Global Polylactic Acid PLA Market Overview
Introduction:
Polylactic acid (PLA) is a bio-degradable polymer. In the beginning, raw materials, such as starch (derived from wheat, corn, or cassava) or sugar (derived from sugar cane or sugar beet) are fermented to derive lactic acid. This lactic acid is later used to derive lactide through condensation, which, in the final stage, is polymerized to derive the PLA. The end product, PLA, is then further used to manufacture fibres, films & sheets, bottles, coatings, and various woven & non-woven materials that are used in various end-user industries, primarily, packaging, automotive, electronics, textile, etc.
Drivers and Restraints:
The favourable government policy to encourage of using the bio-plastics packaging which is made up of polylactic acid PLA is the major propelling factor for the growth of the global market. For instance, in 2016, France had passed a ‘Plastic Ban’ law to fight the growing problem of plastic pollution in the world, which states that all plastic plates, cups, and utensils will be banned by 2020. Additionally, the growing demand for the cellulose-derived fibres in the textile industry is another factor for the growth of the target market. Moreover, polylactic acid polyester fibres can be recycled which is the boosting factor for the growth of the target market. However, the high price and availability of the cheaper alternative is the major restraining factor for the growth of the target market. Nevertheless, the growing production of genetically modified corn can create an opportunity for the growth of the global market.
Segmentation:
The global polylactic acid (PLA) market is segmented based on raw material, form, end-user industry, and region.
Based on raw material, the global polylactic acid (PLA) market is segmented into the corn, cassava, sugarcane & sugar beet, and others. Based on form, the global market is classified into fibre, film & sheets, coatings, and others. Based on end-user industry, the global market is bifurcated into packaging, automotive, medical, electronics, agriculture, textiles, and others.
Based on the region the global polylactic acid (PLA) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is the dominating market for the global polylactic acid market because the Asia Pacific region is the most populated countries with skilled people. North America region is anticipated to show significant growth for the target market during the forecast period due to increasing usage of the flexible packaging against the biological contamination.
Key Players:
The key players operating the global polylactic acid (PLA) market involves BASF SE, Bayer, Corbian, Danimer Scientific, Dow-DuPont, Eastman Chemicals, Futerro, Henen Jindan Lactic Acid Technology, Mitsubishi Chemical, and Nature works. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in 2016, BASF SE declared the extension of its range of invention of the foam solutions, with Ecovio EA.
Detailed Segmentation:
Global Polylactic Acid (PLA) Market, By Raw Material:
- Corn
- Cassava
- Sugarcane & Sugar Beet
- Others
Global Polylactic Acid (PLA) Market, By Form:
- Fibre
- Films & Sheets
- Coatings
- Others
Global Polylactic Acid (PLA) Market, By End- User Industry:
- Packaging
- Automotive
- Medical
- Electronics
- Agriculture
- Textiles
- Others
Global Polylactic Acid (PLA) Market, By Region:
-
-
- North America
- North America Polylactic Acid (PLA) Market, By Raw Material
- North America Polylactic Acid (PLA) Market, By Form
- North America Polylactic Acid (PLA) Market, By End- User Industry
- North America Polylactic Acid (PLA) Market, By Country
- U.S.
- Canada
- Europe
- Europe Polylactic Acid (PLA) Market, By Raw Material
- Europe Polylactic Acid (PLA) Market, By Form
- Europe Polylactic Acid (PLA) Market, By End- User Industry
- Europe Polylactic Acid (PLA) Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Polylactic Acid (PLA) Market, By Raw Material
- Asia Pacific Polylactic Acid (PLA) Market, By Form
- Asia Pacific Polylactic Acid (PLA) Market, By End- User Industry
- Asia Pacific Polylactic Acid (PLA) Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Polylactic Acid (PLA) Market, By Raw Material
- Latin America Polylactic Acid (PLA) Market, By Form
- Latin America Polylactic Acid (PLA) Market, By End- User Industry
- Latin America Polylactic Acid (PLA) Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Polylactic Acid (PLA) Market, By Raw Material
- Middle East & Africa Polylactic Acid (PLA) Market, By Form
- Middle East & Africa Polylactic Acid (PLA) Market, By End- User Industry
- Middle East & Africa Polylactic Acid (PLA) Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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- Company Profile:
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- BASF SE
- Company Overview
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-
-
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategy
-
-
- Bayer
- Corbian
- Danimer Scientific
- Dow-DuPont
- Eastman Chemicals
- Futerro
- Henen Jindan Lactic Acid Technology
- Mitsubishi Chemical
- Natureworks
“*” marked represents similar segmentation in other categories in the respective section
Key Issues Addressed
- What is the total revenue potential of the global polylactic acid (PLA) market? How that market is expected to grow during the study period?
- What are some of the major growth opportunities in the polylactic acid (PLA) market?
- Which companies are the major players in the polylactic acid (PLA) market?
Global Polylactic Acid PLA Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Polylactic Acid (PLA) Strategies
- Key Questions this Study will Answer
- Market Snippet, By Raw Material
- Market Snippet, By Form
- Market Snippet, By End- User Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Polylactic Acid (PLA) Market, By Raw Material, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Corn
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Cassava
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Sugarcane & Sugar Beet
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Polylactic Acid (PLA) Market, By Form, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Fiber
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Films & Sheets
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Coatings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Polylactic Acid (PLA) Market, By End- User Industry, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Packaging
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Agriculture
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Textiles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Polylactic Acid (PLA) Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Form, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End- User Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Form, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End- User Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Form, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End- User Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Form, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End- User Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Form, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End- User Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategy
- Bayer
- Corbian
- Danimer Scientific
- Dow-DuPont
- Eastman Chemicals
- Futerro
- Henen Jindan Lactic Acid Technology
- Mitsubishi Chemical
- Natureworks
- BASF SE
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The polylactic acid (PLA) market is segmented into raw material, form, end-user industry, and region.
Factors driving market growth include increasing awareness of environmental concerns, the shift towards sustainable and bio-based plastics, and government initiatives promoting eco-friendly materials.
Global restraints may include challenges in scaling up production, competition from traditional plastics, and concerns about the industrial composting infrastructure for PLA.
The report covers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the PLA Market, witnessing a significantly high revenue share over the forecast period.
The key players operating the global polylactic acid (PLA) market involves BASF SE, Bayer, Corbian, Danimer Scientific, Dow-DuPont, Eastman Chemicals, Futerro, Henen Jindan Lactic Acid Technology, Mitsubishi Chemical, and Nature works.