Global polylactic acid market is expected to reach USD3 billion by the end of 2024, witnessing a CAGR close to 17% during the forecast period.

Polylactic acid (PLA) is a biodegradable polymer, which is produced from renewable sources such as sugarcane, corn, tapioca etc. PLA exhibits properties that are better than petroleum-based plastics. Therefore, based on its versatility, the product can be used in various applications under constructions, textiles, automotive and other industry verticals. 

Increasing consumer awareness with respect to growing need for recyclability, sustainability and green packaging is the key factor for the consumption of PLA over the coming years, thereby boosting the growth of global polylactic acid market. Owing to the need to reduce the greenhouse gas emissions, the regulatory bodies are constantly supporting bioplastic packaging such as rigid packaging and loose fill packaging, which is further expected to drive the growth of global polylactic acid market during forecast period. Moreover, growing use of polylactic acid in numerous body care products including creams, shampoos, among others owing to its ability to induce skin lightening effects coupled with accelerating exfoliation as well as cell renewal, which is anticipated to spur polylactic industry expansion through 2024.

The global polylactic acid market is segmented based on raw material, form, application, region and company. Based on raw material, the market can be segmented into corn, cassava, sugarcane & sugar beet, others. Among them, the sugarcane segment accumulated the largest market share until 2018 and is projected to maintain its lead over the forecast period as well. Sugarcane-based lactic acid is likely to gain popularity and witness high demand through 2024 which can be attributed to various research & development activities towards new manufacturing processes for producing biochemical & bioplastics from sustainable feedstock. Also, corn based lactic acid is anticipated to register high growth over the coming years on account of its growing application in the food industry for improving microbial quality, pH regulator and mineral fortification.

Major players operating in the polylactic acid market include Corbion N.V., Galactic S.A., Henan Jindan Lactic Acid Co., Ltd., Jungbunzlauer AG, Musashino Chemical Laboratory, Ltd., BASF SE, NatureWorks, Henan Jindan Lactic Acid Technology, Mitsubishi Chemical Holdings Corporation, Synbra Technology BV and others. The companies are launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions to expand their geographic reach.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyse and forecast the market size of global polylactic acid market.
  • To classify and forecast global polylactic acid market based on raw material, form, application, company and regional distribution.
  • To identify drivers and challenges for global polylactic acid market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global polylactic acid market.
  • To conduct pricing analysis for global polylactic acid market.
  • To identify and analyse the profile of leading players operating in global polylactic acid market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the new products, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global polylactic acid market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Polylactic acid manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to polylactic acid  
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global polylactic acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Raw Material:
    • Corn
    • Cassava
    • Sugarcane & Sugar Beet
    • Others
  • Market, By Form:
    • Fiber
    • Films & Sheets
    • Coatings
    • Others
  • Market, By Application:
    • Packaging
    • Agriculture
    • Electronics
    • Textiles
    • Bio-Medical
  • Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • UAE
      • Saudi Arabia
    • South America
      • Brazil
      • Argentina
      • Colombia

 

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global polylactic acid market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global Polylactic Acid Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.    By Raw Material (Corn, Cassava, Sugarcane & Sugar Beet, Others)

5.2.2.    By Form (Fiber, Films & Sheets, Coatings, Others)

5.2.3.     By Application (Packaging, Agriculture, Electronics, Textiles, Bio-Medical)

5.2.4.     By Region

5.2.5.     By Company (2018)

6.    North America Polylactic Acid Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Raw Material

6.2.2.     By Form

6.2.3.     By Application

6.2.4.     By Country (United States; Canada; Mexico and Rest of North America)

6.3.  North America: Country Analysis

6.3.1.     United States Polylactic Acid Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Raw Material

6.3.1.2.2.             By Application

6.3.2.     Canada Polylactic Acid Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Raw Material

6.3.2.2.2.             By Application

6.3.3.     Mexico Polylactic Acid Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Raw Material

6.3.3.2.2.             By Application

7.    Europe Polylactic Acid Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Raw Material

7.2.2.     By Form

7.2.3.     By Application 

7.2.4.     By Country (France; Germany; UK; Italy; Spain and Rest of Europe)

7.3.  Europe: Country Analysis

7.3.1.     France Polylactic Acid Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Raw Material

7.3.1.2.2.             By Application

7.3.2.     Germany Polylactic Acid Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Raw Material

7.3.2.2.2.             By Application

7.3.3.     United Kingdom Polylactic Acid Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Raw Material

7.3.3.2.2.             By Application

7.3.4.     Italy Polylactic Acid Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Raw Material

7.3.4.2.2.             By Application

7.3.5.     Spain Polylactic Acid Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Raw Material

7.3.5.2.2.             By Application

8.    Asia-Pacific Polylactic Acid Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Raw Material

8.2.2.     By Form

8.2.3.     By Application

8.2.4.     By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Polylactic Acid Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Raw Material

8.3.1.2.2.             By Application

8.3.2.     India Polylactic Acid Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Raw Material

8.3.2.2.2.             By Application

8.3.3.     Japan Polylactic Acid Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Raw Material

8.3.3.2.2.             By Application

8.3.4.     South Korea Polylactic Acid Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Raw Material

8.3.4.2.2.             By Application

8.3.5.     Australia Polylactic Acid Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Raw Material

8.3.5.2.2.             By Application

9.    Middle East and Africa Polylactic Acid Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Raw Material

9.2.2.     By Form

9.2.3.     By Application

9.2.4.     By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)

9.3.  MEA: Country Analysis

9.3.1.     South Africa Polylactic Acid Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Raw Material

9.3.1.2.2.             By Application

9.3.2.     Saudi Arabia Polylactic Acid Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Raw Material

9.3.2.2.2.             By Application

9.3.3.     UAE Polylactic Acid Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Raw Material

9.3.3.2.2.             By Application

10.  South America Polylactic Acid Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Raw Material

10.2.2.  By Form

10.2.3.  By Application

10.2.4.  By Country (Brazil; Argentina; Colombia; and Rest of South America)

10.3.              South America: Country Analysis

10.3.1.  Brazil Polylactic Acid Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Raw Material

10.3.1.2.2.           By Application

10.3.2.  Argentina Polylactic Acid Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Raw Material

10.3.2.2.2.           By Application

10.3.3.  Colombia Polylactic Acid Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Raw Material

10.3.3.2.2.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.  Corbion N.V.

13.2.2.  Galactic S.A.

13.2.3.  Henan Jindan Lactic Acid Co., Ltd.

13.2.4.  Jungbunzlauer AG

13.2.5.  Musashino Chemical Laboratory, Ltd.

13.2.6.  BASF SE

13.2.7.  NatureWorks

13.2.8.  Henan Jindan Lactic Acid Technology

13.2.9.  Mitsubishi Chemical Holdings Corporation

13.2.10.   Synbra Technology BV

14.  Strategic Recommendations

15.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com