KEY FINDINGS
The global polylactic acid market is projected to register a CAGR of 12.20% in terms of revenue, and 14.12% in terms of volume during the forecast period, 2019-2028. The factors fueling global market growth are fluctuating petroleum prices and lack of resources, favorable government support, growing environmental concerns, and rising demand from developing countries.
MARKET INSIGHTS
Polylactic acid (PLA) is a synthetic biodegradable polymer derived from natural sources such as wheat, corn, and sugar beets. Polymers have been in use since ancient times. Natural rubber came in use from 1495. PLA is utilized in the food industry for packaging sensitive food products. However, it needs to be strengthened with additives as it is too fragile. The surging petroleum prices are encouraging people to shift to affordable and environment-friendly forms of the polymer. People are switching to bioplastics made from polylactic acid, thereby driving the sustainable market growth.
PLA is expected to have lesser performance compared to conventional plastics such as hydrocarbon-based polymers, which is a restraining factor for market growth. There are a few companies actively manufacturing PLA. The majority of the players are involved in R&D activities to gain a competitive advantage in the market. Corn is the raw material used in the production of PLA with the highest growth rate.
REGIONAL INSIGHTS
The analysis of the global polylactic acid market is based on the geographical segmentation of the regions of North America, Europe, Asia Pacific, and the Rest of the World. As of 2019, North America is expected to capture the largest revenue share owing to growth in the food & beverage market, and the development of healthcare infrastructure.
COMPETITIVE INSIGHTS
The manufacturing companies operating in the market are concentrating on developing inexpensive methods of producing PLA. Some of the existing players competing to increase their market share in the global market are Mitsubishi Chemical Corporation, NatureWorks LLC, Futerro SA, BASF, Innovia Films, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Global Polylactic Acid Market Forecast 2019-2028
Table of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates `
2.2. Market Overview
3. Market Dynamics
3.1. History Of Polylactic Acid
3.2. Market Definition
3.3. Key Drivers
3.3.1. Unstable Petroleum Prices And Lack Of Enough Sources
3.3.2. Favorable Government Support
3.3.3. Rising Environmental Concerns
3.3.4. Increasing Demand From Developing Countries
3.4. Key Restraints
3.4.1. Poor Performance Compared To Conventional Plastics
3.4.2. Price Competitiveness From Conventional Polymers And Agricultural Fiber Alternatives
3.4.3. Need For Industrial Composting Units
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter's Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Value Chain Analysis
4.5.1. Raw Material
4.5.2. Production
4.5.3. Retailer/Distributor
4.5.4. End-User
4.6. Key Buying Criteria
4.6.1. Price
4.6.2. Alternatives
4.6.3. Availability
4.6.4. End Of Life Effects
4.7. Regulatory Framework
5. Market By Product Form
5.1. Films And Sheets
5.2. Coatings
5.3. Fibers
5.4. Other Product Forms
6. Market By Application
6.1. Packaging
6.2. Agriculture
6.3. Electronics
6.4. Textiles
6.5. Medical
6.6. Automotive
6.7. Other Applications
7. Market By Raw Material
7.1. Corn
7.2. Sugarcane & Sugar Beet
7.3. Cassava
7.4. Other Raw Materials
8. Geographical Analysis
8.1. North America
8.1.1. United States
8.1.2. Canada
8.2. Europe
8.2.1. United Kingdom
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Russia
8.2.6. Belgium
8.2.7. Poland
8.2.8. Rest Of Europe
8.3. Asia Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Indonesia
8.3.6. Thailand
8.3.7. Vietnam
8.3.8. Australia & New Zealand
8.3.9. Rest Of Asia Pacific
8.4. Rest Of World
8.4.1. Latin America
8.4.2. Middle East & Africa
9. Company Profiles
9.1. Natureworks Llc
9.2. Basf
9.3. Mitsubishi Chemical Holding Corporation
9.4. Zhejiang Hisun Biomaterials Co Ltd
9.5. Futerro Sa
9.6. Synbra Holding Bv
9.7. Teijin Ltd
9.8. Dow Chemicals
9.9. Thyssenkrupp Ag
9.10. Danimer Scientific
9.11. Green Bioplastics
9.12. Innovia Films
9.13. Good Natured Products Inc
9.14. Total-Corbion Pla
List of Tables
Table 1: Market Snapshot - Polylactic Acid
Table 2: Legal, Policy & Regulatory Framework
