The worldwide metallized film industry is predicted to grow from $ 2.61 billion in 2020 to $ 2.49 billion by 2025, with a CAGR of 5.72% from 2020 to 2025. Metallized films are employed as barrier materials for food packaging and insulation of electronic components. The metallized film gives the package a metallic sheen similar to standard aluminum foil, but with reduced weight and cost. Metallized films are employed in many end-use industries such as packaging and decoration. Metallized films provide a shiny metallic finish to aluminum foil, which is in great call in the pharmaceutical and food and beverage industries, due to the cost-effective packaging solution metallized films offer. However, they are also employed for packaging films, labeling films, peel and non-peel cover films, etc. These films help reduce the weight and cost of the material. Metallized films are manufactured by metallization that uses aluminum as the raw material for an additional vapor deposition process. In addition to aluminum, metals such as nickel or chromium can also be employed, which get hotter and evaporate under vacuum.
Market drivers and restraints:
The development of the worldwide packaging industry is predicted to further increase the worldwide call for metallized films. Furthermore, metallized films are also employed to achieve barrier properties, which are necessary to increase the shelf life of the product. Metallized films provide a smooth metallic appearance to polyester film at reduced cost and weight. They are preferred owing to their excellent tensile strength, reflectivity, gas and odor barrier features, and electrical insulation. Advances in technology have enabled manufacturers to deliver metallized films to the thickness and width specifications required by end users. These films are applied to aluminum to provide a strong and resilient surface in application, allowing many postforming operations. Metallized films are present in a broad range of finishes. They are resistant to abrasion and corrosion. They can also be defined as the best solution when it comes to high levels of gas barrier, preservation of aroma and flavor. Metallized film manufacturers offer a variety of adhesion-promoting polyester films with a combination of plasma gases to achieve excellent metal adhesion, an overall gas barrier, and a significant improvement in the water vapor barrier. Metallized films give a shiny metallic appearance similar to aluminum foil. It is considered cost-effective and is widely employed for food packaging and decorative purposes, as well as specialized applications such as insulation and electronics. The expansion rate of the metallized film industry is predicted to grow at a significant expansion rate during the foreseen period. Escalating call from the food and beverage industry and expansion in end-users are some of the significant reasons that are predicted to drive the worldwide metallized film industry. In addition, the escalating call for easy-to-use packaging and the longer shelf life of products will drive industry expansion.
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Report segmented as:
By end use industry:
Europe and North America are predicted to dominate the metallized film industry due to the expansion of the automotive industry and the increased call for packaged food products in the region. The Asia Pacific region is witnessing escalated call for metallized films owing to escalated disposable income and the more rate of packaged food consumption in the region.
Important market players:
Major players operating in the global metallized film market are Cosmo Films Ltd., Sierra Coating Technologies LLC, Avery Dennison Corp., Accrued Plastic Ltd., Invico S.A., Taghleef Industries Group, Innovia Films Ltd., Jindal Poly Films Limited, Dunmore Corporation, Flex-Film International BV, Polinas Plastik Sanayi ve Ticaret A.S., Polifilm Group, Manucor S.p.A., and Klöckner Pentaplast Ltd.
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The Scope of the report:
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