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In its recently published study, Metallized Paper Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029, Future Market Insights provides critical information on the metallized paper market. The global metallized paper market is expected to grow at a CAGR of 4% during the assessment period, owing to a number of factors about which FMI has detailed information and projections. By the end of 2029, the worldwide metallized paper market is predicted to grow 1.5 times in terms of volume.
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Premium Brewing and Beverage Industry Advancement
Metallic paper gives packaging products a beautiful and protected appearance. Food, beverages, personal care, home care, chemicals, and banking are just a few of the applications. Labeling is one of the most common uses of metallized paper. Premium liquor and perfume packaging and labelling are becoming increasingly popular around the world. Premium spirits are forecast to rise at a steady rate, with revenues expected to increase by one-fourth to US$ 2.1 billion by 2022.
Metallized paper could be an alternative to plastic-based packaging especially in labelling which is essential for branding of any product. Several stringent rules set by the regulatory bodies to slow down the usage of plastic in packaging will continue to fuel the growth of the metallized paper market. This move has also pushed the manufactures of packaging materials to increase their units’ capacity for the production of metallized paper at all the major regions of the world.
Metallized paper is increasing in demand, due to its usage as a gift wrapping paper especially in developed countries of Europe and North America. The growth of metallized paper might be stunted to some extent, due to issues in its recyclability. Metallized paper is strenuous to recycle as it has multiple layer papers that are coated with two or more materials – representing a potential threat for the manufacturers.
Opportunities Abound in Asia Pacific
Geographically, Asia holds nearly two-fifth of the world’s metallized paper market and is expected to uphold the market growth, especially in East Asia. China and India are the major markets for metallized paper, and are expected to gain y-o-y growth in upcoming years. The demand for labelling followed by wraps/overwraps are expected to grow at a higher rate in the South Asia, thereby fuelling the market growth. However, adoption of metallized paper in food and beverages industry is anticipated to grow at a sluggish pace with lack of innovation in the sector.
Strategic Move to Enhance the Production Efficiency
Leading manufacturers of metallized paper products are focusing more on research & development to win in the innovation game of developing speciality papers. A number of products offered by the key players are trademarked, registered, and are easily available at the global market. Companies have increased up to 60% of its production capacity, especially Verso Corporation, Avery Dennison, Fort Dearborn, and UPM Raflatac. Further, Nissha co. Ltd. has expanded its business operations based on industries, solutions, and product list, which helped the company to build diversified portfolio to increase overall revenue and market presence. Sysco Industries Limited is equipped with latest and technically advanced machinery to meet the efficiency in production of metallized paper, while Ulfex Ltd. has huge manufacturing capacity built up at strategic locations around the world.
Vacmet India Ltd, Pg Paper Company Ltd., Uflex, UPM-Kymmene Oyj, Glatfelter, Lecta SA Polyplex Corp. Ltd are some organized manufacturers of metallized paper. There are many regional companies who are expected to add their contribution to the global metallized paper market during the period of 2019-2029.
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-8016
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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