Lactic Acid And Poly Lactic Acid (PLA) Market Analysis By Application (Packaging, Agriculture, Transport, Electronics, Textiles) And Segment Forecasts To 2020

Published: May, 2014 | Pages: 94 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global poly lactic acid (PLA) market is expected to reach USD 2,169.6 million by 2020. The global lactic acid market is expected to reach USD 4,312.2 million by 2020, fueled by growing PLA demand. Increasing bioplastics demand coupled with growing adoption of PLA for packaging products is expected to drive the market over the next six years. Favorable regulatory scenario for environmentally friendly products is also expected to give impetus to the global market over the forecast period.

Increasing crude oil prices are expected to drive PLA demand, since majority of plastics are manufactured using petroleum-based resources. PLA is compostable and environmentally friendly; therefore, it proves ideal for food packaging and other consumer products. Inferior performance of PLA products as compared to conventional plastics may pose a barrier to industry growth over the forecast period. Changing consumer preferences and increasing demand for personal care is expected to enhance lactic acid market penetration in skin care applications used for anti-acne, skin lightening and anti-aging products.

Further key findings from the study suggest:

Global lactic acid demand was 714.2 kilo tons in 2013, which is expected to reach 1,960.1 kilo tons by 2020, growing at a CAGR of 15.5% from 2014 to 2020. Industrial applications are expected to be the largest and fastest growing segment over the forecast period; they accounted for 44.8% of the overall market in 2013, with an estimated CAGR of 19.3% from 2014 to 2020.
Global PLA demand was estimated to be 360.8 kilo tons in 2013, which is expected to reach 1,205.3 kilo tons by 2020, growing at a CAGR of 18.8% from 2014 to 2020. Packaging accounted for 59.6% of the overall PLA market in 2013, and is expected to remain the dominant application segment over the forecast period. Rigid packaging was the largest contributor to overall PLA demand in packaging in 2013. Textiles are expected to be the fastest growing segment, at a CAGR of 17.5% in terms of revenue from 2014 to 2020.
North America is expected to remain the largest market for lactic acid through the forecast period, and was valued at USD 444 million in 2013. Asia Pacific is expected to grow at the fastest rate of 19.5% in terms of revenue from 2014 to 2020. This region is also expected to be the fastest growing market for PLA at an estimated CAGR of 17.9% from 2014 to 2020.
Industry participants include NatureWorks LLC, Purac, Galactic, Pyramid Bioplastics (a collaboration of Pyramid Technologies and German Bioplastics), BASF, Synbra, etc. Companies operating in the market target product innovation as well as strategic alliances for gaining market share.
For the purpose of this study, Grand View Research has segmented the global lactic acid and PLA market on the basis of application and region:

Lactic Acid Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 - 2020)
Industrial
Food & Beverage
Pharmaceuticals
Personal Care
Others
PLA Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 - 2020)
Packaging
Agriculture
Transport
Electronics
Textiles
Others
Lactic Acid and PLA Regional Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 - 2020)
North America
Europe
Asia Pacific
RoW

