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Bio-based Polypropylene Market Size (2024 - 2029)

The Bio-based Polypropylene Market is projected to experience significant growth over the forecast period, driven by increasing environmental concerns and a shift from fossil-based feedstock to renewable materials. Despite challenges such as high costs and the negative impact of COVID-19 on raw material supply and demand, the market is poised for expansion, particularly due to rising consumption in the textile industry post-pandemic. Government incentives promoting bio-based materials are expected to create new opportunities, with Europe anticipated to lead the market due to strong demand in specific countries.

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Market Size of Bio-based Polypropylene Industry

Bio-based Polypropylene Market Summary
Study Period 2019 - 2029
Market Volume (2024) 34.79 kilotons
Market Volume (2029) 87.84 kilotons
CAGR (2024 - 2029) 20.35 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration High

Major Players

Bio-based Polypropylene Market Major Players

*Disclaimer: Major Players sorted in no particular order

Bio-based Polypropylene Market Analysis

The Bio-based Polypropylene Market size is estimated at 34.79 kilotons in 2024, and is expected to reach 87.84 kilotons by 2029, growing at a CAGR of 20.35% during the forecast period (2024-2029).

The impact of COVID-19 was negative due to the raw materials shortage and declined demand for the product. However, an upsurge in the textile industry propelled bio-based polypropylene consumption after the pandemic.

  • The major factors driving the market are the rising environmental concerns regarding using conventional plastics and the increasing replacement of fossil-based feedstock with renewable materials.
  • On the flip side, the high cost of bio-based materials is hindering the market's growth.
  • Increasing incentives by the government promoting bio-based materials use is expected to provide new opportunities for the market.
  • Europe is estimated to dominate the market studied owing to the surging demand in Germany and France.

Bio-based Polypropylene Industry Segmentation

Bio-based polypropylene is a polymer created using natural resources such as sugarcane, maize, vegetable oil, and other biomass. These polymers are progressively replacing traditional plastics. The bio-based polypropylene market report is segmented by application and geography. The market is segmented into injection molding, textiles, films, and other applications based on application. The report also covers the market size and forecast in 11 countries across major regions. The report offers market size and forecast for bio-based polypropylene in terms of volume (Kilotons) for all the above segments.

Application
Injection Molding
Textiles
Films
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Rest of the World
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Bio-based Polypropylene Market Size Summary

The bio-based polypropylene market is poised for significant growth, driven by increasing environmental concerns and the shift from fossil-based feedstock to renewable materials. The market is experiencing a resurgence in demand, particularly in the textile industry, following the negative impact of COVID-19, which had caused raw material shortages and reduced demand. The high melting point, good fatigue properties, and eco-friendly nature of bio-based polypropylene make it suitable for various applications, including packaging, automotive, electronics, and medical industries. The packaging sector, in particular, is witnessing a steady rise in demand for bio-based polypropylene, fueled by government policies promoting bioplastic packaging and consumer preferences for sustainable products.

Europe is a dominant region in the bio-based polypropylene market, accounting for a significant share due to its robust research and development activities and stringent government regulations favoring biodegradable plastics. The region's packaging industry, especially in Germany and France, is a major consumer of bio-based polypropylene, driven by the increasing demand for eco-friendly packaging solutions. The German government's initiatives to promote bio-based and recycled materials, along with the growth of the e-commerce sector, further bolster the market's expansion. The market is partially consolidated, with key players like Borealis AG, Braskem, Mitsui Chemicals Inc., SABIC, and LyondellBasell Industries Holdings BV leading the industry. Recent developments, such as Braskem's investment in carbon-negative bio-based polypropylene production and Borealis's partnership for renewable feedstock applications, highlight the ongoing innovation and commitment to sustainability within the market.

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Bio-based Polypropylene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Environmental Concerns Regarding the Usage of Conventional Plastics

      2. 1.1.2 Increasing Replacement of Fossil-based Feedstock with Renewable Materials

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Bio-based Materials

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Injection Molding

      2. 2.1.2 Textiles

      3. 2.1.3 Films

      4. 2.1.4 Other Applications

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 France

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 Rest of the World

Bio-based Polypropylene Market Size FAQs

The Bio-based Polypropylene Market size is expected to reach 34.79 kilotons in 2024 and grow at a CAGR of 20.35% to reach 87.84 kilotons by 2029.

In 2024, the Bio-based Polypropylene Market size is expected to reach 34.79 kilotons.

Bio-based Polypropylene Market Report Snapshots

Bio-based Polypropylene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)