Metallized PET Cartons Market

Key Points Covered in Metallized PET Cartons Market

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Metallized PET Cartons Market and How to Navigate
• Recommendation on Key Winning Strategies

Download a Comprehensive Report Snapshot

2016-2020 Metallized PET Cartons Market Outlook Compared to 2021-2031 Forecast

The global market value of metallized PET cartons market is expected to increase at a rate of 4.5% in terms of during 2021-2031 in comparison to the 1.8% CAGR registered during 2016-2020. The high demand from diverse industries such as food & beverage, pharmaceuticals, and personal care & cosmetics is expected to drive the metallized PET cartons market.

Increasing usage in the pharmaceutical and food & beverage segments is expected to continue fuelling demand in the market through the assessment period. The metallized coating on PET cartons is generally used for food packaging due to its high barrier properties, light-weight and relatively cheap raw material.

Metallized PET cartons are less brittle and can handle both blunt and sharp impacts a lot better. The glossy appearance of the packaging gives a competitive edge to packaged products, which is a key factor driving the sales of metallized PET cartons during the forecast period.

Will the Demand for Luxury Packaging Favor Growth of Metallized PET Cartons?

Rising demand for luxury and attractive packaging has led to an increase in demand for packaging solutions. Metallized cartons are nothing but polymer-coated films with a thin layer of the metallic film.

They showcase an attractive metallic appearance that gives a premium and aesthetic look to the packaging. Metallized PET cartons have homogeneity of a metallic layer and this coating does not dissolve or fade anytime soon giving it a high clarity.

The manufacturing process of metallized PET printing on the cartons with good abrasion resistance and a thin layer of metal on the film gives a long-lasting look on the packaging.

Metallization impacts the oxygen and the moisture barrier making the film opaque that makes the light reflect and offers a glossy effect. The usage of aluminium foil offers a guaranteed barrier effect, and also provide rigid protection.

How is the Use of Metallized PET Cartons Bringing Significant Changes in Different Verticals?

Metallized PET cartons are replacing regular cartons made of foil or paperboard in various applications such as frozen foods, baked goods, pharmaceutical drugs, cosmetics, soaps, household items and many more.

The biggest advantage of metallized PET carton is that the printing will not fade soon making it a unique packaging, showcasing 3D print effects, strong adhesiveness after lamination, highly resistant to chemicals, and high tensile strength.

Pharmaceutical company’s major concerns are that the content printed on the packaging should not fade away. Metallized PET helps in reducing the risk associated with the fading of important markers. Latest technologies are used to manufacture boxes of any size and shape to suit the product being packed.

Cosmetics and personal care industries require packaging that give an attractive look to the buyer. Consumers tend to buy any new category product based on the look, and quality of the packaging that determines the brand image

Ageing of Metallized PET Cartons Alters Properties of the Material

With solid pure aluminium, it might happen sometimes that superficial oxidation might occur in the metallized PET coating on the carton. The chemical coating protects the layer from further chemical conversion by its protective layer.

But with time, this protective layer might erode leading to a reduction of the optical density which means the packaging might not stay opaque anymore. Manufacturers must be careful during the production process especially in the first 24 hours after the production of metallized PET films to check the quality of the coating.

Irrespective of the thickness of the aluminium coating, the oxide layer that causes the transparency grows to a maximum of 3 to 4 nm. This effect is most likely to happen with thin coatings. It is advised to have an effective, high quality metallized coating on the PET cartons to avoid such circumstances and have long-lasting packaging.

Which Key Trend is affecting the Sales of Metallized PET Cartons Positively?

Sustainability has become a necessity and a key driver for companies in the packaging industry and it is a major area of focus for retailers, manufacturers, consumers, and brand owners. It is not just a trend in the market but an important step to reduce costs and improve the quality of the packaging.

High-quality lamination on metallized PET cartons provides oxygen and a barrier against moisture. The sealant layer is optional depending on the product to be packed. This metallized sealant allows brand owners to improve their carbon footprint by reducing material and energy usage while manufacturing.

According to PET Resin Association, PET is the most recyclable plastic used in the United States and worldwide, that can be safely used as containers for even food & beverages and cosmetics & personal care or even used in various other high-end sectors like automotive, construction materials.

Manufacturers are moving towards high-quality barrier packaging which is boosting the sales of metallized PET cartons. As the market becomes more fragmented with the increase in the number of more on-the-store-shelves food items.

Due to this food manufacturer are inclined towards a healthier, all-natural food with less added preservatives which directly impacts the barrier requirements in packaging.

What is the Impact of COVID-19 on the Metallized PET Cartons Market?

The onset of the Covid-19 pandemic brought a serious shock to many industries due to the lockdown imposed by the government across the globe which in turn closed portions of the economy.

Closing the manufacturing plant, disruption in the supply-chain caused a lot of problems for other sectors as there is no balance with the demand and supply. Many manufacturers had to re-evaluate their current business strategies.

Metallized PET cartons which were posed as luxury packaging due to their glossy appearance is now also highly used in the pharmaceutical and food & beverage sectors that come under the category of the essential item. These factors anticipate a growing demand for metallized PET cartons during the assessment period.

