Global Polylactic Acid (PLA) Market to 2032
Overview
The Global Polylactic Acid (PLA) Market is expected to reach a 3.12 USD Million by 2032 and is projected to grow at a CAGR of 9.77% from 2025 to 2032.
Revenue, 2024 (USD Million)
1.38
Forecast, 2032 (USD Million)
3.12
CAGR, 2024 - 2032
9.77%
Report Coverage
Global
Global Polylactic Acid (PLA) Market 2018-2032 USD Million
Global Polylactic Acid (PLA) Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.38 USD Million
- Projected Market Size (2032): 3.12 USD Million
- CAGR (2025-2032): 9.77%
Key Findings of Global Polylactic Acid (PLA) Market
- The Global Polylactic Acid (PLA) Market was valued at 3.12 USD Million in 2024.
- The Global Polylactic Acid (PLA) Market is likely to grow at a CAGR of 9.77% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Plastic Films in End User Segment accounted for the largest share of the market with a revenue of 0.85 USD Million
- The fastest growing segment Packaging in Application Segment grew Fastest with a CAGR of 10.53% during the forecast period from 2024 to 2032.
Global Polylactic Acid (PLA) Market Scope
Global Polylactic Acid (PLA) Market Segmentation & Scope
Application
- Others
- Hygiene
- Textile
- Electronics
- Medical
- Agriculture
- Transport
- Packaging
End User
- Biodegradable Medical Devices
- Bottles
- Plastic Films
Type
- PLA Blends
- PDLLA (Poly-dl-lactic acid)
- Regular PLLA (Poly-l-lactic acid)
- PDLA (Poly-d-lactic acid)
- Racemic PLLA (Poly-l-lactic acid)
Raw Material
- Others
- Sugar Beet
- Cassava
- Corn
- Sugarcane
Form
- Others
- Fibre
- Coatings
- Films and Sheets
Global Polylactic Acid (PLA) Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 1.38 USD Million |
| Market Value in 2032 | 3.12 USD Million |
| CAGR (2025-2032) | 9.77% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,End User,Type,Raw Material,Form |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 1.38 USD Million in 2024
- Key Country: China, leading in terms of revenue with value of 0.21 USD Million in 2024.
Segments and Scope
-
Global Polylactic Acid (PLA) Market to 2032, By Application
- Packaging is the largest segment in Global Polylactic Acid (PLA) Market to 2032 with a revenue of 0.50 USD Million in the year 2024.
- Packaging is the Fastest growing segment in Global Polylactic Acid (PLA) Market to 2032 with a Growth rate of 10.53 % in forecast period 2025-2032.
-
Global Polylactic Acid (PLA) Market to 2032, By End User
- Plastic Films is the largest segment in Global Polylactic Acid (PLA) Market to 2032 with a revenue of 0.85 USD Million in the year 2024.
- Plastic Films is the Fastest growing segment in Global Polylactic Acid (PLA) Market to 2032 with a Growth rate of 10.07 % in forecast period 2025-2032.
-
Global Polylactic Acid (PLA) Market to 2032, By Type
- Racemic PLLA (Poly-l-lactic acid) is the largest segment in Global Polylactic Acid (PLA) Market to 2032 with a revenue of 0.53 USD Million in the year 2024.
- Racemic PLLA (Poly-l-lactic acid) is the Fastest growing segment in Global Polylactic Acid (PLA) Market to 2032 with a Growth rate of 10.36 % in forecast period 2025-2032.
-
Global Polylactic Acid (PLA) Market to 2032, By Raw Material
- Sugarcane is the largest segment in Global Polylactic Acid (PLA) Market to 2032 with a revenue of 0.51 USD Million in the year 2024.
- Sugarcane is the Fastest growing segment in Global Polylactic Acid (PLA) Market to 2032 with a Growth rate of 10.41 % in forecast period 2025-2032.
-
Global Polylactic Acid (PLA) Market to 2032, By Form
- Films and Sheets is the largest segment in Global Polylactic Acid (PLA) Market to 2032 with a revenue of 0.74 USD Million in the year 2024.
- Films and Sheets is the Fastest growing segment in Global Polylactic Acid (PLA) Market to 2032 with a Growth rate of 10.01 % in forecast period 2025-2032.
Global Polylactic Acid (PLA) Market Company Share Analysis
| Company Name |
|
||
| Toray Industries, Inc. | |||
| BASF SE | |||
| Evonik Industries AG | |||
| NatureWorks LLC | |||
| TotalEnergies Corbion | |||
Global Polylactic Acid (PLA) Market Geographical Sales Distribution, 2018-2032 USD Million
Global Polylactic Acid (PLA) Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Polylactic Acid (PLA) Market is segmented based on Segmentation Application,End User,Type,Raw Material,Form.
Global Polylactic Acid (PLA) Market was valued at USD 1.38(Revenue in USD Million) in 2021.
Global Polylactic Acid (PLA) Market is projected to grow at a CAGR of 9.77% during the forecast period of 2024 to 2032.
The Plastic Films segment is expected to dominate the Global Polylactic Acid (PLA) Market, holding a largest market share of 0.85 USD Million in 2024
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Global Polylactic Acid (PLA) Market Scope
Global Polylactic Acid (PLA) Market Segmentation & Scope
Application
- Others
- Hygiene
- Textile
- Electronics
- Medical
- Agriculture
- Transport
- Packaging
End User
- Biodegradable Medical Devices
- Bottles
- Plastic Films
Type
- PLA Blends
- PDLLA (Poly-dl-lactic acid)
- Regular PLLA (Poly-l-lactic acid)
- PDLA (Poly-d-lactic acid)
- Racemic PLLA (Poly-l-lactic acid)
Raw Material
- Others
- Sugar Beet
- Cassava
- Corn
- Sugarcane
Form
- Others
- Fibre
- Coatings
- Films and Sheets
Frequently Asked Questions
The Global Polylactic Acid (PLA) Market is segmented based on Segmentation Application,End User,Type,Raw Material,Form.
Global Polylactic Acid (PLA) Market was valued at USD 1.38(Revenue in USD Million) in 2021.
Global Polylactic Acid (PLA) Market is projected to grow at a CAGR of 9.77% during the forecast period of 2024 to 2032.
The estimated market value of the Global Polylactic Acid (PLA) Market for final year is USD 3.12 (USD Million).
Global Polylactic Acid (PLA) Market Company Profiling
Frequently Asked Questions
The Global Polylactic Acid (PLA) Market is segmented based on Segmentation Application,End User,Type,Raw Material,Form.
Global Polylactic Acid (PLA) Market was valued at USD 1.38(Revenue in USD Million) in 2021.
Global Polylactic Acid (PLA) Market is projected to grow at a CAGR of 9.77% during the forecast period of 2024 to 2032.
The estimated market value of the Global Polylactic Acid (PLA) Market for final year is USD 3.12 (USD Million).
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