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Publishing News and Press Releases

Metallized Film Market Size Forecast to Reach $2.8 Billion by 2026

(Publishing-NewsWire.com, November 13, 2021 ) Metallized Film Market size is forecast to reach US$2.8 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. The growing demand for customer-friendly packaging and longer shelf life of goods are the major factors that drive the growth of the market. Globally, the increasing demand for metallized low density polyethylene (LDPE) films, polystyrene films, and polycarbonates films owing to their tearing strength, lightweight, and antistatic properties would further drive the market growth. Additionally, the growing usage of metallized films to achieve barrier properties that are required to improve the product's shelf-life is also driving the market growth. Due to properties such as high tensile strength, clarity, reflectivity, barrier properties of gas and odour, and electrical isolation, metallized films are favored. In line with the thickness and width requirements needed by end-users, rising technical developments by several manufacturers for metallized films is estimated to drive the market growth.



Impact of Covid-19



COVID-19 pandemic has affected the overall growth of the metallized films market over the year 2020. Supply trade disruptions widely affected the demand and production for metallized film in import dependent countries. Moreover, shutdown of several manufacturing industries declined the demand for metallized films, which further affected the overall growth of the metallized films market.



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Metallized Film Market Segment Analysis –By Material Type



Low density polyethylene (LDPE) segment held the largest share in the metallized film market in 2020 and is expected to continue their dominance over the forecast period 2021-2026. Increasing demand for polymer such as low density polyethylene (LDPE), owing to its alluring properties such as high strength, toughness, resistance to corrosion, resilience, lack of conductivity (heat and electrical), transparency, color, processing, and low cost in several applications would further drive the market growth. Rising demand for polypropylene (PP) and polyethylene terephthalate (PET) for the production of metallized films for use in applications such as labeling, lamination, insulation, decoration, packaging, and others, would drive the market growth over the forecast period. Although the usage of polypropylene (PP) and polyethylene terephthalate (PET) materials for the production of metallized films is almost equal, polypropylene is expected to lead the market growth due to the rise in the number of R&D centers and production units using polypropylene.



Metallized Film Market Segment Analysis –By Application



Packaging segment has dominated the market for metallized film market in 2020, and is growing at a CAGR of 5.9% during 2021-2026. Metallized films are used in the packaging of frozen sweets, frozen food, electrical and electronic devices, medical equipment, food, drinks, textiles, coffee, vegetables and many others in order to preserve superior quality. In order to secure food products when packed, metalized film materials produce a protective layer of insulation. Furthermore, in the form of pouches, sacks, bag-in-box containers, wraps and many other ways that suit the packaging of the desired object, metalized film packages are used. Moreover owing to the superior properties such as corrosion resistant, light weight, and others, packaging industries often use aluminium above all other metals. Thus, due to the advantages of metalized film packaging compared to conventional packing materials the demand for metalized film is expected to rise rapidly during the forecast period.



Metallized Film Market Segment Analysis –By End-use Industry



Food and Beverage segment held the largest share in the metallized film market in 2020. Owing to the cost effective packaging solutions the demand for metallized film in the food and beverage sectors is anticipated to rise over the forecast period. Rising usage of low density polyethylene (LDPE) films, polystyrene films, and polycarbonates films owing to its excellent transparency, high thermoform ability, and superb printability, in food and beverage is further estimated to drive the growth of the market. Increasing usage of metallic film in beer and soft drink cans, food cans, open trays, caps and closures, and others in the food and beverage industry for packaging applications would further drive the growth of the market.



Metallized Film Market Segment Analysis - Geography



Europe dominated the metallized film market share with more than 45.4% in the year 2020. In all industries, including countries such as Germany, the United Kingdom, Italy and others, exports from the European Union are increasing. The EU has a total trade of US$ 807 billion, with US$ 319 billion in exports from the United States and US$ 448 billion in imports in 2018, establishing a major market for the packaging industry. Bollore Inc (France), Clifton Packaging Company, Flex Films, Polinas and Jindal Films are some of the main producers of metal films in this region. Moreover, the rising demand for packaging in several end use industries would further drive the growth of the industry over the forecast period. The above factors, coupled with government support, are anticipated to lead towards the growing demand for metallized films in the projected time period.



