Global Perforated Packaging Market Report and Forecast 2024-2032

Global Perforated Packaging Market Outlook

The global perforated packaging market size reached a value of about USD 23.39 billion in 2023. The market is projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a value of around USD 35.43 billion by 2032.

Key Trends in the Market

A perforation is a small hole or row of holes punched into a material. Perforation packaging is a type of packaging where small-sized holes are added to the packaging for improving the shelf life of fresh products. In order to penetrate holes into the package, two types of procedures are generally used: mechanical perforation and laser perforation.

• The increased demand for processed and packaged food due to evolving lifestyles, rapid urbanisation, as well as rising disposable incomes is a major perforated packaging market driver.

• As perforated packaging increases the shelf life of fruits and vegetables while boosting the profit margin for food producers and lowering food waste, fresh produce businesses are utilising it more frequently. The market for perforated packaging is anticipated to further expand as a result of the growing focus on food security amid rising population levels.

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Opportunities and Challenges in the Market

Micro-perforated films are widely used to pack food, household goods, and other commercial goods. Moreover, the growing popularity of plant-based packaging to reduce food waste in retail establishments is positively influencing the perforated packaging market.

Unlike modified atmosphere packaging (MAP), perforated packaging does not provide control over the selectivity of gas exchange. Hence, MAP can hinder the development of the market for perforated packaging. The market expansion of perforated packaging is also projected to be hampered by the increasingly strict laws on the usage of plastic packaging.

Market Analysis

Based on material, the market can be segmented into polyethylene (PE), polypropylene (PP), and polyethylene terephthalate (PET). By application, it can be divided into fresh fruits and vegetables, bakery and confectionery, and ready-to-eat meals, among others. The major regional markets for perforated packaging can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global perforated packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Mondi plc

• Sealed Air

• Trioworld Harlingen BV

• Bolloré

• Coveris Management GmbH

• AERA SA.

• Now Plastics

• TCL Packaging

• PakFactory

• Burckhardt of Switzerland AG

• Others

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Perforated Packaging Market Share by Application

Due to the widespread usage of perforated films for fresh produce packaging, fresh fruits and vegetables account for a considerable share of the overall market.

Perforated packaging is integral for fresh fruits and vegetables due to their extensive supply chain and high perishability. Also, the rising demand for fresh fruits and vegetables owing to the growing vegan population is boosting the usage of perforated packaging, which is likely to favour the market growth in the forecast period.

Market Share by Material

Due to its characteristics, including high transparency, cost-effectiveness, exceptional tensile strength, puncture resistance, and excellent impact strength, PE holds a significant segment in the perforated packaging market.

Market Share by Region

Due to the extensive consumption of processed meat and packaged foods, North America holds a significant share in the perforated packaging market. The rising vegan population and the expansion of the foodservice sector are further bolstering the market in the region.

Meanwhile, the Asia Pacific region is predicted to develop at a significant rate throughout the projected period due to rising population, surging disposable incomes of the middle-class population, and the extensive consumption of fresh produce. Also, food producers are utilising perforated packaging in their products owing to surging consumer preferences for high-quality fresh produces.

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Competitive Landscape

Mondi plc is a worldwide packaging and paper company dedicated to creating novel, innovative, and sustainable packaging and paper solutions. From managing forests and generating pulp, paper, and plastic films to inventing and producing efficient industrial and consumer packaging solutions, the company is fully integrated throughout the entire chain.

Sealed Air is a is a packaging company known for its brands such as Cryovac food packaging and Bubble Wrap cushioning packaging. In addition to enhancing commerce through fulfilment and packaging solutions to safeguard the international flow of commodities, the company develops solutions for a more effective, safe, and waste-free global food supply chain.

Trioworld Harlingen BV has been a pioneer in plastic packaging solutions for more than 50 years. The company focuses on producing flexible packaging products and offers customers with innovative solutions to meet the demand for increased packaging performance. With its packaging solutions, it aims to make the food, agriculture, transportation, and healthcare sector more efficient.

Other market players include Bolloré, Coveris Management GmbH, AERA SA., Now Plastics, TCL Packaging, PakFactory, and Burckhardt of Switzerland AG, among others.

Key Highlights of the Report