Metalized Barrier Films Market - Forecast(2024 - 2030)
Metalized Barrier Films Market Overview
The metalized barrier films market size is forecast to reach US$4.2 billion by 2027 after growing at a CAGR of 5.2% during 2022-2027. Metalized barrier films are high-performance films that act as a barrier against the transmission of water vapour, oxygen, and light. These barrier films are extensively used in the food and beverage industry for increasing the shelf life and retaining the taste of a wide range of food items. The food and beverage industry booming globally with increasing investments and production and this will contribute to the growth of the market in the forecast period. For instance, according to the report by Investment India, the food processing sector in India is expected to become over a half a trillion dollars market by 2025. Furthermore, metalized barrier films find their massive usage in the application of several pharmaceutical products such as tablets, capsules, powders, creams, ointments, etc. The pharmaceutical industry is expanding globally and this will drive the growth of the market in the forecast period. For instance, as per the 2020 data by the European Federation of Pharmaceutical Industries and Associations, the production of medicines in the European region touched US$ 317,942.75 million in 2019 which was US$ 300,434.09 in the previous year. Polypropylene is projected to witness the highest demand in the forecast period. Other materials such as polyethylene, polyethylene terephthalate, polyamides, and ethylene vinyl alcohol will witness significant demand in the forecast period. The fluctuations in the prices of these materials might hamper the market’s growth in the forecast period.
COVID-19 Impact
The metalized barrier films market was positively impacted due to the COVID-19 pandemic. Challenges such as supply chain disruption and raw material procurement surfaced during the pandemic, slowing down the business in the market. Despite these challenges, the market witnessed significant growth owing to the increased demand for packaging applications of ready-to-eat meals, packaged foods, fresh vegetables, and various pharmaceutical products. According to the August 2020 report by Uflex Ltd, the demand for packaging surged owing to the personal hygiene category. Going forward, the metalized barrier films market is projected to witness significant growth due to the massive demand for barrier films generated in end-use sectors like food and beverage, personal care and cosmetics, and pharmaceuticals.
Metalized Barrier Films Report Coverage
The report: “Metalized Barrier Films Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Metalized Barrier Films industry.
By Type: High Moisture Barrier (HMB), High Speed
Barrier (HSB), Ultra High Barrier (UHB), Others
By Material: Polyethylene, Polypropylene, Polyethylene Terephthalate (PET), Aluminum Oxide, Silicone Oxide, Poly Lactide
Acid (PLA), Polyamides,
Ethylene Vinyl Alcohol (EVOH), Polyvinyl Chloride, Others
By End Use Industry: Food
and Beverages, Bakery Goods, Chips and Snacks, Frozen Foods, Dry Fruits, Dairy
Whitener, Ketchup, Alcohol, Pharmaceutical, Personal Care and Cosmetics, Electronics,
Aerospace, Industrial, Agriculture, Construction, Residential, Commercial, Office,
Hotels and Restaurants, Concert Halls and Museums, Educational Institutes, Others
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China,
Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan,
Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina,
Colombia and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways:
- Ultra-high barrier films are dominating the metalized barrier films market. This type of barrier film offers robust aroma, moisture, and gas barrier properties.
- The pharmaceutical sector will drive the growth of the market in the forecast period. As per the July 2020 data by the United States National Library of Medicine, in 2019, overall US pharmaceutical expenditures surged 5.4% compared to the previous year.
- The Asia-Pacific region will witness the highest demand for metalized barrier films owing to the expanding food and beverage industry in the region. According to the report by International Trade Association, the food and beverage industry in China accounted for $595 billion in 2019, a 7.8% jump compared to the previous year.
Figure: Asia Pacific Metalized Barrier Films Market Revenue, 2021-2027 (US$ Billion)
For More Details on This Report - Request for Sample
Metalized Barrier Films Market - By Type
The ultra-high barrier film segment dominated the metalized barrier films market and is growing at a CAGR of 5.4% in the forecast period. This type of barrier film is used in demanding applications such as high moisture sensitivity. Ultra-high barrier films are a suitable alternative to aluminum foil and provide superior metal-to-film bond strength. Owing to such excellent properties, market players are focusing on the higher development of ultra-high barrier films. For instance, in September 2021, Flex Films, the global film manufacturing arm of UFlex, launched metallic polyester ultra-high barrier film F-UHB-M as a replacement for aluminum foil in flexible packaging applications. Such developments in the ultra-high barrier films segment will increase its demand in the metalized barrier films market during the forecast period.
