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

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


The Global Polylactic Acid Market size is expected to reach $4 billion by 2030, rising at a market growth of 20.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,86,717.1 Tonnes, experiencing a growth of 18.1% (2019-2022).

The automotive industry faces pressure to decrease vehicle weight to enhance fuel efficiency and mitigate greenhouse gas emissions. PLA is attractive to automakers because it is lightweight compared to traditional plastics and can help achieve weight reduction goals, ultimately enhancing fuel efficiency. Thereby, the automotive & transport sector would acquire 1/5th share of the market by 2030. PLA's biodegradability aligns with the automotive industry's commitment to sustainability and environmental responsibility. By using PLA-based components, automakers can reduce the environmental impact of their vehicles, particularly in interior and non-structural parts. These aspects will help in the expansion of the segment in the future. Some of the factors impacting the market are increased awareness of environmental issues, ongoing research and development to improve polylactic acid properties, and high production cost of polylactic acid.

The rising environmental consciousness among consumers, businesses, and governments has led to an increased demand for eco-friendly materials. PLA, being a biodegradable and renewable biopolymer, aligns with this demand. As a result, the market experiences growing interest and demand across various industries, such as packaging, textiles, medical, and automotive. As more industries and applications recognize the benefits of PLA in reducing plastic waste and environmental impact, the market's reach broadens. This expansion opens up new opportunities for manufacturers and suppliers, creating a more competitive and dynamic marketplace. Additionally, by enhancing PLA's mechanical and thermal properties, researchers and manufacturers have expanded its range of applications. As PLA becomes more versatile, it can be utilized in a broader spectrum of industries and products, including those that require specific mechanical and thermal characteristics. The improvements in PLA's properties have made it a more attractive alternative to traditional petroleum-based plastics. PLA can offer similar or even better performance in certain applications, such as packaging, textiles, and 3D printing. This increased competitiveness with traditional plastics drives higher adoption of PLA in industries where sustainability and biodegradability are valued. These factors pose lucrative growth prospects for the market.

However, many industries and consumers are highly price-sensitive. In markets where cost is a primary consideration, the higher production cost of PLA can make it less competitive. Potential users may choose traditional plastics based on cost considerations, negatively impacting the market's growth and adoption. PLA competes with established, low-cost plastics like polyethylene (PE) and polypropylene (PP) in various applications, particularly packaging and disposable products. The cost disadvantage can limit market share and hinder its ability to compete effectively in these price-sensitive markets.

End-use Outlook

Based on end-use, the market is divided into packaging, agriculture, automotive & transport, electronics, textiles, and others. The packaging segment recorded the maximum revenue share in the market in 2022. One of the primary drivers of PLA's growth in the packaging sector is the increasing consumer demand for sustainable and eco-friendly packaging materials. Consumers are becoming more conscious of the environmental impact of packaging, leading to a preference for materials like PLA, which is biodegradable and derived from renewable resources. Governments and regulatory bodies in many regions have introduced policies and regulations to reduce the use of single-use plastics and promote the adoption of biodegradable packaging materials. This has created a favorable environment for PLA, as it aligns with these sustainability goals. These factors are expected to boost the demand in the segment.

Regional Outlook

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired the highest revenue share in the market. The packaging industry in Europe has shown a significant interest in PLA as a sustainable alternative to traditional plastics. The use of PLA in food packaging, beverage containers, and other consumer goods is on the rise. The ability of PLA to provide good barrier properties against oxygen and moisture makes it particularly suitable for these applications. The European fashion and textiles industry has explored PLA-based fabrics as a sustainable alternative to traditional synthetic textiles. PLA's properties, such as breathability and biodegradability, align with the growing demand for sustainable and bio-based fashion. These factors are expected to boost the demand in the segment.