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Metallized Film Market Drivers



Increasing Demand From Decorative Industries



For balloons, wrappers, ribbons, fancy boxes, and paper plates, metallized films are used for decorative purposes. Furthermore films are also used to decorate racing cars, billboards, and commercial signs for the short term. Due to its high visibility, high resistance to moisture and oxygen, and good adhesion of the aluminium layer to the film, metallized films are also used in gift wrap applications. The wrap of gift, flower, bouquet, candy, and basket is also used with metallized film. Due to the expanded consumer base and growing application of innovative products, the global decorative industry witnessed an amazing growth. One of the key factors expected to boost demand for decorative packaging is increasing e-commerce. In turn, this is driving the market in the decorative industry for metallized film.



Use Of Metallized Film In Several Packaging Industry Drives The Global Metallized Film Market



The packaging industry is the largest metallized film customer. Due to the growing need for food products, the segment is expected to continue dominating the overall metallized film industry. The growing demand for flexible packaging in the food & beverage packaging industry provides opportunities for the metallized film market. Consumers look for easy mealtime options due to busy and hectic lifestyles. The main metallized film customer is the packaging industry. The segment is expected to continue to dominate the overall metallized film industry due to the increasing need for food products. According to the India Brand Equity Foundation, the food processing sector in India is one of the largest in the world, with output expected to reach $535 billion by 2025-26. The Indian food industry is growing at an 11% CAGR, with the food processing sector accounting for 32% of the total food industry. Rising incomes and a growing demand for healthy, packaged foods ensure that this industry will never face a recession. The increasing demand in the food & beverage packaging industry for flexible packaging creates opportunities for the metallized film market.



Metallized Film Market Challenges



Product Inspection Problems



Rising product inspection problems in metallized films is estimated to hinder the growth of the market. Metal detectors are not able to inspect packaging with a metalized film layer. Because the detection system cannot tell whether the metal it detects is a foreign contaminant or packaging material, metal detectors cannot be used to inspect items for any potential food safety issues. Thus, this is something that should be considered by the food producers to keep in mind when choosing the right inspection solution. Moreover, the metallized films are not the most common foreign items in many different food industries. With the rising product inspection problems faced by the metallized film in several packaging solutions the market is anticipated to decline over the forecast period.



Metallized Film Market Landscape



Technology launches, acquisitions and R&D activities are key strategies adopted by players in the metallized film market. Major players in the metallized film market are Cosmo Films Ltd., Sierra Coating Technologies LLC, Avery Dennison Corp., Accrued Plastic Ltd., Innovia Films Ltd., Invico S.A., Jindal Poly Films Limited, Taghleef Industries Group, Dunmore Corporation, Flex-Film International BV, and among others.



Acquisition/Product Launches:



In January 2019, Taghleef Industries (Ti) acquired the Biofilm Company, a leading manufacturer of metallized BOPP films for labels, flexible packaging, and industrial applications, to expand its presence in Latin America.



Key Takeaways



Europe dominated the metallized film market due to the rising growth of the packaging industry in countries such as Germany, the United Kingdom, Italy and others.



Increasing usage of metallized film owing to its cost-effectiveness with specialized applications such as insulation and electronics, for decorative purposes and food packaging is projected to raise the growth of the market.



Furthermore, metallized film manufacturers provide a number of adhesion supporting polyester films along with a mixture of plasma gases to achieve excellent metal adhesion. Thus, this is further estimated to drive the growth of the market.



Related Reports:



A. Industrial Films Market

https://www.industryarc.com/Research/Industrial-Films-Market-Research-500234



B. TAC Film Market

https://www.industryarc.com/Research/TAC-Film-Market-Research-501473



For more Chemicals and Materials Market reports, please click here



About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

IndustryARC

Venkat Reddy

(+1) 970-236-3677

venkat@industryarc.com

Source: EmailWire.Com

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