The global Polylactic Acid (PLA) Bioplastic market was valued at approximately US$ 2.48 billion in 2022 and is projected to reach approximately US$ 5.46 billion by 2029, at a compound annual growth rate (CAGR) of approximately 15.25% during the forecast period of 2022-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Polylactic Acid (PLA) Bioplastic market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Polylactic Acid (PLA) Bioplastic market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Polylactic Acid (PLA) Bioplastic market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Polylactic Acid (PLA) is a bioplastic generally derived from animal-feed corn that can be used for a myriad of different purposes including?cold drink cups,?deli and takeout containers, and?fresh produce packaging.
Polylactic Acid Bioplastic Market aims to provide a comprehensive presentation of the global market for Polylactic Acid (PLA) Bioplastic, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Polylactic Acid (PLA) Bioplastic. Polylactic Acid Bioplastic Market contains market size and forecasts of Polylactic Acid (PLA) Bioplastic in global, including the following market information:
- Global Polylactic Acid (PLA) Bioplastic Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global Polylactic Acid (PLA) Bioplastic Market Sales, 2018-2023, 2024-2030, (K MT)
- Global top five Polylactic Acid (PLA) Bioplastic companies in 2022 (%)
Polylactic Acid (PLA) industry is a sunrise industry, breakpoint for blooming is coming. However, due to technical barrier and the risk of uncertain breakpoint of downstream demand, the manufacture end has very high concentration with NatureWorks? accounting for largest share of 76.81% in 2017.
The leading companies, such as NatureWorks, have gained good reputation from customers, Although Chinese manufacturers are enlarging the market share through releasing more capacity, the country is still puzzled by the low-end Polylactic Acid (PLA). It is necessary for Chinese manufacturers to improve their technology to provide high performance products to customers.
As for regions, USA is the largest production base of PLA definitely, followed by China, with 12.05% production market share in 2017. When considering the consumption level, USA is also the largest consumer. In 2017, about 74319 MT PLA was consumed in the region.
The global Polylactic Acid (PLA) market was 560 million US$ in 2018 and is expected to 860 million US$ by the end of 2025, growing at a CAGR of 5.5% between 2019 and 2025.
We surveyed the Polylactic Acid (PLA) Bioplastic manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Polylactic Acid (PLA) Bioplastic Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Polylactic Acid (PLA) Bioplastic Market Segment Percentages, by Type, 2022 (%)
- Poly(L-lactic)acid
- Poly(D-lactic)acid
- Poly(DL-lactic)acid
Global Polylactic Acid (PLA) Bioplastic Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Polylactic Acid (PLA) Bioplastic Market Segment Percentages, by Application, 2022 (%)
- Food & Beverage Packaging
- Serviceware
- Electronics & Appliances
- Medical & Hygiene
- Other
Global Polylactic Acid (PLA) Bioplastic Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Polylactic Acid (PLA) Bioplastic Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Polylactic Acid (PLA) Bioplastic revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Polylactic Acid (PLA) Bioplastic revenues share in global market, 2022 (%)
- Key companies Polylactic Acid (PLA) Bioplastic sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Polylactic Acid (PLA) Bioplastic sales share in global market, 2022 (%)
key players include:
- Braskem
- NatureWorks
- Novamont
- BASF
- Corbion
- PSM
- DuPont
- Arkema
- Kingfa
- FKuR
- Biomer
- Zhejiang Hisun Biomaterials
- PolyOne
- Grabio
- Danimer Scientific
- Myriant
- Mitsubishi
- Biome Bioplastics
Outline of Major Chapters:
Chapter 1: Introduces the definition of Polylactic Acid (PLA) Bioplastic, market overview.
Chapter 2: Global Polylactic Acid (PLA) Bioplastic market size in revenue and volume.
Chapter 3: Detailed analysis of Polylactic Acid (PLA) Bioplastic manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Polylactic Acid (PLA) Bioplastic in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Polylactic Acid (PLA) Bioplastic capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
Industry Market Size
