Global Metalized Barrier Film Packaging Market: Overview
The solution to problems posed by packaging material being permeable to certain gases is the metalized barrier film packaging. It prevents external atmosphere to influence packaging from the inside. In addition, the metal barrier films are more efficient in insulating products. They are cheaper than other types.
Therefore, the Global Metalized Barrier Film Packaging Market is expected to grow at a steady CAGR (Compound Annual Growth Rate), reaching a decent market worth by the end of the forecast period (2019-2027).
The increase will be in sync with increase for non-reactive packaging options that can reduce the use of preservatives, especially in the food and beverages industry. Other industry that would drive growth is pharmaceutical with market worth around USD 1200 by 2021.
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Global Metalized Barrier Film Packaging Market: Notable Development
As competitors in the global metalized barrier film packaging market see an increase in competition both from new and established players, it becomes pertinent to note any developments that can help comprehending the landscape. One of these is stated below.
Clifton Packaging Group, a renowned food packaging company, is investing towards updating its equipment and expanding facility to ensure long term growth. Already, about £3 million has been invested in new equipment such as KBA-Flexotecnica Evo XD press, and a Bimec slitter. The additions are expected to improve capabilities. The company remains dedicated to reaching achieve £30 million turnover by the end of 2020
The market is fairly segmented. Prominent players in the global metalized film packaging material are Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Polinas (Turkey), and Toray Industries Inc. (Japan). Players usually keep an edge over competitors by investing in product improvement. Kendall Packaging, for instance, differentiates its metalized products by designing them with natural surfaces that are reflective in order to provide function.
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Global Metalized Barrier Film Packaging Market: Regional Analysis
The market for metalized barrier film packaging would be dominated by Europe. This would include both production and demand. Due to ease of use and consumer friendly nature of these films, these would be in high demand. Also, there is a trend of consumers preferring pouches observed, which is leading to further growth of the market. This is also because stand-up pouches allow easy printing.
Among the other regions, Asia Pacific (APAC) will stand out. These will generate lucrative opportunities owing to a rise in hypermarkets as well as supermarkets in bigger cities. Another related factor is international retail chains sprawling across developing nations in this region.