Global Metallized Film Market to be dominated by utilization of metallized film in pharmaceuticals industry through 2028.
Initiatives taken by government to
support the production of metallized films are the major drivers for the Global
Metallized Film Market.
According
to TechSci Research report, “Metallized film Market –Global Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global
Metallized Film Market is anticipated to register a high CAGR during the
forecast period. This can be ascribed to collaborations and partnerships among
leading companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
Metallized films, created by depositing a thin
layer of metal onto a polymer substrate, possess a range of attributes that
make them highly valuable to the pharmaceutical industry. One of their key
advantages is the exceptional barrier properties they offer. The metallic layer
acts as a barrier against moisture, oxygen, light, and other environmental
factors that can degrade the quality and efficacy of pharmaceutical products.
This property is crucial for maintaining the stability and shelf life of
sensitive drugs. Pharmaceuticals often require protection from external
elements to preserve their potency and safety. Metallized films help extend the
shelf life of drugs by preventing the ingress of moisture and oxygen, thus
reducing the risks of degradation and contamination. Additionally, metallized
films provide excellent ultraviolet (UV) protection, shielding drugs from
harmful radiation. This is particularly important for light-sensitive
medications that can degrade when exposed to UV light. Metallized films are
compatible with various printing and labeling techniques, allowing
pharmaceutical companies to convey essential information and branding details
while upholding the integrity and aesthetics of the product. Furthermore, the
flexibility of metallized films makes them adaptable to various packaging
formats, including blister packs, sachets, pouches, and more. Their
compatibility with different sealing methods also facilitates efficient
packaging operations. In the pharmaceutical industry, cold forming foils made
from metallized films are utilized to produce high-barrier blister packs,
ensuring the stability and efficacy of medications by protecting them from
external influences.
As regulations become increasingly stringent
regarding the quality, safety, and traceability of pharmaceutical products, the
use of high-quality packaging materials like metallized films has become
imperative. The global metallized film market has experienced significant
growth in recent years, which can be attributed to government initiatives
worldwide to promote its production and utilization. In order to foster the
growth of the metallized film industry, governments provide subsidies and
incentives to manufacturers and producers. These incentives may include tax
incentives, reduced tariffs on raw materials, and financial support for the
establishment of new production facilities. Governments also facilitate
technology transfer from developed nations to emerging economies to facilitate
the establishment of advanced metallized film manufacturing facilities.
Furthermore, skill development programs ensure the availability of a highly
skilled workforce capable of producing metallized films of exceptional quality.
Collaborations and partnerships within the metallized film industry have paved
the way for groundbreaking innovations. Companies across diverse sectors, from
material sciences to packaging, have united to develop films that meet the
evolving demands of consumers and industries. Through these strategic
alliances, new manufacturing techniques, novel materials, and advanced coatings
have been developed, resulting in metallized films that offer improved
performance, reduced environmental impact, and enhanced functionalities. For
instance, collaborations between metallized film manufacturers and technology
companies have led to the development of films with integrated smart features.
These films exhibit remarkable capabilities such as color change in response to
temperature fluctuations and interactive QR codes for enhanced consumer
engagement.
Noteworthy among recent collaborations is the
partnership between Avery Dennison and the Association of Plastic Recyclers
(APR). Avery Dennison's metallized films with AD Clean Flake technology have
earned recognition from APR for their recyclability in HDPE and PET recycling.
Additionally, Idvac and IQ Structures have joined forces to achieve holographic
embossing on white metallized films, showcasing the innovative applications of
metallized films in creating visually appealing and unique packaging solutions.
However, lack in availability and high cost of raw
materials are expected to slow down the growth of the market in the coming
years.
Browse
over XX market data Figures and spread through 170 Pages and an in-depth TOC
on "Global Metallized Film Market.”
The Global Metallized Film Market segmentation is
based on Metal, Material, End-Use Industry, By Company, and Region.
Some
of the major companies operating in the Global
Metallized Film Market include:-
- FlexFilms
Ltd.
- DUNMORE
Corporation
- Vibac
Group S.p.a.
- Chiripal
Poly Film Limited
- Jindal
Poly Films Limited
- Cosmo
Films, Inc.
- Toray
Plastics (America), Inc.
- Celplast
Metallized Products
- Uflex
Ltd.
- SRF
Limited
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“Certain regions, particularly the Asia
Pacific, are projected to exert significant demand for metallized film worldwide.
The growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhancing their metallized film productivity
each year, are expected to contribute to a remarkable growth of the Global
Metallized Film Market in the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
Global Metallized Film Market By Metal (Aluminium and Others), By Material (Polypropylene
(PP), Polyethylene Terephthalate (PET), and Others), By End-Use Industry
(Packaging, Decorative and Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F has
evaluated the future growth potential of Global Metallized Film Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Metallized Film Market.
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