Polylactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such as starch and sugar. PLA can be processed through different production lines including injection molding, blow molding, thermoforming or extrusion, and further used to produce various items such as plastic films, bottles, and biodegradable medical devices.
Polylactic Acid (PLA) industry is a sunrise industry, breakpoint for blooming is coming. However, due to technical barrier and the risk of uncertain breakpoint of downstream demand, the manufacture end has very high concentration with NatureWorks’ accounting for largest share of 76.81% in 2017.
The leading companies, such as NatureWorks, have gained good reputation from customers, Although Chinese manufacturers are enlarging the market share through releasing more capacity, the country is still puzzled by the low-end Polylactic Acid (PLA). It is necessary for Chinese manufacturers to improve their technology to provide high performance products to customers.
As for regions, USA is the largest production base of PLA definitely, followed by China, with 12.05% production market share in 2017. When considering the consumption level, USA is also the largest consumer. In 2017, about 74319 MT PLA was consumed in the region.
According to this study, over the next five years the Polylactic Acid (PLA) market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 770 million by 2024, from US$ 560 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Polylactic Acid (PLA) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Polylactic Acid (PLA) market by product type, application, key manufacturers and key regions and countries.
This study considers the Polylactic Acid (PLA) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Poly(L-lactic)acid
Poly(D-lactic)acid
Poly(DL-lactic)acid
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Food & Beverage Packaging
Serviceware
Electronics & Appliances
Medical & Hygiene
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
NatureWorks
Synbra Technology
Teijin
Toray
Futerro
Toyobo
Sulzer
Uhde Inventa-Fischer
Hisun Biomaterials
Shanghai Tongjieliang
Jiuding Biological Engineering
Shenzhen Esun Industrial
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Polylactic Acid (PLA) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Polylactic Acid (PLA) market by identifying its various subsegments.
Focuses on the key global Polylactic Acid (PLA) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Polylactic Acid (PLA) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Polylactic Acid (PLA) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Polylactic Acid (PLA) . Industry analysis & Market Report on Polylactic Acid (PLA) is a syndicated market report, published as Global Polylactic Acid (PLA) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Polylactic Acid (PLA) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.