Global Cast Polypropylene Films Market – Industry Trends and Forecast to 2029

Cast Polypropylene Films Market Analysis and Size

Cast polypropylene Films is a thin cast plastic film which are used for the several purposes such as bundle over wrap and for the process of stretch wrapping the pallets. The growth of the polypropylene films market is driven by increase in the adoption of polypropylene Films in agriculture, food and beverage, construction and household. Cast polypropylene films are used as roofing solutions, vapour retarder, window film and counter top protection. Furthermore, it can be also used for sealing room, cover materials which are used for constructing buildings, and can be used in lead abatement projects, these are the key market trend which drives the use of polypropylene. Films in construction applications

Data Bridge Market Research analyses that the cast polypropylene films market was valued at 1844.50 million in 2021 and is expected to reach USD 3542.55 million by 2029, registering a CAGR of 8.50 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

A cast polypropylene film is formed from several grades of polypropylene polymers. It is formed by using cast technology without bi-axial orientation. These films are extensively used in the packaging industry to the several benefits offered, including good seal strength, good moisture barrier, optical clarity and gloss, and low static properties, among others.

Global Cast Polypropylene Films Market Dynamics

Drivers

• High demand in food and beverages sector

Cast polypropylene films is mainly used in food and beverage industry for various packaging purposes such as packaging of apples, potatoes, non-frozen baked products and for covering of trays for delivery baked food products. The higher demand for cast polypropylene films in the food and beverages market is expected to drive the market's growth rate.

• Rise the demand in construction sector

Cast polypropylene films also used in the construction industry and play a significant role in covering specific spaces and protecting the valuable machinery and equipment. It can be mainly used to protect against dust, dirt, elements, and dampness. The rising demand of cast polypropylene films for the protection of machineries and element are expected to drive the cast polypropylene films market.

• Growing demand in agriculture industry

Cast polypropylene films is highly used in the agricultural sector to protect crops through UV rays. These films are mainly used to clear greenhouse effect and form low tunnels. Cast polypropylene films helps to keep the crops away from the unpredictable weather conditions and bad climate which threaten to destroy the crops completely. They allow an improved and better germination process and help in the products' fast and high quality growth.

Opportunities

• Rise in demand due to extensive properties

The cast polypropylene films provide various important properties such as moisture resistance, lightweight, flexible, glossy finish and other characteristics which make them more suitable for extensive range of applications. However, several robust applications such as laminates, construction, tubes and others increase the requirement of cast polypropylene films with high flexibility and moisture resistant capabilities, which will create beneficial opportunities for market growth.

Moreover, large number of emerging new markets and rise in strategic collaborations will act also as market drivers and further boost beneficial opportunities for the market's growth rate.

Restraints/ Challenges

• Rising demand for eco-friendly packaging solutions

Consumers are shifting toward environmental friendliness and sustainability, eco-friendly packaging solutions expected to continue fostering green practices. The rise in awareness for reducing carbon footprints and waste management have attracted the consumer toward the use of paper packaging films in several industries such as pharmaceutical, food, cosmetics and personal care and others. This is recognized to the use of paper packaging films over the cast polypropylene films due to constraints and environmental regulations which may restrain the growth of the cast polypropylene films market.

• Supply Chain Disruptions Will Pose a Threat

With the growing number of restrictions around the world due to pandemic, there has been a hit in the supply and demand of packaging solutions. Also, the volatility in the prices of raw materials will prove to be a demerit for the cast polypropylene films market. Therefore, this will challenge the growth of the cast polypropylene films market.

This cast polypropylene films market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cast polypropylene films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Cast Polypropylene Films Market

The outbreak of COVID-19 pandemic has negatively affected subsequently shrinking the GDP and the global economy thus, changing the consumer spending patterns globally. The major end users of cast polypropylene films such as packaging, automotive, food and beverages, construction, and transportation have been negatively impacted due to the ongoing pandemic outbreak. The ongoing health crisis has augmented the gap between supply and demand chains, hampering the global polyethylene cling film supply chain. Moreover, the temporary shutdown of infrastructure and construction activities amid the COVID-19 period which has decrease he consumption of cast polypropylene films for curing of concrete from the ground.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Cast Polypropylene Films Market Scope

The cast polypropylene films market is segmented on the basis of film format, processing technologies, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Film Format

• Translucent
• Opaque

Processing Technologies

• Injection Molding
• Blow Molding
• Extrusion
• Thermoforming

Application

• Bottles
• Pouches
• Pressure sensitive tapes
• Automotive spare components
• Stationery Packaging
• Injection molding
• Others

End User

• Food and retail Industry
• Electronic and electrical industry
• Cosmetics and personal-care industry
• Pharmaceutical industry
• Agricultural industry
• Others

Cast Polypropylene Films Market Regional Analysis/Insights

The cast polypropylene films market is analysed and market size insights and trends are provided by country, film format, processing technologies, application and end user as referenced above.

The countries covered in the cast polypropylene films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cast polypropylene films market in terms of market share due to the rising expenditure for research and development proficiencies, rise in cluster of manufacturers focusing on biodegradable cast polypropylene films and high demand from the food and beverages sector in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period due to the growing usage in food packaging sector, increasing urbanization in emerging economies and increasing adoption of on-the-go-food products in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Cast Polypropylene Films Market Share Analysis

The cast polypropylene films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cast polypropylene films market.

Some of the major players operating in the cast polypropylene films market are:

• 3M (U.S.)
• Anchor Packaging LLC, (U.S.)
• Berry Global Inc., (U.S.)
• CeDo Ltd., (U.K.)
• Dow. (U.S.)
• Harwal Group of Companies, (UAE)
• Intertape Polymer Group, (Canada)
• Jindal Poly, (India)
• Klöckner Pentaplast, (Germany)
• Mitsubishi Chemical Corporation, (Japan)
• MOLCO GmbH, (Germany)
• Nan Ya Plastics Corporation (China)
• AVPack Plastic Manufacturers (South Africa)
• Suzhou Yuxinhong Plastic Packaging Co., Ltd. (China)
• AMERICAN MANUFACTURE COMPANY (U.S.)
• Polyvinyl Films, Inc (U.S.)
• ECPlaza Network Inc (China)
• Shenzhen Bull New Material Technology Co., Ltd (China)
• SHENZHEN XINTENG PACKAGING CO., LIMITED (China)
• Reynolds Consumer Products (U.S.)

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