Global Bio-Based Polypropylene (PP) Market, By Product Type (Sugars, Starch and Lignocellulosic Biomass), Application (Injections, Films, Textile and Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
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.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD million, Volumes in Units, Pricing in USD |
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Segments Covered |
Product Type (Sugars, Starch and Lignocellulosic Biomass), Application (Injections, Films, Textile and Others) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
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Market Players Covered |
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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Market Opportunities |
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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.
Bio-Based Polypropylene (PP) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Adoption of specialty polymers
The demand for bio-based polypropylene is increased due to rise in trend toward the adoption of specialty polymers to recover the downsizing among the automobiles during the forecast period.
- Rise in demand due to various applications
Rise in use of polypropylene films in several applications, such as shrink films and food packaging additional upsurge the requirement of the product during the forecast period.
- Rise in the number of government initiatives for spreading consumer awareness
The worldwide bio-based polypropylene (PP) market is expected to increase due to the rising number of government initiatives to spread consumer awareness. With the increase in government activities to raise awareness about bio-based polypropylene (PP) market, the market is being pushed by increased demand for bio-based polypropylene (PP) market from end-users.
- Stringent rules and regulation for reducing carbon emissions
Due to strict rules and regulations for the increase in stress on reducing the carbon emissions from automobiles in various regions. The need for bio-based polypropylene (PP) market has augmented across a variety of industries, such as injections, films and textiles etc.
Furthermore, rising disposable income and urbanisation will boost market value growth. The market is being driven by consumers' constantly changing lifestyles and the rise of the retail sector. Growing consumer awareness of eco-friendly and biodegradable products is projected to accelerate market expansion.
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.
Restraints/ Challenges
Increase in the accessibility of substitute products such as bio-based PLA and PET hamper the growth of the bio-based polypropylene market. Furthermore, the substitute threats from synthetic polymers are also hamper the growth of the market. Furthermore, significant growth in the global shale gas production and exploration boosts the production of several crude oil products, which favors the demand for synthetic polypropylene, hampers the growth of the bio-based polypropylene market during the forecast period.
This bio-based polypropylene (PP) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bio-based polypropylene (PP) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Bio-Based Polypropylene (PP) Market
Global bio-based polypropylene (PP) market has shown a substantial decline due to the COVID-19 pandemic, as many manufacturing facilities were shut down during the forecast period. Further several countries have restricted manufacture activities in different industries during the covid-19 pandemic. Due to the COVID-19 outbreak, the major lockdown leads to the unexpected closure of several industries such as construction, automotive, and consumer goods overall the globe, leading to a drop in the demand for Bio-based Polypropylene (PP) during the 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
Bio-Based Polypropylene (PP) Market Regional Analysis/Insights
The bio-based polypropylene (PP) market is analysed and market size insights and trends are provided by country, products, usage, capacity, size, sealing and handle, shape, distribution channel and end-user as referenced above.
The countries covered in the bio-based polypropylene (PP) market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the bio-based polypropylene (PP) market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for this region's bio-based polypropylene (PP) market. The Asia-Pacific region dominates the bio-based polypropylene (PP) market, with China leading bio-based polypropylene (PP) market due to presence of synthetic PP product. Due of the ease due to presence of synthetic PP product, China is leading the Asia-Pacific market.
During the projected period, North America is expected to be the fastest developing region due to their high biomass content, lightweight, and low GHG emission during manufacturing would drive this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bio-Based Polypropylene (PP) Market Share Analysis
The bio-based polypropylene (PP) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio-based polypropylene (PP) market.
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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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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