Cast Polypropylene (CPP) Films Market Analysis

Cast Polypropylene Films Market Analysis

Metallic CPP films will showcase significant growth of around 5.5% CAGR from 2021 to 2027 owing to excellent seal strength and good moisture barrier properties of the material. Metallic CPP films have good gas & moisture barrier properties, which make them suitable in several food packaging applications. Furthermore, the development of new metallic films for food packaging applications will drive the growth of cast polypropylene films market segment over the forecast timeframe. The product has a good metal bond strength of around 450 gm/inch and is available in the standard 20 – 30-micron thickness range.
 

20 – 30-micron thickness CPP films dominated the market with around 51% volumetric shares in 2020 and are expected to hold dominance over the projected timeframe. This thickness in PP cast films is widely used in food & beverage packaging and is likely to exhibit higher growth owing to the rising food & beverages sector in Asia Pacific. The high flexibility of the product makes it more suitable for food packaging and other applications.
 

The food & beverages segment accounted for the largest chunk in the market, which has resulted in high demand for 20 - 30-micron thick CPP films throughout the study timeframe. Additionally, low cost and easy availability of the product will further fuel the cast polypropylene films market share in the coming years.
 

The textile application will showcase considerable growth and generate around USD 71 million in revenue in 2020. Increasing population, rising disposable incomes, and rapid urbanization in emerging economies, such as China, India, and Brazil and rising number of supermarkets and retail outlets in these countries is expected to drive the textile demand. This healthy growth in the textile industry will positively impact the cast polypropylene films market sales over the forecast period.
 

The North America cast polypropylene films market is projected to grow at a CAGR of around 2.9% during the forecast period. The rising food packaging industry owing to high per capita incomes, fast-moving lifestyles, and high working population in the region are some of the major attributes contributing to the regional growth. Additionally, increasing agricultural exports from the region will further support the consumption of CPP cast films. Advancements in technology and public & private sector investments in research are aiding the agricultural output in the region.