Global cast polypropylene film market value in the year 2021 was USD1.95 billion and it is projected to register CAGR growth over 6% during the forecast years, 2023-2027, on the account of growth factors like rising demands for flexible & safe packaging of food & beverages. The market volume was about 750 thousand tonnes that is projected to grow further due to growing advancement in the packaging & storage of the eatables. High transparency of the cast polypropylene film against mLLDPE and LDPE along with the excellent heat-sealing performance is anticipated to increase the demands for cast propylene film thus further driving the growth of the global cast polypropylene film market in the upcoming five years.
Cast propylene films are packaging material formed in thin films that is low cost thermoplastic which provides high clarity, high gloss, and excellent tensile strength. Due to its high melting point the films are more resistant to impact and high temperatures. Further added advantages of the material include high moisture barrier, dimensional stability, and printability that adds to the shelf life of the products such as food, apparel, cosmetics, pharmaceuticals, etc. With growing demand for environment friendly, safe use, recyclable packaging materials, the cast polypropylene films satisfy the consumer demands as well as the safety standards for packaging & storage.
End Use Industrial Demands Drive Market Growth
Increasing demands from the end use industries like the food & beverage industry, cosmetic industry, healthcare industry, textile industry etc. for the longer shelf life & safety of the packaged products, along with efficient packaging material, is driving the growth of the global cast propylene film market in the upcoming five years. High melting point of the CPP material that is about 160
Environment friendly advantages of the material further aids the growth of the market by surging the demands and validating its uses. Further evolution of the material is carried out by melt-mixing and extruding a base resin that has rubber content of 18% - 22% by weight and elastic base resin containing 68% - 72% CPP film for packaging that enhances the impact resistance and heat resistance.
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Market Segmentation
The global cast polypropylene film market segmentation is based on thickness, type, packaging type, end use industry, regional distribution, and competitive landscape. Based on thickness, the market is further segmented into up to 18 micron, 18-50 micron, 50-80 micron, and above 80 micron. By type, the market is fragmented into transparent, white heat sealable, metallized heat sealable, and others. Based on packaging type, the market is sub-segmented into bags and pouches, wraps, lamination, labels, and others. By end use industry, the market is bifurcated into food and beverages, floral, textile, and healthcare.
Company Profile
Polyplex Corporation Ltd., American Profol Inc., Uflex Ltd., Polinas, Jindal Poly films Limited, Copol International Ltd., PT. Bhineka Tatamulya Industri, Mitsui Chemicals, LC Packaging International PV, Futamore Chemical Co Ltd., Thai Film Industries Public Company Ltd., Oben Holding Group S.A.C, Taghleef Industries LLC, Schur Flexible Grou, Cosmo Films Ltd, are enlisted in a partial list of major market players of the global cast polypropylene film market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Thickness
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Type
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Packaging Type
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End Use Industry
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle
East & Africa
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Country scope
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United States, Mexico, Canada, China, India, Japan, South
Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South
Africa, UAE, Saudi Arabia, Kuwait, Brazil, Argentina, Colombia.
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Key companies profiled
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Polyplex Corporation Ltd., American Profol Inc., Uflex Ltd.,
Polinas, Jindal Poly films Limited, Copol International Ltd., PT. Bhineka
Tatamulya Industri, Mitsui Chemicals, LC Packaging International PV, Futamore
Chemical Co Ltd., Thai Film Industries Public Company Ltd., Oben Holding
Group S.A.C, Taghleef Industries LLC, Schur Flexible Grou, Cosmo Films Ltd
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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