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Market Research Report
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996522

Polylactic Acid Market Size, Share & Trends Analysis Report By End-use (Packaging, Textile, Agriculture, Automotive & Transport, Electronics), By Region (North America, APAC, Europe), And Segment Forecasts, 2021 - 2028

Published: | Grand View Research, Inc. | 130 Pages | Delivery time: 2-10 business days

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Polylactic Acid Market Size, Share & Trends Analysis Report By End-use (Packaging, Textile, Agriculture, Automotive & Transport, Electronics), By Region (North America, APAC, Europe), And Segment Forecasts, 2021 - 2028
Published: March 10, 2021
Grand View Research, Inc.
Content info: 130 Pages
Delivery time: 2-10 business days
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  • Table of Contents
Description

Polylactic Acid Market Growth & Trends

The global polylactic acid market size is expected to reach USD 1.82 billion by 2028 registering a CAGR of 18.1% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is mainly driven by the high demand for flexible packaging due to the increasing popularity of Quick-Service Restaurants (QSRs) and changing consumer preferences. Moreover, the rapid expansion of the end-use industries, such as agriculture, transport, and textile, will support the market growth. The growing packaging sector is anticipated to create high opportunities for polylactic acid (PLA) during the forecast period.

Packaging was the dominant end-use segment in 2020 and is estimated to continue its dominance over the forecast period. The product is extensively used in this segment for the packaging of foods & beverages, household care, and personal care products. Growing consumer awareness regarding the need for sustainability, recyclability, and green packaging is expected to boost the demand for PLA on a global level over the forecast period. In the automotive & transportation sector, several reforms, in terms of component manufacturing, are observed globally.

For instance, vehicle interior components, such as engine components, interior trim, and under-the-hood components, are manufactured using lightweight substances to enhance performance and to reduce overall vehicular weight. This has led to the rising need for sustainable bioplastic component manufacturing for enhanced toughness and fuel economy, which, in turn, has resulted in the growing demand for PLA. Rising demand for protective apparel and equipment due to the COVID-19 outbreak is anticipated to drive the inclusion of PLA in the medical and textile end-use segments.

The market in Europe is anticipated to witness substantial growth in the coming years owing to various factors, such as the presence of stringent eco-friendly laws and increasing environmental concerns among consumers. In addition, the government initiatives, such as the decision of the EU to minimize the overall consumption of single-use plastic products, are anticipated to propel the demand for PLA over the forecast period.

Polylactic Acid Market Report Highlights

In 2020, the packaging segment led the market accounting for the largest revenue share of over 36%, and is projected to maintain its lead over the forecast years

The growth of the segment is attributed to the wide usage of PLA in fresh food packaging solutions as well as in the manufacturing of containers, jars, and bottles

In 2020, North America accounted for the highest revenue share of more than 42% owing to high demand for 3D printing filaments and easy accessibility of raw materials in the region

The packaging end-use segment of the U.S. dominated the overall regional market of North America and is anticipated to maintain its dominance over the forecast period

In 2020, China led the Asia Pacific market, accounting for nearly 53% of the overall revenue share, owing to high demand for the product in end-use sectors including automotive & transport, agriculture, appliances, electronics, and textile

Table of Contents
Product Code: GVR-2-68038-669-1

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market segmentation & scope
  • 1.2. Information procurement
    • 1.2.1. Purchased database
    • 1.2.2. GVR's internal database
    • 1.2.3. Secondary sources
    • 1.2.4. Third-party perspectives
    • 1.2.5. Primary research
    • 1.2.6. Primary Sources
  • 1.3. Information analysis
    • 1.3.1. Data analysis models
  • 1.4. Research scope and assumptions
  • 1.5. List of abbreviations

Chapter 2. Executive Summary

  • 2.1. Market summary
  • 2.2. Market segmentation

Chapter 3. Polylactic Acid Market Variables, Trends & Scope

  • 3.1. Penetration & Growth Prospect Mapping
  • 3.2. Industry Value Chain Analysis
  • 3.3. Raw material trend
    • 3.3.1 Comparative Analysis of Key Raw Materials
    • 3.3.2 South-East Asia Analysis on Key Raw Materials
    • 3.3.3 Philippines Analysis on Key Raw Materials
  • 3.4 Price Trend Analysis, 2017-2028
    • 3.4.1 Major Factors Influencing Prices
    • 3.4.2 Price Trend PLA Vs Lactic Acid
    • 3.4.3 Regulatory Framework
      • 3.4.3.1 U.S. FDA
    • 3.4.4 EU Commission
    • 3.4.5 Regulations For Bioplastics In The Flexible Packaging Market
    • 3.4.6 Asia Pacific Regulatory Framework
      • 3.4.6.1 China
      • 3.4.6.2 India
      • 3.4.6.3 Japan
      • 3.4.6.4 Philippines
      • 3.4.6.5 Australia & New Zealand
    • 3.4.7 Patent Analysis
  • 3.5 Market Dynamics
    • 3.5.1 Market Driver Analysis
      • 3.5.1.1 Growing Demand for bioplastics
      • 3.5.1.2 Growing Demand from flexible packaging industry
    • 3.5.2 Market Restraint/ Challenges Analysis
      • 3.5.2.1 Price Competitiveness
  • 3.6 Market Opportunity Analysis
  • 3.7 Business Environment Analysis: Polylactic Acid Market
    • 3.7.1 Porter's Five Forces Analysis
    • 3.7.2 Pestel Analysis

Chapter 4 Polylactic Acid Market: End-use Estimates & Trend Analysis

  • 4.1 Polylactic Acid Market: End-use Movement Analysis, 2019 & 2027
  • 4.2 Packaging
    • 4.2.1 Polylactic Acid Market Estimates And Forecasts, in Packaging, 2017 - 2028 (Tons) (USD Thousand)
  • 4.3 Agriculture
    • 4.3.1 Polylactic Acid Market Estimates And Forecasts, in Agriculture, 2017 - 2028 (Tons) (USD Thousand)
  • 4.4 Automotive & Transport
    • 4.4.1 Polylactic Acid Market Estimates And Forecasts, in Automotive & Transport, 2017 - 2028 (Tons) (USD Thousand)
  • 4.5 Electronics
    • 4.5.1 Polylactic Acid Market Estimates And Forecasts, in Electronics, 2017 - 2028 (Tons) (USD Thousand)
  • 4.6 Textile
    • 4.6.1 Polylactic Acid Market Estimates And Forecasts, in Textile, 2017 - 2028 (Tons) (USD Thousand)
  • 4.7 Others
    • 4.7.1 Polylactic Acid Market Estimates And Forecasts, in Others, 2017 - 2028 (Tons) (USD Thousand)

