Polylactic Acid (PLA) Market Size, Share & Trends Analysis Report By Application (Packaging, Agriculture, Transport), By Region (North America, APAC, Europe, CSA, MEA), And Segment Forecasts, 2019 - 2025

Published: Nov, 2019 | Pages: 113 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global polylactic acid (PLA) market size is expected to reach USD 4.1 billion by 2025, according to a new report by Grand View Research, Inc., registering a revenue-based CAGR of 19.8% during the forecast period. Wide utilization of the product in various industries including packaging, agriculture, transport, electronics, and textiles in emerging economies such as China, India, and Indonesia is a key factor driving industry growth.

PLA is used to produce engineering plastics and microwaveable containers, including food containers and disposable cutlery. Several beneficial properties, such as better aesthetic appeal, good resistance to oil and grease, and better printability, have resulted in significant use of PLA for manufacturing food packaging products.

The transport sector is likely to witness a steady decline in prices of automotive parts on account of increasing use of PLA in car interiors such as dashboards, seats, and bumpers, as it has the ability to reduce weight and increase toughness. The overall rising production of bioplastics and their increasing penetration in various applications in order to reduce greenhouse gases and decrease the dependence on petroleum sources is projected to have a positive impact on the market.

Polylactic acid packaging provides an environment-friendly solution and helps in enhancing the appearance of the final product. It has become an essential part of green packaging of various food products, which will help in improving its growth prospects over the forecast period. Growing usage of bioplastics in flexible packaging is expected to drive the market for polylactic acid.

Further key findings from the report suggest:

• The packaging application dominated the overall PLA market with a volume-based industry share of 36.6% in 2018

• Polylactic acid has a high bio-based content and is biodegradable or compostable in nature. Emerging bioplastic applications, coupled with favorable regulations toward the use of bio-based materials, are expected to give an impetus to the market over the forecast period

• The North America market is expected to be driven by growing demand for bioplastics and addition of new manufacturing facilities. Additionally, the regional market is characterized by high demand for sustainability, which has resulted in a quest for sustainability in packaging as well

• The overall bioplastics demand in North America is also expected to be spurred by initiatives for promoting environment-friendly products by the U.S. Department of Agriculture

• The global industry is characterized by accreditation of the product, mergers and acquisitions, distribution and branding, and product development and innovation to improve the polylactic acid (PLA) market share of manufacturers

