Published Date: 2021-10-14
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APAC Cast Polypropylene Films Market size is poised to cross USD 983 million by 2027, according to a latest forecast report by Graphical Research.
Growing population coupled with increasing disposable income of individuals, improving lifestyles, and steady improvement in the economic conditions in China, India, Indonesia, and South Korea will boost the industry growth. China is the largest consumer of CPP films owing to the expanding food & beverage and agriculture industries within the country. Furthermore, the surging production of textile in China and India is also anticipated to boost the consumption of CPP films in the textile industry. For instance, China is the largest textile producer and exporter, accounting for nearly 39.2% of the global textile exports in 2019.
Metallic CPP film segment is likely to grow at a CAGR of over 7% over the forecast period attributed to the increasing product demand in food packaging and agriculture industries. The increasing product usage in the agriculture industry will boost the metallic cast polypropylene films demand over the forecast timespan. Owing to the rapidly growing population and usage of new techniques in the industry, the agricultural production is at an all-time high and growing at a healthy CAGR over the past few decades. Additionally, metallic CPP film offers excellent barrier properties, making it ideal for packaging applications across bakery products and confectionaries; thus, the growing food & beverages industry across the region.
Browse detailed statistical insights from the report, “Asia Pacific Cast Polypropylene (CPP) Films Market Forecast 2027 By Application (Food & Beverages, Agriculture, Stationery, Textile, Medical & Pharmaceutical, Architecture), By Product (General, Metallic, Retort), By Thickness (20-30 Microns, 31-50 Microns, Above 50 Microns), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The 31-50-micron segment is projected to witness over 6.3% CAGR between 2021 to 2027. 31-50-micron CPP films are majorly used in the bakery industry; therefore, the healthy growth in the bakery industry, especially in China and India, is anticipated to drive the demand for 31-50-micron CPP films over the forecast period. Furthermore, above 50-micron CPP films are anticipated to grow considerably in the upcoming years owing to the strong growth in the food & beverage industry. These CPP films are majorly used as a retort and hot/cold anti-fog bags.
The agriculture segment accounted for 16% of market share and is expected to observed around 5.5% growth rate during the forecast period. The usage of CPP films in agriculture has resulted in increased efficiency and crop productivity. They are ideal for packaging (winter) carrots, iceberg lettuce, romaine lettuce, mixed lettuce, onions, and potatoes. Furthermore, the textile segment will exhibit a CAGR of 6.1% from 2021 to 2027. In the textile industry, CPP films are used for garment packaging, textile packaging bags for hosiery & shirts, bags for tablecloths & bath linen, etc.
The APAC CPP films market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By Thickness
Asia Pacific Market, By Application
The above information has been provided for the following contries:
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