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Global Polylactic Acid (PLA) Market: By End Use: Packaging, Agriculture, Textile, Automobiles, Electronics, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
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 2022-2027 to reach USD 2.07 billion by 2026.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region |
| Breakup by End Use | Packaging, Agriculture, Textile, Automobiles, Electronics, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 | Shanghai Tong-jie-liang Biomaterials Co.,LTD., NatureWorks LLC, Total Corbion PLA, Futerro, Jiangxi Keyuan Bio-Material Co., Ltd., 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 strive 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 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Polylactic Acid (PLA) Market Analysis
8.1 Key Industry Highlights
8.2 Global Polylactic Acid (PLA) Historical Market (2017-2021)
8.3 Global Polylactic Acid (PLA) Market Forecast (2022-2027)
8.4 Global Polylactic Acid (PLA) Market by End Use
8.4.1 Packaging
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Agriculture
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Textile
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Automobiles
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Electronics
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Polylactic Acid (PLA) Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Shanghai Tong-jie-liang Biomaterials Co.,LTD.
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 NatureWorks LLC
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 Total Corbion PLA
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Futerro
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Jiangxi Keyuan Bio-Material Co., Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
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), 2017-2021
3. Global Polylactic Acid (PLA) Market Forecast: Breakup by End Use (USD Billion), 2022-2027
4. Global Polylactic Acid (PLA) Historical Market: Breakup by Region (USD Billion), 2017-2021
5. Global Polylactic Acid (PLA) Market Forecast: Breakup by Region (USD Billion), 2022-2027
6. North America Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2017-2021
7. North America Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2022-2027
8. Europe Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2017-2021
9. Europe Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Asia Pacific Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Asia Pacific Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Latin America Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Latin America Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Middle East and Africa Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Middle East and Africa Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. North America Historical Price Trends and Forecast 2017-2027
17. Europe Historical Price Trends and Forecast 2017-2027
18. Asia Pacific Historical Price Trends and Forecast 2017-2027
19. Latin America Historical Price Trends and Forecast 2017-2027
20. Middle East and Africa Historical Price Trends and Forecast 2017-2027
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 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 2.07 billion by 2026.
The major drivers of the industry, such as rising disposable incomes, pollution control measures, growing preference for environmentally friendly products, rising demand from the developing regions, and the product’s extensive applications, are expected to aid the market growth.
The key trends guiding the growth of the market include the technological advancements and technological transfer from developed economies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading end use sectors in the market are packaging, agriculture, textile, automobiles, and electronics, among others.
The major players in the industry 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 2022-2027, growing at a CAGR of 14.8%. The market is projected to reach USD 2.07 billion by 2026.
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.
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