Packaging Laminates Market Size & Share | Industry Trends Analysis Report for 2033

ByNiranjan karde

The Packaging Laminates Market is poised for remarkable growth, projected to reach a value of US$ 10,410.2 million by 2033 from US$ 6,274.7 million in 2022, with a substantial CAGR of 5.1%. This surge is driven by escalating demands for information transparency, leading to the rapid adoption of clean-label and smart laminates.

The market’s evolution signifies a shift from traditional packaging to an optimized ecosystem, encompassing cost-effective storage, supply, and product presentation across diverse business sectors. These laminates have become essential components that not only enhance product appeal but also meet the evolving expectations of modern consumers and businesses alike.

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Consumers, corporations, and government agencies in the United States spent US$ 1.71 trillion on food and beverages in grocery stores and other shops as well as on takeout meals and snacks in 2018, according to the U.S. Department of Agriculture Economic Research Service.

Key Takeaways:

  • In terms of material type, the metallized polypropylene (PP) films are anticipated to attain more than 35% of the revenue share, recording an optimistic 5.1% value CAGR throughout the assessment period due to their high flexibility and durability.
  • Based on thickness, the 30-45 microns category is likely to command market share reaching US$ 4.0 Bn by 2030, as it is the ideal size utilized for packaging several items, chiefly perishable foodstuffs.
  • Based on application, aseptic packaging is the key beneficiary of the global market, recording a 4.9% CAGR across the assessment period. Consumer preferences for instant food and high-quality meals, as well as the expansion of the dairy beverage industry, are driving sales of aseptic packaging.
  • According to FMI, the United States is expected to dominate the North America packaging laminates market with a market share of 81.7% during the assessment period, owing to rising packaged food consumption, the expansion of the medical device packaging market, and the presence of key market players.
  • India is anticipated to develop into a very lucrative market for packaging laminates over the forecast period due to the rising popularity of packaging laminates in packaging applications and the expansion of end-use verticals. According to emerging trends, India is likely to command Asia Pacific, which currently accounts for 49.2% of global income, in 2022.

“Stringent environmental compliance standards to decrease waste is compelling vendors to initiate sustainable & eco-friendly packaging material, offering future growth prospects,” infers an FMI analyst.

Key Trends:

  • Packaging laminates printing to enhance brand image and their brand value to meet consumers’ customized requirements are likely to gain momentum during the forecast period.
  • The surge in demand for immunity-boosting foods, hygiene products, and healthcare consumables have augmented the requirement for packaging laminates.
  • Growing adoption of flexible packaging solutions complementing market growth as it enhances the product’s shelf-life and convenient user experience.
  • Expansion of modern retail format allowing to accommodate ready-to-eat packaged foods, pharmaceutical, and cosmetics products, thus boosting demand for packaging laminates

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Market Segmentation:

Material Type

  • Aluminium Foil
  • Paper & Paperboard
  • Metallized PP
  • Metallized BOPP
  • Metallized OPP
  • Metallized CPP
  • Metallized PET
  • Metallized PA
  • Metallized PE
  • Metallized PVC
  • Others (PVC, EVOH, etc.)

Thickness

  • Up to 30 Microns
  • 30-45 Microns
  • 45-60 Microns
  • Above 60 Microns

Application

  • Aseptic Packaging
  • Non-aseptic Packaging

End-Use Industry

  • Food
  • Salty Snacks
  • Confectionary
  • Tea & Coffee
  • Ready-to-eat Foods
  • Meat, Poultry & Seafood
  • Fruits & Vegetables
  • Others
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Others