Green Polypropylene Market Size

Green Polypropylene Market size is anticipated to reach USD 84 Million by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of green polypropylene was USD 42 Million. Growing worldwide apprehension regarding the ecological consequences of conventional polymers has propelled the market worldwide. Government laws that provide rewards, financial aid, and assistance for the development of environmentally friendly plastics have greatly encouraged firms to make investments in the green polypropylene sector. Producers are devoting resources to research and development in an attempt to improve the functionality, affordability, and adaptability of green polypropylene.

Furthermore, manufacturers are implementing circular economy and recycling-focused strategies as part of their environmentally responsible business practices. They are aggressively promoting ethical disposal habits and creating items that are recyclable and biodegradable. Around 339 billion U.S. dollars in 2022 are estimated to be the global revenue of circular economy transactions, consisting of second-hand categories, rental, and refurbished goods. By 2026, this was projected to increase by more than twofold.