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.
New York, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Metallized Film Market by Material Type, Metal, End-use Industry And Region - Global Forecast to 2026" - https://www.reportlinker.com/p05482349/?utm_source=GNW
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 packaging and electronics industries
Rising demand from APAC is major driver for 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.
Breakup of Primary Interviews:
• By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation: C Level – 34%, D Level – 26%, and Others – 40%
• By Region: APAC – 61%, Europe – 15%, North America – 11%, Middle East & Africa – 7%, and South America – 6%
Key companies profiled in this report include Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Polinas (Turkey), and Toray Industries Inc. (Japan).
The metallized film market report has been segmented on the basis of material (PP, PET), metal (aluminum, others), end-use industry (packaging, decorative), and region (North America, Europe, Asia Pacific, South America, Middle East & Africa).The end-use industry segment is further analyzed for each country in the respective regions.
The report also provides company profiles and competitive strategies adopted by key players in the metallized film market.
Reasons to Buy the Report:
From an insight perspective, this research report focuses on various levels of analyses—industry analysis (industry trends), market share analysis of top players, value-chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on metallized film offered by top players in the metallized film market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the metallized film market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for metallized film across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the metallized film market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the metallized film market
Read the full report: https://www.reportlinker.com/p05482349/?utm_source=GNW
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