Cast Polypropylene Market Size, Share, By Type (General CPP Film, Metalized CPP Film, Retort CPP Film, Anti-Fog CPP Film, and Others), By Thickness (0-30 Microns, 31-50 Microns, and Above 50 Microns), By Application (Food Packaging, Textile Packaging, Drug Packaging and Others), and By Region - Trends, Analysis and Forecast till 2034

• In 2023, cast polypropylene market was estimated to be worth USD 2.38 Billion.
• By 2034, the target market is expected to grow to USD 3.8 Billion.
• Target market is expanding at a CAGR of 5.2%

Market Overview:

Growing consumption of ready-to-eat food product is major factor expected to drive growth of the cast polypropylene market over the forecast period. CPP film offers various benefits such as high moisture resistance, transparency, heat resistance, printability, and others which help to offer cost-effective packaging solution, which in turn expected to boost growth of the target market.  In addition, rapid growth of the textile industry, owing to increasing disposable income of population and spending on premium packaging products has led to increase in demand for CPP films, which in turn expected to fuel growth of the target market. However, stringent regulations of governments across developed and developing countries regarding usage of plastic material are major factor expected to hamper growth of the target market.

Key Takeaways:

• Asia Pacific held the largest share of the market in 2024.
• North America is projected to be the fastest-growing market in the coming years.
• By type, the General CPP film accounted for the largest share of the cast polypropylene market.
• By thickness, 31-50 microns dominate the target market growth.
• By application, the food packaging segment dominated the market.

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Key Drivers of Target Market:

Increasing Usage for the Purpose of Packaging

CPP is gaining favor as the material of choice in packaging as well as non-packaging applications. Many industries such as healthcare and pharmaceutical industries uses CPP for packaging of drugs for extended periods of time as it is protected against contamination. Other industries also uses CPP for the purpose of stand-up-enclosable pouches, multi layered laminations, side-weld seal bags, and flower and twist wraps, etc. 

• For Instance, in April 2024, India-based flexible packaging solutions provider Uflex has commissioned a new 6.5m-wide cast polypropylene (CPP) film line in Russia, boasting an annual production capacity of 18,000 tones.  

Restrains:

UV Degradation

Cast polypropylene is majorly affected by UV degradation which makes it not suitable for using in high altitude or places where UV penetration is high. The material of CPP gets prolonged after exposure with UV rays. 

• Counterbalance Statements: One of the major solutions to this problem are add stabilizers, absorbers, and blockers.

Opportunities:

Economies of Growth in Infancy

Emerging markets in Asia Pacific, North America and Europe regions, which consider growing demand for convenience foods, packaging requirements, increasing textile and healthcare sectors as growing factors, create major opportunities for the market's growth, especially in e-commerce and pharmaceutical industries. 

The market is segmented based on Type, Thickness, Application and Region.

Type Insights:

On the basis of Type Cast Polypropylene Market is segmented into General CPP Film, Metalized CPP Film, Retort CPP Film, Anti-Fog CPP Film, and Others. General CPP film dominate the target market growth as it is widely used for packaging of food, consumer preference, etc.

• For Instance, in August 2018, Cosmo Films has introduced a CPP metalized film with high metal bond strength. The film has been designed to offer superior inter layer bond strength of 450gm/inch.

Thickness Insights:

On the basis of Thickness Cast Polypropylene Market is segmented into 0-30 Microns, 31-50 Microns, and Above 50 Microns. 31-50 microns dominate the target market growth as it is widely used for packaging of food, consumer preference, etc.

Application Insights:

The cast polypropylene market by application is segmented into food packaging, textile packaging, drugs packaging and others. Food packaging application segment is expected to account significant share of the global market, owing to increasing demand for food packaging in order to avoid food contamination and increasing consumption of on-the-go food.

• For Instance, in October 2024, Henkel says its cooperation with Panverta has provided a solution which improves the oxygen barrier performance of metallized cast polypropylene (CPP) to less than 0.5 cc/m2.day and CPP with aluminum oxide coating (AIOx) films to less than 8 cc/m2.day.

Regional Insights

Asia Pacific: This region is expected to dominate the growth of the market during forecast period due to significantly growing end-use industries, rising demand, growth of textile and clothing exports, etc.

North America: This region is considered to be the fastest growing region in the target market as countries like U.S., and many more are leading the charge significantly due to rising demand of CPP films, rapidly growing pharmaceutical industries.

Cast Polypropylene Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels, analyzing industry trends and opportunities across sub-segments from 2024 to 2034. It segments the market by Type, Thickness, Application, and Region.

Segmentation:

By Type:

• General CPP Film
• Metalized CPP Film
• Retort CPP Film
• Anti-Fog CPP Film
• Others

By Thickness:

• 0-30 Microns
• 31-50 Microns
• Above 50 Microns

By Application:

• Food Packaging
• Textile Packaging
• Drug Packaging
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the Cast Propylene Market include Profol GmbH, Zhejiang Great Southeast Packaging Group Corp., Ltd, Zhe Jiang Yuan Da Plastic Co., Ltd., Hubei Huishi Plastic Industry Co. Ltd., UFlex Limited, Manupackaging Deutschland GmbH., Alpha Marathon Film Extrusion Technologies, PANVERTA CAKRAKENCANA, POL?BAK PLASTIC FILM INDUSTRY AND TRADE INC., Cosmo Films, Polinas, Innovia Films, Mitsui Chemicals India Pvt. Ltd., and DE-PACK GmbH & Co. KG

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• In September 2024, Panverta CPP, manufacturers of CPP film, announced collaboration with Henkel Adhesive Technologies to developed films with an improved oxygen barrier layer which makes it possible to reduce the number of packaging layers for protection of dry foods from the environment.
• In April 2024, UFlex, India’s largest multinational flexible packaging and solutions company has successfully commence commercializing polycondensed polyester chips. Additionally, it announced the commissioning of 6.5 meter wide cast polypropylene (CPP) film line with an installed capacity of 18,000 metric tons per annum (MTPA) in Russia.

Analyst View:

The industry for cast polypropylene market is placed for substantial growth due to Growing consumption of ready-to-eat food product. CPP film offers various benefits such as high moisture resistance, transparency, heat resistance, printability, and others which help to offer cost-effective packaging solution helps to boost the growth of the market in upcoming years.

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• Profol GmbH
• Zhejiang Great Southeast Packaging Group Corp., Ltd
• Zhe Jiang Yuan Da Plastic Co., Ltd.
• Hubei Huishi Plastic Industry Co. Ltd.
• UFlex Limited
• Manupackaging Deutschland GmbH.
• Alpha Marathon Film Extrusion Technologies
• PANVERTA CAKRAKENCANA
• POL?BAK PLASTIC FILM INDUSTRY AND TRADE INC.
• Cosmo Films
• Polinas
• Innovia Films
• Mitsui Chemicals India Pvt. Ltd.
• DE-PACK GmbH & Co. K