Polylactic Acid (PLA) Market will project a CAGR of 11.6% during the forecast period of 2022 to 2029.
- Global Polylactic Acid (PLA) Market, By Type (Racemic PLLA (Poly-L-Lactic Acid), Regular PLLA (Poly-L-Lactic Acid), PDLA (Poly-D-Lactic Acid), and PDLLA (Poly-Dl-Lactic Acid)), Raw Material (Corn, Cassava, Sugarcane, Sugar Beet, and Others), Form (Films And Sheets, Coatings, Fiber, Others), Application (Packaging, Transport, Agriculture, Medical, Electronics, Textile, Hygiene, Others), End User (Plastic Films, Bottles, Biodegradable Medical Devices) - Trends and forecast to 2029.
- Global Polylactic Acid (PLA) Market was valued at USD 2.77 billion in 2021 and is expected to reach USD 8.041 billion by 2029, registering a CAGR of 12.80% during the forecast period of 2022-2029. “18-32 Years” accounts for the largest age group in the respective market owing to the major influence of social media among individuals. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
- Global polylactic acid (PLA) market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Market Definition
- Increasing demand for biodegradable packaging alternatives from the packaging industry is an important driver for the global polylactic acid (PLA) market. PLA can be an alternative to petroleum-based polymers, and the growing demand for bio-based plastics film in agriculture is expected to boost the growth of the global polylactic acid (PLA) market. The multi-functionalities of PLA and growing consumer inclination towards eco-friendly plastic products are accepted to bring opportunity to the global polylactic acid (PLA) market. However, poor performance issues compared to conventional plastic challenge global polylactic acid (PLA) market growth.
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Polylactic Acid (PLA) Market Segmentation
Global polylactic acid (PLA) market is categorized based on type, raw material, form, application, and end user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Racemic PLLA (Poly-l-lactic acid)
- PDLA (Poly-d-lactic acid)
- Regular PLLA (Poly-l-lactic acid)
- PDLLA (Poly-dl-lactic acid)
- PLA Blends
Based on type, the global polylactic acid (PLA) market is classified into five segments, namely Racemic PLLA (Poly-l-lactic acid), PDLA (Poly-d-lactic acid), Regular PLLA (Poly-l-lactic acid), PDLLA (Poly-dl-lactic acid), and PLA Blends.
Raw Material
- Sugarcane
- Corn
- Cassava
- Sugar Beet
- Others
Based on raw material, the global polylactic acid (PLA) market is classified into sugarcane, corn, cassava, sugar beet, and others.
Form
- Films and Sheets
- Coatings
- Fiber
- Others
Based on the form, the global polylactic acid (PLA) market is classified into films and sheets, coatings, fiber, and others.
Application
- Packaging
- Transport
- Agriculture
- Medical
- Electronics
- Textile
- Hygiene
- Others
Based on application, the global polylactic acid (PLA) market is segmented into packaging, transport, agriculture, medical, electronics, textile, hygiene, and others.
End User
- Plastic Films
- Bottles
- Biodegradable Medical Devices.
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Polylactic Acid (PLA) Market Country Level Analysis
The countries in the global polylactic acid (PLA) market are the U.S., Canada, Mexico, U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, and the Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and Rest of the Middle East and Africa.
The major players covered in the Polylactic Acid (PLA) Market
- BASF SE
- Futerro, NatureWorks LLC,
- TotalEnergies Corbion
- Sulzer Ltd
- Mitsubishi Chemical Corporation
- TORAY INDUSTRIES, INC.,
- Merck KGaA
- Musashino Chemical Laboratory, Ltd.,
- Evonik Industries AG
- Polyvel Inc.
- UNITIKA LTD.
- Jiangxi Academy of Sciences Biological New Materials Co., Ltd
- Shanghai Tong-jie-liang Biomaterials Co., Ltd
- Zhejiang Hisun Biomaterials Co., Ltd.
- Radici Partecipazioni SpA
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Get TOC details from here: https://www.databridgemarketresearch.com/toc/?dbmr=global-polylactic-acid-pla-market
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