The Polypropylene (PP) extrusion market is projected to grow at a CAGR of 6.10% to reach US$51.448 billion in 2024 from US$ billion in 2018. Polypropylene (PP) extrusions such as films and sheets are increasingly gaining grounds in packaging industry owing to burgeoning trend towards clear packaging that is functional, durable, and resealable. The surge in demand is mainly due to the features such as light weight, cost effectiveness, versatile temperature range, high heat resistance, and high clarity provided by the PP extrusions. With growing focus of industries such as packaging, healthcare and automotive towards complying to various regulations, the demand for PP extrusion is poised to grow at a constant rate. Furthermore, rising trend of flexible packaging is propelling the polypropylene extrusion market growth. Therefore, the market is expected to grow at a substantial rate over the forecast period on account of growing consumption of PP extrusions by different end-users.
Growing penetration of PP in various end-user industries
Rising investments in polypropylene facilities.
Ban on single-use plastics by various countries.
In September 2018, DS Smith Plastics launched a new product line of extruded polypropylene packaging, AkyPure, for the pharmaceutical sector.
In December 2017, SABIC started up a new polypropylene extrusion facility in Geleen, The Netherlands.
The major players profiled in the Polypropylene extrusion market include Eaton, DS Smith, SABIC, SFR Industries, PBS Plastics, Condale Plastics Ltd., Blackwell Plastics, HPE Plastic Extrusion Solutions, Tekni-Plex Inc., epsotech, PLASTOPIL and Preferred Plastics, Inc. among others.
The Polypropylene extrusion market has been analyzed through the following segments:
Pipes & Tubes
By End-User Industry
Electrical and Electronics
Middle East and Africa