The global bio-based polypropylene market was valued at USD 124.7 million in 2023 and is projected to reach USD 391.6 million by 2030, growing at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2030. The demand for bio-based polypropylene is anticipated to rise due to the increasing adoption of environmentally friendly plastic products across various industries, including food, textiles, and pharmaceuticals.

Growing global concerns regarding the toxicity of petrochemicals and the depletion of crude oil reserves have spurred the development of bio-based polymers worldwide. The global plastics industry is expected to ramp up bioplastic production in response to government regulations that limit the use of petroleum-based plastics, particularly in automotive and food packaging sectors, as well as in medical devices.

Consequently, rising environmental concerns over petroleum-based plastics have fueled the demand for alternative materials. Manufacturers are actively shifting their focus toward bioplastics, engaging in continuous innovations in existing products and the development of new offerings. The global demand for bio-based polypropylene is expected to grow, driven by its increasing use in environmentally friendly applications within the food and beverage, textiles, and pharmaceutical industries.

Key Market Trends & Insights

• The Europe bio-based polypropylene market accounted for a revenue share of 44.1% in 2023. This growth is attributed to several regulations enacted by the European Commission that promote the use of bio-based polymers in various applications, such as the automotive, pharmaceutical, and food & beverage industries, due to their high biomass content and low greenhouse gas emissions during production.
• In North America, the bio-based polypropylene market in the U.S. dominated with a share of 73.4% in 2023. In January 2023, Braskem announced plans to invest in the production of bio-based polypropylene with a negative carbon footprint in the U.S. This new bio-based polypropylene will serve as a drop-in solution, maintaining the same recyclability and technical properties as Braskem's existing polypropylene portfolio.
• By application, the injection molding segment accounted for the largest revenue share of 53.4% in 2023. The increasing use of injection molded bio-based polypropylene products for various automotive interior and exterior components is expected to drive growth in this segment.

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Market Size & Forecast

• 2023 Market Size: USD 124.7 Million
• 2030 Projected Market Size: USD 391.6 Million
• CAGR (2024-2030): 18.2%
• Europe: Largest market in 2023
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

Key companies are implementing various organic and inorganic expansion strategies, including mergers and acquisitions, research and development, new product launches, and joint ventures, to sustain and grow their market share.

In August 2023, Neste, LyondellBasell Industries Holdings B.V., Biofibre, and Naftex Internacional collaborated to create a value chain that integrates bio-based polymers, including polypropylene (PP), with natural fibers for the production of construction materials. This combination of PP with detectable bio-based content and natural fibers not only enhances the materials but also contributes to carbon storage, aiding efforts to combat climate change.

In January 2023, Braskem announced plans to assess an investment in the production of carbon-negative bio-based polypropylene (PP) in the U.S. This project aims to utilize Braskem's proprietary technology to convert bioethanol into physically segregated bio-based polypropylene. The company is also exploring collaboration opportunities for this initiative with various clients, brand owners, and suppliers.

Key Players

• Braskem
• Biobent Polymers
• SABIC
• LyondellBasell Industries Holdings B.V.
• NaturePlast
• Prime Polymer Co., Ltd.
• FKuR
• CITRONIQ, LLC.
• BiologiQ, Inc.
• Trellis Bioplastics

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Conclusion

The bio-based polypropylene market is poised for significant growth, driven by the rising demand for sustainable plastic alternatives and regulatory support for bio-based materials. As concerns about petrochemical toxicity and environmental impact escalate, manufacturers are innovating to develop bio-based solutions that meet industry needs. With Europe leading in market share and significant advancements in North America, the bio-based polypropylene market is well-positioned for expansion across multiple industries in the coming years.