Cast Polypropylene Packaging Films Market Size, Share, & COVID-19 Impact Analysis By Product Type (General, Metalized, Retort, and Others), By Application (Food & Beverages, Agriculture, Consumer Goods, Pharmaceutical, Industrial, and Others), and Regional Forecast, 2024-2032

Cast polypropylene films are manufactured from various grades of polypropylene polymer. The CPP films have high clarity & gloss, seal strength, and better resistance to impacts and low temperatures. Due to these features, CPP films have numerous uses in the different end-use industries, which help boost the growth of the cast polypropylene packaging films market. The CPP films protect against contamination, which has led to a surge in their use in the packaging of drugs and medical products, thriving the growth of this market.

Due to their flexibility, cast polypropylene packaging films have earned popularity over the past couple of years. According to Flexible Packaging Association, the flexible packaging industry had USD 33.6 billion in sales in the U.S. in 2019 and was the second-largest packaging segment in the U.S. Due to their flexibility, the augmenting demand and sales of flexible packaging will bolster the growth of cast polypropylene packaging films.

CPP films are generally transparent and glossy, which gives the packaging a shiny effect, attracting more customers and increasing the use of these films in the retail industry. The growing use of CPP films in packaging processed and packed food is driving the growth of the cast polypropylene packaging films market. Furthermore, the high barrier to oxygen and robustness has surged the use of CPP films in the agriculture sector, thus thriving the growth of this market.

The presence of alternative substitutes such as BOPP (Biaxially-Oriented Polypropylene), PET (Polyethylene terephthalate), and aluminum and their increasing use is hampering the growth of the cast polypropylene packaging films market. Furthermore, the need for more equipment and technologies for recycling CPP films and the augmenting demand for sustainable packaging is restricting the growth of this market.

IMPACT OF COVID-19 ON THE CAST POLYPROPYLENE PACKAGING FILMS MARKET

The COVID-19 outbreak had mixed impacts on the cast polypropylene packaging films market due to the high demand from the pharmaceutical, healthcare, and food & beverage industries. These industries were mainly unaffected by the pandemic and helped this market to grow even in the most uncertain period. Numerous beneficial properties provided by CPP film packaging favored the growth of this market. However, the increase in e-commerce activities post-pandemic is accelerating the cast polypropylene packaging film market's growth.

SEGMENTATION

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Cast Polypropylene Packaging Films Market


• Key Industry Trends


• Regulatory Landscape for the Cast Polypropylene Packaging Films Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into general, metalized, retort, and others. The general cast polypropylene packaging films dominate the cast polypropylene packaging films market. The general CPP films have a high puncture and tear resistance and offer a good moisture barrier, augmenting the segment’s growth. Moreover, the numerous application in many end-use industries is also thriving in the growth of this segment. 

ANALYSIS BY APPLICATION

Based on application, the market is segmented into food & beverages, agriculture, consumer goods, pharmaceutical, industrial, and others. The food & beverage segment holds the largest market share in the cast polypropylene packaging films market. The rising consumption of convenience food and the high demand for packaging solutions that offer longer shelf life are fuelling the growth of this segment.

REGIONAL ANALYSIS

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The cast polypropylene packaging films market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the leading region of the cast polypropylene packaging films market. This region's growth is attributed to the well-established textile industries and the surging number of other industries. North America is the fastest-growing region due to increasing demand for CPP films in the food & beverage and pharmaceutical industries. The Europe market is expected to grow significantly due to the rising trend of flexible packaging. Latin America is anticipated to grow at a moderate rate due to the increasing disposable income of people and the surging number of online food outlets. The Middle East & Africa is anticipated to witness steady growth. The shifting preferences of people toward packed food and the growing influence of the western culture on the younger generation is expected to accelerate the growth of this region.

KEY PLAYERS COVERED

The report will include profiles of key players such as Innovia Films, Polyplex, Profol GmbH, Uflex Ltd., Copol International Ltd., Mitsui Chemicals America, Inc., Thai Film Industries Public Company Limited, Futamora Chemical Co. Ltd., Rahil (CPP) Films Private Limited, Cosmo Films, among others.

KEY INDUSTRY DEVELOPMENTS:

• March 2022 - Cosmo Films Ltd., one of the global leaders in specialty films for flexible packaging, launched white CCP (Cast Polypropylene) Film. These films have a high COF (Coefficient of Friction) and seal strength of around 1,800 gf/inch. These films also resolved the issues of inter-layer slippage.


• January 2020 - Coveris launched its CPP films' high-performance and sustainable version. These films are stiffer than the previous ones and have high transparency for better shelf appeal. Films are available for both food and non-food products.


• April 2019 - Cosmo Films launched cast polypropylene (CPP) film for packaging applications that require a high oxygen barrier, high moisture, and high hot tack properties. The films were well-tested for cookies & crackers, biscuits, and snack food applications.