Updated on : August 22,
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Metalized Flexible Packaging Market was valued at USD 13.5 billion in and is projected to reach USD 16.8 billion by , growing at 4.5% cagr from to . Increasing global population and improving economic conditions of developing countries and rising demand for customer-friendly packaging are the major drivers of the global insulation market during the forecast period.
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The surge in popularity of stand-up pouches, particularly for ready-to-eat meals and microwaveable food, is driving the increased need for metalized flexible packaging. The convenience of microwaveable food aligns with evolving lifestyles and growing incomes in middle-class households. The demand for metalized films in food packaging is driven by their ability to preserve aroma and prevent odors. Consumers, preferring transparency in packaging to view products before purchase, find metalized films particularly appealing. This preference is crucial for items like dairy, poultry, vegetables, and fruits, where the visual quality is paramount. Transparent metalized films address this consumer concern by allowing a clear view of the packaged product.
The majority of expenses associated with the production of metalized flexible packaging can be attributed to raw materials. The fluctuating prices of crude oil and the widespread demand for polymers in various applications contribute to variable input costs. The inherent volatility in raw material prices, especially for polymers and their production monomers, poses a substantial challenge to the expansion of the metalized flexible packaging market. Additionally, raw material costs are significantly influenced by logistics, labor expenses, trade-related costs, and tariffs, collectively exerting a considerable impact on the polymer market and, consequently, the growth trajectory of the metalized flexible packaging industry.
Manufacturers are responding to dynamic industry changes influenced by factors such as new regulatory initiatives, prompting innovation in packaging solutions. Heightened environmental concerns linked to the use of biodegradable metalized flexible packaging are compelling manufacturers to create packaging options that are both environmentally friendly and secure. In light of stringent government regulations, evolving consumer preferences, and environmental pressures, manufacturers are realigning their strategies to focus on developing recyclable and sustainable packaging. For instance, Canada's Celplast Metalized Products Limited has introduced sustainable alternatives like Post-Consumer Recycled (PCR) Metalized Polyester and High Barrier Metalized PLA Compostable Film. Similarly, the UK's Camvac Limited has developed an eco-friendly substitute for metalized polyester that is fully biodegradable and suitable for home composting.
The recyclability of metalized flexible packaging is a significant environmental and societal concern, representing the primary challenge faced by the packaging industry. Recycling multi-layer metalized flexible packaging involves a more intricate process compared to its single-layer counterpart. The complexity arises from the combination of various polymer types and metals in multi-layer packaging, making it challenging to separate from bulk waste. Each layer requires individual scrutiny, identification, and recycling. During the recycling process, complications arise as polypropylene (PE) films and other plastics used in metalized flexible packaging can become entangled in machinery, causing disruptions and thereby increasing production costs and time consumption.
The pouches segment is projected to record the highest CAGR of 6.3% during forecast period as pouches are versatile, lightweight, and easy to transport. There is increasing demand for pouches from the food packaging and e-commerce industries. Pouches are easier to handle and are preferred for the space they provide for accommodating product information and branding. They can be supplied in a wide range of configurations to make the transportation of food products easier.
The food segment is estimated to account for the largest share of the overall metalized flexible packaging market in . Changing lifestyles and busy schedules of the working population have driven the market for on-the-go flexible packaging products in the food & beverage sector.
APAC is estimated to be the largest market for metalized flexible packaging and is also projected to register the fastest CAGR of 6.0% during the forecast period. China is expected to account for the largest share of the market in APAC till . Increasing global population and improving economic conditions of developing countries and demand for longer shelf life of products are the main drivers for metalized flexible packaging market.
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Metalized flexible packaging market comprises key manufacturers such as Amcor plc (Australia), Mondi Plc (UK), Sonoco Products Company (US), Sealed Air Corporation (US), Huhtamaki Oyj (Finland), Transcontinental Inc. (Canada), Cosmo Films Ltd. (India), Polyplex Corporation Ltd. (India), Uflex Limited (India), Jindal Poly Films Ltd. (India), and others. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metalized flexible packaging market. Major focus was given to the new product development due to the changing requirements of transportation and electronics product consumers across the world.
Report Metric
Details
Years Considered
&#;
Base year
Forecast period
&#;
Unit considered
Value (USD Million/Billion), Volume (Kiloton)
Segments
Material Type, Structure, Packaging Type, End-Use Industry, and Region
Regions
North America, Asia Pacific, Europe, Middle East & Africa, and South America
Companies
Amcor plc (Australia), Mondi Plc (UK), Sonoco Products Company (US), Sealed Air Corporation (US), Huhtamaki Oyj (Finland), Transcontinental Inc. (Canada), Cosmo Films Ltd. (India), Polyplex Corporation Ltd. (India), Uflex Limited (India), Jindal Poly Films Ltd. (India), and Others.
This research report categorizes the global metalized flexible packaging market on the basis of Material Type, Structure, Packaging Type, End-Use Industry, and Region.
The market has been further analyzed for the key countries in each of these regions.
What are the major drivers driving the growth of the metalized flexible packaging market?
The major driving factors for the metalized flexible packaging market are increasing the global population improving economic conditions of developing countries and demand for longer shelf life of products.
What are the major challenges in the metalized flexible packaging market?
The major challenging factors faced by the metalized flexible packaging market are recyclability of metalized flexible packaging and issues in product injection.
What are the restraining factors in the metalized flexible packaging market?
The major restraining factors faced by the metalized flexible packaging market are volatile raw material costs and stringent government rules and regulations regarding the raw material used for food packaging.
What is the key opportunity in the metalized flexible packaging market?
Sustainable and new metalized flexible packaging solutions and growth in technological advancements and E-commerce packaging.
What are the end-use industries where metalized flexible packaging components are used?
The metalized flexible packaging components are majorly used in personal care, beverage, pharmaceutical, food, pet food, and other industries. .
What are the different packaging types of metalized flexible packaging?
The packaging types of metalized flexible packaging are pouches, bags, wraps, roll stock, and others.
What are the structure types of metalized flexible packaging?
The structure types of metalized flexible packaging are laminated structures, mono extruded structures, and others. .
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Dimensional deviation
project
unit
Allowable deviation
Basic Thickness Range
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mm
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Length and Width Deviation
mm/m
±2,max±5
Thickness deviation
sanded board
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±0.3
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mm/m
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Edge Straightness
mm/m
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Flatness
mm
&#;12
Physical and chemical performance indicators
project
unit
performance
moisture content
%
3-13
Density variation
within panel
%
±10
Formaldehyde emission
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E0/ENF/F4star
/
Basic Thickness Range
mm
&#;13-20
&#;20-25
Bending Strength
MPa
11
10.5
Modulus ofelasticity
MPa
internal bond strength
MPa
0.35
0.3
Surface soundness
MPa
0.8
0.8
2h Thickness Swelling rate
%
8
Nail-holding power
board
N
&#;900
&#;900
board edge
N
&#;600
&#;600
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