Lactic and Poly Lactic Acid Market By Application (Automotive & Transport, Agriculture, Electronics, Horticulture, Consumer Goods, Bio-medical, Packaging, Textiles, Others); By Raw Material; Form; By Region; Segment Forecast, 2022 - 2030

Lactic and Poly Lactic Acid Market By Application (Automotive & Transport, Agriculture, Electronics, Horticulture, Consumer Goods, Bio-medical, Packaging, Textiles, Others); By Raw Material; Form; By Region; Segment Forecast, 2022 - 2030

The global lactic and poly lactic acid market size is expected to reach USD 7.94 billion by 2030, according to a new study by Polaris Market Research. The report “Lactic and Poly Lactic Acid Market, By Application (Automotive & Transport, Agriculture, Electronics, Horticulture, Consumer Goods, Bio-Medical, Packaging, Textiles, and Others), By Raw Material, Form, By Region; Segment Forecast, 2022-2030” provides in-depth insights into the dynamics of the current market and provides an analysis of future market growth.

Rising consumer preference for personal care products, increasing per capita income, improved living standards, and government initiatives to strictly banned single-use plastics including the provision of subsidies boost the growth of the lactic acid and poly lactic acid industry. The packaging sector is booming due to the rising demand for packaged foods, snacks, ready to eat meals (RTEs), and more.

The increasing use of poly lactic acid in the manufacture of microwave oven-compatible containers such as disposable food containers and cutlery is expected to drive the global market. The production of lactic and poly lactic acid from biodiesel waste through a proprietary process has been of increasing importance for many years. Commercially the poly lactic acid (PLA) packages have properties similar to polyethylene terephthalate (PET) and offer better sustainability properties than polystyrene. In addition, the use of lactic acid in cosmetics, bioplastics, and pharmaceuticals is expected to drive the growth trajectory of the market.

Increasing demand for poly lactic acid from end-use industries such as packaging is expected to drive the market over the study period. Moreover, surge in demand for the product in the electronics industry is projected to create favorable opportunities for the market.

Launched in 2020, the EU Commission’s new Green Deal aims to export waste to Asian countries. A regulatory framework for the biodegradable bioplastics industry, including a cyclical economic action plan, is also in place. In 2019, the European Union put an end to the production of degradable plastics, which are responsible to make firm harmful microplastics in the surroundings. Such regulations exist around the world to reduce the uncontrolled release of toxic plastic substances.

Lactic and Poly Lactic Acid Market Report Highlights

  • The packaging industry is anticipated to account for the greatest market share and it was the fastest-growing segment during the forecast period, in terms of volume and revenue.
  • Corn and sugarcane will account for a large market share in 2021. Emerging as a standout commodity due to its low cost, sustainability, and abundant availability.
  • The North America is estimated to witness favorable growth during the forecast period due to the growth of the region’s pharmaceutical and personal care industries.
  • In 2021, China will lead the Asia-Pacific market with nearly XX% revenue share. This is expected to grow owing to increased product demand in end-use sectors such as automotive, transportation, agriculture, consumer electronics, and textiles.
  • Market is characterized by the presence of major market players with a global presence, including: Mitsubishi Chemical Corporation, Natureworks LLC, Danimer Scientific, BASF SE, Total Corbion PLA, Cofco, Futerro, Toray Industries Inc., Evonik Industries, and others.
Polaris Market Research has segmented the lactic and poly lactic acid market report based on by application, by form, by raw material, and region:

