PUBLISHER: The Business Research Company | PRODUCT CODE: 1436485
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436485
Metalized flexible packaging involves the use of thin layers of metals or metal-coated materials to package products that can change shape during packaging. This type of packaging is employed for products sensitive to light and to extend their shelf life.
In the metalized flexible packaging market, materials such as aluminum foil-based flexible packaging and metalized film flexible packaging are prominent. Aluminum foil-based metalized flexible packaging is used to protect products from moisture, volatile aroma, and light, thereby extending their shelf life. This type of packaging acts as a barrier to moisture and light, offering protection for various products. The packaging types range from bags, pouches, wraps, roll stock, and others, and they find applications in packaging, decoration, printing and lamination, labeling, and insulation across industries such as food, beverage, personal care, pharmaceuticals, pet food, and others.
The metalized flexible packaging market research report is one of a series of new reports from The Business Research Company that provides metalized flexible packaging market statistics, including metalized flexible packaging industry global market size, regional shares, competitors with an metalized flexible packaging market share, detailed metalized flexible packaging market segments, market trends and opportunities, and any further data you may need to thrive in the metalized flexible packaging industry. This metalized flexible packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 during the historical period can be credited to the penetration of markets across diverse industries, the influence of regulatory standards, increased demand for convenient packaging, innovations in sustainable packaging solutions, and the expanding utilization of packaging in the pharmaceutical sector.
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 anticipated growth in the forecast period is driven by the increasing demand for sustainable packaging, the expansion of e-commerce and home delivery services, a trend towards convenient on-the-go packaging, the rising use of packaging in personal care products, and the increase in ready-to-eat food products. Major trends expected during this period encompass a shift towards smart packaging technologies, heightened demand in the personal care and cosmetics industry, increased adoption in pharmaceutical and healthcare sectors, innovation in convenient packaging features, and the development of eco-friendly packaging solutions.
The rising call for sustainable packaging is poised to drive the expansion of the metalized flexible packaging market in the foreseeable future. Sustainable packaging refers to solutions with minimal environmental impact and footprint. Metalized flexible packaging, being recyclable, contributes to reducing solid waste and carbon footprint. For instance, as reported by Drapers, a UK-based business-to-business magazine and website, 64% of UK consumers are inclined to buy from retailers employing eco-friendly packaging, with 50% willing to pay extra for sustainable packaging and delivery. Hence, the escalating demand for sustainable packaging fuels the increasing need for growth in the metalized flexible packaging market.
The anticipated growth in the food and beverage industry is set to drive the expansion of the metalized flexible packaging market in the forthcoming years. Covering the production, processing, distribution, and sale of consumable goods for human consumption, the food and beverage industry encompasses everything from raw agricultural products to processed food and drinks available for purchase. As the demand for food and beverages rises, so does the utilization of metalized flexible packaging due to its advanced preservation capabilities and ability to extend shelf life. For instance, as per ROI Revolution Inc. in February 2022, online sales of food and beverages in the United States are projected to constitute 4.4% of total retail e-commerce sales in 2022, up from 3.1% in the previous three years. Consequently, the swift expansion of the food and beverage industry is a driving force behind the metalized flexible packaging market.
In the metalized flexible packaging market, product innovation has become a prominent and favored trend. Major companies within the metalized flexible packaging sector are diligently focusing on introducing cutting-edge technologies to fortify their positions in the market. For instance, in November 2021, Cosmo Films Ltd., an India-based company specializing in manufacturing specialty films for flexible packaging, launched an upgraded barrier metalized BOPP Film. This product boasts unique attributes that significantly enhance the shelf life of packaged goods while facilitating the creation of eco-friendly structures made from a single material. Specifically designed for various applications such as flexible packaging for items such as biscuits, snacks, bakery products, chocolates, and personal care products such as shampoo sachets, this film prioritizes maintaining optimal moisture barriers. Additionally, it offers commendable heat seal strength and features a cold seal adhesive on the non-metallic side, ensuring versatile application capabilities.
Key companies in the metalized flexible packaging market are concentrating on the development of technologically advanced products such as metalized high barrier easy tear polyester film to fulfill the diverse barrier requirements across various pouches and packaging applications. This particular type of packaging material combines multiple critical characteristics, resulting in enhanced barrier capabilities, ease of opening, and versatility in packaging applications. For instance, in May 2023, UFLEX Limited, an India-based manufacturer specializing in metalized flexible packaging materials, introduced a metalized high barrier easy tear polyester film labeled as F-ETB-M. The F-ETB-M film features a specially effect-coated BOPET film with exceptional oxygen barrier properties (OTR of 0.5 cc/m2/day), moisture barrier qualities (1.0 g/m2/day), and a strong metal-to-film adhesion (100 g/25 mm). The superior oxygen barrier of this film renders it suitable for packaging various items such as mouth fresheners, tea pouches, confectionery items, cookies, as well as a range of pharmaceutical and medical supplies.
In August 2023, Amcor PLC, an Australian company specializing in flexible packaging for food, beverages, personal care, and pharmaceuticals, acquired Phoenix Flexibles Pvt Ltd. for an undisclosed sum. This acquisition serves Amcor's strategy to broaden its presence in the rapidly growing Indian market. By integrating Phoenix Flexibles' well-capitalized and strategically positioned manufacturing facility, Amcor instantly enhances its capacity to meet the ongoing high demand and generate significant shareholder returns. The acquisition encompasses innovative film technology, enabling the regional production of a wider array of eco-friendly packaging solutions. Additionally, it provides capabilities that will aid Amcor in expanding its product portfolio into lucrative high-value segments. Phoenix Flexibles Pvt. Ltd., based in India, specializes in metalized flexible packaging.
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., Huhtamaki Oyj, Impex Global LLC, Klockner 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.
Asia-Pacific was the largest region in the metalized flexible packaging market in 2023. The regions covered in the metalized flexible packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the metalized flexible packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The metalized flexible packaging market consists of sales of plastic, chromium and nickel packaging. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Metalized Flexible Packaging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on metalized flexible packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for metalized flexible packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The metalized flexible packaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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