(MENAFN- Zion Market Research) Based on the anticipations set by analysts at Zion Market Research, the valuation of global cast polypropylene (CPP) films market size was USD 4.80 billion in 2018, which is now projected to increase at a CAGR of about 5.6% from 2018 to 2025. And it is expected to generate revenue of around USD 7.04 billion by end of 2025.
Some of the globally renowned and emerging CPP films-manufacturing companies are Polyplex, Manuli Stretch s.p.a., Tri-Pack Films Limited, Uflex Limited, Mitsui Chemicals Tohcello Inc., Panverta, Copol International, Jindal Poly Films, Profol group, Plastchim-T, Poligal, 3B Films Ltd., and Polibak. The industries are expanding their geographical presence through collaborations and mergers to grow the customer base and to slash the production costs. For instance, in Oct 2017, Polyplex established the production facility of its wholly owned subsidiary, PT Polyplex Films, in Indonesia with the objective of serving the domestic and regional market.
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The food & beverage segment is the key influencing and one of the widely expanded application segments in the CPP films market. Globally expanding food & beverage industries at a rapid rate will flourish the demand for the CPP films during the projected period. CPP films are very clear & glossy, have the good moisture-holding ability, and have huge packing strength. Due to all such properties, the product is being used extensively in the food packaging sector. The demand for this product in the food & beverage industry is anticipated to grow at a remarkable rate of around 7% per annum over the coming few years. Swiftly changing lifestyles and rising disposable incomes across the globe are the key factors impelling the food packaging market, which is likely to boost the CPP film demand.
Expansion In Pharmaceutical Sector Likely To Spur The Demand For CPP Films
Owing to the robust properties such as huge stress tolerance, extreme heat resistance, and excellent packaging integrity at unfavorable conditions, the CPP films are of great significance in the medical and pharmaceutical sectors. The rise in demand for CPP films is attributed to the substantial growth in the pharmaceutical sector. On the contrary, the increased use of PET, BOPP, and aluminum sheets is likely to hamper the growth of the CPP films market.
The global CPP films market report intelligibly demonstrates the analytical research on the market by segmenting it on the basis of type, application, and geography. By type, the report categorizes the market into metalized CPP films, retort CPP films, general CPP films, and others. By application, the market is divided into drug packaging, textile packaging, food packaging, and others.
Asia Pacific Expected To Hold The Dominant Position In CPP Film Market During The Forecast Period
Based on the 2018 market evaluation data, Asia Pacific has been holding the major share in the CPP films market. That year, the regional market generated revenue of around UDS 500 million. The region is likely to remain at the leading position during the projected period owing to the establishment of a considerable number of end-uses industries within the regional premises. Other than the pharmaceutical sector, textile market growth also fuels the demand for CPP films. In 2018, China was the leading manufacturer and exporter of textile items.
Browse the full 'Cast Polypropylene (CPP) Films Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025. Report at [To enable links contact MENAFN]
The ZMR-published market research report segments the global cast polypropylene (CPP) films market as follows:
By Type
- Metalized CPP Films
- Retort CPP Films
- General CPP Films
- Others
By Application
- Drug Packaging
- Textile Packaging
- Food Packaging
- Others
By Region:
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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