Market Trends of Metalized Film Industry
Increasing Demand from Packaging Industry
- To ensure outstanding quality, metalized films are employed as high-barrier flexible packages in the processing of frozen food, frozen desserts, tobacco, medical instruments, electrical and electronic equipment, food, beverages, textiles, coffee, vegetables, and many other products. Metalized film materials create a durable layer of insulation to protect food materials when packaged.
- Aluminum is used a lot in the packaging industry because it doesn't rust, is light, and can keep chemicals, moisture, temperature, and air out.
- The food and drink industry is a big part of the market for metalized film packaging as a whole.Manufacturers of food products are putting a lot of money into research and development to find better ways to package their products and lower the costs of making packaging materials.
- Food packaging is a big part of the packaging business. In China, it makes up about 60% of the total market share.According to Interpack, the total amount of packaging for food in China is expected to reach 447 billion units in 2023. This means that the packaging industry will need more metalized films.
- According to the Packaging Industry Association of India (PIAI), the Indian packaging industry is expected to grow at a rate of 22% during the forecast period. Also, the Indian packaging market is expected to register a CAGR of 26.7% between 2020 and 2025 and reach USD 204.81 billion by 2025.
- India is also growing as a major global exporter of packaging materials. According to the India Brand Equity Foundation (IBEF), India's packaging material exports registered a CAGR of 9.9% from USD 844 million in 2018-19 to USD 1,119 million in 2021-22. The United States continues to be the leading package export destination, followed by the United Kingdom, the United Arab Emirates, the Netherlands, and Germany.
- The Japanese Ministry of Economy, Trade, and Industry says that the amount of aluminum foil produced by Japan's nonferrous metal industry went up by 21,200 tons (19%) from 2020 to 2021.The production quantity thus reached its greatest value in 2021, with 127.15 thousand tons.
- This market is expected to grow quickly over the next few years because metalized film packaging is better than traditional packing materials.
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Europe Region to Dominate the Market
- With growing exports from all sectors of the European Union, which includes countries like Germany, the UK, Italy, and others, the Europe region has a large share of the world market.
- Some of the things that are driving the growth of the food service industry and, therefore, the need for better packaging solutions are more people living in cities, less free time, and more money in their pockets. Dine-out has also seen a shift toward online food delivery and take-out, which has increased the need for different types of food packaging.
- In 2022, the European food and beverage industry was expected to employ 4.6 million people, bring in EUR 1.1 trillion (USD 1.159 trillion) in revenue, and add EUR 230 billion (USD 242.37 billion) in value, making it one of the largest manufacturing industries in Europe.Thereby, as the food and beverage industry grows in the region, the demand for food packaging increases, as does the market studied.
- According to the Federal Statistical Office of Germany, the revenue of the packaging industry of Germany in the year 2021 was about USD 30 billion, which was about 13% more than the previous year's revenue generated. Out of the total, the share of the revenue from the packaging industry for metallic packaging was about 5%, or about USD 1.5 billion.
- In Europe, the German electronics industry is the largest in the region. German electrical and electronics are Europe's and the world's 5th-largest market, with a volume of more than EUR 200 billion (USD 236 billion) in 2021, according to the Germany Electrical and Electronics Association.
- According to the ZVEI, the electronics and digital industry in Germany made EUR 21.1 billion (USD 22 billion) in sales in November 2022, which was 14.4% more than in November 2021.
This market is expected to grow quickly over the next few years because metalized film packaging is better than traditional packaging materials and the electrical and electronics industries are growing all over the region.
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