Global Cast Polypropylene Packaging Films Market to Reach Over US$ 7.12 Bn by 2028
Cast Polypropylene Packaging Films Market – Snapshot
The polypropylene film manufactured by using cast polypropylene offers outstanding transparency and external gloss. Cast polypropylene is an extraordinary material used in packaging of various products from bread to snacks and fresh produce. It is also used as a sealant film for retort and non-retort purposes. It has excellent heat sealing properties. Cast polypropylene is a low-density film with excellent tear resistance as well as impact resistance.
Key factors driving the demand for cast polypropylene packaging films across the globe are rising consumption of convenience food, high demand for packaging solutions that enhance shelf life, and growing preference for cost-effective films with a high moisture barrier. The cast polypropylene packaging films market in Asia Pacific and Middle East & Africa was promising in the past. This was attributable to rapid urbanization, growing population, and increasing disposable income of middle-class families in these regions. The outlook for the market in Asia Pacific appears promising for the forecast period also. In 2017, Polyplex Corporation Limited expanded its packaging films business in Indonesia to cater to the rising demand in the country. Other global players are also planning to expand in Asia Pacific during the forecast period.
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Rapidly increasing demand from the food & beverages industry and rising usage of bags and pouches in end-use industries are key drivers of the cast polypropylene market. Rise in the consumption of convenience food and high demand for packaging solutions that enhance shelf life are anticipated to propel the demand for cast polypropylene packaging films in the near future. Growth of textile and health care industries in developing economies is anticipated to drive the demand for cast polypropylene packaging films during the forecast period.
High preference for alternative packaging materials and fluctuating prices of resins is the key restraint of the cast polypropylene packaging films market. Increasing use of substitutes such as aluminum, PET, and BOPP products in food and packaging industries is likely to hamper the market during the forecast period. High demand for sustainable packaging from end-use industries presents key growth opportunities to the cast polypropylene packaging films market.
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Key players profiled in the report on the global cast polypropylene packaging films market are Polyplex Corporation Limited, American Profol, Inc., Uflex Ltd., Polinas, Jindal Poly Films Limited, Copol International Ltd., PT. Bhineka Tatamulya Industri, Mitsui Chemicals America, Inc., LC Packaging International BV, Futamora Chemical Co. Ltd., Thai Film Industries Public Company Limited, Oben Holding Group S.A.C., Taghleef Industries LLC., and Schur Flexibles Holding GesmbH.
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