Lactic and Poly Lactic Acid, Application Outlook (Revenue – USD Billion, 2022 – 2030)
  • Agriculture
  • Horticulture
  • Consumer Goods
  • Automotive & Transportation
  • Electronics
  • Bio-Medical
  • Packaging
  • Textiles
  • Others
Lactic and Poly Lactic Acid, Form Outlook (Revenue – USD Billion, 2022 – 2030)
  • Films
  • Sheets
  • Coatings
  • Fiber
  • Others
Lactic and Poly Lactic Acid, Raw Material Outlook (Revenue – USD Billion, 2022 – 2030)
  • Corn
  • Sugarcane & Sugar Beet
  • Cassava
  • Others
Lactic and Poly Lactic Acid Market, Regional Outlook (Revenue – USD Billion, 2022 – 2030)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Lactic and Poly Lactic Acid Market Insights
4.1. Lactic and Poly Lactic Acid – Industry Snapshot
4.2. Lactic and Poly Lactic Acid Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. High demand for lactic acid and polylactic acid in end-user applications
4.2.1.2. Rise in demand for alternative environment-friendly resources
4.2.2. Restraints and Challenges
4.2.2.1. Fluctuations in raw material prices to restrain the market growth
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Lactic and Poly Lactic Acid Market Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Lactic and Poly Lactic Acid Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
5.3. Automotive & Transport
5.3.1. Global Lactic and Poly Lactic Acid Market, by Automotive & Transport, by Region, 2018 - 2030 (USD Billion)
5.4. Agriculture
5.4.1. Global Lactic and Poly Lactic Acid Market, by Agriculture, by Region, 2018 - 2030 (USD Billion)
5.5. Electronics
5.5.1. Global Lactic and Poly Lactic Acid Market, by Electronics, by Region, 2018 - 2030 (USD Billion)
5.6. Horticulture
5.6.1. Global Lactic and Poly Lactic Acid Market, by Horticulture, by Region, 2018 - 2030 (USD Billion)
5.7. Consumer Goods
5.7.1. Global Lactic and Poly Lactic Acid Market, by Consumer Goods, by Region, 2018 - 2030 (USD Billion)
5.8. Bio-Medical
5.8.1. Global Lactic and Poly Lactic Acid Market, by Bio-Medical, by Region, 2018 - 2030 (USD Billion)
5.9. Packaging
5.9.1. Global Lactic and Poly Lactic Acid Market, by Packaging, by Region, 2018 - 2030 (USD Billion)
5.10. Textiles
5.10.1. Global Lactic and Poly Lactic Acid Market, by Textiles, by Region, 2018 - 2030 (USD Billion)
5.11. Others
5.11.1. Global Lactic and Poly Lactic Acid Market, by Others, by Region, 2018 - 2030 (USD Billion)
6. Global Lactic and Poly Lactic Acid Market, by Raw Material
6.1. Key Findings
6.2. Introduction
6.2.1. Global Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
6.3. Cassava
6.3.1. Global Lactic and Poly Lactic Acid Market, by Cassava, by Region, 2018 - 2030 (USD Billion)
6.4. Corn
6.4.1. Global Lactic and Poly Lactic Acid Market, by Corn, by Region, 2018 - 2030 (USD Billion)
6.5. Sugarcane & Sugar Beet
6.5.1. Global Lactic and Poly Lactic Acid Market, by Sugarcane & Sugar Beet, by Region, 2018 - 2030 (USD Billion)
6.6. Others
6.6.1. Global Lactic and Poly Lactic Acid Market, by Others, by Region, 2018 - 2030 (USD Billion)
7. Global Lactic and Poly Lactic Acid Market, by Form
7.1. Key Findings
7.2. Introduction
7.2.1. Global Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
7.3. Coatings
7.3.1. Global Lactic and Poly Lactic Acid Market, by Coatings, by Region, 2018 - 2030 (USD Billion)
7.4. Films
7.4.1. Global Lactic and Poly Lactic Acid Market, by Films, by Region, 2018 - 2030 (USD Billion)
7.5. Sheets
7.5.1. Global Lactic and Poly Lactic Acid Market, by Sheets, by Region, 2018 - 2030 (USD Billion)
7.6. Fibre
7.6.1. Global Lactic and Poly Lactic Acid Market, by Fibre, by Region, 2018 - 2030 (USD Billion)
7.7. Others
7.7.1. Global Lactic and Poly Lactic Acid Market, by Others, by Region, 2018 - 2030 (USD Billion)
8. Global Lactic and Poly Lactic Acid Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Lactic and Poly Lactic Acid Market Assessment, By Geography, 2018 - 2030 (USD Billion)
8.3. Lactic and Poly Lactic Acid Market – North America
8.3.1. North America: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.3.2. North America: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.3.3. North America: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.3.4. Lactic and Poly Lactic Acid Market – U.S.
8.3.4.1. U.S.: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.3.4.2. U.S.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.3.4.3. U.S.: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.3.5. Lactic and Poly Lactic Acid Market – Canada
8.3.5.1. Canada: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.3.5.2. Canada.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.3.5.3. Canada: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4. Lactic and Poly Lactic Acid Market – Europe
8.4.1. Europe: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.2. Europe.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.3. Europe: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4.4. Lactic and Poly Lactic Acid Market – UK
8.4.4.1. UK: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.4.2. UK.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.4.3. UK: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4.5. Lactic and Poly Lactic Acid Market – France
8.4.5.1. France: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.5.2. France.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.5.3. France: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4.6. Lactic and Poly Lactic Acid Market – Germany
8.4.6.1. Germany: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.6.2. Germany.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.6.3. Germany: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4.7. Lactic and Poly Lactic Acid Market – Italy
8.4.7.1. Italy: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.7.2. Italy.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.7.3. Italy: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4.8. Lactic and Poly Lactic Acid Market – Spain
8.4.8.1. Spain: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.8.2. Spain.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.8.3. Spain: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4.9. Lactic and Poly Lactic Acid Market – Netherlands
8.4.9.1. Netherlands: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.9.2. Netherlands.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.9.3. Netherlands: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.4.10. Lactic and Poly Lactic Acid Market – Russia
