Metallized Folding Cartons market was valued ~US$ 1.3 Bn in 2020, and is expected to grow at a CAGR of ~10% during the forecast period 2021-2031. Metallized folding carton offers various benefits, including excellent printability, rigidity, and flexibility, due to these, end-use industries majorly incorporate metallized folding cartons for the packaging of small and medium-sized food & beverage products and consumer goods.
Metallized folding cartons are highly preferred for food packaging especially to avoid the risk of contamination, while preserving the nutritional properties of food inside.
What is Driving Demand for Metallized Folding Cartons?
The driving force behind the growth of the metallized folding cartons is the inclination of diverse end-users toward systematic and sophisticated packaging. The increase in the use of metallized folding cartons across the food and beverage industry due to increased demand during the lockdown period is helping to gain noteworthy growth opportunities.
Moreover, instant foods are popular among the generation Z and millennial category. Hence, the rise in the production of instant foods is directly proportional to the growth of the metallized folding cartons sales.
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Food & Beverages Industry is Expected to Contribute Largest Share
Food & beverage emerged as the largest end-use segment in 2020, and is expected to continue its dominance through 2031. The steady expansion of the packaged food market attributed to the segment's largest share in 2020.
Increasing working women population and a busy lifestyle have been leading the rise in the consumption of ready to eat food products, which in turn expected to further expand the size of the food & beverage segment in the coming years. Rising disposable income coupled with changing consumer lifestyles across the world, has resulted in increased consumption of convenient food products such as packaged food.
Furthermore, the awareness regarding unhygienic conditions of packaging facilities and uncertainties of contamination headed to an increase in the packaging of food and beverage in metallized folding cartons. Increased demand for convenience foods from consumers around the globe, and organized retailing, has resulted in higher demand for metallized folding cartons.
Hence, food vendors are under pressure to offer products with a longer shelf life and attractive packaging to gain customer attention paving way for strong growth of metallized folding cartons in the near future.
East Asia Metallized Folding Cartons Sales Viewpoint
East Asia is projected to emerge as a highly lucrative metallized folding cartons industry. The growth of the region is attributable to its booming economy coupled with rising spending on packaged food and beverages items. Busy lifestyles and favorable demographics will result in the rapid growth of the consumer base in the region.
Increasing disposable income, availability of a wide range of alcoholic and non-alcoholic beverages, and the impact of western culture are anticipated to directly affect the demand for metallized folding cartons. Furthermore, consistently expanding construction and chemical sectors in the region are expected to fuel the demand.
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Europe Demand Outlook for Metallized Folding Cartons
Europe is estimated to create high growth avenues for metallized folding cartons industry. The growth of the region is owing to the high production and sales of intermediate bulks containers. The presence of key players in Europe coupled with their continuous efforts to produce more recyclable containers is boosting opportunities for metallized folding cartons. Moreover, the food and beverage industry of the region is tightly holding the demand for metallized folding cartons in Europe.
Additionally, e-commerce companies majorly prefer metallized folding carton for delivering products to consumers due to its rigidity and sustainability. The growing penetration of organized retail chains in countries such as U.K., Germany, and France has also been fueling the demand for packaged food products, which in turn benefits the sales. Therefore, expediting e-commerce market in Europe is further anticipated to augment growth over the coming years.
Who are the Key Metallized Folding Cartons Manufacturers?
Some of the leading providers of Metallized Folding Cartons include
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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