Metalized films are used for packaging of products in order to increase product shelf life by preventing it from surrounding temperature and moisture. Increasing demand of metalized films from various end-use industries such as food and beverages, pharmaceutical, and electronic is a major factor driving growth of the global metalized films market.
The global metalized films market is segmented on the basis of metal, polymer, end-use industry, and region. On the basis of metal, the global market is segmented into aluminum and copper. The aluminum segment accounts for highest share and is expected to witness highest growth over the next 10 years.
On the basis of polymer, the target market is segmented into polypropylene (PP), polyethylene terephthalate (PET), and others such as nylon, polyethylene (PE), polycarbonate, and thermoplastic polyurethane.
On the basis of end-use industries, it is segmented into food and beverages, personal care, pharmaceutical, industrial, and electrical. The food and beverages segment accounts for highest share in terms of revenue and is expected to witness highest growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe and North America accounts for highest share in metalized films and will maintain its dominance in coming years, owing to increasing demand of the product from the end-use industries in countries in the region. The market in Asia pacific is expected to a significant growth over the forecast period. Latin America, and Middle East & Africa are expected to register stable growth over the forecast period.
Some major players in theglobal market include Jindal Poly Films Limited, Cosmo Films Ltd., Sierra Coating Technologies LLC, Flex-Film International BV, Avery Dennison Corporation, DUNMORE Corporation, Polinas Plastik Sanayi ve Ticaret A.S., Accrued Plastic Ltd., POLIFILM Group, Invico S.A., Manucor S.p.A., TAGHLEEF INDUSTRIES GROUP, Klöckner Pentaplast Ltd., Jolybar Filmtechnic Converting 1987 Ltd., and Innovia Films Ltd.