LAMEA 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 Latin America, Middle East and Africa Polylactic Acid Market would witness market growth of 23.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 32,697.9 Tonnes, showcasing a growth of 23.0% (2023-2030).

PLA is being combined with other polymers to improve its properties, expanding its applications. Blending PLA with materials like polyhydroxyalkanoates (PHA) enhances its biodegradability and performance in specific applications. Efforts to reduce the cost of PLA production are ongoing, making it more competitive with traditional plastics. Advancements in fermentation and polymerization processes are helping drive down production costs. Investments in PLA production facilities are on the rise to meet growing demand. This expansion will ensure a stable supply of PLA for various applications.

Moreover, PLA's biodegradable and barrier properties have positioned it as an attractive material for eco-friendly packaging. This trend is expected to continue, particularly in the food and beverage industry. The fashion industry is exploring PLA-based textiles as a sustainable alternative to traditional synthetics. PLA fabrics offer breathability, comfort, and a reduced environmental impact. Government regulations and bans on single-use plastics in various regions push industries to seek sustainable alternatives like PLA for packaging, disposable items, and more.

According to the International Trade Administration (ITA), the gross domestic product (GDP) of South Africa's automotive industry as a whole was 4.3% in 2021 (2.4% manufacturing and 1.9% retail). As the largest manufacturing sector in the economy, the production of vehicles and automotive components contributed a significant 18.7% of value-added to the domestic manufacturing output, maintaining the industry's position as a major player in South Africa's industrialization process. The automotive industry, which continues to be one of the more prominent recipients of foreign investment, saw seven Original Equipment Manufacturers (OEMs) invest R8.8 billion in 2021, the second-highest annual amount ever, and the component industry also made a sizeable R5.7 billion investment. The growth of the automotive sector in the LAMEA region will propel the demand for polylactic acid in the region.

The Brazil market dominated the LAMEA Polylactic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $73.2 million by 2030. The Argentina market is experiencing a CAGR of 23.6% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 22.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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)

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

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 LAMEA Polylactic Acid Market, by End-use
- 1.4.2 LAMEA 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. LAMEA Polylactic Acid Market by End-use

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

Chapter 5. LAMEA Polylactic Acid Market by Country

5.1 Brazil Polylactic Acid Market
- 5.1.1 Brazil Polylactic Acid Market by End-use
5.2 Argentina Polylactic Acid Market
- 5.2.1 Argentina Polylactic Acid Market by End-use
5.3 UAE Polylactic Acid Market
- 5.3.1 UAE Polylactic Acid Market by End-use
5.4 Saudi Arabia Polylactic Acid Market
- 5.4.1 Saudi Arabia Polylactic Acid Market by End-use
5.5 South Africa Polylactic Acid Market
- 5.5.1 South Africa Polylactic Acid Market by End-use
5.6 Nigeria Polylactic Acid Market
- 5.6.1 Nigeria Polylactic Acid Market by End-use
5.7 Rest of LAMEA Polylactic Acid Market
- 5.7.1 Rest of LAMEA 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 LAMEA Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 4 LAMEA Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 5 LAMEA Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 6 LAMEA Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 7 LAMEA Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 8 LAMEA Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 9 LAMEA Packaging Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Packaging Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Packaging Market by Country, 2019 - 2022, Tonnes
TABLE 12 LAMEA Packaging Market by Country, 2023 - 2030, Tonnes
TABLE 13 LAMEA Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Agriculture Market by Country, 2019 - 2022, Tonnes
TABLE 16 LAMEA Agriculture Market by Country, 2023 - 2030, Tonnes
TABLE 17 LAMEA Electronics Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Electronics Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Electronics Market by Country, 2019 - 2022, Tonnes
TABLE 20 LAMEA Electronics Market by Country, 2023 - 2030, Tonnes
TABLE 21 LAMEA Textile Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Textile Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Textile Market by Country, 2019 - 2022, Tonnes
TABLE 24 LAMEA Textile Market by Country, 2023 - 2030, Tonnes
TABLE 25 LAMEA Automotive & Transport Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Automotive & Transport Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Automotive & Transport Market by Country, 2019 - 2022, Tonnes
TABLE 28 LAMEA Automotive & Transport Market by Country, 2023 - 2030, Tonnes
TABLE 29 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Others Market by Country, 2019 - 2022, Tonnes
TABLE 32 LAMEA Others Market by Country, 2023 - 2030, Tonnes
TABLE 33 LAMEA Polylactic Acid Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Polylactic Acid Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Polylactic Acid Market by Country, 2019 - 2022, Tonnes
TABLE 36 LAMEA Polylactic Acid Market by Country, 2023 - 2030, Tonnes
TABLE 37 Brazil Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 38 Brazil Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 39 Brazil Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 40 Brazil Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 41 Brazil Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 42 Brazil Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 43 Brazil Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 44 Brazil Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 45 Argentina Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 46 Argentina Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 47 Argentina Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 48 Argentina Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 49 Argentina Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 50 Argentina Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 51 Argentina Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 52 Argentina Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 53 UAE Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 54 UAE Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 55 UAE Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 56 UAE Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 57 UAE Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 58 UAE Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 59 UAE Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 60 UAE Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 61 Saudi Arabia Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 64 Saudi Arabia Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 65 Saudi Arabia Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 68 Saudi Arabia Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 69 South Africa Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 70 South Africa Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 71 South Africa Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 72 South Africa Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 73 South Africa Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 74 South Africa Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 75 South Africa Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 76 South Africa Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 77 Nigeria Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 78 Nigeria Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 79 Nigeria Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 80 Nigeria Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 81 Nigeria Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 82 Nigeria Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 83 Nigeria Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 84 Nigeria Polylactic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 85 Rest of LAMEA Polylactic Acid Market, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Polylactic Acid Market, 2023 - 2030, USD Million
TABLE 87 Rest of LAMEA Polylactic Acid Market, 2019 - 2022, Tonnes
TABLE 88 Rest of LAMEA Polylactic Acid Market, 2023 - 2030, Tonnes
TABLE 89 Rest of LAMEA Polylactic Acid Market by End-use, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Polylactic Acid Market by End-use, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Polylactic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 92 Rest of LAMEA 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

LAMEA 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