Global Polylactic Acid (PLA) Market Report and Forecast 2023-2028

Global Polylactic Acid (PLA) Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global polylactic acid (PLA) market is projected to grow at a CAGR of 14.8% between 2023 and 2028. Aided by the burgeoning demand for eco-friendly plastic substitutes and the broadening applications of PLA in a myriad of sectors, the market is expected to reach a value of USD 2.73 billion by 2028.

PLA, a biodegradable thermoplastic, is synthesised from renewable resources like corn starch or sugarcane. Its biocompatibility and environment-friendly decomposition have positioned PLA as a prime candidate for replacing petroleum-based plastics. Commonly deployed in packaging, textile, and biomedical applications, PLA is not only sustainable but also possesses attributes such as clarity, stiffness, and resistance to UV light, making it a versatile material.

As per the polylactic acid (PLA) market analysis, the escalating global focus on environmental conservation and the subsequent policies that curb the use of non-biodegradable plastics have thrust PLA into the limelight. The urgency to combat plastic pollution and the harm it causes to ecosystems has prompted industries to pivot towards sustainable alternatives like PLA. The food and beverage sector, with its massive reliance on packaging, has been at the forefront of this transition, increasingly adopting PLA for packaging solutions that are both functional and eco-conscious.

Beyond packaging, the medical field's expansion offers new avenues for PLA. Biocompatible and safely absorbed by the human body, PLA is progressively used for medical implants, sutures, and drug delivery systems. It serves the dual purpose of fulfilling medical requirements while also ensuring minimal environmental impact post-disposal, which is further influencing the polylactic acid (PLA) market outlook.

The textile industry, too, has been veering towards PLA, harnessing its properties to create fabrics that are resilient, comfortable, and, most importantly, sustainable. PLA-based textiles are making inroads into fashion, home furnishings, and even automotive interiors, signalling a paradigm shift in material choices.

Furthermore, the polylactic acid (PLA) market growth is witnessing an upswing, buoyed by the collective global push towards sustainable alternatives. As industries and consumers alike become more eco-conscious, PLA is poised to play an instrumental role in shaping a greener future. With continued innovation and commitment to sustainability, the PLA market stands on the brink of extensive growth and transformation in the upcoming years.

Market Segmentation

The market can be divided based on end use and region.

Market Breakup by End Use
  • Packaging
  • Agriculture
  • Textile
  • Automobiles
  • Electronics
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polylactic acid (PLA) market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Shanghai Tong-jie-liang Biomaterials Co.,LTD.
  • NatureWorks LLC
  • Total Corbion PLA
  • Futerro
  • Jiangxi Keyuan Bio-Material Co., Ltd.
  • Others
About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Polylactic Acid (PLA) Market Analysis
8.1 Key Industry Highlights
8.2 Global Polylactic Acid (PLA) Historical Market (2018-2022)
8.3 Global Polylactic Acid (PLA) Market Forecast (2023-2028)
8.4 Global Polylactic Acid (PLA) Market by End Use
8.4.1 Packaging
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Agriculture
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Textile
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Automobiles
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Electronics
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Polylactic Acid (PLA) Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Polylactic Acid (PLA) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Polylactic Acid (PLA) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Polylactic Acid (PLA) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Polylactic Acid (PLA) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Polylactic Acid (PLA) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Shanghai Tong-jie-liang Biomaterials Co.,LTD.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 NatureWorks LLC
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Total Corbion PLA
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Futerro
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Jiangxi Keyuan Bio-Material Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Polylactic Acid (PLA) Market: Key Industry Highlights, 2016 and 2026
2. Global Polylactic Acid (PLA) Historical Market: Breakup by End Use (USD Billion), 2018-2022
3. Global Polylactic Acid (PLA) Market Forecast: Breakup by End Use (USD Billion), 2023-2028
4. Global Polylactic Acid (PLA) Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Polylactic Acid (PLA) Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Polylactic Acid (PLA) Market Structure

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings