The bio-polypropylene market was USD 32,480 thousand in 2024 and is projected to reach USD 1,16,028 thousand by 2029, at a CAGR of 29.0% between 2024 and 2029. The Global market research report is a comprehensive analysis of the current market trends, bio-polypropylene market growth, demand, future prospects, and other pivotal factors that drive the market. Bio-polypropylene is a thermoplastic polymer made from biological resources like vegetable oils and biomass, making it an alternative to conventionally derived polypropylene. This polymer has many of the same properties as conventional polypropylene, such as resistance to fatigue and functionalizes in applications. Since environmental problems of fossil fuels-based plastics are increasing, there is a need for bio-based substitutes such as bio-polypropylene that grows along.
A number of interactive factors are leading to the increasing use of bio-polypropylene and this trend is expected to continue in the future. As environmental consciousness grows and market trends lean toward sustainability, consumers and businesses are increasingly looking for the environmentally conscious version of the traditional plastic. Bio-polypropylene produced with sustainable feedstocks such as corn or sugarcane featuring carbon footprint reduction and biodegradability has begun to be highly desired by environmentally-minded consumers. Furthermore, the proliferation of plastic pollution and the rising government regulation to restrict plastic pollution and promote bio-based substitutes are prompting industry to use bio-based options. This has been extended by technological development which enhances the characteristics of bio-polypropylene along with its corresponding performance, to gain competitiveness over conventional polypropylene both in performance and cost effectiveness. The rise in market demands for critical industries, particularly from the packaging and automotive industry, for lightweight and sustainable materials is significantly boosting market growth.
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Flims application segment is anticipated to be the largest segment in bio-polypropylene market during the forecasted period in terms of value.
The bio-polypropylene market is segmented based on application i.e. Injection molding, textiles, films and other application. The films segment is the driving force in the bio-polypropylene market due to its wide spread application in packaging fields, especially in food and beverages. Its high barrier properties, weightlessness, and biodegradability facilitate the adoption of the material for environmentally friendly packaging applications, leading to a high current demand in this field. The films segment is leading the bio-polypropylene market owing to its wider application in packaging processes, mainly in the food and beverage industries. Bio-polypropylenes' good barrier property, lightweightness, and biodegradability enable it to be a solution to sustainable packaging, so it exponentially increases demand in that market. Moreover, the rising consumer demand for eco-friendly products and the growing plastic waste regulations are also pushing the use of the bio-polypropylene films. With the aim of strengthening their sustainability profiles, companies in the film segment are forecasted to remain the market leader, due to innovations in production technologies that enhance the performance and capabilities of bio-polypropylene across applications.
Starch source is expected to have highest CAGR during forecasting period in terms of value.
Starch-based bio-polypropylene is anticipated to demonstrate the highest CAGR in the bio-polypropylene market due to its alignment with the growing consumer demand for eco-friendly and easy-to-decompose materials. With increasing environmental pressures, there is a major trend toward eco-friendly packaging in many different sectors including food and beverages, cosmetics, and pharmaceuticals. Starch-based bio-polypropylene provides a biodegradable solution fulfilling these sustainability requirements while also offering the necessary properties such as moisture resistance, which are crucial to maintain the product quality. Further advances in manufacturing technologies have also ensured feasibility and affordability of producing starch-based bioplastic and hence, have increased their attractiveness to manufacturers. Support for regulatory use of biodegradables consolidates demand, as governments enact regulations to cut down plastic waste. The broad application range of starch-based bio-polypropylene lends itself to use in a range of applications, which makes starch-based bio-polypropylene a choice of interest to industry seeking to improve their sustainability profile.
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Asia Pacific region is expected to register highest CAGR both in terms of value and volume during forecasted period
The bio-polypropylene market has been studied in North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. Asia Pacific is currently undergoing a period of accelerated economic expansion, that is, in the case of, China and India, which is creating a considerable market for bio-based materials in several sectors such as automotive, packaging, and construction. Consumer and business awareness of the environmental sustainability are increasing, resulting in a trend toward eco-friendly materials. This tendency is corroborated by the use of bio-degradable plastic use made by the government, as well as the stringent regulations imposed on conventional plastics, generating an encouraging climate for bio-polypropylene implementations.
Prominent companies include Braskem (Brazil), Lyondellbasell Industries N.V. (Netherlands), Mitsui Chemicals, Inc (Japan), FKuR (Germany), CITRONIQ, LLC (US), Borealis AG. (Austria), SABIC (Saudi Arabia), TotalEnergies (France), Borouge (UAE), Beaulieu International group (Belgium), INEOS (United Kingdom), Orlen Group(Poland), Iwatani Corporation (Japan), Mitsubishi Chemical Group Corporation (Japan), Avient Corporation (US) and among others.
