Perforated Packaging Film Market Size, Share & COVID-19 Impact Analysis, By Material (Polypropylene (PP), Polyethylene Terephthalate (PET), Polyvinylidene Dichloride (PVDC), Polystyrene (PS), Polyethylene (PE), and Others), By Product Type (Laser Perforation, Needle Perforation, and Others), By Application (Meat, Cheese, Ready Meals, Fruits & Vegetable, Pet Food, and Others) and Regional Forecast, 2025-2032

Perforated packaging film extends the shelf life of products by ensuring the proper amount of air is spread inside the package. The increase in the need for longer shelf life of food products will influence the growth of the perforated packaging film market. Changing urbanization and lifestyle have contributed to the increasing demand for food packaging, and the number of supermarkets and retail chains, departmental stores, hypermarkets, and local stores have fuelled the demand for the perforated packaging film market. The growing frozen food imports are expected to increase the perforated packaging film market growth.

• For instance, in September 2021, Global film manufacturer Flex Films launched its new avant-grade patented BOPET high barrier film F-UHB-M, designed to replace aluminum foil in the flexible packaging application.

Perforated packaging film's incapacity to protect its products against physical and chemical harm is the largest restrain for the market. Moreover, the high cost of the product and technological sophistications act as a major restrain in the growth of perforated packaging film market.

The increasing demand for natural and organic food products creates opportunities for the perforated packaging film market. Natural and organic food products often require more specialized packaging solutions; perforated packaging can be customized to provide the right level of protection and extend the product's shelf life.

IMPACT OF COVID-19 ON THE PERFORATED PACKAGING FILM MARKET

The perforated packaging film market was negatively affected due to the COVID-19 pandemic. The shutdown of various industries such as confectionery, cheese, meat, and others decreased the use of perforated packaging film. However, during the pre-pandemic era, the market significantly thrived as the demand from the food and beverage sector increased perforated packaging film's growth. The increasing emphasis on sustainable packaging materials is further expected to fuel market growth.

SEGMENTATION

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Perforated Packaging Film Market
• Key Industry Trends
• Regulatory Landscape for the Perforated Packaging Film Market
• Key Industry Developments (Mergers, Acquisitions, and Partnerships)
• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on material, the market is segmented into polypropylene (PP), polyethylene terephthalate (PET), polyvinylidene dichloride (PVDC), polystyrene (PS), polyethylene (PE), and other material. Polypropylene holds the largest market share in the material segment of the perforated packaging film market. Polypropylene offers chemical resistance and high barrier properties. The material is also food-safe, heat resistant, has excellent optical clarity, and has low moisture vapor transmission.

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into laser perforation, needle perforation, and others. Laser perforation holds the largest market share in the product type segment of the perforated packaging film market. The use of laser perforation reduces errors and makes sure the whole size remains constant throughout the production. Laser perforation eases the work by ensuring precision and controlling the depth of holes, hence dominating the product type segment.

ANALYSIS BY APPLICATION

Based on application, the market is segmented into meat, cheese, ready meals, fruits & vegetables, pet food, and others. Fruits & vegetable holds the largest market share in the application segment of the perforated packaging film. The extensive use of film to pack the fruits and vegetables keeps them fresh during distribution. The use of film helps extend product shelf life, driving segment growth.

REGIONAL ANALYSIS

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The perforated packaging film market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the leading region of the perforated packaging film market. The region’s growth is attributed to the demand for convenience foods, improved economic conditions, and technological innovation in the packaging industry with rising demand for healthier food products. Asia Pacific holds the second-largest share in the perforated packaging film market. The increase in goods consumption by the middle-class population and the rise in food delivery services will boost the region’s growth. Europe is anticipated to have the fastest growth owing to the imports of frozen food products, which fuel the sales of perforated packaging film.

Moreover, the expansion of the e-commerce sector across many countries is boosting the market in this region. Latin America is expected to have stable growth as the demand for recyclable and safe packaging solutions is fuelling the market in the region. Middle East & Africa have moderate growth due to the presence of industrial players in the region, which is increasing the use of perforated packaging film.

KEY PLAYERS COVERED

The report will include profiles of key players such as Bolloré Packaging Films, Mondi, TC Transcontinental, AERA, Amerplast Ltd., Berry Global, Inc., Helion Industries, KM Packaging Services Ltd., TCL Packaging Ltd, Ervisa, among others.

KEY INDUSTRY DEVELOPMENTS

• October 2022 - Flexible packaging supplier KM Packaging launched a sustainable lidding film range to meet APCO national targets. The content is designed to help customers fulfill their commitments to the National Packaging Targets, which the Australian Packaging Covenant Organization leads.
• December 2022 - Amcor opened China’s largest flexible packaging plant to strengthen its position in Asia Pacific. With an investment of USD 100 million, the new facility is expected to employ more than 550 people to produce flexible packaging solutions for personal care and food products.