Bio Polypropylene Market - Top 3 Applications Segments by Technavio

Technavio has published a new report on the global bio polypropylene market from 2017-2021. (Photo: Business Wire)

LONDON--()--According to the latest market study released by Technavio, the global bio polypropylene market is expected to grow at a CAGR of close to 5% during the forecast period.

This research report titled ‘Global Bio Polypropylene Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

According to Ajay Adikhari, a lead analyst at Technavio for bio-chemicals and bio-materials research, “The global bio PP market is expected to grow at a steady pace because of the regulations for reducing carbon emission in addition to consumer inclination toward using bio-based and eco-friendly products. Rising demand for lightweight materials, especially in the automotive industry, is expected to propel the market volume.”

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The market research analysis categorizes the global bio polypropylene market into three major application segments. They are:

  • Injection molding
  • Textiles
  • Films

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Global bio PP market in injection molding

Injection molding is one of the major applications of bio PP and accounts for almost half of the market share by volume. The demand for bio-based plastics is expected to be fueled by the rising importance of lightweight materials in the automotive sector. This will drive the bio PP market in the injection molding segment. Brazil, Mexico, China, and Malaysia are some of the countries indicating a significant growth in the automotive industry.

“The injection molding process is applicable for other sectors like packaging, construction, and electrical. The positive responses by some of the automotive manufacturing leaders like Toyota Motor, Ford, and General Motors will have a significant impact on the development of the bio PP market,” says Ajay.

Global bio PP market in textiles

There is a rising demand for geotextiles due to developments that prove to be appropriate solutions to problems like soil erosion and drainage applications. This, in turn, proves to be favorable for the bio PP market. Certain attributes of bio PP such as resistance to harmful chemicals, resistance to any naturally occurring alkalis, acids, and even fungal attack, and use in waste control framework, are the driving factors for the growth of this market. Some of the other attributes that drive the growth of the global bio PP market in this segment are stability at higher temperatures, resistance to moisture and UV, and superior puncture and mullen burst strength.

Global bio PP market in films

Bio PP application in the production of films is expected to witness remarkable growth during the forecast period. The demand for the product will be driven by the increasing bio packaging for medicines, food, and beverages. The process involves the stretching and extrusion of bio PP to form biaxially oriented polypropylene (BOPP), which is subsequently used in the packaging of snacks, fresh vegetables, and confectioneries because of its strength and transparency. Another driving factor is the increasing awareness among consumers and shifting preference toward packaging produced from renewable resources.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • Biobent Polymers
  • Braskem
  • Global Bioenergies
  • Trellis Bioplastics

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global bio polypropylene market is expected to grow at a CAGR of almost 5% until 2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com