Home / Chemicals / Polylactic Acid (PLA) Market By Application (Packaging, Catering, Technical Material, Agriculture, Consumer Goods, Construction Materials) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Polylactic Acid (PLA) Market By Application (Packaging, Catering, Technical Material, Agriculture, Consumer Goods, Construction Materials) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Published: Apr 2016 | Report Code: 57764-04-16

Polylactic acid (PLA) is one of the most potential applications of lactic acid. It is a biodegradable lactic acid based polymer. It is the most common bio plastic in use today. It is widely used in packaging application followed by catering and technical material applications.

In 2014, more than 80% of the global polylactic acid were produced by six major manufacturers. Natureworks is one of the largest manufacturers of PLA and accounts for more than 30% share of the market pie.

 

Polylactic Acid Market

Purpose of the Report

The purpose of this strategic research study titled “Global Polylactic Acid Market” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global polylactic acid market.

Target Audience

  • Industry investors
  • Raw material suppliers
  • Distributors
  • Manufacturers
  • Retailers
  • Companies who want to enter the market and companies who want to diversify their product portfolio

USP and Key Offerings

This report analyses the worldwide markets for polylactic acid in USD million & killion tons by the following application types – packaging, catering, technical material, agriculture, consumer goods, construction materials & others. The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific and Rest of World (RoW). Annual estimates and forecasts are provided for the period 2014 through 2022 and market growth rate is calculated from 2015 to 2022. Market data and analytics are derived from primary and secondary research. We have considered demand side approach of the market. Competitive analysis is primarily based on public domain information including company URLs and company annual report.

Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within polylactic acid market
  • Market drivers, market restraints, and their impact on the market growth
  • In-depth competitive analysis of players present in the market
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global polylactic acid market, of growth offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Polylactic Acid Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Drivers
3.4 Restraints
3.5 Opportunities
3.6 Supply Chain
3.7 Porter’s five force analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Degree of competition

Chapter 4 Global Polylactic Acid Market, Application Analysis
4.1 Global Polylactic Acid Market, by application type
4.2 Packaging
4.3 Catering
4.4 Technical Material
4.5 Agriculture
4.6 Consumer goods
4.7 Construction Materials
4.8 Others

Chapter 5 Global Polylactic Acid Market, Regional Analysis
5.1 Global Polylactic Acid Market, regional analysis, (2014 v/s 2022)
5.2 North America
5.3 Europe
5.4 Asia Pacific
5.5 RoW

Chapter 6 Competitive Analysis
6.1 Natureworks Ingeo
6.2 BASF
6.3 Mitsubishi
6.4 Teijin
6.5 Hisun
6.6 Pyramid Technologies
6.7 Synbra
6.8 Uhde Inventa - Fischer
6.9 Henan Piaoan Group Co., Ltd
6.10 Nantong Jiuding Biological Engineering Co.,Ltd
Chapter 7 Conclusion

List of Figures

FIG. 1 Global polylactic acid : Market Segmentation
FIG. 2 Global polylactic acid demand from packaging application, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 3 Global polylactic acid demand from catering application, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 4 Global polylactic acid demand from technical material application, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 5 Global polylactic acid demand from Agriculture application, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 6 Global polylactic acid demand from consumer goods applications, 2014 – 2022, (USD Million), (Kilo tons)
FIG. 7 Global polylactic acid demand from construction materials application, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 8 Global polylactic acid demand from others application, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 9 Global Polylactic Acid Market, regional analysis, (2014 v/s 2022)
FIG. 10 U.S. Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 11 Canada Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 12 Mexico Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 13 Germany Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 14 France Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 15 UK Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 16 Italy Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 17 Russia Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 18 Rest of Europe Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 19 Japan Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 20 China Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 21 India Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 22 Australia Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 23 Rest of Asia Pacific Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 24 Brazil Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)
FIG. 25 Rest of RoW Polylactic Acid Market, 2014 – 2022, (USD Million), (Kilo Tons)

