Market overview for foamed polypropylene films from 2023 to 2033
The market for foamed polypropylene films is projected to reach a value of US$ 8.9 billion in 2023 and US$ 16.2 billion in 2033, indicating a CAGR of 6.1% during the forecast period. Between 2018 and 2022, the market for foamed polypropylene films experienced a CAGR of 4.7%.
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The market is currently expanding due to an increase in demand from the main end-use sectors. Market growth for foamed polypropylene films is projected to be aided by rising demand for long-lasting foams and recyclable foams. Over the projection period, other factors such the expansion of the automotive industry, increased disposable income, and changes in consumer lifestyles will drive the market for packaging-purpose foamed polypropylene films.
The market’s most lucrative end-use sector was the packaging sector. Growing consumer preference for packaged and frozen foods is anticipated to support the packaging industry’s expansion and ultimately benefit the market as a whole. The market is also projected to be driven by a growth in demand for polypropylene made from biomaterials.
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The technological benefits of foamed polypropylene, including its multiple impact resistance, superior energy absorption, water and chemical resistance, hygienic and easy-to-handle nature, and recyclable nature of material, are to blame for the rise in demand. These films’ benefits make them a perfect choice for end-user industries like packaging and the automobile industry, which further propels market expansion.
Some of the key players operating in the global foamed polypropylene films market are as follows
- Lenzing Plastics GmbH
- Toray Plastics (America), Inc.
- Gürfil Sanayi ve Elektronik Cihazlari Pazarlama A.S.
- Nowofol Kunststoffprodukte GmbH & Co. KG
- Brückner Group GmbH
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Global Foamed Polypropylene Films Market – Segmentation
The global foamed polypropylene films market has been segmented into thickness, application, and end-user industry.
On the basis of thickness, the global foamed polypropylene films market has been segmented into:
- Up to 80 microns
- 81-120 microns
- Above 120 microns
On the basis of application, the global foamed polypropylene films market has been segmented into:
- Flocking
- Decorative Products
- Labels
- Tapes
- Packaging
On the basis of end-user industry, the global foamed polypropylene films market has been segmented into:
- Food & Beverages Industry
- Textile Industry
- Decor & Furniture Industry
- Packaging Industry
- Cable industry
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