CPP Packaging Films Market Segmented By Bags and Pouches, Wraps, Lamination Packaging Type Labels for Food and Beverages, Floral, Textile, Healthcare
Industry: Consumer Goods
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 300
Report ID: PMRREP22993
According to Persistence Market Research, the CPP packaging films market generated a revenue of US$ 5,553.0 Mn in 2022. The demand for CPP packaging films will accelerate, with the top market players holding a prominent share of the market in 2022. The global market for CPP packaging films is expected to reach US$ 8,748.2 Mn by 2033, growing at a ~4.2% CAGR from 2023 to 2033.
Attribute |
Details |
---|---|
Global CPP Packaging Films Market Size (2022A) |
US$ 5,553.0 Mn |
Global CPP Packaging Films Market Size (2023E) |
US$ 5,785.7 Mn |
Projected CPP Packaging Films Market Value (2033F) |
US$ 8,748.2 Mn |
Value CAGR (2023-2033) |
~4.2% |
Collective Value Share: Top 3 Countries (2022) |
~20-25% |
CPP film is in high demand because it offers more enticing packaging than polyethylene in a number of applications. Twist wrap hop and cold application lamination are the two most popular CPP film types. CPP offers superior heat-sealing capabilities compared to BOPP and functions better in low conditions. The rip and impact resistance are also greater. There are several varieties of CPP films available according on the necessity and intended usage, including general CPP, retort grade CPP, metalized CPP, solid white CPP, and many more.
CPP films are utilized in the healthcare and pharmaceutical sectors for the long-term preservation of drugs in addition to being employed in the packaging of other consumer items. These applications include side-weld seal bags, flower and twist wraps, multi-layered laminations, stand-up re-closable pouches, and bags with many layers. This is done in order to prevent contamination while utilizing CPP films.
Aside from that, CPP packaging films are utilized in flexible packaging and industrial applications including release liners, handle reinforcement, medical, and electronics because they provide superior moisture and atmospheric barriers.
Many more unique growth factors have been thoroughly examined, and Persistence Market Research's study also includes a full assessment of some of the significant difficulties for CPP packaging films.
The study also contains a detailed regional analysis, which shows that Europe controls the majority of the market for CPP packaging films. The study also provides a comprehensive COVID-19 impact analysis to help readers make well-informed business decisions for the present and future.
Between 2017 and 2022, demand for CPP packaging films recorded a 4.0% rise. CPP packaging films are advantageous to producers because they offer exceptional heat strength along with the ability to withstand tears and punctures. They also lower total packaging costs. Products that make product packaging procedures simpler and more environmentally friendly are in greater demand.
Demand for packaged foods that are ready to eat is at an all-time high due to the growing world population. Additionally, due to concerns about sanitation and health, consumers themselves prefer packaged meals.
Because they are extremely resistant to tearing and puncture, cast polypropylene packaging films (CPP films) are used extensively in packing. These coatings also function well as air and moisture barriers. As a result, they are employed in industrial applications including release liners, handle reinforcement, medical, and electronics as well as flexible packaging.
Massive online marketing campaigns and promotions reflect the restructured retail environment, where e-Commerce and technical behemoths have altered consumer purchasing habits and the retailing arena. The online retailing industry is expanding, which has resulted in a growth trajectory for consumer goods packaging products. Online retailing is more convenient for both buyers and merchants.
The online channel is a place where all businesses house their items with easy segmentation for clients to find the best product. Online sites also allow clients to compare the characteristics they have customized. Furthermore, user reviews are provided to help future customers comprehend the product feedback.
Manufacturers of CPP packaging films are working tirelessly to create production systems that are more effective and can produce more CPP film in a shorter amount of time as the demand for the product grows. At that time, the MasterCast by SML films CPP film line, the largest in the world, was created. The producer has been concerned about product positioning and customer-specific category specification. The use of the product, however, is just introducing advanced packaging procedures, which is causing a rise in the demand for the product among consumers.
The focus of the major market participants is on manufacturing metalized and laminated films, with a maximum film width of up to 5200mm. A maximum gross production of 2300 mg/hr is expected from the line. The multiple film layers may be controlled with a lot of versatility as well. For instance, MasterCast's ability to create CPP films allows for the optimization of the sealing and metallization layer, which increases the layer's effectiveness dramatically.
Consequently, it will be possible to cut the price of raw materials, use less energy, and minimize labour expenditures. The large-scale, cost-effective manufacturing of CPP film lines will be boosted by this new technical development by MasterCast.
High barrier films are becoming more popular as a result of growing demand for flexible packaging solutions. The rivalry in the market for cast polypropylene films has increased as manufacturers provide a variety of materials, including PVDC, EVOH, and PA, which are utilized as barriers. High-barrier coatings are being employed nowadays, along with a number of different packaging materials. To give the packed goods more protection, some manufacturers combine high barrier films with high barrier coatings.
Furthermore, Market expansion will be hampered by increased government regulations on the use of plastic as a packaging material, stricter government regulations regarding volatile organic compound (VOC) emissions, and increasing enforcement of strict environmental regulations imposed on the industries regarding the packaging waste generated. The demand for and supply of packaging solutions have been impacted by additional factors, such as the expansion of restrictions brought on by the pandemic. The market will also be harmed by fluctuations in the cost of crude oil and other raw materials. Thus, it will be more challenging to increase the market's growth rate.
