Market Overview:
The global polylactic 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 from various end-use industries. Polylactic acid is a biodegradable plastic that can be decomposed by microorganisms into water and carbon dioxide. This makes it an environmentally friendly option as compared to traditional plastics, which are non-biodegradable and often lead to environmental pollution. Based on type, the polylactic acid market has been segmented into poly(L-lactic)acid, poly(D-lactic)acid, and poly(DL-lactic)acid. Of these, the segment of poly(L- lactic)acid accounted for a major share of the global market in 2017 owing to its high demand from food & beverage packaging applications. By application, food & beverage packaging held the largest share of the global market in 2017 followed by serviceware and electronics & appliances segments respectively.
Product Definition:
Polylactic is a biodegradable polymer derived from lactic acid, which can be produced from various plant sources. It has been used for medical implants, drug delivery systems, and suture materials.
Poly(L-lactic)acid:
Lactic acid is a biodegradable polymer, produced by microorganisms and animals. It is formed from lactic acid bacteria found in the gut of ruminants and humans. Lactate or lactic acid can be used as a fuel in engines as it has high energy content (around 9). The most important application of this product is its use as an additive for plastics to increase their toughness or strength.
Poly(D-lactic)acid:
Poly(D-lactic) acid is a biodegradable polymer, produced by the fermentation of sugar (d-lactose) in the presence of lactic acid bacteria. Poly(D-lactic)acid is used as a grafting agent for wood and leather. It has applications in various industries including food & beverage, pharmaceuticals, cosmetics & toiletries and automotive industry among others.
Application Insights:
Food & beverage packaging was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The product offers excellent barrier properties, which help preserve food products. It is used in a wide range of applications including dairy, frozen foods, cereals and bakery products packaging. Other key applications include personal care and pharmaceuticals.
Polylactic acid finds numerous uses in medical & hygiene as well as serviceware industry owing to its high water-binding capacity that helps create strong bonds between fabrics and surfaces on which they are applied thus making them suitable for use as cleaners or polishes for various hard surfaces such as glass, plastic etcetera.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period owing to increasing demand for biodegradable plastics from various end-use industries such as food & beverage, medical & hygiene, and others. Europe accounted for a significant share of global revenue in 2017 due to high demand from automotive industry. Increasing R&D activities on polylactic acid are expected to drive growth over the forecast period. Asia Pacific is projected to be one of the fastest growing regions with a CAGR exceeding 7% during the forecast years due rising healthcare spending along with improving economic conditions in countries like India and China.
Growth Factors:
- Increasing demand from the medical industry for biodegradable implants and prosthetics made of PLA
- Rising awareness about the benefits of using environmentally friendly materials, such as PLA, among consumers
- Growing popularity of 3D printing technology, which can be used to produce customized products from PLA filament
- Proliferation of small businesses that specialize in producing high-quality PLA filaments and other 3D printing supplies
- Development of new applications for PLA that can help it to compete with traditional plastics
Scope Of The Report
Report Attributes
Report Details
Report Title
Polylactic Market Research Report
By Type
Poly(L-lactic)acid, Poly(D-lactic)acid, Poly(DL-lactic)acid
By Application
Food & Beverage Packaging, Serviceware, Electronics & Appliances, Medical & Hygiene, Other
By Companies
NatureWorks, Synbra Technology, Teijin, Toray, Futerro, Toyobo, Sulzer, Uhde Inventa-Fischer, Hisun Biomaterials, Shanghai Tongjieliang, Jiuding Biological Engineering, Shenzhen Esun Industrial
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Polylactic Market Report Segments:
The global Polylactic market is segmented on the basis of:
Types
Poly(L-lactic)acid, Poly(D-lactic)acid, Poly(DL-lactic)acid
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
Food & Beverage Packaging, Serviceware, Electronics & Appliances, Medical & Hygiene, 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:
- NatureWorks
- Synbra Technology
- Teijin
- Toray
- Futerro
- Toyobo
- Sulzer
- Uhde Inventa-Fischer
- Hisun Biomaterials
- Shanghai Tongjieliang
- Jiuding Biological Engineering
- Shenzhen Esun Industrial
Highlights of The Polylactic 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:
- Poly(L-lactic)acid
- Poly(D-lactic)acid
- Poly(DL-lactic)acid
- By Application:
- Food & Beverage Packaging
- Serviceware
- Electronics & Appliances
- Medical & Hygiene
- 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 Polylactic 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
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?
Polylactic acid (PLA) is a biodegradable plastic made from renewable resources. It has the potential to be a more environmentally friendly alternative to traditional plastics, as it can be broken down by bacteria into smaller molecules that are less harmful.
Some of the key players operating in the polylactic market are NatureWorks, Synbra Technology, Teijin, Toray, Futerro, Toyobo, Sulzer, Uhde Inventa-Fischer, Hisun Biomaterials, Shanghai Tongjieliang, Jiuding Biological Engineering, Shenzhen Esun Industrial.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polylactic 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 Polylactic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polylactic 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 Polylactic 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 Polylactic Market Size & Forecast, 2020-2028
4.5.1 Polylactic Market Size and Y-o-Y Growth
4.5.2 Polylactic Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Poly(L-lactic)acid
5.2.2 Poly(D-lactic)acid
5.2.3 Poly(DL-lactic)acid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Food & Beverage Packaging
6.2.2 Serviceware
6.2.3 Electronics & Appliances
6.2.4 Medical & Hygiene
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polylactic 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 Polylactic 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Poly(L-lactic)acid
9.6.2 Poly(D-lactic)acid
9.6.3 Poly(DL-lactic)acid
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 Market Size Forecast by Applications
9.10.1 Food & Beverage Packaging
9.10.2 Serviceware
9.10.3 Electronics & Appliances
9.10.4 Medical & Hygiene
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Poly(L-lactic)acid
10.6.2 Poly(D-lactic)acid
10.6.3 Poly(DL-lactic)acid
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 Market Size Forecast by Applications
10.10.1 Food & Beverage Packaging
10.10.2 Serviceware
10.10.3 Electronics & Appliances
10.10.4 Medical & Hygiene
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Poly(L-lactic)acid
11.6.2 Poly(D-lactic)acid
11.6.3 Poly(DL-lactic)acid
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 Market Size Forecast by Applications
11.10.1 Food & Beverage Packaging
11.10.2 Serviceware
11.10.3 Electronics & Appliances
11.10.4 Medical & Hygiene
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Poly(L-lactic)acid
12.6.2 Poly(D-lactic)acid
12.6.3 Poly(DL-lactic)acid
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 Market Size Forecast by Applications
12.10.1 Food & Beverage Packaging
12.10.2 Serviceware
12.10.3 Electronics & Appliances
12.10.4 Medical & Hygiene
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Poly(L-lactic)acid
13.6.2 Poly(D-lactic)acid
13.6.3 Poly(DL-lactic)acid
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) Market Size Forecast by Applications
13.10.1 Food & Beverage Packaging
13.10.2 Serviceware
13.10.3 Electronics & Appliances
13.10.4 Medical & Hygiene
13.10.5 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 Polylactic Market: Competitive Dashboard
14.2 Global Polylactic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NatureWorks
14.3.2 Synbra Technology
14.3.3 Teijin
14.3.4 Toray
14.3.5 Futerro
14.3.6 Toyobo
14.3.7 Sulzer
14.3.8 Uhde Inventa-Fischer
14.3.9 Hisun Biomaterials
14.3.10 Shanghai Tongjieliang
14.3.11 Jiuding Biological Engineering
14.3.12 Shenzhen Esun Industrial
