Cast Polypropylene Cpp Film Market
PUBLISHED: 2024 ID: SMRC27614
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Cast Polypropylene Cpp Film Market

Cast Polypropylene (CPP) Film Market Forecasts to 2030 - Global Analysis By Type (Standard Film, Metalized Film, Laminated Film, Transparent and Opaque Films and Other Types), Material Type, Distribution Channel, Application, End User and By Geography

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4.9 (56 reviews)
Published: 2024 ID: SMRC27614

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Cast Polypropylene (CPP) Film Market is accounted for $1.5 billion in 2024 and is expected to reach $2.2 billion by 2030 growing at a CAGR of 6.3% during the forecast period. Cast Polypropylene (CPP) Film is a versatile, transparent polymer film produced through a casting process that involves melting polypropylene resin and cooling it on a flat surface. Known for its excellent clarity, low moisture permeability, and good heat sealability, CPP film is widely used in packaging applications, including food, medical supplies, and consumer goods. Its flexibility and strength make it suitable for various laminating and wrapping needs, while its chemical resistance enhances durability and shelf-life for packaged products.

According to the World Packaging Organization, the global fresh food packaging market is projected to grow from $79.8 billion in 2020 to $95.2 billion by 2025, reflecting a CAGR of 3.5%. Packaging plays a crucial role in maintaining the freshness of products, preventing damage, and serving as an effective marketing tool.

Market Dynamics: 

Driver: 

Cost-effective packaging solutions

Cost-effective packaging solutions that improve product protection and shelf life are available on the market. CPP films are lightweight, moisture-resistant, and recyclable, making them ideal for various applications, from food packaging to industrial uses. Their versatility allows for customized thickness and clarity, catering to specific customer needs while reducing material waste. Additionally, advancements in manufacturing processes have led to lower production costs, benefiting both producers and consumers in achieving sustainable packaging goals.

Restraint:

Competition from alternatives


Competition from alternative packaging materials poses challenges in the market. As businesses increasingly adopt eco-friendly options like biodegradable films and paper-based packaging, CPP films may face declining demand. This shift can lead to price pressure and reduced market share for CPP manufacturers. Additionally, growing consumer awareness about sustainability drives preferences toward alternatives, potentially hindering innovation and investment in CPP technology, ultimately affecting profitability and market viability.

Opportunity:

Rising urbanization and changing lifestyles

Rising urbanization and shifting lifestyles are significantly impacting the market. As urban populations grow, the demand for convenient and efficient packaging solutions increases, driven by busy lifestyles and a preference for ready-to-eat products. CPP films, known for their excellent moisture resistance and flexibility, are increasingly favored in food, retail, and consumer goods packaging. This trend reflects the need for sustainable, user-friendly packaging that meets the demands of modern urban consumers.

Threat:

Raw material price fluctuations

Raw material price fluctuations in the market are influenced by various factors, including global oil prices, supply chain disruptions, and demand fluctuations in packaging industries. Increases in the cost of propylene, derived from crude oil, directly impact CPP production costs. Additionally, geopolitical tensions and environmental regulations can lead to supply constraints, further exacerbating price volatility. These factors create challenges for manufacturers in maintaining profit margins and pricing strategies.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the market, disrupting supply chains and causing fluctuations in demand. Lockdowns and restrictions led to decreased production capacities and halted manufacturing activities, affecting overall market supply. Conversely, the surge in e-commerce and food packaging during the pandemic has increased demand for CPP films. As markets recover, manufacturers are adapting to new consumer behaviors while addressing ongoing supply chain challenges and rising raw material costs.

The metalized film segment is projected to be the largest during the forecast period

The metalized film segment is projected to account for the largest market share during the projection period. This film variant offers aesthetic appeal with a shiny finish, attracting consumers in food, beverage, and personal care sectors. Its lightweight nature contributes to reduced packaging costs and improved sustainability. As demand for high-performance packaging grows, metalized CPP films are increasingly favored for their versatility and effectiveness.

The flexible packaging segment is expected to have the highest CAGR during the forecast period

The flexible packaging segment is expected to have the highest CAGR during the extrapolated period. CPP films are commonly used for food, pharmaceuticals, and consumer goods, providing excellent barrier properties that extend shelf life. Their adaptability to various printing and sealing technologies enhances branding and consumer appeal. As sustainability becomes a priority, manufacturers are exploring eco-friendly alternatives, driving innovation and growth in the flexible packaging segment of the market.

Region with largest share:

North America region is projected to account for the largest market share during the forecast period. The region benefits from advanced manufacturing technologies and a strong emphasis on sustainability, with companies increasingly focusing on eco-friendly packaging solutions. Additionally, the growth of e-commerce and changing consumer preferences for convenient packaging are further propelling the market, positioning the region as a key player in the industry.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period due to its critical role in packaging across various industries, particularly food and beverages. The rise in online shopping is boosting demand for durable packaging solutions, with CPP films being preferred for their strength and flexibility. Additionally, there is a growing emphasis on biodegradable options within the market, spurred by consumer preferences and regulatory pressures regarding plastic use.

Key players in the market

Some of the key players in Cast Polypropylene (CPP) Film market include Tredegar Corporation, Jindal Poly Films Ltd., Cosmo Films Ltd., Polyplex Corporation Ltd., Mitsubishi Chemical Corporation, Amcor plc, Sealed Air Corporation, Uflex Limited, Gordon Plastics, Schur Flexibles Group, Mondi Group, Pactiv Evergreen Inc., Kuraray Co., Ltd., Toppan Printing Co., Ltd. and Hood Packaging Corporation.

Key Developments:

In October 2024, The Mitsubishi Chemical Group (the MCG Group) has decided to expand its production facility for OPL Film™ products, optical polyvinyl alcohol (PVOH) film, at Mitsubishi Chemical’s Central Japan-Ogaki (Kanda) Plant in Ogaki City, Gifu Prefecture, Japan. The upgraded facility is scheduled to go into operation in the second half of FY2027..

In March 2024, India-based flexible packaging solutions provider Uflex achieved a significant milestone in its global expansion and innovation strategy. The company announced the commencement of commercial production of polycondensed polyester chips at its Panipat facility in India. 

Types Covered:
• Standard Film
• Metalized Film
• Laminated Film
• Transparent and Opaque Films
• Other Types

Material Types Covered:
• Homopolymer 
• Copolymer 
• Biaxially Oriented Polypropylene (BOPP)
• Metallized Polypropylene

Distribution Channels Covered:
• Direct Sales
• Distributors/Wholesalers
• Online Retail

Applications Covered:
• Flexible Packaging
• Labeling
• Industrial 
• Medical   
• Other Applications

End Users Covered:
• Food & Beverage
• Pharmaceutical
• Consumer Goods
• Textiles
• Electronics
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Application Analysis       
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Cast Polypropylene (CPP) Film Market, By Type     
 5.1 Introduction        
 5.2 Standard Film        
 5.3 Metalized Film        
 5.4 Laminated Film        
 5.5 Transparent and Opaque Film      
 5.6 Other Types        
           
6 Global Cast Polypropylene (CPP) Film Market, By Material Type    
 6.1 Introduction        
 6.2 Homopolymer         
 6.3 Copolymer         
 6.4 Biaxially Oriented Polypropylene (BOPP)     
 6.5 Metallized Polypropylene       
           
7 Global Cast Polypropylene (CPP) Film Market, By Distribution Channel    
 7.1 Introduction        
 7.2 Direct Sales        
 7.3 Distributors/Wholesalers       
 7.4 Online Retail        
           
8 Global Cast Polypropylene (CPP) Film Market, By Application     
 8.1 Introduction        
 8.2 Flexible Packaging        
 8.3 Labeling         
 8.4 Industrial         
 8.5 Medical            
 8.6 Other Applications        
           
9 Global Cast Polypropylene (CPP) Film Market, By End User     
 9.1 Introduction        
 9.2 Food & Beverage        
 9.3 Pharmaceutical        
 9.4 Consumer Goods        
 9.5 Textiles         
 9.6 Electronics        
 9.7 Other End Users        
           
10 Global Cast Polypropylene (CPP) Film Market, By Geography     
 10.1 Introduction        
 10.2 North America        
  10.2.1 US        
  10.2.2 Canada        
  10.2.3 Mexico        
 10.3 Europe         
  10.3.1 Germany        
  10.3.2 UK        
  10.3.3 Italy        
  10.3.4 France        
  10.3.5 Spain        
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan        
  10.4.2 China        
  10.4.3 India        
  10.4.4 Australia        
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil        
  10.5.3 Chile        
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia       
  10.6.2 UAE        
  10.6.3 Qatar        
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa      
           
