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Cast Polypropylene (CPP) Films Market to Hit USD 1.89 bn by 2026

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The global cast polypropylene (CPP) films market size is expected to reach 1.89 billion by 2026 and will grow at a CAGR of 5.95% over the forecast period.

LOS ANGELES, June 12, 2019 (GLOBE NEWSWIRE) — Acumen Research and Consulting announced a research study titled “Cast Polypropylene (CPP) Films Market (By Type: General CPP Films, Retort CPP Films, Metalized CPP Films, Others; By Thickness: 20-30 microns, 30-50 microns, Above 50 microns; By Application: Food Packaging, Textile Packaging, Drug Packaging, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”.

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Cast polypropylene (CPP) films have a few valuable properties from a mechanical point of view, for example, straightforwardness, high effect quality, heat supportability, dimensional dependability, printability, are produced utilizing high-grade crude materials, and laminating perspectives. As a few of these businesses contact new tops sooner rather than later, the demand in the worldwide cast polypropylene films market is anticipated to grow at a hearty rate during the forecast time frame.

The adaptable qualities of CPP or cast polypropylene packaging films have reinforced their utilization in the packaging of sustenance items. Developing economies are seeing a lavish demand for comfort sustenance including bread shop, tidbits, and the sky is the limit from there, attributable to changing ways of life of the general population. There is likewise an expanding demand for new, solid, and advantageous prepared to-eat sustenance items that should be bundled cautiously to keep up the time span of usability. CPP packaging films address this issue and by giving better insurance against microorganisms, guarantee that the put away nourishment items are sheltered and new for utilization.

Producers are consolidating different materials, for example, PVDC, EVOH, and PA, which are being utilized as boundary materials. Alongside different elective packaging materials, high-boundary coatings are likewise being utilized these days. A portion of the makers utilizes a blend of both high obstruction coatings and high boundary films to give better security to the bundled items. An India based producer, Cosmo films, has likewise propelled new and straightforward hindrance films that can be folded around espresso and tea, scent boxes, biting gums and that’s just the beginning. These elective items may confine the development of the worldwide CPP packaging films market to a limited degree.

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The global cast polypropylene (CPP) films market is segmented into type, thickness, application, and region. On the basis of type, the global market is segmented into general CPP films, retort CPP films, metalized CPP films, and others.On the basis of thickness, the global market is segmented into 20-30 microns, 30-50 microns, and above 50 microns. On the basis of application, the global market is segmented into food packaging, textile packaging, drug packaging, and others. On the basis of geography, the global market is segment into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Cast polypropylene films are picking up notoriety in the restorative and pharmaceutical industry attributable to its properties, for example, high warmth opposition, high cut, and tear obstruction and phenomenal packaging uprightness at extraordinary temperatures. Solid development in the pharmaceutical business will help the CPP films market to become further sooner rather than later.

Metalized CPP films demand is foreseen to develop with the most elevated CAGR during the forecast timespan because of their high hindrance properties. Developing nourishment packaging and farming industry will drive the item to demand in the coming years.

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As indicated by the European Union, China was the world’s biggest nourishment and refreshments market and is probably going to develop with exponential CAGR during the forecast time allotment. Cast polypropylene film demand in horticulture application segment is anticipated to develop with a CAGR over 5% in coming years inferable from the expanding farming exchange between the nations. Be that as it may, solid substitution treat from biopolymer films by virtue of its economic characteristics will hamper CPP films market estimate for sustenance packaging applications.

Cast polypropylene films demand in Latin America will develop with a 6% CAGR during the forecast time frame. Expanding demand for nourishment packaging in the region is foreseen to be the central point behind it. Expanding white collar class populace and expectation for everyday comforts in nations, for example, Brazil, Mexico is anticipated to drive the sustenance packaging market development in the region over the forecast time frame. Asia Pacific market is forecast to remain the biggest before the finish of 2025. Expanding populace and improvement in end-client enterprises are energizing the item demand in the region.

Major companies contributing the global cast polypropylene (CPP) films market are 3B Films Ltd., Copol, Jindal Poly Films, Manuli Stretch, Mitsui Chemicals, Panverta, Plastchim-T, Polibak, Poligal, Polyplex, Profol, Tri-Pack Films, and Uflex.

