Polypropylene Random Copolymer Segmentation
End User (Packaging, Healthcare, Construction)
In terms of end users, the packaging segment in the polypropylene random copolymer market is poised to account for the highest CAGR OF 40% during the forecast period between 2024 – 2037. The growth can be attributed to the worldwide flourishing e-commerce business and the expansion of the packaging sector to cater to the growing customer needs. For instance, in the year 2021, people globally 2 billion people shopped online and this number is estimated to rise owing to the ease and popularity of online shopping.
Application (Blow Film, Blow Molding, Injection Molding, Extrusion Molding)
Polypropylene random copolymer market from the injection molding segment is expected to observe the largest revenue growth during the projected timeframe. The growth of this market can be ascribed to the surging demand for high-volume production of identical components at slashed costs. Additionally, a dynamic upsurge in the demand for medical devices is another substantial factor that is anticipated to push the segment expansion. According to the World Health Organization, currently, there are an estimated 2 million varied types of medical devices in the global sector, divided into around 7000 generic device categories.
Our in-depth analysis of the global polypropylene random copolymer market includes the following segments:
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