According to recently published statistics on CPP packaging films market analysis, the global demand for these films increased 3.6% year over year in 2021, valuing the market at US$ 5.3 billion.
Despite being severely affected by the COVID-19 pandemic in 2021, the U.S. market grew 2.7% annually. The entire demand for CPP packaging films in North America is anticipated to reach US$ 1.1 Bn in 2021, while South Asia is anticipated to increase its market share by 170 BPS by 2031.
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Globally, CPP packaging films market grew at a CAGR of 4.1% from 2016 to 2020 and is forecast to grow at a rate of over 4%. Thailand, India, Indonesia, China, Malaysia, and South Korea are leading the pack with sizable market shares. The cost of food and drinks has increased globally in the previous few years due to an increase in R&D activities carried out by key firms. Cast polypropylene foam is frequently used in packing because of its extreme tear- and puncture-resistance.
CPP packaging films are also utilised for flexible packaging and industrial applications, such as release liners, handle reinforcement, medical, and electronics. They also offer good moisture and air barriers.
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Key Insights Provided in CPP Packaging Films Market Industry Survey:
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- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations
- COVID-19 Impact on CPP Packaging Films and How to Navigate
- Recommendation on Key Winning Strategies
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Key Segments Covered in CPP Packaging Films Market Report :
CPP Packaging Films Market By Thickness: Up to 18 Micron CPP Packaging Films, 18 to 50 Micron CPP Packaging Films, 50 to 80 Micron CPP Packaging Films, Above 80 Micron CPP Packaging Films
CPP Packaging Films Market By Packaging : Bags & Pouches, Wraps, Lamination, Labels, Others
CPP Packaging Films Market By End User : CPP Packaging Films for Food & Beverages, CPP Packaging Films for Personal Care & Cosmetics, CPP Packaging Films for Textiles, CPP Packaging Films for Healthcare, Others
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