Global Polylactic Acid (PLA) Market – Industry Trends and Forecast to 2028

  • Chemical and Materials
  • Upcoming Report
  • Jun 2021
  • Global
  • 350 Pages
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Global Polylactic Acid (PLA) Market, By Raw Material (Corn, Cassava, Sugarcane and Sugar Beet and Others), Form (Fibre, Films and Sheets, Coatings and Others), Application (Packaging, Agriculture, Transport, Medical, Electronics, Textiles and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Polylactic Acid (PLA) Market Market Analysis and Insights of Polylactic Acid (PLA) Market

Data Bridge Market Research analyses that the polylactic acid (PLA) market will witness a CAGR of 16.48% for the forecast period of 2021-2028. Rising advancements in technologies increasing the overall demand for bio-plastics, increasing demand for biodegradable packaging alternatives and growth and expansion of the end user verticals are the major factors attributable to the growth of the polylactic acid (PLA) market.

Polylactic acid (PLA) is a type of renewable plastic that is primarily derived from renewable materials like corn starch and sugarcane. Polylactic acid (PLA) possesses several beneficial mechanical properties over other biodegradable polymers. In other words, polylactic acid (PLA) is a thermoplastic aliphatic polymer and this bioplastic is produced from crystallization of lactic acid. Having a chemical formula (C3H4O2)n, the polylactic acid (PLA) is a semi-crystalline and biodegradable hydrophobic polymer. The polylactic acid (PLA) can be broken down into a range of biodegradable components which makes it ideal for application by a wide range of verticals.

Increasing demand and application from the industries for the consumption of green, eco-friendly packaging alternatives is the root cause fuelling up the polylactic acid (PLA) market growth rate. Rising demand for bio plastics due to a growth of concern regarding the environment will further create lucrative and remunerative growth opportunities for the polylactic acid (PLA) market. Rising industrialization and increasing demand for the product from personal care and cosmetics good will further induce growth in the demand for polylactic acid (PLA). Increased initiatives by the government to spread awareness for the use of bio plastics will also act as an important polylactic acid (PLA) market growth determinant.

However, high costs associated with research and production processes will restrict the scope of growth for the polylactic acid (PLA) market. Requirement for specific composting system adds up to further asset requirements and this will further derail the polylactic acid (PLA) market growth rate. Also, availability of fiber-based alternatives will act as a polylactic acid (PLA) market growth restraint.

This polylactic acid (PLA) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polylactic acid (PLA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Polylactic Acid (PLA) Market Scope and Market Size

The polylactic acid (PLA) market is segmented on the basis of raw material, form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • On the basis of raw material, the polylactic acid (PLA) market is segmented into corn, cassava, sugarcane and sugar beet and others.
  • On the basis of form, the polylactic acid (PLA) market is segmented into fibre, films and sheets, coatings and others.
  • On the basis of application, the polylactic acid (PLA) market is segmented into packaging, agriculture, transport, medical, electronics, textiles and others.

Global Polylactic Acid (PLA) Market Country Level Analysis

Global polylactic acid (PLA) market is analysed and market size, volume information is provided by country, raw material, form and application as referenced above.

The countries covered in the polylactic acid (PLA) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the polylactic acid (PLA) market and will continue to flourish its trend of dominance during the forecast period. This is because of the stringent regulations pertaining to application of plastics and increased expenditure on the research and development proficiencies for bioplastics. However, Asia-Pacific region will register the highest CAGR for the forecast period where China will emerge as the major contributor. This is because the region is the major producer for packaging materials. Abundant availability of raw materials is also fostering the polylactic acid (PLA) market growth rate.   

The country section of the polylactic acid (PLA) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Polylactic Acid (PLA) Market Share Analysis

The polylactic acid (PLA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polylactic acid (PLA) market.

The major players covered in the polylactic acid (PLA) market report are BASF SE, Danimer Scientific, Futerro, NatureWorks LLC, Total, Corbion PLA, Synbra Technology bv, Hitachi, Ltd., Sulzer Ltd, TOYOBO CO., LTD., Mitsubishi Chemical Holdings Corporation, Dow, TORAY INDUSTRIES, INC, weforyou GmbH, Merck KGaA, Musashino Chemical Laboratory, Ltd., The Chemical Company, Reliance Life Sciences, Evonik Industries AG and COFCO International among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Polylactic Acid (PLA) Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for.Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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