The global metallic films market research report by Technavio predicts the market to post a CAGR of over 6% during the period 2018-2022.
One of the key metallic films market drivers is the increase in demand from end-user industries. The chemical, food and beverages, construction, electronics, automotive, and pharmaceutical industries are some of the major end-users of metallic films. In 2017, the chemical, food and beverages, pharmaceutical, and automotive industries accounted for over 70% of the global metallic films market share. There have also been increasing investments in metallic films for chemical packaging.
This global metallic films market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increasing use of stand-up pouches will be one of the key metallic films market trends:
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Global metallic films market: Increasing use of stand-up pouches
There is intense competition among vendors in the packaging market. Therefore, the vendors are offering innovative packaging, which is visually appealing to the consumers. They also ensure that the packaging is beneficial to buyers in terms of supply chain management. The rise in innovative packaging has led to an increase in the use of stand-up pouches as they are lighter when compared with glass bottles.
Stand-up pouches are replacing canned products owing to several factors such as the difficulty in opening metal food cans. Therefore, consumers prefer stand-up pouches that are also accompanied by zippers to open and reclose the pouches. Additionally, the stand-up pouches are designed in different shapes and printed with high-quality graphics, says a senior analyst at Technavio for research on packaging.
Global metallic films market: Segmentation analysis
This metallic films market analysis report segments the market by product (PP and PET), by application (packaging, decoration, insulation, electronics, and equipment), and geography (the Americas, APAC, and EMEA).
The PP segment held the largest metallic films market share in 2017, accounting for nearly 45% of the market. This product segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with more than 42% of the market share, followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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