In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
The metallized polyester films are the polymer films that has the coating of the metal especially aluminum. These films are coated on one side and plain on the other side. These films are primarily used in the packaging, decoration, insulation and electronics. The coating of the aluminum on the films reduces the permeability to light, water and oxygen. The metallized polyester films have superior quality in comparison to the aluminum foil such as low density and heat sealing abilities. These films have low cost in comparison to aluminum foil.
The global metallized polyester films market is predicted to grow at a significant CAGR during 2018-2027. The increasing usage of the metallized polyester films in various food and beverage and packaging industries is anticipated to be the primary reason for the growth of the global metallised polyester films market during the forecast period.
The global metallised polyester films market can be segmented on the basis of material, product, end-use industry and region. On the basis of material, it is sub-segmented into polyethylene terephthalate (PET), aluminum, silver, polypropylene, polyethylene (PE), nylon and others. Aluminum sub-segment is anticipated to lead the material segment during the forecast period. Aluminum is primary used in large quantity for coating of the metallised polyester films. On the basis of product, it is sub-segmented into lidding film, pouches & sachets, bags, wrapping films and blister packs. Wrapping films is anticipated to be the largest sub-segment for the product segment. The packaging industry and pharmaceutical industry primarily uses metallised polyester films for the wrapping of the medicines and foods product. The increasing use of the polyester films by the packaging industry and pharmaceutical industry is anticipated to be the major factor for the wrapping films sub-segment to lead the product segment. On the basis of end-use industry, it is sub-segmented into cosmetics & personal care, food and beverages, pharmaceutical, consumer goods and others. Food and beverages sub-segment is anticipated to be the fastest growing sub-segment for the end-user industry. The metallised polyester films offer cost-effective packaging solution in the food and beverage industry. Thus, high demand for the metallised films from the food and beverages industry is anticipated to be the primary reason for the healthy growth of the food and beverage industry. By region global metallized polyester films market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Europe is anticipated to hold the largest market share for the global metallized polyester films market during the forecast period. The various factors such as lightweight, easy to handle and rising hygiene standards in the region is anticipated to be the primary reason for the region to lead the global metallised polyester films market. Asia-Pacific region is anticipated to be the fastest developing region for the global metallised polyester films market. The expansion of the various end-use industries in the region such as pharmaceutical ,cosmetics & personal care, food and beverages and coupled with the rising disposable income is expected to upsurge the demand for the metallised polyester films globally.CLICK TO DOWNLOAD FREE SAMPLE
Our in-depth analysis segmented the global metallized polyester films market in the following segments:
Global metallized polyester films market is further classified on the basis of region as follows:
The increasing demand for the metallized polyester films from the various end-user industries is anticipated to be the primary growth driver for the global metallised polyester films market during the forecast period. Additionally, the wide application of the metallized polyester films such as wrapping films, labeling films and blister packs is expected to fuel the market growth of the metallised polyester films worldwide. Additionally, the rising demand for the flexible packaging solution is increasing the demand for the metallised polyester films. The various properties of the metallised films such as reduced cost, high tensile strength is driving the metallized polyester films market
However, unacceptability of the aluminum in different countries of Europe is the major challenge for the global metallized polyester films market.