Metallized Films Market Size was valued at USD 2.46 Billion in 2022. The Metallized Films market industry is projected to grow from USD 2.81 Billion in 2023 to USD 4.11 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.70% during the forecast period (2023 - 2030). Growth in the demand for metallized films especially in developing economies such as India and China, surging application of metallized films for a wide range of end-user applications such as electrical and electronics, consumer goods, packaging and others, surging demand for customer-friendly packaging materials and solutions, increasing investment by the government for research and development activities and surge in industrialization, especially in the developing countries are the major factors attributable to the growth of the metallized film market.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rise in demand for metallized film by the cosmetics and personal care industry is the root cause for fuelling the market growth rate. Rising demand for metallized films in the manufacturing of decorative materials and other industrial applications and the growth and expansion of various end-user verticals in emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of metallized films in comparison to other alternatives such as cost-effectiveness, high durability and lightweight, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, growing use of these films by the food and beverage and pharmaceuticals industries, lightweight, consumer-friendly, and easy to handle products, increasing focus towards attaining sustainability goals and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Additionally, high manufacturing costs and insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies, large-scale availability of alternatives and strict trade restrictions will dampen the market growth rate. Also, stringent government rules and regulations imposed on the industries will hamper the market growth rate.
The Metallized Films market segmentation, based on Material, includes Polypropylene (PP), Polyethylene Terephthalate (PET), and Others. The cost-effective nature of metallized films to wrap a wide range of items and the flourishing food & beverage industry across the globe are anticipated to fuel the market.
Based on End-Use Industry, the Metallized Films market segmentation includes Packaging, Decorative, and Others. Factors driving the market are increasing demand for packaged food products & their longer shelf life, growing demand for decorative packaging, and the use of metallized films to wrap flowers, candy, gifts, & bouquets.
Figure 2: Metallized Films Market, by End-use Industry, 2023 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The market in Asia-Pacific dominated the metallized films market in 2021 due to the high demand in end-use industries. India, China, and ASEAN countries are some of the prominent contributors to market growth.
Figure 3: METALLIZED FILMS MARKET SHARE BY REGION 2023 (%)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
North America accounted for the second-largest market share in 2021 on account of the high demand for metallized films in the food & beverage, pharmaceuticals, and aerospace industries in the region.
The European market is expected to grow at a significant rate due to the high demand in the regional pharmaceutical industry.
The Latin American market is projected to witness considerable growth due to the growing food & beverage and cosmetics industries, especially in Brazil and Argentina.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Metallized Films market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Metallized Films industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Metallized Films. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Metallized Films industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Metallized Films industry to benefit customers and expand the market sector. The Metallized Films market has recently given medicine some of the most important advantages. Major Metallized Films market players, including Cosmo Films Ltd (India), Jindal Poly Films Ltd (India), Uflex Ltd (India), Polyplex (India), and others, are attempting to increase market demand by funding R&D initiatives.
Cosmo Films is a provider of speciality films. It offers biaxially oriented polypropylene (BOPP), cast polypropylene (CPP), high barrier, velvet thermal lamination, and direct thermal printable films as well as synthetic paper. The company caters to packaging, lamination, labelling, and industrial sectors.
Also, Jindal Polyester Ltd (JPL) was incorporated as a public limited company in Sep.'74 in the name of Hindustan Pipe Udyog got its present name in Jan.'95. In 1974 the company set up its first unit to manufacture ERW steel pipes and tubes black and galvanised at Jindal Nagar (Ghaziabad district) UP. In Apr.'93 the steel unit of the company was transferred to Jindal Pipes. The company is the largest producer of flexible packaging films in the country. The company also manufacture and sells POY and manufacture polyester chips for captive consumption.
Cosmo Films Ltd (India)
Jindal Poly Films Ltd (India)
Uflex Ltd (India)
Polyplex (India)
Toray Industries, Inc. (Japan)
Taghleef Industries Group (UAE)
Bollore Inc. (US)
Polinas (Turkey)
Ester Industries Ltd (India)
Dunmore
In February 2022, UFlex, a leader in polymer sciences and one of India's largest multinationals in flexible packaging materials and solutions, developed innovative and revolutionary low- and multi-unit packs (LUP) for products like biscuits, bread, and snacks that are commonly devoured rapidly. These packs require a metalized film packing structure that maintains a firm seal while providing excellent oxygen and moisture barrier performance. Jindal Poly Films' board of directors authorized its growth plans to invest Rs 700 crore in Polyester Film Line-1 and BOPP Film Line-9 in February 2020.
Metallized Films Material Outlook
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Metallized Films End-use Industry Outlook
Packaging
Decorative
Metallized Films Regional Outlook
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)