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Navigating the Future: Metalized Flexible Packaging Market Report 2023 Unveiled
Metalized Flexible Packaging Market Report
The Business Research Company's Metalized Flexible Packaging Global Market Report 2023 identifies the increasing demand for sustainable packaging is the major driver for the metalized flexible packaging market's growth in the forecast period. Packaging solutions that have minimal environmental impact and footprint are referred to as sustainable packaging. The metalized flexible packaging can be recycled and helps in reducing solid waste and the carbon footprint. For instance, according to an article published by Drapers, a UK-based business-to-business magazine and website, 64% of UK customers are likely to make purchases from merchants who use eco-friendly packaging and 50% of people are willing to pay more for sustainable packaging and delivery.
The global metalized flexible packaging market size will grow from $5.29 billion in 2022 to $6.03 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of metalized flexible packaging is expected to grow to $10.56 billion in 2027 at a CAGR of 15.1%.
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Major competitors in the metalized flexible packaging market are Amcor Limited, Ester Industries Ltd., Mondi Group, UPM-Kymmene Oyj, Nissha Co Ltd., Sonoco Products Company, Huhtamäki Oyj.
A key trend in the metalized flexible packagingmarket includes product innovations. Major companies operating in the metalized flexible packaging sector is focused on introducing new technologies to strengthen their market position. For instance, in November 2021, Cosmo Films Ltd., an India-based company that manufactures specialty films for flexible packaging launched the enhanced barrier metalized BOPP Film. This product's unique features include improving the shelf life of the packaged product and also helping in creating mono material eco-friendly structures.
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The metalized flexible packaging market is segmented -
1) By Material Type: Aluminum Foil-Based Flexible Packaging, Metalized Film Flexible Packaging
2) By Packaging Type: Bags, Pouches, Wraps, Rollstock, Other Packaging Types
3) By Application: Packaging, Decoration, Printing And Lamination, Labelling, Insulations
4) By End-Use Industry: Food, Beverage, Personal Care, Pharmaceuticals, Pet Food, Other End-Use Industries
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the metalized flexible packaging market.
The Business Research Company's "Global Metalized Flexible Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Metalized Flexible Packaging Market Include:
1. Executive Summary
2. Metalized Flexible Packaging Market Characteristic
3. Metalized Flexible Packaging Market Trends And Strategies
4. Metalized Flexible Packaging Market - Macro Economic Scenario
5. Metalized Flexible Packaging Market Size And Growth
……………
27. Metalized Flexible Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metalized Flexible Packaging Market
29. Metalized Flexible Packaging Market Future Outlook And Potential Analysis
30. Appendix
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