Market Research Future (MRFR) has published a cooked research report on the “Global Metalized Flexible Packaging Market” that contains information from 2018 to 2032. The metalized flexible packaging market is estimated to register a CAGR of 5.60% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global metalized flexible packaging market - Amcor Limited, Mondi Group, Sealed Air Corp, Sonoco Products Company, Polyplex Corporation Limited, Huhtamaki, Transcontinental Inc, Cosmo Films Ltd., and Kendall Packaging Corporation.
The global metalized flexible packaging market is accounted to register a CAGR of 5.60% during the forecast period and is estimated to reach USD 8.981 billion by 2032.
The packaging of food items and drinks is a common use of metalized flexible packaging in the food and beverage (F&B) sector of the economy. This is one of the key elements bolstering the market growth globally, along with the rising demand for ready-to-eat (RTE) food products as a result of busy lives and rising consumer spending power. A factor supporting market expansion is the rise in alcoholic beverage consumption, such as beer. Additionally, the adoption of sustainable packaging techniques to lower greenhouse gas (GHG) emissions is encouraged by rising environmental consciousness among the populace and numerous efforts launched by the governments of multiple countries. This is consequently aiding the market's expansion.
The global metalized flexible packaging market has been segmented into packaging type, structure, material type and end-use industry.
On the basis of packaging type, the market is segmented into Pouches, Wraps, Bags, Rollstock and Others (Sachets, and Stick Packs). The pouches segment was attributed to holding the largest market share in 2022. The market for metalized flexible packaging is expected to expand, and pouch use will be commonplace. Pouches require substantially less storage space than other options, which is what spurred the invention. Additionally, they are easy to set up. With more surfaces comes more branding opportunity.
Based on structure, the global metalized flexible packaging market has been segmented into Laminated Structures, Mono Extruded Structures and Others (Co-Extruded Structures and Insulated Structures). The laminated structures segment was expected to hold the largest market share in 2022. Flexible packaging is stronger and more durable thanks to laminated construction. They ensure that the contents are safeguarded throughout transportation and handling by offering resistance to tearing, punctures, and other types of damage.
Based on material type, the global market has been segmented into Aluminium Foil-based Flexible Packaging and Metalized Film Flexible Packaging. The aluminium foil-based flexible packaging segment was expected to hold the largest market share in 2022. Due to their ability to block oxygen, heat, and moisture, flexible films made of aluminum dominate the market. Because of this, foil is frequently used in the packaging of food and drugs. Aseptic packaging frequently employs aluminum foil.
On the basis of end-use industry, the global metalized flexible packaging market is segmented into Food, Beverages, Personal Care, Pharmaceuticals, Pet Food and Others (Agriculture, Oil & Lubricant And Consumer Goods). The food segment was attributed to holding the largest market share in 2022. The most popular sector of the economy is food. Increased disposable money and consumer lifestyle changes are likely contributing factors to the strong demand. The need for packed meals that are ready to eat has grown as a result.
The global metalized flexible packaging market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe metalized flexible packaging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The metalized flexible packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World metalized flexible packaging market comprises of Middle East, Africa, and Latin America.
The largest market share for metalized flexible packaging was maintained by the North American regional sector. The need for packaging is anticipated to be driven by elements such as increasing disposable income, changing lifestyles, and an expanding middle-class population. This demand is anticipated to promote the expansion of the metallized flexible packaging market.
Moreover, the Europe market has been persistently growing over the forecast period. Consumers in Europe are becoming more aware of the advantages of packaged organic cosmetics and the growing demand for ready-to-eat food, which is driving up the price of metalized flexible packaging in Europe.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. This rise can be mostly ascribed to the end-use industries' explosive growth, particularly in the food and beverage, healthcare, and personal care sectors. Furthermore, the growing demand for convenience foods, processed & semi-processed foods, and ready-to-eat food presents potential possibilities for the metallized film market in APAC.
Furthermore, the rest of the world's metalized flexible packaging market is divided into the Middle East, Africa, and Latin America. Due to rising investments in technical breakthroughs, the Middle East, Africa, and Latin America are expanding markets with increasing demand for the metalized flexible packaging industry.
Key Findings of the Study