Polypropylene Packaging Films Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Polypropylene Packaging Films Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Polypropylene Packaging Films Market

The polypropylene packaging films market size was valued at USD 28.79 billion in 2022, and the market is now projected to grow from USD 30.31 billion in 2023 to USD 44.64 billion by 2030, exhibiting a CAGR of 5.68% during the forecast period of 2023-2030.

The COVID-19 pandemic had a major influence on the polypropylene packaging films market development. The occurrence affected not only the food & drink industry but also the trade and pharmaceutical industries. It managed to extreme changes in customers' routines as well. As the surge in COVID-19 cases augmented hygiene concerns extensively, the demand for packaged goods rise steeply.

Consumption of food and beverages has augmented expressively over the years. With this development derives an augmented need for new food packaging solutions that can benefit to prolong shelf life while preserving the taste and flavor of these products. Polypropylene packaging films play a significant role in the advancement of these new solutions. One of the major challenges in food and beverage manufacturing is harm. These films are used to preserve and guard foods that are sensitive to oxygen, dampness, tastes and light, such as dry ingredients & powders, coffee, and snacks. Makers and consumers benefited from the extended shelf life of foods and reduced food waste, using the films and such things are encouraging the polypropylene packaging films market growth.

The polypropylene packaging films market has been one of the firmest mounting markets in the past period. This progress was mostly due to the starter of new products and technologies, the need for innovative materials, and augmented consumer awareness. While the consumer section remains the key driver of this market’s progression, the industry also realizes substantial development opportunities in the medical and pharmaceutical sectors. As the demand for packaged foods endures to upsurge, the market is also progressively implementing reinforced packaging solutions to progress the shelf life of food items and shield their freshness.

Comprehensive Analysis of Polypropylene Packaging Films Market

The market can be segmented in various ways, depending on the focus of analysis such as by process type, by product type and by application. Based on process type, the market is segmented into biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP). Based on product type, the market is segmented into bags & pouches, wraps, tapes & labels, and others. Based on application, the market is segmented into food & beverage, healthcare, electrical & electronics, personal care & cosmetics, household, industrial, and others.

Asia Pacific region is dominating the polypropylene packaging films market share due to rising disposable earnings, prompt urbanization, and mounting intake of packed foods.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Toyoba (Japan), Polyplex Corporation Ltd. (India), Panverta (Indonesia), TRINIFLEX (Poland), Cosmo Films Ltd. (India), Innovia Films (U.S.), ProAmpac LLC (U.S.), UFlex Limited (India), Profol GmbH (Germany), FlexoFilms (U.S.), SRF Limited (India) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In March 2022, Innovia launched a new cast polypropylene film named Propacast KF, which was precisely planned as a lamination solution for HFFS, VFFS, and lidding applications. The film is fully recyclable and has a extensive heat seal range.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 5.68% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Process Type

Biaxially Oriented Polypropylene (BOPP)

Cast Polypropylene (CPP)

By Product Type

Bags & Pouches

Wraps

Tubes

Tapes & Labels

Others

By Application

Food & Beverages

Healthcare

Electrical & Electronics

Personal Care & Cosmetics

Household

Industrial

Others

By Region

North America (By Process Type, By Product Type, By Application, and Country)

U.S. (By Application)

Canada (By Application)

Europe (By Process Type, By Product Type, By Application, and Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Spain (By Application)

Russia (By Application)

Poland (By Application)

Romania (By Application)

Rest of Europe (By Application)

Asia Pacific (By Process Type, By Product Type, By Application, and Country)

China (By Application)

India (By Application)

Japan(By Application)

Australia (By Application)

South Korea (By Application)

Southeast Asia (By Application)

Rest of Asia Pacific (By Application)

Latin America (By Process Type, By Product Type, By Application, and Country)

Brazil (By Application)

Mexico (By Application)

Argentina (By Application)

Rest of Latin America (By Application)

The Middle East & Africa (By Process Type, By Product Type, By Application, and Country)

Saudi Arabia (By Application)

U.A.E. (By Application)

Oman (By Application)

South Africa (By Application)

Rest of Middle East & Africa (By Application)


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