Press release
Bio-Based Polypropylene (PP) Market By Application (Injections, Films, Textile and Others) - Industry Trends and Forecast to 2029
Growing demand for bio-based polymers from the producers of several end-use industries for lowering the carbon footprint and stringent government regulation associated with synthetic polymer are major factors anticipated to drive the growth of global bio-based polypropylene (PP) market. Furthermore, high investment by major companies for R&D activities and innovative product offerings are anticipated to further support the growth of bio-based polypropylene (PP) market. The emerging food and beverage industry, rising number of manufacturers in the US, coupled with high adoption of bio-based PP for several processes such as printing, coating, and laminating is another main factor anticipated to support the growth of bio-based polypropylene marketData Bridge Market Research analyses that the bio-based polypropylene (PP) market was valued at USD 72.70 million in 2021 and is expected to reach USD 117.01 million by 2029, registering a CAGR of 6.13 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-bio-based-polypropylene-pp-market
Market Definition
Bio-based polypropylene is a polymer which has manufactured from natural materials such as vegetable oil and some other biomass. The properties of bio-based polypropylene are related to synthetic polypropylene. This polymer is mainly used in textiles, film, injection molding, and other applications. Due to several factors such as increased product corn, sugar cane, and automobile consumption. The global bio-based polypropylene market is witnessing an enormous growth during forecast period.
Opportunities
Technological advancement and high investment
Rapid technological advancements in lucrative manufacture techniques and high investment for R&D activities in order to supply innovative products are factors anticipated to generate new opportunities for companies operating in the target market during forecast period
Rise in emerging markets
Growing agreement and partnership activities for business expansion is another factor anticipated to revenue support the bio based polypropylene market growth. Furthermore, an increase in strategic collaborations and the emergence of new markets would act as market drivers, boosting advantageous chances for the industry's growth rate.
Some of the major players operating in the bio-based polypropylene (PP) market are:
Borealis AG (Austria)
Braskem (Brazil).
Mitsui Chemicals, Inc. (Japan).
Novamont SpA (Italy)
LyondellBasell Industries Holdings B.V (Netherland).
NaturePlast (France)
Neste (Finland)
Global Bio-Energies (France),
Trellis Earth Products, Inc. (US)
Biobent management sevices Inc. (US)
Dow (US)
Washington Penn (US)
Solvay (Beigum)
FKuR (Germany)
China Petrochemical Corporation (China)
Exxon Mobil Corporation (US)
INEOS (UK)
SABIC (Saudi Arabia)
Global Bio-Based Polypropylene (PP) Market Scope
The bio-based polypropylene (PP market is segmented on the basis of products, usage, capacity, size, sealing and handle, shape, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users
Product
Sugars
Starch
Lignocellulosic Biomass
Application
Injections
Films
Textile
Others
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About Data Bridge Market Research (DBMR):
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.
Contact Us
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email - corporatesales@databridgemarketresearch.com
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