Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 2.58 Billion | USD 3.38 Billion | CAGR at 2.70% | 2023 |
According to the report published by Zion Market Research, The Global Metalized Barrier Films Market was valued at USD 2.58 Billion in 2023 and is predicted to reach USD 3.38 Billion by the end of 2032. The market is expected to grow with a CAGR of 2.70% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Metalized Barrier Films Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Metalized Barrier Films Market.
In the packaging industry, metalized barrier films have become an essential part owing to its popularity in the packaging of products such as beverages, electronic devices, foods, personal care products, etc. Metalized films are polymer films that are coated with a delicate layer of metal, which is usually aluminum. Metalized barrier films are used as a substitute for aluminum foil owing to its glossy metallic look lower prices and reduced weight.
The market for metalized barrier films is fragmented into product type, materials used, and applications.
Based on the product type, the market is segregated into pouches, tray lidding films, bags, wrapping films, and blister packs.
Depending on the materials used, the market is categorized into polyethylene terephthalate (PET), polypropylene, aluminum, polyethylene (PE), and nylon.
Depending on the applications, the market is divided into pharmaceuticals, consumer goods, food and beverages, cosmetics, and others.
The main factor that is contributing to market growth is the increasing consumption of packaged food products and beverages. The different applications where the metalized barrier films are rapidly used in the food and beverage industry include juice powder, coffee, malt-based drinks, ketchup, etc. The main factor that is hampering the growth of the market is increasing concerns regarding biodegradability, which affects the growth of the market negatively. Non-government organizations and government are initiating the use of bio-based materials in order to protect the environment. Due to this factor, the market has seen a lot of opportunities emerge, such as the developments made by market participants for producing biodegradable metalized barrier films.
Report Attributes | Report Details |
---|---|
Report Name | Metalized Barrier Films Market Research Report |
Market Size in 2023 | USD2.58 Billion |
Market Forecast in 2032 | USD 3.38 Billion |
Growth Rate | CAGR of 2.70% |
Number of Pages | 201 |
Key Companies Covered | Uflex Ltd., Ampac Holdings, LLC., Toray Industries, Inc., Berry Global Inc., Celplast Metallized Products, Ester Industries Limited, Amcor Limited, and Bemis Company, Inc. |
Segments Covered | By Material Type, Product Type, Applications, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
The market for metalized barrier films is geographically segmented into the Middle East and Africa, Asia-Pacific, North America, Western Europe, Eastern Europe, and Latin America. The regions that are dominating the metalized barrier films market in terms of consumption and supply are Europe and North America. The key factors that are contributing to market growth in these regions are the presence of large number of hypermarkets and supermarkets in these regions and the growing demand for packaged food and beverages. The metalized barrier films market in the Asia-Pacific region is expected to grow at a fast pace in the future years owing to the significant growth of industries such as pharmaceuticals and beverages in emerging economies such as China and India and the increase in the consumption of packaged food.
The key market players that are operating in the metalized barrier films market include
By Product Type
By Materials Used
By Applications
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