According to the report titled ‘Global Packaging Laminates Market Size study, by Material type (Aluminum foil, paper and paperboard, metallized PP, metallized PET, metallized PA, metallized PE, metallized PVC and others), Thickness (Up to 30 Microns, 30-45 Microns, 45-60 Microns and Above 60 Microns), Application (aseptic packaging and non-aseptic packaging), End Use Industry (Food, Pharmaceuticals, Cosmetics & personal care and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global packaging laminates market is projected to register a y-o-y growth rate of 5% through 2027.
 

Strength of the product, coupled with its ability to preserve goods during storage & distribution, safeguarding items from external agents like gas and moisture, are key factors proliferating the global packaging laminates market revenues.
 

Additionally, extensive usage of packaging laminates across food & beverage sector for products like frozen food, ready to eat items, and boil in bag pouches, is further boosting the market expansion.
 

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As per the Government of Canada, food & beverage processing sector is the second largest industry which accounts for 2% of the national GDP and 17% of the total manufacturing shipment. Speaking of Mexico, according to National Institute of Statistics and Geography, the nation had 187,247 food & beverage economic units, including distribution centers and production plants, in 2017. Also, the country exported processed food worth USD 26.76 billion worldwide in the same year.
 

For the unversed, packaging laminates are utilized to wrap ready-to-eat foods, snacks, precooked meals, and more. In the laminating process, two or more flexible packaging webs like paper, aluminum foil, films, etc. are fused together using binding agents.
 

Widespread product usage for insulation, in consort with incorporation of packaging for cosmetics and medicines, and invention of sustainable & environment friendly laminates are augmenting worldwide packaging laminates market outlook.
 

On the other hand, strict conformance of environmental laws, standards, and regulations is a major bottleneck for industry players.
 

From the regional frame of reference, Asia Pacific led the global packaging laminates industry forecast in the recent past and is touted to showcase significant growth trends over 2020-2027. Amplifying food processing and production sectors, alongside swift industrialization are stimulating the market scenario.
 

Key contenders defining the global packaging laminates market dynamics are Berry Global Inc., Intercept Medical / Laminated Films & Packaging Inc., Protect-All Inc., Multi-Specialty Extrusions Private Limited, Jindal Poly Films Ltd., Mondi plc, AVI Global Plast Pvt. Ltd., KDX America LLC, Plastiroll Oy Ltd., and Northeast Packaging Materials Inc.