The global metallized films market has been segmented by metal, material used, application, end-use industry, and region.
By metal, the global metallized films market has been divided into aluminum, copper, nickel, chromium, and others. The aluminum segment led the market in 2017 as these films offer excellent barrier properties, glossy appearance, and thermal, bond, and mechanical strength. These films are used to package snacks, frozen foods, desserts, and coffee. Additionally, aluminum metallized films are fire resistant and recyclable and can be painted or printed as per the requirements of modern packaging.
Based on material used, the Metallized Films Market has been categorized as polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), nylon, polyimide, polycarbonate, thermoplastic polyurethane, and others. The PP segment accounted for the majority market share in 2017 due to the high demand for these films in the food packaging industry. Films made from PP have excellent moisture barrier characteristics, good clarity, high gloss, and good tensile strength. They are commonly used to package candy, snacks, and bakery products. PP is often used in combination with a polyvinylidene chloride coating or acrylic to provide additional barrier properties.
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On the basis of application, the market has been segmented into flexible packaging, lamination, hot stamping foil, holograms, labelling, electromagnetic blend, thermal insulation, and others. The flexible packaging segment was dominant in 2017 as such films are used widely in food packaging and ensure food safety, extend shelf life, provide even heating and barrier protection, and are resealable. Additionally, flexible packaging production uses less energy, produces fewer emissions, and creates less waste, making it environmentally friendly.
The market has been segregated, by end-use industry, into food & beverage, pharmaceuticals, cosmetics, aerospace, construction, electronics, and others. The food & beverage segment is expected to be the leading end-use industry market during the forecast period due to the increasing demand for ready-to-eat processed foods with longer shelf life. This can be attributed to the changing lifestyles and the growth of the working population coupled with the high disposable incomes of consumers.
Some of the manufacturers operating in the global market are Cosmo Films Ltd (India), Jindal Poly Films Ltd (India), Uflex Ltd (India), Polyplex (India), Toray Industries, Inc. (Japan), Taghleef Industries Group (UAE), Bollore Inc. (US), Polinas (Turkey), Ester Industries Ltd (India), and Dunmore (US).
The metallized films market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global metallized films market in 2017 on account of the high demand from major end-use industries such as food & beverage, pharmaceuticals, cosmetics, and electronics in the region.
The North American market is expected to witness significant growth due to the demand from the food & beverage, pharmaceuticals, construction, and aerospace industries.
High demand from the pharmaceuticals industry in Europe is expected to drive product demand in the region during the forecast period.
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