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Green Polypropylene Market to Hit USD 67.3 Billion by 2034, at a 5.6% CAGR | Analysis by Transparency Market Research, Inc.

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Increased investment in research and development to enhance the properties and applications of green polypropylene presents significant growth opportunities.

WILMINGTON, Del., July 18, 2024 /PRNewswire/ — The green polypropylene market was projected to attain US$ 40.2 billion in 2022. It is likely to garner a 5.6% CAGR from 2023 to 2031, and by 2031, the market is expected to attain US$ 67.3 billion.

Rising consumer preference for eco-friendly and sustainable products is pushing manufacturers to incorporate green polypropylene in their offerings. Ongoing research and development in bioplastics and polymer technologies are leading to improved production processes and better-quality green polypropylene.

Increasing applications in various industries such as automotive, packaging, textiles, and consumer goods are expanding the market for green polypropylene. The shift towards circular economy models, where materials are reused and recycled, is promoting the use of green polypropylene.

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Polypropylene (PP), being the world’s second-largest plastic resin by production volume, is a versatile thermoplastic polymer widely used in packaging, food, automotive, consumer goods, medical industries, and more. Despite having high demand, the environmental impact of polypropylene is raising significant concerns among consumers, manufacturers and governments. In recent years, the growing amount of PP waste has sparked increasing concern. Synthetic polypropylenes serve a broad range of needs, but in order to mitigate the impact of these petroleum-based plastics and their waste, significant attention has turned towards bio-based i.e. green alternative of polypropylenes.

The green polypropylene has resolved this issue of environmental impact of plastics to large extent. The sustainability of green polypropylene polymers, for both general and specific applications, is being enhanced with the help of advances in processing technologies and infrastructures that refine biomass feedstock to produce bio-based monomers used as building blocks.

Due to environmental concerns and stringent regulations related to plastics, there is a growing demand for green polypropylene, particularly in packaging applications, which is one of the major end-use industries.

Another approach targeted by manufacturers is the recycled polypropylene. Although polypropylene is fully recyclable, recycling poses several challenges. Recycled polypropylene may exhibit different properties compared to virgin polypropylene, such as melt-flow rate, molecular weight, or thermal stability, which can limit its use in applications requiring higher impact performance and part stability. Hence, green polypropylene emerges as the best alternative without compromising on properties.

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Strategic collaborations between manufacturers, research institutions, and governments are fostering innovation and market growth. Increasing availability of bio-based feedstocks, such as plant oils and agricultural waste, used to produce green polypropylene.

Growing desire to reduce dependence on fossil fuels is promoting the use of bio-based alternatives like green polypropylene. Enhancements in the performance characteristics of green polypropylene, making it more competitive with conventional polypropylene.

Growing challenges in managing plastic waste are driving the shift toward more sustainable materials. Increasing emphasis on materials that are biodegradable or compostable to reduce environmental impact. Rising number of campaigns and initiatives aimed at educating consumers about the benefits of green polypropylene and other sustainable materials.

Key Findings of the Market Report

Improved integration of green polypropylene with existing recycling infrastructure, enhancing its viability and adoption.Companies leveraging green polypropylene as part of their sustainable branding and marketing strategies to appeal to environmentally conscious consumers.Development of customized green polypropylene solutions to meet specific industry needs, such as automotive, construction, and electronics.Advancements in production processes that reduce energy consumption and increase efficiency in the manufacturing of green polypropylene.