Why Sales in the U.S. Market are increasing?
The U.S. registered a market value share of ~ 15.3% in global market in 2020.
In recent years, manufacturers in U.S. have started to develop cast polypropylene film with robust seal performance. CPP films used to addressing different types of packaging needs and exhibiting superior sealing functionality. Shelf life of any product is a major factor for end users while selecting packaging films and corresponding compatible equipment.
Further, the market for packaged foods with a focus on shelf life extension is expanding due to the rising dominance of big retail chains in developed and developing national markets, which benefits demand for cast polypropylene film.
How is the U.K. Market Proliferating?
The U.K. market is expected to grow at a CAGR of 3.0% during 2023 to 2033. The evolving customer preference for multilayer CPP films is driving the market for packaging goods in the UK. Additionally, COVID-19 has brought about significant changes in how consumers expect their food to be prepared, i.e., fully-packaged and fresh without sacrificing product quality.
Multilayer film usage has rapidly risen in a number of end use sectors. The benefits they offer, such as increased shelf life without compromising product quality and scent, while dramatically lowering possibilities of contamination, are the main cause for this shift in trend from two to three stacked films to seven to nine layered films.
Will China’s Regional Brands Maintain their Dominance in the Market?
China is expected to register a CAGR of 5.6% throughout the forecast period.
Due to rising population and consumption, China has already been a leader in the manufacturing of plastics, including PP (polypropylene) and PE (polyethylene). As a result, it is drawing the interest of more manufacturers to develop CPP packaging films.
How is India CPP Packaging Films Faring in Current Scenario?
India is expected to grow at a CAGR of 6.3% during 2023 to 2033. With the widespread adoption of natural and enviro-friendly packaging products and continuous innovation packaging products. Along with continual development and demand for desirable, new and different properties and characteristics of film types has come the creation of new polymers to fulfill these needs.
Companies are creating unique products with natural raw material to cater to this underserved market, which is anticipated to increase demand for CPP packaging films market in the near future.
Which Type of CPP Packaging Film Dominates the Market?
The market of CPP packaging films has a significant demand for the bags and pouches segment based on packaging and value. The primary component used is production of pouches and bags is a CPP packaging film. Pouch films are sometimes also considered as doy-packs, upright bags or plastic pouches. These bags are sturdy and powerful enough to shield the contents from any physical and environmental dangers while being transported from one place to another.
Besides, bags and pouches category is expected to register a market value share of 30%. Intensifying research and development efforts are being made by several significant market participants in order to provide quality CPP packaging films products. Sales of CPP packaging films are increasing as a result of increased product developments that foster a fiercely competitive industry.
Why Up to 18 Micron CPP Packaging are Films Most Sought-after?
CPP films used in packaging of foods or other products comes up to 18 microns which assures that cooked food is safe and fresh to eat, because of a strong thin material that provides it a crinky feel. Due to the level of safety it offers, which is extremely important, particularly during the challenging times of COVID-19, plastic manufacturers focused on keeping their films up to 18 microns. Even so, it comes with many benefits like low production cost, good transparency, wide range of colors, and high printability.
As a result, the consumer's buying behavior have changed, thus the market's manufacturers are concentrating on offering cutting-edge CPP packaging films with up to 18 microns thickness at reduced rates. Up to 18 Micron CPP packaging films in terms of thickness segment is expected to grow at a rate of 4.6%.
On a global level, the market for CPP packaging films is moderately competitive, with many producers competing for market supremacy. CPP packaging films have experienced a number of expansion strategies used by market rivals during the past few years, including acquisitions, mergers, and partnerships.
Manufacturers are also using sustainability as a strategy to expand their market share. As more consumers choose businesses with a green label and charitable undertakings, marketing strategies and brand habits are anticipated to change in favor of eco-friendly goods, boosting product sales.
Attribute |
Details |
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Forecast Period |
2023-2033 |
Historical Data Available for |
2017-2022 |
Market Analysis |
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Key Regions Covered |
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Key Countries Covered |
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Key Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
By Thickness
By Packaging Type
By End Use
By Region
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The global CPP packaging films market was valued at US$ 5,553.0 Mn as of 2022.
CPP packaging films are projected to increase at 4.2% CAGR and is expected to be valued at around US$ 8,748.2 Mn by 2033 end.
American Profol Inc., Uflex Ltd., Jindal Poly Films Ltd., Copol International Ltd., Bhineka Tatamulya Industri Pt, Mitsui Chemicals America, Inc., LC Packaging International BV, Futamura Chemical Co. Ltd., Oben Holding Group S.A.C., Taghleef Industries LLC, Schur Flexibles Holding GesmbH, Coveris, Manuli Packaging (UK) Ltd., and Hiper Cast GmbH among others.
Top 5 countries driving most of the demand for CPP packaging films are the U.S., Germany, India, China, and GCC Countries.
China, U.S., France and Germany are major producers and exporters of CPP packaging films.