Global Metallized Film Market is valued USD 2 billion in 2016 is anticipated to grow USD 3.1 billion with the compounded annual growth of 5.09% over the forecast period 2018-2025.
New York 21 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Metallized Film Market industry is poised to raise USD 3.1 billion by 2025. Shift in global packaging market is further anticipated to boost the global demand for metallized films. Additionally, metallized films are also employed to achieve barrier properties, which are needed to increase the shelf-life of the product. Metallized films offer smooth metallic appearance of a polyester film at reduced weight and cost. They are preferred due to their high tensile strength, transparency, reflectivity, gas and odor barrier properties, and electrical insulation. Technological advancements have equipped manufacturers to supply metallized films according to the thickness and width specifications required by end-user.
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The industry is seeming to be fairly competitive. Some of the leading market players The industry is seeming to be fairly competitive. Some of the leading market players include Cosmo Films Limited, Jindal Poly films Limited, Uflex.Ltd., Polyplex Corporation Ltd, Toray Industries Inc, Taghleef Industries, Bollore Inc., Polinas, Ester Industries, Dunmore. and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America are expected to dominate the metallized film market due to expansion of the automobile industry and the increase in demand for packaged food products in the region
- Asia Pacific is witnessing an increase in demand for metallized films due to the rise in disposable income and high rate of consumption for packaged foods in the region.
. Bizwit Research & Consulting LLP has considered following segments for the study:
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
By End-Use Industry:
- North America
- Asia Pacific
- Latin America
- Rest of the World