Table 3: Global Polylactic Acid Market, By Product Form, Historical Years, 2016-2019 (In $ Million)
Table 4: Global Polylactic Acid Market, By Product Form, Forecast Years, 2019-2028 (In $ Million)
Table 5: Global Films And Sheets Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 6: Global Films And Sheets Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 7: Global Coatings Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 8: Global Coatings Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 9: Global Fibers Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 10: Global Fibers Market, By Region, Forecast Years, 2019-2028 (In $ Million),
Table 11: Global Other Product Forms Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 12: Global Other Product Forms Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 13: Global Polylactic Acid Market, By Application, Historical Years, 2016-2019 (In $ Million)
Table 14: Global Polylactic Acid Market, By Application, Forecast Years, 2019-2028 (In $ Million)
Table 15: Global Polylactic Acid Market, By Application, Historical Years, 2016-2019 (In Kilo Metric Ton)
Table 16: Global Polylactic Acid Market, By Application, Forecast Years, 2019-2028 (In Kilo Metric Ton)
Table 17: Global Packaging Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 18: Global Packaging Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 19: Global Agriculture Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 20: Global Agriculture Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 21: Global Electronics Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 22: Global Electronics Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 23: Global Textiles Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 24: Global Textiles Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 25: Global Medical Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 26: Global Medical Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 27: Global Automotive Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 28: Global Automotive Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 29: Global Other Applications Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 30: Global Other Applications Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 31: Global Polylactic Acid Market, By Raw Material, Historical Years, 2016-2019 (In $ Million)
Table 32: Global Polylactic Acid Market, By Raw Material, Forecast Years, 2019-2028 (In $ Million)
Table 33: Global Corn Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 34: Global Corn Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 35: Global Sugarcane & Sugar Beet Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 36: Global Sugarcane & Sugar Beet Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 37: Global Cassava Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 38: Global Cassava Market, By Region, Forecast Years, 2019-2028 (In $ Million),
Table 39: Global Other Raw Materials Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 40: Global Other Raw Materials Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 41: Global Polylactic Acid Market, By Geography, Historical Years, 2016-2019 (In $ Million)
Table 42: Global Polylactic Acid Market, By Geography, Forecast Years, 2019-2028 (In $ Million)
Table 43: Global Polylactic Acid Market, By Geography, Historical Years, 2016-2019 (In Kilo Metric Ton)
Table 44: Global Polylactic Acid Market, By Geography, Forecast Years, 2019-2028 (In Kilo Metric Ton)
Table 45: North America Polylactic Acid Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 46: North America Polylactic Acid Market, By Country, Forecast Years, 2019-2028 (In $ Million)
Table 47: North America Polylactic Acid Market, By Country, Historical Years, 2016-2019 (In Kilo Metric Ton)
Table 48: North America Polylactic Acid Market, By Country, Forecast Years, 2019-2028 (In Kilo Metric Ton)
Table 49: Europe Polylactic Acid Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 50: Europe Polylactic Acid Market, By Country, Forecast Years, 2019-2028 (In $ Million)
Table 51: Europe Polylactic Acid Market, By Country, Historical Years, 2016-2019 (In Kilo Metric Ton)
Table 52: Europe Polylactic Acid Market, By Country, Forecast Years, 2019-2028 (In Kilo Metric Ton)
