Cast Polypropylene (CPP) Packaging Films Market Outlook 2031
The global cast polypropylene (CPP) packaging films market size was USD 55 million in 2022 and is likely to reach USD 78 million by 2031, expanding at a CAGR of 4% during 2023–2031. The market growth is attributed to the increasing adoption of CPP tapes in a wide range of applications.
The market growth is driven by the rapid adoption of CPP films in various applications such as cold lamination for the replacement of polyethylene. These films offer advanced heat-sealing properties and have better low-temperature functionalities, than other alternatives. Furthermore, several properties of CPP are beneficial for several applications, thus its demand is expected to be high in the coming years. For instance,
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In 2021, Coveris introduced a flexible, high-performance, and sustainable CPP film with high stiffness for external damage prevention. The product has the ability to withstand shrinking at high temperatures such as 0% at 150°C.
The market report states that the COVID-19 pandemic had a considerably propel the global cast polypropylene (CPP) packaging films market. This was due to the rising demand for CPP from various end-users including food & beverages, healthcare, and pharmaceutical.
Moreover, the evolving e-commerce industry during the pandemic boosted the demand for medical supplies and food delivery services, which in turn, fuels the demand for CPP films and drives the market.
Cast Polypropylene (CPP) Packaging Films Market Dynamics
Major Drivers
Rising consumer demand for e-commerce and online food delivery services is boosting the market. These services require well-packed, easy-to-transport, and reliable packaging, thus these industries are adopting CPP films for packaging, which is increasing its demand around the world. Additionally, government initiatives taken to promote recyclable and sustainable packing techniques are expected to propel the market during the assessment period.
Existing Restraints
Requirement of high investments and high maintenance costs of business operations for the market companies is expected to affect the market growth. Volatility in the availability of raw materials required for manufacturing CPP films is expected to hamper the market. Additionally, increasing number of regulations on packaging industries for the concern of excess waste production is projected to restrain the market during the forecast period.
Emerging Opportunities
Increasing applications of packaging films in healthcare and pharmaceutical industries, increases the demand for CPP films around the world, thereby creating lucrative opportunities for the key players in the market.
Additionally, many major players are focusing on investing in R&D activities for their businesses, keeping in mind consumer demand and convenience. Moreover, companies are adopting growth strategies such as collaborations, acquisitions, and certifications, to have a competitive edge in the market, which is further creating lucrative opportunities in the market.
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On January 28, 2021, DIC CORPORATION collaborated with Jindal Poly Films Limited, an India-based major biaxial-oriented polypropylene manufacturer. The companies collaborated to develop functional cast polypropylene film in India.
Scope of Cast Polypropylene (CPP) Packaging Films Market Report
The report includes an assessment of trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Cast Polypropylene (CPP) Packaging Films Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Type (Laminations, Bags & Pouches, Wraps, Labels, and Others), Packaging Type (Retort CPP Films, General CPP Films, Metalized CPP Films, and Others), and End-user (Food & Beverage, Textile, Healthcare, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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3B Films Pvt. Ltd; Alpha Marathon Film Extrusion Technologies Inc.; CCL Industries; Cosmo Films; Coveris; DIC CORPORATION; International Safe Transit Association; Jindal Poly Films Limited; Profol GmbH; and Taghleef Industries
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Cast Polypropylene (CPP) Packaging Films Market Segment Insights
Product Type Segment Analysis
Based on product type, the CPP packaging films market is divided into laminations, bags & pouches, wraps, labels, and others. The bags & pouches segment is expected to expand at a major pace during the projection period, owing to its high demand and use in food & beverage packaging.
These pouches and bags are transportable and any stuff can be easily carried in them, which improves user experience and convenience thus, driving the segment. Furthermore, a surging number of product launches and product innovations are driving the segment. For instance,
The wraps segment is anticipated to account for a significant share of the market during the forecast period, due to its high usage rate among bakery and ready-to-eat food industries. The wraps prevent bacterial contact and act as a barrier between the materials and the external environment. These factors are expected to drive the demand for the CPP wraps around the world, and thus propelling the segment.
Packaging Type Segment Analysis
On the basis of packaging type, the global market is segregated into retort CPP films, general CPP films, metalized CPP films, and others. The general CPP films segment is projected to register a considerable CAGR during the forecast period, as they offer high visible clarity and give a glossy aesthetic appeal to the products. Furthermore, they are ideal for sticker adhering and facilitate printing facilities. They offer a high seal strength, which in turn, drives the segment.
The metalized CPP films segment accounts for a significant market share, as they are increasingly being used in product labels, wraps, and pouches. Metal films increase the shelf life of the products, which helps in preserving the quality of the product for a long duration. Moreover, these films offer a good visual appearance and offer tamper-free and effective packaging, which is in turn, is driving the segment.
End-user Segment Analysis
On the basis of end-user, the CPP packaging films market is segmented into food & beverage, textile, healthcare, and others. The food & beverage segment is expected to register a robust pace during the projection period, owing to the rise in the number of food & beverage outlets. Many consumers prefer convenient food packaging in order to carry food easily, thus the companies are adopting CPP product ranges to pack effectively. This propels the demand for several CPP products such as wraps, films, pouches, and bags, which in turn, boosts the segment.
The healthcare segment is expected to hold a significant share of the market, due to the rising adoption of CPP packaging films in the effective covering of tablets, capsules, and other medicines and medical devices. Cleanliness and sanitization are integral in healthcare facilities, thus manufacturing companies catering to healthcare and pharmaceutical industries use CPP films to protect the products from any contamination and offer quality products. This factor is projected to boost the segment.
Regional Outlook
In terms of region, the global CPP packaging films market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period, due to the emerging food & beverage and overall packaging industries in the region. Additionally, many key players are focusing on implementing their business operations in countries such as China, India, and Thailand, thus, fueling the market in the region.
The market in Europe is anticipated to expand at a rapid pace during the forecast period, due to the surging demand for packaging films in countries such as the UK, France, and Germany. Moreover, consumers in the region prefer ready-to-eat food and consumables are easy to carry on, thus the demand for packaging film products is high among hotels, cafes, and restaurants. This propels the market in the region.
Segments
The cast polypropylene (CPP) packaging films market has been segmented on the basis of
Product Type
- Laminations
- Bags & Pouches
- Wraps
- Labels
- Others
Packaging Type
- Retort CPP Films
- General CPP Films
- Metalized CPP Films
- Others
End-user
- Food & Beverage
- Textile
- Healthcare
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 3B Films Pvt. Ltd
- Alpha Marathon Film Extrusion Technologies Inc.
- CCL Industries
- Cosmo Films
- Coveris
- DIC CORPORATION
- International Safe Transit Association
- Jindal Poly Films Limited
- Profol GmbH
- Taghleef Industries
Competitive Landscape
Key players operating in the global cast polypropylene (CPP) packaging films market include 3B Films Pvt. Ltd; Alpha Marathon Film Extrusion Technologies Inc.; CCL Industries; Cosmo Films; Coveris; DIC CORPORATION; International Safe Transit Association; Jindal Poly Films Limited; Profol GmbH; and Taghleef Industries.
These companies adopt strategies such as acquisitions, partnerships, collaboration, mergers, R&D investments, and product launches to boost their market share. For instance,
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On March 2, 2022, Cosmo Films launched a white cast polypropylene film that has a high coefficient of friction. The film offers uniform sealing over the area of the product and promotes anti-interlayer slippage.
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