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New York, July 13, 2021/PRNewswire/ - By 2031, global sales of CPP packaging films are expected to reach US$8 billion. According to the latest revised report of Persistence Market Research, the market is expected to maintain a stable compound annual growth rate of more than 4% during the forecast period of 2021-2031.
CPP packaging films can extend the shelf life of products because they help prevent direct or indirect sunlight, chemicals and dust. A good shelf life increases buyers' confidence in buying products.
The cast polypropylene packaging film has a variety of thicknesses to choose from, which has attracted consumers' attention. CPP packaging film has excellent properties such as good transparency, scratch resistance, and heat resistance. Because of its appearance, there is a high demand for packaging enhanced by high-impact graphics.
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“Consumers’ propensity for hygienic packaging of edible products is expected to expand market growth. Due to the many advantages of CPP packaging film, many food, beverage and healthcare end users are considering it as an ideal solution. The expansion of these industries in Southeast Asia It is expected to create exponential profit opportunities for these players." An analyst from Persistence Market Research said.
The report highlights groundbreaking insights into the competitive scene of the CPP packaging film market, as well as the highlights of the differentiation strategy used by manufacturers.
Some of the major manufacturers identified throughout the value chain include Polyplex Corporation Ltd, Uflex Ltd, Jindal Poly Films Limited, Copol International Ltd., Bhineka Tatamulya Industri Pt, Mitsui Chemicals America, Inc., LC Packaging International BV and Futamura Chemical Co.. Limited company
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Persistence Market Research has released a new market study on the CPP packaging film market, covering global industry analysis for 2016-2020 and forecasts for 2021-2031.
Market research reveals convincing insights based on thickness (up to 18 microns, 18 to 50 microns, 50 to 80 microns and more than 80 microns), packaging (bags and sachets, packaging, lamination, labels, etc.) and other convincing insights. Uses (food and beverages, personal care and cosmetics, textiles and medical care) throughout seven major regions of the world.
Persistence Market Research (PMR), as a 3rd party research organization, does indeed operate through the exclusive merger of market research and data analysis to help companies succeed regardless of the turbulence faced by the financial/natural crisis.
Persistent market research is always ahead of the times. In other words, it develops market solutions by intervening in the company/customer's shoes before the company/customer enters the market secretly. The proactive approach adopted by the experts of Persistence Market Research can help companies/customers acquire technical business insights in advance so that they can simplify the follow-up course of action.
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