FMI Releases New Report on the Global Perforated Packa | Page 5

Perforated Packaging Market

Perforated
packaging market has reflected vertical upward growth over past three years , on the backdrop of upsurge processed and packaged food demand approximately 30 %, 40 % and 80 % in Europe , India , and the US respectively . The demand for processed and packaged food can be attributed to rapidly changing lifestyle , urbanization as well as increasing disposable income among the middle-class families . Moreover , other high impact drivers for the growth of perforated packaging market are increasing the number of modern retail format and the use of e-commerce for procuring consumable items . The global growth rate for modern retail format and e-commerce is anticipated to be around 5 % and 8 % respectively . The need of protecting the fresh produce , to have effective packaging and to increase the shelf life of the product is also fuelling the perforated packaging market . There are few constraints such as the inability of perforated packaging to protect its product efficiently from the chemicals and physical damages . Despite all the advantages , the perforated packaging is unable to compete with modified atmospheric packaging options , for increasing the lifespan of the product . Though , the low-cost characteristic of perforated packaging is likely to drive global perforated packaging market on a vertical upward growth trajectory .
Request For TOC @ http :// www . futuremarketinsights . com / toc / rep-gb-3209 Perforated Packaging Market- Market Segmentation :
The perforated packaging market can be segmented by the size of the perforation , material used , the product formed , manufacturing technology used and application .
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