NEW YORK, July 6, 2021 /PRNewswire/ — The bio polypropylene market is expected to grow by 808.13 thousand tons during 2021-2025, according to the latest market research report by Technavio.
/PRNewswire/ — The rising preference for biodegradable products is considered as one of the major factors driving the growth of the global bio polypropylene market. Consumers are increasing their inclination toward bio-based products. This is forcing end-users in the market to increase the use of bio polypropylene as packaging material owing to its lightweight, transparency, recyclability, and reduced wall thickness. Also, increasing efforts to reduce the use of synthetic packaging materials by governments is creating a significant demand for bio polypropylene, which is driving the market growth.
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As per Technavio, the growing demand for bio-based lightweight materials from the automotive sector will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Bio Polypropylene Market: Growing demand for bio-based lightweight materials from the automotive sector
Prominent automobile manufacturers such as General Motors, Peugeot SA (Peugeot), and Ford are increasing the use of bio polypropylene to manufacture different parts in their vehicles. For instance, General Motors uses bio polypropylene derived from wood to make seatbacks in the Cadillac DeVille. Similarly, Ford motor is using bio polypropylene made from wheat straw to manufacture storage bins in the Ford Flex. With the growing focus on the manufacture of lightweight vehicles by automakers worldwide, the demand for bio polypropylene is expected to increase during the forecast period.
«Regulatory standards for reducing carbon footprint and the rising demand for biodegradable polymers from the construction industry will further boost market growth during the forecast period,» says a senior analyst at Technavio.
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Bio Polypropylene Market: Segmentation Analysis
This market research report segments the bio polypropylene market by application (injection molding, fiber, films, and others) and geography (Europe, North America, APAC, MEA, and South America).
The European region led the bio polypropylene market in 2021, followed by North America, APAC, MEA, and South America respectively. During the forecast period, Europe is expected to register the highest incremental growth due to the increasing production and sales of automobiles in the region.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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