CPP Packaging Films Market
Global Market Study on CPP Packaging Films: Demand for 'Up to 18 Micron' Films to Surge across Regions
CPP Packaging Films Market Segmented By Bags and Pouches, Wraps, Lamination Packaging Type Labels for Food and Beverages, Floral, Textile, Healthcare
Newly released data from on CPP packaging films industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 3.6% in 2021 to total a market valuation of US$ 5.3 Bn.
In 2021, the U.S. market increase 2.7% year on year even after being badly hit by the COVID-19 pandemic. Across the whole of North America, total demand for CPP packaging films is expected to reach US$ 1.1 Bn in 2021, whereas, South Asia is forecasted to witness a gain of 170 BPS of its current market share by 2031.
Find Out More about the Report Coverage
- Polyplex Corporation Ltd
- American Profol, Inc.
- Uflex Ltd
- Jindal Poly Films Limited
- Copol International Ltd
- Bhineka Tatamulya Industri Pt
- Mitsui Chemicals America, Inc.
- LC Packaging International BV
- Futamura Chemical Co. Ltd
- Thai Film Industries Public Company Limited
- Oben Holding Group S.A.C.
- Taghleef Industries LLC
Key Insights Provided in CPP Packaging Films Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations
- COVID-19 Impact on CPP Packaging Films and How to Navigate
- Recommendation on Key Winning Strategies
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Sales Analysis of CPP Packaging Films from 2016 to 2020 Vs Market Outlook for 2021 To 2031
Globally, the market for CPP packaging films expanded at 4.1% CAGR from 2016 to 2020,is expected to expand at a CAGR of over 4%, wherein, countries such as Thailand, India, Indonesia, China, Malaysia, and South Korea are leading the charts with significant share in the global market.
On a global scale, cost of food & beverages has doubled in the last few years because of increasing R&D activities conducted by major players. Cast polypropylene foam is widely used in packaging as it is super-resistant to tear and punctures.
Additionally, CPP packaging films have excellent moisture and atmospheric barriers, and are being used for flexible packaging and industrial applications; for example, release liners, handle reinforcement, medical, and electronics, among others.
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Will Sales of CPP Packaging Films Gain Traction Over the Coming Years?
Known for its high gloss, great optics, excellent heat-seal performance, and outstanding barrier properties, CPP delivers a unique set of properties that are essential in the packaged food industry. CPP packaging films reduce overall packaging costs and are beneficial to manufacturers because they have excellent heat strength coupled with the property of being tear- and puncture-resistant.
The food packaging market is currently the largest application segment of the packaging industry, which accounts for more than 2/5 of the market. Various food manufacturing industries are considering CPP packaging films as an ideal food wrapping solution, as these films enable superior product presentation due to their clarity and superior printability.
Pharmaceutical and healthcare industries commonly use these films for protection against contamination and packaging of drugs. With substantial increase in the application of cast polypropylene films for confectionery packaging purposes, sales have skyrocketed.
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Why is Demand for Polypropylene from the Packaging Industry Surging?
With the ever-increasing global population, demand for ready-to-eat packaged food products is at an all-time-peak. Moreover, customers themselves are preferring packaged foods because of health and hygiene related issues.
Cast polypropylene packaging films (CPP films) are widely being used in packaging as they are super resistant to tear and puncture. Additionally, these films have excellent moisture and atmospheric barriers. Therefore, they being used for flexible packaging and also for industrial applications such as release liners, handle reinforcement, medical, and electronics.
How are Technological Advancements Driving Popularity of CPP Packaging Films?
Since 1992, Copol International Limited, a leading manufacturer of Cast Polypropylene Films (CPP Films), has successfully implemented new technological advancements in CPP packaging films, and produces “Retort Pouch Packaging”. This packaging is becoming increasingly common in North America with rising demand for “ready-to-eat” partially cooked food.
As customers are paying more attention to the convenience factor pertaining to “grab and go” products instead of buying in bulk, it results in increase in the demand for packaged foods. Moreover, excellent optics coupled with the extended shelf life without even losing product aroma and quality makes CPP packaging films all the more desirable.
What are the Roadblocks that CPP Packaging Film Suppliers Encounter?
Shifting preference toward alternative packaging materials coupled with recyclable alternatives that are given more preferences act as major roadblocks.
Across various end-use industries, consumption of multilayer films has increased. The major reason for this switch in trend from the “double- and triple-layered films” to “seven- and nine-layered films” lies in the benefits that are being offered, such as improved and increased shelf life of the product without even losing product freshness and quality, while constantly declining the probability of contamination.
