Polylactic Acid Market, By Raw Material (Corn starch, Sugarcane, Cassava, and Others), By Application (Rigid thermoform, Film & sheets, Bottles, and Others), By End-use (Packaging, Agriculture, Automotive & transportation, Electronics, Textile, Consumer g
Polylactic Acid Market, By Raw Material (Corn starch, Sugarcane, Cassava, and Others), By Application (Rigid thermoform, Film & sheets, Bottles, and Others), By End-use (Packaging, Agriculture, Automotive & transportation, Electronics, Textile, Consumer goods, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Polylactic acid (PLA) is a biodegradable and bio-based thermoplastic aliphatic polyester derived from renewable plant sources such as corn, cassava roots, sugarcane, or sugar beet pulp. PLA can be produced through the fermentation of sugar and it provides excellent properties similar to petroleum-based plastics while offering sustainability. It is transparent and can be thermoformed but lacks toughness compared to conventional polymers. PLA finds applications in packaging films, bottles, utensils as well as 3D printing filaments due to its renewability and biodegradability. With growing environmental concerns and regulations aimed at reducing plastic pollution, the demand for bio-based and biodegradable polymers such as PLA is expected to increase significantly over the coming years.
Market Dynamics:
Stringent government regulations aimed at limiting the use of conventional plastics along with rising awareness about environmental protection are the key factors driving the growth of the global polylactic acid market. PLA production from renewable plant-based sources also reduces dependency on petroleum feedstock. Furthermore, the increasing adoption of bioplastics in the packaging of food and beverages as well as non-food applications augurs well for the market. However, high production costs and limited availability of raw materials continue to hinder the widespread adoption of PLA. On the other hand, ongoing R&D towards improving the material properties of PLA through advanced production technologies and new polymer blends with other biopolymers is expected to create growth opportunities for market players.
Key Features of the Study:
This report provides in-depth analysis of the global polylactic acid market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global polylactic acid market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include TotalEnergies Corbion bv, NatureWorks LLC, JIANGSU SUPLA BIOPLASTICS CO., LTD., Futerro, COFCO, Jiangxi Keyuan Biopharm Co.,Ltd., Shanghai Tong-jie-liang Biomaterials Co.,LTD., Zhejiang Hisun Biomaterials Co., Ltd., BASF SE, Danimer Scientific, Mitsubishi Chemical America, Inc., UNITIKA LTD., Sulzer Ltd., Weforyou, Polysciences Inc., Musashino Chemical Laboratory Ltd., BEWiSynbra Group, Esun, and Danimer Scientific
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global polylactic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polylactic acid market
Detailed Segmentation-
By Raw Material:
Corn starch
Sugarcane
Cassava
Others
By Application:
Rigid thermoform
Film & sheets
Bottles
Others
By End use:
Packaging
Agriculture
Automotive & transportation
Electronics
Textile
Consumer goods
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
TotalEnergies Corbion bv
NatureWorks LLC
JIANGSU SUPLA BIOPLASTICS CO., LTD.
Futerro
COFCO
Jiangxi Keyuan Biopharm Co.,Ltd.
Shanghai Tong-jie-liang Biomaterials Co.,LTD.
Zhejiang Hisun Biomaterials Co., Ltd.
BASF SE
Danimer Scientific
Mitsubishi Chemical America, Inc.
UNITIKA LTD.
Sulzer Ltd.
Weforyou
Polysciences Inc.
Musashino Chemical Laboratory Ltd.
BEWiSynbra Group
Esun
Danimer Scientific
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Raw Material
Market Snippet, By Application
Market Snippet, By End-use
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Polylactic Acid Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Polylactic Acid Market
Impact Analysis
5. Global Polylactic Acid Market, By Raw Material, 2019-2031, (US$ Mn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Corn starch
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Sugarcane
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Cassava
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
6. Global Polylactic Acid Market, By Application, 2019-2031, (US$ Mn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Rigid thermoform
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Film & sheets
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Bottles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
7. Global Polylactic Acid Market, By End-use, 2019-2031, (US$ Mn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Agriculture
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Automotive & transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Textile
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Consumer goods
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
Segment Trends
8. Global Polylactic Acid Market, By Region, 2019-2031, (US$ Mn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020-2031
North America
Introduction
Market Size and Forecast, By Raw Material, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By End-use, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Mn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Raw Material, 2019 – 2031, (US$ Mn))
Market Size and Forecast, By Application, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By End-use, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Raw Material, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By End-use, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Mn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Raw Material, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By End-use, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Mn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Raw Material, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Application, 2019 - 2031 (US$ Mn)
Market Size and Forecast, By End-use, 2019 – 2031, (US$ Mn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Mn)
GCC Countries
Israel
Rest of Middle East & Africa
9. Competitive Landscape
Market Share Analysis
Company Profiles
TotalEnergies Corbion bv
Company Overview
Raw Material Portfolio
Recent Developments/Updates
NatureWorks LLC
Company Overview
Raw Material Portfolio
Recent Developments/Updates
JIANGSU SUPLA BIOPLASTICS CO., LTD.
Company Overview
Raw Material Portfolio
Recent Developments/Updates
Futerro
Company Overview
Raw Material Portfolio
Recent Developments/Updates
COFCO
Company Overview
Raw Material Portfolio
Recent Developments/Updates
Jiangxi Keyuan Biopharm Co., Ltd.
Company Overview
Raw Material Portfolio
Recent Developments/Updates
Shanghai Tong-jie-liang Biomaterials Co., LTD.
Company Overview
Raw Material Portfolio
Recent Developments/Updates
Zhejiang Hisun Biomaterials Co., Ltd.
Company Overview
Raw Material Portfolio
Recent Developments/Updates
BASF SE
Company Overview
Raw Material Portfolio
Recent Developments/Updates
Danimer Scientific
Company Overview
Raw Material Portfolio
Recent Developments/Updates
Mitsubishi Chemical America, Inc.
UNITIKA LTD.
Sulzer Ltd.
Weforyou
Polysciences Inc.
Musashino Chemical Laboratory Ltd.
BEWiSynbra Group
Esun
Danimer Scientific
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Section
References
Research Methodology
About Us and Sales Contact
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