Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "CPP Packaging Films Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
The CPP packaging films market is witnessing substantial growth, with a revenue of US$ 5.94 billion forecast in 2024. The market is poised to maintain this upward trajectory, with top players commanding a significant market share in 2024. The global CPP packaging films market is projected to reach a valuation of US$ 8,299 million by 2031.
Key Market Insights:
CPP Films for Superior Packaging:
- CPP (Cast Polypropylene) films are in high demand due to their ability to provide attractive packaging solutions across various applications.
- Twist wrap hop and cold application lamination are among the popular CPP film types known for their superior heat-sealing capabilities, especially in low-temperature conditions.
- The CPP film market offers diverse product variations, including general CPP, retort grade CPP, metalized CPP, solid white CPP, and more, catering to various requirements.
Applications Across Industries:
- CPP films are widely used in the healthcare and pharmaceutical sectors for the long-term preservation of drugs and other consumer products.
- Applications include side-weld seal bags, flower and twist wraps, multi-layered laminations, stand-up re-closable pouches, and multi-layered bags, ensuring product integrity and contamination prevention.
- Additionally, CPP packaging films are used in flexible packaging and industrial applications for their superior moisture and atmospheric barrier properties.
Market Drivers and Challenges:
Increasing Popularity of Online Retailing:
- The online retailing industry's expansion has positively impacted the CPP packaging films market, driven by convenience for both consumers and merchants.
- Online platforms offer easy product segmentation, customization options, and user reviews, facilitating informed purchasing decisions.
Product Innovation and Sustainability:
- Manufacturers are continuously innovating in CPP film production to meet rising demand efficiently.
- Sustainability is a key focus, with the development of biodegradable and eco-friendly CPP films to reduce environmental impact.
Challenges in the Market:
- High barrier films, such as PVDC, EVOH, and PA, are gaining popularity, intensifying competition.
- Government regulations on plastic usage and environmental concerns pose challenges to market expansion.
- Volatile organic compound (VOC) emissions regulations and shifting consumer preferences impact the market.
Country-wise Analysis:
United States:
- Manufacturers in the U.S. are developing robust CPP films with excellent seal performance, catering to the demand for longer shelf life in packaged foods.
- The market benefits from the growing dominance of big retail chains and the focus on shelf life extension in packaged goods.
United Kingdom:
- The U.K. market sees growing customer preference for multilayer CPP films, driven by consumer demand for organic and natural products with extended shelf life.
- Multilayer films offer enhanced protection, freshness, and reduced contamination risks.
China:
- China, a leader in plastics manufacturing, is attracting more manufacturers to develop CPP packaging films due to its growing population and consumption.
India:
- India's CPP packaging films market is growing, driven by the adoption of natural and eco-friendly packaging products.
- Companies are focusing on unique products with natural raw materials to cater to the rising demand.
Competitive Landscape:
- The global CPP packaging films market is moderately competitive, with various manufacturers vying for market dominance.
- Market players are adopting strategies such as acquisitions, mergers, and partnerships to expand their market share.
- Sustainability initiatives and eco-friendly products are becoming key drivers of consumer preferences.
Key Companies Profiled:
- Polyplex Corporation Ltd
- American Profol, Inc.
- Uflex Ltd.
- Polinas Plastik Sanayi ve Ticaret A.S
- Jindal Poly Films Limited
- Copol International Ltd
- Bhineka Tatamulya Industri Pt
- Mitsui Chemicals America, Inc.
- LC Packaging International BV
- Futamura Chemical Co. Ltd
- Thai Film Industries Public Company Limited
- Oben Holding Group S.A.C
- Taghleef Industries LLC
- Schur Flexibles Holding GesmbH
- and Others (As Requested)
Key Segments Covered in CPP Packaging Films Industry Research
By Thickness
- Up to 18 micron
- 18 to 50 micron
- 50 to 80 micron
- Above 80 micron
By Packaging Type
- Bags & Pouches
- Wraps
- Lamination
- Labels
- Others
By End Use
- Food & Beverages
- Floral
- Textile
- Healthcare
- Others
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- MEA
For more information about this report visit https://www.researchandmarkets.com/r/t4c7w6
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