Green Polypropylene Market Report Scope:

Report Coverage

Details 

Forecast Period  

2023-2031

Base Year  

2017-2022

Size in 2022

US$ 40.2 Mn

Forecast (Value) in 2031

US$ 67.3 Mn

Growth Rate (CAGR) 

5.6 %

No. of Pages 

310 Pages 

Segments covered 

By Source, By Application, By Region, By Component, By End-use

Market Trends for Green Polypropylene

By source, the sugarcane segment is expected to boost the growth of the green polypropylene market.Sugarcane is widely available in several regions, particularly in countries with strong agricultural sectors such as Brazil and India. Its abundance makes it a reliable and scalable source for producing green polypropylene.Sugarcane is a renewable resource, and its cultivation has a relatively short growth cycle, allowing for continuous and sustainable production of bio-based polypropylene.The production of green polypropylene from sugarcane has a significantly lower carbon footprint compared to fossil-based polypropylene. This is due to the carbon sequestration properties of sugarcane during its growth.On the basis of application, the automotive components segment is anticipated to propel the market growth.The automotive industry is focused on reducing vehicle weight to improve fuel efficiency and reduce emissions. Green polypropylene offers a lightweight alternative to traditional materials, contributing to overall vehicle efficiency.There is growing consumer demand for eco-friendly vehicles. By using sustainable materials like green polypropylene, automakers can attract environmentally conscious consumers.Advances in the formulation of green polypropylene have improved its mechanical properties, making it suitable for high-performance and durable automotive components.

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Global Market for Green Polypropylene: Regional Outlook

North America

Collaborative efforts between industry players, research institutions, and government bodies are fostering innovation and accelerating the development of green polypropylene applications.Significant investment in research and development by both public and private sectors is driving innovation in the green polypropylene market. This investment is leading to new applications and improved production processes.

Asia Pacific

The automotive industry in Asia Pacific is booming, and there is a growing focus on sustainability and reducing vehicle weight. Green polypropylene is being increasingly used in automotive components to meet these goals.The packaging industry in Asia Pacific is expanding due to the growing e-commerce sector and consumer goods market. Green polypropylene is being adopted for sustainable packaging solutions.

Green Polypropylene Market: Key Players

The competitive landscape of the green polypropylene market is evolving rapidly, driven by sustainability goals, technological advancements, and regulatory pressures, with key players focusing on innovation and strategic alliances to capitalize on emerging opportunities. The following companies are well known participants in the green polypropylene market:

SABICBraskemDow Inc.Borealis AGLyondellBasell Industries Holdings B.V.Total S.A.Trellis BioplasticsBioAmber Inc.NatureWorks LLCDanimer ScientificNovamont S.p.A.FKuR Kunststoff GmbHCorbion N.V.Biobent PolymersGreenMantra TechnologiesMitsui Chemicals Inc.

Key Developments

In 2022, SABIC, a prominent player in the global chemicals industry, announced a partnership with Mattel, a renowned global toy manufacturer. This collaboration focuses on integrating certified renewable polymers sourced from SABIC’s TRUCIRCLE program into Mattel’s product lineup.Starting in 2022, Mattel introduced its initial range of toys incorporating certified renewable SABIC PP (polypropylene) polymers. The debut included products from brands such as MEGA and Matchbox. A standout initiative is MEGA BLOKS Green Town, which marks the first toy line available at mainstream retail outlets to achieve Carbon Neutral certification.

Green Polypropylene Market Segmentation

Source

SugarcaneRice-strawCornRecycled PolypropyleneOthers

Application

FilmsContainersBagsAutomotive ComponentsToysPipesInsulationCarpetsClothingCablesOthers

End Use

Food & BeverageAutomotiveElectrical & ElectronicsAgricultureMedicalPackagingBuilding & ConstructionTextileConsumer GoodsOthers

Region

North AmericaLatin AmericaEuropeAsia PacificMiddle East & Africa

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Cast Polypropylene Packaging Films Market – Cast Polypropylene Packaging Films Market is estimated to grow at a CAGR of 4.3% from 2023 to 2031 and reach US$ 2.0 Bn by the end of 2031.Textile Waterproofing Agents Market – The global textile waterproofing agents market is projected to expand at a CAGR of 6.2% during the forecast period from 2024 to 2034.Firestop Sealants Market – Firestop Sealants Market is estimated to grow at a CAGR of 5.7% from 2024 to 2034 and reach US$ 2.3 Bn by the end of 2034.FGD Gypsum Market – Expansion in construction sector is also contributing to the FGD gypsum market growth. The sector is a major end-user of cement, drywall, and plaster.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Transparency Market Research Inc.
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Rad Power Bikes Expands Its Omnichannel Retail Experience to Include BestBuy.com and Select Best Buy Stores

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Additional physical and digital channels provide Rad Power Bikes customers more ways to interact with the brand and access Rad’s latest ebike models.

