GLOBAL POLYLACTIC ACID MARKET 2019-2028

Chemicals & Materials | Specialty Chemicals

GLOBAL POLYLACTIC ACID MARKET 2019-2028

Market By Raw Material, End-user, Form And Geography | Forecast 2019-2028

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After a detailed analysis, Triton Market Research concluded that the polylactic acid market is expected to display an upward trend and is estimated to grow at a CAGR of 11.44% in terms of revenue and 13.28% in terms of volume over the forecast period of 2019 to 2028. The market, which was valued at $800.08 million in 2019, is expected to reach $2120.78 million in the year 2028.



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Polylactic acid (PLA) is a bio-plastic derived from natural renewable resources like corn, sugarcane and others. As polylactic acid is not derived from the processing of non-renewable petroleum resources and is obtained from biomass, these are called bioplastics. PLA has properties similar to those of polyethylene or polypropylene, and is biodegradable. It has applications in multiple end-user industries such as packaging, medical, textile and others. The bio-friendly property of polylactic acid makes it a high-in-demand material in today’s increasingly environment-cautious world.

Within this report from Triton Market Research on the polylactic acid market, market definition and the key insights regarding the industry are discussed. Also, the market attractiveness matrix, vendor scorecard, value chain analysis, key buying criteria, regulatory framework and Porter’s five force analysis, are studied for the polylactic acid market.

Market drivers such as the growing government support and increasing environmental degradation are propelling the demand for polylactic acid in the market. High costs, as compared to conventional options, are restraining the market growth. Key opportunities like increasing demand-supply gap in petroleum products due to limited availability can be leveraged by the industry to get towards the projected growth. The industry faces challenges such as the requirement of industrial composting units and low functionality, as compared to conventional alternatives.




Geographies covered for the global polylactic acid market:

           North America: United States and Canada

           Europe: United Kingdom, Germany, France, Italy, Spain, Russia and Rest of Europe

           Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia-Pacific

           Latin America: Brazil, Mexico and Rest of Latin America

           Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa and Rest of Middle East & Africa.

The segmentation analysis of the global polylactic acid market:

           Market by product form:

            o          Films and Sheets

            o          Coatings

            o          Fibers

            o          Others

           Market by end-user:

            o          Packaging

            o          Agriculture

            o          Electronics

            o          Textiles

            o          Medical

            o          Automotive

            o          Others

           Market by raw material:

            o          Corn

            o          Cassava

            o          Sugarcane & Sugar Beet

            o          Others

Some of the prominent players in the polylactic acid market are Zhejiang Hisun Biomaterials Co Ltd, Danimer Scientific, Green Dot Bioplastics, Mitsubishi Chemical Holding Corporation, Innovia Films, Synbra Holding BV, Teijin Limited, Dow, Total Corbion PLA, Thyssenkrupp AG, Futerro SA, Good Natured Products Inc, BASF SE and Natureworks LLC.

The strategic analysis for each of these companies in the polylactic acid market is covered in detail. Company profiles help to dive into the information about the key market players in this industry and how much hold they have on the market. The immense growth opportunities are attracting new companies to rush into the market and thus accelerate the degree of competition.

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Table of Content

1.    GLOBAL POLYLACTIC ACID MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   PACKAGING IS THE LARGEST-CONTRIBUTING END-USER SEGMENT OF THE MARKET

2.2.2.   COATINGS IS THE RAPIDLY-GROWING PRODUCT FORM OF PLA

2.2.3.   CORN IS THE EXTENSIVELY-USED RAW MATERIAL FOR PLA EXTRACTION

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. VALUE CHAIN ANALYSIS

2.6.1.   RAW MATERIAL

2.6.2.   PRODUCTION

2.6.3.   RETAILER/DISTRIBUTOR

2.6.4.   END-USER

2.7. KEY BUYING CRITERIA

2.7.1.   PRICE

2.7.2.   ALTERNATIVES

2.7.3.   AVAILABILITY

2.7.4.   END OF LIFE EFFECTS

2.8. REGULATORY FRAMEWORK

2.9. MARKET DRIVERS

2.9.1.   GOVERNMENT SUPPORT

2.9.2.   GROWTH IN ENVIRONMENTAL DEGRADATION

2.10. MARKET RESTRAINTS

2.10.1. HIGHER COST AS COMPARED TO CONVENTIONAL OPTIONS

2.11. MARKET OPPORTUNITIES

2.11.1. WIDENING DEMAND SUPPLY GAP IN PETROLEUM PRODUCTS DUE TO LIMITED AVAILABILITY

2.12. MARKET CHALLENGES

2.12.1.  REQUIRE INDUSTRIAL COMPOSTING UNITS

2.12.2. LOW FUNCTIONALITY AS COMPARED TO CONVENTIONAL ALTERNATIVES

3.    POLYLACTIC ACID MARKET OUTLOOK - BY RAW MATERIAL

3.1. CORN

3.2. SUGARCANE & SUGAR BEET

3.3. CASSAVA

3.4. OTHER RAW MATERIAL

4.    POLYLACTIC ACID MARKET OUTLOOK - BY END-USER

4.1. PACKAGING

4.2. MEDICAL

4.3. TEXTILES

4.4. AGRICULTURE

4.5. ELECTRONICS

4.6. AUTOMOTIVE

4.7. OTHER END-USERS

5.    POLYLACTIC ACID MARKET OUTLOOK - BY FORM

5.1. FIBER

5.2. FILMS & SHEETS

5.3. COATINGS

5.4. OTHER FORMS

6.    POLYLACTIC ACID MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1.   MARKET BY RAW MATERIAL

6.1.2.   MARKET BY END-USER

6.1.3.   MARKET BY FORM

6.1.4.   COUNTRY ANALYSIS

6.1.4.1.      UNITED STATES

6.1.4.2.      CANADA

6.2. EUROPE

6.2.1.   MARKET BY RAW MATERIAL

6.2.2.   MARKET BY END-USER

6.2.3.   MARKET BY FORM

6.2.4.   COUNTRY ANALYSIS

6.2.4.1.      UNITED KINGDOM

6.2.4.2.      GERMANY

6.2.4.3.      FRANCE

6.2.4.4.      SPAIN

6.2.4.5.      ITALY

6.2.4.6.      RUSSIA

6.2.4.7.      REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1.   MARKET BY RAW MATERIAL

6.3.2.   MARKET BY END-USER

6.3.3.   MARKET BY FORM

6.3.4.   COUNTRY ANALYSIS

6.3.4.1.      CHINA

6.3.4.2.      JAPAN

6.3.4.3.      INDIA

6.3.4.4.      SOUTH KOREA

6.3.4.5.      ASEAN COUNTRIES

6.3.4.6.      AUSTRALIA & NEW ZEALAND

6.3.4.7.      REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1.   MARKET BY RAW MATERIAL

6.4.2.   MARKET BY END-USER

6.4.3.   MARKET BY FORM

6.4.4.   COUNTRY ANALYSIS

6.4.4.1.      BRAZIL

6.4.4.2.      MEXICO

6.4.4.3.      REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1.   MARKET BY RAW MATERIAL

6.5.2.   MARKET BY END-USER

6.5.3.   MARKET BY FORM

6.5.4.   COUNTRY ANALYSIS

6.5.4.1.      THE UNITED ARAB EMIRATES

6.5.4.2.      TURKEY

6.5.4.3.      SAUDI ARABIA

6.5.4.4.      SOUTH AFRICA

6.5.4.5.      REST OF MIDDLE EAST & AFRICA

7.    COMPETITIVE LANDSCAPE

7.1. NATUREWORKS LLC

7.2. BASF

7.3. MITSUBISHI CHEMICAL HOLDING CORPORATION

7.4. ZHEJIANG HISUN BIOMATERIALS CO LTD

7.5. FUTERRO SA

7.6. SYNBRA HOLDING BV

7.7. TEIJIN LIMITED

7.8. DOW 

7.9. THYSSENKRUPP AG

7.10. DANIMER SCIENTIFIC

7.11. GREEN DOT BIOPLASTICS

7.12. INNOVIA FILMS

7.13. GOOD NATURED PRODUCTS INC

7.14. TOTAL CORBION PLA

8.    RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.1.1.   OBJECTIVES OF STUDY

8.1.2.   SCOPE OF STUDY

8.2. SOURCES OF DATA

8.2.1.   PRIMARY DATA SOURCES

8.2.2.   SECONDARY DATA SOURCES

8.3. RESEARCH METHODOLOGY

8.3.1.   EVALUATION OF PROPOSED MARKET

8.3.2.   IDENTIFICATION OF DATA SOURCES

8.3.3.   ASSESSMENT OF MARKET DETERMINANTS

8.3.4.   DATA COLLECTION

8.3.5.   DATA VALIDATION & ANALYSIS

List of table

TABLE 1: GLOBAL POLYLACTIC ACID MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)           

