Reports
Sale
Global Polylactic Acid (Pla) Market Size, Share, Growth: By End Use: Packaging, Agriculture, Textile, Automobiles, Electronics, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Polylactic Acid (PLA) Market Outlook
The global polylactic acid (PLA) market is expected to grow at a CAGR of 14.8% in the forecast period of 2024-2032 to reach USD 4.74 billion by 2032.
-market.png)
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Pollution Control Measures and a Rising Preference for Environmentally Friendly Products to Aid the Market Growth of Polylactic acid (PLA)
The market growth of polylactic acid (PLA) is being driven by the pollution control measures and preference for environmentally friendly products across the globe. Further, the growth of textile, packaging, and electronics industries in the developing economies like India and China due to the advancement in technology and accelerated consumer demand is aiding the market growth of polylactic acid (PLA). Therefore, the market within the Asia Pacific region is expected to grow at a robust speed over the forecast period. In the economies of Europe, the market is facilitated by the strict government norms and regulations, which has led industries to use bioplastic rather than the conventional plastic synthesised from petroleum. Moreover, North America, on the basis of production, is a significant region owing to the availability of raw materials.
Polylactic Acid (PLA): Market Segmentation
Polylactic acid (PLA), a thermoplastic aliphatic polymer, has a chemical formula (C3H4O2)n. This acid is a semi-crystalline and biodegradable hydrophobic polymer, which has a good mechanical strength. The product is compostable, which means it can be broken down under certain conditions into biodegradable components, making it an ideal material for packaging across different industries like food and beverages and consumer products.
-market-by-end-use.png)
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
On the basis of end use, the market is divided into:
- Packaging
- Agriculture
- Textile
- Automobiles
- Electronics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
-market-by-region.png)
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising Demand for Bioplastic to Aid the Market Growth of Polylactic Acid (PLA)
The market growth for polylactic acid (PLA) is being driven by the rising demand for bioplastic. Further, the government is implementing initiatives and offering subsidies, and assistance for the rising usage of biodegradable products. In addition, pollution control and environment safety are the significant drivers leading more stakeholders to turn towards bioplastic usage instead of the conventional plastic synthesised from petroleum. The market is also aided by the technological advancements, high consumer demand from the developing economies, and technological transfer from developed economies as they contribute to the growth of textiles, packaging, and electronics industries, which use polylactic acid in the production process.
Key Industry Players in the Global Polylactic Acid (PLA) Market
The report gives a detailed analysis of the following key players in the global polylactic acid (PLA) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Shanghai Tong-jie-liang Biomaterials Co.,LTD.
- NatureWorks LLC
- Total Corbion PLA
- Futerro
- Jiangxi Keyuan Bio-Material Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Polylactic Acid (PLA) Market Analysis
8.1 Key Industry Highlights
8.2 Global Polylactic Acid (PLA) Historical Market (2018-2023)
8.3 Global Polylactic Acid (PLA) Market Forecast (2024-2032)
8.4 Global Polylactic Acid (PLA) Market by End Use
8.4.1 Packaging
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Agriculture
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Textile
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Automobiles
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Electronics
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Polylactic Acid (PLA) Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Polylactic Acid (PLA) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Polylactic Acid (PLA) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Polylactic Acid (PLA) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Polylactic Acid (PLA) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Polylactic Acid (PLA) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Shanghai Tong-jie-liang Biomaterials Co.,LTD.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 NatureWorks LLC
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Total Corbion PLA
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Futerro
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Jiangxi Keyuan Bio-Material Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Polylactic Acid (PLA) Market: Key Industry Highlights, 2016 and 2026
2. Global Polylactic Acid (PLA) Historical Market: Breakup by End Use (USD Billion), 2018-2023
3. Global Polylactic Acid (PLA) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
4. Global Polylactic Acid (PLA) Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Polylactic Acid (PLA) Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Polylactic Acid (PLA) Market Structure
Key Questions Answered in the Report
The global polylactic acid (PLA) market is projected to grow at a CAGR of 14.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 4.74 billion by 2032.
The major market drivers include rising disposable incomes, increasing adoption of pollution control measures, growing preference for environmentally friendly products, and the product’s extensive applications.
The key trends aiding the market development include technological advancements and innovations, the rising usage of biodegradable products, and the introduction of favourable government initiatives aimed at promoting sustainability.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major end uses of polylactic acid (PLA) include packaging, agriculture, textile, automobiles, and electronics, among others.
The major players in the market are Shanghai Tong-jie-liang Biomaterials Co.,LTD., NatureWorks LLC, Total Corbion PLA, Futerro, and Jiangxi Keyuan Bio-Material Co., Ltd., among others.
Analyst Review
The global polylactic acid (PLA) market is being driven by the rising preference for environmentally friendly products. Aided by the technological advancements, the market is expected to witness a robust growth in the forecast period of 2024-2032, growing at a CAGR of 14.8%. The market is projected to reach USD 4.74 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on end use, the market is segmented into packaging, agriculture, textile, automobiles, and electronics, among others. The major regional markets for polylactic acid (PLA) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Shanghai Tong-jie-liang Biomaterials Co.,LTD., NatureWorks LLC, Total Corbion PLA, Futerro, and Jiangxi Keyuan Bio-Material Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER