CHICAGO, Nov. 22, 2022 /PRNewswire/ According to the new market research report "Flexible Packaging Market by Packaging Type (Pouches, Bags, Roll Stock, Films & Wraps), Printing Technology
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The global metalized flexible packaging market size is estimated at USD 4.5 billion in 2020 and is projected to reach USD 5.8 billion by 2025, at a CAGR of 5.3% from 2020 to 2025.
The major drivers for the market include an increase in demand for longer shelf life of products and increasing demand for customer-friendly packaging. However, volatile raw material cost restrains the market growth. Moreover, sustainable and new metalized flexible packaging are expected to propel the market for metalized flexible packaging.
Impact of COVID-19 outbreak on the metalized flexible packaging market
The outbreak of COVID-19 has affected the market for metalized flexible packaging manufacturers catering to the personal care other products which were not considered as essential. Moreover, most of the global companies operating in this market are based in the Asia Pacific, US, and European countries, which are adversel
The Worldwide Metalized Flexible Packaging Industry is Expected to Grow to $5 8 Billion by 2025 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Aluminum foil segment is estimated to lead the metalized flexible packaging market during the forecast period
By type, the aluminum foil based segment is estimated to lead metalized flexible packagings market in 2019. Aluminum is the most commonly used metal in flexible metal packaging, primarily due to its cost-effectiveness. Aluminum is a lightweight, silvery-white metal derived from bauxite ore, where it exists in combination with oxygen as alumina. Magnesium and manganese are added to aluminum to improve its strength. Aluminum is highly resistant to most forms of corrosion and its natural coating of aluminum oxide provides a highly effective barrier against air, temperature, moisture, and chemical attacks. Aluminum foil based flexible packaging is used in packaging for food, beverage and pharmaceutical and personal care products.
Metalized Flexible Packaging Market worth $5.8 billion by 2025 - Exclusive Report by MarketsandMarkets Metalized Flexible Packaging Market
by Material Type (Aluminum Foil Based, Metalized Film), Structure, Packaging Type (Pouches, Bags, Wraps), End-Use Industry (Food, Beverage, Personal Care, Pharmaceuticals, Pet Food), Region - Global Forecast to 2025 , published by MarketsandMarkets, the global Metalized Flexible Packaging Market size in 2020 is estimated at USD 4.5 billion and is projected to reach USD 5.8 billion by 2025, at a CAGR of 5.3% from 2020 to 2025. The major drivers for the market include an increase in demand for the longer shelf life of products and increasing demand for customer-friendly packaging. However, volatile raw material cost restrains the market growth. Moreover, sustainable and new metalized flexible packaging is expected to propel the market for metalized flexible packaging.