Global Lactic Acid and Poly Lactic Acid PLA Market Research Report 2023(Status and Outlook)

Global Lactic Acid and Poly Lactic Acid PLA Market Research Report 2023(Status and Outlook)



Report Overview

Polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable resources, such as corn starch (in the United States and Canada), cassava roots, chips or starch (mostly in Asia), or sugarcane (in the rest of the world). In 2010, PLA had the second highest consumption volume of any bioplastic of the world.

The use of lactic acid in the manufacture of biodegradable plastics is one of the key growth factors of the lactic acid market. Rising environmental concerns due to dumping of plastics in landfills is promoting the use of bioplastics, which is indirectly benefitting the lactic acid market. Lactic acid is a carboxylic acid that is used across a host of end-use industries owing to its chemical properties. The increasing application of polylactic acid in the packaging industry is estimated to fuel growth of the polylactic acid market in the following years. The introduction of bio-based plastics and their increased usage in the food and beverage industry is expected to extend growth opportunities for the polylactic acid market in the near future. Polylactic is one of the most sought-after bioplastics and is an effective substitute to traditional petroleum-based plastics. Rising crude oil price are also estimated to drive the global PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products. North America is the largest market for global lactic acid & poly lactic acid market. Changing lifestyles along with rising consciousness regarding the enhancement of the overall personality of an individual in various countries including India, China, Malaysia, and Sri Lanka is expected to drive the global cosmetics market, which in turn is likely to spur growth.

The Global Lactic Acid and Poly Lactic Acid PLA Market Size was estimated at USD 568.10 million in 2022 and is projected to reach USD 2047.51 million by 2029, exhibiting a CAGR of 20.10% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Lactic Acid and Poly Lactic Acid PLA market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Lactic Acid and Poly Lactic Acid PLA Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Lactic Acid and Poly Lactic Acid PLA market in any manner.

Global Lactic Acid and Poly Lactic Acid PLA Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

BASF

Danimer Scientific

Henan Jindan Lactic Acid Technology

Synbra Technology

Dow Chemical

Corbion

Natureworks

Teijin

Wei Mon Industry

Market Segmentation (by Type)

Lactic Acid

Poly Lactic Acid (PLA)

Market Segmentation (by Application)

Passenger Cars

Commercial Vehicles

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Lactic Acid and Poly Lactic Acid PLA Market

