Micro-Perforated Films Market Worth 1.50 Billion USD by 2022

PUNE, India, April 13, 2018 /PRNewswire/ --

The report "Micro-Perforated Films Market by Material (PE, PP, and PET), Application (Fresh Fruits & Vegetables, Bakery & Confectionery, and Ready-to-eat Food), and Region (North America, Europe, APAC, Middle East & Africa, and South America)-Global Forecast to 2022", published by MarketsandMarkets™, the global market is estimated at USD 1.23 Billion in 2017 and is projected to reach USD 1.50 Billion by 2022, at a CAGR of 4.0% between 2017 and 2022. The market is witnessing growth due to the increasing use of micro-perforated films in food packaging applications. Growing need for the reduction of food spoilage and increasing adoption of different retail formats in emerging countries is expected to drive the Micro-Perforated Films Market. In addition, the need to keep food products fresh and extend their shelf life across the supply chain is also expected to support the demand for micro-perforated films.

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Browse 76 market data Tables and 28 Figures spread through 113 Pages and in-depth TOC on "Micro-Perforated Films Market"

https://www.marketsandmarkets.com/Market-Reports/micro-perforated-films-market-2267779.html
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PE: The largest material segment in the Micro-Perforated Films Market 

PE based micro-perforated films are estimated to lead the material segment in 2017. The large share of PE is due to its wide usage in food packaging applications owing to properties, such as high transparency, high tensile strength, puncture resistance, superior impact strength, and cost-effectiveness.

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Fresh fruits & vegetables: The largest application segment of the Micro-Perforated Films Market 

Fresh fruits & vegetables is estimated to be the largest segment of the Micro-Perforated Films Market, by application in 2017. The large market share of fresh fruits & vegetables is due to the extensive use of micro-perforated films to pack fresh produce in order to keep the packed product fresh during the distribution of products. The use of these films in packing fresh fruits & vegetables helps in extending the shelf life of products, as the perforations help in balancing the O2 and CO2 levels due to the circulation of air, which prevents vapor formation.