PP Market Polypropylene market continues to grow
Germany — More and more countries are trying to limit the demand for plastic packaging. Nevertheless, demand for polypropylene (PP) continues to grow, the latest study published by Ceresana reveals.
PP is a standard plastic and as such not only used for packaging, but also for numerous other applications. The spectrum of applications ranges from textile fibers, household appliances and car parts to water pipes and concrete additives. The market research institute Ceresana has now examined the global market for polypropylene for the sixth time. The latest edition of the polypropylene market analysis forecasts that revenues for this versatile, easily recyclable variety of plastic will grow by an average of 5.6 % per year until 2030.
A total of 19.1 million tonnes of polypropylene were processed into films, bags, sacks and pouches in 2020. This means that flexible packaging is still the most important sales market for this material. A further 17.3 million tonnes were used in the production of rigid packaging, for example for containers and lids for food and beverages, chemicals, industrial and household products. Demand for consumer products and fibers followed on the polypropylene market.
Polypropylene is a semi-crystalline thermoplastic polymer. In addition to uniform homopolymers, there are also copolymers, such as random and block copolymers. Homopolymers account for around 67 % of global PP demand. Europe and North America use significantly more PP copolymers than other regions. The plastics industry makes particular use of rapid injection molding for polypropylene, especially for producing large numbers of identical items: ranging from disposable and throwaway products to highly complex precision components. The types of molded parts produced are almost unlimited. Nearly 25.7 million tonnes of polypropylene were processed by injection molding in 2020.