Metalized Barrier Films Market to Undertake Strapping Growth by 2024

Metalized Barrier Films MarketMetalized Barrier Films Market

In the packaging industry, the 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 to the aluminum foil owing to its glossy metallic look at fewer prices and reduced weight.

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The metalized barrier films market is fragmented into product type, materials used, and applications. Based on the product type, the market is segregated into pouches, tray lidding film, 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 pharmaceutical, consumer goods, food and beverages, cosmetics, and others.

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The main factor that is contributing to the market growth is the increasing consumption of the packaged food products and beverages. The different applications where the metallized barrier films are rapidly used in the food and beverages 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 the biodegradability affects the growth of the market negatively. The non-government organizations and government are initiating the use of bio-based materials in order to protect the environment. Due to this factor, many opportunities have opened up in the market such as the developments are being made by the market players for making biodegradable metalized barrier films.

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The market for the 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 is Europe and North America. The key factors that are contributing to the market growth in these regions are the presence of large number of hypermarkets and supermarkets in these regions and the growing demand for the 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 the industries such as pharmaceuticals and beverages in the emerging economies such as China and India and the increase in the consumption of the packaged food.

The key market players that are operating in the metalized barrier films market include Uflex Ltd., Ampac Holdings, LLC., Toray Industries, Inc., Berry Global Inc., Celplast Metallized Products, Ester Industries Limited, Amcor Limited, and Bemis Company, Inc.

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