Growing Need for Metallic BOPP Films to Create $3.72 Billion Opportunity by 2032

Strong demand for metallized films in the electronics sector to push back sales US$3.72 billion by 2032

The latest study released by Fact.MR provides in-depth insights into the Global Metallized Films Market for the forecast period 2022 to 2032. The report further explains vital dynamics such as opportunities, challenges, and drivers expected to influence the market sales. The study also reveals information on segments such as metal, type and end use in 6 regions.

NEW YORK, June 21, 2022 /PRNewswire/ — Worldwide sales of metallic films are currently valued at approximately US$2.44 billion. The demand for metallized films is expected to increase at a CAGR of 4.3%, reaching US$3.72 billion by 2032.

Due to favorable functional properties such as high protection, durability and cost effectiveness, manufacturers in the packaging industry prefer metallized films. According to Fact.MR, the global consumption of metallized films amounts to approximately US$2.10 billion in 2017, and reached US$2.37 billion in 2021.

However, the global metallized films market is expected to grow from a valuation of US$2.44 billion in 2022 at $3.72 billion by 2032. Rising demand for metallized BOPP films in electronics, food packaging and insulation applications is driving the market.

Another factor driving the sales in the market includes the growing adoption of metallized BOPP films for packaging electronic and electrical products.

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According to the India Brand Equity Foundation, india fast-moving consumer goods market is expected to reach 220 billion US dollars by 2025, against 110 billion US dollars in 2020. Several FMCG products are inexpensive and require low cost packaging solutions.

In this sector, there is a large consumption of metallized films for the packaging of everyday consumer goods. Therefore, rising investment in this sector will boost the sales of metallized films.

The increasing use of metallized films in everyday product packaging along with technological advancements in developing countries across Asia Pacific is expected to boost the sales of metallized films in the Asia-Pacific market. In 2022, Asia Pacific is likely to hold 27.2% of the global market share.

In terms of demand, Europe is the third largest market for metallized films. Expansion in personal care products and electronics sectors in countries Europe will place it as an attractive market during the evaluation period.

Key points to remember:

  • Europe metallized films market should reach a valuation of US$925.8 million by 2032.
  • The US metallized film market is currently valued at around US$790.1 million and is expected to expand at a CAGR of 3.8% to reach US$1.14 billion by 2032.
  • Extensive use of metallized films in daily product packaging will boost the Asia Pacific market, with sales representing 27.2% of the total market share in 2022.
  • North America and Latin America are expected to represent 35.9% and 7.2% of the global market share respectively.
  • By type, sales of polypropylene (PP) films will hold 69.1% of the total market share in 2022.
  • Based on metal, the aluminum segment is expected to account for 60.5% of the total market share in 2022.

Growth drivers:

  • Growing demand for flexible packaging solutions with superior lamination properties will drive metallized film sales.
  • The increasing adoption of stand-up pouches that allow printability for advertising purposes will drive the demand for metallized films.

Constraints:

  • Metallic films used on car windows decrease visible light transmission (VLT), which could limit their adoption.
  • The ban on showing movies due to traffic safety concerns will limit the growth of the market.

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Competitive landscape

Leading metallized polypropylene film manufacturers are focused on offering lightweight and more durable metallized films. They also focus on expansion, new product development, mergers and acquisitions, and collaboration. For instance:

  • In 2021: Flex Films has introduced “F-UHB-M” metallic polyester ultra-high barrier film as an alternative to aluminum foil in flexible packaging solutions.

Top Companies Featured by Fact.MR

  • Cosmo Films Ltd.
  • Sierra Coating Technologies LLC
  • Avery Dennison Corp.
  • Accrued Plastic Ltd.
  • Invico AG
  • Taghleef Industries Group
  • Innovia Films Ltd.
  • Jindal Poly Films Limited
  • Dunmore Company
  • Flex-Film International B.V.
  • Polinas Plastik Sanayi and Ticaret AS
  • Polifilm Group
  • Manucor SpA
  • Klöckner Pentaplast AG

More Valuable Insights into Metallized Films Market

In the latest study, Fact.MR offers a detailed study on the Metallized Films Market for the forecast period 2022 to 2032. This study also highlights the key drivers driving the sales of Metallized Films through detailed segmentation as follows :

Metallised Films Market by Metal:

Metallized Films Market By Type:

  • Polypropylene
  • Polyethylene terephthalate
  • Other types

Metallized Films Market by End Use:

  • Packaging
  • Decorative
  • Other end uses

Metallized Films Market by Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • AEM

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Key Questions Answered in the Metallised Films Report

  • What is the projected market valuation of metallic films in 2022?
  • How fast will global metallic films grow through 2032?
  • What are the factors hindering the growth of metallized films?
  • Which region is expected to top the global metallic film rankings in 2022-2032?
  • What are the driving factors for metallized films during the forecast period?
  • What is the expected market value of Metallized Films over the forecast period?

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About Fact.MR

Fact.MR is a market research and advisory agency with deep expertise in emerging market intelligence. Covering a wide range – from automotive and industry 4.0 to healthcare, chemicals and materials, and the most specialized categories. 80% of Fortune 1000 companies trust us with critical decision making.

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