The metallized PET cartons market is anticipated to reach US$ 185.1 million in 2023, according to a forecast by FMI. The market will be worth US$288.1 million by the end of 2033 and is predicted to grow at a CAGR of 4.5% during the forecast period. In 2023, it is anticipated that sales of metallized PET cartons will expand globally by 2.0% year over year.
Because it has a better tensile strength than aluminium coating, metallic PET is replacing it on containers. The packaging doesn’t wrinkle because of the composite material created by the vaporisation of the metal, unlike cartons made of aluminium coating, which keep flexible rigidity. This would make the packaging appear more professional.
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The foil laminated cartons‘ incredibly thin metal coating alters their electrical conductivity, making it possible to utilise them as food packaging. Due to their low water content and ability to absorb energy and produce heat, food items including frozen foods, curry, noodles, and many others are ready to be heated in an oven.
Leading participants in the packaging sector now consider sustainability to be essential and important. Manufacturers are placing an emphasis on barrier packaging of the highest calibre, which is anticipated to boost sales of metallized PET cartons.
Key Takeaways from Metallized PET Cartons Market Survey
- The U.S will dominate the metallized PET cartons market with around 66.2% market share in North America in 2021.
- China will hold around 48.8% market share in East Asia. The market in the country is set to register year-on-year (YoY) growth of 8.1% in 2021.
- India will emerge as one of the lucrative markets for the manufacturers of metallized PET cartons. The market is expected to register incremental opportunity of US$ 11.2 Mn during the forecast period.
- By material type, polyethylene terephthalate (PET) will lead the market with a share of around 56.7% in 2021.
- Based on finishing, printed segment will dominate the market with a share of around 59.6% in 2021.
Competitive Landscape
The leading players in the metallized PET cartons market are concentrating on growing their product lines and distribution channels. To acquire a competitive edge in the market, they are using different techniques, including acquisitions, mergers, and the creation of new goods. Companies operating in the market are aiming at strategic collaborations and strategic partnerships with other manufacturers to expand their product portfolio.
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Other Key Players Operating in the Market Include
- Sierra Coating Technologies LLC
- Rich Offset Pvt Ltd.
- Temple Packaging Pvt Ltd.
- P.R Packagings Ltd.
- Globe Print n Pack
- Noble Printing Press
- Grand Prints Pvt Ltd
Metallized Pet Cartons Market By Category
By Material Type:
- Polyethylene Terephthalate (PET)
- Aluminum
- Paperboard
By Finishing:
- Printed
- Non-printed
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By End Use:
- Food & Beverage
- Milk
- Yoghurt & Buttermilk
- Fruit Juice
- Carbonated Soft Drinks
- Alcoholic Beverages
- Others
- Pharmaceutical
- Personal Care & Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
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