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IT Industry

Ctrip CEO Jane Sun’s Support Enables Harvard to Empower Female Leaders in Global Health Through New Fellowship Program

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SHANGHAI, China, June 19, 2019 (GLOBE NEWSWIRE) — This week, Jane Sun, CEO of Ctrip.com International, Ltd. was named the leading supporter of the Women in Global Health LEAD Fellowship at Harvard University, which was recently launched by The Harvard Global Health Institute (HGHI) and the university’s Women and Health Initiative. Five female global health pioneers chosen as part of the Fellowship will spend an initial semester at Harvard, and then receive an additional year of mentorship as they execute their leadership plans back at their home institutions. As the world’s second largest online travel agency, Ctrip has been consistent advocate of gender equality in the workplace and has implemented a wide array of initiatives to support female employees.

Jane Sun, CEO of Ctrip.com International, Ltd. was named the leading supporter of the Women in Global Health LEAD Fellowship at Harvard University.

Women continue to be underrepresented in leadership roles in the public health, medicine and life sciences sectors. While only about 25% of leadership positions in the global health industry are occupied by women, females represent an estimated 70% of people working in the industry. Harvard’s Women in Global Health LEAD Fellowship was created to address this inequality and empower more women to become leaders in the health industry.

The five fellows were selected from over 300 applicants from 29 nations, and the inaugural cohort includes the founder of a non-profit tackling HIV/AIDS in 36 Indian States, a pioneer of people-centered care from Moldova and an award-winning youth and reproductive health-advocate from Malawi.

Ashish K. Jha, the Faculty Director at HGHI and Dean for Global Strategy at the Harvard T.H. Chan School of Public Health said, “We are proud to partner with the Women and Health Initiative to ensure that Harvard is part of the solution to increasing the role of women as leaders in global health public health, enabling the next generation of leaders to have even greater impact. And I am particularly grateful of Ms. Jane Jie Sun, a visionary supporter of our effort.”

The fellowship was made possible by Jane Sun, the leading supporter of the fellowship. Ms. Sun is the only female CEO in China’s online travel industry and one of very small number of female CEOs in the Chinese technology tech industry. Ms. Sun has been a consistent advocate of gender equality in the workplace and encouraged Ctrip’s female employees to take leadership roles in the company as a matter of priority.

Ms. Sun said, “At the year end, of the majority of employees who proactively ask for promotions are male, and there are very few females who come and talk with me about career development and advancement. I always make an effort to encourage our female employees to put themselves forward for leadership roles, as a reflection of their invaluable contributions to our company.”

Under Ms. Sun leadership, half of Ctrip’s employees are now female and one third of executives in high-level positions are female, figures which are much higher than average in the internet industry, whether in China or Silicon Valley. Ctrip has adopted a wide variety of benefits and enacted measures designed to help women tackle difficulties in balancing their work and family lives. Pregnant female employees at Ctrip are able to reimburse their taxi fees, and education subsidies are given to both male and female employees who have a new baby. Last year, Ctrip decided to allocate up to 2 million RMB to help female employees to freeze their eggs, becoming the first large Chinese technology company to offer this benefit after Apple and Facebook. 

For further information, please contact:

International PR
Ctrip.com International, Ltd.
Tel: (+86) 21 3406 4880 ext 196455
Email: Pr@ctrip.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96b0766a-cde6-4435-9dbd-0f961a56ea54

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IT Industry

HP Reveals Bold New Commitments for Driving a Circular and Low-Carbon Economy

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Sustainable Impact programs drove more than $900 million of new revenue, a 35 percent increase year-over-year

HP releases 2018 Sustainable Impact Report affirming commitment to People, Planet and Community. News highlights:

  • Generates $900 million dollars of new revenue, an increase of 35% over 2017
  • Announces industry-leading goal to increase recycled content plastic in its Personal Systems and Print hardware and supplies to 30% by 20251
  • Sets timeline to power its global operations with 100% renewable electricity by 2035; achieved 100% renewable electricity in the United States
  • Increases new hires from under-represented groups to 59% in the U.S in 2018
  • Reaches 21 million students and adult learners through quality education programs, partnerships since 2015, toward its goal to enable better learning outcomes for 100 million people by 2025

PALO ALTO, Calif., June 19, 2019 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) today released its 2018 Sustainable Impact Report, including an industry-leading goal to increase recycled content plastics across its print and personal systems portfolio to 30% by 2025, continuing the company’s long legacy of leadership in this area. The report documents the progress HP is making and the business benefits of investing in the planet, people and communities. Sustainable Impact programs drove more than $972 million dollars of new revenue for HP in 2018, a 35% year-over-year increase.