Overview of the regional outlook of the Lactic Acid and Poly Lactic Acid PLA Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Lactic Acid and Poly Lactic Acid PLA
1.2 Key Market Segments
1.2.1 Lactic Acid and Poly Lactic Acid PLA Segment by Type
1.2.2 Lactic Acid and Poly Lactic Acid PLA Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Lactic Acid and Poly Lactic Acid PLA Market Overview
2.1 Global Market Overview
2.1.1 Global Lactic Acid and Poly Lactic Acid PLA Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Lactic Acid and Poly Lactic Acid PLA Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Lactic Acid and Poly Lactic Acid PLA Market Competitive Landscape
3.1 Global Lactic Acid and Poly Lactic Acid PLA Sales by Manufacturers (2018-2023)
3.2 Global Lactic Acid and Poly Lactic Acid PLA Revenue Market Share by Manufacturers (2018-2023)
3.3 Lactic Acid and Poly Lactic Acid PLA Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Lactic Acid and Poly Lactic Acid PLA Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Lactic Acid and Poly Lactic Acid PLA Sales Sites, Area Served, Product Type
3.6 Lactic Acid and Poly Lactic Acid PLA Market Competitive Situation and Trends
3.6.1 Lactic Acid and Poly Lactic Acid PLA Market Concentration Rate
3.6.2 Global 5 and 10 Largest Lactic Acid and Poly Lactic Acid PLA Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Lactic Acid and Poly Lactic Acid PLA Industry Chain Analysis
4.1 Lactic Acid and Poly Lactic Acid PLA Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Lactic Acid and Poly Lactic Acid PLA Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Lactic Acid and Poly Lactic Acid PLA Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Lactic Acid and Poly Lactic Acid PLA Sales Market Share by Type (2018-2023)
6.3 Global Lactic Acid and Poly Lactic Acid PLA Market Size Market Share by Type (2018-2023)
6.4 Global Lactic Acid and Poly Lactic Acid PLA Price by Type (2018-2023)
7 Lactic Acid and Poly Lactic Acid PLA Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Lactic Acid and Poly Lactic Acid PLA Market Sales by Application (2018-2023)
7.3 Global Lactic Acid and Poly Lactic Acid PLA Market Size (M USD) by Application (2018-2023)
7.4 Global Lactic Acid and Poly Lactic Acid PLA Sales Growth Rate by Application (2018-2023)
8 Lactic Acid and Poly Lactic Acid PLA Market Segmentation by Region
8.1 Global Lactic Acid and Poly Lactic Acid PLA Sales by Region
8.1.1 Global Lactic Acid and Poly Lactic Acid PLA Sales by Region
8.1.2 Global Lactic Acid and Poly Lactic Acid PLA Sales Market Share by Region
8.2 North America
8.2.1 North America Lactic Acid and Poly Lactic Acid PLA Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Lactic Acid and Poly Lactic Acid PLA Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Lactic Acid and Poly Lactic Acid PLA Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Lactic Acid and Poly Lactic Acid PLA Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Lactic Acid and Poly Lactic Acid PLA Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 BASF
9.1.1 BASF Lactic Acid and Poly Lactic Acid PLA Basic Information
9.1.2 BASF Lactic Acid and Poly Lactic Acid PLA Product Overview
9.1.3 BASF Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.1.4 BASF Business Overview
9.1.5 BASF Lactic Acid and Poly Lactic Acid PLA SWOT Analysis
9.1.6 BASF Recent Developments
9.2 Danimer Scientific
9.2.1 Danimer Scientific Lactic Acid and Poly Lactic Acid PLA Basic Information
9.2.2 Danimer Scientific Lactic Acid and Poly Lactic Acid PLA Product Overview
9.2.3 Danimer Scientific Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.2.4 Danimer Scientific Business Overview
9.2.5 Danimer Scientific Lactic Acid and Poly Lactic Acid PLA SWOT Analysis
9.2.6 Danimer Scientific Recent Developments
9.3 Henan Jindan Lactic Acid Technology
9.3.1 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid PLA Basic Information
9.3.2 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid PLA Product Overview
9.3.3 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.3.4 Henan Jindan Lactic Acid Technology Business Overview
9.3.5 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid PLA SWOT Analysis
9.3.6 Henan Jindan Lactic Acid Technology Recent Developments
9.4 Synbra Technology
9.4.1 Synbra Technology Lactic Acid and Poly Lactic Acid PLA Basic Information
9.4.2 Synbra Technology Lactic Acid and Poly Lactic Acid PLA Product Overview
9.4.3 Synbra Technology Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.4.4 Synbra Technology Business Overview
9.4.5 Synbra Technology Lactic Acid and Poly Lactic Acid PLA SWOT Analysis
9.4.6 Synbra Technology Recent Developments
9.5 Dow Chemical
9.5.1 Dow Chemical Lactic Acid and Poly Lactic Acid PLA Basic Information
9.5.2 Dow Chemical Lactic Acid and Poly Lactic Acid PLA Product Overview
9.5.3 Dow Chemical Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.5.4 Dow Chemical Business Overview
9.5.5 Dow Chemical Lactic Acid and Poly Lactic Acid PLA SWOT Analysis
9.5.6 Dow Chemical Recent Developments
9.6 Corbion
9.6.1 Corbion Lactic Acid and Poly Lactic Acid PLA Basic Information
9.6.2 Corbion Lactic Acid and Poly Lactic Acid PLA Product Overview
9.6.3 Corbion Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.6.4 Corbion Business Overview
9.6.5 Corbion Recent Developments
9.7 Natureworks
9.7.1 Natureworks Lactic Acid and Poly Lactic Acid PLA Basic Information
9.7.2 Natureworks Lactic Acid and Poly Lactic Acid PLA Product Overview
9.7.3 Natureworks Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.7.4 Natureworks Business Overview
9.7.5 Natureworks Recent Developments
9.8 Teijin
9.8.1 Teijin Lactic Acid and Poly Lactic Acid PLA Basic Information
9.8.2 Teijin Lactic Acid and Poly Lactic Acid PLA Product Overview
9.8.3 Teijin Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.8.4 Teijin Business Overview
9.8.5 Teijin Recent Developments
9.9 Wei Mon Industry
9.9.1 Wei Mon Industry Lactic Acid and Poly Lactic Acid PLA Basic Information
9.9.2 Wei Mon Industry Lactic Acid and Poly Lactic Acid PLA Product Overview
9.9.3 Wei Mon Industry Lactic Acid and Poly Lactic Acid PLA Product Market Performance
9.9.4 Wei Mon Industry Business Overview
9.9.5 Wei Mon Industry Recent Developments
10 Lactic Acid and Poly Lactic Acid PLA Market Forecast by Region
10.1 Global Lactic Acid and Poly Lactic Acid PLA Market Size Forecast
10.2 Global Lactic Acid and Poly Lactic Acid PLA Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Lactic Acid and Poly Lactic Acid PLA Market Size Forecast by Country
10.2.3 Asia Pacific Lactic Acid and Poly Lactic Acid PLA Market Size Forecast by Region
10.2.4 South America Lactic Acid and Poly Lactic Acid PLA Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Lactic Acid and Poly Lactic Acid PLA by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Lactic Acid and Poly Lactic Acid PLA Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Lactic Acid and Poly Lactic Acid PLA by Type (2024-2029)
11.1.2 Global Lactic Acid and Poly Lactic Acid PLA Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Lactic Acid and Poly Lactic Acid PLA by Type (2024-2029)
11.2 Global Lactic Acid and Poly Lactic Acid PLA Market Forecast by Application (2024-2029)
11.2.1 Global Lactic Acid and Poly Lactic Acid PLA Sales (K MT) Forecast by Application
11.2.2 Global Lactic Acid and Poly Lactic Acid PLA Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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