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Showing posts with the label Bio-based Polypropylene Industry

Bio-based Polypropylene (PP) Market Segments and Key Trends by 2025

Rise in demand for bio-based polypropylene can be attributed to focus on sustainable plastics in the food and beverage industry. The Global Bio-Based Polypropylene Market is expected to reach USD 50.7 million by 2025 at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Bio-based polypropylene is anticipated to register higher penetration in the automotive industry due to heightening need to reduce overall weight of automobiles. Multiple political and government initiatives are being undertaken for the reduction of greenhouse gas (GHG) emissions and carbon footprint. In addition, major automobile manufacturers are focused on deploying materials that increase fuel efficiency of automobiles, which is expected to drive market growth over the forecast period. This industry benefits from the presence of several regulations promoting the use of low-weight materials across applications. In addition, the adoption of international concords including the Kyoto and Mo...