Americas Polypropylene (PP) Films Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Americas Polypropylene (PP) Films Market is Segmented By End-user Vertical (Food, Beverage, Pharmaceutical & Medical, Industrial), and Geography.

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Americas Polypropylene Films Market Size

americas polypropylene pp films market size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.20 %
Market Concentration Medium

Major Players

americas polypropylene pp films market key players

*Disclaimer: Major Players sorted in no particular order
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Americas Polypropylene Films Market Analysis

The America PP film market was valued at USD 6685.4 billion in 2020, and it is expected to reach USD 10093.72 million by 2026, registering a CAGR of 7.2 % during the forecast period (2021 - 2026). The PP films typically find their usage across primary and secondary packaging across food, pharma, and industrial, amongst others.

  • The regional market is witnessing strategic collaborations to boost their regional as well as domestic market presence. For instance, in November 2019, GELPAC, a Canadian provider of high-performance packaging solutions, strategically acquired WBC Extrusion Products, Inc., an American specialty manufacturer of single-use blown polymer films for the food, industrial, automotive, medical and commercial packaging industries.
  • The demand for biaxially-oriented polypropylene (BOPP) film is expected to grow over the forecasted period, despite pressure on plastics and few domestic recycling options for PP film. Hence, this is expected to provide further opportunities for the market players to gain maximum market traction.
  • In September 2019, Toppan USA, Inc. showcased films which are ideal for mono-material packaging, and provide outstanding recyclability. Toppan's original coating and deposition technologies which are expected to significantly transform the recyclability of flexible packaging.
  • Furthermore, Mexico continues to invest in environmental technology, especially in the areas of air and water pollution, and to a lesser extent in waste management.
  • In February 2019, Taghleef reported that its customers, including converters and end-users, are demanding excessively for its PLA biodegradable and compostable plant-based NATIVIA film range, as well as for their 100% recyclable BOPP films for use in straw wraps and flexible packaging for bakeries and other food producers.
  • Moreover, the coronavirus pandemic caused a drastic effect on the entire plastics manufacturing chain, with high resin inventories, dropping demand, and record-low global prices of materials and feedstocks. As a result, Polypropylene prices fell in March, due to a tighter supply situation.
  • Further, regulatory bodies such as FDA and ASTM have released guidelines associated with the production and use of polypropylene. These regulations also cover applications in the food packaging sector concerning the raw material and additives used in the production processes. These trends will remain key market influencers through and after the coronavirus pandemic.

Americas Polypropylene Films Market Trends

This section covers the major market trends shaping the Americas Polypropylene Films Market according to our research experts:

The Food Industry is Expected to Exhibit Maximum Adoption

  • The food industry is expected to hold the maximum share, majorly the organic packaged food and beverage segment, which comprises 47.4% to 52.6% of the USD 93.2 million value of the total in Brazil, according to Organic trade association. 
  • Food processing and packaging industries spend approximately 15% of the total variable costs on packaging materials. Industrial processing of food reduced consumption of animal protein, importation of raw materials and ingredients to be converted in the American countries, and scarcity of time to select/prepare food from fresh ingredients have enhanced innovation in food packaging.
  • The food packaging industry in American countries, demands polymer films possessing a defined barrier against permeation of gases, moisture, and flavor. The films based on metalized BOPP function with excellent barrier properties and can be used to overwrap food products.
  • CPP films are majorly used in packaging of food wraps, Candy, Confectionery, and bakery product packaging in the food industry due to features such as excellent heat seal strength, high puncture, and tear resistance, high yield per unit area and low specific weight, excellent moisture barrier and high transparency.
  • In the food packaging industry, specific CPP films are developed for niche applications. For instance, sterilizable CPP films are used for confectionery, bakery, dry, and processed food products. Also, CPP films are designed to provide high-speed packaging that meets the faster throughput of the packaging line. Metallic and General CPP film types are currently used in the Food Packaging Industry.
  • The increasing consumption of Confectionary, bakery products, and the rising snacking trend in the American region drives the growth of the CPP film market. For instance, According To Yummex Confectionary and Snacks 2019 report, the consumer in the Latin American region has spent 7.6% on Confectionary and snacks of their total spending on food and beverage. Also, Confectionary has a 33.8% share; Savoury snacks have 27.1% share, Sweet biscuits, Snacks Bars, and Fruit Snacks have 25.1% share of the total spending on the Confectionary and snacks in Latin America.
americas polypropylene pp films market trends

United States Expected to Dominate the Market

  • The United States is expected to dominate the market, as several vendors of BOPP films in the United States are adjusting their product portfolios to address the increasing requirement for consumer-friendly packaging solutions in the region. BOPP films that provide transparency in product packaging help customers to quickly examine the product, which is fueling the growth of the market in the region.​
  • Additionally, the rising demand for packaged food in the region is likely to drive the growth of the market, owing to the rising shelf-life of food products and the need to maintain product quality and sustainability.​
  • Retail outlets are the largest revenue-generating medium for food products in the United States. Flexible packaging products, such as BOPP films, have emerged as the preferred form of packaging in the region, due to their versatility, custom qualities, efficiency in conserving resources, and sustainability. They also offer consumers convenient shopping experience, as they are lightweight, and thus, minimize the effort required for carrying the products.​
  • The increasing penetration and growing convenience towards food, beverage, pharmaceutical, Industrial, amongst others, is driving the market for CPP films in the country as CPP films are a cost-effective packaging option and facilitate an increase in the shelf life of products with their high moisture barrier property. 
  • Moreover, the region has a prominent share in the flexible packaging industry, which is also fuelling the growth of CPP films. According to the Flexible Packaging Association report as of June 2019, The United States Flexible Packaging Industry has USD 31.8 billion in Sales in 2018. Also, Flexible Packaging is the second largest packaging segment in the United States, garnering about 19 percent of the USD 170 billion United States packaging market.
americas polypropylene pp films market analysis

Americas Polypropylene Films Industry Overview

The competitive landscape of the Americas PP Films Market is expected to move towards moderate fragmentation, as the region houses multiple vendors across all formats. With the presence of Toray, Oben Holding, the market has been observing multiple investments for local as well as global players. Further, the market players are witnessing strategic collaborations and acquisitions, as Latin America is witnessing significant investments in BOPP manufacturing, as the enterprises' propensity to produce locally is increasing. Also, significant developments such as new product launches is expected to boost the market presence of the market players.

  • June 2020 - Innovia Films launched a new family of highly functional and recyclable BOPP films, which are being marketed under the brand name Encore.
  • July 2019 - The AmTopp Division of Inteplast Group (Livingston, NJ) increased its stretch film manufacturing capacity by adding two cast film extrusion lines in its newly acquired facility in Remington, IN. This expansion will add 60 million pounds to Inteplast's current 385-million-pound capacity throughout its other locations in Lolita and Houston, TX; Charlotte, NC; and Phoenix, AZ; bringing its total name plate capacity to 445 million pounds.
  • January 2019 - Taghleef Industries completed the acquisition of Biofilm, thereby, expanding its presence in the region. With this acquisition, the company aims to provide the industry's best label films and products unique to Ti, such as DERPROSA and EXTENDO, among other Biofilm's range of innovative products, including high barrier metalized films and high seal integrity films.

Americas Polypropylene Films Market Leaders

  1. Toray Plastics (America), Inc.​

  2. Oben Holding Group

  3. Taghleef Industries

  4. Altopro S.A. de C.V.​

  5. Inteplast Group​

*Disclaimer: Major Players sorted in no particular order

Toray Plastics Inc, Oben Holding Group, Taghleef Industries, Altopro S.A. de C.V, Interplast Group.
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Americas Polypropylene Films Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Supply Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of Covid-19 on the Polypropylene Films Industry

  5. 5. MARKET SEGMENTATION - AMERICAS BOPP FILMS MARKET

    1. 5.1 End-user Vertical

      1. 5.1.1 Food

      2. 5.1.2 Beverage

      3. 5.1.3 Pharmaceuticals & Medical

      4. 5.1.4 Industrial

      5. 5.1.5 Other End-User Verticals

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

      2. 5.2.2 Latin America

        1. 5.2.2.1 Brazil

        2. 5.2.2.2 Argentina

        3. 5.2.2.3 Mexico

        4. 5.2.2.4 Rest of Latin America

  6. 6. MARKET SEGMENTATION - AMERICAS CPP FILMS MARKET

    1. 6.1 End-user Vertical

      1. 6.1.1 Food

      2. 6.1.2 Beverage

      3. 6.1.3 Pharmaceuticals & Medical

      4. 6.1.4 Industrial

      5. 6.1.5 Other End-User Verticals

    2. 6.2 Geography

      1. 6.2.1 North America

        1. 6.2.1.1 United States

        2. 6.2.1.2 Canada

      2. 6.2.2 Latin America

        1. 6.2.2.1 Brazil

        2. 6.2.2.2 Argentina

        3. 6.2.2.3 Mexico

        4. 6.2.2.4 Rest of Latin America

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Toray Plastics (America), Inc.

      2. 7.1.2 Oben Holding Group

      3. 7.1.3 Taghleef Industries

      4. 7.1.4 Altopro S.A. de C.V.

      5. 7.1.5 Inteplast Group

      6. 7.1.6 Cheever Specialty Paper & Film

      7. 7.1.7 Cosmo Films, Inc.

      8. 7.1.8 Copol International Ltd.

      9. 7.1.9 Poligal. S.A.

    2. *List Not Exhaustive

  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Americas Polypropylene Films Industry Segmentation

  • The report on the America PP film market studies BOP and CPP film used for packaging several products from extreme temperatures, gases, and moisture. Furthermore, these packages help in other properties, like extending the shelf life, and ultimately, maintaining the product quality and image. 
  • The market is segmented by different end-user industries among various countries in North America and Latin America region for BOPP and CPP film.
  • The study also covers the impact of Covid-19 on the PP film market in the American region.
End-user Vertical
Food
Beverage
Pharmaceuticals & Medical
Industrial
Other End-User Verticals
Geography
North America
United States
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
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Americas Polypropylene Films Market Research FAQs

The Americas Polypropylene (PP) Films Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)

Toray Plastics (America), Inc.​, Oben Holding Group, Taghleef Industries, Altopro S.A. de C.V.​ and Inteplast Group​ are the major companies operating in the Americas Polypropylene (PP) Films Market.

The report covers the Americas Polypropylene (PP) Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Americas Polypropylene (PP) Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Americas Polypropylene (PP) Films Industry Report

Statistics for the 2024 Americas Polypropylene (PP) Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Americas Polypropylene (PP) Films analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Americas Polypropylene (PP) Films Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)