Global Cast Polypropylene (CPP) Packaging Films Market - Industry Trends and Forecast to 2029

Global Cast Polypropylene (CPP) Packaging Films Market Analysis and Size

Cast polypropylene (CPP) packaging films provide a range of beneficial properties such as high transparency, high impact strength, heat sustainability, high moisture barrier, dimensional stability, and printability. UFlex Limited (India), Copol International Ltd (Canada), Mitsui Chemicals Tohcello,Inc. (Tokyo), M Stretch S.P.A (Italy), ProfoGmbh (Hermany) and PT Panverta Cakrakencana (Indonesia) are the some major players operating in this market.

• Data Bridge Market Research analyses that the cast polypropylene (CPP) packaging films market value, which was USD 1.41 billion in 2021, is expected to reach the value of USD 2.04 billion by 2029, at a CAGR of 4.70% during the forecast period. "Medical and Pharmaceutical" accounts for the largest application segment in the cast polypropylene (CPP) packaging films market owing to its properties such as high heat resistance, high puncture and tear resistance and excellent packaging integrity at extreme temperatures. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Global Cast Polypropylene (CPP) Packaging Films Market Definition

Cast polypropylene (CPP) packaging films are used as packaging solutions to protect the packaged products from getting contaminated. The cast polypropylene (CPP) packaging films are especially used by the healthcare and pharmaceutical industries for this reason. The cast polypropylene (CPP) packaging films improve the shelf life of the products as they are produced through the casting process.  

Report Scope and Market Segmentation

Global Cast Polypropylene (CPP) Packaging Films Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growth in investment for research and development to carve way for innovations

The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated packaging equipment/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations pertaining to such packaging solutions.      

• Increased consumption of food and beverages globally to induce greater demand and supply in emerging nations  

It is well known that the global population is rising at an unprecedented rate. Consequently, there is a huge rise in food and beverage items demand and inclination of consumers towards online shopping. Rising trend of consuming ready-to-eat meals especially in the western economies, is leading to the rise in demand for convenient packaging solutions. According to the Food and Agriculture Organization of the United Nations, roughly one-third of the food produced for human consumption is wasted globally and this is where the role of cast polypropylene comes into play. These packaging solutions improve the shelf life of the food products. Also, increasing demand of convenience foods due to changing lifestyle and busy schedule has further propelled the growth rate of the market.

Opportunities   

• Growth and expansion of end user verticals

Owing to the global economic rise, there is a huge scope of growth for the materials and packaging industry. Food service packaging solutions offer cost-effectiveness of packaging the products. Emphasis on modern technologies in packaging industry is directly proportional to the increasing demand for such packaging solutions.   

Rising urbanization, modernization, and globalization drive market value growth. Surging development in the flexible packaging solution, growing technological advancements in the packaging equipment and technology to accommodate a diversified range of products, hiking demand from consumers regarding high product transparency, growing food packaging industry in Asia Pacific and increased e-commerce industry's proliferation are other market growth determinants. Furthermore, advancements in manufacturing technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising stationary demand in developing countries and growing textile sector in Latin America will further expand the future growth of the market. 

Restraints /Challenges Global Cast Polypropylene (CPP) Packaging Films Market

• High costs

High costs associated with the initial investment or in other words, requirement of high initial capital investment will derail the market growth rate. Also, high operating and maintenance costs will further create challenges for the market.  

• Increased number of regulations

Rising enforcement of stringent environmental regulations imposed on the industries regarding the packaging waste generated will create hindrances for the growth of the market. Also, stringent regulations on product approvals will narrow down the scope of growth for the market. Further, increased regulations imposed by the government on the application of plastic as a packaging material and stringent government regulations towards volatile organic compound (VOC) emissions will yet again create hindrances.    

• Supply chain disruptions

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, fluctuations in the prices of raw materials and oil prices will prove to be a demerit for the market. Therefore, this will challenge the market growth rate.     

Also, dearth of awareness in underdeveloped regions and large scale availability of alternatives such as printed packaging will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies will also challenge the market growth rate.