 Table of Contents


Chapter 1 Executive Summary

                1.1 Lactic Acid and Poly Lactic Acid (PLA) - Industry Summary & Critical Success Factors (CSFs)

Chapter 2 Lactic Acid and PLA Industry Outlook

                2.1 Market Segmentation

                2.2 Market Size and Growth Prospects

                2.3 Value Chain Analysis

                2.4 PLA Market Dynamics

                    2.4.1 Key Driver Analysis

                        2.4.1.1 Increasing demand for bioplastics

                        2.4.1.2 Increasing price of crude oil

                        2.4.1.3 Growing consumer preference towards green packaging

                    2.4.2 Key Restraint Analysis

                        2.4.2.1 Price competitiveness

                        2.4.2.2 Inferior performance compared to conventional plastics

                2.5 Lactic Acid Market Dynamics

                    2.5.1 Key Driver Analysis

                        2.5.1.1 Growing demand from application segment

                    2.5.2 Key Restraint Analysis

                        2.5.2.1 Volatile raw material prices

                2.6 Key Opportunities Prioritized

                2.7 Industry Analysis - Porter's

                2.8 Key Company Analysis, 2013

                2.9 PESTEL Analysis

Chapter 3 Lactic Acid and PLA Application Outlook

                3.1 PLA market volume share by application, 2013 & 2020

                    3.1.1 Packaging

                        3.1.1.1 PLA demand in packaging by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.1.2 Agriculture

                        3.1.2.1 PLA demand in agriculture by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.1.3 Transport

                        3.1.3.1 PLA demand in transport by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.1.4 Electronics

                        3.1.4.1 PLA demand in electronics by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.1.5 Textiles

                        3.1.5.1 PLA demand in textiles by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.1.6 Others

                        3.1.6.1 PLA demand in other applications by region, (Kilo Tons) (USD Million), 2012 - 2020

                3.2 Lactic acid market volume share by application, 2013 & 2020

                    3.2.1 Industrial

                        3.2.1.1 Demand in industrial applications by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.2.2 Food & Beverage

                        3.2.2.1 Demand in food & beverage by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.2.3 Personal Care

                        3.2.3.1 Demand in personal care by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.2.4 Pharmaceuticals

                        3.2.4.1 Demand in pharmaceuticals by region, (Kilo Tons) (USD Million), 2012 - 2020

                    3.2.5 Others

                        3.2.5.1 Demand in other applications by region, (Kilo Tons) (USD Million), 2012 - 2020

Chapter 4 Lactic Acid and PLA Regional Outlook

                4.1 North America

                    4.1.1 North America PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

                    4.1.2 North America lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

                4.2 Europe

                    4.2.1 Europe PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

                    4.2.2 Europe lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

                4.3 Asia Pacific

                    4.3.1 Asia Pacific PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

                    4.3.2 Asia Pacific lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

                4.4 RoW

                    4.4.1 RoW PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

                    4.4.2 RoW lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

Chapter 5 Competitive Landscape

                5.1 BASF

                    5.1.1 Company Overview

                    5.1.2 Financial Performance

                    5.1.3 Product Benchmarking

                    5.1.4 Strategic Initiatives

                5.2 Danimer Scientific LLC

                    5.2.1 Company Overview

                    5.2.2 Financial Performance

                    5.2.3 Product Benchmarking

                    5.2.4 Strategic Initiatives

                5.3 Futerro

                    5.3.1 Company Overview

                    5.3.2 Financial Performance

                    5.3.3 Product Benchmarking

                    5.3.4 Strategic Initiatives

                5.4 Galactic

                    5.4.1 Company Overview

                    5.4.2 Financial Performance

                    5.4.3 Product Benchmarking

                    5.4.4 Strategic Initiatives

                5.5 Henan Jindan Lactic Acid Technology Co. Ltd

                    5.5.1 Company Overview

                    5.5.2 Financial Performance

                    5.5.3 Product Benchmarking

                    5.5.4 Strategic Initiatives

                5.6 Musashino Chemical (China) Co. Ltd

                    5.6.1 Company Overview

                    5.6.2 Financial Performance

                    5.6.3 Product Benchmarking

                    5.6.4 Strategic Initiatives

                5.7 NatureWorks LLC

                    5.7.1 Company Overview

                    5.7.2 Financial Performance

                    5.7.3 Product Benchmarking

                    5.7.4 Strategic Initiatives

                5.8 Purac

                    5.8.1 Company Overview

                    5.8.2 Financial Performance

                    5.8.3 Product Benchmarking

                    5.8.4 Strategic Initiatives

                5.9 Synbra Technology BV

                    5.9.1 Company Overview

                    5.9.2 Financial Performance

                    5.9.3 Product Benchmarking

                    5.9.4 Strategic Initiatives

Chapter 6 Methodology and Scope

                6.1 Research Methodology

                6.2 Research Scope & Assumption

                6.3 List of Data Sources


List of Tables


TABLE 1     Lactic Acid and Poly Lactic Acid (PLA) - Industry Summary & Critical Success Factors (CSFs)    

TABLE 2     Global lactic acid market (Volume & Revenue), 2012 - 2020        

TABLE 3     Global lactic acid market by region, (Kilo Tons), 2012 - 2020      

TABLE 4     Global lactic acid market by region, (USD Million), 2012 - 2020  

TABLE 5     Global lactic acid market by application, (Kilo Tons), 2012 - 2020           

TABLE 6     Global lactic acid market by application (USD Million), 2012 - 2020        

TABLE 7     Global PLA market (Volume & Revenue), 2012 - 2020    

TABLE 8     Global PLA market by region (Kilo Tons), 2012 - 2020   

TABLE 9     Global PLA market by region (USD Million), 2012 - 2020

TABLE 10   Global PLA market by application (Kilo Tons), 2012 - 2020        

TABLE 11   Global PLA market by application (USD Million), 2012 - 2020     

TABLE 12   Bioplastics Classification          

TABLE 13   PLA - Competitive landscape    

TABLE 14   Global PLA demand in packaging (Volume & Revenue), 2012 - 2020       

TABLE 15   Global PLA demand in packaging by region (Kilo Tons), 2012 - 2020      

TABLE 16   Global PLA demand in packaging by region, (USD Million), 2012 - 2020  

TABLE 17   Global PLA demand in agriculture (Volume & Revenue), 2012 - 2020       

TABLE 18   Global PLA demand in agriculture by region (Kilo Tons), 2012 - 2020      

TABLE 19   Global PLA demand in agriculture by region (USD Million), 2012 - 2020  

TABLE 20   Global PLA demand in transport (Volume & Revenue), 2012 - 2020         

TABLE 21   Global PLA demand in transport by region (Kilo Tons), 2012 - 2020        

TABLE 22   Global PLA demand in transport by region (USD Million), 2012 - 2020    

TABLE 23   Global PLA demand in electronics (Volume & Revenue), 2012 - 2020      

TABLE 24   Global PLA demand in electronics by region (Kilo Tons), 2012 - 2020      

TABLE 25   Global PLA demand in electronics by region (USD Million), 2012 - 2020 

TABLE 26   Global PLA demand in textiles (Volume & Revenue), 2012 - 2020

TABLE 27   Global PLA demand in textiles by region (Kilo Tons), 2012 - 2020           

TABLE 28   Global PLA demand in textiles by region (USD Million), 2012 - 2020       

TABLE 29   Global PLA demand in other applications (Volume & Revenue), 2012 - 2020        

TABLE 30   Global PLA demand in other applications by region (Kilo Tons), 2012 - 2020       

TABLE 31   Global PLA demand in other applications by region (USD Million), 2012 - 2020   

TABLE 32   Global lactic acid demand in industrial applications (Volume & Revenue), 2012 - 2020     

TABLE 33   Global lactic acid demand in industrial applications by region (Kilo Tons), 2012 - 2020     

TABLE 34   Global lactic acid demand in industrial applications by region, (USD Million), 2012 - 2020

TABLE 35   Global lactic acid demand in food & beverage (Volume & Revenue), 2012 - 2020

TABLE 36   Global lactic acid demand in food & beverage by region (Kilo Tons), 2012 - 2020

TABLE 37   Global lactic acid demand in food & beverage by region (USD Million), 2012 - 2020       

TABLE 38   Global lactic acid demand in pharmaceuticals (Volume & Revenue), 2012 - 2020  

TABLE 39   Global lactic acid demand in pharmaceuticals by region (Kilo Tons), 2012 - 2020 

TABLE 40   Global lactic acid demand in pharmaceuticals by region (USD Million), 2012 - 2020         

TABLE 41   Global lactic acid demand in personal care (Volume & Revenue), 2012 - 2020      

TABLE 42   Global lactic acid demand in personal care by region (Kilo Tons), 2012 - 2020     

TABLE 43   Global lactic acid demand in personal care by region (USD Million), 2012 - 2020 

TABLE 44   Global lactic acid demand in other applications (Volume & Revenue), 2012 - 2020           

TABLE 45   Global lactic acid demand in other applications by region (Kilo Tons), 2012 - 2020          

TABLE 46   Global lactic acid demand in other applications by region (USD Million), 2012 - 2020      

TABLE 47   North America PLA market by application (Kilo Tons), 2012 - 2020         

TABLE 48   North America PLA market by application (USD Million), 2012 - 2020      

TABLE 49   Europe PLA market by application (Kilo Tons), 2012 - 2020       

TABLE 50   Europe PLA market by application (USD Million), 2012 - 2020    

TABLE 51   Asia Pacific PLA market by application (Kilo Tons), 2012 - 2020

TABLE 52   Asia Pacific PLA market by application (USD Million), 2012 - 2020         

TABLE 53   RoW PLA market by application (Kilo Tons), 2012 - 2020           

TABLE 54   RoW PLA market by application (USD Million), 2012 - 2020       

TABLE 55   North America lactic acid market by application (Kilo Tons), 2012 - 2020

