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Global Polylactic Acid Market 2017-2021

Global Polylactic Acid Market 2017-2021

About Polylactic Acid

PLA is a bioplastic that is biodegradable in nature. It is derived from renewable sources such as sugarcane and corn starch. Its manufacturing process includes condensation and polymerization. It is widely used for packaging in the food and beverage industry. It is also used for various applications such as biodegradable polymers, food and beverages, medical and pharmaceutical, and personal care.

Technavio’s analysts forecast the global polylactic acid market to grow at a CAGR of 19.99% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global polylactic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Polylactic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Corbion
  • NatureWorks
  • Synbra Technology bv
Other prominent vendors
  • Exxon Mobil
  • The Dow Chemical company
  • DuPont
  • Futerro
  • Galactic
  • Henan Jindan Lactic Acid Technology
Market driver
  • Easy availability of raw materials
  • For a full, detailed list, view our report
Market challenge
  • Lack of consumer awareness and acceptance
  • For a full, detailed list, view our report
Market trend
  • Increasing use of PLA by automotive manufacturers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Polylactic Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global polylactic acid market: BASF, Corbion, NatureWorks, and Synbra Technology bv.

Other Prominent Vendors in the market are: Exxon Mobil, The Dow Chemical company, DuPont, Futerro, Galactic, and Henan Jindan Lactic Acid Technology.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of PLA by automotive manufacturers. PLA meets all the performance specifications that have been formulated by original equipment manufacturers (OEM), except for abrasion resistance and flammability. It is found that fabrics derived from PLA perform equally or better than that derived from PET. PLA materials are being increasingly adopted as they ensure lightweight parts in comparison with synthetic counterparts.”

According to the report, one driver in the market is easy availability of raw materials. PLA is commonly produced from plant-based raw materials, which are easily available. The production process of PLA involves the use of corn-starch or sugarcane as raw materials. These are easily available in the market, thereby acting as a driver for the global PLA market during the forecast period. Lactic acid is obtained from the fermentation of starch or sugar and then it is used in the production of PLA which is more biodegradable than conventional plastic that is derived from petrochemicals.

Further, the report states that one challenge in the market is lack of consumer awareness and acceptance. The awareness of consumers on the need to use PLA is low in developing countries. Consumers are using non-renewable petrochemical based plastics that will have an adverse impact on the environment. Creating awareness on the benefits of using PLA for applications such as packaging and other end-user applications, along with the need to protect the environment, is an essential factor for market growth. In addition, understanding the basics of bioplastics, such as the difference between bioplastics and petroleum-based plastics is essential to carry out effective composting process.

Companies Mentioned

Other Prominent Vendors in the market are: BEL, Harris, and Rockwell Collins.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Properties of PLA
      • Table Types of PLA
      • Table Types of manufacturing process for PLA
  • Market landscape
    • Market overview
      • Table Global PLA market
    • Market size and forecast
      • Table Global PLA market 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market 2016-2021
      • Table Global PLA market 2016 and 2021 (kilo metric tons)
      • Table Market forecast: Global PLA market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global PLA market by application
      • Table Global PLA market by application 2016 (% share)
  • Market segmentation by product form
    • Global PLA market by product form
      • Table Global PLA market by product form 2016 (% share)
      • Table Global PLA market by product form 2021 (% share)
    • Global PLA market in films and sheets
      • Table Global PLA market in films and sheets 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in films and sheets 2016-2021
    • Global PLA market in coatings
      • Table Global PLA market in coatings 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in coatings 2016-2021
    • Global PLA market in fibers
      • Table Global PLA market in fibers 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in fibers 2016-2021
    • Global PLA market in others
      • Table Global PLA market in others 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in others 2016-2021
  • Market segmentation by end-user
    • Global PLA market by end-user industry
      • Table Global PLA market by end-user industry 2016 (% share)
      • Table Global PLA market by end-user industry 2021 (% share)
    • Global PLA market in the packaging industry
      • Table Global PLA market in the packaging industry 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in the packaging industry 2016-2021
      • Table Global packaging by end-user market 2015 (% revenue)
    • Global PLA market in the textile industry
      • Table Global PLA market in the textile industry 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in the textile industry 2016-2021
    • Global PLA market in the electronics industry
      • Table Global PLA market in the electronics industry 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in the electronics industry 2016-2021
    • Global PLA market in the other industries
      • Table Global PLA market in the other industries 2016 and 2021 ($ millions)
      • Table Market forecast: Global PLA market in the other industries 2016-2021
  • Geographical segmentation
    • Global PLA market by geography
      • Table Global PLA market by geography 2016 (% share)
      • Table Global PLA market by geography 2021 (% share)
    • PLA market in Europe
      • Table PLA market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: PLA market in Europe 2016-2021
    • PLA market in the Americas
      • Table PLA market in the Americas 2016 and 2021 ($ millions)
      • Table Market forecast: PLA market in the Americas 2016-2021
    • PLA market in APAC
      • Table PLA market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: PLA market in APAC 2016-2021
    • PLA market in ROW
      • Table PLA market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: PLA market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Production of PLA and raw materials used
      • Table List of countries imposing bans, taxes, or charges on plastic bags to reduce environmental problems
    • Market challenges
  • Market trends
    • Increasing use of PLA by automotive manufacturers
    • Demand for sustainable products
    • Increasing use of bioplastics in the manufacture of WPCs and 3D printing
  • Vendor landscape
    • Competitive landscape
    • Key market vendors
      • Table Key market vendors
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segment by revenue 2016 (% share)
      • Table BASF: Geographical segment by revenue 2016 (% share)
    • Corbion
    • NatureWorks
    • Synbra Technology bv
  • Appendix
    • List of abbreviations
  • Explore Technavio

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