Europe Polylactic Acid Market Size, Share & Industry Trends Analysis Report By End-use (Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others), By Country and Growth Forecast, 2023

Description

List of Tables

The Europe Polylactic Acid Market would witness market growth of 20.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 51,143.5 Tonnes, showcasing a growth of 17.4% (2019-2022).

Various countries and regions have implemented policies to reduce the consumption of single-use plastics, encouraging industries to transition to sustainable alternatives like PLA. The European Union, for instance, has set ambitious targets to reduce plastic waste, spurring the adoption of PLA for packaging, disposable tableware, and more.

Moreover, the applications of polylactic acid are incredibly diverse, spanning a wide range of industries. Its versatility and biocompatibility have driven innovation and expansion in sectors such as packaging, textiles, medical devices, and automotive components. PLA is widely used in food packaging for its excellent barrier properties against oxygen and moisture. It is commonly employed in producing cups, containers, films, and cutlery. Its transparency and printability make it an attractive choice for branding and showcasing food products. PLA is making its mark in the textile industry as well. It is used to create bio-based and biodegradable fabrics, which offer a sustainable alternative to traditional synthetic textiles. PLA fibers are used in clothing, home textiles, and industrial applications.

The European automotive industry is a substantial contributor to the region's economy. It provides millions of jobs and accounts for a significant portion of the European Union's manufacturing output. It is a major driver of both economic growth and innovation. European automakers are globally competitive, producing many vehicles, from compact cars to luxury brands. The industry is known for its emphasis on quality, safety, and advanced engineering. Europe exports a significant number of vehicles to countries around the world. Germany, in particular, is a major exporter of automobiles, with brands like Volkswagen, BMW, and Mercedes-Benz being recognized globally. The European automotive sector is renowned for creating various automobiles, including electric, sports, luxury, and compact cars. European manufacturers are at the forefront of EV technology and producing cutting-edge features. Thus, the rise in the automobile sector in Europe will boost the demand for polylactic acid in the region.

The Germany market dominated the Europe Polylactic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $310 million by 2030. The UK market is showcasing a CAGR of 19% during (2023 - 2030). Additionally, The France market would register a CAGR of 20.8% during (2023 - 2030).

Based on End-use, the market is segmented into Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toray Industries, Inc., NatureWorks LLC, Futerro SA (GALACTIC group), COFCO Corporation, Shanghai Tong-jie-liang Biomaterials Co., LTD., Zhejiang Hisun Biomaterials Co., Ltd., BASF SE, Evonik Industries AG (RAG-Stiftung), Mitsubishi Chemical Holdings Corporation, and DANIMER SCIENTIFIC, INC.

Scope of the Study

Market Segments covered in the Report:

By End-use (Volume, Tonnes, USD Million, 2019-2030)

Packaging
Agriculture
Electronics
Textile
Automotive & Transport
Others

By Country (Volume, Tonnes, USD Million, 2019-2030)

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Companies Profiled

Toray Industries, Inc.
NatureWorks LLC
Futerro SA (GALACTIC group)
COFCO Corporation
Shanghai Tong-jie-liang Biomaterials Co., LTD.
Zhejiang Hisun Biomaterials Co., Ltd.
BASF SE
Evonik Industries AG (RAG-Stiftung)
Mitsubishi Chemical Holdings Corporation
DANIMER SCIENTIFIC, INC.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Polylactic Acid Market, by End-use
- 1.4.2 Europe Polylactic Acid Market, by Country
1.5 Methodology for the research

Chapter 2. Market At a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
3.3 Porter Five Forces Analysis

Chapter 4. Europe Polylactic Acid Market by End-use

4.1 Europe Packaging Market by Country
4.2 Europe Agriculture Market by Country
4.3 Europe Electronics Market by Country
4.4 Europe Textile Market by Country
4.5 Europe Automotive & Transport Market by Country
4.6 Europe Others Market by Country

Chapter 5. Europe Polylactic Acid Market by Country

5.1 Germany Polylactic Acid Market
- 5.1.1 Germany Polylactic Acid Market by End-use
5.2 UK Polylactic Acid Market
- 5.2.1 UK Polylactic Acid Market by End-use
5.3 France Polylactic Acid Market
- 5.3.1 France Polylactic Acid Market by End-use
5.4 Russia Polylactic Acid Market
- 5.4.1 Russia Polylactic Acid Market by End-use
5.5 Spain Polylactic Acid Market
- 5.5.1 Spain Polylactic Acid Market by End-use
5.6 Italy Polylactic Acid Market
- 5.6.1 Italy Polylactic Acid Market by End-use
5.7 Rest of Europe Polylactic Acid Market
- 5.7.1 Rest of Europe Polylactic Acid Market by End-use

Chapter 6. Company Profiles

6.1 NatureWorks LLC
- 6.1.1 Company Overview
- 6.1.2 Recent strategies and developments:
  - 6.1.2.1 Partnerships, Collaborations, and Agreements:
  - 6.1.2.2 Product Launches and Product Expansions:
- 6.1.3 SWOT Analysis
6.2 Futerro SA (GALACTIC group)
- 6.2.1 Company Overview
- 6.2.2 Recent strategies and developments:
  - 6.2.2.1 Geographical Expansions:
- 6.2.3 SWOT Analysis
6.3 Shanghai Tong-jie-liang Biomaterials Co., LTD.
- 6.3.1 Company Overview
- 6.3.2 SWOT Analysis
6.4 Zhejiang Hisun Biomaterials Co., Ltd.
- 6.4.1 Company Overview
6.5 Danimer Scientific, Inc.
- 6.5.1 Company Overview
- 6.5.2 Financial Analysis
- 6.5.3 Regional Analysis
- 6.5.4 Research & Development Expenses
- 6.5.5 Recent strategies and developments:
  - 6.5.5.1 Partnerships, Collaborations, and Agreements:
6.6 Toray Industries, Inc.
- 6.6.1 Company Overview
- 6.6.2 Financial Analysis
- 6.6.3 Segmental and Regional Analysis
- 6.6.4 Research & Development Expense
- 6.6.5 SWOT Analysis
6.7 COFCO Corporation
- 6.7.1 Company Overview
- 6.7.2 SWOT Analysis
6.8 BASF SE
- 6.8.1 Company Overview
- 6.8.2 Financial Analysis
- 6.8.3 Segmental and Regional Analysis
- 6.8.4 Research & Development Expense
- 6.8.5 Recent strategies and developments:
  - 6.8.5.1 Partnerships, Collaborations, and Agreements:
- 6.8.6 SWOT Analysis
6.9 Evonik Industries AG (RAG-Stiftung)
- 6.9.1 Company Overview
- 6.9.2 Financial Analysis
- 6.9.3 Segmental and Regional Analysis
- 6.9.4 Research & Development Expenses
- 6.9.5 Recent strategies and developments:
  - 6.9.5.1 Product Launches and Product Expansions:
- 6.9.6 SWOT Analysis
6.10. Mitsubishi Chemical Holdings Corporation
- 6.10.1 Company Overview
- 6.10.2 Financial Analysis
- 6.10.3 Segmental Analysis
- 6.10.4 Research & Development Expense
- 6.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 Europe Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 2 Europe Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 3 Europe Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 4 Europe Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 5 Europe Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 6 Europe Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 7 Europe Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 8 Europe Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 9 Europe Packaging Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Packaging Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Packaging Market by Country, 2019 - 2022, Tonnes
TABLE 12 Europe Packaging Market by Country, 2023 - 2030, Tonnes
TABLE 13 Europe Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Agriculture Market by Country, 2019 - 2022, Tonnes
TABLE 16 Europe Agriculture Market by Country, 2023 - 2030, Tonnes
TABLE 17 Europe Electronics Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Electronics Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Electronics Market by Country, 2019 - 2022, Tonnes
TABLE 20 Europe Electronics Market by Country, 2023 - 2030, Tonnes
TABLE 21 Europe Textile Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Textile Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Textile Market by Country, 2019 - 2022, Tonnes
TABLE 24 Europe Textile Market by Country, 2023 - 2030, Tonnes
TABLE 25 Europe Automotive & Transport Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Automotive & Transport Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Automotive & Transport Market by Country, 2019 - 2022, Tonnes
TABLE 28 Europe Automotive & Transport Market by Country, 2023 - 2030, Tonnes
TABLE 29 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Others Market by Country, 2019 - 2022, Tonnes
TABLE 32 Europe Others Market by Country, 2023 - 2030, Tonnes
TABLE 33 Europe Polylactic Acid Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Polylactic Acid Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Polylactic Acid Market by Country, 2019 - 2022, Tonnes
TABLE 36 Europe Polylactic Acid Market by Country, 2023 - 2030, Tonnes
TABLE 37 Germany Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 38 Germany Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 39 Germany Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 40 Germany Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 41 Germany Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 42 Germany Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 43 Germany Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 44 Germany Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 45 UK Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 46 UK Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 47 UK Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 48 UK Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 49 UK Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 50 UK Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 51 UK Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 52 UK Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 53 France Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 54 France Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 55 France Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 56 France Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 57 France Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 58 France Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 59 France Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 60 France Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 61 Russia Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 62 Russia Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 63 Russia Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 64 Russia Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 65 Russia Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 66 Russia Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 67 Russia Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 68 Russia Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 69 Spain Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 70 Spain Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 71 Spain Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 72 Spain Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 73 Spain Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 74 Spain Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 75 Spain Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 76 Spain Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 77 Italy Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 78 Italy Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 79 Italy Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 80 Italy Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 81 Italy Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 82 Italy Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 83 Italy Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 84 Italy Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 85 Rest of Europe Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 86 Rest of Europe Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 87 Rest of Europe Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 88 Rest of Europe Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 89 Rest of Europe Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 90 Rest of Europe Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 91 Rest of Europe Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 92 Rest of Europe Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 93 Key Information - NatureWorks LLC
TABLE 94 Key Information - Futerro SA
TABLE 95 Key Information - Shanghai Tong-jie-liang Biomaterials CO., LTD.
TABLE 96 Key Information - Zhejiang Hisun Biomaterials Co., Ltd.
TABLE 97 Key Information - Danimer Scientific, Inc.
TABLE 98 Key Information - Toray Industries, Inc.
TABLE 99 Key Information - COFCO Corporation
TABLE 100 Key Information - BASF SE
TABLE 101 Key Information - Evonik Industries AG
TABLE 102 Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION

Europe Polylactic Acid Market Size, Share & Industry Trends Analysis Report By End-use (Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others), By Country and Growth Forecast, 2023 - 2030