Global High Barrier Metalized Film Market - 2019-2026
発行: DataM Intelligence
High barrier metalized film are extruded from the metalized bi-axially oriented polypropylene treated heat sealable film. The film has wide range of applications including for packaging with multilayer lamination, in the textile and capacitor industries, inner seal lamination of different materials. High barrier metalized film has exclusive features like it has excellent adhesion property, extended shelf life, high moisture barrier, good barrier to gas and light, good heat seal strength, high moisture barrier, and outstanding metal appearance. Global High barrier metalized film market, valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for packaging with high barrier metalized film for the food packaging, insulation and electronics with surge in the industrial demand of plastic packaging. According to the European plastics association, the world plastics production in 2018 was 348 million tonnes in which high barrier metalized film is being used as lamination around the plastic. Furthermore according to the World Economic Forum, plastic packaging material cost has estimated around USD 80 to 120 billion annually around the globe. This also drives the growth for high barrier metalized film the market during the study period.
There is a rise in the launch of new innovative and cost-effective films with high metal adhesion for superior barrier and protection for end use products like, pharmaceuticals, food and beverages, chemicals, etc. For instance on 2nd October 2018, Flex Films had been launched high-barrier metalized polyester film which provides laminated flexible packaging structures.
The global high barrier metalized film market is segmented based on product type, end user, and region.
In terms of product type the global high barrier metalized film market is bifurcated into Ethylene vinyl alcohol (EVOH), Polyethylene Terephthalate (PET) Films, Cast Polypropylene (CPP) Films, and others. Among this Polyethylene Terephthalate (PET) Films has the highest share owing to increase in the demand for packaging in the foods and beverages industry especially for juices, soft drinks, and water packing. According to the World Bank Data, the global spending on food & beverages alone reaches to around USD 2.3 trillion annually. This propels the PET segment growth during the study period.
Similarly ethylene vinyl alcohol (EVOH), and cast polypropylene (CPP) Films segment is also growing at faster pace due to increase in adoption of packaging of medical, agricultural, food, pharmaceutical, cosmetic, and industrial applications. As per the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), the pharmaceutical was valued around USD 1,430 billion in 2020 including the usage of EVOH and CPP for the packaging of pharma drugs and medicines.
Furthermore CPP film segment has shown significant growth owing to new product launch for packaging. For instance on 12th April 2019, Cosmo Films Company had launched CPP High Barrier films for increasing the packaging machines to run at higher
Depending on end-user, the global high barrier metalized film is segmented into food & beverage, agriculture, electronic devices, pharmaceuticals, medical devices, chemicals and others. Among this, food & beverages segment has the highest market share in 2019. This is primarily due to rise in demand of the water in the food and beverages industry with surge in the population around the world. According to Food and Drink Federation Organization report in 2020, food and drink supply chain generates more than Euro 121 billion revenue every year including the employment of 4 million people each year.
Similarly, agriculture, electronic devices, pharmaceuticals, medical devices, chemicals and others segment has the highest market share owing to increase in global demand for packaging of goods and agricultural products with high barrier metalized film to avoid contamination and spoilage of products.
By region, the global High barrier metalized film market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Europe region is dominated for high barrier metalized film market due to the growing demand for packaged food and beverages with surge in the domestic demand, healthy food products & investment in this region. According to the food and drug federation, food and beverages industry is the largest manufacturing sector valued around Euro 31.1 billion to the economy annually and has employed 450,000 people in the United Kingdom. As the food & beverage industry needs packaging with the help of high barrier metalized film for protection, and avoiding moisture content.
The North America and Asia Pacific is expected to grow at faster pace the global High barrier metalized film market and expected to grow at the highest CAGR during the forecasted period due to presence of manufacturing facilities of the packaging with surge in the population in this region. According to the food and drug federation in 2018, China has the largest plastic production of around 30% of world's production with estimation of 108 million tonnes. This plastic has the layer of high barrier metalized films for avoiding the moisture content and spoilage.
The global high barrier metalized film market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Winpak Ltd., The Mondi Group plc., Toray Plastics, LINPAC Packaging Limited, Schur Flexibles Holding GesmbH, Huhtamaki Oyj, Bischof & Klein GmbH & Co. KG, Celplast Metallized Products Ltd, Berry Global Group Inc., Ampac Holdings LLC., Plastissimo Film Co., Ltd.,Amcor Limited, Uflex Ltd, Glenroy, are the leading market players with significant market share.
Major players are receiving launching new technology advanced high barrier metalized film for packaging of foods and other goods including electronics, medicals, and pharmaceutical products. For instance, on 3rd July 2017, Celplast Metallized Products Limited has been installed in-line top-coater metallizer for the production of protected high-barrier materials in the flexible packaging and converting industry around the world.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 1st July 2019, Berry Global Group, Inc. has been acquired RPC Group Plc for supplying of valued-added protective and packaging solutions around the world.
*The global High barrier metalized film market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.