Non-Cellular Polypropylene Film Market

Global non-cellular polypropylene film market is projected to see growth in both volume and value over the next eight years, with a forecasted CAGR of +2.0% for volume and +3.9% for value. The market saw a decrease in consumption in 2022, with notable fluctuations over the analyzed period. China, the United States, and India were the top consumers in 2022. Production and exports are also discussed, with China leading in both categories. Import prices and values are analyzed, with notable fluctuations over the period under review. The article provides in-depth insights into the global non-cellular polypropylene film market.

Market Forecast

Driven by increasing demand for non-cellular polypropylene films, sheets, foil and strip worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 17M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market value to $63.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Cellular Polypropylene Films, Sheets, Foil and Strip

In 2022, consumption of non-cellular polypropylene films, sheets, foil and strip decreased by -2.3% to 14M tons for the first time since 2013, thus ending a eight-year rising trend. The total consumption volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 15M tons in 2021, and then reduced in the following year.

The global non-cellular polypropylene film market revenue contracted slightly to $46.7B in 2022, falling by -4.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $48.9B, and then shrank slightly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (2.9M tons), the United States (1.9M tons) and India (1.1M tons), with a combined 41% share of global consumption. Indonesia, Pakistan, Russia, Japan, Brazil, Mexico, Italy, Germany, Canada and South Korea lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by South Korea (with a CAGR of +10.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polypropylene film markets worldwide were the United States ($7.4B), China ($6.9B) and Japan ($3.4B), with a combined 38% share of the global market. India, Indonesia, Mexico, Pakistan, Russia, Canada, Brazil, Germany, Italy and South Korea lagged somewhat behind, together comprising a further 27%.

South Korea, with a CAGR of +9.8%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of non-cellular polypropylene film per capita consumption in 2022 were Canada (6.8 kg per person), the United States (5.5 kg per person) and Italy (5 kg per person).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +9.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Cellular Polypropylene Films, Sheets, Foil and Strip

After five years of growth, production of non-cellular polypropylene films, sheets, foil and strip decreased by -2.3% to 14M tons in 2022. The total output volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 11%. Global production peaked at 15M tons in 2021, and then contracted in the following year.

In value terms, non-cellular polypropylene film production contracted to $46.6B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, global production reached the peak level at $53.1B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

China (3.4M tons) remains the largest non-cellular polypropylene film producing country worldwide, accounting for 24% of total volume. Moreover, non-cellular polypropylene film production in China exceeded the figures recorded by the second-largest producer, the United States (1.7M tons), twofold. The third position in this ranking was taken by India (1.2M tons), with an 8.4% share.

In China, non-cellular polypropylene film production expanded at an average annual rate of +5.8% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (-1.5% per year) and India (+3.7% per year).

Imports

World Imports of Non-Cellular Polypropylene Films, Sheets, Foil and Strip

In 2022, the amount of non-cellular polypropylene films, sheets, foil and strip imported worldwide declined slightly to 3.9M tons, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9%. As a result, imports reached the peak of 3.9M tons, leveling off in the following year.

In value terms, non-cellular polypropylene film imports rose rapidly to $12.9B in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports By Country

The countries with the highest levels of non-cellular polypropylene film imports in 2022 were the United States (327K tons), Germany (246K tons), Italy (219K tons), Spain (178K tons), France (162K tons), the UK (144K tons), Mexico (135K tons), Belgium (134K tons), Poland (133K tons), Japan (111K tons), the Netherlands (108K tons) and Canada (105K tons), together amounting to 52% of total import. Turkey (104K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +7.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polypropylene film importing markets worldwide were the United States ($1.3B), Germany ($971M) and Italy ($705M), with a combined 23% share of global imports.

Among the main importing countries, Italy, with a CAGR of +7.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average non-cellular polypropylene film import price amounted to $3,343 per ton, increasing by 5.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 16%. Global import price peaked at $3,439 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($3,945 per ton), while Belgium ($2,564 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Cellular Polypropylene Films, Sheets, Foil and Strip

In 2022, the amount of non-cellular polypropylene films, sheets, foil and strip exported worldwide declined to 3.8M tons, standing approx. at the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 9.6%. As a result, the exports reached the peak of 3.8M tons, leveling off in the following year.

In value terms, non-cellular polypropylene film exports totaled $13.2B in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 30%. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports By Country

In 2022, China (536K tons), followed by Germany (281K tons), Italy (250K tons), Turkey (186K tons) and India (175K tons) represented the largest exporters of non-cellular polypropylene films, sheets, foil and strip, together generating 38% of total exports. The United States (165K tons), Portugal (165K tons), Poland (147K tons), Belgium (101K tons), Bulgaria (94K tons), Thailand (88K tons), Indonesia (87K tons) and Mexico (83K tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +17.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polypropylene film supplying countries worldwide were China ($1.4B), Germany ($1.3B) and Italy ($939M), with a combined 28% share of global exports. The United States, Turkey, Portugal, Poland, India, Belgium, Mexico, Bulgaria, Indonesia and Thailand lagged somewhat behind, together comprising a further 31%.

Bulgaria, with a CAGR of +17.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average non-cellular polypropylene film export price stood at $3,500 per ton in 2022, with an increase of 5.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19%. The global export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($4,694 per ton), while Thailand ($2,299 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform