The Rise of Bio-Based Polypropylene (PP): A Sustainable Market Perspective, Application (Injections, Films, Textile and Others)

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 market

Data 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.

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

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)

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About Data Bridge Market Research (DBMR):

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This release was published on openPR.