Table 53: Asia Pacific Polylactic Acid Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 54: Asia Pacific Polylactic Acid Market, By Country, Forecast Years, 2019-2028 (In $ Million)
Table 55: Asia Pacific Polylactic Acid Market, By Country, Historical Years, 2016-2019 (In Kilo Metric Ton)
Table 56: Asia Pacific Polylactic Acid Market, By Country, Forecast Years, 2019-2028 (In Kilo Metric Ton)
Table 57: Rest Of World Polylactic Acid Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 58: Rest Of World Polylactic Acid Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 59: Rest Of World Polylactic Acid Market, By Region, Historical Years, 2016-2019 (In Kilo Metric Ton)
Table 60: Rest Of World Polylactic Acid Market, By Region, Forecast Years, 2019-2028 (In Kilo Metric Ton)
List of Figures
Figure 1: Timeline Polylactic Acid
Figure 2: Key Investment Insights
Figure 3: Porter's Five Force Analysis
Figure 4: Opportunity Matrix
Figure 5: Vendor Landscape
Figure 6: Value Chain Analysis
Figure 7: Key Buying Criteria
Figure 8: Global Polylactic Acid Market, Growth Potential, By Product Form, In 2019
Figure 9: Global Polylactic Acid Market, By Films And Sheets, 2019-2028 (In $ Million)
Figure 10: Global Polylactic Acid Market, By Coatings, 2019-2028 (In $ Million)
Figure 11: Global Polylactic Acid Market, By Fibers, 2019-2028 (In $ Million)
Figure 12: Global Polylactic Acid Market, By Other Product Forms, 2019-2028 (In $ Million)
Figure 13: Global Polylactic Acid Market, Growth Potential, By Application, In 2019
Figure 14: Global Polylactic Acid Market, By Packaging, 2019-2028 (In $ Million)
Figure 15: Global Polylactic Acid Market, By Agriculture, 2019-2028 (In $ Million)
Figure 16: Global Polylactic Acid Market, By Electronics, 2019-2028 (In $ Million)
Figure 17: Global Polylactic Acid Market, By Textiles, 2019-2028 (In $ Million)
Figure 18: Global Polylactic Acid Market, By Medical, 2019-2028 (In $ Million)
Figure 19 Global Polylactic Acid Market, By Automotive, 2019-2028 (In $ Million)
Figure 20: Global Polylactic Acid Market, By Other Applications, 2019-2028 (In $ Million)
Figure 21: Global Polylactic Acid Market, Growth Potential, By Raw Material, In 2019
Figure 22: Global Polylactic Acid Market, By Corn, 2019-2028 (In $ Million)
Figure 23: Global Polylactic Acid Market, By Sugarcane & Sugar Beet, 2019-2028 (In $ Million)
Figure 24: Global Polylactic Acid Market, By Cassava, 2019-2028 (In $ Million)
Figure 25: Global Polylactic Acid Market, By Other Raw Materials, 2019-2028 (In $ Million)
Figure 26: North America Polylactic Acid Market, Regional Outlook, 2019 & 2028 (In %)
Figure 27: United States Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 28: Canada Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 29: Europe Polylactic Acid Market, Regional Outlook, 2019 & 2028 (In %)
Figure 30: United Kingdom Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 31: Germany Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 32: France Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 33: Italy Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 34: Russia Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 35: Belgium Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 36: Poland Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 37: Rest Of Europe Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 38: Asia Pacific Polylactic Acid Market, Regional Outlook, 2019 & 2028 (In %)
Figure 39: China Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 40: Japan Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 41: India Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 42: South Korea Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 43: Indonesia Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 44: Thailand Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 45: Vietnam Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 46: Australia & New Zealand Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 47: Rest Of Asia Pacific Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 48: Rest Of World Polylactic Acid Market, Regional Outlook, 2019 & 2028 (In %)
Figure 49: Latin America Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 50: Middle East & Africa Polylactic Acid Market, 2019-2028 (In $ Million)
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