Polylactic Acid Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global polylactic acid market is expected to grow at a CAGR of around 16.1% during 2025-2034. This report on global polylactic acid market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global polylactic acid market by segmenting the market based on raw material, application, and region. Also, detailed profiles of companies operating in the polylactic acid market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Government Initiatives
Market Challenges
• High Costs
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Raw Material
• Corn
• Cassava
• Sugarcane and Sugar Beet
• Other Raw Materials (molasses, potato, wheat)
Market by Application
• Packaging
• Medical
• Electronics
• Agriculture
• Textiles
• Other End-user Industries (construction, consumer goods)
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Polylactic Acid Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Polylactic Acid Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Polylactic Acid Market by Raw Material
- 5.1. Introduction
- 5.2. Corn
- 5.3. Cassava
- 5.4. Sugarcane and Sugar Beet
- 5.5. Other Raw Materials
- 6. Global Polylactic Acid Market by Application
- 6.1. Introduction
- 6.2. Packaging
- 6.3. Medical
- 6.4. Electronics
- 6.5. Agriculture
- 6.6. Textiles
- 6.7. Other End-user Industries
- 7. Global Polylactic Acid Market by Region
- 7.1. Introduction
- 7.2. Europe
- 7.2.1. Germany
- 7.2.2. United Kingdom
- 7.2.3. France
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
- 7.2.7. Netherlands
- 7.2.8. Rest of the Europe
- 7.3. North America
- 7.3.1. United States
- 7.3.2. Canada
- 7.4. Asia Pacific
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. India
- 7.4.4. South Korea
- 7.4.5. Australia
- 7.4.6. Indonesia
- 7.4.7. Rest of the Asia Pacific
- 7.5. Latin America
- 7.5.1. Mexico
- 7.5.2. Brazil
- 7.5.3. Argentina
- 7.5.4. Rest of Latin America
- 7.6. Middle East & Africa
- 7.6.1. Saudi Arabia
- 7.6.2. Turkey
- 7.6.3. Iran
- 7.6.4. United Arab Emirates
- 7.6.5. Rest of Middle East & Africa
- 8. SWOT Analysis
- 9. Porter’s Five Forces
- 10. Market Value Chain Analysis
- 11. Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Company Profiles
- 11.2.1. BASF SE
- 11.2.2. COFCO
- 11.2.3. Danimer Scientific
- 11.2.4. Esun
- 11.2.5. Futerro
- 11.2.6. Jiangsu Supla Bioplastics Co., Ltd.
- 11.2.7. Jiangxi Keyuan Biopharm Co.,Ltd.
- 11.2.8. Musashino Chemical Laboratory Ltd
- 11.2.9. NatureWorks LLC
- 11.2.10. Shanghai Tong-jie-liang Biomaterials Co., Ltd.
- 11.2.11. Sulzer Ltd
- 11.2.12. Total Corbion PLA
- 11.2.13. TotalEnergies Corbion BV
- 11.2.14. Zhejiang Hisun Biomaterials Co., Ltd.
- List of Figures
- Figure 1: Global Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 2: Global Polylactic Acid Market by Raw Material, 2024
- Figure 3: Global Polylactic Acid Market by Application, 2024
- Figure 4: Global Polylactic Acid Market by Region, 2024
- Figure 5: Global Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 6: Global Polylactic Acid Market by Raw Material (in %), 2024 & 2034
- Figure 7: Global Corn Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 8: Global Corn Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 9: Global Cassava Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 10: Global Cassava Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 11: Global Sugarcane and Sugar Beet Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 12: Global Sugarcane and Sugar Beet Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 13: Global Other Raw Materials Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 14: Global Other Raw Materials Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 15: Global Polylactic Acid Market by Application (in %), 2024 & 2034
- Figure 16: Global Packaging Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 17: Global Packaging Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 18: Global Medical Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 19: Global Medical Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 20: Global Electronics Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 21: Global Electronics Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 22: Global Agriculture Steel Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 23: Global Agriculture Steel Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 24: Global Textiles Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 25: Global Textiles Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 26: Global Other End-user Industries Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 27: Global Other End-user Industries Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 28: Global Polylactic Acid Market by Region (in %), 2024 & 2034
- Figure 29: Europe Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 30: Europe Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 31: Europe Polylactic Acid Market by Country (in %), 2024 & 2034
- Figure 32: Germany Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 33: United Kingdom Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 34: France Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 35: Italy Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 36: Spain Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 37: Russia Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 38: Netherlands Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 39: North America Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 40: North America Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 41: North America Polylactic Acid Market by Country (in %), 2024 & 2034
- Figure 42: United States Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 43: Canada Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 44: Asia Pacific Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 45: Asia Pacific Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 46: Asia Pacific Polylactic Acid Market by Country (in %), 2024 & 2034
- Figure 47: China Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 48: Japan Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 49: India Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 50: South Korea Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 51: Australia Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 52: Indonesia Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 53: Latin America Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 54: Latin America Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 55: Latin America Polylactic Acid Market by Country (in %), 2024 & 2034
- Figure 56: Mexico Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 57: Brazil Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 58: Argentina Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 59: Middle East & Africa Polylactic Acid Market (in US$ Million), 2020-2024
- Figure 60: Middle East & Africa Polylactic Acid Market (in US$ Million), 2025-2034
- Figure 61: Middle East & Africa Polylactic Acid Market by Country (in %), 2024 & 2034
- Figure 62: Saudi Arabia Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 63: Turkey Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 64: Iran Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 65: UAE Polylactic Acid Market (in US$ Million), 2020-2034
- Figure 66: Market Value Chain
- List of Tables
- Table 1: Global Polylactic Acid Market Portraiture
- Table 2: Global Polylactic Acid Market by Raw Material (in US$ Million), 2024 & 2034
- Table 3: Global Polylactic Acid Market by Application (in US$ Million), 2024 & 2034
- Table 4: Global Polylactic Acid Market by Region (in US$ Million), 2024 & 2034
- Table 5: Europe Polylactic Acid Market by Country (in US$ Million), 2024 & 2034
- Table 6: North America Polylactic Acid Market by Country (in US$ Million), 2024 & 2034
- Table 7: Asia Pacific Polylactic Acid Market by Country (in US$ Million), 2024 & 2034
- Table 8: Latin America Polylactic Acid Market by Country (in US$ Million), 2024 & 2034
- Table 9: Middle East & Africa Polylactic Acid Market by Country (in US$ Million),
- 2024 & 2034
- Table 10: List of Key Players
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