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%.
The foamed polypropylene films is a mono-oriented polypropylene film that is cavitated through a foaming agent which produces air pockets in the film. Due to low density, closed air cell structure, and a smooth surface, the foamed polypropylene films is used as the labels and decoration products. Foamed polypropylene films is also known as polyolefin foam films.
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Along with traditional applications such as decorative ribbons, wire wrap, and sleeve-type labels, the foamed polypropylene films is finding its applications in different packaging solutions. The newer applications of foamed polypropylene films are pearlescent wrapping paper, tamper-evident seals, and airline tray liners.
The foamed polypropylene films is suitable for labeling in the fresh produce industry. The foamed polypropylene sheets are also increasing in demand due to excellent interleaving, surface protection, wrapping, vapor transmission, thermal, and insulation properties. The foamed polypropylene films are also used to manufacture packaging formats such as bags & pouches.
Global Foamed Polypropylene Films Market – Dynamics
Manufacturers are involved in the product developments to produce stronger and thinner industrial foamed polypropylene films. For instance, ultra-thin foamed polypropylene films are exploring new markets in the electronics industry for gaskets in electronic organizers, computer monitors, and cell phones.
The raw material suppliers for foamed polypropylene films are developing high-quality materials. Foamed polypropylene films require resin with added melt strength and additional density. Some polypropylene suppliers have come out with foamable grades.
Borealis AG, is an Austrian chemical company, recently enhanced its polypropylene melt strength by adding long-chain branching using a reactive extrusion\ method to create its Daploy™ grades. Daploy™ grades are developed to increase melt strength, make improved and extra uniform bubbles, and give advanced gloss. The foamed polypropylene films have strong threat of substitutes from foamed polyethylene films owing to enhanced offerings.
Global Foamed Polypropylene Films Market – Geographical Outlook
The United States is expected to lead the country-level market for foamed polypropylene films. Due to the high focus on research and development, the United States is expected as the home of key manufacturers for foamed polypropylene films.
Europe is expected to be leading region for adoption of foamed polypropylene films, owing to an increased application for labeling from Germany, U.K. & Russia end-users. The Asia Pacific is expected to be the most emerging market region for the foamed polypropylene films. Latin America and Middle East & Africa are expected to witness sluggish demand for foamed polypropylene films market due to minimal growth in the manufacturing sector.
Global Foamed Polypropylene Films Market – Key Players
The global foamed polypropylene films market is expected as consolidated, due to less number of manufacturers and limited market opportunity. For North America and Europe foamed polypropylene films market, the threat of new entrants is expected to be high as compared to the emerging Asia Pacific market.
Due to the less number of foamed polypropylene films manufacturers, the bargaining power of buyers is very low in Asia Pacific and Latin America as compared to the developed regions such as Europe and North America.
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 Cihazlar? Pazarlama A.?.
- Nowofol Kunststoffprodukte GmbH & Co. KG
- Brückner Group GmbH
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on packaging foamed polypropylene films market segments and geographies.
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Regional Analysis Includes
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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
- Others
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