Chapter 5 Polylactic Acid Market: Regional Estimates & Trend Analysis

  • 5.1 Polylactic Acid Market: Regional Movement Analysis, 2019 & 2027
  • 5.2 North America
    • 5.2.1 North America Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
    • 5.2.2 North America Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.2.3 The U.S.
      • 5.2.3.1 The U.S. Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.2.3.2 The U.S. Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.2.4 Canada
      • 5.2.4.1 Canada Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.2.4.2 Canada Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.2.5 Mexico
      • 5.2.5.1 Mexico Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.2.5.2 Mexico Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
  • 5.3 Europe
    • 5.3.1 Europe Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
    • 5.3.2 Europe Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.3.3 Germany
      • 5.3.3.1 Germany Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.3.3.2 Germany Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.3.4 The U.K.
      • 5.3.4.1 The U.K. Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.3.4.2 The U.K. Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.3.5 France
      • 5.3.5.1 France Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.3.5.2 France Polylactic Acid Market Estimates And Forecasts, By End-use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.3.6 Italy
      • 5.3.6.1 Italy Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.3.6.2 Italy Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.3.7 The Netherlands
      • 5.3.7.1 The Netherlands Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.3.7.2 The Netherlands Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
  • 5.4 Asia Pacific
    • 5.4.1 Asia Pacific Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
    • 5.4.2 Asia Pacific Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.4.3 China
      • 5.4.3.1 China Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.4.3.2 China Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.4.4 India
      • 5.4.4.1 India Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.4.4.2 India Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.4.5 Japan
      • 5.4.5.1 Japan Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.4.5.2 Japan Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.4.6 Indonesia
      • 5.4.6.1 Indonesia Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.4.6.2 Indonesia Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.4.7 Malaysia
      • 5.4.7.1 Malaysia Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.4.7.2 Malaysia Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.4.8 Philippines
      • 5.4.8.1 Philippines Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.4.8.2 Philippines Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
  • 5.5 Central & South America
    • 5.5.1 Central & South America Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
    • 5.5.2 Central & South America Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
    • 5.5.3 Brazil
      • 5.5.3.1 Brazil Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
      • 5.5.3.2 Brazil Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)
  • 5.6 The Middle East & Africa
    • 5.6.1 The Middle East & Africa Polylactic Acid Market Estimates And Forecasts, 2017 - 2028 (Tons) (USD Thousand)
    • 5.6.2 The Middle East & Africa Polylactic Acid Market Estimates And Forecasts, By End Use, 2017 - 2028 (Tons) (USD Thousand)

Chapter 6 Competitive Landscape

  • 6.1 Key Global Players & Recent Developments & Their Impact On The Industry
  • 6.2 Key Company/Competition Categorization
  • 6.3 Vendor Landscape
    • 6.3.1 List Of Key Distributors & Channel Partners
    • 6.3.2 List Of Potential End Users
  • 6.4 Prominent Companies Competition Dashboard Analysis
  • 6.5 Production Capacity Analysis By Manufacturer, 2019
  • 6.6 Availability Of Alternatives Feedstocks (Cellulosic Raw Materials)

Chapter 7 Company Profiles

  • 7.1 Total Corbion PLA
    • 7.1.1 Company Overview
    • 7.1.2 Product Benchmarking
    • 7.1.3 Strategic Initiatives
  • 7.2 Natureworks Llc
    • 7.2.1 Company Overview
    • 7.2.2 Product Benchmarking
    • 7.2.3 Strategic Initiatives
  • 7.3 Supla(Jiangsu Supla Bioplastics Co., Ltd.)
    • 7.3.1 Company Overview
    • 7.3.2 Product Benchmarking
  • 7.4 Futerro
    • 7.4.1 Company Overview
    • 7.4.2 Product Benchmarking
  • 7.5 COFCO
    • 7.5.1 Company Overview
    • 7.5.2 Product Benchmarking
  • 7.6 Jiangxi Keyuan Bio-Material Co., Ltd.
    • 7.6.1 Company Overview
    • 7.6.2 Product Benchmarking
    • 7.6.3 Strategic Initiatives
  • 7.7 Shanghai Tong-Jie-Liang Biomaterials Co., Ltd.
    • 7.7.1 Company Overview
    • 7.7.2 Product Benchmarking
  • 7.8 Zhejiang Hisun Biomaterials Co., Ltd.
    • 7.8.1 Company Overview
    • 7.8.2 Product Benchmarking

