Europe Polylactic Acid Market Size, Share & Industry Trends Analysis Report By End-use (Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others), By Country and Growth Forecast, 2023 - 2030

Europe Polylactic Acid Market Size, Share & Industry Trends Analysis Report By End-use (Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others), By Country and Growth Forecast, 2023 - 2030


The Europe Polylactic Acid Market would witness market growth of 20.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 51,143.5 Tonnes, showcasing a growth of 17.4% (2019-2022).

Various countries and regions have implemented policies to reduce the consumption of single-use plastics, encouraging industries to transition to sustainable alternatives like PLA. The European Union, for instance, has set ambitious targets to reduce plastic waste, spurring the adoption of PLA for packaging, disposable tableware, and more.

Moreover, the applications of polylactic acid are incredibly diverse, spanning a wide range of industries. Its versatility and biocompatibility have driven innovation and expansion in sectors such as packaging, textiles, medical devices, and automotive components. PLA is widely used in food packaging for its excellent barrier properties against oxygen and moisture. It is commonly employed in producing cups, containers, films, and cutlery. Its transparency and printability make it an attractive choice for branding and showcasing food products. PLA is making its mark in the textile industry as well. It is used to create bio-based and biodegradable fabrics, which offer a sustainable alternative to traditional synthetic textiles. PLA fibers are used in clothing, home textiles, and industrial applications.

The European automotive industry is a substantial contributor to the region's economy. It provides millions of jobs and accounts for a significant portion of the European Union's manufacturing output. It is a major driver of both economic growth and innovation. European automakers are globally competitive, producing many vehicles, from compact cars to luxury brands. The industry is known for its emphasis on quality, safety, and advanced engineering. Europe exports a significant number of vehicles to countries around the world. Germany, in particular, is a major exporter of automobiles, with brands like Volkswagen, BMW, and Mercedes-Benz being recognized globally. The European automotive sector is renowned for creating various automobiles, including electric, sports, luxury, and compact cars. European manufacturers are at the forefront of EV technology and producing cutting-edge features. Thus, the rise in the automobile sector in Europe will boost the demand for polylactic acid in the region.

The Germany market dominated the Europe Polylactic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $310 million by 2030. The UK market is showcasing a CAGR of 19% during (2023 - 2030). Additionally, The France market would register a CAGR of 20.8% during (2023 - 2030).

Based on End-use, the market is segmented into Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toray Industries, Inc., NatureWorks LLC, Futerro SA (GALACTIC group), COFCO Corporation, Shanghai Tong-jie-liang Biomaterials Co., LTD., Zhejiang Hisun Biomaterials Co., Ltd., BASF SE, Evonik Industries AG (RAG-Stiftung), Mitsubishi Chemical Holdings Corporation, and DANIMER SCIENTIFIC, INC.

Scope of the Study

Market Segments covered in the Report:

By End-use (Volume, Tonnes, USD Million, 2019-2030)
  • Packaging
  • Agriculture
  • Electronics
  • Textile
  • Automotive & Transport
  • Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Toray Industries, Inc.
  • NatureWorks LLC
  • Futerro SA (GALACTIC group)
  • COFCO Corporation
  • Shanghai Tong-jie-liang Biomaterials Co., LTD.
  • Zhejiang Hisun Biomaterials Co., Ltd.
  • BASF SE
  • Evonik Industries AG (RAG-Stiftung)
  • Mitsubishi Chemical Holdings Corporation
  • DANIMER SCIENTIFIC, INC.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Polylactic Acid Market, by End-use
1.4.2 Europe Polylactic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Europe Polylactic Acid Market by End-use
4.1 Europe Packaging Market by Country
4.2 Europe Agriculture Market by Country
4.3 Europe Electronics Market by Country
4.4 Europe Textile Market by Country
4.5 Europe Automotive & Transport Market by Country
4.6 Europe Others Market by Country
Chapter 5. Europe Polylactic Acid Market by Country
5.1 Germany Polylactic Acid Market
5.1.1 Germany Polylactic Acid Market by End-use
5.2 UK Polylactic Acid Market
5.2.1 UK Polylactic Acid Market by End-use
5.3 France Polylactic Acid Market
5.3.1 France Polylactic Acid Market by End-use
5.4 Russia Polylactic Acid Market
5.4.1 Russia Polylactic Acid Market by End-use
5.5 Spain Polylactic Acid Market
5.5.1 Spain Polylactic Acid Market by End-use
5.6 Italy Polylactic Acid Market
5.6.1 Italy Polylactic Acid Market by End-use
5.7 Rest of Europe Polylactic Acid Market
5.7.1 Rest of Europe Polylactic Acid Market by End-use
Chapter 6. Company Profiles
6.1 NatureWorks LLC
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.2.2 Product Launches and Product Expansions:
6.1.3 SWOT Analysis
6.2 Futerro SA (GALACTIC group)
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Geographical Expansions:
6.2.3 SWOT Analysis
6.3 Shanghai Tong-jie-liang Biomaterials Co., LTD.
6.3.1 Company Overview
6.3.2 SWOT Analysis
6.4 Zhejiang Hisun Biomaterials Co., Ltd.
6.4.1 Company Overview
6.5 Danimer Scientific, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.6 Toray Industries, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 SWOT Analysis
6.7 COFCO Corporation
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 BASF SE
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.6 SWOT Analysis
6.9 Evonik Industries AG (RAG-Stiftung)
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 Recent strategies and developments:
6.9.5.1 Product Launches and Product Expansions:
6.9.6 SWOT Analysis
6.10. Mitsubishi Chemical Holdings Corporation
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental Analysis
6.10.4 Research & Development Expense
6.10.5 SWOT Analysis

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