Metalized Flexible Packaging Market worth $5.8 billion by 2025
The report "Metalized Flexible Packaging Market” by Material Type (Aluminium 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" 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.
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Major companies such as Amcor Limited (Australia), Mondi Group (UK), Sealed Air Corp. (US), Sonoco Products Company (US), Polyplex Corporation Limited (India), Huhtamaki (Finland), Transcontinental Inc. (Canada) and Cosmo Films Ltd. (India) and among others.
Browse 230 market data Tables and 56 Figures spread through 250 Pages and in-depth TOC on "Metalized Flexible Packaging Market”
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Pouches is the major packaging type in the global metalized flexible packaging market
Pouches is the largest packaging type segment of the metalized flexible packaging market. The pouches segment is expected to grow at the highest CAGR from 2020 to 2025. The metalized flexible packaging market has witnessed a significant increase in the demand for pouches, mainly for food packaging, as it increases the visibility of the product and extends the product shelf life. There is increasing use of metalized flexible pouches in e-commerce and offline retail sectors owing to its less space requirement on the shelf.
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Food is projected to lead the metalized flexible packaging market
The food segment is projected to witness the 2nd highest CAGR during the forecast period. The reasons behind rising metalized flexible packaging for food are changing consumer sentiments, rising demand for packaged & processed food backed by growth in population. Rising awareness among consumers about the nutritional value of food and growing demand for convenience food has further led to the development of metalized flexible packaging for the food & beverage industry. The demand for the longer shelf life of food products, such as meat, milk, and cheese, is expected to drive the market.
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