Green Polypropylene Market Size & Share, by Application (Films, Containers, Bags, Automotive Components, Toys, Pipes, Clothing); End-use (Food& Beverage, Automotive, Electrical & Electronics, Agriculture, Medical, Packaging, Consumer Goods); Source (Sugarcane, Rice-straw, Corn, Recycled, Polypropylene) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5957
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Green Polypropylene Market overview
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Green Polypropylene Market: Growth Drivers and Challenges

Growth Drivers

  • Shift towards Bio-based Plastics- The growing demand for bioplastics, driven by concerns over fossil fuel depletion and plastic pollution, creates opportunities for green polypropylene in various applications.  By 2022, the world's bioplastic production capacity stood at 2.2 million tonnes and was expected to continue increasing annually up to 7.4 million tonnes by 2028 as a whole. As industries seek alternatives to traditional petroleum-based plastics, green polypropylene, derived from biomass sources solution with potential for widespread adoption.
  • Rising Consumer Preference for Sustainable Products- Changing consumer preferences towards eco-friendly and sustainable products influence purchasing decisions across various industries. As consumers become more conscious of the environmental impact of their choices, there is a rising demand for products and packaging made from green polypropylene, which offers a renewable and recyclable alternative to conventional plastics.
  • Market Expansion Across Industries- Green polypropylene finds applications across a wide range of industries including packaging, automotive, construction, textiles, and consumer goods. In the packaging industry, green polypropylene is used in food packaging, beverage containers, and other consumer packaging applications, driven by regulatory requirements and consumer preferences for sustainable packaging solutions. In the automotive sector, green polypropylene is increasingly used in interior components, exterior trims, and under-the-hood applications, offering lightweight, durable, and environmentally friendly alternatives to traditional plastics.
  • Technological Advancements and Innovations- Ongoing research & development efforts in the field of bio-based plastics lead to technological advancements and innovations in green polypropylene production processes. Improvements in biomass conversion technologies, biopolymer synthesis methods, and material properties drive green polypropylene market growth by enhancing the performance, cost-effectiveness, and scalability of green polypropylene production.

Challenges

  • Cost Competitiveness- One major challenge for green polypropylene is achieving cost competitiveness compared to traditional petroleum-based polypropylene. Production processes for bio-based plastics often involve higher costs associated with raw materials, processing, and infrastructure, which can make green polypropylene products more expensive. Overcoming this challenge requires advancements in technology, economies of scale, and support from regulatory incentives to bridge the cost gap.
  • Compliance with regulatory standards and certifications for bio-based and renewable materials presents challenges for green polypropylene manufacturers.
  • Limited recycling capabilities and compatibility with existing recycling streams pose challenges for the end-of-life management of green polypropylene products, thus restricting the green polypropylene market growth.

Green Polypropylene Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 6%

Base Year Market Size (2023)

 ~ USD 42 Million

Forecast Year Market Size (2036)

 ~ USD 84 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Green Polypropylene Segmentation

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:

          Application

  • Films
  • Containers
  • Bags
  • Automotive
  • Toys
  • Pipes
  • Clothing

          End-use

  • Food& Beverage
  • Automotive
  • Electrical & Electronics
  • Agriculture
  • Medical
  • Packaging
  • Consumer Goods

          Source

  • Sugarcane
  • Rice-straw
  • Corn
  • Recycled
  • Polypropylene

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Green Polypropylene Industry - Regional Synopsis

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.

Research Nester
Green Polypropylene Market size
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Companies Dominating the Green Polypropylene Landscape

top-features-companies
    • Braskem 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • SABIC
    • Borealis AG
    • Corbion N.V. 
    • LyondellBasell Industries Holdings B.V.
    • TotalEnergies
    • Trellis Bioplastics
    • BioAmber Inc.
    • GreenMantra Technologies  
    • Biobent Polymers

In-the-news

In The News

  • March 2024- Polypropylene and certified bio-attributed and bio-circular propylene are introduced to the US market by Braskem and Shell Chemicals. Polypropylene produced from bio-attributed and bio-circular propylene will meet the rising demand from consumers for polymers that are more environmentally friendly.
  • April 2022- Leading worldwide toy company Mattel and SABIC, a pioneer in the chemicals business, have established a partnership to integrate certified renewable polymers from SABIC's TRUCIRCLETM program into Mattel's product line. With more to come, MEGATM and Matchbox will be the first Mattel toys to hit the market in 2022 made with certified renewable SABIC® PP (polypropylene) polymers.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5957
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising environmental awareness and sustainability initiatives, regulatory support and policies, a growing shift towards bio-based plastics, and changing consumer preferences over sustainable products are some of the major market growth drivers in the Green polypropylene market.

The market size of Green Polypropylene is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are SABIC, Borealis AG, Corbion N.V., LyondellBasell Industries Holdings B.V., TotalEnergies, Trellis Bioplastics, BioAmber Inc., GreenMantra Technologies, Biobent Polymers, Mitsui Chemicals, Inc., and others.

The films segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Green Polypropylene Market Report Scope
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