The polypropylene market generated $122.7 billion in 2019, and it is set to reach $226.8 billion by 2030, at a 5.7% CAGR during the forecast period of 2020–2030. The growth will be driven by the increasing application of polypropylene compounds in banknotes, food packaging, pipes, hinged caps, and microwave containers. The amplified use of this material in the packaging industry, coupled with the growth in the nonwoven polypropylene fiber industry, is the main factor behind the expansion of this market.



According to PlasticsEurope, the global production of plastics was 359 million tons in 2018, out of which polypropylene accounted for almost 19.3% of the production. It was due to the increasing PP demand from the packaging and building and construction industries, due to its high tensile strength. The rising demand for rigid sustainable packaging will drive the polypropylene market in the forecast years. Additionally, the demand for polypropylene staple fibers for the production of blankets, carpets, bedding, vehicle components, and geotextile is also rising. As per the International Fiber Journal, polypropylene fibers accounted for 11% of the global non-woven market for staple fibers.



The polypropylene market has various segments, including type, application, and end use. Based on type, the market can be bifurcated into homopolymer and copolymer, of which the former category accounted for the larger share in the market in 2019. This was due to the better performance of PP homopolymers in thermoforming, better weldability, higher tolerance to extreme temperature and chemicals, and higher rigidity than copolymers. Copolymers are further divided into block and random, of which block copolymers are more popular, because they are tougher and less brittle than random copolymers.


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