Los Angeles, December 17, 2019 – QY Research has published a report titled, “USA Metallized Film Market Insights, Forecast to 2025,” to provide an in-depth analysis with accurate forecast, market trends, drivers, segments, and key players. The Metallized Film Market was valued more than US$ 375 Mn in 2018 and is estimated to obtain a value of above US$ 485 Mn by 2025. The Metallized Film market is projected to rise at a sluggish CAGR of 3.7% from 2018 to 2025.
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Food Industry – Fostering the Growth of the Metallized Film Market
Food Packaging: Metallized PET Films are usually used in food packaging to preserve freshness and flavor. These films when used in packaging as a seal or cover help in retaining the aroma and flavor of the products such as yogurt, and coffee. These films are also largely used in the meat export market. This is likely to lead the growth of the market.
Insulation: Metallized PET Films are used for insulation against heat in buildings and in vacuum insulation panels. These films are also used in insulated blankets to rescue people who accidently touch electric wires. They are also used to provide protection from heat in spacesuits of astronauts and in the suits of firefighters.
Electric Industry – Fostering the Growth of the Application Segment
The application segment of the Metallized Film market is divided into Electrics Industry, Construction Industry, and Packaging Industry. Wide usage of metallized PET films in Electrics industry segment is likely to foster the growth of the application segment. Based on the type segment, the global Metallized Film market is segregated into Metallized OPP Film and Metallized PET Film.
High Demand for Fresh Packaged Food in USA Likely to Boost the Market
High demand for packaged food and increasing awareness about healthy and fresh food has resulted in greater demand for Metallized film in the US, which is used for preserving food in packed food items. The blooming food and packaging industry in USA is likely to contribute to the growth of the market. Increasing usage of cosmetics and drugs has resulted in the growth of the chemical and pharmaceutical industry, which has high demand for Metallized Film has led to the growth of the market.
Adoption of Patents: A Major Focus of Key Players
Dunmore (Steel Partners), Toray Plastics, Flex Films, Polyplex Corporation, Celplast Metallized Products, and Impak Films are some of the top payers operating in the market. Key players are involved in investing in R&D and are concentrating on safeguarding their breakthrough products through patents to protect their intellectual property and products. For instance, Flex Films has patented its product to get the exclusive right of sale and manufacturing special PET Film in the region of USA.
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