SEATTLE, Sept. 25, 2024 /PRNewswire/ — Rad Power Bikes™ today announced its teaming up with Best Buy to increase the brand’s retail presence to include 150 Best Buy stores nationwide and BestBuy.com. After several product launches, this availability enhances the seamless integration of Rad’s retail channels, enriching the customer journey from online to in-store. This expansion of Rad’s omnichannel experience underscores the company’s dedication to creating a world where transportation is not only energy-efficient and accessible but also enjoyable for everyone, no matter where they shop or how they engage with the brand.

Rad Power Bikes Expands Its Omnichannel Retail Experience to Include BestBuy.com and Select Best Buy Stores

As Rad continues to redefine sustainable transportation, the expansion to Best Buy will provide more customers with direct access to Rad’s industry-leading products in physical retail locations and online. Starting today, customers can purchase some of our rider’s favorite Rad products and accessories at BestBuy.com, and next month in 150 Best Buy stores nationwide.

“Rad Power Bikes is strategically positioning itself for sustained growth by focusing on safety, reliability, and customer accessibility,” said Phil Molyneux, CEO of Rad Power Bikes. “Our commitment to strengthening our product offerings and broadening our retail experiences for customers ensures more people can experience the benefits of ebikes. As we continue to innovate and grow beyond our direct-to-consumer roots, we remain dedicated to maintaining the highest standards of safety, quality, and customer satisfaction, which have been key in building our strong reputation with customers and retailers large and small.”

Rad is also expanding its retail partner program and is pleased to announce the appointment of industry veteran George Lee as Director of Sales. This key addition will further strengthen and grow the company’s retail partnerships, enhancing the overall customer experience and accelerating growth.

Rad Power Bikes is also planning exciting Black Friday deals on its versatile ebikes to offer even more customers the opportunity to experience the freedom and convenience of Rad Power Bikes at a great value.

Rad Power Bikes offers test rides and in-store support at its RadRetail locations, ensuring that customers can find the right ebike for their needs, whether commuting, adventuring, delivery, or hauling kids. For more information on how Rad Power Bikes is making ebikes more accessible, and to locate a store near you, visit here.

About Rad Power Bikes
Rad Power Bikes boasts a full lineup of affordable ebikes and accessories that are changing the way people and products ride for good. Founded in 2007, Rad’s team of passionate ebike enthusiasts creates products and service solutions that are purpose-built for everything, whether for commuting, adventuring, delivery, or hauling kids. The ebikes and accessories are all designed in-house at its Seattle headquarters. The company serves riders across the U.S. and Canada, and has nine RadRetail locations, and more than 1,200 retail and service partners across North America.Recognized by TIME, Fast Company, and Inc. as one of the most innovative and influential companies, Rad Power Bikes is on a mission to build a world where transportation is energy-efficient, enjoyable, and accessible to all.

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SOURCE Rad Power Bikes

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Admitad’s new generation promo code solution boosts conversion for affiliates by 40%

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DUBAI, UAE, Sept. 25, 2024 /PRNewswire/ — Admitad, a global leader in partner marketing, launches New Generation Promo codes — a turnkey solution that offers a hassle-free way to attribute sales directly to affiliates through promo codes. Publishers receive full credit for every sale generated, regardless of how or where the transaction occurs. Brands enjoy increased tracking transparency and accuracy, wider reach and boosted sales. The loyalty of publishers to advertisers is also growing due to increased profits at the same traffic volumes.

By assigning a dedicated code to each affiliate, the solution ensures personalised promotions that increase the relevance and impact of marketing campaigns, while for publishers it guarantees no risk of promo code theft or cookie stuffing. Through access to a broader network, including social media influencers and content creators, businesses can expand their reach, diversify traffic sources, and unlock new audience segments.

