The market for metallized PET cartons is anticipated to expand steadily, with global revenues rising 2.7% from the previous year in 2021. According to a recent prediction by FMI, the market for metallized PET cartons will more than double between 2021 and 2031, reaching almost US$ 276.8 Mn at a 4.7% compound annual growth rate (CAGR) throughout that period.
According to recently published data from Future Market Insights (FMI), the total global consumption of metallized PET cartons is expected to reach 944 thousand tonnes in 2021, a rise of 2.6% year over year (YoY).
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.
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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.
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.
Key Companies Profiled
- Sierra Coating Technologies LLC
- Pragati Graphics Pvt. Ltd.
- Rich Offset Pvt Ltd.
- Temple Packaging Pvt Ltd.
- P.R Packagings Ltd.
- Globe Print n Pack
- Noble Printing Press
- Grand Prints Pvt Ltd
- Parth Offset
- Rajhans Enterprises
- Miracle Group India Pvt. Ltd.
- Pratiroop Mudran
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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
Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
- Market Overview
2.1. Market Coverage
2.2. Market Definition
- Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends