According to the TechSci Research report, “Metallized Film Market –Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Metallized Film Market has valued at USD 2.68 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.29% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
Metallized films, created by depositing a thin layer of metal onto a polymer substrate, possess a range of attributes that make them highly valuable to the pharmaceutical industry. One of their key advantages is the exceptional barrier properties they offer.
The metallic layer acts as a barrier against moisture, oxygen, light, and other environmental factors that can degrade the quality and efficacy of pharmaceutical products. This property is crucial for maintaining the stability and shelf life of sensitive drugs. Pharmaceuticals often require protection from external elements to preserve their potency and safety. Metallized films help extend the shelf life of drugs by preventing the ingress of moisture and oxygen, thus reducing the risks of degradation and contamination.
Additionally, metallized films provide excellent ultraviolet (UV) protection, shielding drugs from harmful radiation. This is particularly important for light-sensitive medications that can degrade when exposed to UV light. Metallized films are compatible with various printing and labelling techniques, allowing pharmaceutical companies to convey essential information and branding details while upholding the integrity and aesthetics of the product.
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Furthermore, the flexibility of metallized films makes them adaptable to various packaging formats, including blister packs, sachets, pouches, and more. Their compatibility with different sealing methods also facilitates efficient packaging operations. In the pharmaceutical industry, cold-forming foils made from metallized films are utilized to produce high-barrier blister packs, ensuring the stability and efficacy of medications by protecting them from external influences.
As regulations become increasingly stringent regarding the quality, safety, and traceability of pharmaceutical products, the use of high-quality packaging materials like metallized films has become imperative. The global metallized film market has experienced significant growth in recent years, which can be attributed to government initiatives worldwide to promote its production and utilization. In order to foster the growth of the metallized film industry, governments provide subsidies and incentives to manufacturers and producers. These incentives may include tax incentives, reduced tariffs on raw materials, and financial support for the establishment of new production facilities. Governments also facilitate technology transfer from developed nations to emerging economies to facilitate the establishment of advanced metallized film manufacturing facilities. Furthermore, skill development programs ensure the availability of a highly skilled workforce capable of producing metallized films of exceptional quality.
Collaborations and partnerships within the metallized film industry have paved the way for groundbreaking innovations. Companies across diverse sectors, from material sciences to packaging, have united to develop films that meet the evolving demands of consumers and industries.
Through these strategic alliances, new manufacturing techniques, novel materials, and advanced coatings have been developed, resulting in metallized films that offer improved performance, reduced environmental impact, and enhanced functionalities. For instance, collaborations between metallized film manufacturers and technology companies have led to the development of films with integrated smart features. These films exhibit remarkable capabilities such as color change in response to temperature fluctuations and interactive QR codes for enhanced consumer engagement.
Noteworthy among recent collaborations is the partnership between Avery Dennison and the Association of Plastic Recyclers (APR). Avery Dennison's metallized films with AD Clean Flake technology have earned recognition from APR for their recyclability in HDPE and PET recycling. Additionally, Idvac and IQ Structures have joined forces to achieve holographic embossing on white metallized films, showcasing the innovative applications of metallized films in creating visually appealing and unique packaging solutions.
However, lack of availability and high cost of raw materials are expected to slow down the growth of the market in the coming years.
The Global Metallized Film Market segmentation is based on Metal, Material, End-Use Industry, By Company, and Region.
Some of the major companies operating in the Global Metallized Film Market include:-
- FlexFilms Ltd.
- DUNMORE Corporation
- Vibac Group S.p.a.
- Chiripal Poly Film Limited
- Jindal Poly Films Limited
- Cosmo Films, Inc.
- Toray Plastics (America), Inc.
- Celplast Metallized Products
- Uflex Ltd.
- SRF Limited
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“Certain regions, particularly the Asia Pacific, are projected to exert significant demand for metallized film worldwide. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their metallized film productivity each year, are expected to contribute to a remarkable growth of the Global Metallized Film Market in the forecast period," said Mr Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Global Metallized Film Market By Metal (Aluminium and Others), By Material (Polypropylene (PP), Polyethylene Terephthalate (PET), and Others), By End-Use Industry (Packaging, Decorative and Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Metallized Film Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Metallized Film Market.
Table of Content-Metallized Film Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Voice of Customer
- Global Metallized Film Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Metal (Aluminium and Others)
5.2.2. By Material (Polypropylene (PP), Polyethylene Terephthalate (PET), and Others)
5.2.3. By End-Use Industry (Packaging, Decorative and Others)
5.2.4. By Region
5.2.5. By Company (2022)
5.3. Market Map
- North America Metallized Film Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Metal
6.2.2. By Material
6.2.3. By End-Use Industry
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Metallized Film Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Metal
6.3.1.2.2. By Material
6.3.1.2.3. By End-Use Industry
6.3.2. Mexico Metallized Film Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Metal
6.3.2.2.2. By Material
6.3.2.2.2. By End-Use Industry
6.3.3. Canada Metallized Film Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Metal
6.3.3.2.2. By Material
6.3.3.2.2. By End-Use Industry