DUBLIN, December 06, 2021--(BUSINESS WIRE)--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).
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
Demand for Longer Shelf Life of Food Products
Increasing Demand for Customer-Friendly Packaging
Rising Demand for Metallized Films from Various End-Use Industries
Stringent Regulations on Automotive Films in Various Countries
Increasing Use of Metallized Films in the Electronics Industry
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
Publication Trends, 2017-2021
Accured Plastics Ltd.
All Foils Inc.
Avery Dennison Corporation
Celplast Metallized Products Limited
Chiripal Poly Films
Cosmo Films Limited
Jindal Poly Films Limited
Jolybar Filmtechnic Converting Ltd.
Kaveri Metallising & Coating Ind. Private Limited
Polyplex Corporation Ltd.
Taghleef Industries LLC
Toray Industries Inc.
Zhejiang Pengyuan New Material Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/le3s4y
View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005563/en/
Laura Wood, Senior Press Manager
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