The metallized PET cartons industry is expected to witness steady growth with worldwide revenues US$ 185.1 million by 2023. A new forecast by FMI estimates that metallized PET cartons revenues will nearly double during 2023 and 2033, reaching nearly US$ 288.1 million in 2033 at a ten-year compound annual growth rate (CAGR) of 4.5%.
Metallized PET (polyethylene terephthalate) cartons are a type of packaging material used for various products such as juices, dairy products, and other beverages. These cartons are made of several layers of materials, including a metallized layer of PET that provides barrier properties to the carton.
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The global metallized PET cartons market is growing due to the increasing demand for sustainable and eco-friendly packaging solutions. Metallized PET cartons offer several advantages, including being lightweight, easy to transport, and recyclable. These properties make them an ideal packaging solution for companies that are looking to reduce their carbon footprint and offer sustainable packaging to their customers.
In addition to their eco-friendliness, metallized PET cartons also offer several functional benefits, such as excellent barrier properties that protect the product inside from external elements like light and oxygen. They are also cost-effective and can be produced in various sizes and shapes, making them a versatile packaging solution for different products.
The demand for metallized PET cartons is expected to increase in the coming years as more companies are looking to adopt sustainable and environmentally friendly packaging solutions. The market is also expected to be driven by the growth of the food and beverage industry, particularly in developing regions. However, the high cost of raw materials and manufacturing processes may limit the growth of the market.
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Metallized PET is replacing aluminium coating on cartons as it is characterized by higher tensile strength. The metalized PET carton also holds flexible rigidity unlike cartons made of aluminium coating the packaging doesn’t wrinkle because of the composite material that is produced by the vaporization of the metal. This would give the packaging a more presentable look.
The extremely fine metal coating of the metallized PET cartons changes the electrical conductivity opening up possibilities for it to be used as food packaging. This property of absorbing energy and exhibiting heat makes food item such as frozen foods, curry, noodles and many others ready to be heated in an oven as they contain low water content.
Sustainability has become a necessity and a crucial factor for leading players in packaging industry. Manufacturers are focusing on high quality barrier packaging which is expected to spur the 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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