Ceresana: New Market Study Polypropylene
Polypropylene (PP) is the second most important standard plastic after polyethylene, compatible with many processing technologies, and used for the most diverse applications ranging from packaging to household appliances, clothes, and vehicles. Ceresana analyzed the global market for polypropylene already for the fourth time. The latest report of the market research company expects the demand for this type of plastics to grow by, on average, 3% per year until 2024.
The most important sales market for polypropylene in 2016 was flexible packaging with a demand volume of 17.66 million tonnes. Widely spread every-day products such as shrink-wrap packaging, shopping bags, and packaging for cigarettes or snacks are included. The production of rigid packaging, such as yoghurt cups, containers, bottles, and closures of all kinds ranked second. Since it is one of the most versatile packaging materials, polypropylene can assert itself against the competition of PET and other plastics. The application areas consumer goods and fibers followed.
