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Global Polylactic Acid (PLA) Market Growth 2023-2029

Global Polylactic Acid (PLA) Market Growth 2023-2029

Product Code:453189

Published Date: Feb 08,2023

Pages: 106

Region: Global

Category: Chemical & Material

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LPI (LP Information)' newest research report, the “Polylactic Acid (PLA) Industry Forecast” looks at past sales and reviews total world Polylactic Acid (PLA) sales in 2022, providing a comprehensive analysis by region and market sector of projected Polylactic Acid (PLA) sales for 2023 through 2029. With Polylactic Acid (PLA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polylactic Acid (PLA) industry.

This Insight Report provides a comprehensive analysis of the global Polylactic Acid (PLA) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polylactic Acid (PLA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Polylactic Acid (PLA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polylactic Acid (PLA) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polylactic Acid (PLA).

The global Polylactic Acid (PLA) market size is projected to grow from US$ 1046.7 million in 2022 to US$ 1324.8 million in 2029; it is expected to grow at a CAGR of 1324.8 from 2023 to 2029.

Polylactic Acid (PLA), also known as Polylactide (Polylactide), is a kind of aliphatic polyester.Polylactic acid (PLA) is a kind of biodegradable polymer material, which is made from biomass materials such as sugar, starch and cellulose by fermentation and then polymerized into PLA polymer materials. Global Polylactic Acid(PLA) key players include NatureWorks, Total Corbion, BEWiSynbra, Teijin, Toray etc. Global top five manufacturers hold a Production Market Share over 80%. North America accounts for the most Sales Market Share, which have a share over 30%, followed by China. In terms of product, Injection Molding Grade is the largest segment, with a Revenue Market Share over 65%. And in terms of application, the largest Application is Tableware and Utensils, followed by Food and Beverage Packaging.

This report presents a comprehensive overview, market shares, and growth opportunities of Polylactic Acid (PLA) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Injection Molding Grade PLA
    Film Grade PLA
    Sheet Grade PLA
    Fiber Grade PLA

Segmentation by application
    Tableware and Utensils
    Food and Beverage Packaging
    Electronics and Electrical Appliances
    Medical and Personal Care
    3D Printing Consumables
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    NatureWorks
    Total Corbion
    BEWiSynbra
    Teijin
    Toray
    Futerro
    Sulzer
    Unitika
    HISUN
    Shanghai TONGJIELIANG
    Nantong JIUDING
    ESUN
    BBCA BIOTECH

Key Questions Addressed in this Report
What is the 10-year outlook for the global Polylactic Acid (PLA) market?
What factors are driving Polylactic Acid (PLA) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polylactic Acid (PLA) market opportunities vary by end market size?
How does Polylactic Acid (PLA) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?