“Companies have critically important roles to play in solving societal challenges, and we continue to reinvent HP to meet the needs of our changing world,” said Dion Weisler, President & Chief Executive Officer, HP Inc. “This isn’t a ‘nice to do,’ it’s a business imperative. Brands that lead with purpose and stand for more than the products they sell will create the most value for customers, shareholders and society as a whole. Together with our partners, we will build on our progress and find innovative new ways to turn the challenges of today into the opportunities of tomorrow.”

Tackling global plastic waste
HP’s new recycled content plastics goal builds on the company’s long legacy of leadership in this area. In 2018, HP used 21,250 tonnes of recycled plastic in HP products – including more than 8,000 tonnes in its Personal Systems products (a 3.5% increase from 2017), more than 4,700 tonnes in its printing products (a 280% increase from 2017) and more than 8,000 tonnes in Original HP ink and toner cartridges.

“Progress requires us to rethink every aspect of our business to find new ways to make life better for everyone, everywhere,” said Nate Hurst, Chief Sustainable Impact Officer, HP. “We are making durable, premium products using recycled plastic as part of our efforts to transform our business to drive a more efficient, circular and low carbon economy. Even small advancements, scaled globally, can have a huge impact.”

As part of this commitment, HP continues to invest in and scale its impact sourcing initiative to prevent post-consumer plastic from entering our waterways and oceans. HP has already sourced approximately 700,000 pounds of ocean-bound plastic materials—or more than 25 million bottles—upcycling this material into HP cartridges and hardware. This year, HP launched the EliteDisplay E273d – the world’s first display manufactured with ocean plastic.2 Together with its partners, including NextWave Plastics, HP is committed to scaling the use of ocean-bound plastics by developing the first global network of ocean-bound plastics supply chains. 

In partnership with Dr. Jenna Jambeck and Dr. Chris Cuomo from the University of Georgia, HP is sponsoring groundbreaking research on women’s crucial work in recycling and managing waste, specifically ocean-bound plastics. By focusing on the experiences of women working on the frontlines of plastic recycling, this research will serve as a basis for future projects and commitments involving informal waste collection, the development of ocean-bound plastic supply chains, and greater gender equality worldwide. This research is underway now and is scheduled to be released by early 2020.

Enabling customers to do more, with less impact
Recently, HP announced a sustainable publishing partnership with ELLE Magazine using its print on demand capabilities to deliver the industry’s first sustainable fashion magazine made from 100% recycled materials for the cover and 30% recycled materials for the pages within the magazine.

HP also announced an innovative partnership with SmileDirectClub, the pioneer of teledentistry and market leader in doctor-directed, remote clear aligner therapy. SmileDirectClub is powering its digital differentiation and rapid manufacturing expansion of clear aligners with HP’s Jet Fusion 3D printing solutions, making it the largest producer of Multi Jet Fusion 3D printed parts in the United States. As part of an expanded collaboration, HP and SmileDirectClub also announced a new recycling program, in which excess 3D material and already processed plastic mouth molds are recycled by HP and turned into pellets for traditional injection molding, leading to more sustainable production.

Reinventing the standard for diversity and inclusion
HP’s commitment to diversity and inclusion starts at the top, with the industry’s most diverse Board of Directors of any U.S. technology company. HP works to grow its pipeline for diverse talent, and in 2018, 59% of new hires were from typically underrepresented groups. HP extends this commitment to how it works with suppliers. In 2018, HP spent $423 million with small businesses3 and $219 million with minority- and women-owned businesses.4 5

