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China Recycled Polypropylene Market Research Report Forecast to 2030

Market Overview

The China recycled polypropylene market is projected to register healthy growth during the forecast period, 2022–2030. The market was valued at USD 2,333.63 million in 2021 and is projected to register a CAGR of 4.45% to reach USD 3,452.99 million by the end of 2030. 

Plastic incineration and disposal restrictions imposed by the government raised public awareness of global warming and climate change. Also, when comparing polypropylene incineration with and without energy recovery, the environmental impact is minimized. Additionally, when comparing the energy consumption of end-of-life scenarios for polymers, recycling trumps incineration. As a result of the negative environmental effect of polypropylene disposal, might drive growth in the China recycled polypropylene market. Additionally, increasing use in end use markets especially packaging with further help the China recycled polypropylene market to grow. 

Additionally, a Minderoo Foundation study published in May 2021 found that China accounted for one-fifth of the world's single-use plastic in 2019. Throughout the next five years, China will strengthen its efforts to phase out single-use plastics, improve recycling, and promote plastic alternatives to minimize pollution and meet the country's carbon neutrality objectives. As a result, government attempts to encourage recycled plastics would open attractive market opportunities for China's recycled polypropylene industry.

Major Players

Furthermore, according to MRFR analysis, the recycled polypropylene market has been segmented based on process, source, and application. Based on process, the market if further segmented into mechanical, and chemical. 

Based on source, the market if further segmented into bottles, films, bags, foams, and others. The bottles segment accounted for the largest market share with a market value of USD 940.69 million in 2021. 

Furthermore, based on application, the market if further segmented into packaging, automotive, building & construction, textile, medical, electronics, and others. The packaging segment accounted for the largest market share with a market value of USD 890.98 million in 2021: it is expected to register a CAGR of 4.96% to reach USD 1,377.40 million by the end of 2030.  

Major Players

BASF SE, Veolia, Suez SA, Shenzhen Xinchanglong New Material Technology Co., Ltd, Eastman Chemical Company, LyondellBasell Industries Holdings, MBA Polymers, and Remondis SE & CO. KG among others are the major companies in the market.