Global Metallized Film market is expected to register a CAGR of around 6% over the period of 2022-2028. Metalized films, commonly referred to as polymer films, are coated with a thin coating of metal, such as copper, aluminum, nickel, or chromium. These films have a shiny metallic appearance and are made by the physical vapor deposition method. These films also increase the shelf-life of the food goods by providing transparency, high tensile strength, insulation from heat and gas, and smell barrier qualities. The main drivers of the global metalized film market are anticipated to be rising end-user demand and expanding food and beverage industry demands. Additionally, the market will expand due to the rising demand for packaging that is consumer-friendly and products that have a longer shelf life. Furthermore, mergers & acquisitions, and expansions also attributes to the market growth of metalized films. For instance, in February 2020, Jindal Poly Films approved an investment of USD 99.4 million (INR 700 crores) for the expansion of its company’s operations in India, adding a polyester film line and BOPP film line.
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According to UnivDatos Market Insights (UMI)’ research
report “Global Metallized Film Market”, the market is expected to witness a CAGR of around 6% during the
forecast period 2022-2028F. The primary factor driving the market growth rate is the
surge in demand for metalized film from the cosmetics and personal care
industries.
Based
on material, the market is bifurcated
into polypropylene (PP), polyethylene terephthalate (PET), and others. The
polypropylene (PP) segment is estimated to account for the largest share of the
metalized film market. The PP metalized film has a decent oxygen barrier but a weak moisture barrier. This film has been metalized to strengthen its barrier capabilities and the shelf life of packaged goods.
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Based on the end-user, the market is categorized into packaging, decorative, and
others. Amongst them, the packaging segment is expected to have a significant
share of the market during the forecast period. The market is being driven by
factors such as rising consumer demand for packaged food products and their
long shelf lives and the popularity of creative packaging. Furthermore, with
the rise of the pharma & biopharmaceutical companies, the demand for strong
packaging also increases.
APAC to witness extensive
growth
For a better understanding of the market adoption of metalized
film, the market is analyzed based on its worldwide presence in the countries
such as North America (United States, Canada, Rest of North America), Europe
(Germany, France, Spain, United Kingdom, Italy, and Rest of Europe),
Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of
World. Asia-Pacific has a significant market share in the metalized film market
owing to the rising demand from the food & beverage industry along with an increase
in research & development activities in the region. Furthermore, due to the
rising awareness about the effects of plastic packaging on the environment and
the rising adoption of alternative packaging methods the market for metalized
films has increased.
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According to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the global metalized film market Dunmore corporation, Cosmo
first ltd, Avery Dennison corp., Sierra coating technologies LLC, Accrued
plastic ltd., Innovia films ltd., Taghleef industries group, Jindal poly films
limited, Polifilm group, and Klöckner Pentaplast Group. Several M&As along with
partnerships have been undertaken by these players to boost their presence in
different regions.
“Global Metallized
Film Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of go-to-market strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
1. By Material
(Polypropylene (PP),
Polyethylene Terephthalate (PET), and Others)
2. By
End-Use (Packaging, Decorative, and Others)
3. By Region
(North America, Europe, Asia-Pacific, Rest of the
World)
4.
By Company (Dunmore corporation, Cosmo first ltd, Avery Dennison corp.,
Sierra coating technologies LLC, Accrued plastic ltd., Innovia films ltd.,
Taghleef industries group, Jindal poly films limited, Polifilm group, and
Klöckner Pentaplast Group)
Key
questions answered in the study:
1. What
are the current and future trends of the global metalized film industry?
2. How
the industry has been evolving in terms of material and end-use?
3. How
the competition has been shaping across the countries followed by their
comparative factorial indexing?
4. What
are the key growth drivers and challenges for the global metalized film
industry?
5.
What is the customer
orientation, purchase behavior, and expectations from the global metalized film
suppliers across various region and countries?
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