Green Polypropylene Market size is anticipated to reach USD 84 Million by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of green polypropylene was USD 42 Million. Growing worldwide apprehension regarding the ecological consequences of conventional polymers has propelled the market worldwide. Government laws that provide rewards, financial aid, and assistance for the development of environmentally friendly plastics have greatly encouraged firms to make investments in the green polypropylene sector. Producers are devoting resources to research and development in an attempt to improve the functionality, affordability, and adaptability of green polypropylene.
Furthermore, manufacturers are implementing circular economy and recycling-focused strategies as part of their environmentally responsible business practices. They are aggressively promoting ethical disposal habits and creating items that are recyclable and biodegradable. Around 339 billion U.S. dollars in 2022 are estimated to be the global revenue of circular economy transactions, consisting of second-hand categories, rental, and refurbished goods. By 2026, this was projected to increase by more than twofold.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 6% |
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Base Year Market Size (2023) |
~ USD 42 Million |
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Forecast Year Market Size (2036) |
~ USD 84 Million |
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Regional Scope |
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Application (Films, Containers, Bags, Automotive Components, Toys, Pipes, Clothing)
The film segment in the green polypropylene market is anticipated to hold 36% of the revenue share during the forecast period. Polypropylene films are widely used for packaging various products like cigarettes, snacks, candies, and food wraps. These films are also used in medical applications such as shrink wraps, diapers, tape liners, and sterile wraps. To enhance their gas barrier properties and make them odor-free, PVDC coating is often applied on these films. All these properties and applications in different fields contribute to the growth of this segment in the region.
End-use (Food& Beverage, Automotive, Electrical & Electronics, Agriculture, Medical, Packaging, Consumer Goods)
Automotive segment in the green polypropylene market is poised to hold the majority share over the forecast period. Polypropylene is used in the automotive sector to make electrical fittings, exterior & interior components, and under-the-hood parts. Lighter-weight materials are becoming a top aim in the automotive industry due to growing environmental and economic concerns. A 10% decrease in vehicle weight can result in an estimated 5%–7% reduction in fuel consumption. When cars use less fuel, they produce less emissions and are more economical to operate. Light materials are already used by automakers. The usage of green polypropylene in the automobile industry is being encouraged by its high tensile strength, high melting point, and great malleability.
Our in-depth analysis of the global green polypropylene market includes the following segments:
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Application |
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End-use |
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Source |
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APAC Market Forecast
Asia Pacific’s green polypropylene market is expected to hold the largest revenue share about 35% over the forecast period, Over the last few decades, some countries in Asia Pacific have experienced rapid economic growth, leading to an increase in industrialization and urbanization. This has led to a higher demand for plastics, including green polypropylene, for various applications. To promote sustainability and reduce environmental impact, several governments in the region have introduced policies and initiatives that encourage the use of eco-friendly materials such as green polypropylene. The support of governments can contribute to the adoption of green plastics in the region, leading to a higher market share of green polypropylene. The Asia Pacific region is home to a significant portion of the world's population. The large and growing population creates a considerable green polypropylene market for consumer goods, packaging, and other products that rely on polypropylene. The Asia Pacific sustainable packaging industry is expected to grow by a compounded annual growth rate of 9% until 2032. This drives the green polypropylene industry growth in the region.
European Market Statistics
Europe’s green polypropylene market is established to attain a notable revenue share over the forecast period. Europe has some of the most stringent environmental regulations in the world, particularly concerning plastic waste and carbon emissions. Regulations such as the EU Circular Economy Action Plan and the Single-Use Plastics Directive drive the demand for sustainable alternatives to traditional plastics, including green polypropylene. Compliance with these regulations creates a favorable green polypropylene market environment, manufacturers, as businesses seek to meet regulatory requirements and reduce their environmental impact. Furthermore, European consumers are increasingly aware of environmental issues and are actively seeking out sustainable products. There is a growing preference for eco-friendly alternatives to traditional plastics driven by concerns over plastic pollution, climate change, and resource depletion. Green polypropylene, derived from renewable biomass sources, appeals to environmentally conscious consumers who prioritize products with a lower carbon footprint and reduced environmental impact. The demand for green polypropylene in Europe is driven by consumer preferences for sustainable packaging, textiles, consumer goods, and automotive components.
Author Credits: Smruti Ranjan, Rajrani Baghel
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