Cast Polypropylene Packaging Films Market - Snapshot

The polypropylene film manufactured by using cast polypropylene offers outstanding transparency and external gloss. Cast polypropylene is an extraordinary material used in packaging of various products from bread to snacks and fresh produce. It is also used as a sealant film for retort and non-retort purposes. It has excellent heat sealing properties. Cast polypropylene is a low-density film with excellent tear resistance as well as impact resistance.

Key factors driving the demand for cast polypropylene packaging films across the globe are rising consumption of convenience food, high demand for packaging solutions that enhance shelf life, and growing preference for cost-effective films with a high moisture barrier. The cast polypropylene packaging films market in Asia Pacific and Middle East & Africa was promising in the past. This was attributable to rapid urbanization, growing population, and increasing disposable income of middle-class families in these regions. The outlook for the market in Asia Pacific appears promising for the forecast period also. In 2017, Polyplex Corporation Limited expanded its packaging films business in Indonesia to cater to the rising demand in the country. Other global players are also planning to expand in Asia Pacific during the forecast period.

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Rapidly increasing demand from the food & beverages industry and rising usage of bags and pouches in end-use industries are key drivers of the cast polypropylene market. Rise in the consumption of convenience food and high demand for packaging solutions that enhance shelf life are anticipated to propel the demand for cast polypropylene packaging films in the near future. Growth of textile and health care industries in developing economies is anticipated to drive the demand for cast polypropylene packaging films during the forecast period.

High preference for alternative packaging materials and fluctuating prices of resins is the key restraint of the cast polypropylene packaging films market. Increasing use of substitutes such as aluminum, PET, and BOPP products in food and packaging industries is likely to hamper the market during the forecast period. High demand for sustainable packaging from end-use industries presents key growth opportunities to the cast polypropylene packaging films market.

The cast polypropylene packaging films market has been segmented based on thickness, packaging type, and end-use. In terms of thickness, the market can be classified into up to 18 micron, 18–50 micron, 50–80 micron, and above 80 micron. Up to 18 micron was the dominant segment, accounting for over 40% of the market share in 2017. In terms of packaging type, the cast polypropylene packaging films market has been divided into bags & pouches, laminations, wraps, labels and others. Bags & pouches was the dominant segment, accounting for about 30% of the market share in 2017. Bags and pouches are widely employed in the packaging of beverages, snacks, and various other food products. Growth of this segment is directly linked to output of the food & beverages industry. The wraps segment is expected to witness significant growth in the near future, due to increase in the demand for ready-to-eat and bakery products. Suppliers of wraps, laminations, and bags and pouches made of CPP packaging films have augmented their manufacturing capacities and developed new products in response to dynamic market conditions. For example, American Profol, Inc. has developed two new pouch technologies under its CPPouch segment. It has also won ‘German Packaging Award’ in the category of 'Sustainability' for its CPPouch technology.

Demand for cast polypropylene packaging films is largely driven by rise in the output of the food & beverages industry. Growth of the food & beverages sector, particularly in Asia Pacific, is driving the demand for cast polypropylene packaging films. The floral segment is also witnessing significant growth. Also, the health care segment is anticipated to present lucrative growth opportunity to the market in the near future.

In terms of region, the global cast polypropylene packaging films market has been segregated into six regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, and Middle East & Africa. Asia Pacific witnessed the maximum demand for cast polypropylene packaging films in 2017. The region accounted for over 33% share of the global market in 2017. This is attributable to growth of food & beverages and textile sectors, changing lifestyle, and shifting of production facilities by major players to Asia Pacific due to low labor and operating costs in the region. The market for cast polypropylene packaging films in countries of Europe such as Germany, U.K., Italy, France, and the Netherlands was fragmented. However, stringent food regulations associated with raw materials used for packaging films can act as a restraint of the market in the next few years. The market in North America is expected to witness moderate growth during the forecast period. High demand in the U.S., being the leading market for CPP packaging films, is estimated to drive the cast polypropylene packaging films market in North America in the near future.

