prnewswireJuly 07, 2021
Tag: Bio Polypropylene , COVID-19 , Technavio
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.
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.
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.
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.
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Global Extruded Polypropylene Foam Market – Global extruded polypropylene foam market is segmented by application (transport, packaging, building and construction, and others) and geography (APAC, Europe, North America, MEA, and South America).
Global Ethylene Propylene Diene Monomer Market – Global ethylene propylene diene monomer market is segmented by end-user (automotive, molded goods, building and construction, lubricant additives, and others) and geography (APAC, North America, Europe, MEA, and South America).
Vendor classification
Market positioning of vendors
Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Us
Tel: (+86) 400 610 1188
WhatsApp/Telegram/Wechat: +86 13621645194
Follow Us: