Packaging Laminates Market

2020 Analysis and Review: Packaging Laminates Market by Application – Aseptic Packaging and Non-aseptic Packaging for 2020 - 2030

Introduction

Laminated packaging market are high quality packaging solutions that possess uniformity, high puncture resistance; robust sealing strength and enhanced barrier properties. They are predominantly used across the food, pharmaceuticals, cosmetics and personal care industries to store, pack and ship a wide range of products.

Due to their convenience, packaging laminates have revolutionized the way goods are preserved. The enhancement of shelf lives of food items and other perishable commodities is the primary driver behind this increased uptake.

According to Future Market Insights, the global packaging laminates market outlook remains largely positive, slated to expand 1.6x in value terms throughout the 2020-2030 forecast period. A market value worth US$ 8.9 Bn is predicted for the year 2030.

Rising Adoption of Flexible Packaging Solutions

Over the years, various industries have been tilting towards more flexible packaging laminates solutions. While conventional materials such as glass and metal possess high barrier properties, they are vulnerable to breakage and corrosion. Therefore, manufacturers are adopting lightweight and durable materials such as paper and aluminum.

With increasing research and development (R&D) activities, vendors have successfully introduced packaging solutions capable of enhancing the shelf-life of products and offer convenient user experience. Key industries such as pharmaceuticals, food and cosmetics have been increasingly adopting lightweight packaging solutions, thereby heightening growth prospects for the future.

Expansion of Retail Sector

A significant increase in the number of modern retail formats such as convenience stores, supermarkets, hypermarkets and specialty stores has been recorded in the past few years. Changing lifestyles combined with increasing per capita disposable incomes of consumers have boosted retail sector growth especially across Asia and the Middle East.

These regions are also witnessing large-scale urbanization, meaning that consumers now have high income jobs. This allows them to afford ready-to-eat packaged foods, cosmetics and pharmaceutical products, thus accelerating usage of flexible packaging solutions and eventually of packaging laminates.

Printing on Packaging Laminates Gaining Momentum

Leading food, pharmaceutical and cosmetic companies are opting for value-added products such as packaging laminates to elevate their brand value and attract end consumers. With added convenience features such as excellent puncture resistance and high barrier properties, packaging laminates offer several benefits to companies.

Printing on packaging laminates solutions as an effective technique helps brand owners differentiate their products from competitive products already available in the market. It also improves aesthetics, provides required information about the food and pharmaceuticals products, thus attracting attention of consumers towards the product.

For instance, Wipak LTD, a leading manufacturer of flexible packaging solutions has designed paper laminated spouted pouch with inkjet digital printing option for product branding.   

Recycling and Disposal Issue Hindering Growth

The environmental impact of polymers significantly hinders growth of the packaging laminates market. Over the years, demand has shifted to multilayered packaging due to desired functionality, thickness, and increasing application. Packaging laminates offer multilayer metallized and non-metallized packaging structures for precise and secure packaging.

However, recycling these multilayer packaging laminates becomes challenging in terms of segregation and recovery of material. The process of recycling and disposal of such multilayer packaging laminates solution is quite complicated, wherein, sometimes cost of recycling of such packaging solutions is much higher than manufacturing new ones.

Furthermore, poor technological advancements in terms of material recovery restricts the overall scope of the recycling processes. Ban on plastics in across the globe restricts disposing activities of packaging laminates manufacturers. All these factors are hindering the packaging laminates market growth to a certain extent.

Regional Overview

North America Packaging Laminates Market

The North American packaging laminates market is slated to offer an incremental opportunity worth nearly US$ 541 Mn in the upcoming forecast period. A value CAGR of 3.8% is projected for the region. Maximum uptake is scheduled to occur in the food industry, capturing over 50% of the market share.

While there is no coherent legislation regarding packaging, the U.S FDA has established certain mandatory standards to ensure quality packaging of foodstuffs and enhance safety. The Office of Food Additive Safety and the Center for Food Safety and Applied Nutrition (CFSAN) are entrusted with this task.

Also, the Environmental Protection Agency (EPA) requires that antimicrobial technology be built into plastic and textiles used in laminates in food packaging to prevent bacterial and fungal growth. Also, it is the FDA’s responsibility to ensure no packaging materials contaminate food.

Owing to these regulatory provisions, manufacturers are scaling up their production capacities to introduce innovative and sustainable packaging solutions across prominent end-use industries. Maximum players are situated across the United States.

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Europe Packaging Laminates Market

The European packaging laminates market is likely to account for a quarter of the revenue share until 2030. The region is slated to expand at a value CAGR of 4.8%. Non-aseptic packaging shall enjoy the lion’s share, valued at over half of the total revenue. Germany is the most lucrative European market.

Recent amendments to EU packaging regulations to incorporate environmental sustainability has prompted manufacturers to introduce novel solutions. To harmonize national packaging waste management, the Directive 94/62/EC was adopted in 1994.

The directive encompasses all packaging waste related to industrial, office, commercial, service, household of any other level, irrespective of the material used. By 2024, the EU aims to establish clear-cut producer responsibility schemes to identify the most appropriate waste management alternatives.

