Metallized Film Market

Metallized Film Market Size-(2023-2028)

The Metallized Film Market size was around USD 4.21 Billion by revenue, at the end of 2022 and is anticipated to grow at a CAGR of 7.16 % to reach close to USD 6.84 Billion by the end of 2028.

Drivers & Restraints in the Metallized Film Market

The quick-paced expansion of the metallized film industry can be credited to the escalating perforation of end-use businesses like food & beverage, cosmetics & personal care, automotive, electrical & electronics and others. These end-use businesses are boosting the call for metallized film as border films for packaging and also other implementations that are predicted to boost the expansion of the worldwide metalized film industry throughout the foreseen period. A metallized film is a polymer film that is coated with a fine layer of metal. Aluminium, zinc, and nickel are the metals usually employed. Aluminium is the most generally employed metal due to its lightweight and price effectiveness. It is broadly employed in packaging implementation. Metallized films are employed as barrier composites for food packaging and insulation for electronic components. The metallized film offers packing a metallic shine which is the same as that of a degree aluminium foil but at decreased weight and cost. These films can be custom-made according to the need of many end-use businesses like packaging and decoration. The aluminium metallized film is employed in packing frozen food, sweets, frozen desserts, coffee, and other materials.

The food packaging industry is rising owing to the high call from the rising middle-class population in growing nations. The metallized film offers protection features at a decreased cost and weight; thereby, different makers are preferring metallized film over instead of protection films. This factor is predicted to boost the expansion of the worldwide metallized film industry throughout the foreseen period. The employment of metallized film for packaging is proven to extend the lifetime of products, that is customers can eat a meal in multiple days without concern about the onset of decomposition. These factors are predicted to fuel the sales of the metallized film throughout the foreseen period. Also, the presence of a transparent metallized film that provides a view of the food product scores high in terms of customer satisfaction. It is also probable to boost the expansion of the worldwide metallized film industry throughout the foreseen period. Change in the worldwide packaging industry is furthermore predicted to fuel the worldwide call for metallized films. In addition to that, metallized films are also employed to gain barricade features that are required to escalate the lifetime of the product. Metallized films provide a smooth metallic look of the polyester film at decreased weight and price. Rising calls from the food & beverage industry and increasing end-users are some of the key factors that are predicted to boost the Worldwide Metallized Film Industry. The escalation in buying power equality and call from the end-use businesses particularly packaging and decorative drives the metallized film industry.

Strict rules on automotive films in different nations will hinder industry expansion. Metallized films employed in the automotive industry suffer many strict policies that could hinder the expansion rate of Metallized Film Industry.

Opportunities in the Metallized Film Market

Escalating the employment of metallized film in the electronics business will provide a lucrative opportunity to the industry.

Challenges in the Metallized Film Market

Problems related to product inspection are going to pose a major challenge to industry expansion.

METALLIZED FILM MARKET REPORT COVERAGE

This research report includes the segmentation of the Metallized Film Market until 2028. 

Metallized Film Market - By Material Type

• Polyethene terephthalate (PET)

• Polypropylene (PP)

• Others

Although there is almost equal utilization of the PP and PET materials for the production of Metallized films Polypropylene is expected to lead the global market due to the increase in the number of R&D centres and production units which uses polypropylene.

Metallized Film Market - By Metal

• Aluminium

• Nickel

• Zinc

Aluminium is a widely used metal for the manufacturing of films. It is used for storing food in good hot conditions. The properties of aluminium to contain heat, being harmless, and easily foldable when compared to other metals makes it the most widely used metal in the global Metallized films market. The aluminium coated films are majorly used for food packaging which accounts for the majority of the global food packaging material.

Metallized Film Market - By End-use

• Packaging

• Decorative

• Other industries  

Among the mentioned end-users the packaging industry is the fastest-growing among the others. The increase in innovative food packaging techniques is the main reason for the packaging segment to lead the global Metallized films market.

Metallized Film Market - By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Europe and North America are predicted to lead the metallized film industry owing to the expansion of the automobile industry and the escalation in the call for packaged food goods in the region. The Asia Pacific is experiencing an escalation in the call for metallized films owing to the increase in disposable income and the high price of consumption for packaged foods in the region. Asia-Pacific is predicted to experience the quickest expansion in the metallized film industry in the coming next few years. China and India are the expansion engines of the region. The industry is driven by rising disposable income, growing lifestyle, and the high call from end-use businesses for packaging implementations. Europe is predicted to provide high expansion opportunities throughout the foreseen period

Recent Developments

Toray Plastics, Inc., the United States-based key player of the global market, has announced plans on expanding its business into North Kingston, R.I, with the establishment of a new PP-based Metallized film line which is totally automated. The 28.5 feet line will soon begin its shaping to finish its target time by 2020.

Major companies playing their trade in the Metallized Film Market include:

Cosmo Films Ltd. (India), Bemis Company, Inc. (US), Polyplex (India), Jindal Poly Films Ltd. (India), Bollore Inc. (US), Avery Dennison Corp. (US), Klöckner Pentaplast Ltd. (UK), Polinas Plastik Sanayi ve Ticaret A.S. (Turkey), Taghleef Industries Group (UAE), SRF Limited (India), Toray Industries Inc. (Japan), DUNMORE Corporation (US), Ester Industries Ltd (India), Uflex Ltd. (India), Treofan Germany GmbH & Co. KG (Germany), Sierra Coating Technologies LLC (USA), Flex-Film International BV (Netherlands), and Manucor S.p.A. (Italy) are the leading shareholders of the Global Metallized Film Market. There is constant competition between these companies based on the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.