India CPP Packaging

India CPP Packaging

Cast Polypropylene Packaging (CPP) is a well-known and versatile packaging material. The segment has gained extensive popularity because it is more appealing than propylene due to its clearer appearance and better heat resistance. CPP also hold multiple qualities that has paved its way to the rapidly increased adoption among the packaging manufacturers such as being fit to be customized as per the packaging type, greater tear and impact resistance, completely recyclable properties, etc.

The India CPP Packaging market was valued at USD XX million in 2023 and is expected to grow at a strong CAGR of around 6.15% during the forecast period (2024-2032). One of the factors that has been majorly attributed to market growth is the increasing demand for CPP packaging from the packaging and automotive sectors. These sectors, with the need to use protective film, and robust and sustainable packaging materials, has instigated the demand for CPP packaging materials in India.

There have been major implications due to the expansion of CPP packaging material among the various industries. Some of the notable implications across the various stakeholders and sectors are increased sustainability impact, enhanced market competition, shifting consumer preference towards product quality, etc. In line with this, many of the leading CPP Packaging manufacturing companies announced their plans to increase their production capability in order to tap the growth potential in the Indian market.

For instance, in 2022, Uflex Packaging Industry established its CPP packaging film plant with a total production capacity of 18,000 tons in Dharwad, India.

In another instance, in 2022, Cosmo Films added 3.89% to Rs 1767.30 crore after the company announced the setting up of a CPP film production line at Aurangabad with an annual rated capacity of 25,000 MT.

Apart from this, advances in the packaging technology and materials have enabled packaging manufacturers to offer better structural integrity as well as offer various customizable packaging solutions to its counterparts.

• Based on thickness, the India CPP Packaging market is segmented into 0-30 microns, 30-50 microns, and above 50 microns. The respective categories offer packaging as per the requirement of strength for the products in light, medium, and tough packaging. 30-50 mm CPP packaging materials are used for a wide range of applications, including food packaging, frozen foods, textiles, and industrial products. CPP packaging below 30 Micron thickness is used for its flexibility, cost-effectiveness, and heavy-duty strength and barrier properties. Some of the major applications of this thickness of CPP are flexible packaging, lamination purposes, overwrapping, medical and pharmaceutical packaging, general purposes packaging, label protection in bottles and other containers, etc. As this segment offers a balance of rigidness and cost-effectiveness, it will trail behind the 30-50 Micron segment in the coming years.
• Based on packaging type, the India CPP Packaging market has been segmented into Bags & Pouches, Wraps, Lamination, Labels, and Others (PET Films, Garment Bags, etc.). Of these, the Bags and Pouches segment would hold a sizeable market share in the India CPP packaging market. CPP films have excellent transparency, which helps in the retail environment where the display of the content is required. Additionally, various other advantages such as printability, cos-effectiveness, offering moisture barrier, etc. Additionally, in combination with aluminum and plastic, various CPP food packaging bags and pouches are also being used, subsequently leading to the extension of its market share across the globe. As these pouches are chemical resistant, tear and puncture resistant, heat sealed, and extend the shelf life of food products, the demand for CPP packaging in bags and pouches in food categories is further anticipated to rise in the coming years.
• For a better understanding of the market adoption of CPP Packaging, the Indian CPP Packaging market is analyzed based on its presence in regions such as North India, East India, West India, and South India. Of these, the North India region held the largest share in 2023. North India has a sizeable retail and consumer goods industry, and it is looking forward to comprehensively supporting research & development around the packaging sector and its challenges and potential technological solutions. Additionally, the region is home to some of the largest manufacturers of CPP packaging solutions. Considering the vast volume of production, the region is further anticipated to dominate the demand for CPP Packaging in the coming period.
• Some of the major players operating in the market include Kanodia Technoplast Ltd, Uflex Packaging Industry, Kanpur Plastipack Ltd., Jindal India Powertech Ltd., Sampark Industries Ltd., Cosmos Ltd., Asia Poly Films Industries, and Jockstick Adhesive Pvt. Ltd.