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China Recycled Polypropylene Market Trends

ID: MRFR//10944-HCR | 128 Pages | Author: Garvit Vyas| July 2024

China Recycled Polypropylene Market Overview

China Recycled Polypropylene Market Size was valued at USD 8.5 Billion in 2022. The recycled polypropylene industry is projected to grow from USD 9.06 Billion in 2023 to USD 15.108 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.60% during the forecast period (2023 - 2032). In the upcoming years, a number of market drivers, including the population's growing need for fast-moving consumer goods and advancements in packaging films, are anticipated to propel market growth.

China Recycled Polypropylene Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Recycled Polypropylene Market Trends

  • Increasing Adoption by the Packaging Sector is Driving the Market Growth

The packaging industry's growing adoption of recycled polypropylene is driving the market CAGR. Numerous industries, particularly the food and beverage and consumer products sectors, are experiencing a rise in demand for recycled materials. The food and beverage industry is seeing an increase in the use of recyclable polymer due to the growing demand for food-safe packaging materials. When used as a barrier between food products and environmental factors, these materials can effectively replace conventional plastics, gaining market dominance. Bottles for water and beverage packaging are frequently made from recycled polyethylene terephthalate. Recycled polymers are also used in the packaging of toys, fashion accessories, sports equipment, and beverage and food containers, all of which contribute to the products' longer shelf lives. Thus, the market will grow as a result of the growing usage of packaging materials in consumer products manufacturing.

The growing understanding of how plastic waste affects the environment. As consumers become more conscious of the harm that plastic waste causes to the environment, they are searching for alternatives to conventional plastic products. Due to this, recycled polypropylene is in more demand than virgin plastic. It is also a more sustainable and ecologically friendly choice. Furthermore, policies and programmes by the government that reduce plastic waste and encourage the use of recycled materials are driving the growth of the recycled polypropylene market. As a result, recycled polypropylene is in greater demand as a greener substitute for virgin plastic; this is anticipated to fuel the market's expansion in the years to come. Thus, driving the recycled polypropylene market revenue.

Recycled Polypropylene Market Segment Insights

Recycled Polypropylene Process Insights

The China Recycled Polypropylene market segmentation, based on process includes Mechanical and Chemical. The mechanical segment dominated the market mostly. The reason for this is the extensive use of recycled polypropylene in mechanical applications, including as furniture, appliances, and car parts. The mechanical segment is anticipated to grow even more in the coming years due to the growing need for strong, lightweight materials across a wide range of industries.

Recycled Polypropylene Application Insights

The China Recycled Polypropylene market segmentation, based on application, includes Packaging, Automotive, Building & Construction and Textiles. The packaging category generated the most income because there is a greater demand for textiles, electrical and electronic items, and packaged food and beverages. Car parts and clothing made of recycled plastic, together with personal hygiene products like electric shavers and trimmers, are the main products fueling the demand for recycled plastics.

Figure 1: China Recycled Polypropylene Market, by Application, 2022 & 2032 (USD Billion)China Recycled Polypropylene Market, by Application, 2022 & 2032Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Recycled Polypropylene Country Insights

The China recycled polypropylene market area will grow at a significant rate. The region's growing need for consumer goods and healthcare, along with rising product consumption, would probably promote market expansion. Moreover, the presence of numerous market participants in the area is anticipated to propel market expansion in the projected years. Recycling and ecological sustainability have been aggressively promoted by the Chinese government. They put laws into place to promote the recycling and reuse of plastics, particularly polypropylene. Additionally, in China, consumer awareness of environmental issues is growing. Recycled goods, particularly recycled polypropylene, are becoming more and more in demand as a result.

Recycled Polypropylene Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the recycled polypropylene market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, recycled polypropylene industry must offer cost-effective items.

Key Companies in the recycled polypropylene market include

  • MBA Polymers Inc. (Austria)

  • Veolia Polymers NL B.V. (The Netherlands)

  • SUEZ (France)

  • KW Plastics (US)

  • Jayplas (UK)

  • B&B Plastics Inc. (US)

  • Custom Polymers (US)

  • Joe's Plastic, Inc. (US)

  • Ultra Poly Corporation (US)

  • PLASgran Ltd. (UK)

Recycled Polypropylene Market Segmentation

Recycled Polypropylene Process Outlook

  • Mechanical

  • Chemical

Recycled Polypropylene Application Outlook

  • Packaging

  • Automotive

  • Building & Construction

  • Textiles

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