North America Cast Polypropylene Films Market Size Insights Forecasts to 2032
- The North America Cast Polypropylene Films Market Size was valued at USD 362.7 Million in 2022.
- The Market Size is Growing at a CAGR of 3.6% from 2022 to 2032.
- The North America Cast Polypropylene Films Market Size is expected to reach 521.8 Million by 2032.
- North America is expected to Grow the fastest during the forecast period.
Get more details on this report -
The North America Cast Polypropylene Films Market Size is expected to reach USD 521.8 Million by 2032, at a CAGR of 3.6% during the forecast period 2022 to 2032.
Cast Polypropylene (CPP) is a rigid, anomic film that is impervious to wear & tear and low temperatures. In addition to its superior clarity and gloss, improved heat resistance, and ability to lay flat, CPP has gained appeal across numerous classic flexible packaging applications, replacing polyethylene. The qualities of the film can be modified depending on specified packaging, performance, and processing demands. CPP provides greater tear and abrasion resistance, cold temperature performance, and heat-sealing qualities in particular. It is utilized in packaging to extend the retail lifespan of products such as food, clothing, cosmetics, pharmaceuticals, and others. Given that CPP films are immune to contaminating substances, the healthcare and pharmaceutical industries utilize them for long-term medicine packaging. Other applications include stand-up re-closable pouches, multi-layered laminations, side-weld closure bags, and flower and twist wraps. The broadening food packaging sector in North America is a result of high per capita earnings, fast-paced lifestyles, and a large working population, which are all factors contributing to regional expansion. Furthermore, rising agricultural exports from the region will boost demand for CPP cast films.
This research report categorizes the market for North America Cast Polypropylene Films Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America Cast Polypropylene Films Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America Cast Polypropylene Films Market.
North America Cast Polypropylene Films Market Report Coverage
|Market Size in 2022:||USD 362.7 Million|
|Forecast Period 2022-2032 CAGR:||3.6%|
|2032 Value Projection:||USD 521.8 Million|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Product, By Application, By Country and COVID-19 Impact Analysis.|
|Companies Covered:||Pregis Corporation, Alpine Material Solutions, Tekra, LLC, Achilles USA, Inc., Profol Americas, Inc., SunFlex Packagers, Inc., Griff Paper & Film, Golden Eagle Extrusions, Inc., Polyplex (USA) LLC, Advanced Barrier Extrusions, Copol International, Ltd., Web Plastics Company, and other key vendors.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
Get more details on this report -
The rapidly evolving flexible packaging industry in North America is driving cast polypropylene films market expansion, especially in the rising pharmaceutical, apparel, and food & beverage industries. The market for products is being driven by rising demand for prepackaged and nutritious food commodities, as well as the region's prominent position in food and beverage companies. CPP film demand is increasing quickly as a more appealing packaging material than polyethylene in a variety of applications. CPP films are available in a variety of styles, including twist wrap hop and cold application lamination. Polypropylene films are projected to see an increase in demand as the use of convenience items grows. CPP films are utilized in a wide range of office products, including folders and flexible packaging. High clarity is necessary for stationery products, and CPP films provide this requirement at a low cost. Cast polypropylene films are an appealing alternative in non-rigid packaging applications because they are recyclable, optically clear, lightweight, and inexpensive. During the forecast period, the textile and healthcare industries are expected to drive demand for North American cast polypropylene films.
- In 2022, the metallic films segment accounted for the largest revenue share of more than 34.8% over the forecast period.
Based on the product, the North America Cast Polypropylene Films Market is segmented into general films, metallic films, retort films, and others. Among these, the metallic films segment has the largest revenue share of 34.8% over the forecast period. This increased demand for metallic can be attributed to the material's exceptional seal strength and damp barrier qualities. Metallic cast polypropylene films provide excellent gas and moisture barrier qualities, making them appropriate for a variety of food packaging applications. Additionally, the advancement of new metallic films for food packaging applications is expected to fuel the rise of the North America cast polypropylene films market segment during the research period.
- In 2022, the food & beverages segment accounted for the largest revenue share of more than 64.2% over the forecast period.
On the basis of applications, the North America Cast Polypropylene Films Market is segmented into food & beverages, agriculture, stationary, textile, medical & pharmaceutical, architecture, and others. Among these, the food & beverages segment has the largest revenue share of 64.2% over the forecast period. Given their superior barrier properties to oxygen and moisture, CPP films are widely utilized in food packaging. It is ideal for both dry and fluid-based meals. Cast polypropylene film has acquired widespread adoption because of its high level of mechanical characteristics such as toughness, stiffness, and so on. Additionally, these films have good gaseous barrier capabilities against O2 and CO2, as well as water vapor transfer rates (WVTR). Furthermore, its inexpensive price and ease of procurement will drive the North America cast polypropylene films market over the projection period.
The report offers the appropriate analysis of the key organizations/companies involved within the North America Cast Polypropylene Films Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Pregis Corporation
- Alpine Material Solutions
- Tekra, LLC
- Achilles USA, Inc.
- Profol Americas, Inc.
- SunFlex Packagers, Inc.
- Griff Paper & Film
- Golden Eagle Extrusions, Inc.
- Polyplex (USA) LLC
- Advanced Barrier Extrusions
- Copol International, Ltd.
- Web Plastics Company
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America Cast Polypropylene Films Market based on the below-mentioned segments:
North America Cast Polypropylene Films Market, By Product
- General Films
- Metallic Films
- Retort Films
North America Cast Polypropylene Films Market, By Application
- Food & Beverages
- Medical & Pharmaceutical
North America Cast Polypropylene Films Market, By Country
- United States
Need help to buy this report?