Global Lactic Acid & Poly Lactic Acid (PLA) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Lactic Acid & Poly Lactic Acid (PLA) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Lactic Acid & Poly Lactic Acid (PLA) market size was valued at USD 1508.4 million in 2023 and is forecast to a readjusted size of USD 1937 million by 2030 with a CAGR of 3.6% during review period.

Poly(lactic acid) (PLA) is produced from the monomer of lactic acid (LA). PLA can be produced by two well-known processes—the direct polycondensation (DP) route and the ring-opening polymerization (ROP) route.

The Global Info Research report includes an overview of the development of the Lactic Acid & Poly Lactic Acid (PLA) industry chain, the market status of Biodegradable Polymers (Food Grade, Pharmaceutical Grade), Food And Beverages (Food Grade, Pharmaceutical Grade), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Lactic Acid & Poly Lactic Acid (PLA).

Regionally, the report analyzes the Lactic Acid & Poly Lactic Acid (PLA) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Lactic Acid & Poly Lactic Acid (PLA) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Lactic Acid & Poly Lactic Acid (PLA) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Lactic Acid & Poly Lactic Acid (PLA) industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MT), revenue generated, and market share of different by Type (e.g., Food Grade, Pharmaceutical Grade).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Lactic Acid & Poly Lactic Acid (PLA) market.

Regional Analysis: The report involves examining the Lactic Acid & Poly Lactic Acid (PLA) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Lactic Acid & Poly Lactic Acid (PLA) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Lactic Acid & Poly Lactic Acid (PLA):

Company Analysis: Report covers individual Lactic Acid & Poly Lactic Acid (PLA) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Lactic Acid & Poly Lactic Acid (PLA) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Biodegradable Polymers, Food And Beverages).

Technology Analysis: Report covers specific technologies relevant to Lactic Acid & Poly Lactic Acid (PLA). It assesses the current state, advancements, and potential future developments in Lactic Acid & Poly Lactic Acid (PLA) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Lactic Acid & Poly Lactic Acid (PLA) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Lactic Acid & Poly Lactic Acid (PLA) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Food Grade
Pharmaceutical Grade
Cosmetic Grade

Market segment by Application
Biodegradable Polymers
Food And Beverages
Pharmaceuticals
Personal Care Product
Other Applications

Major players covered
BASF SE
Danimer Scientific LLC
Henan Jindan Lactic Acid Technology Co., Ltd.
Synbra Technology B.V.
The Dow Chemical Company
Corbion Purac
Galactic S.A
Natureworks LLC
Teijin Ltd
Wei Mon Industry Co., Ltd

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Lactic Acid & Poly Lactic Acid (PLA) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Lactic Acid & Poly Lactic Acid (PLA), with price, sales, revenue and global market share of Lactic Acid & Poly Lactic Acid (PLA) from 2019 to 2024.

Chapter 3, the Lactic Acid & Poly Lactic Acid (PLA) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Lactic Acid & Poly Lactic Acid (PLA) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Lactic Acid & Poly Lactic Acid (PLA) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Lactic Acid & Poly Lactic Acid (PLA).

Chapter 14 and 15, to describe Lactic Acid & Poly Lactic Acid (PLA) sales channel, distributors, customers, research findings and conclusion.