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Polylactic Acid (PLA) Market By Grades (Thermoforming grade, Injection molding grade, Extrusion grade, Blow molding grade, Others) By Applications (Rigid thermoforms, Films & sheets, Bottles, Others) By End-Use Industries (Packaging, Consumer goods, Agricultural, Textile, Biomedical, Others) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2028

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Published: | Report ID: 9979 | Report Format : PDF

How does the polylactic acid (PLA) market benefit packaging?

Polylactic acid (PLA) is a biodegradable and bio-based aliphatic polyester made from renewable materials such corn, sugarcane, cassava, and sugar beet pulp. In comparison to fossil-based plastics, PLA manufacture has a smaller carbon footprint. PLA is a popular material since it is relatively affordable and has a number of advantageous mechanical properties when compared to other biodegradable polymers. As potential feedstocks, agricultural byproducts, cellulosic materials, and greenhouse gases have all been examined. However, the process is still in its early stages, and agricultural products will continue to be the primary feedstock for starch blends and PLA for the foreseeable future. PLA is a popular material since it is reasonably inexpensive and has various advantageous mechanical qualities when compared to other biodegradable polymers. PLA’s production capacity was roughly 290 thousand tonnes in 2019.

Many countries have prohibited single-use plastics, which has hampered the demand for poly-lactic acid. The primary application for polylactic acid is packaging. According to the European Bioplastics Association, packaging accounted for 59 % of biodegradable plastics produced in 2019. Biodegradable packaging accounts for a small percentage (0.5%) of total plastic packaging manufactured. Flexible packaging uses about 500,000 tonnes of biodegradable polymers. Major companies have made steps or announced intentions to greatly increase the usage of biodegradable plastic in the consumer packaged goods, retail, and restaurant markets. This increases the demand for PLA packaging for fresh produce, food cutlery, and compostable bags. Recent trends and technology solutions in sustainable packaging are available, including edible packaging, a smaller carbon footprint, and trash reduction. Furthermore, it is cost effective for both producers and customers. As a result, the increased need for sustainable packaging is expected to drive the polylactic acid market throughout the forecast period.

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What is the Market Size of Polylactic Acid (PLA) in terms of value?

The global Polylactic Acid (PLA) Market is projected to increase at a significant CAGR of 11.90 % in the coming years. In 2021, the global Polylactic Acid (PLA) market was valued at USD 823.1 million and is projected to reach at the value of USD 1615.97 million by 2028. The demand for Polylactic Acid (PLA) is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD 792.87 million during the forecast period of 2022 and 2028.

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How has the decline in the use of fossil fuels influenced the demand for PLA?

Reduced reliance on emissions from fossil fuels is a potential benefit of polylactic acid. To advance toward a circular economy, it is necessary to decrease dependency on fossil fuels and switch to green carbon. In comparison to their carbon-based equivalents, PLAs have a lower carbon footprint, a lower reliance on fossil fuels, and a higher usage of renewable resources during production.  For instance, the global warming potential (GWP) of PLA is 0.5 kg CO2 eq/kg. This is a reduction of about 75% in carbon footprint compared to other usual fossil-based polymers including PS, PET, PP, and PE.

Interesting Facts about Polylactic Acid (PLA) Industry

  • The increase in demand for PLA in end-use industries like textiles, packaging, and agriculture is primarily responsible for the market’s growth. The packaging sector is thriving as a result of the increased demand for packaged foods, snacks, ready-to-eat (RTE) meals, and other commodities. Over the projection period, it is predicted that PLA demand will increase because to the rapidly expanding packaging industry.
  • Asia Pacific region had a major share in terms of volume as well as value in the global Polylactic Acid (PLA) market in 2021 and is projected to continue its dominance over the forecast period.
  • Microsoft Windows, iOS, and Android are all supported by the Polylactic Acid (PLA). With around 2 billion monthly active Android users vs 1 billion iOS users, the Android OS is expected to be one of the leading consumers of Polylactic Acid (PLA) in the next years.
  • Companies, universities, and associations are collaborating to assess challenges and identify opportunities for Polylactic Acid (PLA) R&D.

Who are the Top 10 Players/Companies in the Polylactic Acid (PLA) market in term of value?

