Home > Packaging > Packaging Materials > Metalized Flexible Packaging Market
Metalized Flexible Packaging Market was valued at USD 13.8 billion in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032. With the rapid growth in the food & beverages industry, there is an increasing focus on flexible packaging solutions.
Metalized flexible packaging solution caters to the rising demand for ready-to-eat products such as snacks and convenience food. The packaging solution helps in keeping the food fresh while offering the necessary barrier properties. It ensures that the packaged food & beverages are safe for an extended period.
For instance, in March 2024, Lecta brought Metalvac FP, a metallized paper designed for flexible packaging applications that do not require any specific barrier properties. The product is suitable for final applications such as chocolate and ice cream cone wrappers and other food packaging applications without barrier requirement.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Metalized Flexible Packaging Market Size in 2023: | USD 13.8 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 5% |
2032 Value Projection: | USD 20 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 348 |
Segments covered: | Material Type, Structure, Packaging Type, End-Use, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Flexible packaging solutions in the healthcare and pharmaceutical sectors are witnessing a growth with rising requirements among consumers. Flexible packaging is beneficial with respect to the traditional methods of packaging as it is lightweight, requires minimum resource to produce, and involves versatility based on the customers’ requirements. Apart from reducing the environmental impact, the metalized flexible packaging solution supports the companies in reducing the packaging cost.
Companies, such as Cosmo Films, are adapting to the newer form of applied sciences to improve the performance of flexible packaging in the pharmaceutical sector. The focus on R&D powers the innovation capabilities for the creation of advanced materials, including multi-layer films with superior barrier properties, enabling pharmaceutical products to be well-protected against external factors and maintaining efficacy and integrity throughout the entire supply chain.
The metalized films are highly valued in packaging due to their excellent barrier properties for oxygen, moisture, and light but they remain less flexible with respect to the multi-layer barrier films. It is important to check whether the packaged products have pinholes or smaller cracks. The packaged food or beverages need to be kept fresh, and for this, flexible packaging must also adhere to the standards based on the uniformity and thickness of the film layer. Any imperfection in the packaging spoils the lot or reduces the packaging effectiveness.
The rising concerns about the packaging of the products show that there is an increasing demand for new design and development of the packaged products, ensuring safety during their shelf-life cycle. Organizations are working on and developing new materials to provide a flexible packaging option for addressing the customers’ needs and aesthetic appearance as well. They are looking for materials that are easier to recycle in comparison to other multi-layer films. The mono materials structure or the homogeneity helps in simplifying the process of recycling and making it environment friendly.
For instance, in January 2024, Saica Flex, Saica Group’s division for flexible packaging, successfully developed a new mono-material, metalized structure. This cutting-edge development was designed to cater to a wide variety of products. Saica Group's flexible packaging division has successfully developed a new metallized MonoPE triplex structure; a mono-material pack, with a premium metallized appearance, high barrier, versatile, and adapted to customer needs.
There is a rising shift toward circular economy wherein the products used for making packages are reused and recycled easily. Ecofriendly packages are gaining momentum, serving the purpose of keeping the items safe and reducing the burden on environment. Developing materials to withstand heat and other related factors in order to improve the shelf life of the concerned product is the current requirement of various food and non-food sectors. For instance, in June 2024, Parkside Flexibles announced the expansion of the existing portfolio of sustainable flexible packaging options with the introduction of a new recyclable metalized barrier paper solution. The new paper range offers enhanced printability, heat resistivity, and barrier performance from moisture, light, and oxygen, which can spoil the products.
Based on material type, the market is segmented into aluminum foil, metalized films, ALOX/SIOX PP & PET, and others. Metalized films dominated the market in 2023 and are expected to reach over USD 6.5 billion by 2032.
Based on end-use type, the market is segmented into food & beverage, pharmaceuticals, cosmetics & personal care, and others. The food & beverage segment represents the fastest growing segment, with a CAGR of over 5.5% between 2024 and 2032.
The metalized flexible packaging market is experiencing an unprecedent growth in Asia Pacific and is expected to reach USD 7 billion by 2032. The Asia Pacific region is highly lucrative within the metalized flexible packaging solution with the advent of urbanization and industrialization in key countries such as China, Japan, and India. South-East Asian countries are demanding more sustainable packaging option and less waste. Considering the rising challenges in logistics, the countries are developing solutions with lightweight packages and durability to withstand light and heat.
North America is continuously adopting and developing new technologies for the packaged solution requirement. There is a stronger focus on new coating and materials that can serve the purpose of the safety of packaged items and improve the shelf life. To meet the consumers’ demands and regulatory standards, there is a push toward sustainable flexible packaging options for packaging.
Amcor Group GmbH and Mondi Group together held over 12% share of the metalized flexible packaging industry in 2023. Amcor Group GmbH is proficient in developing and producing responsible packaging solutions for various food, beverage, pharmaceutical, medical, home and personal-care, and other related products. It has deep expertise and brings together the best in packaging design, science, manufacturing, and people to help the business grow.
Mondi Group has presence in more than 30 countries and deliberately focuses on packaging and paper, contributing to a better world by making innovative solutions that are sustainable by design. Mondi’s employees work across 100 production sites and develop solutions that are highly efficient in the barrier factors for the protection of goods.
Major players operating in the metalized flexible packaging industry are:
Click here to Buy Section of this Report
Market, By Material Type
Market, By Structure
Market, By Packaging Type
Market, By End-Use
The above information is provided for the following regions and countries: