What is the global market size of Bio-based Polypropylene Market?

Global Bio-based Polypropylene Market was valued at USD 68.5 million in 2021, and the market size is estimated to reach USD 996.9 million by 2028, at a CAGR of 39.9% over the forecast period (2022-2028). Read More

What is the key driver of Global Bio-based Polypropylene Market?

Growing demand from the packaging industry for bio-based polypropylene will support bio-based polypropylene market expansion. Read More

Bio-based Polypropylene Market Size

Q: What is the key market trend for Global Bio-based Polypropylene Market?

Increasing Government Support - Bioplastic packaging has been promoted by governments all around the world in the context of numerous policies for innovation, resource efficiency, and climate change. Manufacturers have created bio-based products like bio-based propylene as a result of the increase in government support. To support a sustainable plastics industry, the EU encourages the use of bio-based, biodegradable, and compostable plastics. The Japanese government has supported businesses that provide paper-based alternatives to plastic and encouraged the creation of products manufactured from biodegradable bioplastics. Additionally, the US Department of Agriculture (USDA) is actively involved in and supports numerous initiatives aimed at promoting bioplastics through increased research, development, and buyer/consumer awareness. Through federal procurement as well as a certification and labelling initiative, the USDA's Bio Preferred Program seeks to increase the consumption and usage of bio-based goods. The bio-based polypropylene market will benefit from the increasing government backing for the use of bio-based polymers. Read More

Bio-based Polypropylene Market Insights

Global Bio-based Polypropylene Market size was valued at USD 12.35 billion in 2023 and is poised to grow from USD 13.77 billion in 2024 to USD 32.9 billion by 2032, growing at a CAGR of 11.5% during the forecast period (2025-2032).

The key drivers of bio-based polypropylene market expansion in recent years have been increased demand for polypropylene from the construction and automotive industries, as well as rising environmental concerns regarding the use of synthetic polypropylene.

Demand for lightweight materials has increased across a number of industries, which is driving up demand for polypropylene. Emphasis on lowering carbon emissions in countries like Europe and the United States and government policies that support the usage and production of bio-based products are also contributing to the market's growth.

The rising demand for alternatives to petroleum-based chemicals among end users and the rising expense of these chemicals as a result of the fluctuating price of crude oil are also paving the way for the market's growth. Continuous advancements in biotechnology and chemical processing are also helping to fuel this industry's expansion and enable the production of innovative bio-based polymers like polyhydroxyalkanoate and polylactic acid, which are becoming more and more popular across a range of sectors. Therefore, such technological advancement would also aid in the bio-based polypropylene market's growth.

The global market for bio-based polypropylene (PP) is expected to expand as a result of the increasing need for bio-based polymers across producers of numerous end-use industries to reduce their carbon footprint and the strict regulatory regulations associated with synthetic polymers. The market for bio-based polypropylene (PP) is also expected to increase as a result of significant investments in R&D made by leading corporations and novel product offers. Another key factor projected to promote the growth of the bio-based polypropylene market is the rising food and beverage industry, growing number of U.S. manufacturers, and high use of bio-based PP for many processes such as printing, coating, and laminating.

US Bio-based Polypropylene Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Key players operating in the bio-based polypropylene industry are Mitsui Chemicals, Inc., LyondellBasell Industries Holdings B.V., and Neste Oyj. Businesses are implementing methods like distribution improvement, new product creation, and collaboration to acquire a competitive edge in the global market. For instance, Neste manufactures a variety of renewable goods that help consumers lower their carbon footprints. The company is a significant producer of renewable diesel that is made from trash and by-products and has worked with numerous significant plastic manufacturers, including IKEA, Borealis, Braskem, and Henkel. These company’s receive refined trash & leftovers from Neste to help in the production of environmentally friendly goods. 'Braskem (Brazil) ', 'Borealis AG (Austria) ', 'Trinseo (United States) ', 'SABIC (Saudi Arabia) ', 'LyondellBasell Industries N.V. (Netherlands) ', 'Global Bioenergies (France) ', 'Neste Corporation (Finland) ', 'Futerro (Belgium) ', 'TotalEnergies SE (France) ', 'Mitsui Chemicals, Inc. (Japan) ', 'Reliance Industries Limited (India) ', 'LG Chem Ltd. (South Korea) ', 'PTT Global Chemical Public Company Limited (Thailand) ', 'Indorama Ventures Public Company Limited (Thailand) ', 'Kaneka Corporation (Japan) ', 'Toray Industries, Inc. (Japan) ', 'BASF SE (Germany) ', 'Covestro AG (Germany) ', 'Evonik Industries AG (Germany) ', 'Arkema S.A. (France)', 'In June 2021, SABIC announced that Delica AG would be introducing a new range of more sustainable coffee capsules based on SABIC’s certified renewable polymers for use in its proprietary Delizio capsule machines.', 'In June 2021, Neste, Mitsui Chemicals, and Toyota Tsusho collaborated to start Japan’s first production of renewable plastics, like polypropylene, from 100% bio-based hydrocarbon.', 'In June 2021, LyondellBasell and Neste agreed on a long-term commercial relationship to make polymers and chemicals from renewable feedstock.', 'In March 2020, Borealis started production of polypropylene based on Neste-produced renewable feedstock at the production facilities in Kallo and Beringen, Belgium. Borealis has replaced fossil fuel-based feedstock in large-scale commercial production of bio-based polypropylene.'

In the packaging sector, bio-based polypropylene is mostly used for goods like packaged food, packaged beverages, and sealed food. This polymer is used to create films that are used to cover objects during transportation. The usage of this material gives the products outstanding flexibility and durability while also shielding them from outside influences. As a result, the bio-based polypropylene market is significantly driven by the rising demand from the packaging sector.

Increasing Government Support: Bioplastic packaging has been promoted by governments all around the world in the context of numerous policies for innovation, resource efficiency, and climate change. Manufacturers have created bio-based products like bio-based propylene as a result of the increase in government support. To support a sustainable plastics industry, the EU encourages the use of bio-based, biodegradable, and compostable plastics. The Japanese government has supported businesses that provide paper-based alternatives to plastic and encouraged the creation of products manufactured from biodegradable bioplastics. Additionally, the US Department of Agriculture (USDA) is actively involved in and supports numerous initiatives aimed at promoting bioplastics through increased research, development, and buyer/consumer awareness. Through federal procurement as well as a certification and labelling initiative, the USDA's Bio Preferred Program seeks to increase the consumption and usage of bio-based goods. The bio-based polypropylene market will benefit from the increasing government backing for the use of bio-based polymers.

Europe dominated the bio-based polypropylene market, in terms of value, worth US $34.4 million in 2020. The market is expanding as a result of the rising demand for bio-based polypropylene in the automobile industry. Germany is a major manufacturer and consumer of autos, and the expansion of the automotive sector there is expected to drive up demand for bio-based polypropylene. This material will be utilised to make auto parts for bumpers, panels, and interior and external design.