The global Bio Polypropylene market was valued at US$ 32 million in 2020 and it is expected to reach US$ 46 million by the end of 2027, growing at a CAGR of 5.1% during 2021-2027.
Biopolypropylene is a thermoplastic polymer commonly used in the packaging industry. Other uses include textiles, bottles, Rubik’s cube stickers, and even polymer banknotes. Because polypropylene shares many properties with polyethylene, they are commonly employed for similar uses. Polypropylene is especially resistant to fatigue, which is ideal for mobile plastic parts. Conventional polypropylene is made from petroleum in a process which results in large amounts of green house gases. However, an alternative process has been developed which allows for its synthesis from sugar cane.
Reduce of GHG emissions, growth of the bioplastics industry, rising preference of consumers for biodegradable products, the increasing demand for innovative packaging from MNCs are main factors contributing to the growth of market. North America is one of the prominent markets for bio-based polypropylene and this is largely owing to progressive regulations for bio-based polymers implemented by the U.S. EPA. Growth of automotive, construction, packaging, and electronics sectors in North America is likely to further drive the regional market over the forecast period.
Global Bio Polypropylene Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bio Polypropylene Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Braskem, Biobent Polymers, Global Bioenergies, Trellis Bioplastics and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-bio-polypropylene-market-outlook
Segment by Type
- Injection Molding
Segment by Application
Table of Content:
1 Bio Polypropylene Market Overview
2 Bio Polypropylene Market Competition by Manufacturers
3 Bio Polypropylene Retrospective Market Scenario by Region
4 Global Bio Polypropylene Historic Market Analysis by Type
5 Global Bio Polypropylene Historic Market Analysis by Application
6 Key Companies Profiled
7 Bio Polypropylene Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Bio Polypropylene Market Dynamics
10 Global Bio Polypropylene Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.