In 2023, the global average price of polypropylene (PP) was *** U.S. dollars per ton – a decrease of *** U.S. dollars, compared with the previous years. The global polypropylene market The global polypropylene market was valued at ****** billion U.S. dollars in 2022. The global PP market is projected to continue growing over the next decade, registering a CAGR of *** percent during the forecast period of 2023 to 2030 to reach a value of ****** billion U.S. dollars. This will see the polypropylene market volume rise to over 100 million metric tons by 2030. Polypropylene end-uses Polypropylene is one of the most commonly used thermoplastics due to its elasticity and durability and is used across a wide range of end-uses including electronics, transportation, and construction. However, the major end-user of polypropylene is the plastic packaging industry.

Polypropylene fell to 6,941 CNY/T on August 29, 2025, down 0.26% from the previous day. Over the past month, Polypropylene's price has fallen 3.13%, and is down 8.60% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Polypropylene.

Get comprehensive insights into the Polypropylene market, with a focused analysis of the Polypropylene price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

Why did the Polypropylene (PP) Price Change in July 2025? The Polypropylene (PP) spot price decreased by approximately 10.9% quarter-over-quarter in Q2 2025, reflected in a declining Price Index.

This statistic shows the price of polypropylene in the United States from 2005 to 2014, with forecasted figures for 2015 to 2020. In 2014 the U.S. price of polypropylene was *** U.S. dollars per ton, and it is estimated to increase to *** U.S. dollars per ton in 2020.

Why did the Recycled Polypropylene Price Change in July 2025? The R-PP Spot Price in the USA demonstrated steady performance across Q2 2025, with the Price Index showing no significant fluctuations over the three-month period.

Global polypropylene (PP) prices have increased significantly in 2021, and reached ***** U.S. dollars per metric ton on March 10, 2021. This was an increase of roughly ** percent compared to prices on January 6, 2021. In February 2021, winter storm Uri hit the United States, causing an energy crisis in Texas. Chemical plants in Texas suffered power outages - including the world's largest petrochemical complex - leading to major supply chain disruptions. As a result, polypropylene prices soared.

Explore the dynamics impacting polypropylene prices, ranging from $1 to $2 per kg, influenced by global supply, demand, and oil market fluctuations. Discover how COVID-19, regional variations, and sustainable practices shape the industry, alongside strategies for mitigating price volatility risks.

The cost of polypropylene glass-filled compound (PPGFC) varied a lot in India in Q4 2023. Bullish attitude, steady supply, and rising demand from downstream sectors all had an impact on the market. The rising costs of crude oil and polypropylene (PP) feedstock brought attention to supply limitations among investors. PPGFC demand skyrocketed, especially in the car industry due to higher consumer spending during holidays like Diwali.

Polypropylene Glass Filled Compound Prices December 2023

Explore IMARC’s newly published report, titled “Polypropylene Glass Filled Compound Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of polypropylene glass filled compound pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Explore how crude oil prices, supply chain, demand dynamics, geopolitical factors, and industry innovations influence the cost of polypropylene. Gain insights into the factors impacting this versatile plastic's market price for informed business and investment decisions.

Why did the Polypropylene Glass Filled Compound Price Change in July 2025? Price Index for Polypropylene Glass-Filled Compound in North America remained largely stable through April and May 2025, with marginal fluctuations driven by feedstock volatility and production adjustments.

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Polypropylene Market Size 2025-2029

The polypropylene market size is forecast to increase by USD 28.6 billion at a CAGR of 4% between 2024 and 2029.

The market is driven by the surging demand for packaging applications due to its lightweight, durable, and versatile properties. This trend is further fueled by the increasing consumer preference for convenient and eco-friendly packaging solutions. Another significant development in the market is the emergence of bio-based polypropylene, derived from renewable resources, which is gaining traction due to its sustainability benefits. Producers must address these concerns through innovation and the adoption of circular economy principles to ensure long-term growth and competitiveness.
Companies can capitalize on the market's potential by focusing on research and development of eco-friendly polypropylene alternatives and implementing sustainable production processes. Additionally, strategic collaborations and partnerships can help companies navigate the competitive landscape and stay ahead of industry trends. However, the market faces challenges from the harmful effects of polypropylene on the environment, particularly its contribution to plastic waste and pollution.