This cast polypropylene (CPP) packaging 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 (CPP) packaging 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.

COVID-19 Impact on Cast Polypropylene (CPP) Packaging Films Market

The recent outbreak of coronavirus had an optimistic impact on the market. This was because of the high demand from the healthcare, pharmaceutical and food and beverages industries which were largely unaffected by the pandemic. Rising number of drug and vaccine development activities induced growth in the demand and supply. High number of beneficial properties provided by this packaging solution too worked in its favour in this pandemic phase. Also, increased proliferation of e-commerce platforms promises a brighter future. However, supply chain disruptions and transportation restrictions somewhat damaged the market at the same time.

Recent Development

• In 2021, Coveris, a leading European packaging company, had developed a sustainable and high performance CPP packaging film (PP CPL solution), which is a mono-material and is retortable. It also provides strong heat-seal resistance up to 180°C.
• In the year 2020, Profol had developed the recycle-ready polypropylene pouch solutions. The pouch contained reverse printed BOPP-film and a pressure-sensitive adhesive coated cast-polypropylene film.
• In 2020, Mitsui Chemicals launched joint research with Nagaoka University of Technology to propel plastic waste recycling.

Global Cast Polypropylene (CPP) Packaging Films Market Scope

The cast polypropylene (CPP) packaging films market is segmented on the basis of type, application, thickness and end-use. 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.

Type

• General CPP Films
• Retort CPP Films
• Metalized CPP Films
• Others

On the basis of type, the cast polypropylene (CPP) packaging films market is segmented into general CPP films, retort CPP films, metalized CPP films and others.

Application

• Food Packaging
• Textile Packaging
• Agriculture Packaging
• Stationary Packaging
• Medical and Pharmaceutical
• Drug Packaging
• Others

On the basis of application, the cast polypropylene (CPP) packaging films market is segmented into food packaging, textile packaging, agriculture packaging, stationary packaging, medical and pharmaceutical, drug packaging and others.

Thickness

• 0-30 Microns
• 31-50 Microns
• Above 50 Microns

On the basis of thickness, the cast polypropylene (CPP) packaging films market is segmented into 0-30 microns, 31-50 microns and above 50 microns.

End-use

• Healthcare
• Food and Beverages
• Floral
• Textile

On the basis of end-use, the cast polypropylene (CPP) packaging films market is segmented into healthcare, food and beverages, floral and textiles.

Cast Polypropylene (CPP) Packaging Films Market Regional Analysis/Insights

The cast polypropylene (CPP) packaging films market is analysed and market size insights and trends are provided by country, type, application, thickness and end-use as referenced above.

The countries covered in the cast polypropylene (CPP) packaging 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.

Asia-Pacific is dominating the cast polypropylene (CPP) packaging films market due booming demand for processed food products which have further propelled the regional market growth, as with the rapid growth application of cast polypropylene films in pharmaceutical industry is anticipated to fuel the market growth.    

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 (CPP) Packaging Films Market Share Analysis

The cast polypropylene (CPP) packaging 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 (CPP) packaging films market.

Some of the major players operating in the cast polypropylene (CPP) packaging films market are:

• UFlex Limited (India)
• Copol International Ltd (Canada)
• Mitsui Chemicals Tohcello,Inc. (Tokyo)
• M Stretch S.P.A (Italy)
• ProfoGmbh (Germany)
• PT Panverta Cakrakencana (Indonesia)
• Polyplex (India)
• Jindal Poly Films (India)
• 3B Films Pvt (India)
• Poligal. S.A. (Peru)
• Alpha Marathon Film Extrusion Technologies Inc (Canada)
• Vista Packaging Pvt.Ltd (India)
• ProMach (US)
• H.B. Fuller Company (U.S.)
• Henkel Ag & Co. KGaA (Germany)
• CCL Industries Inc. (Canada)
• TAGHLEEF INDUSTRIES GROUP (US)
• Kanodia Technoplast (India)

Research Methodology : Global Cast Polypropylene (CPP) Packaging Films Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.

To know more about the research methodology, drop in an inquiry to speak to our industry experts 

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-cpp-packaging-films-market

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