8.4.10.1. Russia: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.4.10.2. Russia.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.4.10.3. Russia: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.5. Lactic and Poly Lactic Acid Market – Asia Pacific
8.5.1. Asia Pacific: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.5.2. Asia Pacific.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.5.3. Asia Pacific: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.5.4. Lactic and Poly Lactic Acid Market – China
8.5.4.1. China: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.5.4.2. China.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.5.4.3. China: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.5.5. Lactic and Poly Lactic Acid Market – India
8.5.5.1. India: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.5.5.2. India.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.5.5.3. India: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.5.6. Lactic and Poly Lactic Acid Market – Malaysia
8.5.6.1. Malaysia: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.5.6.2. Malaysia.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.5.6.3. Malaysia: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.5.7. Lactic and Poly Lactic Acid Market – Japan
8.5.7.1. Japan: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.5.7.2. Japan.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.5.7.3. Japan: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.5.8. Lactic and Poly Lactic Acid Market – Indonesia
8.5.8.1. Indonesia: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.5.8.2. Indonesia.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.5.8.3. Indonesia: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.5.9. Lactic and Poly Lactic Acid Market – South Korea
8.5.9.1. South Korea: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.5.9.2. South Korea.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.5.9.3. South Korea: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.6. Lactic and Poly Lactic Acid Market – Middle East & Africa
8.6.1. Middle East & Africa: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.6.2. Middle East & Africa.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.6.3. Middle East & Africa: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.6.4. Lactic and Poly Lactic Acid Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.6.4.2. Saudi Arabia.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.6.4.3. Saudi Arabia: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.6.5. Lactic and Poly Lactic Acid Market – UAE
8.6.5.1. UAE: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.6.5.2. UAE.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.6.5.3. UAE: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.6.6. Lactic and Poly Lactic Acid Market – Israel
8.6.6.1. Israel: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.6.6.2. Israel.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.6.6.3. Israel: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.6.7. Lactic and Poly Lactic Acid Market – South Africa
8.6.7.1. South Africa: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.6.7.2. South Africa.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.6.7.3. South Africa: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.7. Lactic and Poly Lactic Acid Market – Latin America
8.7.1. Latin America: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.7.2. Latin America.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.7.3. Latin America: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.7.4. Lactic and Poly Lactic Acid Market – Mexico
8.7.4.1. Mexico: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.7.4.2. Mexico.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.7.4.3. Mexico: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.7.5. Lactic and Poly Lactic Acid Market – Brazil
8.7.5.1. Brazil: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.7.5.2. Brazil.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.7.5.3. Brazil: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
8.7.6. Lactic and Poly Lactic Acid Market – Argentina
8.7.6.1. Argentina: Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
8.7.6.2. Argentina.: Lactic and Poly Lactic Acid Market, by Form, 2018 - 2030 (USD Billion)
8.7.6.3. Argentina: Lactic and Poly Lactic Acid Market, by Raw Material, 2018 - 2030 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. BASF SE
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Application Benchmarking
10.1.4. Recent Development
10.2. Chongqing bofei biochemical products co., ltd.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Application Benchmarking
10.2.4. Recent Development
10.3. COFCO
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Application Benchmarking
10.3.4. Recent Development
10.4. Corbion Pura
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Application Benchmarking
10.4.4. Recent Development
10.5. Danimer Scientific
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Application Benchmarking
10.5.4. Recent Development
10.6. Futerro
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Application Benchmarking
10.6.4. Recent Development
10.7. Hisun Biomaterials
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Application Benchmarking
10.7.4. Recent Development
10.8. Jiangxi Keyuan Bio-Material Co., Ltd
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Application Benchmarking
10.8.4. Recent Development
10.9. Nantong Jiuding Biological Engineering Co. Ltd
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Application Benchmarking
10.9.4. Recent Development
10.10. Nature Works LLC
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Application Benchmarking
10.10.4. Recent Development
10.11. Nature Works LLC, Ltd.
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Application Benchmarking
10.11.4. Recent Development
10.12. Unitika Ltd
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Application Benchmarking
10.12.4. Recent Development
10.13. Zhejiang Hisun Biomaterials Co., Ltd.
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Application Benchmarking
10.13.4. Recent Development

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