By 2023, the metallized PET cartons market is anticipated to generate global revenues of US$185.1 million. According to a recent FMI forecast, the market for metallized PET cartons will almost double between 2023 and 2033, reaching roughly US$ 288.1 million in 2033 at a 4.5% compound annual growth rate (CAGR) throughout that period.
Juices, dairy products, and other beverages are some of the products that are packaged in metallized PET (polyethylene terephthalate) cartons. These cartons are constructed from several layers of materials, including a PET layer that has been metallized to give the carton barrier qualities.
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Due to rising consumer demand for environmentally friendly and sustainable packaging options, the market for metallized PET cartons is expanding globally. Metallic PET boxes provide a number of benefits, such as being portable, lightweight, and recyclable. They are the perfect packaging option for businesses trying to lessen their carbon footprint and provide clients with sustainable packaging because of these characteristics.
In addition to being environmentally friendly, metallized PET cartons also provide a number of useful advantages, like superior barrier qualities that shield the goods within from outside influences like light and oxygen. They are a flexible packaging option for many products due to their versatility, cost-effectiveness, and ability to be created in a range of sizes and forms.
In the upcoming years, the demand for metallized PET cartons is anticipated to rise as more businesses attempt to use sustainable and eco-friendly packaging solutions. The expansion of the food and beverage industry, particularly in developing nations, is also anticipated to drive the market. The high cost of raw materials and manufacturing procedures, however, can impede market expansion.
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Because it has a better tensile strength than aluminium coating, metallic PET is replacing it on cartons. The packaging doesn’t wrinkle because of the composite material created by the vaporisation of the metal, unlike cartons constructed of aluminium coating, which keep flexible stiffness. This would make the packaging appear more professional.
The metallized PET cartons’ incredibly thin metal coating alters their electrical conductivity, making it possible to utilise them as food packaging. Due to their low water content and ability to absorb energy and produce heat, food items including frozen foods, curry, noodles, and many others are ready to be heated in an oven.
Leading participants in the packaging sector now consider sustainability to be essential and important. Manufacturers are placing an emphasis on barrier packaging of the highest calibre, which is anticipated to boost sales of metallized PET cartons.
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Key Takeaways from Metallized PET Cartons Market
- The demand for polyethylene terephthalate (PET) in the packaging industry has increased exponentially in past few years. This segment is expected to create incremental opportunity of US$ 53.2 Mn over the next decade.
- Metallized PET cartons that are printed is gaining significant traction among end users. This segment is forecasted to increase by 394 bps of current market share and reach up to 63.5% in 2031.
- Increasing pharmaceutical packaging have increased the demand in the packaging industry. This segment is forecasted to expand 1.7 times the current market shares during the forecasted period.
- Across the globe, consumption of Metallized PET Cartons is expected to remain high in the Asia Pacific countries and the European countries, due to the presence of key players of the market and also the availability of technological advancement owing to innovative packaging.
Metallized PET Cartons Market Landscape
As per Future Market Insights, Faller Packaging, P.R. Packaging, Carton Services, American Carton Company and among others are the prominent players in the global metallized PET cartons market. The tier 3 players in the market hold 70-80% in the global metallized PET cartons market. In conclusion, key players contribute almost 20-30% of the global demand.
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)
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