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Europe Polylactic Acid (PLA) Market: By Type: PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid), Others; By Application: Packaging, Agriculture, Textile, Biomedical, Electronics, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Europe Polylactic Acid (PLA) Market Outlook

The Europe polylactic acid (PLA) market attained a volume of about 103 kilo tons in 2020 and expected to grow in the forecast period of 2021-2026 at a CAGR of 12% to reach nearly 200.5 kilo tons by 2026.       

 

Growing Demand for Bioplastics in the Packaging Industry Augmenting the Market Growth for Polylactic Acid (PLA) in Europe

The packaging industry in Europe is witnessing rapid growth owing to the rising demand for convenient products. The evolving consumer preference and the rising demand for sustainable packaging is increasing the use of bioplastics in the packaging industry. This is surging the use of bioplastics as a substitute for fossil fuels. Bioplastics are renewable, and they are made with polylactic acid (PLA), which is sourced from several sustainable resources such as agriculture waste, hence augmenting the market growth. In addition, the trend of sustainable lifestyles is increasing the use of green packaging, especially in food and beverage products. This is increasing the use of polylactic acid (PLA) due to its excellent barrier property, high strength, and stiffness, hence providing further impetus to the industry growth.

 

Europe Polylactic Acid (PLA) Market

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Moreover, the introduction of various stringent policies regarding the use of plastics due to increasing pollution levels is further fuelling the market growth. For instance, the European Union (EU) is supporting bio-based plastics through various programs such as Horizon 2020 and Horizon Europe by providing incentives for research. The rising use of high-performance and high-quality polylactic acid polymers owing to their durability and functionality in 3D printers is augmenting the industry growth. As polylactic acid has high tensile strength and ductility, it can be used in the manufacturing of various processing means such as foam moulding, injection moulding, and vacuum moulding, among others, which is expected to fuel the market growth.

 

Polylactic Acid (PLA): Industry Definition and Segmentation

Polylactic acid (PLA), variously known as PLA or polylactide, is a polyester that is derived from renewable sources such as sugar cane and corn starch. It is recyclable and biodegradable, and is cost-effective. Polylactic acid (PLA) is widely used in the production of bioplastics and medical device prototypes, among others.

The major types of polylactic acid (PLA) are:

  • PLLA (Poly-L-lactic acid)
  • PDLA (Poly-D-lactic acid)
  • PDLLA (Poly-DL-lactic acid)
  • Others

The market can be broadly categorised on the basis of its applications into:

  • Packaging
  • Agriculture
  • Textile 
  • Biomedical 
  • Electronics
  • Others

The EMR report looks into the regional markets of polylactic acid (PLA) in Europe like Germany, United Kingdom, France, Italy, and Spain, among others.

 

Increasing Research and Development (R&D) Activities to Bolster the Growth of the Polylactic Acid (PLA) Market

The increasing research and development (R&D) activities by the leading companies are leading to the development of thermal resistant polylactic acid (PLA) with improved functionality and flexibility. The modification of favourable properties of the acid by using various additives during the synthesis is increasing the application of polylactic acid (PLA). This is projected to accelerate the market growth. The rising use of polylactic acid in agriculture and biomedical industries in the form of non-woven fabric or film owing to its biodegradable properties is anticipated to propel the market growth. Moreover, polylactic acid is used in the development of various medical equipment through 3D printing, hence accelerating the market growth.

The development of superior polylactic acid (PLA) with high melting temperature and high transition temperature to be used in various applications is invigorating the growth of the polylactic acid (PLA) industry. Moreover, polylactic acid (PLA) is extensively used in the medical industry. It is used in various biomedicines to control the metabolism rate of a carrier as well as in tissue engineering to ensure the biocompatibility of blood transfusion. It is also used in drug delivery to prolong drug action time and improve its efficiency. Such applications of polylactic acid (PLA) in Europe are expected to boost the industry growth in the forecast period.