List of Tables

  • Table 1 List of Abbreviation
  • Table 2 Bioplastics classification
  • Table 3 Polylactic acid market estimates and forecasts, in packaging, 2017 - 2028 (Tons) (USD Thousand)
  • Table 4 Polylactic acid market estimates and forecasts, in agriculture, 2017 - 2028 (Tons) (USD Thousand)
  • Table 5 Polylactic acid market estimates and forecasts, in automotive & transport, 2017 - 2028 (Tons) (USD Thousand)
  • Table 6 Polylactic acid market estimates and forecasts, in electronics, 2017 - 2028 (Tons) (USD Thousand)
  • Table 7 Polylactic acid market estimates and forecasts, in textile, 2017 - 2028 (Tons) (USD Thousand)
  • Table 8 Polylactic acid market estimates and forecasts, in others, 2017 - 2028 (Tons) (USD Thousand)
  • Table 9 North America polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 10 North America polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 11 The U.S. polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 12 The U.S. polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 13 The U.S. polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 14 Canada polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 15 Canada polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 16 Mexico polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 17 Mexico polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 18 Mexico polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 19 Europe polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 20 Europe polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 21 Europe polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 22 Germany polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 23 Germany polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 24 Germany polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 25 The U.K. polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 26 The U.K. polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 27 The U.K. polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 28 France polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 29 France polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 30 France polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 31 Italy polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 32 Italy polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 33 Italy polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 34 The Netherlands polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 35 The Netherlands polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 36 The Netherlands polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 37 Asia Pacific polylactic acid market estimates and forecasts, 2017 - 2028 (Tons ) (USD Thousand)
  • Table 38 Asia Pacific polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons )
  • Table 39 Asia Pacific polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 40 China polylactic acid market estimates and forecasts, 2017 - 2028 (Tons ) (USD Thousand)
  • Table 41 China polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons )
  • Table 42 China polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 43 India polylactic acid market estimates and forecasts, 2017 - 2028 (Tons ) (USD Thousand)
  • Table 44 India polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons )
  • Table 45 India polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 46 Japan polylactic acid market estimates and forecasts, 2017 - 2028 (Tons ) (USD Thousand)
  • Table 47 Japan polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons )
  • Table 48 Japan polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 49 Indonesia polylactic acid market estimates and forecasts, 2017 - 2028 (Tons ) (USD Thousand)
  • Table 50 Indonesia polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons )
  • Table 51 Indonesia polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 52 Malaysia polylactic acid market estimates and forecasts, 2017 - 2028 (Tons ) (USD Thousand)
  • Table 53 Malaysia polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons )
  • Table 54 Malaysia polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 55 Philippines polylactic acid market estimates and forecasts, 2017 - 2028 (Tons ) (USD Thousand)
  • Table 56 Philippines polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons )
  • Table 57 Philippines polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 58 Central & South America polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 59 Central & South America polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 60 Central & South America polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 61 Brazil polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 62 Brazil polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 63 Brazil polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)
  • Table 64 The Middle East & Africa polylactic acid market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousand)
  • Table 65 The Middle East & Africa polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (Tons)
  • Table 66 The Middle East & Africa polylactic acid market estimates and forecasts, by end-use, 2017 - 2028 (USD Thousand)

List of Figures

  • Fig. 1 Information procurement
  • Fig. 2 Primary research pattern
  • Fig. 3 Primary Research Process
  • Fig. 4 Market research approaches - Bottom-Up Approach
  • Fig. 5 Market research approaches - Top-Down Approach
  • Fig. 6 Market research approaches - Combined Approach
  • Fig. 7 Global Polylactic Acid Market (USD Thousand), 2019
  • Fig. 8 Polylactic Acid Market Segmentation
  • Fig. 9 Polylactic acid market snapshot
  • Fig. 10 Polylactic acid market -Value chain analysis
  • Fig. 11 Thailand export of sugar, (Thousand Metric Tons), 2019
  • Fig. 12 Share of global cassava area, 2019
  • Fig. 13 Diverse cassava production system in Southeast Asia
  • Fig. 14 Price trend polylactic acid vs lactic acid (USD/Kg), 2017 - 2028
  • Fig. 15 Material carbon footprint (kg of CO2 per kg of polymer)
  • Fig. 16 Porter's Five Forces Analysis: Polylactic Acid Market
  • Fig. 17 PESTEL Analysis: Polylactic Acid Market
  • Fig. 18 Polylactic Acid Market: End-use Movement Analysis, 2019 & 2027
  • Fig. 19 Polylactic Acid Market: Regional Movement Analysis, 2019 & 2027
  • Fig. 20 Competition Dashboard analysis