Asia-pacific Polylactic Acid (Pla) Market Forecast 2024-2032

The Asia-Pacific polylactic acid (PLA) market is expected to develop with a CAGR of 20.45% during the forecasted period of 2024-2032. The Asia-Pacific PLA market offers various opportunities for players, such as blending PLA with lightweight materials for automotive use. Furthermore, PLA is utilized in biomedical packaging, electronics, automotive manufacturing, textiles, and various packaging solutions in the region.

MARKET INSIGHTS

The Asia-Pacific polylactic acid (PLA) market growth assessment comprises the study of South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, China, Japan, India, and Rest of Asia-Pacific. Packaging plays a vital role in modern Australian lifestyles, being integral to commercial organization. Significant transformations in packaging have occurred in the past five decades, serving to prolong the shelf life of products in supermarkets and ensuring accurate medicine dosages at the right time.

The advent of 'smart packaging' involves incorporating microchips to offer information about the product and aid in food supply chain management. Additionally, the use of 'intelligent packaging' includes time/temperature indicators for effective monitoring of product quality throughout the producer-to-consumer journey. As the packaging industry grows and environmental concerns rise, the demand for polylactic acid (PLA) is expected to increase in the region. Subsequently, these factors are set to contribute to the notable growth of the Asia-Pacific polylactic acid (PLA) market during the estimated period.

COMPETITIVE INSIGHTS

Some of the core players operating in the market include: Mitsubishi Chemical Holding Corporation, Zhejiang Hisun Biomaterials Co Ltd, 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 caters 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.
The 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

Product Code: 78653

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON POLYLACTIC ACID (PLA) MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. INCREASING UTILIZATION OF PLA IN BIOMEDICAL APPLICATIONS
- 2.5.2. KEY MARKET PLAYERS ACTIVELY ENGAGING IN SUSTAINABILITY INITIATIVES
- 2.5.3. INCREASING POPULARITY IN 3D PRINTING DUE TO ITS VERSATILITY
- 2.5.4. PLA: POSITIVE ENVIRONMENTAL IMPACT

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. INCREASING DEMAND FOR SUSTAINABLE PACKAGING
- 3.1.2. SUPPORTIVE GOVERNMENT POLICIES AND REGULATIONS
- 3.1.3. CONSUMER SHIFT TOWARDS GREEN PRODUCTS
3.2. KEY RESTRAINTS
- 3.2.1. RELATIVELY HIGHER PRODUCTION COSTS OF PLA
- 3.2.2. PLA'S LIMITED HEAT RESISTANCE COMPARED TO CONVENTIONAL PLASTICS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
- 4.1.1. FOCUS ON HEAT-RESISTANT PLA VARIANTS
- 4.1.2. DEVELOPMENT OF PLA BLENDS
- 4.1.3. INTRODUCTION OF HIGH-PERFORMANCE PLA GRADES
- 4.1.4. RAPID EXPANSION OF END USE INDUSTRIES INCORPORATING PLA
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
- 4.6.1. RAW MATERIAL SOURCING
- 4.6.2. LACTIC ACID PRODUCTION
- 4.6.3. MANUFACTURING OF PLA PRODUCTS
- 4.6.4. DISTRIBUTION AND LOGISTICS
- 4.6.5. CONSUMER USAGE
4.7. KEY BUYING CRITERIA
- 4.7.1. BIODEGRADABILITY AND COMPOSTABILITY
- 4.7.2. CERTIFICATIONS AND STANDARDS
- 4.7.3. QUALITY AND PERFORMANCE
- 4.7.4. COST COMPETITIVENESS
4.8. REGULATORY FRAMEWORK

5. MARKET BY PRODUCT FORM

5.1. FILMS AND SHEETS
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. COATINGS
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. FIBERS
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENT ANALYSIS
5.4. OTHER PRODUCT FORMS
- 5.4.1. MARKET FORECAST FIGURE
- 5.4.2. SEGMENT ANALYSIS

6. MARKET BY APPLICATION (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOMETRIC TONS)

6.1. PACKAGING
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. AGRICULTURE
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. ELECTRONICS
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. TEXTILES
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS
6.5. MEDICAL
- 6.5.1. MARKET FORECAST FIGURE
- 6.5.2. SEGMENT ANALYSIS
6.6. AUTOMOTIVE
- 6.6.1. MARKET FORECAST FIGURE
- 6.6.2. SEGMENT ANALYSIS
6.7. OTHER APPLICATIONS
- 6.7.1. MARKET FORECAST FIGURE
- 6.7.2. SEGMENT ANALYSIS

