The Worldwide Metalized Flexible Packaging Industry is Expected to Grow to $5.8 Billion by 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Metalized Flexible Packaging Market by Material Type (Aluminum Foil Based, Metalized Film), Structure, Packaging Type (Pouches, Bags, Wraps), End-Use Industry (Food, Beverage, Personal Care, Pharmaceuticals, Pet Food), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global metalized flexible packaging market size is estimated at USD 4.5 billion in 2020 and is projected to reach USD 5.8 billion by 2025, at a CAGR of 5.3% from 2020 to 2025.
Impact of COVID-19 outbreak on the metalized flexible packaging market
The outbreak of COVID-19 has affected the market for metalized flexible packaging manufacturers catering to the personal care other products which were not considered as essential. Moreover, most of the global companies operating in this market are based in the Asia Pacific, US, and European countries, which are adversely affected by the pandemic. These companies having their manufacturing units in China and other Asian countries are also severely affected. Therefore, disruptions in the supply chain have resulted in hampering production units due to a lack of raw materials and workforce.
Demand from the FMCG and fresh food segments: People are resorting to panic-buying and bulk stocking over the fear of lockdowns. More people are ordering daily staples and fresh food through online channels, with increasing preference for flexible packaging. The demand for metalized flexible packaging in the healthcare sector is expected to remain robust as hospitals and drugs manufacturers respond to the crisis. The demand for metalized flexible packaging in pharmaceutical and healthcare goods is not expected to decrease dramatically, and retail distribution for these types of products through online delivery can be expected to increase.
Aluminum foil based flexible packaging segment to lead the metalized flexible packaging market between 2020 and 2025
Aluminum foil based flexible packaging is the largest application segment of the metalized flexible packaging market of the global metalized flexible packaging market by material type. Aluminum foil based flexible packaging with single or multilayered plastics is widely used for the packaging of fresh and processed meat, poultry, and fish, as they provide better hygiene and increases product shelf-life. They are extensively used in the food & beverage and healthcare sectors for packaging of products, such as cheese cubes and for making blister packs. Aluminum is relatively light and provides a strong barrier against light and chemicals. It is impermeable and easy to work into a variety of formats, depending on its thickness.
Pouches segment to be the fastest-growing segment in the metalized flexible packaging market
The pouches segment is expected to lead the overall flexible plastic packaging market and is projected to grow at the highest CAGR from 2020 to 2025. The flexible plastic packaging market has witnessed a significant increase in the demand for pouches, mainly for food packaging, as it increases the visibility of the product and extends the product shelf life. There is increasing use of plastic pouches in e-commerce and offline retail sectors owing to its less space requirement on the shelf.
Food segment to be the largest segment in the metalized flexible packaging market
Based on the end-use industry, the metalized flexible packaging market is segmented into food, beverages, pharmaceuticals, personal care, pet food, and others. The others segment of metalized flexible packaging includes agriculture, oil & lubricants and consumer goods. the food end-industry contributed the largest share to the metalized flexible packaging market in 2019. The demand for metallized film is high due to the rising demand for packaged food products. The demand for longer shelf life of food products such as meat, milk, and cheese, is expected to drive the metallized film market. Rising awareness among consumers about the nutritional value of food and growing demand for convenience food has led to the increased use of metallized film in food & beverage packaging applications.
The Asia Pacific region is expected to grow at the highest rate during the forecast period
By region, Asia Pacific is estimated to account for the second largest share of the global metalized flexible packaging market in 2019 and is expected to grow at the highest growth rate during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2. Market Segmentation
5.3. Market Dynamics
5.4. Burning Issues in Industry
6 Industry Trends
7 Metalized Flexible Packaging Market, by Material Type
8 Metalized Flexible Packaging Market, by Structure
9 Metalized Flexible Packaging Market, by Packaging Type
10 Metalized Flexible Packaging Market, by End-Use Industry
11 Metalized Flexible Packaging Market, by Region
12 Impact of COVID-19 on Metalized Flexible Packaging Market
13 Competitive Landscape
14 Company Profile
14.2. Mondi Group
14.3. Constantia Flexibles
14.5. Sealed Air Corp
14.6. Clondalkin Group
14.7. Cosmo Films
14.8. Polyplex Corporation
14.10. Transcontinental Inc.
14.11. Other 10 Players' Short Profiles
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