Market Research Report
Global High Barrier Metalized Film Market 2021-2028
|Published by||DataM Intelligence||Product code||945420|
|Published||Content info||180 Pages
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|Global High Barrier Metalized Film Market 2021-2028|
|Published: June 17, 2021||Content info: 180 Pages||
The Global High Barrier Metalized Film Market is expected to grow at a high CAGR during the forecasting period (2021-2028).
High Barrier Metalized Films are flexible polymer(polypropylene) films coated with layer(s) of metal using on one side. The metallic bonds not only provide strength to the film but also gives a metallic appearance. The film acts as a barrier preventing moisture, heat, light or air to pass through. Thus, it finds its applications in packaging of goods, foods, textile and capacitors, and various other industries.
Global High Barrier Metalized Film - Market Dynamics
The market is witnessing rising demand for high barrier metalized film packaging of foods.
Rising demand for packaging of food with high barrier metalized films
Packaging of foods using high barrier metalized film increases its shelf life and reduces the use of preservatives considerably. This allows the food to retain its health benefits and also creates a demand not only among people having a busy lifestyle but also among people who are quite health concerned. Another reason why it is becoming increasingly popular is the current pandemic which has compelled people to store food at a higher quantity. Food and Beverages industry finds this form of packaging very cost-effective compared to traditional forms of packaging like weak and harmful plastics, cans and glasses.
Rise in demand of plastic packaging
The market is also driven with a surge in the industrial demand for plastic packaging. According to the European plastics association, worldwide plastics production reached about 367 million tonnes for the year 2020, a slight decrease of 0.3% compared to 2019, because of the pandemic. However, the pandemic did not affect the production and consumption as was predicted on a global level.
Furthermore, according to the World Economic Forum, plastic packaging material cost has estimated around USD 80 to 120 billion annually around the globe. This also drives the growth of high barrier metalized film in the market during the study period.
Innovations in the field
There is a rise in the launch of new innovative and cost-effective films with high metal adhesion for superior barriers and protection for end-use products like pharmaceuticals, food, and beverages, chemicals, etc. For instance, in 2019, Cosmo Films, a global leader in specialty films for flexible packaging, lamination and labelling applications had launched a cast polypropylene (CPP) film for packaging applications requiring high moisture and oxygen barrier and high hot tack properties, e.g., in foods and beverages packing. Another instance, on 2nd October 2018, Flex Films had been launched high-barrier metalized polyester film which provides laminated flexible packaging structures.
Covid-19 Impact Analysis
Due to the lockdown imposed, the usage and thus, demand of certain plastic packaged goods have expectedly increased. The increased usage of products like masks, sanitizers, face shields and other plastic products. Further, city dwellers mainly relied on the restaurants for daily food consumption. Thus, the pandemic caused them to shift to packaged pre-processed or case-ready foods. The global consumption of consumer food and beverages has also reduced because of the disrupted supply chain which may cause the decrease in the demand of plastic for packaging. According to plasticeurope.org, worldwide plastics production reached about 367 million tonnes, a slight decrease of 0.3% compared to 2019.
Global High Barrier Metalized Film - Segment Analysis
The global high barrier metalized film market is segmented based on product type, end-user, and region.
In terms of product type the global high barrier metalized film market is divided into Metallised Polyethylene Terephthalate (MPET) Films, Ethylene vinyl alcohol (EVOH),Cast Polypropylene (CPP) Films, and others. PET films have the highest market share owing to the its application in the food and beverages industry. Polyethylene Terephthalate (PET) is an effective water and moisture barrier material, thus finding its use in plastic bottles for soft drinks. For certain specialty bottles, such as those selected for beer containment, PET sandwiches an additional polyvinyl alcohol (PVOH) layer to further reduce its oxygen permeability. Biaxially oriented PET film can be metallised by evaporating a thin film of aluminium metal onto it to reduce its permeability, and to make it reflective and opaque (MPET). These properties are useful in applications like flexible food packaging and thermal insulation. Although the global consumption of food and beverages is facing a slump, as the global economy recovers the demand will gradually rise leading to the increase in demand of PET films for the forecasted period. According to a report by Business Standard 2019, the
EVOH films have excellent flex-crack resistance, and exhibits a high resistance to hydrocarbons, oils and organic solvents. EVOH films has some of the best barrier resistance to gases such as oxygen, nitrogen, and carbon dioxide which makes it particularly suited for packaging pharmaceuticals, cosmetics, and other perishable products. When compared to other common films, EVOH is considered to have superior barrier properties. EVOH film is also widely used in the pharmaceutical industry, as the quality of packaging plays an important role in improving the shelf life of pharmaceutical products and minimizing losses. Due to its gas-resistant and light barrier characteristics, EVOH films for packaging market is expected to have high demand in the pharmaceutical industry in the forecasted years. As per the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), the pharmaceutical industry was valued around USD 1,430 billion in 2020 including the usage of EVOH and CPP for the packaging of pharma drugs and medicines. The reason it is not currently as common as PET is because it is more expensive. However, with the rapid growth of food industry, the demand for EVOH films is likely to increase.
Global High Barrier Metalized Film - Geographical Analysis
The Global High Barrier Metalized film market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa by region. Among all of the regions, the European region is dominated by a high barrier metalized film market due to the highest consumption in food and beverage industry and high investment in research and development of high barrier films for improving its efficiency. Increasing demand in pharmaceutical industry and growing application of barrier films in food and beverage industry will drive the market in the forecasting years. According to a report by FoodDrinkEurope website, EU food and beverages industry employs over 4.82 million people and generates over 1.2 trillion pounds. As the food & beverage industry needs packaging with the help of high barrier metalized film for protection, and avoiding moisture content.
According to plasticsEurope.org, in spite of the health, social, economic and financial impacts of COVID-19, China increased its plastics production and market share from 31 to 32%, in accord with the growth of its consumer industries. The North American market share remained stable at around 19% of the global production, while Europe's production decreased by more than 5%, from around 58 million tonnes to 55 million tonnes, representing a loss of 1 point of market share (from 16% in 2019 to 15% in 2020).
Global High Barrier Metalized Film - Competitive Analysis
The global high barrier metalized film market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities characterise the market competition. Winpak Ltd., The Mondi Group plc., Toray Plastics, LINPAC Packaging Limited, Schur Flexibles Holding GesmbH, Huhtamaki Oyj, Bischof & Klein GmbH & Co. KG, Celplast Metallized Products Ltd, Berry Global Group Inc., Ampac Holdings LLC., Plastissimo Film Co., Ltd., Amcor Limited, Uflex Ltd, Glenroy, are the leading market players with significant market share. Berry Global Group, Inc , in May 2021 , in order to gain more market share announced a 70 million dollar investment to enhance the growth in the consumer high barrier packaging films primarily for e-commerce, food and beverage applications. The investment supports innovation in barrier films lines along with infrastructure upgrades and other equipments across multiple sites in the North American manufacturing system. Major players are also receiving launching new technology advanced high barrier metalized film for packaging of foods and other goods including electronics, medicals, and pharmaceutical products. For instance, on 3rd July 2017, Celplast Metallized Products Limited has been installed an in-line top-coater metallizer for the production of protected high-barrier materials in the flexible packaging and converting industry around the world.
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