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High Demand for Metallized Films Across Electronics Sector to Push Sales Past US$ 3.72 Bn by 2032
The latest study published by Fact.MR provides in-depth insights into the global metallized films market for the forecast period 2022 to 2032. The report further elucidates vital dynamics such as opportunities, challenges and drivers expected to influence sales in the market. The study also uncovers insights into segments such as metal, type, and end use across 6 regions.
NEW YORK , June 21, 2022 /PRNewswire/ -- The global metallized film sales are currently valued at around US$ 2.44 Bn . Demand for metallized films is estimated to increase at a CAGR of 4.3%, reaching US$ 3.72 Bn by 2032.
Due to favorable functional properties such as high protection, durability and cost-effectives, manufactures in the packaging sector are preferring metallized films. According to Fact.MR, the global consumption of metallized films stood at around US$ 2.10 Bn in 2017, and reached US$ 2.37 Bn in 2021.
However, the global metallized films market is expected to increase from a valuation of US$ 2.44 Bn in 2022 to US$3.72 Bn by 2032. Surging demand for metallized BOPP film in electronics, food packaging, and insulation applications is driving the market.
Another factor steering the sales in the market include rising adoption of metallized BOPP films for packaging electronics and electrical products.
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According to the India Brand Equity Foundation, India's fast-moving consumer goods market is predicted to reach US$ 220 Bn by 2025, up from US$ 110 Bn in 2020. Several FMCG products are low-cost and necessitate low-cost packaging solutions.
In this sector, widespread consumption of metallized films is being observed for the packaging of daily consumer goods. As a result, rising investment in this sector will propel sales of metallized films.
Increasing usage of metallized films in daily product packaging as well as technological advancements in developing nations across Asia Pacific is expected to boost sales of metallized films in the Asia Pacific Market. In 2022, Asia Pacific is likely to hold 27.2% of the global market share.
In terms of demand, Europe is the third-largest metallized films market. Expansion in the personal care products and electronics sectors in countries across Europe will place it as an attractive market over the assessment period.
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Key metallized polypropylene film manufacturers are focusing on offering lightweight and longer-lasting metallized films. They are also concentrating on expansion, development of new products, mergers and acquisitions, and collaboration. For instance:
Key Companies Profiled by Fact.MR
More Valuable Insights on Metallized Films Market
In the latest study, Fact.MR offers a detailed study on metallized films market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of metallized films through detailed segmentation as follows:
Metallized Films Market by Metal:
Metallized Films Market by Type:
Metallized Films Market by End Use:
Metallized Films Market by Region:
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Key Questions Covered in the Metallized Films Report
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