The key players in the global Polylactic Acid (PLA) market in terms of value include NatureWorks LLC (US), Total Corbion PLA (Netherlands), BASF SE (Germany), Futerro (Belgium), COFCO (China), Mitsubishi Chemicals Corporation (Japan), Danimer Scientific (US), UNITIKA LTD.(Japan), Evonik Industries (Germany), and TORAY INDUSTRIES, INC (Japan). These key players are concentrating on new product developments as well as technological innovation to enhance their production in Polylactic Acid (PLA) to gain competitive market share at a global level. For instance, in October 2021, Total Corbion PLA introduced the Luminy rPLA recycled PLA range, which is derived from post-industrial and post-consumer PLA waste. The new product is chemically recycled and has similar properties to the old Luminy PLA product. On the other hand, in April 2021, NatureWorks LLC created the Ingeo 3D700 PLA grade. In addition to reducing warping and print failures, the new material is suited for large-format additive manufacturing. The Ingeo 3D700 is specifically created for 3D printing, with features such as accurate precision, good adherence, decreased warping or curling, and low odour when printing.

Who are the Top 10 Countries in the Polylactic Acid (PLA) Market?

In the global Polylactic Acid (PLA) market, the major countries are US, Canada, China, Japan, Australia, Germany, France, Italy, Spain, and UK. The Unites States market is expected to grow at a significant rate. With a 90.60 % volume share contribution, the U.S. led the regional polylactic acid market of the packaging end-use segment, and it is projected that it would continue to lead over the forecast period. The rapid growth for polylactic acid (PLA) in the packaging industry is one of the significant factors influencing the market growth. The presence of renowned manufacturing companies like Nature Works LLC and Total Corbion PLA is projected to positively impact the market for bio-PLA in the US. For the usage of PLA in a number of medical applications, including screws, stitching materials, and implants, manufacturers are substantially spending in R&D operations. The use of PLA in the manufacture of medical tools and equipment is promoting market expansion. For instance, in November 2021, to produce biodegradable PLA, Danimer Scientific (a US-based company) and Total Corbion PLA worked together. The partnership will enable the development of resin that is specifically designed to satisfy the needs of the customers in terms of the goods’ biodegradability and functionality.

Which is the Key End Use Industries Segment in the Polylactic Acid (PLA) Market?

Rigid thermoforms are expected to be the PLA market’s fastest-growing application segment in terms of value throughout the forecast period. Rigid thermoforming is characterised by an inflexible shape or form. ‘Design for recycling’ initiatives, particularly in packaging applications, can help increase the recovery rate for waste plastics. This can be accomplished by lowering barriers to recycling caused by product design. PLA is increasing market share in the rigid thermoforming area since it is a potentially recyclable material. Paper or fiberboard/paperboard materials are used to make rigid packaging. This sort of packaging is most commonly used in the food and medical industries. It is also used to package personal and natural items. Shipping cartons, bags, boxes, containers, cans, and other holders are common rigid packaging products.

What are the Major Driving Factors for Polylactic Acid (PLA) Market?

The expansion of the market is primarily attributable to the rise in demand for PLA in end-use industries like textiles, packaging, and agriculture. Due to the rising demand for packaged foods, snacks, ready-to-eat (RTE) meals, and other goods, the packaging industry is flourishing. Owing to the rapidly growing packaging industry, it is anticipated that PLA demand would rise over the projection period. Additionally, demand is increased globally because to polylactic acid’s lower carbon emissions when compared to traditional polymers. Additionally, the market is growing due to the rising demand for items with flexible packaging.

What are the Major Restraints for Polylactic Acid (PLA) Market?

As compared to conventional plastic, the high cost of raw materials required for PLA manufacture serves as a significant barrier to the expansion of the global market. With an increase in the cost of raw materials, many end-user industries raise the prices of their products. Thus, the ultimate burden is consumer boredom, which inhibits expansion. The majority of developing countries on the worldwide market cannot afford it due to its expensive price, which limits the market’s expansion. The main reasons for PLA’s sluggish adoption in various industries are its higher R&D and production costs as a result of small-scale production and the substantial price premium over conventional petroleum-based plastics.

Which Region Dominated the World Polylactic Acid (PLA) Market?