Metalized Barrier Films Market - By Material
Polypropylene dominated the metalized barrier films market in 2021. Polypropylene-based metalized barrier films provide flexibility and robustness to packaging solutions in a cost-effective way. Polypropylene metalized barrier films block oxygen, moisture, and humidity, leading to the increased shelf life of the product. Metalized barrier films made of polypropylene are a one-stop solution in several industries owing to which market players are engaging in the higher development of polypropylene-based metalized barrier films. For instance, in April 2019, Cosmo Films, which deals with metalized barrier films, launched cast polypropylene (CPP) film for packaging applications requiring high oxygen and moisture barrier. Such developments in barrier films with the help of polypropylene will increase its demand in the forecast period. Polyethylene and polyethylene terephthalate will witness significant demand in the forecast period.
Metalized Barrier Films Market - By End Use Industry
The food and beverage industry dominated the metalized barrier films market in 2021 and is growing at a CAGR of 5.8% in the forecast period. Metalized barrier films are extensively used in the packaging application of a wide variety of food items and the expansion of the food and beverage sector globally will drive the market’s growth in the forecast period. For instance, according to the report by India Brand Equity Foundation, in April 2021, the Government of India approved a PLI scheme with an incentive outlay amounting to US$ 1,484 million for the food processing sector over six years starting from FY22. Similarly, according to the 2021 data by the United States of Agriculture (USDA), countries like the UK and the US have higher food spending in absolute terms. Such massive expansion in the food and beverage industry will increase the implementation of metalized barrier films which in turn will contribute to the growth of the market in the forecast period.
Metalized Barrier Films Market - By Geography
The Asia-Pacific region held the largest market share in the metalized barrier films market in 2021 with a market share of up to 34%. The high demand for metalized barrier films is attributed to the region’s expanding food and beverage industry. For instance, according to the 2021 data by Invest India, India recorded a 15% jump in the export of agricultural and processed food products between April-October. Similarly, according to the report by trade.gov, the food and beverage industry in China was approximately $595 billion in 2019, increasing 7.8% compared to the previous year. Such massive expansion in the region’s food and beverage industry will increase the demand for metalized barrier films in the forecast period. The European region is projected to witness significant demand for metalized barrier films owing to the region’s growing pharmaceutical sector.
Metalized
Barrier Films Market Drivers
The booming pharmaceutical sector will drive the market’s growth
Metalized barrier films have
deep roots in the pharmaceutical sector as they are used extensively in the
packaging of multiple pharmaceutical products such as tablets, capsules,
powders, creams, and ointments. The
pharmaceutical sector is expanding globally and this will drive the growth of the market in the forecast period.
For instance, as per the 2020 statistics by the European Federation of
Pharmaceutical Industries and Associations, medicine imports in the European
pharmaceutical segment amounted to US$ 387,325 in 2019 which was US$ 362,199 in
the previous year. Similarly, as per the 2021 report by the India Brand Equity
Foundation, generic drugs accounted for 20% of the global export in terms of
volume, making India the largest provider of generic medicines globally. This high growth in the
pharmaceutical sector will increase the higher uses of metalized barrier films in the packaging application
and this will contribute to
the growth of the market during the forecast
period.
Expanding food and beverage industry will drive the growth of the market
The food and beverage industry ranks as the largest consumer of metalized barrier films due to the high implementation of these barrier films in the food and beverage packaging application. The food and beverage industry globally expanding with increasing production and investments and this will drive the growth of the market in the forecast period. For instance, as per the November 2020 data by FoodDrinkEurope, the food and drink industry in the European Union generates a turnover of US$ 1.3 trillion and US$ 300 billion in value-added, making it European Union’s largest manufacturing industry. Similarly, according to the data by Invest India, the export of poultry, dairy, and meat products from India increased from US$ 483.5 million during April-June 2020 to $1022.5 million in April-June 2021. Such massive growth in the food and beverage sector will increase the use of metalized barrier films in the packaging application for food and beverages and this will drive the market’s growth in the forecast period.
