Press release
Metalized Flexible Packaging Market Research 2024-2033 - Outlook, Overview
Metalized Flexible Packaging Market
The Business Research Company presents an extensive market research report on the Metalized Flexible Packaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The metalized flexible packaging market size has grown rapidly in recent years. It will grow from $5.86 billion in 2023 to $6.62 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to market penetration in diverse industries, impact of regulatory standards, rise in convenience packaging demand, innovation in sustainable packaging solutions, expanding pharmaceutical sector usage.
The metalized flexible packaging market size is expected to see rapid growth in the next few years. It will grow to $10.88 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to growing demand for sustainable packaging, expansion in e-commerce and home delivery services, shift towards convenience and on-the-go packaging, increasing utilization in personal care products, rise in ready-to-eat food products. Major trends in the forecast period include shift towards smart packaging technologies, demand in personal care and cosmetics, adoption in pharmaceutical and healthcare sectors, innovation in convenience features, eco-friendly packaging solutions.
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Key Market Players:
Major companies operating in the metalized flexible packaging market report are Polinas Group, Dow Packaging & Specialty Plastics LLC, Amcor Limited, Berry Global Group Inc., Mondi Group, Sonoco Products Company, Sealed Air Corporation, Transcontinental Inc., Verso Corporation, Jindal Poly Films Limited, AR Metallizing N.V., Toray Plastics Inc., Celplast Metallized Products Limited, Constantia Flexibles Group GmbH, Cosmo Films Ltd., Dunmore Corporation, Ester Industries Ltd., Flex Films Inc., Huhtamäki Oyj, Impex Global LLC, Klöckner Pentaplast GmbH, Nissha Co Ltd., Polibak Plastik Film Sanayi Ve Ticaret A.S., Polyplex Corporation Limited, Taghleef Industries, Treofan Germany GmbH & Co KG, Tri-Wall Europe Limited, Uflex Limited, UPM-Kymmene Oyj, Vacmet India Ltd.
Market Drivers:
The increasing demand for sustainable packaging is expected to propel the growth of the metalized flexible packaging market going forward. 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. Therefore, increasing demand for sustainable packaging is driving the demand for the growth of the metalized flexible packaging market.
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The metalized flexible packaging market covered in this report 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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