Product ID: SQMIG15G2032
Global Metalized Flexible Packaging Market Size, Share, Growth Analysis, By Application(Packaging, Decoration), By Type(Aluminum Foil Based Flexible Packaging, Metalized Film Flexible Packaging.), By Structure(Laminated Structures, Mono Extruded Structures), By Packaging type(Pouches, Bags), By End user(Food, Beverages) - Industry Forecast 2024-2031
Report ID:
SQMIG15G2032 |
Region:
Global |
Published Date: February, 2024
Pages:
273
|
Tables:
150 |
Figures:
78
Global Metalized Flexible Packaging Market Insights
Metalized Flexible Packaging Market size was valued at USD 4.76 billion in 2019 and is poised to grow from USD 5.04 billion in 2023 to USD 7.91 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Metalized Flexible Packaging are becoming popular since they allow the packaging of products to meet the perfect design, shape and size. Moreover, unlike the other packaging material, metalized flexible packaging are highly malleable. Traditional rigid packaging didn't offer the shelf life compared to MFP. On the other hand, metalized flexible packaging has high protection qualities because of its durable and pliable abilities as well as it also enhances the shelf life of majority products.
Cost saving sustainability goals along with innovations in packaging is achieved by several brands' packaging departments through flexible packaging materials. Along with retails, it also provides the consumers with convenience and transparency, giving shoppers confidence in their purchasing decisions. For instance, the food and beverages industry is shifting its preference to lightweight and easy to handle packaging from traditional packaging formats because the traditional packaging Inside products lose moisture, which affects the quality and texture of food products as well as pharmaceutical products.
For instance, aluminum flexible metal packaging which is converted into aluminum foil has best dead-fold properties.It provides an excellent 100% barrier to all gasses, moisture and light.Moreover, it is a good reflector of radiant heat, usually supported with plastic / paper in multilayer structure because it cracks when folded.
US Metalized Flexible Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Metalized Flexible Packaging Market Report Snapshots
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