Global Polypropylene Market Report and Forecast 2024-2032

Global Polypropylene Market Outlook

The global polypropylene market size was approximately 90.32 MMT in 2023. The market is estimated to grow at a CAGR of 4.5% during 2024-2032 to reach a volume of 134.22 MMT by 2032.

Key Takeaways

• The global production capacity of polypropylene in 2022 stood at 97.86 million tons.

• In the United States, access to polypropylene recycling collection has reached up to 65%, leading to an estimated additional recovery of 25 million pounds on an annual basis.

• The major importers of polypropylene are China and Turkey, followed by other European regions.

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Polypropylene is a versatile material, which finds application in major industries including electrical and electronics, and packaging industries. This can be attributed to the improved durability and strength of the material.

The increasing demand from injection moulding and films and fibre sectors is driving the global polypropylene market. The rising demand for the injection moulding grade of polypropylene and the robust automotive industry in mature markets such as the United States and European countries, like Germany, France, the United Kingdom, Italy, and Spain, are supporting the market growth.

Table: Production of Personal Cars and Commercial Vehicles in Selected Major Economies, 2022

Key Trends and Developments

Increasing use in the automotive sector; expansion of the packaging sector; growing medical applications of polypropylene; and increasing recycling activities are impacting the polypropylene market growth

Global Polypropylene Market Trends

As polypropylene has excellent mechanical properties, high heat resistance, malleability, and high impact resistance, its demand in the manufacturing of automobiles is growing and providing impetus to the growth of the market. The environmental norms also favour the rise in the use of polypropylene in auto parts and under-the-hood applications. The growing demand for injection moulding is boosting polypropylene consumption in the auto sector, where it is used for reducing vehicle cost and weight. Continuous advancements will aid in the exposure towards low-weight vehicles, boosting polypropylene use in the automobile segment.

The growth in the application of polypropylene in caps and closure is providing further impetus to the market growth in North America and Europe. The demand for caps and closures is predicted to be dominated by the huge demand from the pharmaceutical sector and beverage industry.

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Market Segmentation

“Global Polypropylene Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Based on application, injection moulding accounts for most of the polypropylene market share

The injection moulding applications of polypropylene find extensive use in the healthcare, packaging, and household product manufacturing sectors. The increasing demand for polypropylene as a cost-effective medical-grade plastic material has been contributing to the injection moulding applications.

Polypropylene fibres are added to concrete to improve resistance, enhance tensile strength, and augment durability. In the infrastructure segment, polypropylene fibres find applications in special mortars, precast concrete, roads, tunnels, high-performance concrete, and industrial pavements, among others. The expansion of the infrastructure sector hence contributes to the demand for fibre.

The growing demand for consumer-friendly, long shelf life, and green packaging, among other features, is expected to increase the extrusion coating application of polypropylene.

By end use, the packaging sector accounts for a significant share of the global polypropylene market

Owing to their durability and easy-to-handle properties, PP woven bags are used for the transportation of products to avoid wastage.

Propylene-based agricultural packaging prevents food spoilage and wastage. In addition to packing food products, PP woven bags are prevalent in the packaging of fertilisers and pesticides as well. Further, the moisture control properties of polypropylene prevent mould build-up in packaged foods, thereby saving agricultural costs.

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Competitive Landscape

The market players are focusing on capacity expansion, strategic collaborations, and geographical expansion to take hold of the evolving market opportunities

Other notable players operating in the global polypropylene market include Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, and TotalEnergies SE, among others.

Global Polypropylene Market Analysis by Region

Canada is expected to witness a surge in flexible packaging solutions in the food and beverage sector due to increasing consumer demand for packaged products.

The increasing development of various initiatives to boost the circular economy of polypropylene is driving the market growth in countries such as the United Kingdom. In March 2021, Nextek Ltd launched NEXTLOOPP, a global multi-participant project to address post-consumer polypropylene packaging. Under the project, various leading companies in the United Kingdom would produce a high-quality food-grade recycled polypropylene (FGrPP), promoting  circular economy.

Key Highlights of the Report

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Polypropylene Market Report Snapshots

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