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East Asia Packaging Laminates Market

The East Asian packaging laminates market is projected to capture nearly 1/5th of the total revenue share, expanding at a CAGR of 5.7% throughout the forecast period. China is anticipated to enjoy maximum revenue, attributed to rapid industrial development.

The pharmaceutical industry is slated to offer an incremental opportunity of ~US$ 218 Mn, expanding 1.7x throughout the forecast period. This is because of a rapidly expanding geriatric population who require numerous life-saving drugs to prolong lifespans.

Additionally, a transition towards lightweight packaging materials to reduce overall costs and increase flexibility is driving adoption of packaging laminates across key industrial verticals. Furthermore, accelerating demand for healthcare products such as supplements is also boosting growth prospects.

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Category-wise Insights

Metalized PP Films Emerge Dominant

Metallized polypropylene (PP) laminated packaging films shall constitute over 35% of the revenue share, registering a positive value CAGR of 5.1% across the forecast period. Within the segment, metallized BOPP is likely to be the most extensively used. Improved performance in terms of oxygen, water and aroma barrier protection are key drivers.

Trailing behind is the paper & laminated paperboard packaging segment, expected to grow 1.7x at a noteworthy CAGR of 5.4%. Paper packaged products are easy to stack and store, providing effective visibility to customers. It is also more space efficient and easy to recycle, leading to increasing uptake across key end-use industries.  

30-45 microns Hold Lead

By thickness, the 30-45 microns segments is expected to capture a hefty share, amounting to over 2/5th of the global market. It is projected to reach ~US$ 4.0 Bn by 2030. This is the ideal size used for packaging several items, particularly perishable foodstuffs.

Up to 30 microns thick packaging materials are likely to exhibit a y-o-y peak worth 5.3% in the first half of the upcoming decade, capturing nearly 30% of the market share by 2030 and reaching a value worth US$ 2.6 Bn.

Aseptic Packaging Remain Sought-after

Aseptic packaging is anticipated to take the cake in terms of application in the packaging laminates market. Demand for aseptic packaging is rising due to enhanced shelf stability at ambient temperatures, elimination of preservatives, lighter weight, environmental friendliness and shorter & gentler processing which enhances quality.

According to FMI’s projections, aseptic packaging is slated to register a value CAGR worth 5.1%, capturing nearly 50% of the packaging laminates market share by 2030-end. A valuation of US$ 4.3 Bn is predicted for the segment by the end of the 2020-2030 forecast period.

Food Industry Exhibiting High Demand

Maximum application of packaging laminates is poised to reach its zenith across the food industry. A market share exceeding 50% has been predicted by 2030. Amongst all sub-segments, the ready-to-eat foods category will witness the maximum adoption, owing to increasing demand for instant foods from all regions.

Pharmaceuticals is poised to emerge the 2nd largest application area, attributed to the rising need to manufacture life-saving drugs with enhanced shelf lives. The segment is expected to grow almost twofold until 2030.

COVID-19’s Impact on Packaging Laminates Market

The COVID-19 pandemic has generated major shortfalls across the packaging industry, attributed to falling production activities across key industries. Consequently, a supply chain disruption has prevailed, with output levels not reconciling with demand. This has hampered the packaging laminates market growth to a significant extent.

While there is a general slowdown in market growth, there are certain pockets that are witnessing a spike in demand. These include healthcare consumables, homecare products, fresh & processed food and hygiene products. Consumers are purchasing these products through e-commerce channels, thus sustaining growth.

Due to this, manufacturers are scaling up production to make the most out of this heightening demand. Top manufacturers are capitalizing on this latent opportunity by strategically allocating their resources and offset the losses incurred due to demand stagnation of non-essential goods.

Competitive Landscape

Prominent players in the global packaging laminates market include Amcor Plc, WINPAK LTD, Berry Group Global Inc., Scur Flexibles Holding GmbH, Mondi Group Plc, Jindal Poly Films Limited, Uflex Ltd., ProAmpac LLC and Coveris Holdings S.A. Collectively, they account for a fifth of the total revenue share.

The aforementioned players rely on strengthening local distribution networks and expansion of product portfolio by virtue of offering industry specific packaging solutions. Besides, they also rely on acquisitions and collaborations with rival players.

For instance, Mondi Group Plc is generating substantial revenue by targeting industrial and consumer packaging needs. Its product portfolio includes fibre packaging, packaging paper, consumer packaging and uncoated fine paper. It has also incorporated the idea of sustainable packaging to fulfil its environmental conservation commitments.

Likewise, Berry Group Global Inc. markets industrial tapes & adhesives, flexible packaging, polyethylene-based plastic films, heat-shrinkable solutions and protection solutions. It also provides solutions for food, personal care and cosmetic industries. In July 2019, the company acquired RPC Group plc to expand its plastic packaging portfolio.

Jindal Poly Films Limited, a prominent Indian player, is concentrating on expanding its production capacities by virtue of acquiring and collaborating with local and global players. The company plans to expand its 2nd nonwoven spunmelt fabric line in India by investing approximately US$ 56.4 million.

Other vendors within the landscape are*:

  • Glenroy Inc.
  • Cosmo Films Ltd.
  • AptarGroup Inc.
  • Toray Plastics (America) Ltd.
  • DUNMORE
  • Eurofoil
  • Nippon Paper Group

*This list is only indicative- full list of packaging laminates players is available upon request.

Packaging Laminates Market- Report Scope

Attribute

Details

Forecast Period

2020-2030

Historical Data Available for

2015-2019

Market Analysis

US$ Mn for Value and ‘000 Tons for Volume

Key Regions Covered

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

Key Countries Covered

U.S, Canada, Brazil, Mexico, Germany, Italy, France, U.K, Spain, Russia, Poland, Turkey, South Africa, GCC, Japan, South Korea, China, India, Australia & New Zealand

Key Segments Covered

Material Type, Thickness, Application & End-Use Industry

Key Companies Profiled

  • Amcor Plc.
  • Berry Global Group Inc.
  • Mondi Group Plc.
  • WINPAK LTD
  • ProAmpac LLC
  • Jindal Poly Firms Limited
  • Uflex Ltd.
  • Cosmo Films Ltd.
  • Schur Flexibles Holding GmbH
  • Toray Plastics (America) Inc.
  • Glenroy Inc.
  • CoverisHoldings S.A
  • AptarGroup Inc.
  • DUNMORE
  • Eurofoil

Report Coverage

Market Overview, Market Trends, COVID-19 Impact Analysis, DROT Analysis, Value Analysis, Volume Projections, Segmental Analysis, Regional Profiling, Competitive Landscape

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • What is the scope for packaging laminates market in the upcoming decade?

    The global packaging laminates market is slated to witness steady growth, expanding at a value CAGR of ~5% until 2030. The market shall expand 1.6x in value terms during the upcoming decade, representing a US$ 3.6 Bn incremental opportunity

  • Identify the prominent trends responsible for propelling future growth

    Printing on packaging laminates to enhance brand image as well as design level innovations to meet customized requirements are likely to pervade the packaging industry in the coming future

    However, spike in demand for healthcare consumables, hygiene products and immunity boosting foods have augmented the need for laminated packaging matarial. This is because consumers are relying on e-commerce platforms to avail the aforementioned products

    In order to maintain their competitive edge, these players are offering products according to industry specifications. Additionally, they are strengthening their presence by upgrading their product portfolios and establishing robust supplier and distribution networks

  • Which end-use industry promises to emerge as a sunshine area for packaging laminates?

    By end-use industry, a substantial portion of the market is dominated by the food industry. The food industry is the primary prime consumer of packaging laminates and is expected to create gratifying opportunities for manufacturers in coming years. The segment shall capture over half of the total market share

  • Identify the possible impediment(s) to packaging laminates market expansion.

    Difficulties in recycling and disposal of multilayer packaging solutions due to insufficient technological advancements with respect to material recovery shall restrict the overall scope of the market

  • How the COVID-19 pandemic is likely to impact the packaging laminates market?

    Onset of the COVID-19 pandemic has ushered in a slowdown across the packaging industry. Production crunches have disrupted the supply chain of several industries, leading to a decline in demand for packaging solutions. This has impeded growth of the packaging laminates market.

  • Assess the degree of competition in the global landscape of packaging laminates for the upcoming forecast period.

    The global packaging laminates landscape is dominated by the following prominent manufacturers: Amcor Plc., WINPAK LTD, Berry Group Global Inc., Scur Flexibles Holding GmbH, Mondi Group Plc, Jindal Poly Films Limited, Uflex Ltd., ProAmpac LLC and Coveris Holdings S.A.

Enquiry before Buying

  • Is this research conducted by Future Market Insights?

    Yes, the packaging laminates market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst

  • What research methodology is followed by FMI?

    FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.

  • Who are the respondents for primary research?

    FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

  • Is a sample of this report available for evaluation?

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  • How can I buy this report?

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Packaging Laminates Market- Segmental

Material Type

  • Aluminum Foil
  • Paper & Paperboard
  • Metallized PP
  • Metallized BOPP
  • Metallized OPP
  • Metallized CPP
  • Metallized PET
  • Metallized PA
  • Metallized PE
  • Metallized PVC
  • Others (PVC, EVOH, etc.)

Thickness

  • Up to 30 Microns
  • 30-45 Microns
  • 45-60 Microns
  • Above 60 Microns

Application

  • Aseptic Packaging
  • Non-aseptic Packaging

End-Use Industry

  • Food
  • Salty Snacks
  • Confectionary
  • Tea & Coffee
  • Ready-to-eat Foods
  • Meat, Poultry & Seafood
  • Fruits & Vegetables
  • Others
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Others

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Russia, Poland & Rest of Europe)
  • South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
  • East Asia (China, Japan & South Korea)
  • MEA (GCC, Turkey, Northern Africa, South Africa & Rest of MEA)
  • Oceania (Australia & New Zealand)

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