Polylactic Acid Market
Description
The Polylactic Acid Market is estimated to be valued at USD 998.2 Mn in 2025 and is expected to reach USD 3,257.9 Mn by 2032, growing at a compound annual growth rate (CAGR) of 18.4% from 2025 to 2032. Polylactic acid (PLA) is a biodegradable and bio-based thermoplastic aliphatic polyester derived from renewable plant sources such as corn, cassava roots, sugarcane, or sugar beet pulp. PLA can be produced through the fermentation of sugar and it provides excellent properties similar to petroleum-based plastics while offering sustainability. It is transparent and can be thermoformed but lacks toughness compared to conventional polymers. PLA finds applications in packaging films, bottles, utensils as well as 3D printing filaments due to its renewability and biodegradability. With growing environmental concerns and regulations aimed at reducing plastic pollution, the demand for bio-based and biodegradable polymers such as PLA is expected to increase significantly over the coming years.
Market Dynamics
Stringent government regulations aimed at limiting the use of conventional plastics along with rising awareness about environmental protection are the key factors driving the growth of the global polylactic acid market. PLA production from renewable plant-based sources also reduces dependency on petroleum feedstock. Furthermore, the increasing adoption of bioplastics in the packaging of food and beverages as well as non-food applications augurs well for the market. However, high production costs and limited availability of raw materials continue to hinder the widespread adoption of PLA. On the other hand, ongoing R&D towards improving the material properties of PLA through advanced production technologies and new polymer blends with other biopolymers is expected to create growth opportunities for market players.
Key Features of the Study
Market Dynamics
Stringent government regulations aimed at limiting the use of conventional plastics along with rising awareness about environmental protection are the key factors driving the growth of the global polylactic acid market. PLA production from renewable plant-based sources also reduces dependency on petroleum feedstock. Furthermore, the increasing adoption of bioplastics in the packaging of food and beverages as well as non-food applications augurs well for the market. However, high production costs and limited availability of raw materials continue to hinder the widespread adoption of PLA. On the other hand, ongoing R&D towards improving the material properties of PLA through advanced production technologies and new polymer blends with other biopolymers is expected to create growth opportunities for market players.
Key Features of the Study
- This report provides in-depth analysis of the global polylactic acid market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global polylactic acid market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include TotalEnergies Corbion bv, NatureWorks LLC, JIANGSU SUPLA BIOPLASTICS CO., LTD., Futerro, COFCO, Jiangxi Keyuan Biopharm Co.,Ltd., Shanghai Tong-jie-liang Biomaterials Co.,LTD., Zhejiang Hisun Biomaterials Co., Ltd., BASF SE, Danimer Scientific, Mitsubishi Chemical America, Inc., UNITIKA LTD., Sulzer Ltd., Weforyou, Polysciences Inc., Musashino Chemical Laboratory Ltd., BEWiSynbra Group, Esun, and Danimer Scientific
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global polylactic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polylactic acid market
- Raw Material Insights (Revenue, USD Mn, 2025 - 2032)
- Corn starch
- Sugarcane
- Cassava
- Others
- Application Insights (Revenue, USD Mn, 2025 - 2032)
- Rigid thermoforms
- Film & sheets
- Bottles
- Others
- End-use Insights (Revenue, USD Mn, 2025 - 2032)
- Packaging
- Agriculture
- Automotive & transportation
- Electronics
- Textile
- Consumer goods
- Others
- Regional Insights (Revenue, USD Mn, 2025 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Israel
- Rest of Middle East & Africa
- Key Players Insights
- TotalEnergies Corbion bv
- NatureWorks LLC
- JIANGSU SUPLA BIOPLASTICS CO., LTD.
- Futerro
- COFCO
- Jiangxi Keyuan Biopharm Co.,Ltd.
- Shanghai Tong-jie-liang Biomaterials Co.,LTD.
- Zhejiang Hisun Biomaterials Co., Ltd.
- BASF SE
- Danimer Scientific
- Mitsubishi Chemical America, Inc.
- UNITIKA LTD.
- Sulzer Ltd.
- Weforyou
- Polysciences Inc.
- Musashino Chemical Laboratory Ltd.
- BEWiSynbra Group
- Esun
- Danimer Scientific
Table of Contents
132 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Raw Material
- Market Snippet, By Application
- Market Snippet, By End-use
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- 4. Global Polylactic Acid Market, By Raw Material, 2020-2032, (USD Mn)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Corn starch
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Sugarcane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Cassava
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- 5. Global Polylactic Acid Market, By Application, 2020-2032, (USD Mn)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Rigid thermoform
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Film & sheets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Bottles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- 6. Global Polylactic Acid Market, By End-use, 2020-2032, (USD Mn)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Automotive & transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Textile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Consumer goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Mn)
- Segment Trends
- 7. Global Polylactic Acid Market, By Region, 2020-2032, (USD Mn)
- Introduction
- Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021-2032
- North America
- Introduction
- Market Size and Forecast, By Raw Material, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Application, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By End-use, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Raw Material, 2020 – 2032, (USD Mn))
- Market Size and Forecast, By Application, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By End-use, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Raw Material, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Application, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By End-use, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Raw Material, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Application, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By End-use, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Raw Material, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Application, 2020 - 2032 (USD Mn)
- Market Size and Forecast, By End-use, 2020 – 2032, (USD Mn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
- 8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- TotalEnergies Corbion bv
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- NatureWorks LLC
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- JIANGSU SUPLA BIOPLASTICS CO., LTD.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Futerro
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- COFCO
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Jiangxi Keyuan Biopharm Co., Ltd.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Shanghai Tong-jie-liang Biomaterials Co., LTD.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Zhejiang Hisun Biomaterials Co., Ltd.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- BASF SE
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Danimer Scientific
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Mitsubishi Chemical America, Inc.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- UNITIKA LTD.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Sulzer Ltd.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Weforyou
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Polysciences Inc.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Musashino Chemical Laboratory Ltd.
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- BEWiSynbra Group
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Esun
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- Danimer Scientific
- Company Overview
- Raw Material Portfolio
- Recent Developments/Updates
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Section
- References
- Research Methodology
- About Us and Sales Contact
- * Browse 25 market data tables* and 20 figures* on “Global Polylactic Acid Market” - Global forecast to 2032.
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