Cast Polypropylene (CPP) Films Market Size

Cast Polypropylene Films Market Size

Global Cast Polypropylene (CPP) Films Market size was valued at USD 1,359.4 million in 2020 and will showcase a growth rate of around 4.9% CAGR from 2021 to 2027 owing to the rising demand for flexible packaging from the food & beverages sector and growing flexible packaging sector along with rising demand for CPP films from the medical & pharmaceutical industries across the globe.

A cast polypropylene film is produced from various grades of polypropylene polymers. It is produced using cast technology without bi-axial orientation and is cost-effective, high-performance, low-density & transparent cast unoriented polypropylene film. CPP films are widely used in the packaging sector owing to the several benefits offered by these films including good seal strength, optical clarity & gloss, goof moisture barrier, and low static properties, among others.

To get key market trends

  Download Free Sample

Food & beverage is a key application sector of cast unoriented polypropylene films across the region. The proliferating flexible packaging industry owing to growing demand from the food & beverages sector will drive the CPP demand over the forecast timeframe. The increasing demand for packaged food owing to changing lifestyles and increasing disposable incomes in emerging economies will drive the demand for packed food over the study timeframe. These robust growth indicators in the flexible packaging sector will subsequently boost the cast polypropylene films market share.

Rising demand for stationery owing to the growing educational sector and start-ups across the globe will further drive the global CPP films market. According to the National Association of Software and Service Companies (NASSCOM), India is the third-largest start-up ecosystem across the globe and in 2019, the country witnessed an addition of over 1,300 start-ups. CPP films are used in a wide range of office supplies such as folders, semi-rigid packaging products, etc. Stationery products require high clarity and CPP films fulfill this requirement in a cost-effective way.

Ongoing R&D activities to develop advanced CPP films, which are 100% recycled and will support the circular economy, will further showcase considerable growth over the forecast timeframe. For instance, in January 2020, Coveris introduced a CPP film for the packaging of food, pet food, and non-food products, The new material is a recyclable shrink film, i.e., 100% recycled, and will showcase the company’s goal to deliver recyclable flexible packaging solutions. Such recycle packaging solutions are gaining popularity owing to rising environmental awareness and stringent material waste regulations in developed regions across the globe.