Global Cast Polypropylene Packaging Films Market is valued approximately USD 1772.5 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.57% over the forecast period 2022-2029. Cast Polypropylene Packaging Films is a is a soft film like polyethylene. CPP has a higher tear and impact resistance, and better cold temperature performance and heat-sealing properties as compared to BOPP. The Cast Polypropylene Packaging Films market is expanding because of factors such as rising consumption of packed food and beverages and Increasing demand for flexible packaging solutions. However, rising penetration of e-commerce platforms and Increasing number of research and development operations by key market players will creates lucrative opportunities in future
According to Statista, in 2019, the consumption value of organic packaged food across India was estimated to account for USD 13 million, which is anticipated to increase and reached around USD 17 million by end of 2022. In January 2020, Coveris announced the introduction of recyclable CPP film with superior protection and heat-seal resistance, which is specially designed for food, pet food, and non-food products. The product presents better stiffness that safeguards products from external damage and better performance to withstand re-shrinking at high temperatures (0% at 150°C). Moreover, in 2021, the consumption value of organic packaged food across the United States was expected to be worth around USD 21,260 million, which is anticipated to rise and reached USD 25,060 million by 2025. However, Stringent government regulations stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cast Polypropylene Packaging Films Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the rising consumption of packed food and beverages. According to the Statista, in 2022 Revenue in the Ready-to-Eat Meals segment amounts to US$306.00bn. The market is expected to grow annually by 7.07%. Also, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration of e-commerce platforms in the market space.
Major market player included in this report are:
UFlex Limited.
Copol International Ltd
Mitsui Chemicals Tohcello, Inc
M Stretch S.p.A
PT Panverta Cakrakencana
Polyplex corporation limited
Jindal Poly Films Ltd
3B Films Pvt. Ltd
MJW International, LLC
Cosmo Films Ltd
Recent Developments in the Market:
In In Feb 2022 Cosmo Films Ltd. Launches White Cast Polypropylene (CPP) Film with high Coefficient of Friction. This film was invented to address the issue of slippage of layers over each other.
In Nov 2022, UFlex launched range of packaging solutions for pharmaceutical brands at CPHI & PMEC India 2022 UFlex is leading sustainable products and solutions provider in flexible packaging, exhibiting machinery for the pharmaceutical packaging sector, along with wide range of customized and value-added flexible packaging solutions.
In Nov 2022, Manupackaging and Polymateria had a strategic partnership with in the sustainable end-of-life packaging solutions. to develop Manunature® BD. It is a biodegradable stretch film and hood to achieve sustainability goals which ensures that polyolefin plastics are completely biodegrade in the open environment without creating any harm to nature.
Global Cast Polypropylene Packaging Films Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Type, Thickness, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
General CPP Films
Retort CPP Films
Metalized CPP Films
Others
By Application:
Food Packaging
Textile Packaging
Agriculture Packaging
Stationary Packaging
Medical and Pharmaceutical
Drug Packaging
Others
By Thickness:
0-30 Microns
31-50 Microns
Above 50 Microns
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World