Perforated packaging market to see a CAGR of 5.05%
The perforated packaging industry is witnessing growth as it changes the way food, textiles, and other products are packaged. Read on to know more about the segment in which companies like ProAmpac Flexible Packaging, UFlex, KM Packaging Services, Amcor Limited, and Verde Farms are driving innovation.
28 Nov 2024 | 992 Views | By Anhata Rooprai
Perforated packaging involves the placement of micro-holes in packaging, allowing the controlled passage of oxygen and carbon dioxide. This enhances product shelf life and ensures freshness. Fresh produce, meat and poultry, baked goods, and dried fruits and nuts use this form of packaging extensively.
Projected to expand at a compound annual growth rate (CAGR) of 5.05% from 2024 to 2034, the market value of perforated packaging is set to increase from USD 27.37-billion in 2024 to USD 44.80-billion by 2034.
There are two ways to create perforations: mechanical perforation and laser perforation. Laser perforation offers precision, ensuring consistent and uniform holes that are highly beneficial for delicate and perishable items.
The adoption of artificial intelligence (AI) in perforated packaging is enabling manufacturers to understand consumer preferences and customise packaging solutions. It reduces labour costs and accelerates production rates. AI-powered systems create holes with exact dimensions, ensuring the packaging meets the specific needs of various products. AI tools can also adapt the perforation process to suit products of varying shapes, sizes, and storage requirements.
LDPE is the preferred material for perforated packaging, offering flexibility, durability, and cost-efficiency. It is commonly used for food wraps and films and plastic bags for fresh produce and baked goods.
The Asia-Pacific region is experiencing rapid growth due to urbanisation and technological advancements.
This article is based on a report by Towards Packaging.