What will be the Size of the Polypropylene Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, quality assurance plays a pivotal role in ensuring the production of superior yarns through rigorous testing methods such as thermogravimetric analysis and differential scanning calorimetry. These tests provide valuable insights into fiber properties like heat deflection temperature, melt flow rate, and crystallinity, which significantly impact product performance. Sheet extrusion and injection molding machines are essential tools in producing high-quality polypropylene sheets and parts, respectively. This versatile plastic's applications span across numerous sectors, including automotive parts, consumer goods, medical devices, packaging films, and more. Flexural testing and impact testing are crucial in evaluating the mechanical properties of these products. Nonwoven manufacturing processes employ various testing techniques, including tensile testing and Vicat softening point determination, to ensure optimal product performance.

Syndiotactic polypropylene, with its unique properties, is gaining popularity in various applications due to its superior heat resistance and improved impact strength. Intellectual property protection is essential in the competitive market, with companies investing in research and development to create innovative solutions. Gas chromatography and nuclear magnetic resonance are essential tools in material characterization, ensuring the production of isotactic and atactic polypropylene with consistent quality. Mold design and application development are ongoing processes in the polypropylene industry, with continuous efforts to optimize production processes and expand the range of applications for this versatile material. Spinning machines play a crucial role in fiber manufacturing, ensuring the production of high-quality polypropylene fibers for various industries.

How is this Polypropylene Industry segmented?

The polypropylene industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Homopolymer
  Copolymer


Application

  Injection molding
  Extrusion molding
  Blow molding
  Others


Product Type

  Fiber
  Film and sheet
  Raffia
  Others


Geography

  North America

    US


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The Homopolymer segment is estimated to witness significant growth during the forecast period. The homopolymer segment dominates the market due to its wide range of applications and cost-effectiveness. With exceptional mechanical properties and ease of processing, this segment holds a significant market share. In packaging applications, homopolymer polypropylene is extensively used in producing films, containers, and bottles, owing to its high heat resistance and chemical resistance. The automotive industry also relies on homopolymer polypropylene for manufacturing interior components, such as dashboards and door panels, because of its durability and resistance to corrosion. The construction sector utilizes homopolymer polypropylene for pipes and fittings due to its long-lasting nature.

The manufacturing processes for polypropylene involve melt spinning for producing fibers and melt processing for creating various

Graph and download economic data for Producer Price Index by Commodity: Pulp, Paper, and Allied Products: Polypropylene/Polypropylene Multiweb Laminated Rolls and Sheets, for Flexible Packaging Uses (WPU09130322B1) from Dec 2011 to Jan 2019 about flexible, paper, production, commodities, PPI, price index, indexes, price, and USA.

This statistic shows the monthly export price of polypropylene (PP) in the United States from January 2017 to September 2017. In September 2017, the U.S. export price of PP was ***** U.S. dollars per ton.

Graph and download economic data for Producer Price Index by Industry: Plastics Packaging Film and Sheet Manufacturing: Polypropylene/Polypropylene Multiweb Laminated Rolls and Sheets, for Flexible Packaging Uses (PCU32611232611231) from Jun 2007 to Jun 2013 about flexible, plastics, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Explore the fluctuating price trends of polypropylene per pound, influenced by global oil prices, supply chain dynamics, and sector-specific demand. Stay informed about the 2023 market factors affecting this versatile polymer.

Polypropylene in primary forms imports into Nigeria contracted significantly to 199K tons in 2023, shrinking by -22.2% on 2022 figures.

The polypropylene filament yarn (PPFY) prices in India for Q4 2023 reached 1425 USD/MT in December. During this quarter, the market in India saw decreasing prices due to low requirements and oversupply. The Quality Control Order (QCO) prompted several businesses to source goods from China in order to lower costs. The entry of more affordable polypropylene also put pressure on the market, prompting local manufacturers to exercise caution with their stock management. The market was also pressured by the influx of more affordable polypropylene, resulting in cautious inventory management among domestic producers.

