USD 4.76 billion
Report ID:
SQMIG15G2032 |
Region:
Global |
Published Date: February, 2024
Pages:
273
|Tables:
150
|Figures:
78
Metalized Flexible Packaging Market size was valued at USD 4.76 billion in 2019 and is poised to grow from USD 5.04 billion in 2023 to USD 7.91 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Metalized Flexible Packaging are becoming popular since they allow the packaging of products to meet the perfect design, shape and size. Moreover, unlike the other packaging material, metalized flexible packaging are highly malleable. Traditional rigid packaging didn't offer the shelf life compared to MFP. On the other hand, metalized flexible packaging has high protection qualities because of its durable and pliable abilities as well as it also enhances the shelf life of majority products.
Cost saving sustainability goals along with innovations in packaging is achieved by several brands' packaging departments through flexible packaging materials. Along with retails, it also provides the consumers with convenience and transparency, giving shoppers confidence in their purchasing decisions. For instance, the food and beverages industry is shifting its preference to lightweight and easy to handle packaging from traditional packaging formats because the traditional packaging Inside products lose moisture, which affects the quality and texture of food products as well as pharmaceutical products.
For instance, aluminum flexible metal packaging which is converted into aluminum foil has best dead-fold properties.It provides an excellent 100% barrier to all gasses, moisture and light.Moreover, it is a good reflector of radiant heat, usually supported with plastic / paper in multilayer structure because it cracks when folded.
US Metalized Flexible Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.76 billion
Largest Segment
Decoration
Fastest Growth
Decoration
Growth Rate
5.8% CAGR
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Global Metalized Flexible Packaging market is segmented on the basis of application, Type, Structure,Packaging type,End use industry and region. By application, the market is segmented into Packaging, Decoration, Printing & Lamination, Labeling, and Insulations. By Type, the market is segmented into Aluminum Foil Based Flexible Packaging, Metalized Film Flexible Packaging. By structure, the market is segmented into Laminated Structures, Mono Extruded Structures, Others. By packaging type, the market is segmented into Pouches, Bags, Wraps, Rollstock, Others.By end use industry the market is segmented into Food, Beverages, Personal Care, Pharmaceuticals, Pet Food, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Metalized Flexible Packaging Market Analysis by Type
By Metal type, the global market is divided into many segments such as Aluminum Foil Based Flexible Packaging, Metalized Film Flexible Packaging. Aluminum Foil Based Flexible Packaging segment held largest global Metalized Flexible Packaging market share due to the wide range of benefits provided by Metalized Flexible Packaging in packaging industry, such as Silent barrier performance against water vapor and gas, good metal bond strength, glossy appearance, good lamination, bond strength, and good thermal & mechanical properties. It has various applications in packaging for snacks, frozen foods, sweet and pastries, frozen desserts, coffee punches. These various applications of aluminum foil based flexible packaging will help the market to propel in future.
Metalized Flexible Packaging Market Analysis by End Use
The food segment holds the largest share in end use of Metallised flexible packaging. In recent past years, the food segment has seen a tremendous rise due to changing lifestyles and busy schedules of the working population. These factors have helped the flexible metal packaging market to drive for flexible packaging products in the food and beverage industry. The most crucial factor which packaging places is safety of food products and metalized flexible packaging helps in achieving it. Owing to the convenience, portability and required shelf life, food products are the highest consumer of metal flexible packaging.
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Globally, Asia pacific is estimated to grow with the highest CAGR in global Metalized Flexible Packaging market share. Main factors during this growth period is the presence of top market players such as UFlex Limited (India), Jindal Poly Films (India), Ester Industries.
Rapid expansion of End use industries such as food and beverages, healthcare and personal care has led to the expansion of flexible metal packaging in Asia Pacific region. Along with the Asia Pacific region, the European metalized flexible packaging is expected to witness the drastic rise in future years. The key drivers in Europe are growing focus on sustainability, increased need for extended shelf life, raising standards of hygiene and Consumer Focus on ease.
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Metalized Flexible Packaging Market Drivers
Increasing Popularity of Favorable Properties to Boost Market Growth
Metalized Flexible Packaging Market Restraints
Fluctuation of Price to Hinder Market Growth
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Competition in the global Metalized Flexible Packaging market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of products compatible with Metalized Flexible Packaging will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Metalized Flexible Packaging Market Top Player’s Company Profiles
Metalized Flexible Packaging Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 4.76 billion |
Market size value in 2031 | USD 7.91 billion |
Growth Rate | 5.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Metalized Flexible Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metalized Flexible Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metalized Flexible Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metalized Flexible Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15G2032
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