TABLE 56   North America lactic acid market by application (USD Million), 2012 - 2020         

TABLE 57   Europe lactic acid market by application (Kilo Tons), 2012 - 2020           

TABLE 58   Europe lactic acid market by application (USD Million), 2012 - 2020       

TABLE 59   Asia Pacific lactic acid market by application (Kilo Tons), 2012 - 2020    

TABLE 60   Asia Pacific lactic acid market by application (USD Million), 2012 - 2020

TABLE 61   RoW lactic acid market by application (Kilo Tons), 2012 - 2020  

TABLE 62         RoW lactic acid market by application (USD Million), 2012 - 2020


List of Figures

FIG. 1         Lactic Acid and Poly Lactic Acid (PLA) Market Segmentation     

FIG. 2         Global Lactic Acid Market (Volume & Revenue), 2012 - 2020       

FIG. 3         Global PLA Market (Volume & Revenue), 2012 - 2020     

FIG. 4         Value Chain Analysis    

FIG. 5         PURAC's partnership model      

FIG. 6         PLA Market Dynamics  

FIG. 7         WTI crude oil prices, 2008-2012 (USD per barrel)

FIG. 8         Lactic Acid Market Dynamics    

FIG. 9         Lactic Acid - Key Opportunities Prioritized         

FIG. 10       PLA - Key Opportunities Prioritized       

FIG. 11       PLA - Porter's Analysis

FIG. 12       PLA - Company Market Share Analysis, 2013     

FIG. 13       PESTEL Analysis         

FIG. 14       PLA market volume share by application, 2013 & 2020   

FIG. 15       PLA plastics packaging market, by product, 2013          

FIG. 16       Global PLA demand in packaging (Volume & Revenue), 2012 - 2020       

FIG. 17       Global PLA demand in agriculture (Volume & Revenue), 2012 - 2020       

FIG. 18       Global PLA demand in transport (Volume & Revenue), 2012 - 2020         

FIG. 19       Global PLA demand in electronics (Volume & Revenue), 2012 - 2020      

FIG. 20       Global PLA demand in textiles (Volume & Revenue), 2012 - 2020

FIG. 21       Global PLA demand in other applications (Volume & Revenue), 2012 - 2020        

FIG. 22       Lactic acid market volume share by application, 2013 & 2020     

FIG. 23       Global lactic acid demand in industrial applications (Volume & Revenue), 2012 - 2020     

FIG. 24       Global lactic acid demand in food & beverage (Volume & Revenue), 2012 - 2020

FIG. 25       Global lactic acid demand in pharmaceuticals (Volume & Revenue), 2012 - 2020  

FIG. 26       Global lactic acid demand in personal care (Volume & Revenue), 2012 - 2020      

FIG. 27       Global lactic acid demand in other applications (Volume & Revenue), 2012 - 2020           

FIG. 28       PLA market volume share by region, 2013 & 2020          

FIG. 29       North America PLA market by application (Kilo Tons), 2012 - 2020         

FIG. 30       North America PLA market by application (USD Million), 2012 - 2020      

FIG. 31       Europe PLA market by application (Kilo Tons), 2012 - 2020       

FIG. 32       Europe PLA market by application (USD Million), 2012 - 2020    

FIG. 33       Asia Pacific PLA market by application (Kilo Tons), 2012 - 2020

FIG. 34       Asia Pacific PLA market by application (USD Million), 2012 - 2020         

FIG. 35       RoW PLA market by application (Kilo Tons), 2012 - 2020           

FIG. 36       RoW PLA market by application (USD Million), 2012 - 2020       

FIG. 37       Lactic acid market volume share by region, 2013 & 2020

FIG. 38       North America lactic acid market by application (Kilo Tons), 2012 - 2020

FIG. 39       North America lactic acid market by application (USD Million), 2012 - 2020         

FIG. 40       Europe lactic acid market by application (Kilo Tons), 2012 - 2020           

FIG. 41       Europe lactic acid market by application (USD Million), 2012 - 2020       

FIG. 42       Asia Pacific lactic acid market by application (Kilo Tons), 2012 - 2020    

FIG. 43       Asia Pacific lactic acid market by application (USD Million), 2012 - 2020

FIG. 44       RoW lactic acid market by application (Kilo Tons), 2012 - 2020  

FIG. 45       RoW lactic acid market by application (USD Million), 2012 - 2020