Market Research Report
Global Bio-polylactic Acid (PLA) Films Industry Research Report, Growth Trends and Competitive Analysis 2018-2025
|Published by||QYResearch||Product code||685934|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Global Bio-polylactic Acid (PLA) Films Industry Research Report, Growth Trends and Competitive Analysis 2018-2025|
|Published: August 28, 2018||Content info: 110 Pages||
This study focuses on the production side and consumption side of Bio-polylactic Acid (PLA) Films, presents the global Bio-polylactic Acid (PLA) Films market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Bio-polylactic Acid (PLA) Films capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Bio-polylactic Acid (PLA) Films by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
The use of bio-based materials as food packaging materials is on a continuous rise, owing to their advantages over fossil-based plastics, such as use of renewable resources in their production and, in many cases, the biodegradability and/or compostability of the finished product, which offers an alternative to disposal in landfills. The most common bio-based plastic synthesized from bio-based monomer is polylactic acid.
PLA is an aliphatic polyester produced by the polymerization of lactic acid (2-hydroxypropionic acid). Lactic acid can be produced synthetically from hydrogen cyanide and acetaldehyde, or naturally by anaerobic fermentation by bacteria or certain fungi of carbon substrates, either pure (e.g., glucose and sucrose) or impure (e.g., starch). Bio-PLA films can hold creases or twists, a property normally lacking in plastic films. The physical properties of PLA make it an ideal candidate for replacement of fossil-based plastics in several application areas of low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene (PP), and polyethylene terephthalate (PET).
Positive growth indicators in the food & beverage industry and increase in demand for food packaging for prolonged preservation drive the bio-PLA films market. Moreover, rapid adoption of these films as a synthetic plastic in agricultural applications, such as cultivation of soft fruits and vegetables, has reduced harsh environmental impacts, leading to market growth. However, high product cost in comparison with synthetic and semi-synthetic films restrains the growth. In addition, relatively low vapor barrier and mechanical properties of the product may hamper industry growth in the future.
The Bio-polylactic Acid (PLA) Films market was valued at 390 Million US$ in 2017 and is projected to reach 1170 Million US$ by 2025, at a CAGR of 14.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Bio-polylactic Acid (PLA) Films.
This report includes the following manufacturers; we can also add the other companies as you want.
In this study, the years considered to estimate the market size of Bio-polylactic Acid (PLA) Films are as follows: