The metallized film market is estimated at USD 2.20 billion in 2018 and is projected to reach USD 2.82 billion by 2023, at a CAGR of 5.09% from 2018 to 2023
NEW YORK, August 6, 2018 /PRNewswire/ -- Metallized film market projected to grow at CAGR of 5.09%
The metallized film market is estimated at USD 2.20 billion in 2018 and is projected to reach USD 2.82 billion by 2023, at a CAGR of 5.09% from 2018 to 2023. The growth of the market is driven by the increasing demand from end-use industries, such as packaging and decorative, mostly from the Europe region. The use of metallized film has certain drawbacks regarding product inspection, especially in food packaging. This is a drawback that severely restricts its range of uses.
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Packaging to be the largest end-use industry segment of metallized film market
Metallized films are used in various end-use industries, such as packaging and decorative.Metallized films help increase the product life and reduce the use of preservatives.
Metallized films also act as a printing substrate, which provides aesthetic appeal to the product.The food & beverages industry is shifting from traditional packaging formats to lightweight and easy-to-handle packaging.
Metallized films help cater to this demand as they are lightweight compared to rigid packaging and eliminate the use of glass and cans which increases the weight of packaging.To avoid the loss of aroma and to avoid odor, metallized films are used as they provide protection against oxygen, moisture, vapor, and aroma.
These factors are expected to drive the demand for metallized films in the packaging end-use industry during the forecast period.
Rising demand from APAC is major driver for metallized film market
APAC is estimated to account for the second-largest share of the metallized film market in 2018, in terms of both volume and value.The market in this region is also projected to register the highest CAGR between 2018 and 2023, in terms of value.
The APAC metallized film market is growing due to the rapid expansion of end-use industries such as food & beverages, healthcare, and cosmetics & toiletries. Factors such as rising disposable income, changing lifestyles, and growing middle-class population are expected to drive the demand for packaging, which in turn, will support the growth of the metallized film market in the region.
Extensive primary interviews have been conducted and information has been gathered from secondary research to determine and verify the market size of several segments and subsegments.
Breakup of Primary Interviews:
• By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation: C Level – 34%, D Level – 26%, and Others – 40%
• By Region: APAC – 61%, Europe – 15%, North America – 11%, Middle East & Africa – 7%, and South America – 6%
Key companies profiled in this report include Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Polinas (Turkey), and Toray Industries Inc. (Japan).
Research Coverage:
The metallized film market report has been segmented on the basis of material (PP, PET), metal (aluminum, others), end-use industry (packaging, decorative), and region (North America, Europe, Asia Pacific, South America, Middle East & Africa).The end-use industry segment is further analyzed for each country in the respective regions.
The report also provides company profiles and competitive strategies adopted by key players in the metallized film market.
Reasons to Buy the Report:
From an insight perspective, this research report focuses on various levels of analyses—industry analysis (industry trends), market share analysis of top players, value-chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on metallized film offered by top players in the metallized film market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the metallized film market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for metallized film across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the metallized film market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the metallized film market
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