Competitive Landscape of the Japan Polypropylene Packaging Films...

Competitive Landscape of the Japan Polypropylene Packaging Films Market, 2023-2033

نشر بتاريخ 2023-06-06 11:16:08

2كيلو بايت

Japan polypropylene packaging films market is anticipated to reach US$ 883.5 million by 2023. Through 2033, Japan's overall sales of polypropylene packaging film will increase at a 2.1% CAGR. The Japan market will be worth more than US$ 1,090.9 million by the end of 2033.

Rising applications of polypropylene packaging films in industries such as food & beverage and electronics are driving Japan market forward.

Polypropylene films have become ideal packaging solutions for protecting items from external actors. They improve the shelf life of products such as food items. Hence, the growing usage of polypropylene films for packaging food products will boost sales in Japan.

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Increasing awareness regarding the importance of environmental protection is creating demand for environmentally friendly products. Similarly, increasing plastic waste and regulations implemented by the government of Japan regarding single-use plastic are supporting the development of sustainable packaging products.

Packaging films for food are manufactured of several materials with various properties, such as polyethylene films, aluminum foil, and PET films, which must meet high functionality standards. These are called multi-layer packaging. They are not easy to recycle because they include multiple materials.

As a solution to this, new mono-material packaging films made of polypropylene are being developed. For instance, in February 2021, Toyobo Company developed a new film made from BOPP that will enable the creation of mono-material products.

The film provides excellent processing usefulness and high gas barrier property along with fulfilling the international safety measures of packaging material. The film can be recycled and does not emit harmful gas while incarnating and recycling.

The development of such packaging films suitable for recycling will support market expansion across Japan.

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Key Takeaways from Japan Polypropylene Packaging Films Market

Polypropylene packaging film sales in Japan are likely to rise at 2.1% CAGR through 2033.
Japan polypropylene packaging market valuation will reach US$ 1,090.9 million by 2033.
By product type, BOPP film segment will hold around 70% share of the market while CPP film segment is set to expand by 1.3x its current value by the end of 2033.
By film format, the clear films segment is set to hold a market share of 25% by 2033 while the metalized films segment will expand at 2.8% during the forecast period.
Based on thickness, the above 80-micron segment will thrive at 2.9% CAGR through 2033.
By end use, the food & beverage segment will account for 44% of the total market by the end of 2033.

"The expansion of the food industry in Japan is set to bolster the overall sales of polypropylene films. This is because these films offer very high moisture and oxygen barrier properties." says an FMI analyst.

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Who is Winning?

Toray Industries, Inc., Cosmo Films Ltd., Polyplex Corporation Ltd., Futamura Chemical Co., Ltd, Toyobo Co., Ltd., Mitsui Chemicals Tohcello, Inc, Takigawa Corporation, Idemitsu Unitech Co., Ltd., Kisco Ltd., and Toppan, Inc. are few of the leading polypropylene packaging film manufacturers in Japan.

Japan Polypropylene Packaging Films Market by Category

By Product Type: