Perforated Stretch Film Market Size, Share, Growth, and Industry Analysis by Type (Perforated Manual Film and Perforated Machine Film) By Application (Fresh Meat, Fruit & Vegetables, Dairy & Eggs, Beverages, Processed Foods, Agriculture & Horticulture, and Other) Regional Insights, and Forecast From 2023 To 2030

Updated On: 11 September 2023

Perforated Stretch Film Market Report Overview

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The global perforated stretch film market size was USD 308.1 million in 2022 and is expected to reach USD 527.7 million in 2028, exhibiting a CAGR of 8.0% during the forecast period.

The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with perforated stretch film experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The perforated stretch film, also known as ventilated film or versatile net, is helpful for packaging pallet products that require aeration and cooling. Palletized goods are wrapped in stretch film to hold them to the pallet and one another and assisting in lowering worker injuries, discouraging load tampering, and lowering product loss. Products that benefit from breathing can be palletized using perforated stretch film. The many perforations improve air circulation, extending shelf life. The holes allow unfettered cooling and lessen condensation for items that are wrapped while still warm.

The perforated surface of the product helps meet the requirements for utilization in cooling chambers, among other specialized applications, while maintaining all the characteristics of regular stretch film. For simple and automatic machines, available in hand and machine film. The perforated stretch films have several benefits, including the ability to let extra air escape while shrinking for a more compact appearance, ease and speed in film dispensing, an increase in batch packaging productivity, and, last but not least, a reduction in waste from manual packing. The perforated stretch films are crucial for extending the shelf life and improving the general quality of food goods. The perforated stretch films are crucial in lowering the supply chain's rate of food product deterioration.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The perforated stretch film market faced a few difficulties during COVID-19. Obstacles in supplying the raw materials needed for the creation of stretch films were caused by a lack of transportation and logistical services. perforated stretch film production has been hampered by stringent government rules. Additionally, the staff members responsible for delivering the goods adhere to social distance and other laws put in place to stop the pandemic's spread. The perforated stretch film market is predicted to become more popular throughout the forecast period, particularly in the pharmaceutical and food and beverage industries because it offers a superior barrier against moisture and dust.                                                                     

LATEST TRENDS

"Customized Products to Boost Market Growth"

The size and shape of perforated stretch films and bags can be completely customized to fit any die-cut shape or form. It is appropriate for packaging fresh products like mushrooms, tomatoes, peppers, leaf vegetables, and flowers. Having different perforation profiles to accommodate the imagery and breathing needs of the goods packaged. It can be used for thin bags and films to use less packaging material. As a participant in the Soft Plastics Recycling Scheme. In Australia and New Zealand, bags and films can now be recycled completely.

Perforated Stretch Film Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Perforated Manual Film and Perforated Machine Film. The perforated manual film is the dominant segment in the perforated stretch market share.

• By Application Analysis

Based on application, the market is segmented as follows: Fruit & Vegetables, Fresh Meat, Beverages, Dairy & Eggs, Processed Foods, Agriculture & Horticulture, and Other. The processed foods segment is anticipated to hold the largest perforated stretch film market share.

DRIVING FACTORS

"Availability of Different Shapes and Forms to Facilitate Market Development"

To enhance the appeal and value of your product and brand, perforated stretch films and bags can be customized to the appropriate shape and form. They work best when applied to products that require ventilation or respiration. They can be made from a variety of materials and offer excellent clarity to display your products. Different form factors enable manual and automated packing alternatives to meet the needs of efficient operations. A fantastic and economical method of creating visual appeal for the brand and the customer. The aforementioned factors aid the perforated stretch film market growth.

"Guaranteed Product Service to Promote Industry Progress"

Rolls of perforated stretch films are highly valued in the industry for their outstanding performance and sturdiness. To provide buyers with quality-approved goods, the inputs must be compliant with international quality standards and free of all types of contaminants. The makers effectively and securely store the complete range of products behind a well-structured, organized storage unit. Additionally, it provides guarantee that the products are completely secure.

RESTRAINING FACTORS

"High Cost of the Product Material to Hinder Market Growth"

The drawback of perforated stretch films is their high cost, which results from the need for a lot of material per unit area to attain the desired quality. Additionally, these films are mechanically perforated, which prevents the application of 30 very thin films since it is impossible to make holes in the material that has gathered around their lips. As a result, relatively thick films are perforated mechanically, increasing the cost of the finished product while decreasing its mechanical strength. Additionally, there is scrap produced during production as a result of the leftovers.

Perforated Stretch Film Market Regional Insights

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"Increase in Demand to Propel Market Progress in North America"

The growing need for product packaging and bundling and protecting items in the U.S. during storage and transportation is driving the perforated stretch film market. Additionally, several yearly events held in the area examined in depth the significant need for the Perforated stretch film market from consumer industries. The presence of numerous businesses that produce consumer goods in the U.S. is what propels North America. Some application areas include beverages, home goods, and personal care products.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Megaplast (Greece)
• Dunia Pack (Italy)
• Duo Plast (Germany)
• Galloplastik (Italy)
• Crocco (Italy)
• Mima (U.S.)
• Deriblok (Italy)
• Manuli (U.K)
• AEP Industries (U.S.)
• Landsberg (U.S.)
• NNZ Group (Canada)
• Propak Industries (U.S.)
• Tamanet (U.S.)
• Western Plastics (U.S.)
• Acorn Packaging (Canada)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.