Polypropylene Packaging Films Market to See High Demand, Size, Share & Growth in Upcoming Forecast Report by 2028

(The Express Wire via Comtex)

The global polypropylene packaging films market size is anticipated to grow exponentially because of the rising adoption of the product in the food and beverage industry because of its long shelf-life and safety. Cost-Effectiveness and the high material quality of the product can propel market growth. Fortune Business Insights™ mentions this information in its report titled "Polypropylene Packaging Films Market, 2021-2028."

Polypropylene packaging films are packaging materials created from the tubular process. Its heat sealing and softness make it ideal for lamination. Its cost-effectiveness, exceptional strength, excellent texture quality, printability, dimensional stability, and transparency make it an ideal choice as a packaging material. It is extensively used in the healthcare and food and beverage industry because of its increasing applications for product sealing and packaging. Polypropylene packaging films are used to seal vegetables and fruit packs to maintain their freshness and quality. Moreover, the increasing trend of online grocery shopping has surged the adoption of the product, thereby boosting the market growth in the foreseeable years.

Impact of COVID-19

Rising Adoption of the Material for Packaging Food to Bolster Market Growth

This market is positively impacted by the COVID-19 pandemic because of its use in packaging food and vegetables. Polypropylene packaging films provide shielding against the COVID-19 virus and protect food and other materials from getting contaminated. The rising demand for online shopping and food delivery has facilitated the growth of this market. Packaging food products by the film provides exceptional quality retention and protection against infection and germs. The product manufacturers report substantial demand from healthcare and the food and beverage sectors for the product.

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Segments

By type, the market is segregated into biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP). On the basis of application, it is categorized into bags and pouches, table and labels, and others. As per the end-user, it is divided into food, beverage, healthcare, industrial, and others. Geographically, it is clubbed into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Highlights of the Report

  • This report conducts an analysis of the leading segments and the latest market trends.
  • It conducts a comprehensive study of the impact of COVID-19 on the market and the driving and restraining factors.
  • This report examines the regional developments and the strategies implemented by the market's key players.

Drivers and Restraints

Rising Adoption of BOPP Material in the Food and Beverage Sectors to Nurture Growth

Biaxially oriented polypropylene (BOPP) is a moisture-resistant packaging material that is extensively used in the food and beverage sector because of its shelf appeal and visual clarity. The material offers exceptional printability because of the clarity of prints offered by the material. Logos, packaging dates, laminations, product information, and other factors can be easily printed over the material. It is extremely cost-efficient and offers excellent sealing properties to the product. It is used for sealing meat products, vegetables, fruits, and other products to preserve their quality and freshness. The polypropylene packaging material offers an extremely longer shelf-life to the product, thereby providing consumers with excellent quality food products. Online shopping websites have developed substantially during the COVID-19 pandemic. Polypropylene packaging films are extensively used for groceries and meat products to maintain quality and enhance protection against infections and contaminations. The product's reliability for packaging food products is likely to drive the polypropylene packaging films market growth.

However, the availability of aluminum foils and polyethylene material is expected to hamper the market growth.

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Regional Insights

Robust Demand from Healthcare Sectors to Enhance Growth in Asia Pacific

Asia Pacific is projected to dominate the polypropylene packaging films market due to strong product demand from the healthcare sector. The rising per-capita income of the population in this region has facilitated the demand for properly packaged health supplements, thereby boosting the market growth.

In North America, the rapid adoption of polypropylene packaging films in the food and beverage industry can bolster market growth.

Robust demand for the polypropylene packaging films in pouches and bags in Europe is likely to boost product demand. Germany and the UK are the dominant countries for the adoption of packaging films, which, in turn, can propel market growth.

Competitive Landscape

Prominent Companies to Expand Manufacturing Lines to Enhance Product Portfolio

Crucial entities in the competitive space are focusing on expanding their manufacturing line to enhance their product portfolio. For example, Max Speciality Films Limited (MFSL) announced its fifth BOPP polypropylene packaging film production line named Line 5 in June 2018 to enhance its production capacity from 46.35 KTPA to a whopping 80.85 KTPA. This expansion of its production line shall enable the company to enhance its product portfolio. In addition, the key players are launching novel products to satisfy consumer demand. For example, Cover is announced a new cast of polypropylene packaging films to package non-food, food, and pet food products in January 2020. This launch shall enable the company to satisfy the consumer demand for a variety of polypropylene packaging films.

Industry Development

  • June 2020: Innovia announced Encore, a recyclable range of BOPP films, to reduce greenhouse gas emissions.

List of Key Players Profiled in the Polypropylene Packaging Films Market Report

  • MITSUI CHEMICALS AMERICA INC.
  • Lyondell Basell Industries Holdings
  • Blueridge Films Inc.
  • Cosmo Films Ltd.
  • Polyplex Corporation Ltd.
  • TRINIFLEX
  • Jindal Poly Films
  • Profol Group
  • Manuli Stretch s.p.a
  • Polibak
  • Panverta

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Press Release Distributed by The Express Wire

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