Dublin, Dec. 06, 2021 (GLOBE NEWSWIRE) -- The "Metallized Film Market - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The metallized film market is projected to grow from USD 2.4 billion in 2020 to USD 3.3 billion by 2026, at a CAGR of 5.3% between 2021 and 2026.
Rising consumer demand for processed and packaged food items and shifting preference for aesthetically appealing products are fueling the demand for flexible packaging, which, in turn, is driving the market for metallized films. The use of metallized films has certain drawbacks regarding product inspection, especially in food packaging.
Metal detectors struggle to meet the specifications required by retailers/consumers when inspecting products in metallized film-coated pouches. This drawback limits the use of metallized films in food packaging applications.
PET to be the fastest end-use industry segment of metallized film market
The market for the PET segment is projected to witness a CAGR of 4.7%, in terms of volume, during the forecast period. The market for this segment is driven by its low cost and wide usage in various applications. Polyethylene Terephthalate (PET) has excellent dimensional stability, high tensile strength, low moisture absorption, good chemical resistance, excellent electrical properties, and good barrier properties.
This film can be metallized, which improves its gas barrier properties. PET is completely recyclable and is, hence, in high demand in various end-use industries. Metallized PET films are ideal for applications that require the preservation of flavor and freshness. These films are suitable for various applications in the packaging industry as well as in the industrial sector.
The PET-based metallized films segment is expected to register the highest growth in the APAC region. This high growth is attributed to the high demand from the packaging and electronics industries
Rising demand from APAC is a major driver for the metallized film market
APAC is estimated to account for the second-largest share of the metallized film market in 2018, in terms of both volume and value.
The market in this region is also projected to register the highest CAGR between 2018 and 2023, in terms of value. The APAC metallized film market is growing due to the rapid expansion of end-use industries such as food & beverages, healthcare, and cosmetics & toiletries.
Factors such as rising disposable income, changing lifestyles, and growing middle-class population are expected to drive the demand for packaging, which in turn, will support the growth of the metallized film market in the region.
The metallized film market in the decorative industry accounted for the second largest share of 3.3%, in terms of volume, in 2020 to reach a market size of 42 kilotons by 2026.
The global decorative industry witnessed a significant growth, owing to the expanded customer base and increasing application in innovative products. The growing e-commerce is one of the major factors which is expected to drive the demand for decorative packaging. This, in turn, is driving the demand for metallized films in the decorative industry.
Extensive primary interviews have been conducted and information has been gathered from secondary research to determine and verify the market size of several segments and subsegments.
Key companies profiled in this report include Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Polinas (Turkey), and Toray Industries Inc. (Japan).
Premium Insights
- Emerging Economies Offer Lucrative Growth Opportunities for Market Players
- Aluminum Metallized Films Segment to Dominate the Overall Metallized Film Market
- Pp Segment and China Accounted for the Largest Shares
- Developing Markets to Grow Faster Than Developed Markets
- India to be the Fastest-Growing Market in the Region
Market Dynamics
Drivers
- Demand for Longer Shelf Life of Food Products
- Increasing Demand for Customer-Friendly Packaging
- Rising Demand for Metallized Films from Various End-Use Industries
Restraints
- Stringent Regulations on Automotive Films in Various Countries
Opportunities
- Increasing Use of Metallized Films in the Electronics Industry
Challenges
- Issues in Product Inspection
- Issues in the Supply Chain Due to COVID-19
Macroeconomic Overview and Key Trends
- Trends and Forecast of GDP
- Increase in Middle-Class Population, 2019-2025
Operational Data and Key Industry Trends
- Pharmaceutical Sales Globally 2017-2020
- Packaged Food Sales Globally 2017-2019
Metallized Films Patent Analysis
- Methodology
- Publication Trends
- Publication Trends, 2017-2021
- Insight
- Jurisdiction Analysis
Companies Mentioned
- Accured Plastics Ltd.
- All Foils Inc.
- Avery Dennison Corporation
- Bollore Inc.
- Celplast Metallized Products Limited
- Chiripal Poly Films
- Cosmo Films Limited
- Dunmore
- Ester Industries
- Jindal Poly Films Limited
- Jolybar Filmtechnic Converting Ltd.
- Kaveri Metallising & Coating Ind. Private Limited
- Klockner Pentaplast
- Manucor S.P.A.
- Patidar Corporation
- Polinas
- Polyplex Corporation Ltd.
- Rol-Vac, Lp
- Srf Limited
- Sumilon
- Taghleef Industries LLC
- Toray Industries Inc.
- Uflex Ltd.
- Ultimate Films
- Zhejiang Pengyuan New Material Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/mzg615
