by 9% during 2021-2030. An increase in production in the agricultural and pharmaceutical industries is expected to drive the growth of the micro-perforated films market size in the upcoming years. On the other hand, fluctuating prices of raw materials may confine the growth of the market. In 2020, the surge in the COVID-19 pandemic had negatively impacted agricultural production activities as a result of the country-wide shutdown of production sites, shortage of labor and the decline of the supply and demand chain all over the world. This temporarily affected the growth of the micro-perforated films industry. However, a steady recovery in agricultural production activities has been witnessed across many countries around the world since 2021, which in turn, is driving the demand for Micro-perforated Films. 

Micro-perforated Films Market Report Coverage

The "Micro-perforated Films Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Micro-perforated Films Market.

By Type: Polyethylene Terephthalate Films, Polypropene Films, Polyethylene Film [High-Density Polyethylene (HDPE) Films, Low-Density Polyethylene (LDPE) Films], Polyvinyl Films, Cling Films, Polyolefin Films and Others.
By Perforation Method: Hot Perforation and Cold Perforation.
By End-use Industry: Food Industry (Bakery and Confectionery, Dairy Products, Fruits & Vegetables, Instant Meals, and Others), Agriculture, Pharmaceutical and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways

 

  • Polyethylene film held the largest share in the Micro-perforated Films Market in 2021. Its wide range of characteristics, along with high flexibility and adaptability made it stand out in comparison to other types of Micro-perforated Films in the market.
  • Food industry held the largest share in the Micro-perforated Films Market in 2021, owing to the increasing demand for Micro-perforated Films for food packaging across the world. Micro-perforated films help in sustaining the quality, integrity and freshness of the packed food, which aids in enhancing the product shelf life.
  • Asia-Pacific dominated the Micro-perforated Films Market in 2021, owing to its increasing demand from the food sector in the region.
  • A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Micro-perforated Films Market Report.

 

Figure: Micro-perforated Films Market Revenue Share, by Geography, 2021 (%)

Micro-perforated Films Market

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Micro-perforated Films Market Segment Analysis – by Type

The polyethylene film held the largest Micro-perforated Films Market share of over 22% in 2021, owing to a range of benefits they offer over other types of micro-perforated films. Polyethylene film offers a wide range of properties and benefits such as superior flexibility, higher adaptability along with higher impact and puncture resistance in comparison to polypropene, polyvinyl films and other types of micro-perforated films. Moreover, it offers enhanced protection of the packaged products against moisture and UV rays, as well as excellent resistance to extreme temperatures. Polyethylene film also offers higher elasticity, transparency and excellent breathability. Furthermore, it is extremely lightweight and relatively more economical and cost-effective as compared to other types of micro-perforated films. Hence, all of these benefits of polyethylene film are driving its demand over other types of Micro-perforated Films, which in turn, is expected to boost the growth of the market during the forecast period.

Micro-perforated Films Market Segment Analysis – by End-use Industry

The Food Industry held the largest Micro-perforated Films Market share of over 25% in 2021, owing to the increasing demand for micro-perforated films for food packaging across the globe. For instance, according to recent insights published on Interpack in 2020, the global packaging sector, including food packaging, is expected to grow at an annual rate of 3.5% within the next four years. According to PMMI (the Association for Packaging and Processing), the North American food & beverages industry is expected to increase by 4.5% from 2018 to 2028, with the United States leading the food & beverages packaging sector. Furthermore, recent insights from the Packaging Federation of the United Kingdom state that the UK packaging manufacturing industry was valued at GBP 11 billion (US$15.2 billion) in 2020, owing to the increasing demand for packaging from multiple sectors including its food sector.

Micro-perforated Films Market Segment Analysis – by Geography

Asia-Pacific held a dominant Micro-perforated Films Market share of around 47% in 2021. The consumption of micro-perforated films is particularly high in this region due to its increasing demand from the food sector in APAC. According to a recent study published on Interpack, China holds the largest market share around the world when it comes to food packaging. The consumption of food packaging in China is expected to increase to 447,066 million in 2023. Likewise, it further states that the Chinese packaging companies such as 3D, SIP and WLCSP alone achieved a revenue of around US$5.88 billion with end packaging. Moreover, according to the Packaging Industry Association of India, the Indian packaging industry was valued at around US$50.5 billion in 2019 and is expected to increase up to US$204.81 billion by the end of 2025. It further states that food packaging is considered to be one of the fastest-growing industries in India and is rising at 22%-25% per year. This is anticipated to propel the growth of the market during the forecast period.

