Global Lactic Acid & Poly Lactic Acid (PLA) Market is expected to grow at a CAGR of 6.2% during the forecast period, to reach USD 3.5 billion by 2030 from USD 2.6 billion in 2018. The global market for lactic acid and polylactide (PLA) is driven by the increasing demand for biodegradable polymers in various applications such as food and beverages, pharmaceuticals, personal care product applications, etc, which are expected to drive the growth of this market during the forecast period.
The global lactic acid and PLA market is segmented on the basis of type into food grade, pharmaceutical grade and cosmetic grade; on the basis of application into biodegradable polymers, food and beverages, pharmaceuticals and personal care product applications; on the basis of region into North America, Latin America Europe Asia Pacific Middle East & Africa (MEA).
-Lactic acid is a natural substance that is found in the human body and in dairy products.
-PLA is a biodegradable polymer that can be made from renewable resources such as corn, sugarcane, or wheat.
-The global lactic acid market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of 6% during the forecast period 2017–2023.
-The global PLA market size was valued at USD 2 billion in 2016 and is expected to grow at a CAGR of 8% during the forecast period 2017–2023.
Industry Growth Insights published a new data on “Lactic Acid & Poly Lactic Acid (PLA) Market”. The research report is titled “Lactic Acid & Poly Lactic Acid (PLA) Market research by Types (Food Grade, Pharmaceutical Grade, Cosmetic Grade), By Applications (Biodegradable Polymers, Food And Beverages, Pharmaceuticals, Personal Care Product, Other Applications), By Players/Companies BASF SE, Danimer Scientific LLC, Henan Jindan Lactic Acid Technology Co., Ltd., Synbra Technology B.V., The Dow Chemical Company, Corbion Purac, Galactic S.A, Natureworks LLC, Teijin Ltd, Wei Mon Industry Co., Ltd”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactic Acid & Poly Lactic Acid (PLA) Market Research Report
By Type
Food Grade, Pharmaceutical Grade, Cosmetic Grade
By Application
Biodegradable Polymers, Food And Beverages, Pharmaceuticals, Personal Care Product, Other Applications
By Companies
BASF SE, Danimer Scientific LLC, Henan Jindan Lactic Acid Technology Co., Ltd., Synbra Technology B.V., The Dow Chemical Company, Corbion Purac, Galactic S.A, Natureworks LLC, Teijin Ltd, Wei Mon Industry Co., Ltd
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Lactic Acid & Poly Lactic Acid (PLA) Market Report Segments:
The global Lactic Acid & Poly Lactic Acid (PLA) market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade, Cosmetic Grade
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
Biodegradable Polymers, Food And Beverages, Pharmaceuticals, Personal Care Product, Other Applications
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:
- BASF SE
- Danimer Scientific LLC
- Henan Jindan Lactic Acid Technology Co., Ltd.
- Synbra Technology B.V.
- The Dow Chemical Company
- Corbion Purac
- Galactic S.A
- Natureworks LLC
- Teijin Ltd
- Wei Mon Industry Co., Ltd
 Market Overview.svg)
Highlights of The Lactic Acid & Poly Lactic Acid (PLA) 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:
- Food Grade
- Pharmaceutical Grade
- Cosmetic Grade
- By Application:
- Biodegradable Polymers
- Food And Beverages
- Pharmaceuticals
- Personal Care Product
- Other Applications
- 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 Lactic Acid & Poly Lactic Acid (PLA) 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
 Market Statistics.svg)
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?
Lactic acid and poly lactic acid are two types of plastic that are made from renewable resources. Lactic acid is a by-product of the fermentation process used to make yogurt, cheese, and other dairy products. Polylactic acid is created when glucose molecules are combined with carbon dioxide gas in an industrial process.