In 2021, Asia Pacific is expected to dominate the polylactic acid (PLA) market over the forecast period. People’s lifestyles are continually changing as a result of increased urbanisation. Polylactic acid films are now more frequently used as a high-end product for a range of domestic functions, including packaging, as urban residents have embraced a more contemporary way of life. Polylactic acid (PLA) films are in higher demand in this region as a result of factors like the rise in biodegradable packaging demand, accelerated electronic product manufacturing, increased digital printing, rising food and grocery retail sales, and the expansion of the pharmaceutical industry. These factors are all contributing to the region’s rapid urbanisation. China is one of the biggest manufacturing and production bases in the world as well as the largest economy in the Asia Pacific region. China’s National Bureau of Statistics reports that the country’s food business made a total profit of almost 621 billion yuan in 2020, an increase from roughly 577.5 billion yuan the year before. About 179.1 billion yuan of the overall revenues came from the food industry.

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North America is expected to grow at a significant rate in the Polylactic Acid (PLA) market over the forecast period. The market for bio-PLA in North America is anticipated to benefit from the existence of well-known manufacturing firms like Nature Works LLC and Total Corbion PLA. For instance, to boost the availability of ingeo biopolymer from the Blair manufacturing plant, Nature Works started a number of manufacturing technology projects in September 2020, including new lactide monomer purification technologies. This will increase the supply of entirely ingeo (PLA) biomaterials by 10%.

Segmentation of Global Polylactic Acid (PLA) Market-

Global Polylactic Acid (PLA) Market – By Grades

  • Thermoforming grade
  • Injection molding grade
  • Extrusion grade
  • Blow molding grade
  • Others

Global Polylactic Acid (PLA) Market – By Applications

  • Rigid thermoforms
  • Films & sheets
  • Bottles
  • Others

Global Polylactic Acid (PLA) Market – By End-Use Industries

  • Packaging
  • Consumer goods
  • Agricultural
  • Textile
  • Biomedical
  • Others

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. Research Scope
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
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Polylactic Acid (PLA) Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Polylactic Acid (PLA) Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Grade
3.3.2. Application
3.3.3. End-user
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Polylactic Acid (PLA) Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Thermoforming grade
6.2.3. Injection molding grade
6.2.4. Extrusion grade
6.2.5. Blow molding grade
6.2.6. Others
6.3. North America Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Rigid thermoforms
6.3.3. Films & sheets
6.3.4. Bottles
6.3.5. Others
6.4. North America Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Packaging
6.4.3. Consumer goods
6.4.4. Agricultural
6.4.5. Textile
6.4.6. Biomedical
6.4.7. Other

7. Europe
7.1. Europe Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Thermoforming grade
7.2.3. Injection molding grade
7.2.4. Extrusion grade
7.2.5. Blow molding grade
7.2.6. Others
7.3. Europe Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Rigid thermoforms
7.3.3. Films & sheets
7.3.4. Bottles
7.3.5. Others
7.4. Europe Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Packaging
7.4.3. Consumer goods
7.4.4. Agricultural
7.4.5. Textile
7.4.6. Biomedical
7.4.7. Other

8. Asia Pacific
8.1. Asia Pacific Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Thermoforming grade
8.2.3. Injection molding grade
8.2.4. Extrusion grade
8.2.5. Blow molding grade
8.2.6. Others
8.3. Asia Pacific Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Rigid thermoforms
8.3.3. Films & sheets
8.3.4. Bottles
8.3.5. Others
8.4. Asia Pacific Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Packaging
8.4.3. Consumer goods
8.4.4. Agricultural
8.4.5. Textile
8.4.6. Biomedical
8.4.7. Other

9. Latin America
9.1. Latin America Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Thermoforming grade
9.2.3. Injection molding grade
9.2.4. Extrusion grade
9.2.5. Blow molding grade
9.2.6. Others
9.3. Latin America Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Rigid thermoforms
9.3.3. Films & sheets
9.3.4. Bottles
9.3.5. Others
9.4. Latin America Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Packaging
9.4.3. Consumer goods
9.4.4. Agricultural
9.4.5. Textile
9.4.6. Biomedical
9.4.7. Other

10. Middle East
10.1. Middle East Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Thermoforming grade
10.2.3. Injection molding grade
10.2.4. Extrusion grade
10.2.5. Blow molding grade
10.2.6. Others
10.3. Middle East Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Rigid thermoforms
10.3.3. Films & sheets
10.3.4. Bottles
10.3.5. Others
10.4. Middle East Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Packaging
10.4.3. Consumer goods
10.4.4. Agricultural
10.4.5. Textile
10.4.6. Biomedical
10.4.7. Other

