Europe Polypropylene Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™

January 7, 2021
Mohitinc

Europe Polypropylene Market is set to gain momentum from its possession of several beneficial properties. It has high chemical and heat resistance properties and hence, is extensively used in the packaging of food & beverages.

Fortune Business Insights™ in a new report, titled, Europe Polypropylene Market Size, Share & COVID-19 Impact Analysis, By Type (Homopolymer, Copolymer {Random Copolymer, and Block Copolymer}), Form (Resin and Powder), End-use Industry (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture, Textile & Fiber, and Others), and Country By Type, 2020-2027.” The report further states that the PP market size was USD 16.76 billion in 2019 and is projected to reach USD 17.65 billion by 2027, exhibiting a CAGR of 2.1% during the forecast period.

The outbreak of the COVID-19 pandemic has caused immense losses for a wide range of industries. Several healthcare companies are persistently striving to discover a vaccine for curing the coronavirus. Our reports are specially curated to provide elaborate information about the effects of this pandemic on every market. It will help you in selecting the right strategy for intensifying competition.

This Report Answers the Following Questions:

  • What are the growth drivers, hindrances, and dynamics in the market for Europe polypropylene?
  • Which segment is expected to lead the market in the coming years?
  • Which region is anticipated to dominate the market in the near future?
  • How will the COVID-19 pandemic affect sales of PP?

Drivers & Restraints-

Rising Demand for Processed Food & Beverages to Drive Growth

Europe is experiencing high demand for food products owing to the rising population. Also, the busy and changing lifestyles of people are increasing the need for processed food items that consist of longer shelf-life. This factor is compelling the manufacturers to utilize effective packaging solutions to prevent spoilage of food items. Polypropylene is capable of protecting the food and beverages from becoming stale due to external and internal factors. It can act as a moisture barrier. At the same time, it protects those products from temperature fluctuations and UV rays.

However, the COVID-19 pandemic has caused a rapid decline in the demand for polymers and gasoline. This is further resulting in the fluctuations in the prices of crude oil. Apart from this, the rising restrictions and halt of production processes in various industries owing to the lockdown measures may hamper the Europe polypropylene market growth in the near future.

 

 

Article Categories:
BUSINESS

Leave a Comment