Market Research Future (MRFR) has published a cooked research report on the “Global Polypropylene Packaging Films Market” that contains information from 2018 to 2032. The Polypropylene Packaging Films market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.
Polypropylene Packaging Films Market Highlights
The global polypropylene packaging films market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 52.1 Billion by 2032.
The packaging sector is constantly evolving to satisfy consumers' shifting needs. The rise of the middle class and rising disposable incomes are two major factors influencing the demand for polypropylene packaging films across industries, including food and beverage, consumer goods, industrial goods, and others. Due to the growing demand for packaging film to increase product shelf life, the market for polypropylene is growing. The market's growth is further aided by the simple availability of ecologically friendly packaging choices, which has led to an increase in the number of uses for polypropylene packaging film.
Segment Analysis
The global polypropylene packaging Films market has been segmented based type, application and end user
On the basis of type, the market is segmented into biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP). Biaxially oriented polypropylene (BOPP) segment dominated the global market in 2022. The BOPP is moisture resistant and provides great clarity, graphic reproduction, and shelf appeal. It offers enormous flexibility for adding printing, laminations, logos, labels, and other branding elements.
Based on application, the global polypropylene packaging films market has been segmented into bags & pouches, taps & labels, and others. Bags & pouches segment dominated the global market in 2022. Because of substantial changes in end-user tastes and other reasons, the demand for flexible packaging forms has remained stable over the past ten years
Based on end user, the global polypropylene packaging films market has been segmented into food, beverage, healthcare, industrial, and others. Food segment dominated the global market in 2022. A continuing expansion of the food and beverage industry, in part because of the requirements of the rapidly growing middle class.
Regional Analysis
The global Polypropylene Packaging Films market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Polypropylene Packaging Films market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Polypropylene Packaging Films market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Polypropylene Packaging Films market comprises of Middle East, Africa, and Latin America.
The largest market share for Polypropylene Packaging Films was maintained by the North American regional sector. The rapidly growing food and beverage industry in North America has raised demand for the commodity. Further, the U.S. Polypropylene Packaging Films market held the largest market share, and the Canada Polypropylene Packaging Films market was the fastest growing market in the North America region.
Moreover, the Europe market has been persistently growing over the forecast period. Increased demand for polypropylene packaging films, which are used to make bags and pouches, is what led to the increase. Further, the German Polypropylene Packaging Films market held the largest market share, and the U.K Polypropylene Packaging Films market was the fastest growing market in the European region.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. China’s Polypropylene Packaging Films market held the largest market share, and the Indian Polypropylene Packaging Films market was the fastest growing market in the Asia-Pacific region.
Furthermore, the rest of the world's Polypropylene Packaging Films market is divided into the Middle East, Africa, and Latin America. One of the key drivers of market growth is the increasing consumption of packaged food and beverages. The rising disposable incomes and changing lifestyles have led to a higher preference for convenience foods, driving the demand for efficient and reliable packaging solutions..
Key Findings of the Study
- The global polypropylene packaging films market is expected to reach USD 52.1 Billion by 2032, at a CAGR of 5.90% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to growing demand for packaged food and beverages, rapid urbanization, and the expansion of the e-commerce industry
- Based on type, the biaxially oriented polypropylene (BOPP) segment was attributed to holding the largest market in 2022.
- MITSUI CHEMICALS AMERICA INC., LyondellBasell Industries Holdings, Blueridge Films, Inc., Cosmo Films Ltd., Polyplex Corporation Ltd., TRINIFLEX, Jindal Poly Films, Profol Group, Manuli Stretch s.p.a, Polibak, and Panverta
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Companies Covered | 15 |
Pages | 128 |
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