The ‘Global Cast Polypropylene (CPP) Films Market Size Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cast polypropylene (CPP) films market, assessing the market on the basis of its segments like types, applications, and major regions.
Cast Polypropylene (CPP) Films Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.5%
|Growth Rate CAGR||5.5%|
|Major Players||Takigawa Corporation, Profol GmbH, Polyplex Corporation Limited, PT.|
Bhineka Tatamulya, Industry, and Jindal Poly Films Limited, among others
Cast polypropylene (CPP) films are ideal for providing barriers to food and non-food products. In this regard, the flourishing food packaging industry owing to the surging sales of bakery, confectionary, and vegetable products is driving the market growth. Besides, the growing international trade of non-food items such as textile and electronic equipment, among others, is propelling the demand for CPP.
CPP films are utilised in the art and craft industry for wrapping flowers and other decorative items and packing greeting cards, which is a significant driving factor of the cast polypropylene (CPP) films market demand. Furthermore, the excellent sealing properties of cast polypropylene (CPP) films make them ideal for extending the shelf life of packaged products.
CPP films exhibit low moisture permeability, excellent impact resistance and anti-static properties. Therefore, these advantages are bolstering their application in drug packaging applications. In the forecast period, the increasing demand for medicines and prescription drugs is anticipated to fuel the market growth.
CPP film is odourless, non-toxic, cost-effective, and compatible with high-end machines. Hence, the product is likely to witness an increased demand in printing and lamination applications.
In terms of region, the Asia Pacific accounts for a significant share in the market owing to the growing expansion of various end-use industries, including packaging, food and beverage, and pharmaceuticals, among others. The rapid industrialisation in countries such as India, South Korea, and China is further augmenting the cast polypropylene (CPP) films market development.
Cast Polypropylene (CPP) Films Industry Definition and Major Segments
Cast polypropylene (CPP) film is defined as a covering which offers resistance to low temperature as well as heat. The product exhibits high gloss and clear optical properties. It also possesses high sealing strength, which makes it ideal for packaging both edible and non-edible items. Moreover, the product exhibits excellent dimensional stability and enhances the smoothness of transportation operations.
Based on type, the market can be segmented into:
• General CPP Films
• Retort CPP Films
• Metalised CPP Films
The market can be broadly categorised based on application into:
• Food Packaging
• Textile Packaging
• Drug Packaging
On the basis of region, the market can be divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Cast Polypropylene (CPP) Films Market Trends
The key trends in the global cast polypropylene (CPP) films market include the progressive product launches by the key players and the rising demand for innovative packaging from various end-use industries. For instance, in March 2022, Cosmo Films announced the launch of high-coefficient friction white cast polypropylene, which is ideal for packaging food products ranging from noodles and biscuits to various snacks.
The growing research and development activities by major CPP manufacturers aimed towards producing eco-friendly recyclable CPP films are anticipated to favour the cast polypropylene (CPP) film market development. For instance, in March 2022, Innovia announced the development of recyclable cast polypropylene (CPP) film to cater for the growing demand for lamination applications.
The thriving e-commerce industry and the increasing sales of diversified edible and non-edible items are bolstering the demand for packaging materials, hence positively influencing the cast polypropylene (CPP) films market growth. The doorstep delivery offered by online retail platforms is likely to generate a high demand for packaging films with high mechanical strength and good resistance to heat.
Key Market Players
Some major players in the market:
• Takigawa Corporation
• Profol GmbH
• Polyplex Corporation Limited
• PT. Bhineka Tatamulya Industry
• Jindal Poly Films Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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