Key players profiled in the report on the global cast polypropylene packaging films market are Polyplex Corporation Limited, American Profol, Inc., Uflex Ltd., Polinas, Jindal Poly Films Limited, Copol International Ltd., PT. Bhineka Tatamulya Industri, Mitsui Chemicals America, Inc., LC Packaging International BV, Futamora Chemical Co. Ltd., Thai Film Industries Public Company Limited, Oben Holding Group S.A.C., Taghleef Industries LLC., and Schur Flexibles Holding GesmbH.

Cast Polypropylene Packaging Films Market - Overview

This report analyzes and forecasts the market for cast polypropylene packaging films at the global and regional levels. The market has been forecast in terms of value (US$ Mn) from 2018 to 2028. The study includes drivers and restraints of the global market. It also covers the anticipated impact of these drivers and restraints on the demand for cast polypropylene packaging films during the forecast period. The report also highlights growth opportunities in the global cast polypropylene packaging films market.

The report comprises detailed value chain analysis, which provides a comprehensive view of the global cast polypropylene packaging films market. The Porter’s Five Forces model has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein thickness, packaging type and end-use segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global cast polypropylene packaging films market by segmenting it in terms of thickness, packaging type, and end-use. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand for cast polypropylene packaging films in North America, Eastern Europe, Western Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for these films in individual packaging type, thickness, and end-use segments across all regions. Key players operating in the global cast polypropylene packaging films market are Polyplex Corporation Limited, American Profol, Inc., Uflex Ltd., Polinas, Jindal Poly Films Limited, Copol International Ltd., PT. Bhineka Tatamulya Industri, Mitsui Chemicals America, Inc., LC Packaging International BV, Futamora Chemical Co. Ltd., Thai Film Industries Public Company Limited, Oben Holding Group S.A.C., Taghleef Industries LLC., and Schur Flexibles Holding GesmbH. Market players have been profiled in terms of company overview, financial overview, business strategies, and recent developments.

The report provides the estimated size of the global cast polypropylene packaging films market for 2017 and forecast for the next 11 years. The size of the global market has been provided in terms of value and volume. Market numbers have been estimated based on thickness, packaging type, and end-use segments of the market. Market size and forecast for each major packaging type, thickness, and end-use segment have been provided for the global and regional markets.

In-depth interviews and discussions have been conducted with a number of key market participants and opinion leaders to compile this research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various end-use industries have been reviewed for competition analysis and market understanding. Secondary research also includes search of recent trends, trade publications, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proved to be a reliable, effective, and successful approach for obtaining precise market data, capturing market participants’ insights, and recognizing growth opportunities.

The global cast polypropylene packaging films market has been segmented as follows:

Global Cast Polypropylene Packaging Films Market, by Thickness

  • Up to 18 Micron
  • 18–50 Micron
  • 50–80 Micron
  • Above 80 Micron

Global Cast Polypropylene Packaging Films Market, by Packaging Type

  • Bags & Pouches
  • Laminations
  • Wraps
  • Labels
  • Others

Global Cast Polypropylene Packaging Films Market, by End-use

  • Food & Beverages
  • Floral
  • Textile
  • Health Care
  • Others

Global Cast Polypropylene Packaging Films Market, by Region

  • North America
    • U.S.
    • Canada
  • Western Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • BENELUX
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • North Africa
    • GCC
    • Rest of Middle East & Africa

Key Takeaways

  • An extensive analysis of the global cast polypropylene packaging films market trends from 2018 to 2028 to identify growth opportunities and analyze market developments
  • A list of key developments made by key players in the global cast polypropylene packaging films market
  • A list of key factors useful for building a roadmap of upcoming opportunities in the cast polypropylene packaging films market at the global, regional, and country levels
  • Comprehensive analysis with respect to investments and price trends that would impact the outlook for the global cast polypropylene packaging films market between 2018 and 2028
  • The report provides insights into growth opportunities for various stakeholders in the market value chain and a detailed competition landscape of key players in the market to help understand the competition level
  • Porters’ Five Forces highlight the potency of buyers and suppliers and enable stakeholders to make profit-oriented business decisions.
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