The market for Metallized Folding Cartons was worth US$ 1.3 billion in 2020, and it is predicted to increase at a CAGR of 10% from 2021 to 2031. End-use industries commonly employ metalized folding cartons for the packaging of small and medium-sized food and beverage products and consumer goods because of their features, which include outstanding printability, rigidity, and flexibilityMetalized
Metalized folding cartons are preferred for food packing because they reduce the possibility of contamination while maintaining the nutritional value of the food inside.
What’s Driving Metallized Folding Cartons Demand?
The desire of various end-users for systematic and sophisticated packaging is the driving factor behind the expansion of metalized folding cartons. Due to increasing demand during the lockdown period, the use of metalized folding cartons has expanded across the food and beverage industries, resulting in significant growth prospects.
Furthermore, among generation Z and millennials, rapid foods are popular. As a result, the increase in instant food manufacturing is exactly proportionate to the increase in sales of metalized folding cartons.
The Food and Beverage Industry is Expected to Make the Largest Contribution
In 2020, food and beverage became the largest end-use segment, and this trend is predicted to continue through 2031. The packaged food market’s continuous growth contributed to the segment’s highest share in 2020.
The rise in consumption of ready-to-eat food products has been fueled by an increase in the number of working women and a busy lifestyle, which is likely to grow the food & beverage market in the next years. Increased usage of easy food products such as packaged meals has resulted from rising disposable income combined with changing consumer habits around the world.
Demand for Metallized Folding Cartons in Europe
The metalized folding cartons sector is expected to grow rapidly in Europe. The region’s rise is due to the region’s significant production and sales of intermediate bulk containers. The presence of major manufacturers in Europe, as well as their ongoing attempts to produce more recyclable containers, is increasing the market for metalized folding cartons. Furthermore, the region’s food and beverage industry is carefully controlling the demand for metalized folding cartons throughout Europe.
Furthermore, due to its stiffness and sustainability, e-commerce enterprises choose metalized folding cartons for shipping products to customers. The increasing prevalence of organized retail chains in nations such as the United Kingdom, Germany, and France has fueled demand for packaged food goods, boosting sales. As a result, the growing e-commerce business in Europe is expected to boost growth in the future years.