• Some of the key companies present in the industry are BASF SE, Danimer Scientific, Futerro, NatureWorks LLC, Synbra Technology BV, Hitachi Ltd., Sulzer Ltd., Zhejiang Hisun Biomaterials Co., Ltd., Thyssenkrupp AG, and Teijin Ltd.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research scope and assumptions
                 1.3 Information Procurement
                     1.3.1 Purchased Database
                     1.3.2 Gvr’s Internal Database
                     1.3.3 Secondary Sources & Third-Party Perspectives
                     1.3.4 Primary Research
                 1.4 Information Analysis
                     1.4.1 Data Analysis Models
                 1.5 Market Formulation & Data Visualization
                 1.6 Data Validation & Publishing
                 1.7 List of Abbreviations
Chapter 2 Executive Summary
                 2.1 Market & Segmental Outlook
                 2.2 Competitive Insights
Chapter 3 Polylactic Acid Market Variables, Trends & Scope
                 3.1 Market Segmentation
                 3.2 Market Definition
                 3.3 Polylactic acid market size & growth prospects, 2014 - 2025
                 3.4 Value Chain Analysis
                     3.4.1 Supplier Outlook
                     3.4.2 Top Producers
                 3.5 Raw Material Trend
                     3.5.1 Comparetive Analysis On Key Raw Materials
                     3.5.2 South-East Asia Analysis On Key Raw Materials
                     3.5.3 Philippines Analysis On Key Raw Materials
                 3.6 Technological landscape
                     3.6.1 Polylactic Acid
                 3.7 Regulatory Framework
                     3.7.1 U.S. FDA
                     3.7.2 Eu Commission
                     3.7.3 Regulations For Bioplastics In The Flexible Packaging Market
                     3.7.4 Asia Pacific Regulatory Framework
                         3.7.4.1 China
                         3.7.4.2 India
                         3.7.4.3 Japan
                         3.7.4.4 Philippines
                         3.7.4.5 Australia & New Zealand
                 3.8 Cost Structure Analysis
                     3.8.1 Direct Cost
                     3.8.2 Indirect Cost
                     3.8.3 Raw Material Cost
                     3.8.4 Labor Cost
                     3.8.5 Utility Cost
                 3.9 Market Dynamics
                     3.9.1 Market Driver Analysis
                         3.9.1.1 Growing Demand For Bioplastics
                         3.9.1.2 Growing Demand For Flexible Packaging Market
                         3.9.1.3 Growing Consumer Preference Towards Green Packaging
                     3.9.2 Market Restraint Impact Analysis
                         3.9.2.1 price competitiveness
                         3.9.2.2 inferior performance compared to conventional plastics
                 3.10 Key Market Opportunities Prioritized
                 3.11 Polylactic acid market - Porter’s analysis
                 3.12 Polylactic acid marke t- PESTEL Analysis
Chapter 4 Polylactic Acid Market: Application Outlook
                 4.1 Application Market Introduction
                 4.2 Polylactic acid market estimates & forecast, by application
                     4.2.1 Packaging
                         4.2.1.1. Polylactic Acid Market Volume & Revenue, In Packaging, 2014 - 2025 (Kilotons) (USD Million)
                     4.2.2 Agriculture
                         4.2.2.1. Polylactic Acid Market Volume & Revenue, In Agriculture, 2014 - 2025 (Kilotons) (USD Million)
                     4.2.3 Trnasport
                         4.2.3.1. Polylactic Acid Market Volume & Revenue, In Transport, 2014 - 2025 (Kilotons) (USD Million)
                     4.2.4 Electronics
                         4.2.4.1 polylactic Acid Market Volume & Revenue, In Electronics, 2014 - 2025 (Kilotons) (USD Million)
                     4.2.5 Textiles
                         4.2.5.1. Polylactic Acid Market Volume & Revenue, In Textiles, 2014 - 2025 (Kilotons) (USD Million)
                     4.2.6 Others
                         4.2.6.1 polylactic Acid Market Volume & Revenue, In Others, 2014 - 2025 (Kilotons) (USD Million)
Chapter 5 Polylactic Acid Market: Regional Outlook
                 5.1 Regional Market Introduction
                 5.2 Polylactic acid market estimates & forecast, by region
                     5.2.1 North America
                         5.2.1.1 market volume & revenue, by application
                         5.2.1.2 U.S.
                             5.2.1.2.1 market volume & revenue, by application
                         5.2.1.3 Canada
                             5.2.1.3.1 market volume & revenue, by application
                         5.2.1.4 Mexico
                             5.2.1.4.1 market volume & revenue, by application
                     5.2.2 Europe
                         5.2.2.1 market volume & revenue, by application
                         5.2.2.2 France
                             5.2.2.2.1 market volume & revenue, by application
                         5.2.2.3 Germany
                             5.2.2.3.1 market volume & revenue, by application
                         5.2.2.4 U.K.
                             5.2.2.4.1 market volume & revenue, by application
                         5.2.2.5 Italy
                             5.2.2.5.1 market volume & revenue, by application
                         5.2.2.6 Netherlands
                             5.2.2.6.1 market volume & revenue, by application
                     5.2.3 Asia Pacific
                             5.2.3.1 market volume & revenue, by application
                         5.2.3.2 China
                             5.2.3.2.1 market volume & revenue, by application
                         5.2.3.3 Japan
                             5.2.3.3.1 market volume & revenue, by application
                         5.2.3.4 India
                             5.2.3.4.1 market volume & revenue, by application
                         5.2.3.5 Indonesia
                             5.2.3.5.1 market volume & revenue, by application
                         5.2.3.6 Malaysia
                             5.2.3.6.1 market volume & revenue, by application
                         5.2.3.7 Philippines
                             5.2.3.7.1 market volume & revenue, by application
                     5.2.4 Central & South America
                         5.2.4.1 market volume & revenue, by application
                         5.2.4.2 Brazil
                             5.2.4.2.1 market volume & revenue, by application
                     5.2.5 Middle East & Africa
                         5.2.5.1 market volume & revenue, by application
Chapter 6 Polylactic Acid: Competitive Analysis
                 6.1 Key global players and recent developments & their impact on the industry
                 6.2 Key Company/Competition Categorization
                 6.3 Vendor Landscape
                     6.3.1 List Of Key Companies In The Polylactic Acid Market, Raw Material Suppliers, Manufacturers And Distributors
                     6.3.2 Key Potential Customers/End-Users
                 6.4 Public Companies
                     6.4.1 Company Market Position Analysis
Chapter 7 Company Profiles
                 7.1 BASF SE
                     7.1.1 Company Overview
                     7.1.2 Financial Performance
                     7.1.3 Product Benchmarking
                     7.1.4 Strategic Initiatives
                 7.2 Futerro
                     7.2.1 Company Overview
                     7.2.2 Financial Performance
                     7.2.3 Product Benchmarking
                 7.3 NatureWorks LLC
                     7.3.1 Company Overview
                     7.3.2 Financial Performance
                     7.3.3 Product Benchmarking
                     7.3.4 Strategic Initiatives
                 7.4 Hitachi Ltd.
                     7.4.1 Company Overview
                     7.4.2 Financial Performance
                     7.4.3 Product Benchmarking
                 7.5 Sulzer Ltd.
                     7.5.1 Company Overview
                     7.5.2 Financial Performance
                     7.5.3 Product Benchmarking
                 7.6 Zheijiang Hisun Biomaterials Co., Ltd.
                     7.6.1 Company Overview
                     7.6.2 Financial Performance
                     7.6.3 Product Benchmarking
                 7.7 Thyssenkrupp AG
                     7.7.1 Company Overview
                     7.7.2 Financial Performance
                     7.7.3 Product Benchmarking
                     7.7.4 Strategic Initiatives
                 7.8 Teijin Ltd.
                     7.8.1 Company Overview
                     7.8.2 Financial Performance
                     7.8.3 Product Benchmarking
                     7.8.4 Strategic Initiatives
                 7.9 Total Corbion PLA
                     7.9.1 Company Overview
                     7.9.2 Financial Performance
                     7.9.3 Product Benchmarking
                     7.9.4 Strategic Initiatives
                 7.10 Synbra Technology BV
                     7.10.1 Company Overview
                     7.10.2 Financial Performance
                     7.10.3 Product Benchmarking
                     7.10.4 Strategic Initiatives

List of Tables

Table 1 List of Abbreviations
Table 2 Total cassava production target, 2015 - 2022
Table 3 Bioplastics classification
Table 4 PESTEL analysis
Table 5 Polylactic acid market volume & revenue, in packaging, 2014 - 2025 (Kilotons) (USD Million)
Table 6 Polylactic acid market volume & revenue, in agriculture, 2014 - 2025 (Kilotons) (USD Million)
Table 7 Polylactic acid market volume & revenue, in transport, 2014 - 2025 (Kilotons) (USD Million)
Table 8 Polylactic acid market volume & revenue, in electronics, 2014 - 2025 (Kilotons) (USD Million)
Table 9 Polylactic acid market volume & revenue, in textiles, 2014 - 2025 (Kilotons) (USD Million)
Table 10 Polylactic acid market volume & revenue, in others, 2014 - 2025 (Kilotons) (USD Million)
Table 11 North America polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 12 North America polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 13 North America polylactic acid market revenue, by application, 2014 - 2025 (USD Million)
Table 14 U.S. polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 15 U.S. polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 16 U.S. polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 17 Canada polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 18 Canada polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 19 Canada polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 20 Mexico polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 21 Mexico polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 22 Mexico polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 23 Europe polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 24 Europe polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 25 Europe polylactic acid market revenue, by application, 2014 - 2025 (USD Million)
Table 26 France polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 27 France polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 28 France polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 29 Germany polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 30 Germany polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 31 Germany polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 32 U.K. polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 33 U.K. polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 34 U.K. polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 35 Italy polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 36 Italy polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 37 Italy polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 38 Netherlands polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 39 Netherlands polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 40 Netherlands polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 41 Asia Pacific polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 42 Asia Pacific polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 43 Asia Pacific polylactic acid market revenue, by application, 2014 - 2025 (USD Million)
Table 44 China polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 45 China polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 46 China polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 47 Japan polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 48 Japan polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 49 Japan polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 50 India polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 51 India polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 52 India polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 53 Indonesia polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 54 Indonesia polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 55 Indonesia polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 56 Malaysia polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 57 Malaysia polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 58 Malaysia polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 59 Philippines polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 60 Philippines polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 61 Philippines polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 62 Central & South America polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 63 Central & South America polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 64 Central & South America polylactic acid market revenue, by application, 2014 - 2025 (USD Million)
Table 65 Brazil polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 66 Brazil polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 67 Brazil polylactic acid market volume, by application, 2014 - 2025 (USD Million)
Table 68 Middle East & Africa polylactic acid market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 69 Middle East & Africa polylactic acid market volume, by application, 2014 - 2025 (Kilotons)
Table 70 Middle East & Africa polylactic acid market revenue, by application, 2014 - 2025 (USD Million)

List of Figures

Fig 1. Information procurement
Fig 2. Primary research pattern
Fig 3. Primary Research Process
Fig 4. Market research approaches - Top-Down Approach
Fig 5. Market research approaches - Combined Approach
Fig 6. Global Polylactic Acid Market Revenue, 2018 (USD Million)
Fig 7. Polylactic Acid Market Segmentation
Fig 8. Polylactic acid market volume and revenue, 2014 - 2025 (Kilotons) (USD Million)
Fig 9. Polylactic acid value chain analysis
Fig 10. Polylactic acid manufacturing process flow
Fig 11. Top global centrifugal sugar production, 2014 - 2018 (1000 Metric Tons, raw material)
Fig 12. Top global centrifugal sugar consumption, 2014 - 2018 (1000 Metric Tons, raw material)
Fig 13. Top global centrifugal sugar exports, 2014 - 2018 (1000 Metric Tons, raw material)
Fig 14. Top global centrifugal sugar imports, 2014 - 2018 (1000 Metric Tons, raw material)
Fig 15. Share of global cassava area, 2018
Fig 16. Share of global cassava production, 2018
Fig 17. Diverse cassava production system in Southeast Asia
Fig 18. Polylactic acid: manufacturing cost
Fig 19. Polylactic acid: overall cost
Fig 20. Polylactic acid market dynamics
Fig 21. Market driver impact
Fig 22. Material carbon footprint (kg of CO2 per 100 kg of resin)
Fig 23. Material carbon footprint (kg of CO2 per 100 kg of resin)
Fig 24. Global flexible packaging market revenue, 2016 to 2025 (USDBillion)
Fig 25. Global top 10 packaging type shares, 2014, (%)
Fig 26. Market restraint impact analysis
Fig 27. Polylactic acid porter's analysis
Fig 28. Polylactic acid market revenue, by application, 2018 & 2025 (USD Million)
Fig 29. Polylactic acid market revenue, by region, 2018 & 2025 (USD Million)