Asia Pacific Cast Polypropylene Films Market size exceeded USD 634 million in 2020 and is anticipated to witness over 6.5% CAGR from 2021 to 2027.

 Asia Pacific Market, By Application

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The food & beverage segment accounted for 55% volume share in 2020. The consumption of CPP films in food & beverages, stationary, medical & pharmaceutical, textile, and agriculture has significantly increased due to excellent packaging integrity at extreme temperatures and high heat resistance. The rising food processing and packaging industry is likely to boost the Asia Pacific cast polypropylene films market demand. Growing urbanization, changing consumer lifestyle, and enhanced consumer spending capacity are the prime factors driving the demand for food packaging products, further elevating the market expansion.

The rising demand for CPP films in the stationary industry will also contribute to the overall industry revenue. According to UNICEF, the Asia Pacific region includes one-third of the global population and more than one-quarter of the global children, around 580 million children in total. The education of the population in these regions will sustain the stationery industry in the future and will drive the market for laminated paper products.

Asia Pacific Market, By Product

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The general segment dominated around 59% Asia Pacific cast polypropylene films market share in 2020. General CPP films contain high clarity, gloss, and seal strength owing to high-speed packaging properties and are highly used in candy and confectionary packaging. The increasing product usage for heat resistance packaging applications is fueling the segment growth. General CPP is a type of packaging film that finds high adoptability in the global market with its multifunctional properties.

Asia Pacific Market, By Thickness

The 20–30 micron thick CPP films segment held more than 51% market share in 2020. The product is mostly used for food packaging. The high flexibility of the product makes it more suitable for food packaging and other applications. Additionally, low cost and ease in availability of the product in the market will further fuel its demand.

Asia Pacific Market, By Country

Asia Pacific is the largest consumer of CPP films due to the presence of large number of food processing companies especially in China, Japan, and India. Additionally, the significant growth in the pharmaceutical sector within the region will complement the industry growth. For instance, according to the Indian Economic Survey 2021, the domestic pharmaceutical sector in India was around USD 42 billion and is expected to reach USD 65 billion by 2024 and further expand to reach approximately USD 120-130 billion by 2030.

Competitive Industry Landscape

Major companies operating in the Asia Pacific CPP films market are Mitsui Chemicals Tohcello, Inc., Uflex Limited, Profol Group, Tri-Pack Films Limited, Polyplex, 3B Films Private Limited, Jindal Poly Films Limited, and Cosmo Films Limited. CPP film manufacturers are constantly expanding their product range and strategic alliances.