Market Size of Bio-based Polypropylene Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 34.79 kilotons |
| Market Volume (2029) | 87.84 kilotons |
| CAGR (2024 - 2029) | 20.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bio-based Polypropylene Market Analysis
The Bio-based Polypropylene Market size is estimated at 34.79 kilotons in 2024, and is expected to reach 87.84 kilotons by 2029, growing at a CAGR of 20.35% during the forecast period (2024-2029).
The impact of COVID-19 was negative due to the raw materials shortage and declined demand for the product. However, an upsurge in the textile industry propelled bio-based polypropylene consumption after the pandemic.
- The major factors driving the market are the rising environmental concerns regarding using conventional plastics and the increasing replacement of fossil-based feedstock with renewable materials.
- On the flip side, the high cost of bio-based materials is hindering the market's growth.
- Increasing incentives by the government promoting bio-based materials use is expected to provide new opportunities for the market.
- Europe is estimated to dominate the market studied owing to the surging demand in Germany and France.