Micro-perforated Films Market Drivers

An increase in agricultural production

Micro-perforated Films such as polyethylene terephthalate, polypropene, polyvinyl films, polyethylene film, cling film and others are commonly used as agricultural films. The use of micro-perforated agricultural films offers a range of benefits such as suppression of weed growth, increased soil temperature, reduced erosion, support of seed germination, acting as a fumigation barrier and offering improved protection to crops against harmful UV rays. According to the Food and Agriculture Organization (FAO), global agricultural production, including wheat and coarse grains, is expected to increase by 9% during 2021-2030. An increase in agricultural production along with the surging pharmaceutical production is expected to drive the growth of the micro-perforated films market size in the upcoming years. On the other hand, fluctuating prices of raw materials may confine the growth of the market. In January 2022, the government of Egypt invested around EGP 6.4 billion (US$413 million) for the continuation of its agricultural project. The project would focus on the production of crops such as wheat, maize, cotton and oil. Thus, an increase in global agricultural production is expected to increase the demand for Micro-perforated Films, owing to their above-mentioned benefits & usage.

Surging pharmaceutical production

Micro-perforated Films are primarily used in the pharmaceutical industry for the packaging of various capsules, tablets and other pharmaceutical products. According to the Brazilian Chemical Industry Association, the production of the pharmaceutical industry in Brazil was valued at US$16.1 billion in 2021, an increase of 2.6% from US$15.7 billion in 2020. According to the General Statistics Office of Vietnam, the total pharmaceutical production in Vietnam was valued at US$3484.5 million in 2020, an increase of around 7% from US$3255.6 million in 2019. Furthermore, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the total production of pharmaceuticals including capsules, tablets and other products in Europe was valued at EUR 310,000 million (approx. US$354,080.76 million) in 2020. Hence, such surging pharmaceutical production is expected to increase the demand for Micro-perforated Films for the packaging of pharmaceutical products, owing to its above-mentioned properties. This is expected to accelerate the growth of the market in the upcoming years.

Micro-perforated Films Market Challenges

Fluctuating prices of raw materials may confine the market growth

Some of the raw materials required for the production of Micro-perforated Films are obtained from crude oil. As a result, fluctuations in the prices of crude oil may hinder the growth of the market. For instance, in 2020, the international benchmark for petroleum prices across the world, also known as Brent crude prices, decreased to US$9.12 per barrel. This was the lowest record since December 10, 1998. Likewise, in April 2020, India’s Crude Oil Basket (COB) reached US$19.90 per barrel, which was the lowest record since February 2002. During the first 11 months of the year 2020-21, the average annual price of India’s COB was around US$42.72 per barrel, which decreased by 30% more than the average COB price in 2019-20. In this way, such uncertainty regarding the price of crude oil may affect the prices of raw materials that are used in the production of micro-perforated films. Thus, such instability and fluctuating prices of raw materials may limit the growth of the Micro-perforated Films industry during the forecast period.

Micro-perforated Films Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Micro-perforated Films Market. The top companies in the Micro-perforated Films Market are:

 

  1. Bollore Group
  2. Aera
  3. Dhwani Polyprints Private Limited
  4. Helion Industries
  5. HEXIS S.A.
  6. Jiangyin Bairuijia Plastics Science & Technology Co., Ltd.
  7. Mondi
  8. Penguin Plastics
  9. Specialty Polyfilms Pvt. Ltd.
  10. Ajover S.A.S

Relevant Reports

Agricultural Films Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 0652

Fresh Food Packaging Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: FBR 0084

Pharmaceutical Packaging Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: HCR 0039

Key Market Players:


The Top 5 companies in the Micro-Perforated Films Market are:

  1. Bolloré
  2. AERA (California Resources Corporation)
  3. Amcor plc
  4. Coveris
  5. UFlex Limited

For more Chemicals and Materials Market reports, please click here

 
    1. Micro-perforated Films Market - Market Overview
                1.1 Definitions and Scope
    2. Micro-perforated Films Market - Executive Summary
                2.1 Key Trends by Type
                2.2 Key Trends by Perforation Method
                2.3 Key Trends by End-use Industry
                2.4 Key Trends by Geography
    3. Micro-perforated Films Market – Comparative analysis
                3.1 Market Share Analysis - Major Companies
                3.2 Product Benchmarking - Major Companies
                3.3 Top 5 Financials Analysis
                3.4 Patent Analysis- Major Companies
                3.5 Pricing Analysis (ASPs will be provided)
    4. Micro-perforated Films Market - Startup companies Scenario Premium 
                4.1 Major startup company analysis:
                                4.1.1 Investment
                                4.1.2 Revenue
                                4.1.3 Product portfolio
                                4.1.4 Venture Capital and Funding Scenario
    5. Micro-perforated Films Market – Industry Market Entry Scenario Premium 
                5.1 Regulatory Framework Overview
                5.2 New Business and Ease of Doing Business Index
                5.3 Successful Venture Profiles
                5.4 Customer Analysis – Major companies
    6. Micro-perforated Films Market - Market Forces
                6.1 Market Drivers
                6.2 Market Constraints
                6.3 Porter's Five Force Model
                                6.3.1 Bargaining Power of Suppliers
                                6.3.2 Bargaining Powers of Buyers
                                6.3.3 Threat of New Entrants
                                6.3.4 Competitive Rivalry
                                6.3.5 Threat of Substitutes
    7. Micro-perforated Films Market – Strategic Analysis
                7.1 Value/Supply Chain Analysis
                7.2 Opportunity Analysis
                7.3 Product/Market Life Cycle
                7.4 Distributor Analysis – Major Companies
    8. Micro-perforated Films Market – by Type (Market Size - US$ Million/Billion)
                8.1 Polyethylene Terephthalate Films
                8.2 Polypropene Films
                8.3 Polyethylene Films
                                8.3.1 High-density Polyethylene (HDPE) Films
                                8.3.2 Low-density Polyethylene (LDPE) Films
                8.4 Polyvinyl Films
                8.5 Cling Films
                8.6 Polyolefin Films
                8.7 Others
    9. Micro-perforated Films Market – by Perforation Method (Market Size - US$ Million/Billion)
                9.1 Hot Perforation
                9.2 Cold Perforation
    10. Micro-perforated Films Market – by End-use Industry (Market Size - US$ Million/Billion)
                10.1 Food Industry
                                10.1.1 Bakery and Confectionery
                                10.1.2 Dairy Products
                                10.1.3 Fruits and Vegetables
                                10.1.4 Instant Meals
                                10.1.5 Others
                10.2 Agriculture
                10.3 Pharmaceutical
                10.4 Others
    11. Micro-perforated Films Market - by Geography (Market Size - US$ Million/Billion)
                11.1 North America
                                11.1.1 The USA
                                11.1.2 Canada
                                11.1.3 Mexico
                11.2 Europe
                                11.2.1 The UK
                                11.2.2 Germany
                                11.2.3 France
                                11.2.4 Italy
                                11.2.5 The Netherlands
                                11.2.6 Spain
                                11.2.7 Denmark
                                11.2.8 Belgium
                                11.2.9 The Rest of Europe
                11.3 Asia-Pacific
                                11.3.1 China
                                11.3.2 Japan
                                11.3.3 India
                                11.3.4 South Korea
                                11.3.5 Australia and New Zealand
                                11.3.6 Indonesia
                                11.3.7 Taiwan
                                11.3.8 Malaysia
                                11.3.9 The Rest of APAC
                11.4 South America
                                11.4.1 Brazil
                                11.4.2 Argentina
                                11.4.3 Colombia
                                11.4.4 Chile
                                11.4.5 The Rest of South America
                11.5 The Rest of the World
                                11.5.1 The Middle East
                                                    11.5.1.1 Saudi Arabia
                                                    11.5.1.2 The UAE
                                                    11.5.1.3 Israel
                                                    11.5.1.4 The Rest of the Middle East
                                11.5.2 Africa
                                                    11.5.2.1 South Africa
                                                    11.5.2.2 Nigeria
                                                    11.5.2.3 The Rest of Africa
    12. Micro-perforated Films Market – Entropy
                12.1 New Product Launches
                12.2 M&As, Collaborations, JVs and Partnerships
    13. Micro-perforated Films Market – Industry/Segment Competition Landscape Premium
                13.1 Company Benchmarking Matrix – Major Companies
                13.2 Market Share at Global Level - Major companies
                13.3 Market Share by Key Geography - Major companies
                13.4 Market Share at Country Level - Major companies
                13.5 Market Share by Key Crop Type/Product category - Major companies
    14. Micro-perforated Films Market – Key Company List by Country Premium 
    15. Micro-perforated Films Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
                15.1 Bolloré
                15.2 AERA (California Resources Corporation)
                15.3 Amcor plc
                15.4 Coveris
                15.5 UFlex Limited
    * "Financials would be provided to private companies on best-efforts basis."
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