Metalized Barrier Films Market Challenges
Fluctuation in the prices of raw materials might hamper the market’s growth
The metalized barrier films involve raw materials such as polyethylene, polypropylene, and polyethylene terephthalate. These are petroleum-derived raw materials whose prices are fluctuating because of the volatility in petroleum prices and this might affect the growth of the metalized barrier films market in the forecast period. Petroleum prices dropped historically during the pandemic. According to the statistics by ourworldindata.org, the crude oil price in 2017 stood at US$ 54.19 per barrel which surged to US$ 64.21 per barrel in 2019. In 2020, the oil price again lowered to US$ 41.84 per barrel. Such fluctuations in oil prices created volatility in the price of petroleum, thereby fluctuating the prices of raw materials. This fluctuation in the raw material prices might hinder the growth of the metalized barrier films market in the forecast period.
Metalized Barrier Films Industry Outlook
Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the metalized barrier films market. Major players in the metalized barrier films market are:
- Cosmo Films Ltd.
- UFlex
- Jindal Poly Films
- Polinas
- Toray Industries
- Polyplex Corporation
- DUNMORE Corporation
- Amcor Ltd.
- Others
Recent Developments
In September 2020, Cosmo Films Ltd. announced to set up a new line for biaxially-oriented polyethylene terephthalate films line by the second quarter of 2022-23. This new specialty polyester films line will help the company to expand its metalized barrier films portfolio in the forecast period.
Relevant Reports
Barrier Films Market - Forecast 2021 – 2026
Report Code: CMR 86584
Adhesion Barrier Market - Forecast 2022 – 2027
Report Code: HCR 0533
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Metalized Barrier Film Market Analysis And Forecast By Material Market 2023-2030 ($M)1.1 Pe Market 2023-2030 ($M) - Global Industry Research
1.2 Bopet Market 2023-2030 ($M) - Global Industry Research
1.3 Pp Market 2023-2030 ($M) - Global Industry Research
1.4 Polyamide Market 2023-2030 ($M) - Global Industry Research
1.5 Pvdc Market 2023-2030 ($M) - Global Industry Research
1.6 Evoh Market 2023-2030 ($M) - Global Industry Research
2.Global Metalized Barrier Film Market Analysis And Forecast By End-Use Market 2023-2030 ($M)
2.1 Electronics Market 2023-2030 ($M) - Global Industry Research
2.2 Home Care Market 2023-2030 ($M) - Global Industry Research
2.3 Personal Care Market 2023-2030 ($M) - Global Industry Research
3.Global Metalized Barrier Film Market Analysis And Forecast By Barrier Market 2023-2030 ($M)
3.1 Low Barrier Market 2023-2030 ($M) - Global Industry Research
3.2 Medium Barrier Market 2023-2030 ($M) - Global Industry Research
3.3 High Barrier Market 2023-2030 ($M) - Global Industry Research
3.4 Ultra High Barrier Market 2023-2030 ($M) - Global Industry Research
4.Global Metalized Barrier Film Market Analysis And Forecast By Material Market 2023-2030 (Volume/Units)
4.1 Pe Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Bopet Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Pp Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Polyamide Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Pvdc Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Evoh Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Metalized Barrier Film Market Analysis And Forecast By End-Use Market 2023-2030 (Volume/Units)
5.1 Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Home Care Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Personal Care Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Metalized Barrier Film Market Analysis And Forecast By Barrier Market 2023-2030 (Volume/Units)
