Metalized Cast Polypropylene Film Market: Introduction
- Metalized cast polypropylene film, commonly known as CPP, is produced through casting process. These films are popular due to high impact resistance, moisture resistance, heat sustainability, printability, and dimensional stability. They are often used for packaging applications to increase the shelf life of products such as food, pharmaceutical, and cosmetics. Metalized cast polypropylene films also possess excellent machinability, which makes them an ideal choice for microwaveable packaging solutions and freezer bags.
- Metalized cast polypropylene films are a cost effective way for packaging of food, pharmaceutical, and cosmetic products. Metalized cast polypropylene films are a preferred choice of manufacturers due to their inherent properties such as low density and high yield of polymer.
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Key Drivers of Metalized Cast Polypropylene Film Market
- Rise in global population has led to all-time peak demand for food. Furthermore, changing lifestyles and rapid urbanization have created new opportunities for players in food industry with packaged food and ready-to-eat products. Metalized cast polypropylene films help extend the shelf life of food products. This is estimated to augment the market during the forecast period.
- Metalized cast polypropylene films are used in pharmaceutical and health care industry for packaging of drugs and to protect them against contamination for a long period of time. This is expected to boost the demand for metalized cast polypropylene films.
- Metalized cast polypropylene films are widely used to provide safe and efficient transport of pharmaceuticals, vaccines, and other temperature sensitive drugs which is anticipated to propel product demand in the near future
- Metalized cast polypropylene films are often used for brand-enhancing packaging applications of various food products which is expected to boost the market growth
- Increase in demand for attractive and safe packaging products from food & beverage industry is expected to drive the metalized cast polypropylene film market in the near future
- Technological advancement and increase in research & development activities to produce biodegradable metalized cast polypropylene films are likely to drive the metalized cast propylene film market during the forecast period
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Food & Beverage Segment to Dominate Global Metalized Cast Polypropylene Film Market
- Significant increase in need for packaged food, owing to rise in global population is projected to propel the demand for metalized cast polypropylene films in the near future
- Rise in use of metalized cast polypropylene films in manufacturing of re-closable pouches, side-weld seal bags, and sophisticated and multilayered laminations is anticipated to fuel the product’s demand
Metalized Cast Polypropylene Film Market: Restraints
- Rise in environmental concerns and stringent government policies toward volatile organic compounds (VOC) emissions and packaging wastes is expected to hinder the metalized cast polypropylene film market growth during the forecast period
- Availability of alternative packaging materials such as high barrier coatings and high barrier films is likely to hamper the market growth of the product during the forecast period, owing to properties of these alternatives such as better protection and cost efficiency
Asia Pacific Expected to Hold Significant Share in Metalized Cast Polypropylene Film Market
- In terms of region, the metalized cast polypropylene film market can be split into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is a dominant player in the global metalized cast polypropylene film market. Dominance of this region can be attributed to increase in applications of metalized cast polypropylene films in end-use industries such as food & beverage and pharmaceutical.
- North America is anticipated to gain traction due to high health care expenditure in the region, large investments in drug development, and use of metalized cast polypropylene films in packaging of pharmaceuticals
Key Players Operating in Market
Expansion of manufacturing facilities and sales network of key players coupled with substantial investments in research & development for the production of metalized cast polypropylene films is estimated to drive the global metalized cast polypropylene film market during the forecast period.
- Profol Group
- Mitsui Chemicals
- Zhejiang Yuanda
- Shanxi Yingtai
- Hubei Huishi
- Manuli Stretch
- Alpha Marathon
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