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Global Metalized Flexible Packaging Market 2024 - Growth Opportunities, Insights into the Future, Regional Segmentation, Latest Innovations, and Forecast Until 2033
Global Metalized Flexible Packaging Market
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.
Market Overview -
Metalized flexible packaging is the packaging process that uses thin layers of metals or metal-mounted packaging materials to pack products whose shape can be changed during packaging. The metalized flexible packaging is used in packaging products that are sensitive to light and to increase product shelf life.
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Metalized Flexible Packaging Market Thrives On Growing Demand For Eco-Friendly Solutions
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.
Competitive Landscape -
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.
Enhanced Barrier Metalized Bopp Film Redefining Trends In The Metalized Flexible Packaging Market
Product innovations have emerged as the key trend gaining popularity in the metalized flexible packaging market. 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. The product has been specially curated for applications such as flexible packaging for lamination, packaging of biscuits, snacks, bakery products, chocolates, and personal care products including shampoo sachets where a moisture barrier is of utmost importance. This film provides a good heat seal strength and cold seal adhesive on the non-metallic side.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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