Insights on the CPP Packaging Films Global Market to 2027 – U.S. Market is Estimated at $1.4 Billion

The “CPP Packaging Films: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for CPP Packaging Films estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$7 Billion by 2027, growing at a CAGR of 4% over the analysis period 2020-2027.

Bags & Pouches, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wraps segment is readjusted to a revised 4.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 6.6% CAGR

The CPP Packaging Films market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$923.6 Million by the year 2027.

Lamination Segment to Record 3.5% CAGR

In the global Lamination segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$834.4 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.7% CAGR through the analysis period.