Packaging Laminate Market: What are the key factors contributing to the growth of the industry?

Features such as high puncture and tear resistance, long shelf life and improved aesthetics are driving adoption of custom packaging solutions. Based on these trends, Future Market Insights (FMI)  predicts that the global   packaging laminate market  will reach $9 billion by 2030.

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The demand for effective packaging solutions has taken center stage across key industry sectors. Reliance on traditional glass- and metal-based packaging is becoming less and less, and more flexible and lightweight packaging materials such as PP, paper and aluminum foil are preferred.

Increasing adoption of flexible packaging solutions

As research and development (R&D) activity increases, suppliers have successfully introduced packaging solutions that can extend the shelf life of products and provide a convenient user experience. Major industries such as pharmaceutical, food and cosmetic are increasingly adopting lightweight packaging solutions, increasing their growth prospects for the future.

Corona 19 Impact Insights

The COVID-19 pandemic has caused major slump in several end-use industries due to disruptions to production cycles amid strict lockdowns. Decreasing industrial production has also hampered demand for packaging laminates in key areas. However, demand is mostly maintained in the food and pharmaceutical industries.

Recycling and disposal issues hindering growth

The environmental impact of polymers significantly hinders the growth of the packaging laminates market. Over the years, demand has shifted to multi-layer packaging due to desired features, thickness and increasing application. Packaging Laminate provides multi-layered metallic and non-metallic packaging structures for accurate and safe packaging.

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Packaging Laminate Market – Segment

material type

[*]aluminum foil
[*]paper and cardboard
[*]Metal PP
[*]Metalized 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
[*]60 microns or more

application

[*]aseptic packaging
[*]aseptic packaging

end-use industry

[*]food
[*]salty snack
[*]confectionery
[*]tea & coffee
[*]instant food
[*]Meat, poultry and seafood
[*]fruits and vegetables
[*]Etc
[*]medicine
[*]Cosmetics and personal care
[*]Etc

Highlights of Packaging Laminate Study

• Europe and East Asia jointly dominate the market, accounting for nearly 40% of the revenue share.
• The food industry witnesses the largest application of packaging laminates, accounting for more than half of the overall market share.
• Aseptic packaging to replace growth in aseptic packaging, accounting for more than 50% of sales
• Registering Incremental Opportunities Worth $1.6 Billion by 2030
• Global Packaging Laminate Market to Register a Value CAGR of ~5% in 2020-2030

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competitive information

Packaging Laminate players rely on strengthening their regional distribution networks and expanding their product portfolios by providing industry-specific packaging solutions. Besides, they also rely on acquisitions and collaborations with rival players.

For example, Mondi Group Plc is generating significant revenue by targeting industrial and consumer packaging needs. The product portfolio includes textile wrapping paper, wrapping paper, consumer wrapping paper and uncoated premium paper.