Market Research Report
Metalized Flexible Packaging - Global Market Outlook (2019 -2027)
|Metalized Flexible Packaging - Global Market Outlook (2019 -2027)|
Published: March 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Metalized Flexible Packaging Market is accounted for $3.91 billion in 2019 and is expected to reach $6.62 billion by 2027 growing at a CAGR of 6.8% during the forecast period. Rise in demand for longer shelf life of products and increasing demand for customer-friendly packaging are the major factors propelling the market growth. However, factors such as stringent government rules and regulations and volatile raw material costs are hampering the market growth.
Metallised films (or metalized films) are polymer films coated with a thin layer of metal, usually aluminium. They offer the glossy metallic appearance of an aluminium foil at a reduced weight and cost. Metallised films are widely used for decorative purposes and food packaging, and also for specialty applications including insulation and electronics. The coating also reduces the permeability of the film to light, water and oxygen. The properties of the film remain, such as higher toughness, the ability to be heat sealed, and a lower density at a lower cost. Metalized flexible packaging is rapidly replacing traditional aluminium foil packaging and rigid containers.
Based on end user, the food segment is going to have a lucrative growth during the forecast period owing to the changing consumer sentiments, rising demand for packaged & processed food backed by growth in population. Rising awareness among consumers about the nutritional value of food and growing demand for convenience food has further led to the development of metalized flexible packaging for the food industry. The demand for the longer shelf life of food products, such as meat, milk, and cheese, is also expected to drive the market.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the industrial developments and improving economic conditions in the region. The presence of a number of plastic products manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the metalized flexible packaging market during the forecast period. Moreover, the rising demand for ready-to-eat food, convenience food, and processed & semi-processed food offer growth opportunities for the metalized film market in the region.
Some of the key players profiled in the Metalized Flexible Packaging Market include: Amcor Limited, Clondalkin Group, Constantia Flexibles, Cosmo Films Ltd, Huhtamaki, Mondi Group, Polyplex Corporation Limited, Sealed Air Corp, Sonoco Products Company, and Transcontinental Inc.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.