TABLE 2: GLOBAL POLYLACTIC ACID MARKET, BY GEOGRAPHY, 2019-2028 (IN KILO METRIC TON)         

TABLE 3: VENDOR SCORECARD        

TABLE 4: LEGAL, POLICY & REGULATORY FRAMEWORK           

TABLE 5: GLOBAL POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019-2028 (IN $ MILLION)      

TABLE 6: GLOBAL POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN $ MILLION)           

TABLE 7: GLOBAL POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN KILO METRIC TON)  

TABLE 8: GLOBAL POLYLACTIC ACID MARKET, BY FORM, 2019-2028 (IN $ MILLION)         

TABLE 9: GLOBAL POLYLACTIC ACID MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)           

TABLE 10: GLOBAL POLYLACTIC ACID MARKET, BY GEOGRAPHY, 2019-2028 (IN KILO METRIC TON)

TABLE 11: NORTH AMERICA POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)      

TABLE 12: NORTH AMERICA POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN KILO METRIC TON)         

TABLE 13: NORTH AMERICA POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019-2028 (IN $ MILLION)   

TABLE 14: NORTH AMERICA POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN $ MILLION)      

TABLE 15: NORTH AMERICA POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN KILO METRIC TON)         

TABLE 16: NORTH AMERICA POLYLACTIC ACID MARKET, BY FORM, 2019-2028 (IN $ MILLION)      

TABLE 17: EUROPE POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)           

TABLE 18: EUROPE POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN KILO METRIC TON)  

TABLE 19: EUROPE POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019-2028 (IN $ MILLION)      

TABLE 20: EUROPE POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN $ MILLION)           

TABLE 21: EUROPE POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN KILO METRIC TON)  

TABLE 22: EUROPE POLYLACTIC ACID MARKET, BY FORM, 2019-2028 (IN $ MILLION)     

TABLE 23: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)      

TABLE 24: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN KILO METRIC TON)

TABLE 25: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019-2028 (IN $ MILLION)

TABLE 26: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN $ MILLION)      

TABLE 27: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN KILO METRIC TON)

TABLE 28: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY FORM, 2019-2028 (IN $ MILLION)           

TABLE 29: LATIN AMERICA POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)      

TABLE 30: LATIN AMERICA POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN KILO METRIC TON)         

TABLE 31: LATIN AMERICA POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019-2028 (IN $ MILLION)

TABLE 32: LATIN AMERICA POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN $ MILLION)      

TABLE 33: LATIN AMERICA POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN KILO METRIC TON)         

TABLE 34: LATIN AMERICA POLYLACTIC ACID MARKET, BY FORM, 2019-2028 (IN $ MILLION)           

TABLE 35: MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)        

TABLE 36: MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN KILO METRIC TON)    

TABLE 37: MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019-2028 (IN $ MILLION)

TABLE 38: MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN $ MILLION)          

TABLE 39: MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN KILO METRIC TON)      

TABLE 40: MIDDLE EAST AND AFRICA POLYLACTIC ACID MARKET, BY FORM, 2019-2028 (IN $ MILLION)   

