Polylactic Acid Market Segment Analysis

The global polylactic acids market is segmented based on end use and region. Based on end user industry, packaging, textile, agricultural, electronics, bio-medical and others. The packaging end-use segment accounted for the largest revenue share of over 36% in 2020, owing to the wide utilization of PLA in the manufacturing of bottles, jars, and containers, as well as in fresh food packaging solutions. The inclination of consumers towards sustainable packaging and rising environmental concerns across the globe are compelling manufacturers to use the product in various packaging solutions.

The packaging industry is one of the major consumers of PLA, especially in the food packaging sector. PLA plastic bottles are durable, disposable, and possess properties such as transparency and gloss. In addition, a strict ban on single-use plastics in many countries, such as the U.K., Zimbabwe, New Zealand, Taiwan, and several states of the U.S. (such as Hawaii, New York, and California), is significantly driving the product demand in the packaging end-use segment.

Moreover, PLA can be easily composted as compared to petroleum-based products and does not emit toxic gases on incineration; thus, its demand in this application area is expected to remain strong over the forecast period. Bioplastic packaging, including rigid packaging and loose-fill packaging, has witnessed considerable regulatory support on account of the need for reducing Greenhouse Gas (GHG) emissions.

Textile is another important sector having high market penetration and a high growth rate as PLA helps in manufacturing smooth fabrics. In addition, PLA provides excellent moisture resistance, drapability, breathability, and durability. These benefits are anticipated to propel its demand in the global textile industry over the forecast period.

[caption id="attachment_10380" align="alignleft" width="680"] Polylactic Acid Market | Exactitude Consultancy[/caption]

Polylactic Acid Market Players

The Polylactic acid market key players include Total Corbion PLA, Nature Works LLC, COFCO, Futerro, Jiangxi Keyuan Bio-Material Co., Ltd., Zhejiang Hisun Biomaterials Co., Ltd., Shanghai Tong-Jie-Liang Biomaterials Co., Ltd., Corbion Purac, Hisun Biomaterials, Synbra Technology bv.

To increase their market position, these businesses have implemented a variety of growth tactics. These companies are using expansion, new product development, mergers and acquisitions, and collaboration as important growth strategies to improve their product portfolio and geographical presence in order to meet the rising demand for Polylactic acid from emerging economies.

Industry News:

• In October 2021, Total Corbion PLA launched recycled PLA range under the brand name Luminy rPLA, which is derived from post-industrial and post-consumer PLA waste. The new product is a chemically recycled product with similar characteristics as the existing Luminy PLA product.
• In April 2021, NatureWorks LLC developed a new PLA grade Ingeo 3D700. The new material is ideal for large-format additive manufacturing, along with the reduction in warping and print failures. Ingeo 3D700 is specially designed for 3D printing, having performance characteristics such as precise detail, good adhesion, reduced warping or curling, and low odor while printing.
• In November 2021, Danimer Scientific and Total Corbion PLA collaborated to manufacture biodegradable PLA. The collaboration will support the production of custom-built resin to meet the customers' requirements for biodegradable and functional aspects of the products.
• In June 2021, NatureWorks LLC is establishing a new fully integrated Ingeo PLA production facility in Thailand. NatureWorks LLC has invested USD 600 million for the new facility, which will have production sites for lactic acid, lactide, and polymer. The plant is expected to become fully operational by 2024, with an annual production capacity of 75,000 tons Ingeo PLA grades.

Who Should Buy? Or Key Stakeholders

• Resin & polymer industries.
• Chemicals & Materials
• Institutional & retail players.
• Investment research firms

Polylactic Acid Market Regional Analysis

The polylactic acid market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

• North America: includes the US, Canada, Mexico
• Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
• Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
• South America: includes Brazil, Argentina and Rest of South America
• Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

North America accounted for the largest revenue share of over 42% in 2020. This large share is attributed to the high demand for bioplastics, which is one of the largest markets for PLA. Moreover, several initiatives promoting environmentally-friendly products by the regional government are supporting market growth.

Asia Pacific is expected to be the fastest-growing regional market from 2021 to 2028, owing to factors such as increasing demand for PLA from key end-use sectors (automobile, electronics, textile, appliance, and medical) of developing countries like Indonesia and Malaysia, fluctuating petroleum prices, and lack of resources for fossil fuels.

