According to a new market report published by Transparency Market Research titled “Laser Micro Perforation Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global laser micro perforation equipment market is expected to reach a value of US$ 314,028.1Thousand by 2026. The market is estimated to expand at a CAGR of 5.5% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 1,303 units in 2017. Europe dominated the laser micro perforation equipment market in 2017, acquiring approximately 40% of market share. The market in this region witnessed rapid increase in urbanization, changing lifestyle of people, and rise in awareness among consumers about healthy and fresh products which has fueled the FMCG and retail sectors in Europe. Additionally, the number of retail outlets such as hypermarkets, supermarkets, and local stores has increased in Europe, leading to the rising demand for packaged food. Furthermore, laser micro perforation as a technology is more prevalent in Europe due to presence of advanced technologies compared to other regions.
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The laser micro perforation equipment market is influenced
by market dynamics with the prime driving factor being protecting and
preserving the product from any sort of damage and contamination. Micro
perforated films packaging provides all the properties needed for primary
packaging such as lightweight, high performance, high barrier, low
contamination, and keeps the product completely sealed off from the
environment. Additionally, consumers want their food products to be hygienic
and remain fresh for a longer time, which increases the demand for plastic films,
thereby boosting the demand for laser micro perforation equipment during the
forecast period.
Based on product type, the portable Co2 lasers segment
dominated the market in 2017 and was valued at US$ 163,708.7 thousand at a CAGR
of 5.5%. The segment dominated the market due to its widespread application
in food
packaging and other consumer goods.CO2 lasers offer various
benefits over traditional mechanical methods for perforation, scoring, and
cutting of the plastic films and other flexible materials that are majorly
utilized in the packaging of foods and other consumer goods. Additionally,
increased demand for pouch packaging in various industries, including food &
beverage coupled with convenience at a low cost compared to Nd: YAG lasers is
expected to drive the market during the forecast period. Increased consumer
demand for high quality and freshness in packaged foods has led to the usage of
sophisticated packaging techniques based on the application of plastic films.
According to plastic type, polypropylene plastic film dominated the market in
2017 and was valued at US$ 107,163.0 thousand. The segment is expected to grow
at a faster rate due to its application in the packaging field in food and
beverage due to its lightweight, hygienic properties. It is utilized majorly in
maintaining and enhancing the quality of packaged food.
Some of the key players in the laser micro perforation
equipment market include B&B Verpackungstechnik GmbH, Coherent-ROFIN,
Comexi Group, El.En. S.p.A., AZCO Corp., Guangzhou Laisai Laser Equipment Co.,
Ltd., Han’s Laser Technology Industry Group Co., Ltd., ID Technology, LLC,
Karlville Development, LLC, LaserPinSrl, LasX Industries, Inc., MaklausSrl,
MLT – Micro Laser Technology GmbH, PERFOTEC B.V., Preco Inc., PTS Progressives
Engineering, SeiS.p.a, Stewarts of America, Inc., Synrad Inc., and
Universal Converting Equipment. The key players operating in the laser micro
perforation equipment market adopt numerous strategies to sustain in the
market. Product development and acquisition and partnership are some of the
main strategies adopted by key players to gain a competitive edge.
The laser micro perforation equipment market is segmented
below:
Laser Micro Perforation Equipment Market:
By Product Type
- Co2
Lasers
- Nd:
YAG Lasers
By Plastic Film Type
- Polyethylene
(PE)
- Polypropylene
(PP)
- Polyethylene
Terephthalate (PET)
By Geography
- North
America
- Europe
- Asia
Pacific
- Middle
East & Africa (MEA)
- South
America
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