List of Figures

FIGURE 1: GLOBAL POLYLACTIC ACID MARKET, BY END-USER, 2019 & 2028 (IN %)         

FIGURE 2: GLOBAL PACKAGING MARKET, 2019-2028 (IN $ MILLION)  

FIGURE 3: GLOBAL COATINGS MARKET, 2019-2028 (IN $ MILLION)     

FIGURE 4: GLOBAL CORN MARKET, 2019-2028 (IN $ MILLION)  

FIGURE 5: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 6: MARKET ATTRACTIVENESS INDEX       

FIGURE 7: VALUE CHANIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA      

FIGURE 9: GLOBAL POLYLACTIC ACID MARKET, BY CORN, 2019-2028 (IN $ MILLION)      

FIGURE 10: GLOBAL POLYLACTIC ACID MARKET, BY SUGARCANE & SUGAR BEET, 2019-2028 (IN $ MILLION)          

FIGURE 11: GLOBAL POLYLACTIC ACID MARKET, BY CASSAVA, 2019-2028 (IN $ MILLION)           

FIGURE 12: GLOBAL POLYLACTIC ACID MARKET, BY OTHER RAW MATERIAL, 2019-2028 (IN $ MILLION)   

FIGURE 13: GLOBAL POLYLACTIC ACID MARKET, BY PACKAGING, 2019-2028 (IN $ MILLION)           

FIGURE 14: GLOBAL POLYLACTIC ACID MARKET, BY MEDICAL, 2019-2028 (IN $ MILLION)           

FIGURE 15: GLOBAL POLYLACTIC ACID MARKET, BY TEXTILES, 2019-2028 (IN $ MILLION)           

FIGURE 16: GLOBAL POLYLACTIC ACID MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)      

FIGURE 17: GLOBAL POLYLACTIC ACID MARKET, BY ELECTRONICS, 2019-2028 (IN $ MILLION)      

FIGURE 18: GLOBAL POLYLACTIC ACID MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)      

FIGURE 19: GLOBAL POLYLACTIC ACID MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)      

FIGURE 20: GLOBAL POLYLACTIC ACID MARKET, BY FIBER, 2019-2028 (IN $ MILLION)    

FIGURE 21: GLOBAL POLYLACTIC ACID MARKET, BY FILMS & SHEETS, 2019-2028 (IN $ MILLION)      

FIGURE 22: GLOBAL POLYLACTIC ACID MARKET, BY COATINGS, 2019-2028 (IN $ MILLION)           

FIGURE 23: GLOBAL POLYLACTIC ACID MARKET, BY OTHER FORMS, 2019-2028 (IN $ MILLION)      

FIGURE 24: GLOBAL POLYLACTIC ACID MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)           

FIGURE 25: UNITED STATES POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)         

FIGURE 26: CANADA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: UNITED KINGDOM POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)     

FIGURE 28: GERMANY POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: FRANCE POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: SPAIN POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)    

FIGURE 31: ITALY POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)     

FIGURE 32: RUSSIA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION) 

FIGURE 33: REST OF EUROPE POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)     

FIGURE 34: CHINA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)    

FIGURE 35: JAPAN POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)   

FIGURE 36: INDIA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)      

FIGURE 37: SOUTH KOREA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)           

FIGURE 38: ASEAN COUNTRIES POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)  

FIGURE 39: AUSTRALIA & NEW ZEALAND POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)      

FIGURE 40: REST OF ASIA-PACIFIC POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)           

FIGURE 41: BRAZIL POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)  

FIGURE 42: MEXICO POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION) 

FIGURE 43: REST OF LATIN AMERICA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)           

FIGURE 44: THE UNITED ARAB EMIRATES POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)      

FIGURE 45: TURKEY POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)

FIGURE 46: SAUDI ARABIA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)

FIGURE 47: SOUTH AFRICA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)           

FIGURE 48: REST OF MIDDLE EAST & AFRICA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)      

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