HOME Research Insight Cosmo Films (India) and Jindal Poly Films (India) are the Most Prominent Players in the Metallized Film Market

Cosmo Films (India) and Jindal Poly Films (India) are the Most Prominent Players in the Metallized Film Market

The metallized film market is estimated at USD 2.20 billion in 2018 and is projected to reach USD 2.82 billion by 2023, at a CAGR of 5.09%. The growing demand for metallized film from end-use industries, such as packaging and decorative, is driving the metallized film market. This factor has encouraged many companies in the metallized film industry to adopt various developmental strategies. New product launch accounted for the largest share of all the strategies adopted by the market players between 2015 and February 2018. This growth strategy was adopted by the players to increase their foothold and maintain sustained growth in the metallized film market. Cosmo Films (India), Jindal Poly Films (India), Uflex (India), and Toray Industries (Japan) are some of the leading metallized film manufacturers who have adopted this strategy to develop their businesses, globally.

Besides new product launch, companies also adopted the strategy of expansions to expand their market share and distribution network. These strategies accounted for a significant share of the overall growth strategies adopted by the players in the metallized film market between 2015 and 2018.

Cosmo Films (India), Jindal Poly Films (India), Uflex (India), and Toray Industries (Japan) are the most prominent players in the metallized film market. These companies have mainly adopted new product launch and expansion strategies in the past three years to achieve growth in the metallized film market.

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Cosmo Films is one of the key manufacturers of biaxially oriented polypropylene (BOPP) films at the global level. The company operates under two business segments, namely, packaging films and others. It offers several products such as packaging films, label films, lamination films, and industrial films. The company has its manufacturing operations in India, South Korea, and the US along with sales offices in the US, Asia Pacific, and Europe. It sells its products across the globe with a widespread network of channel partners and exports to over 80 countries, globally. The company has metallized films products under barrier packaging films. In February 2017, Cosmo Films introduced highly effective high barrier metallized BOPP film. This film can be used for all food and personal care applications where moisture barrier is of maximum importance.

Jindal Poly Films is an Indian company engaged in the manufacturing BOPP and biaxially-oriented polyethylene terephthalate (BOPET) films, mainly for the flexible packaging industry. The company operates through three reportable segments, namely, packaging films, photographic products, and nonwoven fabrics. Under the packaging films segment, the company manufactures flexible packaging films, which include plastic films, paper, and aluminum foil. Metallized BOPET and BOPP films are also used for flexible packaging application. The company manufactures products at its 6 manufacturing units—two located in the US, three in Europe (in Italy, Belgium, and the Netherlands), and one in India. In February 2017, Jindal Poly Films planned to increase the production capacity of BOPP films used in flexible packaging. It will add 10,000 tons of metallization capacity. The capacity expansion comprises metallizing & extrusion at its Brindisi (Italy) site.

Related Reports:

Metallized Film Market by Material Type (PP and PET), Metal (Aluminum), End-use Industry (Packaging, Decorative), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023

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