Bio-based Polypropylene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is segmented by Application (Injection Molding, Textiles, Films, and Other Applications) and Geography (Asia-Pacific, North America, Europe, and the Rest of the World)

Market Snapshot

Bio-based Polypropylene Market - Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: >10 %

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Market Overview

The market for bio-based polypropylene is expected to register a CAGR of more than 10% globally during the forecast period. Rising environmental concerns regarding the usage of conventional plastics and the increasing replacement of fossil-based feedstock with renewable materials have been driving the market growth. On the flip side, the high cost of producing bio-based polypropylene compared to conventional plastics has been hindering the growth of the market.

  • The injection molding segment dominated the market and is expected to grow during the forecast period.
  • Europe dominated the market across the world, with the largest consumption coming from countries, such as Germany, France, and the United Kingdom.

Scope of the Report

The bio-based polypropylene market report includes:

Application
Injection Molding
Textiles
Films
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Rest of the World

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Key Market Trends

Growing Demand from Injection Molding Application Segment

  • Bio-based polypropylene, owing to its high melting point, good fatigue properties, heat, and chemical resistivity, along with it being environmentally friendly, is used in various injection molding applications in industries, such as packaging, automotive, electronics, and medical, among others.
  • The demand for bio-based polypropylene in packaging applications, such as for wrapping organic food, as well as for premium and branded products with particular requirements, has been rising steadily. Moreover, governments all across the world have been promoting bioplastics packaging, in the context of various policies for innovation, resource-efficiency, and climate change.
  • Furthermore, according to injection mold specialist, SFA Packaging from Middelharnis, at present, the majority of the foods come in an injection mold packaging made of polypropylene. Owing to environmental concerns, the increasing number of consumers, along with the government and manufacturers, have been preferring eco-friendly packaging options.
  • This has prompted companies, such as Borealis, along with Neste, to start bio-based polypropylene production, while other companies, such as Mitsui Chemicals Group, introduced bio-polypropylene project at G20 Ministerial Meeting in Karuizawa in 2019.
  • All such factors are expected to drive the market for bio-based polypropylene in injection molding application through the years to come.
Bio-based Polypropylene Market Revenue Share

Europe Region to Dominate the Market

  • Europe holds a strong position as a major hub for the bio-based polypropylene industry and further ranks high in the field of research and development in the particular industry.
  • Government regulations in most European countries regarding the usage of bio-degradable plastics, including bio-based polypropylene, have been stringent, with the government pushing the usage of such environmentally friendly products continuously.
  • Moreover, the usage of bio-based polypropylene can be majorly found in the packaging industry. Europe is one of the leading consumers in the packaging industry and has been developing the various packaging segment. Additionally, the popularity of the e-commerce segment and the growing retail market have given a huge opportunity to the bio-based polypropylene market to grow in the region through the years.
  • Overall, such factors are expected to drive the market for bio-based polypropylene in Europe through the years to come.
Bio-based Polypropylene Market Regional Trends

Competitive Landscape

The global bio-based polypropylene market is partially consolidated in nature, with the major players dominating a significant portion of the market. Some of the major companies operating in the market are Borealis AG, Braskem, Mitsui Chemicals Inc., Novamont SpA, and LyondellBasell Industries Holdings BV, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Environmental Concerns Regarding the Usage of Conventional Plastics

      2. 4.1.2 Increasing Replacement of Fossil Based Feedstock With Renewable Materials

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Bio-based Materials

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Injection Molding

      2. 5.1.2 Textiles

      3. 5.1.3 Films

      4. 5.1.4 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Borealis AG

      2. 6.4.2 Braskem

      3. 6.4.3 Dow

      4. 6.4.4 Exxon Mobil Corporation

      5. 6.4.5 FKuR Kunststoff GmbH

      6. 6.4.6 Global Bioenergies

      7. 6.4.7 LyondellBasell Industries Holdings BV

      8. 6.4.8 Mitsui Chemicals Inc.

      9. 6.4.9 Novamont SpA

      10. 6.4.10 SABIC

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Incentives by the Government Promoting the Usage of Bio-based Materials

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Bio-based Polypropylene Market market is studied from 2016 - 2026.

The Bio-based Polypropylene Market is growing at a CAGR of >10% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Borealis AG , Braskem , Mitsui Chemicals, Inc., Novamont SpA , LyondellBasell Industries Holdings B.V. are the major companies operating in Bio-based Polypropylene Market.

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