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 MAs 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:
- By Material (Polypropylene (PP), Polyethylene Terephthalate (PET), and Others)
- By End-Use (Packaging, Decorative, and Others)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- 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:
- What are the current and future trends of the global metalized film industry?
- How the industry has been evolving in terms of material and end-use?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global metalized film industry?
- What is the customer orientation, purchase behavior, and expectations from the global metalized film suppliers across various region and countries?