Creating vibrant communities everywhere
Education is a fundamental human right, and HP believes that technology can be the great equalizer – helping to bridge the gap and reach typically underrepresented and otherwise marginalized communities. Through 2017, HP has reach more than 21 million students and adult learners, driving progress toward our goal to enable better learning outcomes for 100 million people by 2025. Through HP volunteer efforts, corporate giving and HP Foundation programs, HP aims to catalyze positive change in the communities where we live, work, and do business. Compared to 2017, HP employee volunteer hours increased by 62% – 6,400 employees contributed about 140,000 hours to local volunteer efforts in 48 countries, with a value of $4.3 million.6 In addition, HP contributed $23.21 million to local communities from HP Foundation and employee contributions. Between 2016-2025, HP commits to contributing $100 million in HP Foundation and employee community giving.7

The Sustainable Impact Report will be unveiled today at the MIT Solveathon at HP’s headquarters in Palo Alto. Facilitated by the MIT Solve staff and supported by innovators, researchers and creative thinkers from HP, this event focuses on generating fresh ideas and refining solutions from the Bay Area community in response to Solve’s circular economy challenge.

Learn more

To learn more, visit the HP Sustainable Impact website, and review the newly released HP 2018 Sustainable Impact Report. 

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About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of personal systems, printers, and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.

Media contact
Tom Suiter
Tom.suiter@hp.com
www.hp.com/go/newsroom 

1 Recycled content plastic (RCP) as a percentage of total plastic used in all HP personal systems and printer hardware and print cartridges shipped during the reporting year. Total volume excludes brand-licensed products and after-market hardware accessories. Total RCP includes postconsumer recycled plastic, closed-loop plastic, and ocean-bound plastic used in HP products. Personal systems plastic is defined by EPEAT® eco-label criteria. Subject to relevant restrictions on the use and distribution of materials destined for recycling and/or recycled feedstocks.
2 Contains 5% ocean bound plastic resin which is equivalent to more than three 16 oz. recycled plastic water bottles in each display.
3 Data is for the 12 months ending September 30 of the year noted. Figures for 2016 are for purchases in the United States, Puerto Rico, Canada, Europe, and Asia, from U.S.-based businesses, and include one month of spending from before the separation of Hewlett-Packard Company on November 1, 2015. Figures for 2017 and 2018 are for purchases in the United States and Puerto Rico from U.S.-based businesses.
4 Suppliers are categorized as minority-owned or women-owned, not both. These categories include all sizes of businesses.
5 Data is for the 12 months ending September 30 of the year noted. Figures for 2016 are for purchases in the United States, Puerto Rico, Canada, Europe, and Asia, from U.S.-based businesses, and include one month of spending from before the separation of Hewlett-Packard Company on November 1, 2015. Figures for 2017 and 2018 are for purchases in the United States and Puerto Rico from U.S.-based businesses.
6 Hourly rate based on type of volunteering: $150/hour for board, service corp, pro bono, and skills based; $24.69/hour for hands-on and undetermined, adjusted using World Bank data for purchasing power differences across countries.
7 Includes valuation of employee volunteer hours, employee donations, HP Foundation match, and HP Foundation grants.

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IT Industry

The Swedish FSA obliges Hoylu to pay fine

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The Swedish Financial Supervisory Authority (the ”SFSA”) has decided to impose Hoylu AB (publ) a fine of SEK 2.1 million due to shortcomings in the company’s information disclosure in connection with two press releases issued by the company in April, 2017.

The decision is available at the SFSA’s website, www.fi.se.

Stein Revelsby, CEO: “This incident took place more than two years ago. Hoylu has since then taken measures to avoid similar incidents. We respect the decision by the SFSA as such, but do not consider the fee to be proportional”.

For more information, please contact:
Stein Revelsby, CEO at Hoylu +1 213 440 2499 Email: sr@hoylu.com
Karl Wiersholm, CFO at Hoylu +1 425 829 2316 Email: kw@hoylu.com

Om Hoylu
Hoylu delivers innovative enterprise solutions to allow global teams to collaboratively plan, create and share information that enrichen the user experience in the virtual office. The Hoylu Suite delivers a comprehensive set of personalized connected workspaces to enable teams across locations, on any device, to work smarter and with more fun across major industries including Engineering, Education, Pharmaceutical, Construction, Manufacturing, Graphic Design and many more.

www.hoylu.com

Ticker symbol: Hoylu
Marketplace: Nasdaq First North Stockholm
Certified Adviser: Mangold Fondkommission AB +46 (0) 8 50 301 550

This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:52 CET  on June 19, 2019.

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