Braskem (Brazil)
Braskem is one of the companies from the Brazilian petrochemical sector, which performs a wide range of activities in the fields of polyethylene, polypropylene, and PVC. The company has strong international presence and has industrial plants in Brazil, the US, Mexico, Europe and Asia and is actively engaged in the production process of bio-circular polypropylene with the aim of sustainability by the utilisation of source-material of renewable origin. The company emphasizes innovation and technology to improve product offerings and minimize its environmental impact. Braskem's bio-polypropylene is produced from sugarcane, thereby contributing to reduction of greenhouse gas emissions as opposed to conventional polypropylene. This agrees with the increasing need for sustainable materials in different fields, such as packaging, automotive and consumer market.
Lyondellbasell Industries N.V. (Netherlands)
LyondellBasell Industries N.V. is one of the large chemical companies leading in plastics, petrochemicals, and basic chemicals production, polyethylene and polypropylene market. It operates in North America, Europe, Asia, and the Middle East, having a strong manufacturing base that supports the full range of market requirements. LyondellBasell Industries N.V. is also one of the main producers of fuel ethers with environmental quality advantage. Harmonizing with sustainable practice, the company is exploring bio-polypropylene production, which is currently based on renewable resources. This research is in accordance with LyondellBasell Industries N.V. vision of promoting the circular economy and the increasing demand of sustainable materials in different market areas such as packaging, automotive and consumer. Through innovation and investment in advanced technologies, LyondellBasell Industries N.V. aims to enhance its product offerings while promoting environmental responsibility.
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Mitsui Chemicals, Inc. (Japan)
Mitsui Chemicals, Inc. is one of the major Japanese chemical producers with its businesses covering Life Healthcare Solutions, Mobility Solutions, ICT Solutions and Basic Green Materials. These portions include samples of specialty chemicals, elastomers, composite materials, semiconductor materials, and green chemicals to support multiple industries including health care and automobile industries. Mitsui Chemicals, Inc. has extensive international operations supported by regional headquarters in China, Germany, the US and Singapore. This worldwide network underpins its 20 country operations and employs almost 20,000 people worldwide. The company has multiple manufacturing sites in Japan such as Ichihara Works and Osaka Works, which allow it to produce at a large scale. Promoting sustainability in bio-polypropylene, Mitsui Chemicals, Inc. is actively involved in materials development. The company is specialized in, and producing, bio-based polymers that allow for both lowering the environmental footprint and maintaining high performance.
Bio Based Polypropylene Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the bio-based polypropylene market include Braskem, SABIC, Biobent Polymers, Neste, FKuR Kunststoff GmbH, Novamont SpA, Sinopec Group, PTT Global, Global Bioenergies, Trellis Earth Products, Inc., and DowDuPont..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Bio Based Polypropylene Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/bio-based-polypropylene-market/download-sampleMarket DynamicsCertain factors like increasing pressure on manufacturers for using bio-based substance, strict government regulations in regions like North America, Europe and Asia Pacific and increasing demand for bio-based PP in the automobile industry are key driving factors for the global bio-based polypropylene market growth.
For instance, injection-molded parts developed from bio-based polypropylene are light in weight, increasing its requirement in the automobile industry.
Furthermore, increasing utilization of polypropylene films in different industries like shrink films and food packaging is also increasing its demand.
Market Size – USD 135.14 Billion in 2019, Market Growth - CAGR of 5.3%, Market Trends – BOPP in food packagingAccording to a new report by Reports and Data, the global Polypropylene Market is forecast to reach USD 205.61 Billion by 2027.
Increasing adoption of PP in the 3D Printing industry owing to its superior chemical resistance is a significant factor influencing market demand.
Similarly, travel bans and quarantines inhibit companies’ ability to facilitate travel and conduct meetings.
This uncertainty is further supported by the lack of an apparent historical instance for the phenomenon in the oil and gas sector.
The oil industry is being affected by dual frontiers, including the demand destruction caused by the Covid-19 pandemic and the price war amongst key global producers that have brought about a record plunge in prices.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1663Competitive Landscape:Under this section of the report, the leading companies and the company profiles have been detailed.
A detailed supply and value chain analyses have also been entailed in the report.Leading Companies Profiled in the Report:BASF SE,China National Chemical Corporation (CHEMCHINA),Dow Chemical Company,ENI S.P.A.,Exxon Mobil Corporation,Braskem,INEOS Group Holdings S.A.,LyondellBasell Industries N.V.,Saudi Basic Industries Corporation,SINOPEC,and TOTAL Specialties USA, Inc.Polypropylene Market Segmentation:Based on Product Type:HomopolymerCopolymerBased on Application:MouldingInjection MouldingBlow MouldingFiber & RaffiaFilms & SheetsBags & SacksContainersOthersRequest a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1663Regional Outlook:The report provides readers with an exhaustive analysis of the current growth opportunities for various Polypropylene market regions.
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