Europe Cast Polypropylene Films Market size crossed USD 216.3 million in 2020 and is projected to observe around 2.7% growth rate from 2021 to 2027. The increasing demand for packaged food owing to the changing lifestyle of consumers is expected to enhance the market growth.
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Cast Polypropylene (CPP) films are produced through the casting process without bi-axial orientation by using various grades of polypropylene polymers as raw materials. CPP films are high-performance, cost-effective, and transparent, along with these, polypropylene films can be sealed by means of ultrasonic or thermal method without the application of any special coating. CPP films are majorly adopted in the packaging segment for their properties, such as high gloss and optical clarity, better heat resistance, high moisture-proof resistance, high resistance to tear and puncture, and low static properties, among others.
Increasing growth of the food & beverages packaging industry in Europe is boosting the market demand. The increasing trend of flexible packaging is a key factor of the proliferating CPP films market in the region. The unique properties of CPP films such as transparency and barrier to external environment such as oxygen and moisture, along with its non-reactive nature with material present inside it leads to enhance its demand for hygienic packaging of food and cosmetics.
The rapidly growing healthcare industry has given rise to use CPP films as a healthcare packaging material. Medical and pharmaceutical industries use CPP film as a packaging material for drugs as it can protect the product for a longer period than any other PVC and polyethylene films without contamination. Additionally, increasing R&D activities for the development of biodegradable CPP films is anticipated to create a positive scenario for the industry expansion.
During the manufacturing process, polypropylene releases numerous pollutants into the environment, and the extrusion process of CPP emits volatile organic compounds; therefore, the factors, such as increasing number of regulations regarding packaging waste and Volatile Organic Compound (VOC) emissions, are expected to pose challenges to the market expansion.
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The general CPP films market accounted for USD 120.6 million revenue in 2020, due to the increasing product usage for heat resistance packaging applications. In addition, the high clarity of general CPP films is likely to fuel the market demand. CPP packaging films have been growing popular in the market due to their special properties.
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The 20–30-micron thickness segment will grow at 2.8% CAGR during the forecast period. These films are mostly used for food & beverages and flexible packaging. Additionally, low product prices compared to the other packaging films or products is fueling the demand for 20-30-micron CPP films. The high flexibility of 20-30-micron CPP films makes them more suitable for food packaging and other applications such as stationery and medical packaging.
The agriculture segment will hold more than 11.7% market share in 2020. The use of CPP films in the agricultural sector has contributed to increased crop productivity and greater efficiency. They are ideal for packaging various agriculture products such as carrots, iceberg lettuce, romaine lettuce, mixed lettuce, onions, and potatoes. Moreover, the increasing prevalence of commercial farming will boost the market revenue.
Some of the leading companies operating in the Europe cast polypropylene films market are Coveris, Poligal. S.A., Jindal Poly Films Limited, Profol Group, Plastchim-T, Polyplex, Manuli Stretch, Uflex Limited, Oben Holding Group, Hiper Cast GmbH, and SCHUR FLEXIBLES GROUP.