October 19, 2022 09:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del: , Oct. 19, 2022 (GLOBE NEWSWIRE) -- The global metalized barrier films market stood at US$ 1.97 Bn in the year 2021 and is expected to be worth US$ 3.47 Bn by the end of the year 2032 at a CAGR of 5.3% from 2022 to 2032.
Metalized barrier films are being increasingly used in various end-use verticals like electronics, food & beverages, personal & home care, and pharmaceuticals, especially after stringent regulations being laid down regarding usage of plastics. Also, growing demand for ready-to-eat foodstuff in lieu of busy lifesyles is catalyzing the metalized barrier films market.
The major advantage of metalized barrier films is that they do not undergo any reaction with packaged foods, being chemically inert. As such, the foodstuff could retain the authenticity in terms of taste and flavor. The films render protection against UV rays, moisture, and oxidation.
Metalized barrier films are a vital component of packaging vertical. They act as a good replacement to aluminum foil, do render glossy metallic appearance. Also, they are cost-effective and lightweight.
With microwave cooking doing the rounds, demand pertaining to metalized films is bound to substantiate in the years to come. Plus, ready-to-eat food is being asked for in the pouch form. This is another reason for growth of metalized barrier films market.
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Governments of several countries have laid down strict laws for controlling usage of the metalized barrier films in automotive vertical. It is a known fact that vehicle window glasses having metallic films installed are subject to reductions in VLT (visible light transmission). This factor could compromise with visibility on the roads. These factors could restrain the metalized barrier films market. Future Market Insights has walked through these facts with insights in its latest market study entitled “Metalized Barrier Films Market”.
Key Takeaways from Metalized Barrier Films Market
“Prohibition of plastics is bound to drive the growth of metalized barrier films market in the forecast period”, says an analyst from Future Market Insights.
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What does the Report Cover?
Metalized Barrier Films Market Outlook by Category
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3. Key Trends & Success Factor
3.1. Key Trends Impacting the market
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