NEW YORK, July 13, 2021
NEW YORK, July 13, 2021 /PRNewswire/ -- Global sales of CPP packaging films are expected to reach US$ 8 Bn by 2031. According to the latest revised report by Persistence Market Research, the market is estimated to register a steady CAGR of more than 4% over the forecast period of 2021-2031.
CPP packaging films enhance the shelf life of products, as they aid in protection from direct or indirect sunlight exposure, chemicals, and dust. Good shelf life increases buyers' confidence in purchasing products.
There are various thicknesses that are being offered for cast polypropylene packaging films, which are capturing consumer attention.CPP packaging films have excellent properties such as good transparency, scratch-proof, and heat-proof, and high demand is being generated because of the appearance of the packaging that is enhanced by high-impact graphics.
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"Consumer inclination toward hygienically packed edible products is expected to amplify market growth. Many food & beverage and healthcare end users are considering CPP packaging films as an ideal solution owing to its numerous benefits. Expansion of these industries in South-East Asia is expected to create exponential profit earning opportunities for these players." says an analyst at Persistence Market Research.
The report underlines groundbreaking insights into the competitive scenario of the CPP packaging films market, along with highlights of differential strategies used by manufacturers.
Some of the key manufacturers identified across the value chain include Polyplex Corporation Ltd, Uflex Ltd, Jindal Poly Films Limited, Copol International Ltd., Bhineka Tatamulya Industri Pt, Mitsui Chemicals America, Inc., LC Packaging International BV, and Futamura Chemical Co. Ltd.
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More Valuable Insights
Persistence Market Research released a new market research on the CPP packaging films market, covering global industry analysis of 2016-2020and forecasts for 2021–2031.
The market study reveals compelling insights on the basis of thickness (up to 18 microns, 18 to 50 microns, 50 to 80 microns, and above 80 microns),packaging (bags & pouches, wraps, lamination, labels, and others), and end use (food & beverages, personal care & cosmetics, textiles, and healthcare),across seven major regions of the world.
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