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions        
 11.5 Other Key Strategies       
           
12 Company Profiling         
 12.1 Tredegar Corporation       
 12.2 Jindal Poly Films Ltd.       
 12.3 Cosmo Films Ltd.        
 12.4 Polyplex Corporation Ltd.       
 12.5 Mitsubishi Chemical Corporation      
 12.6 Amcor plc        
 12.7 Sealed Air Corporation       
 12.8 Uflex Limited        
 12.9 Gordon Plastics        
 12.10 Schur Flexibles Group       
 12.11 Mondi Group        
 12.12 Pactiv Evergreen Inc.       
 12.13 Kuraray Co., Ltd.        
 12.14 Toppan Printing Co., Ltd.       
 12.15 Hood Packaging Corporation       
           
List of Tables          
1 Global Cast Polypropylene (CPP) Film Market Outlook, By Region (2022-2030) ($MN)  
2 Global Cast Polypropylene (CPP) Film Market Outlook, By Type (2022-2030) ($MN)   
3 Global Cast Polypropylene (CPP) Film Market Outlook, By Standard Film (2022-2030) ($MN)  
4 Global Cast Polypropylene (CPP) Film Market Outlook, By Metalized Film (2022-2030) ($MN)  
5 Global Cast Polypropylene (CPP) Film Market Outlook, By Laminated Film (2022-2030) ($MN)  
6 Global Cast Polypropylene (CPP) Film Market Outlook, By Transparent and Opaque Film (2022-2030) ($MN)
7 Global Cast Polypropylene (CPP) Film Market Outlook, By Other Types (2022-2030) ($MN)  
8 Global Cast Polypropylene (CPP) Film Market Outlook, By Material Type (2022-2030) ($MN)  
9 Global Cast Polypropylene (CPP) Film Market Outlook, By Homopolymer  (2022-2030) ($MN)  
10 Global Cast Polypropylene (CPP) Film Market Outlook, By Copolymer  (2022-2030) ($MN)  
11 Global Cast Polypropylene (CPP) Film Market Outlook, By Biaxially Oriented Polypropylene (BOPP) (2022-2030) ($MN)
12 Global Cast Polypropylene (CPP) Film Market Outlook, By Metallized Polypropylene (2022-2030) ($MN) 
13 Global Cast Polypropylene (CPP) Film Market Outlook, By Distribution Channel (2022-2030) ($MN) 
14 Global Cast Polypropylene (CPP) Film Market Outlook, By Direct Sales (2022-2030) ($MN)  
15 Global Cast Polypropylene (CPP) Film Market Outlook, By Distributors/Wholesalers (2022-2030) ($MN) 
16 Global Cast Polypropylene (CPP) Film Market Outlook, By Online Retail (2022-2030) ($MN)  
17 Global Cast Polypropylene (CPP) Film Market Outlook, By Application (2022-2030) ($MN)  
18 Global Cast Polypropylene (CPP) Film Market Outlook, By Flexible Packaging (2022-2030) ($MN) 
19 Global Cast Polypropylene (CPP) Film Market Outlook, By Labeling (2022-2030) ($MN)  
20 Global Cast Polypropylene (CPP) Film Market Outlook, By Industrial  (2022-2030) ($MN)  
21 Global Cast Polypropylene (CPP) Film Market Outlook, By Medical    (2022-2030) ($MN)  
22 Global Cast Polypropylene (CPP) Film Market Outlook, By Other Applications (2022-2030) ($MN) 
23 Global Cast Polypropylene (CPP) Film Market Outlook, By End User (2022-2030) ($MN)  
24 Global Cast Polypropylene (CPP) Film Market Outlook, By Food & Beverage (2022-2030) ($MN) 
25 Global Cast Polypropylene (CPP) Film Market Outlook, By Pharmaceutical (2022-2030) ($MN)  
26 Global Cast Polypropylene (CPP) Film Market Outlook, By Consumer Goods (2022-2030) ($MN) 
27 Global Cast Polypropylene (CPP) Film Market Outlook, By Textiles (2022-2030) ($MN)  
28 Global Cast Polypropylene (CPP) Film Market Outlook, By Electronics (2022-2030) ($MN)  
29 Global Cast Polypropylene (CPP) Film Market Outlook, By Other End Users (2022-2030) ($MN)  
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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