Polypropylene Filament Yarn (PPFY) Prices December 2023

Explore IMARC’s newly published report, titled “Polypropylene Filament Yarn (PPFY) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of polypropylene filament yarn (PPFY) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The Recycled Polypropylene (R-PP) market in North America experienced a gradual upward trend in prices throughout Q1 2025, driven by the growth in feedstock costs and constrained post-consumer Polypropylene (PP) bale supply. Especially in USA, during January, prices remained stable, indicating continuous R-PP purchases by downstream companies despite macroeconomic uncertainties. February saw drastic growth in feedstock costs, particularly for post-consumer PP bales, which nearly doubled since last fall, tightening the supply and pressuring R-PP margins.

Polypropylene (PP) Market Outlook

The global polypropylene (PP) market size was valued at approximately USD 80 billion in 2023 and is anticipated to reach around USD 120 billion by 2032, registering a compound annual growth rate (CAGR) of about 4.5% during the forecast period. This growth is primarily driven by the increasing demand for lightweight materials in the automotive industry and the widespread use of polypropylene in packaging applications. PolypropyleneÂ’s unique properties, such as high chemical resistance, low density, and excellent durability, make it an ideal choice for a variety of applications across numerous industries, thereby propelling its market growth globally.

One of the significant growth factors for the polypropylene market is its extensive application in the packaging industry. As e-commerce continues to flourish, the demand for efficient and sustainable packaging solutions has surged, with polypropylene emerging as a preferred material due to its versatility and cost-effectiveness. Additionally, the increasing consumer preference for lightweight and transparent packaging materials for food and beverage products has further fueled the demand for polypropylene. This trend is particularly robust in developing regions where the urban population and disposable incomes are on the rise, thereby enhancing the overall consumption of packaged goods.

The automotive industry's shift towards lightweight materials to improve fuel efficiency and reduce emissions is another critical driver of the polypropylene market. Polypropylene is increasingly being utilized in automotive parts such as bumpers, interior trim, and battery casings due to its lightweight and durable nature. This trend is amplified by stringent environmental regulations across Europe and North America, pushing manufacturers towards sustainable material alternatives. Moreover, the growing popularity of electric vehicles is expected to provide new avenues for polypropylene applications, as manufacturers seek materials that enhance vehicle efficiency without compromising performance.

Furthermore, polypropylene's role in the medical sector is gaining prominence due to its high resistance to chemicals and ease of sterilization, making it suitable for manufacturing medical devices and components such as syringes, diagnostic devices, and lab ware. The global emphasis on healthcare, particularly in the wake of the COVID-19 pandemic, has heightened the demand for polypropylene in medical applications. This increased demand is complemented by technological advancements in processing technologies, which have improved the efficiency and quality of polypropylene products.

Filled Polypropylene is gaining traction in various industries due to its enhanced mechanical properties and cost-effectiveness. This material, which is polypropylene combined with fillers such as calcium carbonate or talc, offers improved stiffness, reduced shrinkage, and increased thermal resistance, making it an attractive choice for automotive and construction applications. In the automotive sector, filled polypropylene is used for manufacturing components that require higher rigidity and dimensional stability, such as dashboards and door panels. The construction industry benefits from its use in producing durable and lightweight building materials. As industries continue to seek materials that offer a balance between performance and cost, the demand for filled polypropylene is expected to rise, contributing to the overall growth of the polypropylene market.

Regionally, the Asia Pacific dominates the polypropylene market, accounting for the largest share in 2023, and is expected to maintain its lead throughout the forecast period. The region's rapid industrialization, coupled with increasing investments in infrastructure development and automotive production, particularly in China and India, is a significant growth driver. North America and Europe, while experiencing steady growth, are expected to witness a shift towards sustainable and recyclable polypropylene products aligned with environmental regulations. Meanwhile, the Middle East and Africa are projected to experience moderate growth, supported by the expansion of the construction and automotive sectors.

Product Type Analysis

The polypropylene market is segmented by product type into homopolymer, copolymer, random copolymer, and impact copolymer, each possessing unique properties that cater to specific industrial needs. Homopoly