Skip to main content

Global Polypropylene Packaging Films Market Projected to Witness a Measurable Downturn; COVID-19 Outbreak Remains a Threat to Growth in the Near Future

Worldwide sales of polypropylene (PP) packaging films reached ~ 11,300 thousand tons in 2018, unveils the new research study by Future Market Insight (FMI). According to the report, the polypropylene packaging films market is estimated to grow by ~ 5% YOY in 2019, primarily influenced by the recent reforms coming into fore in the global packaging landscape.
According to the report, increasing focus on sustainable and cost-effective packaging formats is contributing to the build-up of polypropylene packaging films market through 2029. Consumer proclivity for recyclable formats, combined with exceptional strength and durability, will also continue to provide a fillip to sales of polypropylene packaging films in 2019 and beyond.
As flexible packaging continues to steal the spotlight, it is highly likely that a multitude of opportunities will be created for the key market players in the near future.
Flexible packaging is seeing an unprecedented growth in demand, with sustainability concerns and progressive economies collectively upholding the visibility of these formats. With convenience coming up as one of the key considerations, sales of flexible packaging forms are set for a massive upswing over the years to come.
According to the FMI report, end users will continue to markedly prefer for films with thickness in the range of 18 to 50 microns, with global sales poised to reach ~ 5,100 thousand tons in 2019. Demand for films with a thickness range of 51 to 80 micron is estimated to shoot up by the end of 2029, as end users seek user-friendly formats that are less vulnerable to external damage. Sales of BOPP type of polypropylene packaging films have been, and will continue to remain bullish, reveals FMI's study.
Global Polypropylene Packaging Films Market Segmentation By Product Type (BOPP, CPP); By Film Format (Clear Films, Coated Films, Matte Films, White Films, Metallized Films); By Thickness (Up to 18 micron, 18 to 50 micron, 51 to 80 micron, Above 80 micron); By Application (Bags & Pouches, Lamination, Tapes, Labels, Wraps, Others); By End Use (Food & Beverages, Personal Care & Cosmetics, Electric & Electronics, Industrial, Pharmaceuticals & Medical, Tobacco, Others)
Demand for BOPP type will majorly be driven by their moisture-resistant abilities and barrier properties, and will further be upheld by their surface gloss and transparency attributes. While clear films evidently stand out in terms of being the most 'sought-after' film types, end users are developing a fad for metallized films that would help them create visual cues favorable for their brands.
Explore Future Market Insights’ detailed coverage on, COVID-19 IMPACT ASSESSMENT TRACKER
Market Players to Double Investments in East Asia  
Food & beverages will continue to sustain high demand for PP packaging films, finds the report. In the food and beverage landscape wherein a wide range of products and their complex specifications call for flexible packaging formats, such as polypropylene packaging films. On account of properties such as high chemical resistance, low odor, and exceptional inertness, PP packaging film grades have marked their space in the food & beverage packaging space.
According to the study, growth opportunities for the polypropylene packaging films market players are picking pace in East Asia, owing to profound growth of the regional industrial ecosystems such as food & beverages, pharma, and others. Newer opportunities blooming in the East Asia polypropylene packaging films market are set in motion by the growing middle-class population, who have utmost contribution to the economy build-up across these regions.
FMI's business intelligence also underlines groundbreaking insights into the competitive scenario of polypropylene packaging films market along with highlights of the manufacturers' differential strategies. Key players in the polypropylene packaging films market will continue to draw upon the global sustainability drive by including 'green' offerings in their existing portfolios, which is likely to help them enhance customer confidence. For instance, Mondi plc.- an international packaging and paper group- made an official announcement that its coex PP food packaging film grades have been certified as 'recyclable'. According to the report, the manufacturers are also focusing on implementation of new enterprise resource planning (ERP) systems that would not only help in curbing operational costs but also fine-tuning efficient utilisation of resources.
More from FMI's Packaging Market Intelligence:
  • Collation Shrink Films Market
  • Freezer Liner Market
  • Cotton Bags Market
  • Self-fusing Silicone Tape Market
Press-Release Source – https://www.prnewswire.com/news-releases/polypropylene-packaging-films-market-to-reach-at-a-cagr-of-6-by-2029---future-market-insights-300900615.html
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Contact
Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20-7692-8790
For Sales Enquiries: sales@futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, ...
Post a Comment
Read more

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more

Aircraft Tire Market Challenges, Drivers, Outlook, Growth Opportunities - Analysis to 2031

 ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global  aircraft tire market  for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR exceeding  6%  throughout the forecast period. Increasing production of narrowbody and widebody aircrafts are spurring demand. The market posted steady growth in historical period, backed by the high demand of bias ply aircraft ties from military aviation industry. Consistent demand for narrowbody aircrafts backed by the high demand from defense and military sector across the U.S., India, China, and Germany bolstered the market growth. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-6112 Competitive advantage of bias ply over radial ply in providing higher strength, stability and ground traction will continue to fuelling the demand for former over t...
Post a Comment
Read more