Wilmington, Delaware, United States, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global metalized flexible packaging market was estimated to have acquired US$ 4.1 billion in 2021. It is anticipated to register a 4.4% CAGR from 2022 to 2032 and by 2032, the market is likely to gain US$ 62.8 billion.
Metalized flexible packaging is not limited to a single industry. It finds applications in industries beyond food and beverages, such as electronics, chemicals, and industrial products. Research and development efforts are ongoing to create metalized flexible packaging materials that are even more sustainable, cost effective, and environmentally friendly.
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The use of digital printing technology in the packaging industry is growing. Metalized flexible packaging materials can be digitally printed with high quality graphics and variable data, allowing for shorter print runs and more personalized packaging. Metalized packaging can incorporate anti counterfeiting features like holographic effects or unique security patterns, which can be essential for high value and pharmaceutical products.
Key Findings of the Market Report
- The growth of e-commerce and direct to consumer sales is leading to increased demand for durable and attractive packaging that can withstand the rigors of shipping.
- The pharmaceutical and healthcare industries are also adopting metalized flexible packaging for products that require protection from light, oxygen, and moisture, which provides a niche but growing market segment.
- Developing economies, with rising disposable incomes and changing lifestyles, are creating new opportunities for the metalized flexible packaging market.
- Lightweight packaging materials, such as metalized films, offer an advantage, as the emphasis on reducing packaging waste and transportation costs grows.
Market Trends for Metalized Flexible Packaging
- The food and beverage industry is a significant consumer of metalized flexible packaging. The demand for packaged food and beverages continues to increase, as the global population grows, which drives the demand for innovative and functional packaging solutions.
- Stand up pouches with metalized films are becoming increasingly popular for various products due to their convenience, shelf appeal, and enhanced barrier properties.
- Ongoing advancements in metallizing and coating technologies are allowing manufacturers to develop metalized films that offer better barrier properties, improved printing capabilities, and cost efficiency.
- Metalized flexible packaging offer excellent printing capabilities, making it an attractive option for branding and product differentiation.
Global Market for Metalized Flexible Packaging: Regional Outlook
Various reasons are propelling the growth of the metalized flexible packaging market in different regions.
Asia Pacific
- The pharmaceutical and healthcare industries in Asia Pacific are growing rapidly. Metalized flexible packaging is used in these industries to package a variety of products, including pharmaceuticals, medical devices, and cosmetics.
- More businesses and consumers in Asia Pacific are becoming aware of the benefits of metalized flexible packaging, such as its superior barrier properties, extended shelf life, and lightweight design, which is driving demand for metalized flexible packaging in the region.
Europe
- The e-commerce industry in Europe is growing rapidly, which is driving demand for metalized flexible packaging for packaging and shipping products. Governments in Europe are implementing regulations to promote the use of sustainable packaging solutions, which is supporting the growth of the metalized flexible packaging market in the region.
- The demand for organic and natural food is increasing in Europe as consumers become more aware of the health and environmental benefits of these products. Metalized flexible packaging is a good choice for packaging organic and natural food as it preserves the freshness and quality of the product.
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Global Metalized Flexible Packaging Market: Key Players
The following companies are well known participants in the global Metalized Flexible Packaging market:
- Klöckner Pentaplast GmbH
- Toray Plastics (America), Inc.
- Treofan Group
- Amcor Plc
- P.H. Glatfelter Co
- Verso Corporation
- Lecta SA
- UPM-Kymmene Oyj
- Nissha Co., Ltd.
- Dunmore Corporation
- SRF Limited
- Cosmo Films Ltd
- Polyplex Corp. Ltd
- Uflex Ltd
- Jindal Poly Films Limited
- Sealed Air Corp
- Sonoco Products Company
- Ester Industries Ltd.
- Constantia Flexibles Group GmbH
Few of the key developments by the players in this market are:
| Company name | Key Development |
| Amcor |
|
| Constania Flexibles |
|
| UFlex |
|
Global Metalized Flexible Packaging Market Segmentation
Material
- Plastic
- Metallized PP
- Metallized PET
- Metallized PA
- Metallized PE
- Metallized PVC
- Other Plastics
- Paper
Application
- Packaging
- Bags & Pouches
- Sachets
- Wrapping Films
- Lidding Films
- Decoration
- Printing & Lamination
- Labelling
- Insulations
End Use
- Packaging
- Food & Beverage
- Pharmaceuticals
- Cosmetics & Personal Care
- Automotive
- Electricals & Electronics
- Others
- Non-Packaging
- Consumer
- Commercials
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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