Increased investment in research and development to enhance
the properties and applications of green polypropylene presents
significant growth opportunities.
WILMINGTON, Del., July 18, 2024 /PRNewswire/ -- The green
polypropylene market was projected to attain US$ 40.2 billion in 2022. It is likely to
garner a 5.6% CAGR from 2023 to 2031, and by 2031, the
market is expected to attain US$ 67.3
billion.
Rising consumer preference for eco-friendly and sustainable
products is pushing manufacturers to incorporate green
polypropylene in their offerings. Ongoing research and development
in bioplastics and polymer technologies are leading to improved
production processes and better-quality green polypropylene.
Increasing applications in various industries such as
automotive, packaging, textiles, and consumer goods are expanding
the market for green polypropylene. The shift towards circular
economy models, where materials are reused and recycled, is
promoting the use of green polypropylene.
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Polypropylene (PP), being the world's second-largest plastic
resin by production volume, is a versatile thermoplastic polymer
widely used in packaging, food, automotive, consumer goods, medical
industries, and more. Despite having high demand, the environmental
impact of polypropylene is raising significant concerns among
consumers, manufacturers and governments. In recent years, the
growing amount of PP waste has sparked increasing concern.
Synthetic polypropylenes serve a broad range of needs, but in order
to mitigate the impact of these petroleum-based plastics and their
waste, significant attention has turned towards bio-based i.e.
green alternative of polypropylenes.
The green polypropylene has resolved this issue of environmental
impact of plastics to large extent. The sustainability of green
polypropylene polymers, for both general and specific applications,
is being enhanced with the help of advances in processing
technologies and infrastructures that refine biomass feedstock to
produce bio-based monomers used as building blocks.
Due to environmental concerns and stringent regulations related
to plastics, there is a growing demand for green polypropylene,
particularly in packaging applications, which is one of the major
end-use industries.
Another approach targeted by manufacturers is the recycled
polypropylene. Although polypropylene is fully recyclable,
recycling poses several challenges. Recycled polypropylene may
exhibit different properties compared to virgin polypropylene, such
as melt-flow rate, molecular weight, or thermal stability, which
can limit its use in applications requiring higher impact
performance and part stability. Hence, green polypropylene emerges
as the best alternative without compromising on properties.
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Strategic collaborations between manufacturers, research
institutions, and governments are fostering innovation and market
growth. Increasing availability of bio-based feedstocks, such as
plant oils and agricultural waste, used to produce green
polypropylene.
Growing desire to reduce dependence on fossil fuels is promoting
the use of bio-based alternatives like green polypropylene.
Enhancements in the performance characteristics of green
polypropylene, making it more competitive with conventional
polypropylene.
Growing challenges in managing plastic waste are driving the
shift toward more sustainable materials. Increasing emphasis on
materials that are biodegradable or compostable to reduce
environmental impact. Rising number of campaigns and initiatives
aimed at educating consumers about the benefits of green
polypropylene and other sustainable materials.
Key Findings of the Market Report
- Improved integration of green polypropylene with existing
recycling infrastructure, enhancing its viability and
adoption.
- Companies leveraging green polypropylene as part of their
sustainable branding and marketing strategies to appeal to
environmentally conscious consumers.
- Development of customized green polypropylene solutions to meet
specific industry needs, such as automotive, construction, and
electronics.
- Advancements in production processes that reduce energy
consumption and increase efficiency in the manufacturing of green
polypropylene.
Green Polypropylene Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2023-2031
|
Base
Year
|
2017-2022
|
Size in 2022
|
US$ 40.2 Mn
|
Forecast (Value) in
2031
|
US$ 67.3 Mn
|
Growth Rate
(CAGR)
|
5.6 %
|
No. of
Pages
|
310
Pages
|
Segments
covered
|
By Source, By
Application, By Region, By Component, By End-use
|
Market Trends for Green Polypropylene
- By source, the sugarcane segment is expected to boost the
growth of the green polypropylene market.
- Sugarcane is widely available in several regions, particularly
in countries with strong agricultural sectors such as Brazil and India. Its abundance makes it a reliable and
scalable source for producing green polypropylene.
- Sugarcane is a renewable resource, and its cultivation has a
relatively short growth cycle, allowing for continuous and
sustainable production of bio-based polypropylene.
- The production of green polypropylene from sugarcane has a
significantly lower carbon footprint compared to fossil-based
polypropylene. This is due to the carbon sequestration properties
of sugarcane during its growth.
- On the basis of application, the automotive components segment
is anticipated to propel the market growth.
- The automotive industry is focused on reducing vehicle weight
to improve fuel efficiency and reduce emissions. Green
polypropylene offers a lightweight alternative to traditional
materials, contributing to overall vehicle efficiency.
- There is growing consumer demand for eco-friendly vehicles. By
using sustainable materials like green polypropylene, automakers
can attract environmentally conscious consumers.
- Advances in the formulation of green polypropylene have
improved its mechanical properties, making it suitable for
high-performance and durable automotive components.
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Global Market for Green Polypropylene: Regional
Outlook
North America
- Collaborative efforts between industry players, research
institutions, and government bodies are fostering innovation and
accelerating the development of green polypropylene
applications.
- Significant investment in research and development by both
public and private sectors is driving innovation in the green
polypropylene market. This investment is leading to new
applications and improved production processes.
Asia Pacific
- The automotive industry in Asia
Pacific is booming, and there is a growing focus on
sustainability and reducing vehicle weight. Green polypropylene is
being increasingly used in automotive components to meet these
goals.
- The packaging industry in Asia
Pacific is expanding due to the growing e-commerce sector
and consumer goods market. Green polypropylene is being adopted for
sustainable packaging solutions.
Green Polypropylene Market: Key Players
The competitive landscape of the green polypropylene market is
evolving rapidly, driven by sustainability goals, technological
advancements, and regulatory pressures, with key players focusing
on innovation and strategic alliances to capitalize on emerging
opportunities. The following companies are well known participants
in the green polypropylene market:
- SABIC
- Braskem
- Dow Inc.
- Borealis AG
- LyondellBasell Industries Holdings B.V.
- Total S.A.
- Trellis Bioplastics
- BioAmber Inc.
- NatureWorks LLC
- Danimer Scientific
- Novamont S.p.A.
- FKuR Kunststoff GmbH
- Corbion N.V.
- Biobent Polymers
- GreenMantra Technologies
- Mitsui Chemicals Inc.
Key Developments
- In 2022, SABIC, a prominent player in the global chemicals
industry, announced a partnership with Mattel, a renowned global
toy manufacturer. This collaboration focuses on integrating
certified renewable polymers sourced from SABIC's TRUCIRCLE program
into Mattel's product lineup.
- Starting in 2022, Mattel introduced its initial range of toys
incorporating certified renewable SABIC PP (polypropylene)
polymers. The debut included products from brands such as MEGA and
Matchbox. A standout initiative is MEGA BLOKS Green Town, which
marks the first toy line available at mainstream retail outlets to
achieve Carbon Neutral certification.
Green Polypropylene Market Segmentation
Source
- Sugarcane
- Rice-straw
- Corn
- Recycled Polypropylene
- Others
Application
- Films
- Containers
- Bags
- Automotive Components
- Toys
- Pipes
- Insulation
- Carpets
- Clothing
- Cables
- Others
End Use
- Food & Beverage
- Automotive
- Electrical & Electronics
- Agriculture
- Medical
- Packaging
- Building & Construction
- Textile
- Consumer Goods
- Others
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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