11. Africa
11.1. Africa Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Thermoforming grade
11.2.3. Injection molding grade
11.2.4. Extrusion grade
11.2.5. Blow molding grade
11.2.6. Others
11.3. Africa Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Rigid thermoforms
11.3.3. Films & sheets
11.3.4. Bottles
11.3.5. Others
11.4. Africa Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Packaging
11.4.3. Consumer goods
11.4.4. Agricultural
11.4.5. Textile
11.4.6. Biomedical
11.4.7. Other

12. Global
12.1. Global Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Thermoforming grade
12.1.3. Injection molding grade
12.1.4. Extrusion grade
12.1.5. Blow molding grade
12.1.6. Others
12.2. Global Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Rigid thermoforms
12.2.3. Films & sheets
12.2.4. Bottles
12.2.5. Others
12.3. Global Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Packaging
12.3.3. Consumer goods
12.3.4. Agricultural
12.3.5. Textile
12.3.6. Biomedical
12.3.7. Other

13. Company Profiles
13.1. NatureWorks LLC
13.2. Total Corbion PLA
13.3. BASF SE
13.4. Futerro
13.5. COFCO
13.6. Mitsubishi Chemicals Corporation
13.7. Danimer Scientific
13.8. UNITIKA LTD.
13.9. Evonik Industries
13.10. TORAY INDUSTRIES, INC
13.11. Others

