Global Polylactic Acid (PLA) Bioplastic Market Growth 2023-2029
Polylactic Acid (PLA) is a bioplastic generally derived from animal-feed corn that can be used for a myriad of different purposes including cold drink cups, deli and takeout containers, and fresh produce packaging.
LPI (LP Information)' newest research report, the “Polylactic Acid (PLA) Bioplastic Industry Forecast” looks at past sales and reviews total world Polylactic Acid (PLA) Bioplastic sales in 2022, providing a comprehensive analysis by region and market sector of projected Polylactic Acid (PLA) Bioplastic sales for 2023 through 2029. With Polylactic Acid (PLA) Bioplastic 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) Bioplastic industry.
This Insight Report provides a comprehensive analysis of the global Polylactic Acid (PLA) Bioplastic 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) Bioplastic 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) Bioplastic market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polylactic Acid (PLA) Bioplastic 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) Bioplastic.
The global Polylactic Acid (PLA) Bioplastic market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
Polylactic Acid (PLA) industry is a sunrise industry, breakpoint for blooming is coming. However, due to technical barrier and the risk of uncertain breakpoint of downstream demand, the manufacture end has very high concentration with NatureWorks’ accounting for largest share of 76.81% in 2017.
The leading companies, such as NatureWorks, have gained good reputation from customers, Although Chinese manufacturers are enlarging the market share through releasing more capacity, the country is still puzzled by the low-end Polylactic Acid (PLA). It is necessary for Chinese manufacturers to improve their technology to provide high performance products to customers.
As for regions, USA is the largest production base of PLA definitely, followed by China, with 12.05% production market share in 2017. When considering the consumption level, USA is also the largest consumer. In 2017, about 74319 MT PLA was consumed in the region.
The global Polylactic Acid (PLA) market was 560 million US$ in 2018 and is expected to 860 million US$ by the end of 2025, growing at a CAGR of 5.5% between 2019 and 2025.
This report presents a comprehensive overview, market shares, and growth opportunities of Polylactic Acid (PLA) Bioplastic market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Segmentation by application
Food & Beverage Packaging
Electronics & Appliances
Medical & Hygiene
This report also splits the market by region:
Middle East & Africa
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.
Zhejiang Hisun Biomaterials
Key Questions Addressed in this Report
What is the 10-year outlook for the global Polylactic Acid (PLA) Bioplastic market?
What factors are driving Polylactic Acid (PLA) Bioplastic market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polylactic Acid (PLA) Bioplastic market opportunities vary by end market size?
How does Polylactic Acid (PLA) Bioplastic break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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