According to the research report titled ‘Asia Pacific Cast Polypropylene Films Market Forecast 2027 By Application, By Product, By Thickness, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific cast polypropylene films market is anticipated to reach a valuation of USD 983 million over 2021-2027.

According to credible estimates, increasing disposable income levels among the population, as well as significant economic transformation in developing nations which is boosting customers' lifestyles are the major growth determinants for Asia Pacific cast polypropylene films market.

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Based on application ambit, the food & beverages segment held 55% industry share in 2020 and is slated to grow significantly through 2027, owing to heat resistant property of product which makes it suitable for food packaging. Inclination towards packaged & processed foods is boosting the demand for cast polypropylene (CPP) films.  

Whereas the stationary segment is poised to witness notable growth rate in the coming years, due to growing educational needs of children and widespread usage of laminated paper products.

Meanwhile, the medical & pharmaceutical segment is likely to generate revenues throughout the analysis timeframe, on account of flourishing pharma vertical which is boosting the demand for product.

In terms of product terrain, Asia Pacific cast polypropylene films industry share from the general segment was 59% in 2020, because of beneficial features like glossy surface, good clarity, excellent seal strength, as well as extensive usage in packaging industry.

On the basis of thickness, the 20-30 microns segment had 51% revenue share in 2020, owing to widespread product deployment in packaging due to its excellent flexibility, cheap price range, and flourishing trend of food takeaways.

As per estimates, China industry is reckoned to rise significantly over the forecast period, due to an ongoing economic transformation in the nation, and rapid growth in agriculture, food & beverage, and textiles industries.

Cosmo Films Limited, 3B Films Private Limited, Polyplex Corporation Ltd., Tri-Pack Films Limited, Profol Group, Jindal Poly Films Limited, Mitsui Chemicals Tohcello Inc, and UFlex Limited are the leading players in Asia Pacific cast polypropylene films marketplace.