Some of the major players in the lactic acid & poly lactic acid (pla) market are BASF SE, Danimer Scientific LLC, Henan Jindan Lactic Acid Technology Co., Ltd., Synbra Technology B.V., The Dow Chemical Company, Corbion Purac, Galactic S.A, Natureworks LLC, Teijin Ltd, Wei Mon Industry Co., Ltd.
The lactic acid & poly lactic acid (pla) market is expected to grow at a compound annual growth rate of 6.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lactic Acid & Poly Lactic Acid (PLA) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lactic Acid & Poly Lactic Acid (PLA) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lactic Acid & Poly Lactic Acid (PLA) Market - Supply Chain
4.5. Global Lactic Acid & Poly Lactic Acid (PLA) Market Forecast
4.5.1. Lactic Acid & Poly Lactic Acid (PLA) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lactic Acid & Poly Lactic Acid (PLA) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lactic Acid & Poly Lactic Acid (PLA) Market Absolute $ Opportunity
5. Global Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Type
5.3.1. Food Grade
5.3.2. Pharmaceutical Grade
5.3.3. Cosmetic Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Application
6.3.1. Biodegradable Polymers
6.3.2. Food And Beverages
6.3.3. Pharmaceuticals
6.3.4. Personal Care Product
6.3.5. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lactic Acid & Poly Lactic Acid (PLA) Demand Share Forecast, 2019-2029
9. North America Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Application
9.4.1. Biodegradable Polymers
9.4.2. Food And Beverages
9.4.3. Pharmaceuticals
9.4.4. Personal Care Product
9.4.5. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Type
9.7.1. Food Grade
9.7.2. Pharmaceutical Grade
9.7.3. Cosmetic Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lactic Acid & Poly Lactic Acid (PLA) Demand Share Forecast, 2019-2029
10. Latin America Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Application
10.4.1. Biodegradable Polymers
10.4.2. Food And Beverages
10.4.3. Pharmaceuticals
10.4.4. Personal Care Product
10.4.5. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Type
10.7.1. Food Grade
10.7.2. Pharmaceutical Grade
10.7.3. Cosmetic Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lactic Acid & Poly Lactic Acid (PLA) Demand Share Forecast, 2019-2029
11. Europe Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Application
11.4.1. Biodegradable Polymers
11.4.2. Food And Beverages
11.4.3. Pharmaceuticals
11.4.4. Personal Care Product
11.4.5. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Frecast by Type
11.7.1. Food Grade
11.7.2. Pharmaceutical Grade
11.7.3. Cosmetic Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lactic Acid & Poly Lactic Acid (PLA) Demand Share, 2019-2029
12. Asia Pacific Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Application
12.4.1. Biodegradable Polymers
12.4.2. Food And Beverages
12.4.3. Pharmaceuticals
12.4.4. Personal Care Product
12.4.5. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Type
12.7.1. Food Grade
12.7.2. Pharmaceutical Grade
12.7.3. Cosmetic Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lactic Acid & Poly Lactic Acid (PLA) Demand Share, 2019-2029
13. Middle East & Africa Lactic Acid & Poly Lactic Acid (PLA) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Application
13.4.1. Biodegradable Polymers
13.4.2. Food And Beverages
13.4.3. Pharmaceuticals
13.4.4. Personal Care Product
13.4.5. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lactic Acid & Poly Lactic Acid (PLA) Market Size and Volume Forecast by Type
13.7.1. Food Grade
13.7.2. Pharmaceutical Grade
13.7.3. Cosmetic Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lactic Acid & Poly Lactic Acid (PLA) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Lactic Acid & Poly Lactic Acid (PLA) Market: Market Share Analysis
14.2. Lactic Acid & Poly Lactic Acid (PLA) Distributors and Customers
14.3. Lactic Acid & Poly Lactic Acid (PLA) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Danimer Scientific LLC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Henan Jindan Lactic Acid Technology Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Synbra Technology B.V.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. The Dow Chemical Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Corbion Purac
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Galactic S.A
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Natureworks LLC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Teijin Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wei Mon Industry Co., Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
