Metalized Flexible Packaging Market Poised to Reach $5.8 Billion by 2025, at a CAGR of 5.3%
The global metalized flexible packaging market size is projected to reach USD 5.8 billion by 2025, at a CAGR of 5.3% from 2020 to 2025. Metalized flexible films are polymer film which is coated with a thin layer of metal that is used in the packaging application. Metalized flexible packaging films are used as barrier materials for food & beverage, personal healthcare, and pharmaceutical products. Metalized flexible films provide packaging with a metallic gloss similar to that of standard aluminum foil but at reduced weight and cost. These films can be customized according to the requirements of several end-use industries.
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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. These players have been focusing on developmental strategies, investments & expansions, including capacity addition in existing production facilities, product launches, and mergers & acquisitions which have helped them expand their businesses in untapped and potential markets.
Amcor Limited is a global packaging manufacturer that offers innovative packaging solutions for healthcare and medical devices. It offers plastic, packaging film, metal, and glass packaging for several industries such as beverage, food, medical, household, industrial goods, pharmaceuticals, and tobacco. The company aims to maintain its position in the market through acquisitions, agreements, and partnerships. In the last few years, Amcor Limited has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the packaging market. In June 2019, the company acquired 100% ownership of Bemis Company Inc (Bemis), a US-based manufacturer of flexible packaging products. The acquisition provided the company with a wider geographical presence and greater scale in key regions of North America, Latin America, Asia Pacific, and Europe.
Sealed Air has continuously expanded its global presence over the years through strategic acquisitions and expansions. The company is highly focused on sustainability in its operations and has been recognized for it through several awards. It focuses on extending and maintaining technological leadership, accelerating its penetration in the developing regions, and cash flow generation to enhance its position as a leading player for innovative packaging. The extensive distribution network, geographical presence, and reach to diversified end markets position the company to capitalize the propelling growth opportunities. The widely recognized Cryovac brand, coupled with ongoing R&D programs, enables Sealed Air to maintain its technological leadership. However the company lacks in its product portfolio and adoption of new product development strategies could help the company maintain its position in the market.
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Mondi Group is a leading global integrated packaging and paper group. It is a leading producer of paper and plastic solutions. It operates through the following segments: Corrugated Packaging, Flexible Packaging, Engineered Materials and Uncoated Fine Paper. The company provides metalized flexible packaging under the Flexible Packaging business. Mondi Group focuses on growth strategies to expand its business. For example, to expand its geographical footprint the company expanded its plant in Abidjan (Côte d’Ivoire) with a second line running at full capacity. The company can increase its market by adopting the strategies of expansion or acquisition of established players in the Middle East & Africa as there is an increase in the consumption of flexible packaging in the region due to the increase in growth of the food industry.
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