A detailed study on Metallised Polyester Films market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
The metalized polyester films market is expected to reach US$ 4.55 billion in 2032, from US$ 2.72 billion in 2022. According to FMI, the market is predicted to expand at a CAGR of 5.3 through 2032.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Metallised Polyester Films market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Metallised Polyester Films in the coming 10-years.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Metallised Polyester Films
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Metallised Polyester Films market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Metallised Polyester Films Market Takeaways and Projections
- The U.S. is expected to lead the North America Metallised Polyester Films market, projecting the fastest growth in the region between 2022-2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Metallised Polyester Films market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Metallised Polyester Films market. Some of the players operating in the global metallised polyester films market include Ester Industries Ltd., Jindal Polyfilms Ltd., Sumilon Polyester Ltd., SRF Limited, Polyplex, Cosmo Films Ltd., Polinas Corporate, Uflex Ltd., Toray Plastics (America) Inc., and Impak Films USA LLC.
Metallised Polyester Films Market: Market Segmentation
The global market for metallised polyester films is segmented on the basis of thickness, application, and end use.
On the basis of the thickness the global market for metallised polyester films is segmented as follows:
- Up to 15 microns
- 15-30 microns
- 30-60 microns
- 60 microns and above
On the basis of the application the global market for metallised polyester films is segmented as follows:
- Pouches
- Lids
- Candy wrappers
- Labels
- Others
On the basis of the end-use the global market for metallised polyester films is segmented as follows:
- Food
- Pharmaceutical
- Electrical
- Industrial
- Others
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