China led the Asia Pacific regional market in 2020. Furthermore, the richness of biomass, research-driven resources, strong downstream industry demand, material supply, and supporting government policies have created significant business opportunities for bioplastic in Thailand. This factor is also likely to drive the regional market of APAC over the forecast years. Moreover, the rapidly expanding food & beverage sector, particularly in India and China, is augmenting the market growth.

[caption id="attachment_10386" align="alignleft" width="680"] Polylactic Acid Market | Exactitude Consultancy[/caption]

 Key Market Segments: Polylactic acid Market

Polylactic Acid Market by End Use Industry, 2020-2029, (USD Million)

• Packaging
• Textile
• Agricultural
• Electronics
• Bio-Medical
• Others

Polylactic Acid Market by Region, 2020-2029, (USD Million)

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Important Countries In All Regions Are Covered.

Key Question Answered

• What is the current size of the polylactic acid market?
• What are the key factors influencing the growth of polylactic acid?
• What are the major applications for polylactic acid?
• Who are the major key players in the polylactic acid market?
• Which region will provide more business opportunities for polylactic acid in future?
• Which segment holds the maximum share of the polylactic acid market?

1. Einführung
   
   
   
   1. Marktdefinition
   
   
   2. Marktsegmentierung
   
   
   3. Forschungszeitpläne
   
   
   4. Annahmen und Einschränkungen
   
   
   
   


2. Forschungsmethodik
   
   
   
   1. Datengewinnung
      
      
      
      1. Sekundärforschung
      
      
      2. Primärforschung
      
      
      3. Ratschläge von Fachexperten
      
      
      
      
   
   
   2. Qualitätskontrollen
      
      
      
      1. Abschließende Überprüfung
      
      
      
      
   
   
   3. Datentriangulation
      
      
      
      1. Bottom-Up-Ansatz
      
      
      2. Top-Down-Ansatz
      
      
      3. Forschungsablauf
      
      
      
      
   
   
   4. Datenquellen
   
   
   
   


3. Zusammenfassung


4. Marktübersicht
   
   
   
   1. Globaler Marktausblick für Polymilchsäure
      
      
      
      1. Markttreiber
      
      
      2. Marktbeschränkungen
      
      
      3. Marktchancen
      
      
      
      
   
   
   2. Auswirkungen von Covid-19 auf den Markt für Polymilchsäure
   
   
   3. Porters Fünf-Kräfte-Modell
      
      
      
      1. Bedrohung durch neue Marktteilnehmer
      
      
      2. Bedrohung durch Ersatzstoffe
      
      
      3. Verhandlungsmacht der Lieferanten
      
      
      4. Verhandlungsmacht der Kunden
      
      
      5. Grad des Wettbewerbs
      
      
      
      
   
   
   4. Analyse der industriellen Wertschöpfungskette
   
   
   
   


5. Globaler Polymilchsäuremarkt nach Endverbrauchsbranche
   
   
   
   1. Verpackung
   
   
   2. Textil
   
   
   3. Landwirtschaftlich
   
   
   4. Elektronik
   
   
   5. Biomedizin
   
   
   6. Sonstiges
   
   
   
   


6. Globaler Polymilchsäuremarkt nach Regionen
   
   
   
   1. Nordamerika
      
      
      
      1. UNS
      
      
      2. Kanada
      
      
      3. Mexico
      
      
      
      
   
   
   2. South America
      
      
      
      1. Brazil
      
      
      2. Argentina
      
      
      3. Colombia
      
      
      4. Chile
      
      
      5. Rest Of South America
      
      
      
      
   
   
   3. Europe
      
      
      
      1. Germany
      
      
      2. UK
      
      
      3. France
      
      
      4. Italy
      
      
      5. Spain
      
      
      6. Russia
      
      
      7. Netherlands
      
      
      8. Belgium
      
      
      9. Rest Of Europe
      
      
      
      
   
   
   4. Asia Pacific
      
      
      
      1. India
      
      
      2. China
      
      
      3. Japan
      
      
      4. South Korea
      
      
      5. Australia
      
      
      6. New Zealand
      
      
      7. Indonesia
      
      
      8. Taiwan
      
      
      9. Malaysia
      
      
      10. Rest Of Asia Pacific
      
      
      
      
   
   
   5. Middle East and Africa
      
      
      
      1. UAE
      
      
      2. Saudi Arabia
      
      
      3. South Africa
      
      
      4. Rest Of Middle East and Africa
      
      
      
      
   
   
   
   

7. Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
   
   
   
