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Polylactic Acid Market Research Report- Forecast to 2027

Polylactic Acid (PLA) Market Information: by Type [PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid)], Application (Automotive, Textile, Packaging, Consumer Goods, Electrical & Electronics, and Others), and by Region- Forecast till 2027

ID: MRFR/CnM/3138-HCR | February 2021 | Region: Global | 138 pages

Please note that the assessment period of report has been updated from 2016-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Polylactic Acid Market:


Polylactic acid is a type of thermoplastic polyester obtained from wide variety of renewable feedstock such as wheat, corn, sugarcane, starch, and tapioca roots. PLA is made through two different processes namely condensation and polymerization. It is biodegradable as well as biocompatible in nature. PLA is a thermoplastic material and find its utilization in numerous application such as automotive, packaging, textile, electrical & electronics, consumer goods, and others.


As per our analysis, some of the important market factors and trends identified in the Global Polylactic Acid Market include rapid urbanization, increasing demand for biodegradable plastic, and continuous growth of the automotive industry. Moreover, rising application of PLA in packaging sector is predicted to propel the growth of the market over the assessment period. The introduction of bio-based plastics and their increased usage in the electrical & electronics industry is predicted to extend growth opportunities for the Global PLA Market in the upcoming years. Additionally, increasing production of passenger cars as well as rising disposable income of consumer in developing economies is expected to drive the growth of the Polylactic Acid over the forecast period 2017-2023. Furthermore, increasing environmental concerns regarding the dumping of plastics in landfills is promoting the use of Polylactic Acid based products. Stringent regulations implemented by various government bodies regarding the use of non-biodegradable plastic is estimated to propel the growth of the market. Moreover, depleting oil reserves coupled with increasing awareness regarding the benefits offer by the PLA is expected to drive the market growth. However, high cost associated with the production of PLA as compared to conventional plastics is anticipated to hamper the growth of the market during the review period.


The Global Polylactic Acid Market Share by Application, (2016) (%):Polylactic Acid Market


Regional Analysis:


The Global Polylactic Acid Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these, the Asia Pacific region is anticipated to grow at the highest CAGR over the estimated period 2017-2023 due to stable economy and continuous growth of the automotive as well as packaging industry. The demand for Polylactic Acid is predicted to propel the market growth in the numerous countries of Asia Pacific such as Malaysia, China, India, Vietnam, Thailand, Singapore, South Korea, and Japan owing to high adoption rate by the automobile manufacturers. Moreover, increasing demand for packaged foods including frozen meals and ready-to-eat meals is predicted to raise flexible packaging requirements, which, in turn, is expected to fuel the demand for PLA. Additionally, rising automotive production and sales as well as growing demand for household appliances in developing economies along with increasing disposable income of consumer is estimated to propel the growth of the market. Furthermore, economic development in Asia Pacific, particularly China, India, and Vietnam, has presented opportunities for PLA in the transportation sector.


Europe emerged as the largest PLA market followed by North America and Asia Pacific. North America is estimated to witness a moderate growth in PLA market on account of recovery of industrial sector coupled with rising investments to revitalize electronics & consumer goods industry over the assessment period. North American countries such as the U.S and Canada are among the major contributors in the regional Polylactic Acid Market growth and are estimated to see a significant regional market growth over the forecast period due to strong consumer base for packaging as well as consumer goods sector. Mexico is predicted to witness a remarkable growth due to rising automotive production and sales. Latin American countries such as Colombia, Brazil, and Venezuela are also estimated to witness a moderate growth due to increasing consumer spending on electronic products and growing automotive sector. European countries such as Poland, Russia, France, Spain, the UK, and Germany have emerged as the prominent consumer market player owing to implementation of strict regulations by government body such as REACH and continuous growth in transportation sector.  Additionally, the Middle East and Africa is estimated to witness a substantial growth over the assessment period due to significant growth in the textile industry.


Segmentation:


The Global Polylactic Acid Market is categorized on the basis of type, application, and region. On the basis of type, the market is classified into PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid). On the basis of application, the market is segmented into automotive, textile, packaging, consumer goods, electrical & electronics, and others. On the basis of regions, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players:


Some of the prominent players operating in the Global Polylactic Acid Market are BASF SE (Germany), The DOW Chemical Company (U.S.), Corbion (the Netherlands), TEIJIN LIMITED. (Japan), NatureWorks LLC (U.S.), Synbra Technology bv (the Netherlands), Galactic (Belgium), Sulzer Ltd (Switzerland), Hitachi, Ltd. (Japan), Musashino Chemical Laboratory, Ltd. (Japan), and others.


Intended Audience



  • Polylactic Acid Manufacturers

  • Traders and Distributors of Polylactic Acid

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Frequently Asked Questions (FAQ) :

PDLA (Poly-D-lactic Acid), PLLA (Poly-L-lactic Acid), and PDLLA (Poly-DL-lactic Acid) are the major types of polylactic acid, used extensively used in applications used in the production of automobiles, packaging, textile, electrical & electronics, consumer goods, and others.