 

Key Industry Players in the Europe Polylactic Acid (PLA) Market

The report presents a detailed analysis of the following key players in the Europe polylactic acid (PLA) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • NatureWorks LLC
  • Total Corbion PLA
  • Futerro
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Country
Breakup by Type PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid),  PDLLA (Poly-DL-lactic Acid), Others
Breakup by Application Packaging, Agriculture, Textile, Biomedical, Electronics, Others
Breakup by Country Germany, United Kingdom, France, Italy, Spain, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered NatureWorks LLC, Total Corbion PLA, Futerro, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Europe
7    Industry Opportunities and Challenges
8    Europe Polylactic Acid (PLA) Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Polylactic Acid (PLA) Historical Market (2016-2020) 
    8.3    Europe Polylactic Acid (PLA) Market Forecast (2021-2026)
    8.4    Europe Polylactic Acid (PLA) Market by Type
        8.4.1    PLLA (Poly-L-lactic Acid)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    PDLA (Poly-D-lactic Acid)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    PDLLA (Poly-DL-lactic Acid)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Europe Polylactic Acid (PLA) Market by Application
        8.5.1    Packaging
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Agriculture
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Textile
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Biomedical
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Electronics
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Europe Polylactic Acid (PLA) Market by Country
        8.6.1    Market Share
            8.6.1.1    Germany
            8.6.1.2    United Kingdom
            8.6.1.3    France
            8.6.1.4    Italy
            8.6.1.5    Spain
            8.6.1.6    Others
9    Regional Analysis
    9.1    Germany
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    United Kingdom
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    France
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    Italy
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
    9.5    Spain
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
10    Trade Data Analysis
    10.1    Major Exporting Countries 
        10.1.1    By Value 
        10.1.2    By Volume
    10.2    Major Importing Countries 
        10.2.1    By Value 
        10.2.2    By Volume
11    Price Analysis
    11.1    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12    Value Chain Analysis
13    Competitive Landscape
 

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    NatureWorks LLC
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Total Corbion PLA
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Futerro
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certification
        13.2.4    Others
14    Industry News and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Europe Polylactic Acid (PLA) Market: Key Industry Highlights, 2016 and 2026
2.    Europe Polylactic Acid (PLA) Historical Market: Breakup by Type (USD Million), 2016-2020
3.    Europe Polylactic Acid (PLA) Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    Europe Polylactic Acid (PLA) Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Europe Polylactic Acid (PLA) Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Europe Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Million), 2016-2020
7.    Europe Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Million), 2021-2026
8.    Major Exporting Countries by Value
9.    Major Importing Countries by Value
10.    Major Exporting Countries by Volume
11.    Major Importing Countries by Volume
12.    Europe Historical Price Trends and Forecast (2016-2026)
13.    Europe Polylactic Acid (PLA) Market Structure

Key Questions Answered in the Report

The Europe polylactic acid (PLA) market attained a volume of about 103 kilo tons in 2020

The market is projected to grow at a CAGR of 12% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about 200.5 kilo tons by 2026.

The market is being aided by the extensive use of polylactic acid (PLA) in bioplastics which are used in the packaging industry.

The market is expected to be driven by the increasing research and development (R&D) activities to improve the functionality of polylactic acid, the development of superior polylactic acid, and the use of polylactic acid in the medical industry.

The major regions in the industry are Germany, United Kingdom, France, Italy, and Spain, among others.

The major types of polylactic acid (PLA) in the industry are PLLA (Poly-L-lactic acid), PDLA (Poly-D-lactic acid), and PDLLA (Poly-DL-lactic acid), among others.

The significant applications in the market are packaging, agriculture, textile, biomedical, and electronics, among others.

The major players in the industry are NatureWorks LLC, Total Corbion PLA, and Futerro, among others.

Analyst Review

The Europe polylactic acid (PLA) market attained a volume of about 103 kilo tons in 2020, driven by the rising use of bioplastics in the packaging industry. Aided by the growing use of polylactic acid in the medical industry, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 12%. The market is projected to reach nearly 200.5 kilo tons by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the polylactic acid (PLA) industry can be segmented into PLLA (Poly-L-lactic acid), PDLA (Poly-D-lactic acid), and PDLLA (Poly-DL-lactic acid), among others. On the basis of applications, the industry is divided into packaging, agriculture, textile, biomedical, and electronics, among others. The major regional markets for polylactic acid (PLA) in Europe are Germany, United Kingdom, France, Italy, and Spain, among others. The key players in the above market include NatureWorks LLC, Total Corbion PLA, and Futerro, 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.

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