The bio polypropylene market share is expected to increase by 808.13 thousand tons from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.

This bio polypropylene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bio polypropylene market segmentations by application (injection molding, fiber, films, and others) and geography (Europe, North America, APAC, MEA, and South America). The bio polypropylene market report also offers information on several market vendors, including Borealis AG, Braskem SA, FKuR Kunststoff GmbH, Neste Corp., Saudi Basic Industries Corp., and Technoform Kunststoffprofile GmbH among others.

What will the Bio Polypropylene Market Size be During the Forecast Period?

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Bio Polypropylene Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising preference for biodegradable products is notably driving the bio polypropylene market growth, although factors such as increasing availability of shale gas may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bio polypropylene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bio Polypropylene Market Driver

The rising preference of consumers for biodegradable products is one of the key factors driving the growth of the global bio polypropylene market. Under the Single Market for Green Products initiative adopted by the European Commission, only 15% of the EU citizens do not buy eco-friendly products. Bio PP is extensively used for producing bottle closures for beverage bottles. The increasing inclination of consumers toward bio-based products, food, and beverages is urging the use of bio PP as packaging material due to its lightweight, exceptional transparency, recyclability, and reduced wall thickness. These boost the production of more finished goods using lesser raw materials, thereby reducing the cost of transportation and carbon footprint at a substantial rate. Governments around the world are encouraging consumers to prefer biodegradable products over other synthetic products by taking drastic steps toward the advancement of bio-based packaging in terms of their resources, development, and key environmental strategies. This, in turn, is expected to drive the growth of the market in focus during the forecast period.

Key Bio Polypropylene Market Trend

Sustainable packaging solutions will fuel the global bio polypropylene market growth. Multinational companies like Coca-Cola, Procter & Gamble, Heinz, and Danone are searching for better options for the sustainable packaging of their products. The closures used in beverage bottles are usually made from bio-PP, thereby providing an optimal solution for sustainable packaging. The industry refers to sustainable packaging as highly biodegradable food packaging, which is an alternative to plastic, paper, and styrofoam. Straw Hat Pizza is a fine example of pizza manufacturers who separate food and compostable materials in their eateries. A company called Skinny Pines uses an innovative recyclable and eco-friendly pizza box named Green Box that can be easily dismantled to make it easy to store and dispose of. In addition, it ensures sustainability from the use of biodegradable cups and plates to using eco-friendly wood-burning ovens. However,  few supermarkets, such as Whole Foods and Trader Joe's, use biodegradable and compostable containers on a regular basis. The above factors will increase the market growth during the forecast period.

Key Bio Polypropylene Market Challenge

The increasing availability of shale gas is a major challenge for the global bio polypropylene market growth. The expansion in the production capacity of shale gas in the US is diminishing the cost of gas worldwide because of the decreasing demand for liquefied petroleum gas in the US. The plastics business is expected to recover as the US has been producing low-cost raw materials for the plastic industry. The abundant availability of natural gas and common gas in the liquefied state has been attracting huge investments to enhance the capacity for new plastic resins. Plastic resins need to be processed, and additional substances need to be mixed to attain certain required properties. This is done before the resin is converted into a plastic item. These additional properties are required in related industrial applications such as those involved in injection molds and plastic resin additives. However, the increasing demand for shale gas is hindering the growth of the global bio PP market because of lower costs involved in the production of injection molds and plastic additives from shale gas compared to those produced by bio PP.

This bio polypropylene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global bio polypropylene market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bio polypropylene market during the forecast period.

Who are the Major Bio Polypropylene Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Borealis AG
• Braskem SA
• FKuR Kunststoff GmbH
• Neste Corp.
• Saudi Basic Industries Corp.
• Technoform Kunststoffprofile GmbH

This statistical study of the bio polypropylene market encompasses successful business strategies deployed by the key vendors. The bio polypropylene market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Borealis AG - The company offers bio polypropylene based on Neste-produced renewable feedstock.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bio polypropylene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bio Polypropylene Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bio polypropylene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global specialty chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Bio Polypropylene Market?

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36% of the market’s growth will originate from Europe during the forecast period. UK and Germany are the key markets for bio polypropylene market in Europe. Market growth in this region will be slower than the growth of the market in regions.

The rising preference of consumers for biodegradable products will facilitate the bio polypropylene market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The rapid spread of COVID-19 in the region had a significantly negative impact on the growth of several industries, including the automotive industry, in 2020. Several market players, such as BMW and Daimler, suspended a major part of their production operations, which severely affected the demand for lightweight automotive parts and components in Europe. The outbreak of COVID-19 led to short-term risks for the growth of the market focus, while the long-term impact is expected to be limited. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Application Segments in the Bio Polypropylene Market?

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The bio polypropylene market share growth in the Injection molding segment will be significant during the forecast period. 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 growth of the bio PP market in the injection molding segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bio polypropylene market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Bio Polypropylene Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive bio polypropylene market growth during the next five years
• Precise estimation of the bio polypropylene market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bio polypropylene industry across Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bio polypropylene market vendors

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