The global perforated packaging market has been witnessing a considerable upsurge in demand form the past few years owing to rising focus on the extension of food life throughout the supply chain. Furthermore, the growing consumption of fresh fruits and vegetables across the world has also been fueling the demand for perforated packaging.
Perforation is a process in which small-sized holes are added to the packaging. These holes facilitate the smooth flow of oxygen and carbon dioxide inside the packaging, thereby increasing the shelf life of fresh produce and packaged meat products. Two types of techniques, namely, laser perforation and mechanical perforation, are typically employed for the penetration of holes to the packaging. Among these, laser perforation is widely preferred owing to its ability to produce identical holes across the packaging surface.
In addition to the controlled gas permeability, perforation also facilitates the easy opening of the packaging as perforation generates a series of small holes, which creates a simple tear path. Furthermore, perforation allows the controlled airflow, which permits the higher compressibility of packaging. The compression of packaging helps in the reduction of total shipping cost by enabling easy stacking of the packaged product. The aforementioned benefits offered by the perforated packaging are primarily attracting food manufacturers towards the packaging.
Fresh fruits and vegetables are highly perishable, and maintaining the freshness of fresh produce throughout the supply chain is very critical for the manufactures. Perforation increases the shelf life of fruits and vegetables by typically by three to four days; this further leads to a reduction in wastage of food products. Furthermore, fresh fruits and vegetables yield a higher profit to the food producer due to this; fresh produce companies are increasingly incorporating perforated packaging. Moreover, growing concerns over increasing wastage of food products due to deterioration is further expected to augment the growth to the perforated packaging market.
The global fresh produce market has been witnessing a steady growth rate on account of increased health awareness among the consumers. Besides, the continuous advancement in agricultural technology has been enabling the higher production of fresh produce. Furthermore, rising global trade has further enlarged the fresh produce supply chain, which demands an effective packaging to avoid deterioration. These factors are anticipated to fuel the demand for perforated packaging in the coming years.
Perforated packaging is usually made from the polymers, which provide suitable protection to the production with required gas permeability. However, it does not offer control over the selectivity of gas exchange, as offered by modified atmosphere packaging (MOP). Therefore, MOP is expected to act as a restraint for the growth of perforated packaging in the coming years. In addition, growing stringent regulations on the use of plastic packaging are further anticipated to hinder the market growth of the perforated packaging.
The global perforated packaging market is primarily segmented on the basis of material, application, and region. The material segment is further divided into polyethylene (PE), polypropylene (PP), and polyethylene terephthalate (PET). Among these, PE emerged as the largest segment owing to its properties, including high transparency, cost-effectiveness, significant tensile strength, puncture resistance, and superior impact strength.
On the bases of application, the market is further bifurcated into fresh fruits & vegetables, bakery & confectionary, and ready to eat meals. Fresh fruits & vegetables accounted for the largest share in 2018 owing to extensive use of perforated films for fresh produce packaging. In addition, a large supply chain and high perishability of fresh produce demand perforated packaging in them. In addition, the rising veganism population from the past several years has been generating a steady demand for fresh fruits & vegetables, which is anticipated to generate a favorable environment for perforated packaging in the coming years.
North America emerged as the largest market for perforated packaging in 2018. Robust consumption of packaged food products in the country, coupled with the presence of strong organized retail in the retail in the region attributed to its highest share. In addition, the high disposable income of consumers and high preference for quality fresh produce allows food producers for the incorporation of perforated packaging into their products.
The Asia Pacific is expected to emerge as the fastest-growing market in the coming years. Growing middle-class population, increasing penetration of retail channels are mainly driving growth to the market. In addition, the rising working population has led to an increase in consumption of ready to eat food, which in turn, expected to offer lucrative opportunities for the perforated packaging manufacturers. European perforated packaging is expected to grow at a sluggish rate over the forecast owing to stringent regulation against the use of plastic.
The global perforated packaging market is highly fragmented, with the presence of a large number of companies. Key players operating in the market are increasingly opting for laser-based perforation techniques owing to its rising demand from end-use industries. The key players in the global perforated packaging market include Mondi, Amcor Limited, Sealed Air Corporation, Bollore Group, Coveris Holdings S.A., Aera, Now Plastics, Uflex Ltd., and TCL Packaging.
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