Manufacturer provide various materials such as EVOH, PVDC, and PA, which are being used as barrier materials and strengthening the competition in the market. This has had a ripple effect on overall product pricing of CPP packaging films.
Why is Demand for CPP Packaging Films Surging across India?
According to Persistence Market Research analysis, the Indian packaging industry is valued at around US$ 13 Bn, which further implies the extensive usage of cast polypropylene packaging films as most of the packaging materials are abundantly available in the country in order to manufacture plastics.
CPP packaging films have been a top priority for manufacturers owing to their inherent property of having low density and highest yield of polymer. They also enhance the shelf-life of products with their moisture-barrier property.
Why are Cast Polypropylene Packaging Film Manufacturers Eyeing China to Strengthen Their Market Position?
Market value of CPP packaging films in 2021 is estimated to be around US$ 1.2 Bn in China, which directly benefits manufacturers in the country.
China has already been ahead of its game in the production of plastics and PP (polypropylene) and PE (polyethylene) due to increasing population and consumption, it is at an advantage and is gaining the attention of more manufacturers to produce CPP packaging films.
Why is Demand for CPP Packaging Films Increasing in the U.K.?
As the need for lamination has increased steadfastly, consumption has directly affected demand for CPP packaging films in the United Kingdom. Moreover, COVID-19 has brought enormous changes in the way consumers want their food to be, i.e., fully-packed and fresh without the loss of aroma. In the U.K., the market is expected to experience Y-O-Y growth of nearly 2% in 2021.
What Makes Brazil a Prominent Market for CPP Packaging Films?
The market share of CPP packaging films of Brazil is estimated to be around 53% in 2021 in Latin America. Due to rise in disposable income coupled with growing hygiene-related awareness in the region, led Brazil has become a hub for CPP packaging films suppliers.
Why is Australia Emerging as a Highly Lucrative Market for CPP Packaging Film Manufacturers?
CAGR of the market in Australia is estimated to be around 3.5%, and market value is projected to be around US$ 124.2 Mn in 2021,expected to go up to US$ 175.1 Mn by 2031.
Due to inclination of customers toward more stable, sturdy, and adaptable packaging, demand for CPP packaging films in Australia is increasing steadily.
Which Type of CPP Packaging Film Holds the Highest Market Share?
The bags and pouches segment accounted for over 30% market share of CPP packaging films in 2020. Polypropylene is a low density plastic film. Also, CPP packaging films can be thermally or ultrasonically sealed without the use of specialty coatings, which makes this segment hold the highest market share.
Which End User Holds Lucrative Avenues for CPP Packaging Film Manufacturers?
The food & beverages segment represented over 47% demand for CPP packaging films in 2020. Food deteriorates with time even with protection, and that’s where cast polypropylene film comes into the picture.
CPP packaging films serve as both, plastic and fibre. These are cost-effective, have low-density, and consist of great optical clarity, good seal strength, and are resistant to tear and punctures. This makes the F&B segment highly lucrative for manufacturers of cast polypropylene packaging films.
Why are Up to 18 Micron CPP Packaging Films Most Sought-after?
Market share of up to 18 micron CPP packaging films is expected to increase by 250 BPS from its current value share to reach close to 49% by 2031.
Thickness of up to 18 microns assures that cooked food is safe and fresh to eat, because of a strong thin material that provides it a crinky feel. Plastic manufacturers are focusing on keeping their films up to 18 microns due to the level of safety it provides, which is highly necessary, especially during the trying times of COVID-19.
Majority of companies discussed in the report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Some of the key developments and achievements are:
- 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.
- In 2018, Cosmo Films had introduced a CPP metalized film with high metal bond strength, specially designed for creating multi-layer laminate structure.
Similarly, recent developments related to companies manufacturing CPP packaging films have been tracked by the team at PERSISTENCE MARKET RESEARCH, which are available in the full report.
Historical Data Available for
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered in CPP Packaging Films Market Report
- Up to 18 Micron CPP Packaging Films
- 18 to 50 Micron CPP Packaging Films
- 50 to 80 Micron CPP Packaging Films
- Above 80 Micron CPP Packaging Films
- Bags & Pouches
By End User
- CPP Packaging Films for Food & Beverages
- CPP Packaging Films for Personal Care & Cosmetics
- CPP Packaging Films for Textiles
- CPP Packaging Films for Healthcare
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