Global Polylactic Acid (PLA) Market Growth 2023-2029

Global Polylactic Acid (PLA) Market Growth 2023-2029

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

This Insight Report provides a comprehensive analysis of the global Polylactic Acid (PLA) 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 Polylactic Acid (PLA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Polylactic Acid (PLA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polylactic Acid (PLA) 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 Polylactic Acid (PLA).

The global Polylactic Acid (PLA) market size is projected to grow from US$ 1046.7 million in 2022 to US$ 1324.8 million in 2029; it is expected to grow at a CAGR of 1324.8 from 2023 to 2029.

Polylactic Acid (PLA), also known as Polylactide (Polylactide), is a kind of aliphatic polyester.Polylactic acid (PLA) is a kind of biodegradable polymer material, which is made from biomass materials such as sugar, starch and cellulose by fermentation and then polymerized into PLA polymer materials. Global Polylactic Acid(PLA) key players include NatureWorks, Total Corbion, BEWiSynbra, Teijin, Toray etc. Global top five manufacturers hold a Production Market Share over 80%. North America accounts for the most Sales Market Share, which have a share over 30%, followed by China. In terms of product, Injection Molding Grade is the largest segment, with a Revenue Market Share over 65%. And in terms of application, the largest Application is Tableware and Utensils, followed by Food and Beverage Packaging.

This report presents a comprehensive overview, market shares, and growth opportunities of Polylactic Acid (PLA) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Injection Molding Grade PLA

Film Grade PLA

Sheet Grade PLA

Fiber Grade PLA

Segmentation by application

Tableware and Utensils

Food and Beverage Packaging

Electronics and Electrical Appliances

Medical and Personal Care

3D Printing Consumables

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

Total Corbion

BEWiSynbra

Teijin

Toray

Futerro

Sulzer

Unitika

HISUN

Shanghai TONGJIELIANG

Nantong JIUDING

ESUN

BBCA BIOTECH

Key Questions Addressed in this Report

What is the 10-year outlook for the global Polylactic Acid (PLA) market?

What factors are driving Polylactic Acid (PLA) market growth, globally and by region?

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

How do Polylactic Acid (PLA) market opportunities vary by end market size?

How does Polylactic Acid (PLA) 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.