China Expanded Polypropylene Foam Market Size & Outlook
China expanded polypropylene foam market, 2018-2030 (US$M)
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China expanded polypropylene foam market highlights
- The China expanded polypropylene foam market generated a revenue of USD 138.9 million in 2022 and is expected to reach USD 344.4 million by 2030.
- The China market is expected to grow at a CAGR of 12% from 2023 to 2030.
- In terms of segment, high density was the largest revenue generating product in 2022.
- High Density is the most lucrative product segment registering the fastest growth during the forecast period.
Expanded polypropylene foam market data book summary
| Market revenue in 2022 | USD 138.9 million |
| Market revenue in 2030 | USD 344.4 million |
| Growth rate | 12% (CAGR from 2022 to 2030) |
| Largest segment | High density |
| Fastest growing segment | High Density |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High Density, Low Density, Medium Density |
| Key market players worldwide | JSP Corp, Basf SE, Kaneka Corp, DS Smith PLC, Furukawa Electric Co Ltd, Hanwha, Sonoco Products Co, Knauf, Crown Holdings Inc |
Other key industry trends
- In terms of revenue, China accounted for 14.1% of the global expanded polypropylene foam market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China expanded polypropylene foam market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 344.4 million by 2030.
High density was the largest segment with a revenue share of 42.4% in 2022. Horizon Databook has segmented the China expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
The cost of production of EPP in China is much less than the rest of the world owing to the easy availability of raw materials and low worker wages. The increasing awareness in society regarding environmental issues and the adoption of new regulatory requirements for the recycling of packaging materials are expected to propel the demand for EPP packaging, as EPP is 100% recyclable.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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China expanded polypropylene foam market size, by product, 2018-2030 (US$M)
China Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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