Asia-Pacific Polylactic Acid Market, 2024-2030

Polylactic acid or polylactide (PLA) is a thermoplastic aliphatic polyester processed from renewal sources. It is made up of two monomers such as: lactic acid, and the cyclic di-ester, lactide. PLA is also considered as a bio plastic. Due to its tremendous physical and chemical stability it is consumed highly across industries. It has good transparency characteristic.

The Asia polylactic acid market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Asia polylactic acid market is growing at a fast pace and increasing its geographical footprint rapidly. The Asia polylactic acid market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

PLA is being used extensively in various packaging suppliers for food, beverages and other consumer product that have short shelf-life. Additionally due to its versatile characteristics, the material can be used in various high value applications in various end-user industries including textiles, constructions and automotive. Therefore, the production and consumption of the sustainable material is being facilitated by various governments around the world especially in the south region of Asia. Polylactic acid market has witnessed a greater demand over the past five years in the emerging countries of the south Asia. The future of the polylactic acid market looks promising with opportunities in the packaging, bio-medical, textile, agriculture, and electronics end use industries.

The major hindrance in polylactic acid market growth is that it has some physical and processing shortcoming. There are some agricultural fibrous alternative materials are available.

The Asia polylactic acid market has remarkable usage across all major countries in the Asia-Pacific such as China, Japan, India in the industry for FMCG goods. Some of the major players in Asia-Pacific polylactic acid market are Zhejiang Hisun Biomaterials Co., Total Corbion, Pyramid Bioplastic, and so on.

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Hence, the polylactic acid market has been divided based on types and applications. All types of polylactic acid were mapped for different end use sectors in different countries within Asia region. Findings were later integrated for a consolidated report.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations. This allowed a 360 view of the industry dynamic. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Asia polylactic acid industry dynamics
• Estimation of the present Asia polylactic acid market size in terms of value and volume
• Asia polylactic acid market breakup based on type and application
• Substantiated Asia polylactic acid market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Asia polylactic acid industry value chain