Metalized barrier films have grown an essential part of the packaging industry, and since last decade it has gained significant attention of manufacturers owing to the increase in demand for the packaging of products such as foods, beverages, personal care and electronic devices. Metalized films are the primarily polymer films coated with a fragile layer of metal, usually aluminum. Metalized barrier films have emerged as an alternative of aluminum foil and offer a glossy metallic look at a reduced cost and weight. Metalized barrier films have been witnessing an increased demand for food packaging. These films are also used to reduce the need for added preservatives and also to increase the shelf life of the product. Metalized barrier films are available in various product types such as bags, wrapping films, tray lidding films but Pouches are the most preferred choice owing to its high performance, light weight and attractive packaging. The growing range of applications of metalized barrier films is expected to drive this market over the forecast period.
Metalized Barrier Films Market: Drivers & Restraints
The market for Metalized barrier films is anticipated to be driven by growth in the consumption of packaged food and beverages products all over the globe. Metalized barrier films are in high demand across various applications in food & beverages industry, including malt-based drinks, juice powder, ketchup, coffee etc. However, environment as the biggest concern over the years, Biodegradability has emerged as major challenges and has hampered the growth of metalized barrier films market to a large extend. With various government and non-government organizations continuously promoting the development of bio-based materials, it has also emerged as a significant opportunity for market players to develop biodegradable metalized barrier films.
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Metalized Barrier Films Market: Segmentation
The metalized barrier films market is segmented as follows
On the basis of product type, the metalized barrier films market is segmented into:
- Wrapping films
- Tray lidding film
- Blister packs
On the basis of material used, the metalized barrier films market is segmented into:
- Polyethylene terephthalate (PET)
- Polyethylene (PE)
On the basis of applications, the metalized barrier films market is segmented into:
- Food and Beverages
- Consumer goods
Metalized Barrier Films Market: Segmentation Overview
Metalized Barrier Films are usually of 3-layers or 2-layers laminate and thus metalized barrier films are made up of a combination of materials with a thin aluminum coating. Revenue contribution metallized PET are expected to drive the growth of metalized barrier films market. Also, metalized barrier films are largely used as applications in food, beverages and healthcare industry.
Metalized Barrier Films Market: Regional Overview
Geographically, the metalized barrier films market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Among the regions, Europe and North America dominates the worldwide market for metallized packaging both in terms of demand and supply. Higher demand for package food and beverages, presence of supermarkets and hypermarkets in almost every city are some of the major reason for the growth of metalized barrier films market in this region. Asia-Pacific market is estimated to grow as the most lucrative market for the growth of metalized barrier films. This increase is attributed to the growth in demand for packaged food and consumer goods from the developing economies such as India and China. Likewise, the sustainable expansion of the pharmaceuticals and food processing industry in the Middle-East and Africa region is expected to boost the demand for metalized barrier films in this region. Overall, the metalized barrier films market is estimated to witness a healthy CAGR over the forecast period.
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Metalized Barrier Films Market: Key Players
Some key players that currently operate in the metalized barrier films market are Celplast Metallized Products, Uflex Ltd., Ester Industries Limited, Ampac Holdings, LLC., Amcor Limited, Toray Industries, Inc. Berry Global Inc., Bemis Company, Inc.
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