Metallized Film Market worth $3.3 billion by 2026 - Exclusive Report by MarketsandMarkets™
CHICAGO, Nov. 9, 2021 /PRNewswire/ -- According to the new market research report "Metallized Film Market by Material Type (PP and PET), Metal (Aluminum), End-use Industry (Packaging, Decorative), And Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2026", published by MarketsandMarkets™, the 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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=82604703
Browse in-depth TOC on "Metallized Film Market"
170 – Market Data Tables
48 – Figures
182 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/metallized-film-market-82604703.html
Metallized films are available in flexible form and used in a wide range of end-use industries, including food & beverage, pharmaceutical & medical, cosmetics, agriculture, and industrial. The variety of applications and the high demand in emerging economies are expected to drive the metallized film market. 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.
Packaging: Largest end-use industry of metallized film market
The packaging industry in the biggest consumer of metallized films. The segment is expected to continue dominating the overall metallized film market owing to the rising need for food products. Increasing demand for flexible packaging offers opportunities for the metallized film market in the food & beverage packaging industry. Owing to busy and hectic lifestyles, consumers opt for convenient mealtime solutions. This puts ready-to-eat meals in flexible packaging formats in a good position to take advantage of the current social and economic trend. Flexible packaging is the most cost-effective method to package, preserve, and distribute food, beverages, pharmaceuticals, and other products that need extended shelf life. These factors are expected to drive the demand for metallized films in the packaging industry.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=82604703
Aluminum Metallized Film: Largest segment of metallized film market
Based on metal, the aluminum segment accounted for the largest share of the overall metallized film market. Aluminum metallized films offer excellent barrier performance against water vapor & gases, good metal bond strength, glossy appearance, good lamination bond strength, and good thermal & mechanical properties. These films are used in the packaging of snacks, frozen food, sweets and pastries, frozen desserts, coffee, and so on. The food packaging industry is growing due to the high demand from the growing middle-class population in developing countries.
High demand from APAC: Major driver for metallized film market
APAC is expected to be the largest and fastest-growing market for metallized films, in terms of value and volume, during the forecast period. This high growth is due to the increasing demand from industries such as packaging and decorative. Economic development in India and China, along with the expansion of food & beverages and pharmaceutical industries, is a major factor driving the demand for metallized films in the APAC region. The major factors behind APAC's high market share are high demand for lightweight, consumer-friendly, and easy-to-handle products. Growing focus on sustainability, increased need for extended shelf life, rising standards of hygiene, and consumer focus on ease of use are the key drivers of the metallized film market in the region.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=82604703
Key players profiled in the metallized film market report include Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Polinas (Turkey), and Toray Industries Inc. (Japan).
Browse Adjacent Market: Chemicals Market Research Reports & Consulting
Related Reports:
Barrier Film market by Material (PE, PET, PP, PA, Organic Coatings, Inorganic Coatings), End-Use Industry (Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture), Region (Asia Pacific, North America, Europe) - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/barrier-film-market-243253563.html
Flexible Plastic Packaging Market by Type (Stand-Up Pouches, Flat Pouches, Gusseted Bags, Wicketed Bags, Wraps, Rollstock), Material (Plastic Films, Paper, Aluminum Foil, Bioplastics), Printing Technology, Application, and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/flexible-packaging-market-1271.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/metallized-film-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/metallized-film.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article