   1. Total Corbion PLA
   
   
   2. Nature Works LLC
   
   
   3. COFCO
   
   
   4. Futerro
   
   
   5. Jiangxi Keyuan Bio-Material Co., Ltd.
   
   
   6. Zhejiang Hisun Biomaterials Co., Ltd.
   
   
   7. Shanghai Tong-Jie-Liang Biomaterials Co., Ltd.
   
   
   8. Corbion Purac
   
   
   9. Hisun Biomaterials
   
   
   10. Synbra Technology                               *The Company List Is Indicative
   
   
   
   

LIST OF TABLES

TABLE 1                GLOBAL POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 2                GLOBAL POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 3                GLOBAL POLYLACTIC ACID MARKET BY REGION (USD MILLIONS), 2020-2029

TABLE 4                GLOBAL POLYLACTIC ACID MARKET BY REGION (THOUSAND UNITS), 2020-2029

TABLE 5                NORTH AMERICA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 6                NORTH AMERICA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 7                US POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 8                US POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 9                CANADA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 10              CANADA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 11              MEXICO POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 12              MEXICO POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 13              SOUTH AMERICA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 14              SOUTH AMERICA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 15              BRAZIL POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 16              BRAZIL POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 17              ARGENTINA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 18              ARGENTINA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 19              COLOMBIA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 20              COLOMBIA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 21              REST OF SOUTH AMERICA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 22              REST OF SOUTH AMERICA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 23              ASIA-PACIFIC POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 24              ASIA-PACIFIC POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 25              INDIA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 26              INDIA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 27              CHINA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 28              CHINA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 29              JAPAN POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 30              JAPAN POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 31              SOUTH KOREA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 32              SOUTH KOREA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 33              AUSTRALIA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 34              AUSTRALIA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 35              SOUTH EAST ASIA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 36              SOUTH EAST ASIA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 37              REST OF ASIA PACIFIC POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 38              REST OF ASIA PACIFIC POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 39              EUROPE POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 40              EUROPE POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 41              GERMANY POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 42              GERMANY POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 43              UK POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 44              UK POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 45              FRANCE POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 46              FRANCE POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 47              ITALY POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 48              ITALY POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 49              SPAIN POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 50              SPAIN POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 51              RUSSIA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 52              RUSSIA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 53              REST OF EUROPE POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 54              REST OF EUROPE POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 55              MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 56              MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 57              UAE POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 58              UAE POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 59              SAUDI ARABIA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 60              SAUDI ARABIA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 61              SOUTH AFRICA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 62              SOUTH AFRICA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

TABLE 63              REST OF MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET BY END USERS (USD MILLIONS), 2020-2029

TABLE 64              REST OF MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET BY END USERS (THOUSAND UNITS), 2020-2029

LIST OF FIGURES

FIGURE 1              MARKET DYNAMICS

FIGURE 2              MARKET SEGMENTATION

FIGURE 3              REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4              DATA TRIANGULATION

FIGURE 5              BOTTOM-UP APPROACH

FIGURE 6              TOP-DOWN APPROACH

FIGURE 7              RESEARCH FLOW

FIGURE 8              GLOBAL POLYLACTIC ACID MARKET BY END USERS, USD MILLION, 2020-2029

FIGURE 9              GLOBAL POLYLACTIC ACID MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 10           PORTER’S FIVE FORCES MODEL

FIGURE 11           MARKET SHARE ANALYSIS

FIGURE 12           TOTAL CORBION PLA: COMPANY SNAPSHOT

FIGURE 13           NATURE WORKS LLC: COMPANY SNAPSHOT

FIGURE 14           COFCO: COMPANY SNAPSHOT

FIGURE 15           FUTERRO: COMPANY SNAPSHOT

FIGURE 16           JIANGXI KEYUAN BIO-MATERIAL CO., LTD.: COMPANY SNAPSHOT

FIGURE 17           ZHEJIANG HISUN BIOMATERIALS CO., LTD.: COMPANY SNAPSHOT

FIGURE 18           SHANGHAI TONG-JIE-LIANG BIOMATERIALS CO., LTD.: COMPANY SNAPSHOT

FIGURE 19           CORBION PURAC: COMPANY SNAPSHOT

FIGURE 20           HISUN BIOMATERIALS: COMPANY SNAPSHOT

FIGURE 21           SYNBRA TECHNOLOGY BV: COMPANY SNAPSHOT