6.1 Low Barrier Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Medium Barrier Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 High Barrier Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Ultra High Barrier Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Metalized Barrier Film Market Analysis And Forecast By Material Market 2023-2030 ($M)
7.1 Pe Market 2023-2030 ($M) - Regional Industry Research
7.2 Bopet Market 2023-2030 ($M) - Regional Industry Research
7.3 Pp Market 2023-2030 ($M) - Regional Industry Research
7.4 Polyamide Market 2023-2030 ($M) - Regional Industry Research
7.5 Pvdc Market 2023-2030 ($M) - Regional Industry Research
7.6 Evoh Market 2023-2030 ($M) - Regional Industry Research
8.North America Metalized Barrier Film Market Analysis And Forecast By End-Use Market 2023-2030 ($M)
8.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
8.2 Home Care Market 2023-2030 ($M) - Regional Industry Research
8.3 Personal Care Market 2023-2030 ($M) - Regional Industry Research
9.North America Metalized Barrier Film Market Analysis And Forecast By Barrier Market 2023-2030 ($M)
9.1 Low Barrier Market 2023-2030 ($M) - Regional Industry Research
9.2 Medium Barrier Market 2023-2030 ($M) - Regional Industry Research
9.3 High Barrier Market 2023-2030 ($M) - Regional Industry Research
9.4 Ultra High Barrier Market 2023-2030 ($M) - Regional Industry Research
10.South America Metalized Barrier Film Market Analysis And Forecast By Material Market 2023-2030 ($M)
10.1 Pe Market 2023-2030 ($M) - Regional Industry Research
10.2 Bopet Market 2023-2030 ($M) - Regional Industry Research
10.3 Pp Market 2023-2030 ($M) - Regional Industry Research
10.4 Polyamide Market 2023-2030 ($M) - Regional Industry Research
10.5 Pvdc Market 2023-2030 ($M) - Regional Industry Research
10.6 Evoh Market 2023-2030 ($M) - Regional Industry Research
11.South America Metalized Barrier Film Market Analysis And Forecast By End-Use Market 2023-2030 ($M)
11.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
11.2 Home Care Market 2023-2030 ($M) - Regional Industry Research
11.3 Personal Care Market 2023-2030 ($M) - Regional Industry Research
12.South America Metalized Barrier Film Market Analysis And Forecast By Barrier Market 2023-2030 ($M)
12.1 Low Barrier Market 2023-2030 ($M) - Regional Industry Research
12.2 Medium Barrier Market 2023-2030 ($M) - Regional Industry Research
12.3 High Barrier Market 2023-2030 ($M) - Regional Industry Research
12.4 Ultra High Barrier Market 2023-2030 ($M) - Regional Industry Research
13.Europe Metalized Barrier Film Market Analysis And Forecast By Material Market 2023-2030 ($M)
13.1 Pe Market 2023-2030 ($M) - Regional Industry Research
13.2 Bopet Market 2023-2030 ($M) - Regional Industry Research
13.3 Pp Market 2023-2030 ($M) - Regional Industry Research
13.4 Polyamide Market 2023-2030 ($M) - Regional Industry Research
13.5 Pvdc Market 2023-2030 ($M) - Regional Industry Research
13.6 Evoh Market 2023-2030 ($M) - Regional Industry Research
14.Europe Metalized Barrier Film Market Analysis And Forecast By End-Use Market 2023-2030 ($M)
14.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
14.2 Home Care Market 2023-2030 ($M) - Regional Industry Research
14.3 Personal Care Market 2023-2030 ($M) - Regional Industry Research
15.Europe Metalized Barrier Film Market Analysis And Forecast By Barrier Market 2023-2030 ($M)
15.1 Low Barrier Market 2023-2030 ($M) - Regional Industry Research
15.2 Medium Barrier Market 2023-2030 ($M) - Regional Industry Research
15.3 High Barrier Market 2023-2030 ($M) - Regional Industry Research
15.4 Ultra High Barrier Market 2023-2030 ($M) - Regional Industry Research
16.APAC Metalized Barrier Film Market Analysis And Forecast By Material Market 2023-2030 ($M)
16.1 Pe Market 2023-2030 ($M) - Regional Industry Research
16.2 Bopet Market 2023-2030 ($M) - Regional Industry Research