Solution embraces the CPS model, guaranteeing that businesses only pay for completed sales. This makes marketing spend more predictable, enabling companies to optimise their ROI. Promo codes are automatically withdrawn from publishers failing to generate sales within a specified timeline and are then reallocated to those who consistently deliver results.

Promo code tracking also solves the problem of cross-device order attribution, including tracking on mobile devices and within mobile applications. Admitad’s solution is able to bypass other tracking obstacles as well. It works seamlessly even if ad blockers, privacy settings and other extensions interfere with traditional cookie tracking.

Affiliates using New Generation Promo codes alongside their affiliate links have experienced a significant spike in conversions. Admitad compared the number of actions and growth rate of partners who previously worked only with affiliate links. Calculations showed consistent 30-40% growth in the number of actions and sales after just 3 months of promo code usage.

More conversions translate directly into increased commissions and revenue growth. By offering discounts or special offers, they incentivize consumers to make purchases that might not have otherwise been considered. It also offers publishers a powerful tool to foster deeper customer engagement.

Publishers and brands can access New Generation Promo codes through the Promo code Catalog in the Admitad Store. These codes are recommended to be used alongside the affiliate links, offering a powerful combination that ensures the best possible tracking and maximizes the conversion potential.

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Swan Bitcoin Has Achieved SOC2 Type 1 Compliance

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The independent audit and certification affirms that Swan’s platform, infrastructure, tools, and processes meet industry best practices to protect sensitive client information. 

CALABASAS, Calif., Sept. 25, 2024 /PRNewswire/ — Swan Bitcoin is proud to announce that it has successfully achieved SOC 2 Type 1 compliance, marking a significant milestone in its dedication to ensuring the highest standards of security, availability, and confidentiality for its customers. This certification, awarded by Schellman, a high-ranking IT compliance attestation firm, details the suitability of design and operating effectiveness of controls relevant to security, availability, and confidentiality to protect sensitive data.

“Every day, we handle mission-critical information,” said Yan Pritzker, Swan CTO. “This requires Swan to implement thorough security and risk controls across our whole domain, including network security, systems availability, and data confidentiality. With a SOC2-compliant environment, we are assuring our customers and partners that we can meet their stringent compliance requirements.”

SOC 2 reports are performed in accordance with the Statement on Standards for Attestation Engagements 18 (SSAE 18) attestation standard issued by the American Institute of Certified Public Accountants (AICPA). Achieving SOC 2 Type 1 certification demonstrates that Swan meets industry best practices to assure clients that their data is being handled with the utmost care and protection.

“At Swan, security is a top priority,” said Scott Kisser, Swan CISO. “Achieving SOC 2 compliance underscores our commitment to building trust by adhering to industry-leading security practices. This independent verification is another step in our continued journey to provide the most secure and trusted Bitcoin platform for our clients.”

SOC 2 compliance brings critical benefits such as reduced risk, enhanced client trust, and the confidence that Swan Bitcoin is continuously improving its security posture. The completion of Swan’s SOC 2 Type 1 report is the result of an independent audit conducted to ensure the proper design and effectiveness of a variety of controls. For more information, please visit trust.swanbitcoin.com.

About Swan

Swan is a leading Bitcoin financial services company with more than 130,000 clients. Established in 2019, Swan helps individuals and institutions to understand and invest in Bitcoin. The Swan app simplifies Bitcoin purchases with instant and recurring buys. Swan IRA provides a tax-advantaged solution for saving Bitcoin in retirement accounts. For HNWIs and businesses, Swan Private provides white-glove service for large purchases, treasury solutions, and inheritance planning. With Swan Vault, clients can easily custody their own Bitcoin with peace of mind. Swan Managed Mining provides clients with fully segregated and dedicated mining operations, catering to their unique requirements, opportunities, and strategic advantages. Swan prides itself on exceptional client service, making Bitcoin approachable to all. For more information, please visit swan.com.

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