Global Bio-Based Polypropylene Market Size study & Forecast, by Application (Injection, Textile, Films, Others) and Regional Analysis, 2023-2030

Global Bio-Based Polypropylene Market Size study & Forecast, by Application (Injection, Textile, Films, Others) and Regional Analysis, 2023-2030

Global Bio-Based Polypropylene Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Bio-based polypropylene (bio-PP) is a type of polypropylene that is derived from renewable biomass sources, such as plants, instead of traditional fossil fuels. Polypropylene itself is a thermoplastic polymer widely used in various applications due to its excellent combination of properties, including high chemical resistance, low density, and good thermal stability. The key factors driving the market growth are increasing demand for sustainable products, rising environmental concerns regarding the usage of conventional plastics, and growing demand for bio-based materials that are anticipated to create a lucrative demand for the market during the forecast period 2023-2030.

Additionally, the rising demand for biomaterials has contributed to the growth of the Bio-Based Polypropylene (bio-PP) Market. The growing awareness of environmental issues and the need for sustainable alternatives has led to increased demand for bio-based products, including bio-PP. Consumers and businesses are increasingly seeking eco-friendly solutions to reduce their carbon footprint and dependence on fossil fuels. According to Statista, in 2017, the value of biomaterials worldwide was USD 83.76 billion and the number reached USD 151.65 billion in 2021. As a result, the growing demand for biomaterials are anticipated to support market growth. Moreover, the supportive government regulations and policies, and the growing packaging industry are anticipated to create lucrative opportunities for the market. However, the increasing competition from synthetic polymers stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Bio-Based Polypropylene Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing focus on sustainability and the desire to reduce reliance on fossil fuels, stringent environmental regulations and policies aimed at reducing carbon footprint and promoting sustainable practices, and the presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the increased awareness of environmental issues and a growing emphasis on sustainable practices, rising demand for sustainable packaging, investments in research and development, and expansion of biorefineries and feedstock availability.

Major market player included in this report are:
Trellis Earth Products, Inc.
Novamont SpA
Global Bioenergies
LyondellBasell Industries Holdings B.V.
FKuR Kunststoff GmbH
Reliance Industries Limited
Sinopec Group
Mitsubishi Chemical Holdings Corporation
Biobent Polymers
PTT Global Chemical Public Company Limited

Recent Developments in the Market:
 January 2023: Braskem has unveiled plans to explore an investment opportunity focused on the production of carbon-negative bio-based polypropylene (PP) within the United States. This initiative involves leveraging Braskem's established and exclusive technology to transform bioethanol into bio-based polypropylene through a physically segregated process.

Global Bio-Based Polypropylene Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application:
Injection
Textile
Films
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.