H1 2023: In the Global Recycled Polypropylene market for the first half of 2023, key players Envision Plastics, and Veolia Huafei Group. In March 2023, a Heads of Agreement (HOA) was formalized between PureCycle Technologies, a U.S.-based chemical manufacturer, and Mitsui, an international trade and investment company. This agreement outlines plans to establish and operate a polypropylene (PP) recycling facility in Japan, leveraging innovative technology to transform PP waste into an ultra-pure recycled resin with minimal impurities, odors, and colors. The facility is expected to be completed by 2026, with an initial annual capacity of 59 thousand tonnes (130 million pounds). The Asia Pacific recycled polypropylene market experienced optimism in the first quarter, driven by increased market activity in China post the festive season, intensifying competition among market players. However, April 2023 onwards, the price of recycled polypropylene (R-PP) saw a decline attributed to weakened demand in sectors like non-food bottles and packaging. The R-PP market was further impacted by a decrease in the price of PP material in May and an uptick in post-consumer product collection rates, resulting in readily available base materials. Despite this, sluggish consumption in downstream sectors led to a bearish market sentiment, making transactions challenging in the Asian market.
The global Recycled Polypropylene market stood at approximately 1350 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 6.53% during the forecast period until 2032. The recycling of polypropylene presents a distinctive chance to provide prolonged and renewed utility to one of the most versatile plastic materials. Polypropylene, often abbreviated as PP, is a recyclable thermoplastic polymer known for its exceptional durability, versatility, and resistance to various bases, acids, and chemical solvents.
Recycled polypropylene (PP) presents diverse applications, with common uses including food storage containers, bags, and gardening supplies. PP, known for its resilience and resistance to various elements, can also be repurposed into clothing items. Through a straightforward process involving melting the plastic and incorporating a chemical called maleic anhydride, the plastic transforms into malleable threads, creating fabrics like t-shirts. In the realm of food storage, recycled PP demonstrates high resilience to temperature and pressure, making it ideal for manufacturing containers that can safely store a range of food and liquid types, from milk to soup. Moreover, the material's non-reactivity to liquids, acids, and bases makes it perfect for dishes, cups, bowls, plates, and trays, suitable for both hot and cold foods. PP's versatility extends to the production of bags, widely utilized in grocery stores, with a blend of polypropylene and natural fibers ensuring strength and durability. Lastly, recycled PP finds prevalent use in gardening supplies, comprising plant pots, planters, hanging baskets, flowerpots, and decorative containers, catering to both indoor and outdoor gardening needs. This extensive range of applications underscores the sustainability and adaptability of recycled polypropylene across various industries.
The growth of the recycled polypropylene market is propelled by a convergence of influential factors. Heightened awareness and prioritization of sustainability, driven by global environmental concerns, have become instrumental in shaping consumer choices and industry practices. Stringent regulatory frameworks, aimed at curbing plastic waste and promoting recycling, exert considerable pressure on industries to adopt eco-friendly alternatives like recycled polypropylene. Embracing circular economy principles, the market for recycled polypropylene offers a sustainable, closed-loop solution that resonates with the evolving ethos of waste reduction and resource efficiency. Concurrently, increasing consumer consciousness regarding the environmental repercussions of single-use plastics and a growing preference for sustainable living contribute to the escalating demand for recycled polypropylene. Corporations, recognizing the significance of sustainable practices, are integrating recycled polypropylene into their products to align with corporate sustainability goals, enhance brand reputation, and meet consumer expectations. Beyond its environmental merits, the cost-effectiveness of recycled polypropylene, coupled with ongoing technological advancements in recycling processes, further cements its position as a viable alternative to virgin polypropylene. Collaboration among industry stakeholders, including key players, waste management entities, and government bodies, is fostering a robust infrastructure for the collection, processing, and utilization of recycled polypropylene. As these driving forces coalesce, the recycled polypropylene market emerges as a pivotal player in the global materials landscape, embodying the transition toward sustainable and responsible material consumption. Owing to these reasons, the global Recycled Polypropylene market is likely to reach approximately 2500 thousand tonnes in 2032.
