Latin America Polylactic Acid (PLA) Market Report and Forecast 2025-2034
Description
The Latin America polylactic acid (PLA) market is estimated to grow at a CAGR of 10.20% during 2025-2034.
The rising plastic waste generated by the country is compelling the government to encourage the production and adoption of bioplastics, aiding the Latin America polylactic acid (PLA) market growth. For instance, according to the Blue Keepers project which is part of the United Nations (UN) Global Compact in Brazil, the country discards around 3.44 million tons of plastic bags, bottles, shampoo containers, straws, and polystyrene into the environment annually. Further, Argentinean consumers discards around 12 million plastic bottles daily. Further, less than 25% of these get recycled. The heaps of plastic waste in roadside dumps and landfills make the switching to bioplastics and bio-based plastics sustainable for Latin Americans.
Further, the raw materials for PLA production include corn, cassava, sugar beet, and sugarcane. Brazil is a significant corn producer globally. During 2021-2022, the country produced 116 million metric tons of corn. The shift towards sustainable materials is also becoming a standard in the Mexican packaging sector, with companies widely using plant-based plastics, biodegradable compounds, and recycled paper. Packaging made from cornstarch-based bioplastics is gaining prevalence as an eco-friendly alternative to traditional plastic.
As per the Latin America polylactic acid (PLA) market report, PLA plays a crucial role in the biomedical sector. A variety of PLA blends can be deployed for a variety of biomedical applications such as drug delivery, tissue engineering, implants, and sutures.
Market Segmentation
Latin America Polylactic Acid (PLA) Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Raw Material:
Sugarcane
Corn
Cassava
Sugar Beet
Others
Market Breakup by Grade:
Thermoforming
Injection Moulding
Extrusion
Blow Moulding
Others
Market Breakup by Application:
Rigid Thermoforms
Films and Sheets
Bottles
Others
Market Breakup by End Use:
Packaging
Consumer Goods
Agriculture
Textile
Biomedical
Others
Market Breakup by Region:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key players in the polylactic acid (PLA) market in Latin America are investing in research to develop advanced PLA products to meet the sustainability requirements of end-use markets.
BASF SE
NatureWorks LLC
TotalEnergies SE
FUTERRO S.A.
Unitika Ltd
Jiangxi Keyuan Bio-Material Co., Ltd
Jilin COFCO Biomaterial Co., Ltd
China BBCA Group
Others
The rising plastic waste generated by the country is compelling the government to encourage the production and adoption of bioplastics, aiding the Latin America polylactic acid (PLA) market growth. For instance, according to the Blue Keepers project which is part of the United Nations (UN) Global Compact in Brazil, the country discards around 3.44 million tons of plastic bags, bottles, shampoo containers, straws, and polystyrene into the environment annually. Further, Argentinean consumers discards around 12 million plastic bottles daily. Further, less than 25% of these get recycled. The heaps of plastic waste in roadside dumps and landfills make the switching to bioplastics and bio-based plastics sustainable for Latin Americans.
Further, the raw materials for PLA production include corn, cassava, sugar beet, and sugarcane. Brazil is a significant corn producer globally. During 2021-2022, the country produced 116 million metric tons of corn. The shift towards sustainable materials is also becoming a standard in the Mexican packaging sector, with companies widely using plant-based plastics, biodegradable compounds, and recycled paper. Packaging made from cornstarch-based bioplastics is gaining prevalence as an eco-friendly alternative to traditional plastic.
As per the Latin America polylactic acid (PLA) market report, PLA plays a crucial role in the biomedical sector. A variety of PLA blends can be deployed for a variety of biomedical applications such as drug delivery, tissue engineering, implants, and sutures.
Market Segmentation
Latin America Polylactic Acid (PLA) Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Raw Material:
Sugarcane
Corn
Cassava
Sugar Beet
Others
Market Breakup by Grade:
Thermoforming
Injection Moulding
Extrusion
Blow Moulding
Others
Market Breakup by Application:
Rigid Thermoforms
Films and Sheets
Bottles
Others
Market Breakup by End Use:
Packaging
Consumer Goods
Agriculture
Textile
Biomedical
Others
Market Breakup by Region:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key players in the polylactic acid (PLA) market in Latin America are investing in research to develop advanced PLA products to meet the sustainability requirements of end-use markets.
