South Korea Polylactic Acid (PLA) Market to 2032
Overview
The South Korea Polylactic Acid (PLA) Market is expected to reach a 0.14 USD Million by 2032 and is projected to grow at a CAGR of 16.83% from 2025 to 2032.
Revenue, 2024 (USD Million)
0.06
Forecast, 2032 (USD Million)
0.14
CAGR, 2024 - 2032
16.83%
Report Coverage
South Korea
South Korea Polylactic Acid (PLA) Market 2018-2032 USD Million
South Korea Polylactic Acid (PLA) Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 0.06 USD Million
- Projected Market Size (2032): 0.14 USD Million
- CAGR (2025-2032): 16.83%
Key Findings of South Korea Polylactic Acid (PLA) Market
- The South Korea Polylactic Acid (PLA) Market was valued at 0.06 USD Million in 2024.
- The South Korea Polylactic Acid (PLA) Market is likely to grow at a CAGR of 16.83% 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 0.04 USD Million
- The fastest growing segment Packaging in Application Segment grew Fastest with a CAGR of 18.20% during the forecast period from 2024 to 2032.
South Korea Polylactic Acid (PLA) Market Scope
South Korea Polylactic Acid (PLA) Market Segmentation & Scope
End User
- Biodegradable Medical Devices
- Bottles
- Plastic Films
Application
- Others
- Hygiene
- Textile
- Electronics
- Medical
- Agriculture
- Transport
- Packaging
Form
- Others
- Fibre
- Coatings
- Films and Sheets
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
South Korea Polylactic Acid (PLA) Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 0.06 USD Million |
| Market Value in 2032 | 0.14 USD Million |
| CAGR (2025-2032) | 16.83% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Application,Form,Type,Raw Material |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 0.06 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 0.06 USD Million in 2024.
Segments and Scope
-
South Korea Polylactic Acid (PLA) Market to 2032, By End User
- Plastic Films is the largest segment in South Korea Polylactic Acid (PLA) Market to 2032 with a revenue of 0.04 USD Million in the year 2024.
- Plastic Films is the Fastest growing segment in South Korea Polylactic Acid (PLA) Market to 2032 with a Growth rate of 17.37 % in forecast period 2025-2032.
-
South Korea Polylactic Acid (PLA) Market to 2032, By Application
- Packaging is the largest segment in South Korea Polylactic Acid (PLA) Market to 2032 with a revenue of 0.02 USD Million in the year 2024.
- Packaging is the Fastest growing segment in South Korea Polylactic Acid (PLA) Market to 2032 with a Growth rate of 18.20 % in forecast period 2025-2032.
-
South Korea Polylactic Acid (PLA) Market to 2032, By Form
- Films and Sheets is the largest segment in South Korea Polylactic Acid (PLA) Market to 2032 with a revenue of 0.03 USD Million in the year 2024.
- Films and Sheets is the Fastest growing segment in South Korea Polylactic Acid (PLA) Market to 2032 with a Growth rate of 17.27 % in forecast period 2025-2032.
-
South Korea Polylactic Acid (PLA) Market to 2032, By Type
- Racemic PLLA (Poly-l-lactic acid) is the largest segment in South Korea Polylactic Acid (PLA) Market to 2032 with a revenue of 0.02 USD Million in the year 2024.
- Racemic PLLA (Poly-l-lactic acid) is the Fastest growing segment in South Korea Polylactic Acid (PLA) Market to 2032 with a Growth rate of 17.89 % in forecast period 2025-2032.
-
South Korea Polylactic Acid (PLA) Market to 2032, By Raw Material
- Sugarcane is the largest segment in South Korea Polylactic Acid (PLA) Market to 2032 with a revenue of 0.02 USD Million in the year 2024.
- Sugarcane is the Fastest growing segment in South Korea Polylactic Acid (PLA) Market to 2032 with a Growth rate of 17.97 % in forecast period 2025-2032.
South Korea Polylactic Acid (PLA) Market Company Share Analysis
| Company Name |
|
||
| Toray Industries, Inc. | |||
| BASF SE | |||
| Evonik Industries AG | |||
| NatureWorks LLC | |||
| TotalEnergies Corbion | |||
South Korea Polylactic Acid (PLA) Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Polylactic Acid (PLA) Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Polylactic Acid (PLA) Market is segmented based on Segmentation End User,Application,Form,Type,Raw Material.
South Korea Polylactic Acid (PLA) Market was valued at USD 0.06(Revenue in USD Million) in 2021.
South Korea Polylactic Acid (PLA) Market is projected to grow at a CAGR of 16.83% during the forecast period of 2024 to 2032.
The Plastic Films segment is expected to dominate the South Korea Polylactic Acid (PLA) Market, holding a largest market share of 0.04 USD Million in 2024
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South Korea Polylactic Acid (PLA) Market Scope
South Korea Polylactic Acid (PLA) Market Segmentation & Scope
End User
- Biodegradable Medical Devices
- Bottles
- Plastic Films
Application
- Others
- Hygiene
- Textile
- Electronics
- Medical
- Agriculture
- Transport
- Packaging
Form
- Others
- Fibre
- Coatings
- Films and Sheets
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
Frequently Asked Questions
The South Korea Polylactic Acid (PLA) Market is segmented based on Segmentation End User,Application,Form,Type,Raw Material.
South Korea Polylactic Acid (PLA) Market was valued at USD 0.06(Revenue in USD Million) in 2021.
South Korea Polylactic Acid (PLA) Market is projected to grow at a CAGR of 16.83% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Polylactic Acid (PLA) Market for final year is USD 0.14 (USD Million).
South Korea Polylactic Acid (PLA) Market Company Profiling
Frequently Asked Questions
The South Korea Polylactic Acid (PLA) Market is segmented based on Segmentation End User,Application,Form,Type,Raw Material.
South Korea Polylactic Acid (PLA) Market was valued at USD 0.06(Revenue in USD Million) in 2021.
South Korea Polylactic Acid (PLA) Market is projected to grow at a CAGR of 16.83% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Polylactic Acid (PLA) Market for final year is USD 0.14 (USD Million).
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