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Europe Polylactic Acid (PLA) Market

Europe Polylactic Acid (PLA) Market Size, Share, Report: By Type: PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid); By Application: Packaging, Agriculture, Textile, Biomedical, Electronics, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Europe Polylactic Acid (PLA) Market Outlook

The Europe polylactic acid (PLA) market attained a value of about USD 512.26 million in 2023 and expected to grow in the forecast period of 2024-2032 at a CAGR of 12.2% to reach nearly USD 1,035.78 million by 2032.               

 

Europe Polylactic Acid (PLA) Market

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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. 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): Market 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.

 

Europe Polylactic Acid (PLA) Market by Segment

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The major types of polylactic acid (PLA) are:

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

 

Europe Polylactic Acid (PLA) Market by Region

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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 S.A.
  • BIOTEC GmbH & Co.KG
  • Evonik Industries AG
  • 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.

 

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:

  • Type
  • Application
  • Region
Breakup by Type
  • PLLA (Poly-L-lactic Acid)
  • PDLA (Poly-D-lactic Acid)
  • PDLLA (Poly-DL-lactic Acid)
Breakup by Application
  • Packaging
  • Agriculture
  • Textile
  • Biomedical
  • Electronics
  • Others
Breakup by Region
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • NatureWorks LLC
  • Total Corbion PLA
  • Futerro S.A.
  • BIOTEC GmbH & Co.KG
  • Evonik Industries AG
  • 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.

 

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Europe Polylactic Acid (PLA) Market Report Snapshots

Europe Polylactic Acid (PLA) Market Size

Europe Polylactic Acid (PLA) Market Growth

Europe Polylactic Acid (PLA) Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Opportunities and Challenges in the Market
8    Europe Polylactic Acid (PLA) Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Polylactic Acid (PLA) Historical Market (2018-2023) 
    8.3    Europe Polylactic Acid (PLA) Market Forecast (2024-2032)
    8.4    Europe Polylactic Acid (PLA) Market by Type
        8.4.1    PLLA (Poly-L-lactic Acid)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    PDLA (Poly-D-lactic Acid)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    PDLLA (Poly-DL-lactic Acid)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Europe Polylactic Acid (PLA) Market by Application
        8.5.1    Packaging
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Agriculture
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Textile
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Biomedical
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Electronics
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Europe Polylactic Acid (PLA) Market by Country
        8.6.1    Germany
        8.6.2    United Kingdom
        8.6.3    France
        8.6.4    Italy
        8.6.5    Spain
        8.6.6    Others
9    Regional Analysis
    9.1    Germany
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    United Kingdom
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    France
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Italy
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Spain
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
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 S.A.
            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    BIOTEC GmbH & Co.KG
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certification
        13.2.5    Evonik Industries AG
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certification
        13.2.6    Others
14    Key Trends and Developments in the Market


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 Key Figures and Tables

1.    Europe Polylactic Acid (PLA) Market: Key Industry Highlights, 2017 and 2027
2.    Europe Polylactic Acid (PLA) Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Europe Polylactic Acid (PLA) Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Europe Polylactic Acid (PLA) Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Europe Polylactic Acid (PLA) Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Europe Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Million), 2018-2023
7.    Europe Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Million), 2024-2032
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 (2018-2028)
13.    Europe Polylactic Acid (PLA) Market Structure

Key Questions Answered in the Report

The Europe polylactic acid (PLA) market reached a value of USD 512.26 million in 2023.

The market is projected to grow at a CAGR of 12.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,035.78 million by 2032.               

The market is being driven by the extensive use of polylactic acid (PLA) in bioplastics in the packaging market and the beneficial mechanical properties of polylactic acid over biodegradable polymers.

The key trends of the market include the increasing research and development (R&D) activities to improve the functionality of polylactic acid, development of superior polylactic acid, and rising use of polylactic acid in medical applications.

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

The leading types of polylactic acid (PLA) in the market 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 key players in the Europe polylactic acid (PLA) market are NatureWorks LLC, Total Corbion PLA, Futerro S.A., BIOTEC GmbH & Co.KG, and Evonik Industries AG, among others.

Analyst Review

The Europe polylactic acid (PLA) market attained a volume of about USD 512.26 million in 2023, 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 2024-2032, growing at a CAGR of 12.2%. The market is projected to reach nearly USD 1,035.78 million by 2032.               

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). 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, Futerro S.A., BIOTEC GmbH & Co.KG, and Evonik Industries AG. 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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