16.3 Pp Market 2023-2030 ($M) - Regional Industry Research
16.4 Polyamide Market 2023-2030 ($M) - Regional Industry Research
16.5 Pvdc Market 2023-2030 ($M) - Regional Industry Research
16.6 Evoh Market 2023-2030 ($M) - Regional Industry Research
17.APAC Metalized Barrier Film Market Analysis And Forecast By End-Use Market 2023-2030 ($M)
17.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
17.2 Home Care Market 2023-2030 ($M) - Regional Industry Research
17.3 Personal Care Market 2023-2030 ($M) - Regional Industry Research
18.APAC Metalized Barrier Film Market Analysis And Forecast By Barrier Market 2023-2030 ($M)
18.1 Low Barrier Market 2023-2030 ($M) - Regional Industry Research
18.2 Medium Barrier Market 2023-2030 ($M) - Regional Industry Research
18.3 High Barrier Market 2023-2030 ($M) - Regional Industry Research
18.4 Ultra High Barrier Market 2023-2030 ($M) - Regional Industry Research
19.MENA Metalized Barrier Film Market Analysis And Forecast By Material Market 2023-2030 ($M)
19.1 Pe Market 2023-2030 ($M) - Regional Industry Research
19.2 Bopet Market 2023-2030 ($M) - Regional Industry Research
19.3 Pp Market 2023-2030 ($M) - Regional Industry Research
19.4 Polyamide Market 2023-2030 ($M) - Regional Industry Research
19.5 Pvdc Market 2023-2030 ($M) - Regional Industry Research
19.6 Evoh Market 2023-2030 ($M) - Regional Industry Research
20.MENA Metalized Barrier Film Market Analysis And Forecast By End-Use Market 2023-2030 ($M)
20.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
20.2 Home Care Market 2023-2030 ($M) - Regional Industry Research
20.3 Personal Care Market 2023-2030 ($M) - Regional Industry Research
21.MENA Metalized Barrier Film Market Analysis And Forecast By Barrier Market 2023-2030 ($M)
21.1 Low Barrier Market 2023-2030 ($M) - Regional Industry Research
21.2 Medium Barrier Market 2023-2030 ($M) - Regional Industry Research
21.3 High Barrier Market 2023-2030 ($M) - Regional Industry Research
21.4 Ultra High Barrier Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Metalized Barrier Films Market Revenue, 2023-2030 ($M)2.Canada Metalized Barrier Films Market Revenue, 2023-2030 ($M)
3.Mexico Metalized Barrier Films Market Revenue, 2023-2030 ($M)
4.Brazil Metalized Barrier Films Market Revenue, 2023-2030 ($M)
5.Argentina Metalized Barrier Films Market Revenue, 2023-2030 ($M)
6.Peru Metalized Barrier Films Market Revenue, 2023-2030 ($M)
7.Colombia Metalized Barrier Films Market Revenue, 2023-2030 ($M)
8.Chile Metalized Barrier Films Market Revenue, 2023-2030 ($M)
9.Rest of South America Metalized Barrier Films Market Revenue, 2023-2030 ($M)
10.UK Metalized Barrier Films Market Revenue, 2023-2030 ($M)
11.Germany Metalized Barrier Films Market Revenue, 2023-2030 ($M)
12.France Metalized Barrier Films Market Revenue, 2023-2030 ($M)
13.Italy Metalized Barrier Films Market Revenue, 2023-2030 ($M)
14.Spain Metalized Barrier Films Market Revenue, 2023-2030 ($M)
15.Rest of Europe Metalized Barrier Films Market Revenue, 2023-2030 ($M)
16.China Metalized Barrier Films Market Revenue, 2023-2030 ($M)
17.India Metalized Barrier Films Market Revenue, 2023-2030 ($M)
18.Japan Metalized Barrier Films Market Revenue, 2023-2030 ($M)
19.South Korea Metalized Barrier Films Market Revenue, 2023-2030 ($M)
20.South Africa Metalized Barrier Films Market Revenue, 2023-2030 ($M)
21.North America Metalized Barrier Films By Application
22.South America Metalized Barrier Films By Application
23.Europe Metalized Barrier Films By Application
24.APAC Metalized Barrier Films By Application
25.MENA Metalized Barrier Films By Application
26.Polyplex, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Dunmore Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Jindal Poly Film Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Forum Packaging, Sales /Revenue, 2015-2018 ($Mn/$Bn)