Global Poly Lactic Acid Market Growth 2023-2029

Global Poly Lactic Acid Market Growth 2023-2029

Poly lactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such as starch and sugar. PLA can be processed through different production lines including injection molding, blow molding, thermoforming or extrusion, and further used to produce various items such as plastic films, bottles, and biodegradable medical devices.

LPI (LP Information)' newest research report, the “Poly Lactic Acid Industry Forecast” looks at past sales and reviews total world Poly Lactic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Poly Lactic Acid sales for 2023 through 2029. With Poly Lactic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Poly Lactic Acid industry.

This Insight Report provides a comprehensive analysis of the global Poly Lactic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Poly Lactic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Poly Lactic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Poly Lactic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Poly Lactic Acid.

The global Poly Lactic Acid market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Poly Lactic Acid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Poly Lactic Acid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Poly Lactic Acid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Poly Lactic Acid players cover NatureWorks, Synbra Technology, Teijin, Toray, Futerro, Toyobo, Sulzer, Uhde Inventa-Fischer and Hisun Biomaterials, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Poly Lactic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Poly(L-lactic)acid
Poly(D-lactic)acid
Poly(DL-lactic)acid

Segmentation by application
Food & Beverage Packaging
Serviceware
Electronics & Appliances
Medical & Hygiene
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NatureWorks
Synbra Technology
Teijin
Toray
Futerro
Toyobo
Sulzer
Uhde Inventa-Fischer
Hisun Biomaterials
Shanghai Tongjieliang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Poly Lactic Acid market?

What factors are driving Poly Lactic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Poly Lactic Acid market opportunities vary by end market size?

How does Poly Lactic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.