7. MARKET BY RAW MATERIAL

7.1. CORN
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. SUGARCANE & SUGAR BEET
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. CASSAVA
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENT ANALYSIS
7.4. OTHER RAW MATERIALS
- 7.4.1. MARKET FORECAST FIGURE
- 7.4.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOMETRIC TONS)

8.1. ASIA-PACIFIC
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET DRIVERS
- 8.1.3. ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET CHALLENGES
- 8.1.4. KEY PLAYERS IN ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. CHINA
  - 8.1.5.1.1. CHINA POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.2. JAPAN
  - 8.1.5.2.1. JAPAN POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.3. INDIA
  - 8.1.5.3.1. INDIA POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.4. SOUTH KOREA
  - 8.1.5.4.1. SOUTH KOREA POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.5. INDONESIA
  - 8.1.5.5.1. INDONESIA POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.6. THAILAND
  - 8.1.5.6.1. THAILAND POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.7. VIETNAM
  - 8.1.5.7.1. VIETNAM POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.8. AUSTRALIA & NEW ZEALAND
  - 8.1.5.8.1. AUSTRALIA & NEW ZEALAND POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  - 8.1.5.9. REST OF ASIA-PACIFIC
  - 8.1.5.9.1. REST OF ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
9.2. COMPANY PROFILES
- 9.2.1. BASF
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCT LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. DANIMER SCIENTIFIC
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCT LIST
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. DOW CHEMICALS
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCT LIST
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. FUTERRO SA
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCT LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. GOOD NATURED PRODUCTS INC
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCT LIST
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. GREEN BIOPLASTICS
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCT LIST
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. INNOVIA FILMS
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCT LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. MITSUBISHI CHEMICAL HOLDING CORPORATION
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCT LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. NATUREWORKS LLC
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCT LIST
  - 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. SYNBRA HOLDING BV
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCT LIST
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. TEIJIN LTD
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCT LIST
  - 9.2.11.3. STRENGTHS & CHALLENGES
- 9.2.12. THYSSENKRUPP AG
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCT LIST
  - 9.2.12.3. STRENGTHS & CHALLENGES
- 9.2.13. TOTAL-CORBION PLA
  - 9.2.13.1. COMPANY OVERVIEW
  - 9.2.13.2. PRODUCT LIST
  - 9.2.13.3. STRENGTHS & CHALLENGES
- 9.2.14. ZHEJIANG HISUN BIOMATERIALS CO LTD
  - 9.2.14.1. COMPANY OVERVIEW
  - 9.2.14.2. PRODUCT LIST
  - 9.2.14.3. STRENGTHS & CHALLENGES

Product Code: 78653

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - POLYLACTIC ACID
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILO METRIC TON)
TABLE 8: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILO METRIC TON)
TABLE 9: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILO METRIC TON)
TABLE 14: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILO METRIC TON)
TABLE 15: KEY PLAYERS OPERATING IN ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES

FIGURE 1: MAJOR MARKET FINDINGS
FIGURE 2: MARKET DYNAMICS
FIGURE 3: KEY MARKET TRENDS
FIGURE 4: PORTER'S FIVE FORCES ANALYSIS
FIGURE 5: GROWTH PROSPECT MAPPING
FIGURE 6: MARKET MATURITY ANALYSIS
FIGURE 7: MARKET CONCENTRATION ANALYSIS
FIGURE 8: VALUE CHAIN ANALYSIS
FIGURE 9: KEY BUYING CRITERIA
FIGURE 10: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY PRODUCT FORM, IN 2023
FIGURE 11: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY FILMS AND SHEETS, 2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY COATINGS, 2024-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY FIBERS, 2024-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY OTHER PRODUCT FORMS, 2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 16: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY PACKAGING, 2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY AGRICULTURE, 2024-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY ELECTRONICS, 2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY TEXTILES, 2024-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY MEDICAL, 2024-2032 (IN $ MILLION)
FIGURE 21 ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2023
FIGURE 24: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY CORN, 2024-2032 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY SUGARCANE & SUGAR BEET, 2024-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY CASSAVA, 2024-2032 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 29: CHINA POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 30: JAPAN POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 31: INDIA POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 32: SOUTH KOREA POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 33: INDONESIA POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 34: THAILAND POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 35: VIETNAM POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 36: AUSTRALIA & NEW ZEALAND POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 37: REST OF ASIA-PACIFIC POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)