Cast Polypropylene Packaging Films Market Forecasts to 2028 – Global Analysis By Product Type (General, Retort), Packaging Type (Wraps, Labels), Thickness (18–50 Micron, 50–80 Micron), Application (Healthcare, Floral) and By Geography
According to Stratistics MRC, the Global Cast Polypropylene Packaging Films Market is accounted for $1.00 billion in 2020 and is expected to reach $2.08 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Growing demand for packaging solutions that improve shelf-life, rising preference for cost-effective films with a high vapor barrier, and increasing expenditure on pre-prepared food are the major factors propelling the market growth. However, factors such as introducing new alternatives of cast polypropylene packaging films and fluctuating prices of resins are hampering the market growth.
Cast polypropylene is a low-density film with outstanding tear resistance and also impact resistance. It is also used as a sealant film for retort and non-retort purposes. Moreover, it has excellent heat sealing properties. It is used as a packaging material to increase the shelf life of products such as food, apparel, cosmetics, pharmaceutical, and others. It offers external gloss and excellent transparency.
Based on the packaging type, the bags & pouches segment holds the largest share in the market during the forecast period. They are extensively employed in the packaging of beverages, snacks, and various other food products. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the development of textile sectors, changing lifestyle and growth of food & beverages industry.
Some of the key players profiled in the Cast Polypropylene Packaging Films Market include Alpha Marathon, American Profol, Inc., Copol International Ltd., Futamora Chemical Co. Ltd. Hubei Huishi, Jindal Poly Films Limited, LC Packaging International BV, Manuli Stretch, Mitsui Chemicals America, Inc., Oben Holding Group S.A.C., Polinas, Polyplex Corporation Limited, Profol Group, PT. Bhineka Tatamulya Industry, Schur Flexibles Holding GesmbH, Shanxi Yingtai, Taghleef Industries LLC., Thai Film Industries Public Company Ltd., Uflex Ltd., and Panverta.
Estimated Market Size in 2020:
USD 1.00 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2.08 billion
Tables, Graphs & Figures
Product Type, Packaging Type, Thickness, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Product Types Covered:
• General CPP Films
• Retort CPP Films
• Metalized CPP Films
Packaging Types Covered:
• Bags & Pouches
• Up to 18 Micron
• 18–50 Micron
• 50–80 Micron
• Above 80 Micron
• Food and Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 2025, and 2028
- 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
Key Questions Answered In The Report
The Global Cast Polypropylene Packaging Films Market is majorly driven by the growing demand for packaging solutions that improve shelf-life and the rising preference for cost-effective films with a high vapor barrier.
The bags & pouches segment is growing at the highest CAGR due to it being widely employed in the packaging of beverages, snacks, and various other food products.
The Asia Pacific dominated with a significant market share due to the availability of raw materials, rising urbanization, and an ever-rising population.
Asia Pacific market is growing at the highest CAGR due to the increasing demand for ready-to-eat and easy-to-carry food and rising personal disposable income.
Key players in Cast Polypropylene Packaging Films Market include Alpha Marathon, American Profol, Inc., Copol International Ltd., Futamora Chemical Co. Ltd. Hubei Huishi, Jindal Poly Films Limited, LC Packaging International BV, Manuli Stretch, Mitsui Chemicals America, Inc., Oben Holding Group S.A.C., Polinas, Polyplex Corporation Limited, Profol Group, PT. Bhineka Tatamulya Industry, Schur Flexibles Holding GesmbH, Shanxi Yingtai, Taghleef Industries LLC., Thai Film Industries Public Company Ltd., Uflex Ltd., and Panverta.
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