The correlated electron material CePd$_2$P$_2$ crystallizes in the ThCr$_2$Si$_2$ structure and orders ferromagnetically at 29 K. Lai et al. [Phys. Rev. B 97, 224406 (2018)] found evidence for a ferromagnetic quantum critical point induced by chemical compression via substitution of Ni for Pd. However, disorder effects due to the chemical substitution interfere with a simple analysis of the possible critical behavior. In the present work, we examine the temperature - pressure - magnetic field phase diagram of single crystalline CePd$_2$P$_2$ to 25 GPa using a combination of resistivity, magnetic susceptibility, and x-ray diffraction measurements. We find that the ferromagnetism appears to be destroyed near 12 GPa, without any change in the crystal structure.