Global Metalized Flexible Packaging Market Analysis & Trends - Industry Forecast to 2028

Global Metalized Flexible Packaging Market Analysis & Trends - Industry Forecast to 2028

Metalized Flexible Packaging: Market Size

From $4.33 billion in 2020, the global Metalized Flexible Packaging market is projected to reach $6.91 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 6.0% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include rising demand for longer shelf life of products, growing inclination for customer friendly packaging, and increasing economic conditions of emerging countries.

Global Metalized Flexible Packaging Market: Market Dynamics
The high barrier and protection properties along with aesthetics makes these highly attractive for packaging manufacturers especially in the food and beverages industries. Broadly, range of PET films metallized with aluminum and aluminum foils have gained traction in use in range of packaging industries including construction, pet food, pharmaceutical, and cosmetics. High tensile strength, surface hardness, and moisture resistance are characteristics that are commonly utilized in the range of end-use industries. The rapid pace of urbanization in emerging economies and changing consumer preferences in shopping have favored the demand for personal care product among all demographics. Manufacturers in the metallized flexible packaging industry are keen on offering flexible packaging that meet a wide cross-section of demand in these end-use industries. Another key driver is burgeoning e-commerce sales of cosmetics and personal care products in developing and developed economies.

On the other hand, the recyclability of metalized flexible packaging and volatile raw material cost are likely to obstruct the profit boundaries. In addition, sustainable and new metalized flexible packaging will further boost for the metalized flexible packaging market.

Impact of COVID-19 on Metalized Flexible Packaging
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The global metalized flexible packaging market is expected to witness a moderate decrease in its growth rate during the pandemic period, as the packaging industry witness a significant decline in its production. On the flip side, there seems an increase in the demand for metalized flexible packaging for food, beverage, and pharmaceutical applications for product packaging, during COVID-19. People are resorting to panic-buying and bulk stocking due to the fear of lockdowns. FMCG companies are responding by demanding more of flexible plastic packaging products. The demand for flexible packaging in the pharmaceutical industry, is expected to remain robust as hospitals, drugs, manufacturers are responding to the crisis. The demand for household essentials, healthcare, and medical goods is not expected to decrease dramatically, and retail distribution for these types of products through online delivery can be expected to increase. More number of people is ordering daily staples and fresh food through online channels, which leads to an increase in the demand for flexible plastic packaging.

By Packaging Type
Pouches Segment Dominate the Market in 2020
The pouches segment made huge revenue in 2020 and growing its prominence during the forecast period. Pouches are easier to handle and are preferred for the space they provide for accommodating product information and branding. Pouches are also used for ready-to-eat or half-cooked meals, in which prepared or ready-to-cook food is completely sealed for a long period under unrefrigerated storage. They can be supplied in a wide range of configurations to make transportation of food products easier. Flat pouches used for medical products are also quite popular in storage and sampling at medical facilities. Pouches with gusseted bottom are called retort stand-up pouches, are sealed and then heated to a very high temperature to kill any bacteria inside them, thus preventing the contamination of food for a period of time. Improved strength, chemical and erosion-resistance, and barrier properties will lead to its expanding applications in pharmaceutical packaging.

By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the rising expansion of end-use industries such as healthcare, food & beverages, and personal care. Factors such as changing lifestyles, rising disposable income, and growing middle-class population are expected to propel the demand for packaging, which, in turn, is anticipated to support the growth of the metallized flexible packaging market. In addition, the rising demand for ready-to-eat food, convenience food, and processed & semi-processed food offer growth opportunities for the metallized film market in the region.

List of the Key Players Profiled in the Market Include:
• All Foils, Inc.
• Amcor Limited
• Clondalkin Industries Limited
• Cosmo Films Ltd
• Dunmore Corporation
• Ester Industries Ltd.
• Huhtamaki
• Manucor S.p.A.
• Mondi Group
• Polyplex Corporation Limited
• Sealed Air Corp
• Sonoco Products Company
• Transcontinental Inc
• UFLEX Limited
• Ultimet Films Ltd.

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others