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 Geography (Volume, Tonnes, USD Million, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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 Global Polylactic Acid Market, by End-use
1.4.2 Global Polylactic Acid Market, by Geography
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. Global Polylactic Acid Market by End-use
4.1 Global Packaging Market by Region
4.2 Global Agriculture Market by Region
4.3 Global Electronics Market by Region
4.4 Global Textile Market by Region
4.5 Global Automotive & Transport Market by Region
4.6 Global Others Market by Region
Chapter 5. Global Polylactic Acid Market by Region
5.1 North America Polylactic Acid Market
5.1.1 North America Polylactic Acid Market by End-use
5.1.1.1 North America Packaging Market by Country
5.1.1.2 North America Agriculture Market by Country
5.1.1.3 North America Electronics Market by Country
5.1.1.4 North America Textile Market by Country
5.1.1.5 North America Automotive & Transport Market by Country
5.1.1.6 North America Others Market by Country
5.1.2 North America Polylactic Acid Market by Country
5.1.2.1 US Polylactic Acid Market
5.1.2.1.1 US Polylactic Acid Market by End-use
5.1.2.2 Canada Polylactic Acid Market
5.1.2.2.1 Canada Polylactic Acid Market by End-use
5.1.2.3 Mexico Polylactic Acid Market
5.1.2.3.1 Mexico Polylactic Acid Market by End-use
5.1.2.4 Rest of North America Polylactic Acid Market
5.1.2.4.1 Rest of North America Polylactic Acid Market by End-use
5.2 Europe Polylactic Acid Market
5.2.1 Europe Polylactic Acid Market by End-use
5.2.1.1 Europe Packaging Market by Country
5.2.1.2 Europe Agriculture Market by Country
5.2.1.3 Europe Electronics Market by Country
5.2.1.4 Europe Textile Market by Country
5.2.1.5 Europe Automotive & Transport Market by Country
5.2.1.6 Europe Others Market by Country
5.2.2 Europe Polylactic Acid Market by Country
5.2.2.1 Germany Polylactic Acid Market
5.2.2.1.1 Germany Polylactic Acid Market by End-use
5.2.2.2 UK Polylactic Acid Market
5.2.2.2.1 UK Polylactic Acid Market by End-use
5.2.2.3 France Polylactic Acid Market
5.2.2.3.1 France Polylactic Acid Market by End-use
5.2.2.4 Russia Polylactic Acid Market
5.2.2.4.1 Russia Polylactic Acid Market by End-use
5.2.2.5 Spain Polylactic Acid Market
5.2.2.5.1 Spain Polylactic Acid Market by End-use
5.2.2.6 Italy Polylactic Acid Market
5.2.2.6.1 Italy Polylactic Acid Market by End-use
5.2.2.7 Rest of Europe Polylactic Acid Market
5.2.2.7.1 Rest of Europe Polylactic Acid Market by End-use
5.3 Asia Pacific Polylactic Acid Market
5.3.1 Asia Pacific Polylactic Acid Market by End-use
5.3.1.1 Asia Pacific Packaging Market by Country
5.3.1.2 Asia Pacific Agriculture Market by Country
5.3.1.3 Asia Pacific Electronics Market by Country
5.3.1.4 Asia Pacific Textile Market by Country
5.3.1.5 Asia Pacific Automotive & Transport Market by Country
5.3.1.6 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Polylactic Acid Market by Country
5.3.2.1 China Polylactic Acid Market
5.3.2.1.1 China Polylactic Acid Market by End-use
5.3.2.2 Japan Polylactic Acid Market
5.3.2.2.1 Japan Polylactic Acid Market by End-use
5.3.2.3 India Polylactic Acid Market
5.3.2.3.1 India Polylactic Acid Market by End-use
5.3.2.4 South Korea Polylactic Acid Market
5.3.2.4.1 South Korea Polylactic Acid Market by End-use
5.3.2.5 Singapore Polylactic Acid Market
5.3.2.5.1 Singapore Polylactic Acid Market by End-use
5.3.2.6 Malaysia Polylactic Acid Market
5.3.2.6.1 Malaysia Polylactic Acid Market by End-use
5.3.2.7 Rest of Asia Pacific Polylactic Acid Market
5.3.2.7.1 Rest of Asia Pacific Polylactic Acid Market by End-use
5.4 LAMEA Polylactic Acid Market
5.4.1 LAMEA Polylactic Acid Market by End-use
5.4.1.1 LAMEA Packaging Market by Country
5.4.1.2 LAMEA Agriculture Market by Country
5.4.1.3 LAMEA Electronics Market by Country
5.4.1.4 LAMEA Textile Market by Country
5.4.1.5 LAMEA Automotive & Transport Market by Country
5.4.1.6 LAMEA Others Market by Country
5.4.2 LAMEA Polylactic Acid Market by Country
5.4.2.1 Brazil Polylactic Acid Market
5.4.2.1.1 Brazil Polylactic Acid Market by End-use
5.4.2.2 Argentina Polylactic Acid Market
5.4.2.2.1 Argentina Polylactic Acid Market by End-use
5.4.2.3 UAE Polylactic Acid Market
5.4.2.3.1 UAE Polylactic Acid Market by End-use
5.4.2.4 Saudi Arabia Polylactic Acid Market
5.4.2.4.1 Saudi Arabia Polylactic Acid Market by End-use
5.4.2.5 South Africa Polylactic Acid Market
5.4.2.5.1 South Africa Polylactic Acid Market by End-use
5.4.2.6 Nigeria Polylactic Acid Market
5.4.2.6.1 Nigeria Polylactic Acid Market by End-use
5.4.2.7 Rest of LAMEA Polylactic Acid Market
5.4.2.7.1 Rest of LAMEA 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
Chapter 7. Winning Imperatives of Polylactic Acid Market

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