The Metalized Flexible Packaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Metalized Flexible Packaging Global Market Report 2024, 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 in the historic period can be attributed to market penetration in diverse industries, impact of regulatory standards, rise in convenience packaging demand, innovation in sustainable packaging solutions, expanding pharmaceutical sector usage.
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 growth in the forecast period can be attributed to growing demand for sustainable packaging, expansion in e-commerce and home delivery services, shift towards convenience and on-the-go packaging, increasing utilization in personal care products, rise in ready-to-eat food products. Major trends in the forecast period include shift towards smart packaging technologies, demand in personal care and cosmetics, adoption in pharmaceutical and healthcare sectors, innovation in convenience features, eco-friendly packaging solutions.
The increasing demand for sustainable packaging is expected to propel the growth of the metalized flexible packaging market going forward. Packaging solutions that have minimal environmental impact and footprint are referred to as sustainable packaging. The metalized flexible packaging can be recycled and helps in reducing solid waste and the carbon footprint. For instance, according to an article published by Drapers, a UK-based business-to-business magazine and website, 64% of UK customers are likely to make purchases from merchants who use eco-friendly packaging and 50% of people are willing to pay more for sustainable packaging and delivery. Therefore, increasing demand for sustainable packaging is driving the demand for the growth of the metalized flexible packaging market.
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The metalized flexible packaging market covered in this report is segmented –
1) By Material Type: Aluminum Foil-Based Flexible Packaging, Metalized Film Flexible Packaging
2) By Packaging Type: Bags, Pouches, Wraps, Rollstock, Other Packaging Types
3) By Application: Packaging, Decoration, Printing And Lamination, Labelling, Insulations
4) By End-Use Industry: Food, Beverage, Personal Care, Pharmaceuticals, Pet Food, Other End-Use Industries
Major companies operating in the metalized flexible packaging market are focusing on developing technologically advanced products such as metalized high barrier easy tear polyester film to meet the barrier requirements of various pouches and packaging applications. Metalized high barrier easy tear polyester film is a kind of packaging material that combines many critical characteristics that result in improved barrier capabilities, ease of opening, and diversity in packaging applications. For instance, in May 2023, UFLEX Limited, an India-based manufacturing company of metalized flexible packaging materials, launched a metalized high barrier easy tear polyester (F-ETB-M) film. F-ETB-M has a special effect-coated BOPET film, an oxygen barrier (OTR of 0.5 cc/m2/day), moisture barrier qualities (1.0 g/m2/day), and a metal connection between the metallic component and the film (100 g/25 mm). This film’s oxygen barrier makes it appropriate for packing things such as mouth fresheners, tea pouches, confectionery items, cookies, and a variety of pharmaceutical and medical supplies.
The metalized flexible packaging market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Polinas Group
- Dow Packaging & Specialty Plastics LLC
- Amcor Limited
- Berry Global Group Inc.
- Mondi Group
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