Upsurge in automotive production & sales.

Europe holds the largest share in the global polylactic acid market followed by North America and Asia Pacific.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global polylactic acid adopt to gain a larger competitive advantage.

The DOW Chemical Company (US), BASF SE (Germany), Corbion (the Netherlands), NatureWorks LLC (US), Teijin Limited. (Japan), Synbra Technology B V (the Netherlands), Sulzer Ltd (Switzerland), Galactic (Belgium), Hitachi, Ltd. (Japan), and Musashino Chemical Laboratory, Ltd. (Japan), are some of the leading players in the global polylactic acid market.

Table of Contents:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Polylactic Acid Market

5 Industry Overview of Global Polylactic Acid Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Polylactic Acid Market by Type

7.1 Introduction

7.2 PLLA (Poly-L-lactic Acid)

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 PDLA (Poly-D-lactic Acid)

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 PDLLA (Poly-DL-lactic Acid)

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Polylactic Acid Market by Application

8.1 Introduction

8.2 Automotive

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Textile

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Packaging

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Consumer Goods

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Electrical & Electronics

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Polylactic Acid Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Type, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Type, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Type, 2020-2027

9.4.9.3 Market Estimates & Forecast by Application, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

9.5.8.3 Market Estimates & Forecast by Application, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Type, 2020-2027

9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 BASF SE

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 The DOW Chemical Company

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Corbion

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 TEIJIN LIMITED.

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 NatureWorks LLC

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Synbra Technology bv

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Galactic

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Sulzer Ltd

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Hitachi, Ltd.

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Musashino Chemical Laboratory, Ltd.

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

LIST OF TABLES:

Table 1 World Population by Major Regions (2020-2027)

Table 2 Global Polylactic Acid Market: By Region, 2020-2027

Table 3 North America Polylactic Acid Market: By Country, 2020-2027

Table 4 Europe Polylactic Acid Market: By Country, 2020-2027

Table 5 Asia-Pacific Polylactic Acid Market: By Country, 2020-2027

Table 6 Middle East & Africa Polylactic Acid Market: By Country, 2020-2027

Table 7 Latin America Polylactic Acid Market: By Country, 2020-2027

Table 8 Global Polylactic Acid by Type Market: By Regions, 2020-2027

Table 9 North America Polylactic Acid by Type Market: By Country, 2020-2027

Table 10 Europe Polylactic Acid by Type Market: By Country, 2020-2027

Table11 Asia-Pacific Polylactic Acid by Type Market: By Country, 2020-2027

Table12 Middle East & Africa Polylactic Acid by Type Market: By Country, 2020-2027

Table13 Latin America Polylactic Acid by Type Market: By Country, 2020-2027

Table14 North America Polylactic Acid for Application Market: By Country, 2020-2027

Table15 Europe Polylactic Acid for Application Market: By Country, 2020-2027

Table16 Asia-Pacific Polylactic Acid for Application Market: By Country, 2020-2027

Table17 Middle East & Africa Polylactic Acid for Application Market: By Country, 2020-2027

Table18 Latin America Polylactic Acid for Application Market: By Country, 2020-2027

Table 19 Global Type Market: By Region, 2020-2027

Table 20 Global Application Market: By Region, 2020-2027

Table 21 North America Polylactic Acid Market, By Country

Table 22 North America Polylactic Acid Market, By Type

Table 23 North America Polylactic Acid Market, By Application

Table24 Europe: Polylactic Acid Market, By Country

Table25 Europe: Polylactic Acid Market, By Type

Table 26 Europe: Polylactic Acid Market, By Application

Table 27 Asia-Pacific: Polylactic Acid Market, By Country

Table 28 Asia-Pacific: Polylactic Acid Market, By Type

Table 29 Asia-Pacific: Polylactic Acid Market, By Application

Table 30 Middle East & Africa: Polylactic Acid Market, By Country

Table 31 Middle East & Africa Polylactic Acid Market, By Type

Table 32 Middle East & Africa: Polylactic Acid Market, By Application

Table 33 Latin America: Polylactic Acid Market, By Country

Table 34 Latin America Polylactic Acid Market, By Type

Table 35 Latin America: Polylactic Acid Market, By Application

LIST OF FIGURES:

FIGURE 1 Global Polylactic Acid Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Polylactic Acid Market

FIGURE 4 Value Chain of Global Polylactic Acid Market

FIGURE 5 Share of Global Polylactic Acid Market in 2020, by country (in %)

FIGURE 6 Global Polylactic Acid Market, 2020-2027,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Polylactic Acid Market size by Type, 2020

FIGURE 9 Share of Global Polylactic Acid Market by Type, 2020-2027

FIGURE 10 Sub segments of Application

FIGURE 11 Global Polylactic Acid Market size by Application, 2020

FIGURE 12 Share of Global Polylactic Acid Market by Application, 2020-2027