Country-wise Insights

How is the Metallized PET Cartons Market Set to Fare in the U.S.?

According to FMI research, the U.S. market is forecasted to increase at a growth rate of 7.1% in the year 2021-2031 and is estimated to hold a market share of 66.2% in 2021 in the North American region.

The country is projected to grow rapidly owing to the growth of several industries such as healthcare, food & beverage, personal care and many others. Manufacturers put a lot of effort into the packaging to ensure safety and to create an attractive appearance.

According to the Organization for Economic Co-operation and Development (OECD), the U.S. was globally the country with the highest per capita healthcare spending totalling US$ 10,966 in the year 2019.

The U.S. being one of the wealthy countries tends to spend more per person on health care packaging and medicines more than any other country. These factors anticipate healthy growth in the demand for metallized PET cartons, especially withinpharmaceutical industry in the next few years.

Why are Key Players Eyeing India’s Metallized PET Cartons Market?

Metallized PET cartons are frequently used for packaging in various industries such as food & beverage, personal care, and household items as it completely meets the packaging standards.

Leading industries in India have witnessed stable market growth in the recent past and have projected promising market growth in the upcoming years. Thus, the consumption of metallized PET cartons in India is expected to increase at a promising incremental growth of US$ 11.2 Million, during the assessment years.

How is the Evolving Manufacturing Industry Aiding Sales in China?

China has seen a vast transformation in the recent decades due to economic growth, specifically in the manufacturing sector. China market is estimated to hold a market share of 48.8% in East Asia and is estimated to have a year-on-year growth of 8.1% in 2021.

According to the World Bank national accounts data, China has a manufacturing output of 3,853.8 Bn in 2020 which was estimated as a 0.79% increase from 2019. The manufacturing industry characterized the most use of the packaging as it accounts for 26% of the overall GDP of China.

The low cost of production in these regions has pushed manufacturers from leading countries across the globe to expand their manufacturing facilities to China, which is projected to facilitate growth in trade volume in these regions.

Aforementioned factors are likely to offer lucrative opportunities to metallized PET cartons manufacturers to strengthen their manufacturing footprints and market position in the East Asia countries.

Category-wise Insights

Which are the Top Selling Metallized PET Cartons Material Type?

Material type polyethylene terephthalate’s revenue totaled US$ 99.6 million in 2021 with a market share of 56.7% in 2021. While paperboard segment is forecasted to expand 1.9 times than its current market size by the year 2031.

As per the FMI analysis, the use of polyethylene terephthalate is growing at a significantly higher rate than other aluminum and paperboard used in the manufacturing process of metallized PET cartons. Since the consumers and manufacturers started focusing on the environmental hazards due to the extensive use of plastic, packaging manufacturers developed various solutions for plastic packaging that involves more frequency of reuse and recycling.

Which Finishing Type is Commonly Preferred in a Metallized PET Cartons?

By finishing, metallized PET cartons that are printed holds a dominant share of 59.6% in 2021 across the globe. These cartons are primarily utilized for shipping and storing products across various end users. On the other hand, non-printed metallized PET cartons are estimated to create an incremental opportunity of US$ 31.3 Mn by the next decade.

Will the Demand in Food & Beverage Industry Increase During COVID-19 Pandemic?

Food & Beverage segment in the metallized PET cartons market is anticipated to grow a robust 5.4% CAGR over the forecasted year 2031.

According to FCC Food & Beverage report, the manufacturing and sales of food & beverage has increased 3.5% year-on-year in 2020 from US$ 118.7 Bn to US$ 122.9 Bn. The share of the overall food and beverage manufacturing sector grew by 0.1% to 1.8% compared to other industries such as transportation, textile and many others.

The Canadian federal and provincial have identified food processing as a key contributor to the economic recovery during the pandemic. These factors have majorly contributed to the growth of the packaging industry.

The food & Beverage segment is forecasted to witness a gain of 240 bps of current value share, and expand 1.8 times its current market value, by 2031 year end.

Competitive Landscape

Companies operating in Metallized PET Cartons market are aiming at strategic collaborations and strategic partnerships with other manufacturers to expand their product portfolio.

• In 2020, Printex transparent packaging company has developed a PET carton that is 100% made from recycled plastic and made into folding PET cartons that are metallized at the request of the customer.
• In 2020, Pratiroop Mudran Company manufactures metallized PET cartons that are combined with effects like embossing and spot UV that creates magic for the brand. These innovative printing effects take cosmetic & personal care packaging to the next level.

Scope of the Report

Metallized PET Cartons Market by Category

By Material Type:

• Polyethylene Terephthalate (PET)
• Aluminum
• Paperboard

By Finishing:

• Printed
• Non-printed

By End Use:

• Food & Beverage
  • Milk
  • Yoghurt & Buttermilk
  • Fruit Juice
  • Carbonated Soft Drinks
  • Alcoholic Beverages
  • Others
• Pharmaceutical
• Personal care & Cosmetics
• Other End Use

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)