Categories: Aerospace & Defence

Maximizing Growth: Flexible Packaging Market Trends

The Metalized Flexible Packaging Global Market Report 2023 by The Business Research Company, provides metalized flexible packaging market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/metal-stamping-global-market-report

According to The Business Research Company’s Metalized Flexible Packaging Global Market Report 2023, the global metal stamping market size will grow from $198.45 billion in 2022 to $208.79 billion in 2023 at a compound annual growth rate (CAGR) of 5.2% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of metal stamping is expected to grow to $254.71 billion in 2027 at a CAGR of 5.1% .

The growing demand for the automotive industry is expected to boost the growth of the metal stamping market. The automotive sector is one of the most important economic drivers, with a high level of involvement in global value chains. This sector’s expansion has been fueled by significant government support, which has allowed it to create a distinct route among manufacturing industries. This expansion increases the production of related automotive components, metal stamping equipment, and tools used in automotive manufacturing.

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The metalized flexible packaging market is segmented:

1) By Press Type: Mechanical Press, Hydraulic Press, Servo Press, Other Press Types

2) By Process: Blanking, Embossing, Bending, Coining, Deep Drawing, Flanging, Other Processes

3) By Material: Steel, Aluminum, Copper, Other Materials

4) By Application: Automotive, Industrial Machinery, Consumer Electronics, Aerospace And Aviation, Electricals And Other Electronics, Telecommunications, Medical Industry, Defense, Other Applications

Technological advancements is a key trend in gaining popularity in the metal stamping market. Major companies operating in the metal stamping market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation metal stamping technologies into their product and related services, such as robotics, automation, optics, 3D vision system, precision detection, information network management, integration sensors, and others, to provide cutting-edge technology and efficiency in production times leading to cost-efficiency. For instance, In October 2020, a Switzerland-based automation company launched a robot-based press automation solution. This IRB 760PT is a comprehensive press tending system that offers 25% faster cycle times than existing robot-based press automation solutions.

The metalized flexible packaging market report table of contents includes: