Global Metallized Film Market: Overview
Remarkable growth in the packaging industry worldwide is expected to drive the global metallized film market. Barrier properties of metallized films make them ideal for packaging applications across various industries.
The global metallized film market has been segmented on the basis of metal, material, end-use and region.
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Global Metallized Film Market: Notable Developments
The following development is likely to impact the dynamics of the global metallized film market:
- In 2018, Flex Films (USA) Inc. invented FLEXMETPROTECTTM F-HMB film, which is a high barrier metallized film. The barrier film provides top-notch high adhesion to metal under extremely harsh environmental conditions. The product exhibits better craze, scratch, and scuff resistance thereby providing unparalleled robustness in the processing and performance of converters.
Flex Films Inc.,Cosmo Films Limited, Jindal Poly Films Limited,Toray Industries Inc.,and Polyplex Corporation Ltd.,are some of the renowned players of the global metallized film market.
Global Metallized Film Market: Growth Drivers
Impressive Growth in the Packaging and Decorative Industry Bolsters Market Demand
Growth of the global metallized film market is likely to be triggered by strides being witnessed by the packaging industry. Packaging industry has witnessed impressive growth over the last few years, mainly on the back of phenomenal growth of the e-commerce sector. Metallized films are usually laminated onto other paper or film. It gives an impressive look that adds to the aesthetic value of a product. Metallized filmsare utilized to add barrier property to the packaging of snacks, tobacco, coffee and various processed vegetables and fruits.
Burgeoning demand for metallized films is driven by the growing demand for packaged food products. Global metallized film market is likely to be stimulated by the increased need for prolonged shelf life of various food products such as cheese, milk, and meat.
Additionally, metallized films are used for decorative purposes. They are used for decoration with ribbons, wrappers, balloons, paper plates, and fancy boxes. Metallized films are also useful when it comes to decoration of billboards, race cars, and for various promotional signage. Like packaging the industry, rapid expansion of the e-commerce sector is likely to add impetus to the impressive growth of the decorative industry, which will, in turn, fuel global metallized film market.
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Aluminum Emerges as Most Preferable Material for Metallized Film Making
Of all the materials used in the making of metalized film, aluminum is the most commonly used one, mainly owing to its cost-effectiveness. Aluminum is a silvery-white, lightweight metal that is derived from bauxite ore. It is extremely resistant to most types of corrosion and its natural coating of aluminum oxide gives an extremely effective barrier against chemical, moisture, temperature, and air attacks.
Metallized film made of aluminum is used in the packaging of various food products. Such extensive use and demand for aluminum is adding impetus to the growth of global metallized film market.
Global Metallized Film Market: Regional Outlook
Of all the geographies, Europe is anticipated to be a leading region in the global metallized film market. The major growth factors driving Europe metalized film market share are the increasing demand foreasy-to-handle, consumer-friendly, and lightweight products. In Europe, pouches have become a significant form of packaging due to their functionality and ease of use.
Asia Pacific is another important region in the global metallized film market. Growth of the market in this region is because of the rising demand for metalized films from the e-commerce sector in countries like South Korea, Singapore, India, and Japan.
The global metallized film market is segmented as:
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