List of Tables

TABLE 1 Market Snapshot: Global Polylactic Acid Market
TABLE 2 North America Polylactic Acid Market, Strategic Snapshot
TABLE 3 North America Polylactic Acid market volume by region, 2014-2022, (Kilo Ton)
TABLE 4 North America Polylactic Acid market revenue by region, 2014-2022, (USD Million)
TABLE 5 North America Polylactic Acid market volume by application type, 2014-2022, (Kilo Tons)
TABLE 6 North America Polylactic Acid market revenue by application type, 2014-2022, (USD Million)
TABLE 7 Europe Polylactic Acid Market, Strategic Snapshot
TABLE 8 Europe Polylactic Acid market volume by region, 2014-2022, (Kilo Ton)
TABLE 9 Europe Polylactic Acid market revenue by region, 2014-2022, (USD Million)
TABLE 10 Europe Polylactic Acid market volume by application type, 2014-2022, (Kilo Tons)
TABLE 11 Europe Polylactic Acid market revenue by application type, 2014-2022, (USD Million)
TABLE 12 Asia Pacific Polylactic Acid Market, Strategic Snapshot
TABLE 13 Asia Pacific Polylactic Acid market volume by region, 2014-2022, (Kilo Ton)
TABLE 14 Asia Pacific Polylactic Acid market revenue by region, 2014-2022, (USD Million)
TABLE 15 Asia Pacific Polylactic Acid market volume by application type, 2014-2022, (Kilo Tons)
TABLE 16 Asia Pacific Polylactic Acid market revenue by application type, 2014-2022, (USD Million)
TABLE 17 RoW Polylactic Acid Market, Strategic Snapshot
TABLE 18 RoW Polylactic Acid market volume by region, 2014-2022, (Kilo Ton)
TABLE 19 RoW Polylactic Acid market revenue by region, 2014-2022, (USD Million)
TABLE 20 RoW Polylactic Acid market volume by application type, 2014-2022, (Kilo Tons)
TABLE 21 RoW Polylactic Acid market revenue by application type, 2014-2022, (USD Million)
TABLE 22 Competitive Analysis

In 2014, demand for polylactic acid is highest from the packaging applications followed by catering applications. These two segment are projected to maintain their dominance over the coming few years. Demand for polylactic acid from new applications such as three- dimensional printing filament are emerging.

 Polylactic Acid Market

Construction application is also one of the prominent application for PLA. Rising environmental concerns, increased awareness about the polylactic acid and rapidly increasing application use of polylactic acid are the factors triggering the market demand.

On the basis of geography, the global polylactic acid market is segmented into following regions,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Brazil
    • Rest of RoW

Europe is the largest market for polylactic acid (PLA), environment awareness and high demand are the major factors driving the market growth. Due to high prices of raw materials the production cost of PLA is high in Europe. Asia Pacific is the fastest growing market for PLA due to availability of raw material and its low cost is one of the major factor triggering the market growth.

 

Polylactic Acid Market

Low awareness and price sensitive consumer are the factors inhibiting the market growth. North America is the second largest market for PLA. Availability of the raw materials such as corn in abundance is the major factor triggering the market growth.  

At present, polylactic acid (PLA) is the most widely used bioplastic. It is considered to be one of the most potential applications of lactic acid. First, corn or other raw materials are fermented to produce lactic acid, and then polymerized take place to manufacture polylactic acid (PLA). Bioplastics are projected to make major contributions to protect the environment, as they reduce CO2 and their biodegradable nature. The range of applications for bioplastics is increasing rapidly, from packaging for foods and cosmetics to materials used in automobile interiors, to agricultural sheeting, to household appliances.

Polylactic acid (PLA) can be manufactured by two ways from lactic acid. In the first method, cyclic lactic acid dimer called lactide as an intermediate stage and the second method includes direct polymerization of lactic acid. In this method, by using the lactide intermediary the polylactic acid (PLA) are produce with greater molecular weight.

Some of the properties of polylactic acid are, it is insoluble in water, moisture and grease resistant. It is compostable and biodegradable. Requires 20% to 50% less fossil fuels to produce than regular plastics. Its physical properties are comparable to polyethylene terephthalate (PET). It possess glossiness and clarity similar to its other plastics counterparts.

At present, in the plastic market, PLA is one of the most prominent options. In 2010, the worldwide demand for polyester was more than 40 million tons. If PLA substitutes only for part of this market, the sales potential for the bioplastic would be immense. The PLA used made from renewable raw materials helps to conserve fossil resources such as oil. In Europe, for instance, more than 1.2 million tons of polyester a year could be replaced by bioplastics over the coming decade. Which would be equal to approximately 5% of the European plastic packaging market.

The market for polylactic acid is witnessing growth on the back of rapidly increasing end use applications along rising awareness in the emerging economies. It offers great potential above all for short-lifespan packaging such as fruit and vegetable trays and yoghurt pots. More than 70% of the PLA packaging material are used in plastic bags packaging and films. However, availability of the raw materials and volatility in their prices is one of the major concern in this market. Emerging wide range of new applications provides huge opportunity for the PLA market.

In 2014, 90% of the polylactic acid used came from six major manufacturers. Natureworks is one of the largest manufacturers of polylactic acid and accounts for more than 20% share of the market pie. Some of the other major players present in this market are Synbra, Pyramid, Teijin, Hisun and Uhde Inventa – Fischer among others.

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