BASF SE
NatureWorks LLC
TotalEnergies SE
FUTERRO S.A.
Unitika Ltd
Jiangxi Keyuan Bio-Material Co., Ltd
Jilin COFCO Biomaterial Co., Ltd
China BBCA Group
Others
Table of Contents
125 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Polylactic Acid (PLA) Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Polylactic Acid (PLA) Historical Market (2018-2024)
- 5.3 Global Polylactic Acid (PLA) Market Forecast (2025-2034)
- 5.4 Global Polylactic Acid (PLA) Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Latin America Polylactic Acid (PLA) Market Overview
- 6.1 Key Industry Highlights
- 6.2 Latin America Polylactic Acid (PLA) Historical Market (2018-2024)
- 6.3 Latin America Polylactic Acid (PLA) Market Forecast (2025-2034)
- 7 Latin America Polylactic Acid (PLA) Market by Raw Material
- 7.1 Sugarcane
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Corn
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Cassava
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Sugar Beet
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Latin America Polylactic Acid (PLA) Market by Grade
- 8.1 Thermoforming
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Injection Moulding
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Extrusion
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Blow Moulding
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Latin America Polylactic Acid (PLA) Market by Application
- 9.1 Rigid Thermoforms
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Films and Sheets
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Bottles
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Latin America Polylactic Acid (PLA) Market by End Use
- 10.1 Packaging
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Consumer Goods
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Agriculture
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Textile
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Biomedical
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Others
- 11 Latin America Polylactic Acid (PLA) Market by Country
- 11.1 Brazil
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Mexico
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.3 Argentina
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.4 Others
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators of Demand
- 12.4 Key Indicators of Price
- 13 Trade Data Analysis (HS Code – 39770)
- 13.1 Major Importing Countries
- 13.1.1 By Volume
- 13.1.2 By Value
- 13.2 Major Exporting Countries
- 13.2.1 By Volume
- 13.2.2 By Value
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Supplier Selection
- 15.2 Key Global Players
- 15.3 Key Regional Players
- 15.4 Key Player Strategies
- 15.5 Company Profiles
- 15.5.1 BASF SE
- 15.5.1.1 Company Overview
- 15.5.1.2 Product Portfolio
- 15.5.1.3 Demographic Reach and Achievements
- 15.5.1.4 Certifications
- 15.5.2 NatureWorks LLC
- 15.5.2.1 Company Overview
- 15.5.2.2 Product Portfolio
- 15.5.2.3 Demographic Reach and Achievements
- 15.5.2.4 Certifications
- 15.5.3 TotalEnergies SE
- 15.5.3.1 Company Overview
- 15.5.3.2 Product Portfolio
- 15.5.3.3 Demographic Reach and Achievements
- 15.5.3.4 Certifications
- 15.5.4 FUTERRO S.A.
- 15.5.4.1 Company Overview
- 15.5.4.2 Product Portfolio
- 15.5.4.3 Demographic Reach and Achievements
- 15.5.4.4 Certifications
- 15.5.5 Unitika Ltd
- 15.5.5.1 Company Overview
- 15.5.5.2 Product Portfolio
- 15.5.5.3 Demographic Reach and Achievements
- 15.5.5.4 Certifications
- 15.5.6 Jiangxi Keyuan Bio-Material Co., Ltd
- 15.5.6.1 Company Overview
- 15.5.6.2 Product Portfolio
- 15.5.6.3 Demographic Reach and Achievements
- 15.5.6.4 Certifications
- 15.5.7 Jilin COFCO Biomaterial Co., Ltd
- 15.5.7.1 Company Overview
- 15.5.7.2 Product Portfolio
- 15.5.7.3 Demographic Reach and Achievements
- 15.5.7.4 Certifications
- 15.5.8 China BBCA Group
- 15.5.8.1 Company Overview
- 15.5.8.2 Product Portfolio
- 15.5.8.3 Demographic Reach and Achievements
- 15.5.8.4 Certifications
- 15.5.9 Others
Pricing
Currency Rates
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