The global metalized barrier films market was estimated in the statement to be worth US$1.9 billion in 2021. With a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032, it is anticipated to reach a value of US$ 3.47 billion by the end of 2032.
The market is expanding as a result of the expanding use of metalized barrier films in a variety of sectors, including electronics, food and beverage, personal and home care, and pharmaceuticals. The strict laws governing the usage of plastics make this trend even more obvious. The inclination for ready-to-eat food products, which fits with busy lifestyles, is another factor driving the market for metalized barrier films.
A benefit of metalized barrier films is their chemical inertness, which guarantees no interactions with packaged goods and preserves taste and flavour. These films shield the packaged goods from UV radiation, moisture, and oxidation, preserving their quality and integrity. Metalized barrier films also offer a lightweight, cost-effective substitute for aluminium foil with a shiny metallic appearance.
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The desire for ready-to-eat food products packaged in pouches and the popularity of microwave cooking both support the market’s expansion for metalized barrier films. There are some limitations to take into account, though. The use of metalized barrier films in the automotive sector is governed by stringent restrictions that have been imposed by governments in numerous nations. Visible light transmission (VLT) can be decreased by metallic films put to car windows, potentially reducing safety.
In conclusion, the market for metalized barrier films is anticipated to expand gradually as a result of its numerous benefits and rising demand from a variety of industries. Regulatory limitations in some industries, however, might prevent market growth.
Key Takeaways from Metalized Barrier Films Market
- North America holds the largest market share due to the US providing successful and cutting-edge medicines across the globe and also growing inclination towards packaged food.
- The EU is led by Germany, as the country is not just home to niche participants, but end-consumers are turning out to be more benevolent regarding health awareness. The rising geriatric population is another factor driving the metalized barrier films market in Germany.
- The Asia-Pacific is expected to grow at the fastest rate in the metalized barrier films market with millennials increasingly turning towards packaged food.
- BOPP metalized barrier films would be used for making capacitors in the electronics vertical.
“Prohibition of plastics is bound to drive the growth of metalized barrier films market in the forecast period”, says an analyst from Future Market Insights.
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Competitive Films
- Cosmo Films, in September 2020, came up with a novel BOPP-based transparent thermal lamination antimicrobial film, which, as the name suggests, is effective against germs.
- Amcor has its AmLite in the metal-free packaging technology. AmLite does run on PFM’s Shamal Horizontal machine. It has been amongst the major revenue generators since October 2015.
- Mondi’s BarrierPack range is abreast with higher-performance laminates and films with numerous layers for home & personal care, food & beverages, pet care, and various other FMCG markets.
- Clifton Packaging Group is specialized in ovenable films, printed films, plain films, lidding films, demetalized films, barrier films, metalized films, and thermoform film.
- Bemis bMET from Bemis Company come across as blown, metalized films, which are known for giving 2-ply laminations the advantages of 3-ply films by reducing costs of materials by 20%.
Key Players:
- Uflex Ltd
- Polyplex Corporation Ltd
- DUNMORE Corporation Ltd
- Jindal Poly Films Ltd
- Bemis Company Inc.
- Amcor Ltd.
- Mondi Group plc
- Henkel AG & Co. KGaA
- SRF Limited
- Forum Packaging
Market Benefits
1.The study provides an in-depth analysis of the global metalized barrier films market along with the current trends and future estimations to elucidate the imminent investment pockets.
2.The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
3.An extensive analysis of the market based on application assists in understanding the trends in the industry.
4.The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
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Metalized Barrier Films Market Outlook by Category
By Material:
- Polyethylene
- BOPP
- Polypropylene
- Aluminum
- Polyamide
- PVDC
- EVOH
- Others
By Barrier:
- Low Barrier
- Medium Barrier
- High Barrier
- Ultra High Barrier
By End Use:
- Food and Beverages
- Pharmaceuticals
- Electronics
- Home Care
- Personal Care
By Application:
- Pouches
- Blister Pack Base Webs
- Shrink Films
- Stretch Wrap Films
- Sachets
- Lids
By Region:
- North America
- Latin America
- East Asia
- Europe
- South Asia & Pacific
- Middle East & Africa
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