Market Size of Micro Perforated Films Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | North America |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Micro Perforated Films Market Analysis
The market for the micro-perforated films market is expected to grow at a CAGR of over 4 % globally during the forecast period. Major factors driving the market studied are increasing demand for food products having longer shell life and growing packaged food sector in Asia-Pacific. On the flip side, susceptibility to contamination through micro-perforations are hindering the growth of the market studied.
- Increasing applications in the fruits & vegetable packaging segment are expected to drive the market growth during the forecast period.
- Asia-Pacific is expected to dominate the market across the globe with the largest consumption coming from China, Japan, and India.