Metallized film is a polymer film that has a thin layer of aluminum wire as an outer coating. These metallized films provide a glossy finish and are highly popular across food and beverages and pharmaceutical industries because of its inexpensive packaging solution. Also, these metallized films are used for different activities such as labeling, non-peeling lidding, and wrapping. These films help in cutting down the cost and weight of material packaging. The manufacturing process of such films involves metallization of aluminum with the help of vapor deposition. There are other metals such as chromium and nickel that are also used for manufacturing metallized films. They are generally heated and evaporated more than aluminum inside a vacuum to form the signature thin layered coating.
The competitive landscape of the global metallized film market is moderately fragmented due to the presence of several prominent players. The companies in the market are now concentrating more on product innovation and development to attract more customers. For instance, in 2018, US-based company Flex Films Inc. invented a new product called FLEXMETPROTECT™ F-HMB film. This is a metallized film with high barrier capacity. This film offers high-quality adhesion to metals under very harsh conditions.
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Some key driving factors for the growth of the global metallized film market are mentioned below:
- The booming packaging industry is one big reason that is influencing positive growth of the global metallized film market. Due to the exponential growth of e-commerce websites and platforms, the packaging industry has been on a constant rise. Metallized films are generally used for lamination of other packaging films or paper. Thus, the growth of the packaging sector has propelled the growth of metallized film market.
- Another important factor that is driving the growth of the global metallized film market is the increasing demand from the food and beverages industry. These films are used in packaging of a wide range of food products. Use of metallized film also helps in making the packaging of the product more attractive. It is also driving its uptake.
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Some of the key players in the market are Polyplex Corporation Ltd., Toray Industries, Jindal Poly Films, and Flex Films Inc. among others.