Geographically, Asia Pacific region leads the global Recycled Polypropylene market followed by North America. The Asia-Pacific region is anticipated to undergo substantial growth in the global Recycled Polypropylene market due to various converging factors. Serving as a manufacturing powerhouse, countries like China, Japan, and South Korea contribute significantly to the demand for recycled materials, with an increasing emphasis on sustainability in industrial practices. Rising environmental awareness and stringent government regulations in the region encourage businesses and consumers to adopt eco-friendly alternatives, fostering a robust market for recycled polypropylene. The adoption of circular economy principles further propels the demand for recycled materials. The region's rapid economic growth and urbanization contribute to heightened plastic consumption, resulting in a burgeoning pool of plastic waste that can be effectively recycled into polypropylene. Ongoing infrastructure development projects and collaborations within the industry and recycling facilities underscore the commitment to efficient recycling practices. As cost-effective solutions gain prominence, the Asia-Pacific region emerges as a key player in driving the growth of the global Recycled Polypropylene market.
Based on the end-user industry, the global Recycled Polypropylene market is divided into Non-food bottles, Pipe, HDPE Lumber & decking, Lawn & Garden Products, and Others. Among these, Non-food bottles is the major segment and held about 38% of the global Recycled Polypropylene market in 2022 and is anticipated to prevail the similar trend in the upcoming years. Recycled polypropylene (PP) is obtainable in translucent form, as well as in white or various colours. To meet specific application needs, enhancing the material properties of recycled PP can be achieved by blending it with virgin PP or incorporating additives such as fillers, reinforcing materials, stabilizers, and other modifiers.
Major players in the Global Recycled Polypropylene market are Envision Plastics, ALBA Group, Visy Recycling Europe Ltd, Quality Circular Polymers, EcoBlue Ltd., Biffa Polymers, Bright Green Plastics, PlasRecycle Ltd., Roydon Bottle Recycling Ltd, Veolia Huafei Group, Invema Group, Midwest Polychem, Graham Recycling Company, Jieshou Dongwei Plastic Industry Co., Ltd., Yancheng Beidi Plastic Industry Co., Ltd., Dalian Babobee Recycling Resources Reusage Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Recycled Polypropylene which covers production, demand and supply of Recycled Polypropylene market in the globe.
• To analyse and forecast the market size of Recycled Polypropylene
• To classify and forecast Global Recycled Polypropylene market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Recycled Polypropylene market in the globe.
To extract data for Global Recycled Polypropylene market, primary research surveys were conducted with Recycled Polypropylene manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Recycled Polypropylene market over the coming years.
ChemAnalyst calculated Recycled Polypropylene demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Recycled Polypropylene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Recycled Polypropylene manufacturers and other stakeholders
• Organizations, forums and alliances related to Recycled Polypropylene distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Recycled Polypropylene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Recycled Polypropylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1350 thousand tonnes
Market size Volume in 2032
2500 thousand tonnes
Growth Rate
CAGR of 6.53% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Non-food bottles, Pipe, HDPE Lumber & decking, Lawn & Garden Products, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Recycled Polypropylene market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Recycled Polypropylene.
3. Capacity By Location
To better understand the regional supply of Recycled Polypropylene by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Recycled Polypropylene by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Non-food bottles, Pipe, HDPE Lumber & decking, Lawn & Garden Products, and Others) are creating a market and the forecast for the growth of the Recycled Polypropylene market.
7. Demand by Region
Analyzing the change in demand of Recycled Polypropylene in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Recycled Polypropylene. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Recycled Polypropylene.
10. Company Share
Figure out what proportion of the market share of Recycled Polypropylene is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Recycled Polypropylene.
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Recycled Polypropylene in terms of volume in 2022?
Ans:
The global market size of Recycled Polypropylene has reached approximately 1350 thousand tonnes in 2022.
Q2.
Which industry is the leading consumer of Recycled Polypropylene?
Ans:
Non-food bottles industry is the leading consumer of Recycled Polypropylene globally.
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