Bio-Polypropylene Market to Reach USD 116 Million by 2029
The report "Bio-polypropylene Market by Source (Edible and Non Edible Oil, Starch), End-Use Industry (Construction, Automotive, Consumer Goods, Packaging), Application (Injection Molding, Textiles, Films), & Region - Global Forecast to 2029", size is expected to reach USD 1,16,028 Thousand in 2029 from USD 32,480 Thousand in 2024, at a CAGR of 29.0% from 2024 to 2029. 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.
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- 200 Market data Tables
- 64 Figures
- 227 Pages and in-depth TOC on "Bio-polypropylene Market- Global Forecast to 2029"
Some of the prominent key players are:
- 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)
Driver: Increasing consumer preference for sustainable and eco-friendly products in the consumer goods Industry
The bio-polypropylene market is expanding in a satisfactory pace, and it is, above all, due of the growing consumer interest for biopolymers within the consumer goods sector. Due to environmental issues such as plastic pollution and climate change increase's, consumers are starting to take environmental considerations into account and evaluate the materials embedded in products they purchase. This trend is pushing the manufacturers to find alternatives to the traditional based products and bio-polypropylene is a promising alternative. Bio- polypropylene, which comes from renewable resources such as corns and sugarcane, has a less dependence on fossil and also has a minimal carbon emission ratio than ordinary plastics. On top of the bio-based functionality of comonomers, due to the structural ability of bio-polypropylene, the material is applicable for a number of applications in the packaging, textile, and automotive sectors. Since consumers are willing to pay more in products that are ecologically friendly, the use of bio-polypropylene is set to rise further, making it a core element of sustainable living in the consumer products industry. Companies are adopting to renewable products in order to provide customers with eco-friendly products.
Films 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 widespread 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.
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.