Market Overview:
The global poly (DL-lactic) acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for biodegradable plastics and rising awareness about environmental concerns. Poly (DL-lactic) acid is a biodegradable plastic that can be used as an alternative to conventional plastics, which are non-biodegradable and cause environmental pollution. Some of the major applications of poly (DL-lactic) acid include packaging, fiber and textile, medical, and other applications. The North American region dominates the global poly (DL-lactic) acid market followed by Europe and Asia Pacific.
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Product Definition:
A biodegradable, synthetic polymer derived from lactic acid that is used in medical implants and as a scaffold for tissue engineering.
Low Density:
Low Density Polyethylene (LDPE) is a thermoplastic polymer, which contains high proportion of ethylene and low proportion of lactic acid. It has the ability to be converted into various shapes such as sheets, tubes, films and fibers. LDPE is used in numerous applications including packaging materials for food & beverages; consumer goods; pharmaceuticals; household products; agriculture & horticulture products such as soil stabilizers and plant growth regulators.
Medium Density:
Medium Density (MD) is a type of polylactic acid (PLA) with density ranging from 0.9 to 1.2 g/cm3, which is derived from renewable resources and has no carbon or halogen content. It offers several advantages over high-density PLA including lower cost, less stringent regulatory protocols for biodegradability and compostability as well as sustainability in comparison to other plastics currently available in the market place.
Application Insights:
Packaging emerged as the largest application segment and accounted for over 30.0% of the global market volume in 2017. The product is widely used in flexible packaging, including cellophane/plastic bags, boxes, cartons and bottles among others. It is also used in non-flexible packaging such as paper cups, paper plates and food containers among others. Growing demand for plastic-free products coupled with a growing preference for sustainable materials are expected to propel poly (DL-lactic) acid consumption over the forecast period.
Regional Analysis:
North America poly (DL-lactic) acid market accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing product demand from various application industries, such as medical, packaging and textile. Rising consumer preference for convenience foods coupled with growing awareness regarding health benefits is projected to further propel industry growth in North America.
Asia Pacific emerged as a prominent regional market and accounted for a revenue share of more than 20% in 2017 due to rapid industrialization along with supportive government initiatives aimed at promoting domestic manufacturing activities within the region.
Growth Factors:
- Increasing demand from medical and healthcare sector for Poly (DL-lactic) Acid as a biodegradable and biocompatible material for implants, prostheses, and other surgical applications.
- Rising awareness about the benefits of Poly (DL-lactic) Acid among consumers for its use in food packaging, drug delivery systems, and personal care products.
- Growing number of research studies on the potential uses of Poly (DL-lactic) Acid in various industrial applications such as automotive manufacturing, textiles processing etc.
- Technological advancements that have made production of Poly (DL-lactic acid) more efficient and economical is expected to spur the market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Poly (DL-lactic) Acid Market Research Report
By Type
Low Density, Medium Density, High Density
By Application
Packaging, Fiber and Textile, Medical, Other
By Companies
Teijin, NatureWorks, Synbra Technology, Sigma-Aldrich, Futerro, Polysciences, Inc, Uhde Inventa-Fischer AG, Hisun Biomaterials, Shenzhen Esun Industrial, Shanghai Tongjieliang, Jiuding Biological Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Poly (DL-lactic) Acid Market Report Segments:
The global Poly (DL-lactic) Acid market is segmented on the basis of:
Types
Low Density, Medium Density, High Density
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Fiber and Textile, Medical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Teijin
- NatureWorks
- Synbra Technology
- Sigma-Aldrich
- Futerro
- Polysciences, Inc
- Uhde Inventa-Fischer AG
- Hisun Biomaterials
- Shenzhen Esun Industrial
- Shanghai Tongjieliang
- Jiuding Biological Engineering
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Highlights of The Poly (DL-lactic) Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Density
- Medium Density
- High Density
- By Application:
- Packaging
- Fiber and Textile
- Medical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Poly (DL-lactic) Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Poly (DL-lactic) Acid is a molecule composed of many lactic acid molecules linked together. It is used in the production of various products, including textiles, plastics, and biodegradable materials.
Some of the key players operating in the poly (dl-lactic) acid market are Teijin, NatureWorks, Synbra Technology, Sigma-Aldrich, Futerro, Polysciences, Inc, Uhde Inventa-Fischer AG, Hisun Biomaterials, Shenzhen Esun Industrial, Shanghai Tongjieliang, Jiuding Biological Engineering.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Poly (DL-lactic) Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Poly (DL-lactic) Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Poly (DL-lactic) Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Poly (DL-lactic) Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Poly (DL-lactic) Acid Market Size & Forecast, 2018-2028
4.5.1 Poly (DL-lactic) Acid Market Size and Y-o-Y Growth
4.5.2 Poly (DL-lactic) Acid Market Absolute $ Opportunity
Chapter 5 Global Poly (DL-lactic) Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Poly (DL-lactic) Acid Market Size Forecast by Type
5.2.1 Low Density
5.2.2 Medium Density
5.2.3 High Density
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Poly (DL-lactic) Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Poly (DL-lactic) Acid Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Fiber and Textile
6.2.3 Medical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Poly (DL-lactic) Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Poly (DL-lactic) Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Poly (DL-lactic) Acid Analysis and Forecast
9.1 Introduction
9.2 North America Poly (DL-lactic) Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Poly (DL-lactic) Acid Market Size Forecast by Type
9.6.1 Low Density
9.6.2 Medium Density
9.6.3 High Density
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Poly (DL-lactic) Acid Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 Fiber and Textile
9.10.3 Medical
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Poly (DL-lactic) Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Poly (DL-lactic) Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Poly (DL-lactic) Acid Market Size Forecast by Type
10.6.1 Low Density
10.6.2 Medium Density
10.6.3 High Density
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Poly (DL-lactic) Acid Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 Fiber and Textile
10.10.3 Medical
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Poly (DL-lactic) Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Poly (DL-lactic) Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Poly (DL-lactic) Acid Market Size Forecast by Type
11.6.1 Low Density
11.6.2 Medium Density
11.6.3 High Density
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Poly (DL-lactic) Acid Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 Fiber and Textile
11.10.3 Medical
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Poly (DL-lactic) Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Poly (DL-lactic) Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Poly (DL-lactic) Acid Market Size Forecast by Type
12.6.1 Low Density
12.6.2 Medium Density
12.6.3 High Density
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Poly (DL-lactic) Acid Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 Fiber and Textile
12.10.3 Medical
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Poly (DL-lactic) Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Poly (DL-lactic) Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Poly (DL-lactic) Acid Market Size Forecast by Type
13.6.1 Low Density
13.6.2 Medium Density
13.6.3 High Density
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Poly (DL-lactic) Acid Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 Fiber and Textile
13.10.3 Medical
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Poly (DL-lactic) Acid Market: Competitive Dashboard
14.2 Global Poly (DL-lactic) Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Teijin
14.3.2 NatureWorks
14.3.3 Synbra Technology
14.3.4 Sigma-Aldrich
14.3.5 Futerro
14.3.6 Polysciences, Inc
14.3.7 Uhde Inventa-Fischer AG
14.3.8 Hisun Biomaterials
14.3.9 Shenzhen Esun Industrial
14.3.10 Shanghai Tongjieliang
14.3.11 Jiuding Biological Engineering