List of Figures 

FIG. 1 Global Polylactic Acid (PLA) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Polylactic Acid (PLA) Market Segmentation
FIG. 4 Global Polylactic Acid (PLA) Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Polylactic Acid (PLA) Market, by Grade, 2019 (US$ Bn)
FIG. 6 Global Polylactic Acid (PLA) Market, by End-user, 2019 (US$ Bn)
FIG. 7 Global Polylactic Acid (PLA) Market, by Application, 2021 (US$ Bn)
FIG. 8 Global Polylactic Acid (PLA) Market, by Geography, 2021 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Positioning of Key Polylactic Acid (PLA) Market Manufacturers, 2019
FIG. 11 Global Polylactic Acid (PLA) Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 12 Global Polylactic Acid (PLA) Market, by Rigid thermoforms, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Polylactic Acid (PLA) Market, by Films & sheets, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Polylactic Acid (PLA) Market, by Bottles, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Polylactic Acid (PLA) Market Value Contribution, By Grade, 2021 & 2028 (Value %)
FIG. 16 Global Polylactic Acid (PLA) Market, by Thermoforming grade, 2016-2028 (US$ Bn)
FIG. 17 Global Polylactic Acid (PLA) Market, by Injection molding grade, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Polylactic Acid (PLA) Market, by Extrusion grade, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Polylactic Acid (PLA) Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Polylactic Acid (PLA) Market Value Contribution, By End-user, 2021 & 2028 (Value %)
FIG. 21 Global Polylactic Acid (PLA) Market, by Packaging, 2016-2028 (US$ Bn)
FIG. 22 Global Polylactic Acid (PLA) Market, by Consumer goods, 2016-2028 (US$ Bn)
FIG. 23 Global Polylactic Acid (PLA) Market, by Agricultural, 2016-2028 (US$ Bn)
FIG. 24 U.S. Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 25 Rest of North America Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 26 U.K. Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 27 Germany Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 28 France Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 29 Italy Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 30 Spain Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 31 Russia Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 32 BENELUX Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 33 Poland Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 34 Austria Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 35 Rest of Europe Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 36 Japan Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 37 China Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 38 India Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 39 South Korea Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 40 Australia Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 41 Southeast Asia Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 42 Rest of Asia Pacific Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 43 Middle East & Africa Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 44 South Africa Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 45 Nigeria Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 46 Egypt Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 47 GCC Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 48 Israel Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 49 Latin America Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 50 Mechanicalzil Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 51 Argentina Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 52 Colombia Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 53 Peru Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)
FIG. 54 Chile Polylactic Acid (PLA) Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Polylactic Acid (PLA) Market
TABLE 2 Global Polylactic Acid (PLA) Market, by Type, 2016-2028 (US$ Bn)
TABLE 3 Global Polylactic Acid (PLA) Market, by Application, 2016-2028 (US$ Bn)
TABLE 4 Global Polylactic Acid (PLA) Market, by Grade, 2016-2028 (US$ Bn)
TABLE 5 Global Polylactic Acid (PLA) Market, by End-user, 2016-2028 (US$ Bn)
TABLE 6 Global Polylactic Acid (PLA) Market, by Geography, 2016-2028 (US$ Bn)
TABLE 7 North America Polylactic Acid (PLA) Market, by Type, 2016-2028 (US$ Bn)
TABLE 8 North America Polylactic Acid (PLA) Market, by Application, 2016-2028 (US$ Bn)
TABLE 9 North America Polylactic Acid (PLA) Market, by Grade, 2016-2028 (
TABLE 10 North America Polylactic Acid (PLA) Market, by End-user, 2016-2028 (US$ Bn)
TABLE 11 North America Polylactic Acid (PLA) Market, by Country, 2016-2028 (US$ Bn)
TABLE 12 Europe Polylactic Acid (PLA) Market, by Type, 2016-2028 (US$ Bn)
TABLE 13 Europe Polylactic Acid (PLA) Market, by Application, 2016-2028 (US$ Bn)
TABLE 14 Europe Polylactic Acid (PLA) Market, by Grade, 2016-2028 (US$ Bn)
TABLE 15 Europe Polylactic Acid (PLA) Market, by End-user, 2016-2028 (US$ Bn)
TABLE 16 Europe Polylactic Acid (PLA) Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Asia Pacific Polylactic Acid (PLA) Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Asia Pacific Polylactic Acid (PLA) Market, by Application, 2016-2028 (US$ Bn)
TABLE 19 Asia Pacific Polylactic Acid (PLA) Market, by Grade, 2016-2028 (US$ Bn)
TABLE 20 Asia Pacific Polylactic Acid (PLA) Market, by End-user, 2016-2028 (US$ Bn)
TABLE 21 Asia Pacific Polylactic Acid (PLA) Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 22 Latin America Polylactic Acid (PLA) Market, by Type, 2016-2028 (US$ Bn)
TABLE 23 Latin America Polylactic Acid (PLA) Market, by Application, 2016-2028 (US$ Bn)
TABLE 24 Latin America Polylactic Acid (PLA) Market, by Grade, 2016-2028 (US$ Bn)
TABLE 25 Latin America Polylactic Acid (PLA) Market, by End-user, 2016-2028 (US$ Bn)
TABLE 26 Latin America Polylactic Acid (PLA) Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 27 Middle East Polylactic Acid (PLA) Market, by Type, 2016-2028 (US$ Bn)
TABLE 28 Middle East Polylactic Acid (PLA) Market, by Application, 2016-2028 (US$ Bn)
TABLE 29 Middle East Polylactic Acid (PLA) Market, by Grade, 2016-2028 (US$ Bn)
TABLE 30 Middle East Polylactic Acid (PLA) Market, by End-user, 2016-2028 (US$ Bn)
TABLE 31 Middle East Polylactic Acid (PLA) Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 32 Africa Polylactic Acid (PLA) Market, by Type, 2016-2028 (US$ Bn)
TABLE 33 Africa Polylactic Acid (PLA) Market, by Application, 2016-2028 (US$ Bn)
TABLE 34 Africa Polylactic Acid (PLA) Market, by Grade, 2016-2028 (US$ Bn)
TABLE 35 Africa Polylactic Acid (PLA) Market, by End-user, 2016-2028 (US$ Bn)
TABLE 36 Africa Polylactic Acid (PLA) Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global Polylactic Acid (PLA) market?

The global Polylactic Acid (PLA) market is expected to be impacted significantly by COVID-19.

Which is the leading market for Polylactic Acid (PLA)?

Asia Pacific accounted for the highest share in the global Polylactic Acid (PLA) market in terms of value.

What are the key drivers for the growth of the Polylactic Acid (PLA) market?

The market’s expansion is mostly due to increased demand for PLA in end-use sectors such as textiles, packaging, and agriculture. The packaging sector is thriving as demand for packaged foods, snacks, ready-to-eat (RTE) meals, and other commodities rises. PLA demand is expected to rise over the forecast period because to the constantly growing packaging industry.

Which is the major grades segment in Polylactic Acid (PLA) Market by drugs by route of Grade?

Thermoforming grade segment had a major share in 2021 with more than 40% of the market revenue share.

Which is the major end use industries segment in Polylactic Acid (PLA) Market by molecule type?

Packaging segment had a major share in 2021 with more than 30% of the market revenue share.

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