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Polylactic Acid Market Size, Share & Trends Analysis Report By End-use (Packaging, Agriculture, Automotive & Transport, Electronics, Textile), By Region (North America, Asia Pacific), And Segment Forecasts, 2023 - 2030

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    Report

  • 135 Pages
  • May 2023
  • Region: Global
  • Grand View Research
  • ID: 5186217
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The global polylactic acid market size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 21.4% over the forecast period. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.

Moreover, PLA is increasingly being used to manufacture single-use packaging materials that include shopping bags and disposable cutlery, which is likely to boost its demand over the forecast period. PLA is an environmentally friendly alternative to traditional plastics, notably in flexible and rigid packaging applications, as it is bio-based, compostable, and biodegradable. Bioplastics are expected to witness significant growth in their demand in the market. Rising demand for flexible packaging in various countries, including India, Saudi Arabia, China, Japan, and Germany, is further expected to fuel the demand for PLA.

Polylactic Acid Market Report Highlights

  • North America dominated the global market in 2022. The North America regional market is characterized by strong demand for sustainable products
  • The demand for bioplastics in North America is expected to be spurred by initiatives by the U.S. Department of Agriculture to promote eco-friendly products
  • Asia Pacific is expected to grow at the fastest CAGR of 22.2%, in terms of revenue, over the forecast period. The regional market is primarily driven by the growing product demand from key industries including automotive & transportation, electronics, textile, packaging, appliance, and medical
  • Packaging dominated the end-use segment with a revenue share of over 36.0% in 2022. The growing demand for packaged foods, including frozen meals, cake mixes, and snack foods, is expected to increase the requirements for flexible packaging, thereby augmenting the growth of the packaging industry in the coming years
  • In March 2023, Toyota Boshoku Corp. announced a $54.4 million investment in its Jackson metal stamping facility to enhance production. This expansion will result in the emergence of 80 additional employment in Madison County
  • The new plant will add 87,000 square feet to TBTN's current Jackson location, allowing the company to arrange its manufacturing activities while also serving Toyota Boshoku America's subsidiary locations

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information analysis
1.3.2 Market formulation & data visualization
1.3.3 Data validation & publishing
1.4 Research Scope and Assumptions
1.4.1 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot 2022
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Polylactic Acid Market: Variables and Trends
3.1 Market Lineage Outlook
3.1.1 Global Polylactic Acid Market
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.1.1 Lactic Acid
3.3.1.2 Lactide
3.3.2 Regulatory Framework
3.3.2.1 Standard & Compliances
3.3.2.2 U.S. FDA
3.3.3 EU Commission
3.3.4 Regulations for bioplastics in the flexible packaging market
3.3.5 Asia Pacific regulatory framework
3.3.5.1 China
3.3.5.2 India
3.3.5.3 Japan
3.3.5.4 Philippines
3.3.5.5 Australia & New Zealand
3.3.5.6 Safety
3.4 Market Dynamics
3.4.1 Market Driver Impact Analysis
3.4.1.1 Growing demand for bioplastics
3.4.1.2 Growing demand from the flexible packaging industry
3.4.2 Market Restraint Impact Analysis
3.4.2.1 Price Competitiveness
3.5 Industry Analysis Tools
3.5.1 Porter’s analysis
3.5.2 Macroeconomic Analysis
Chapter 4 Polylactic Acid (PLA) Market: Technology Assessment
4.1 Polylactic Acid (PLA) Market-Technology Landscape
4.1.1 Polycondensation
4.1.2 Ring-opening polymerization (ROP)
4.1.3 Comparison of polycondensation & ring-opening polymerization and recommendations (ROP)
4.1.4 Production Technology Overview (C6 Sugar Fermentation)
4.2 Commercial Technology Case Studies
4.2.1 PLAneo Technology Overview (Thyssenkrupp AG)
4.2.1.1 Properties & Application of PLA developed by Planeo Technology
4.2.1.2 Lactic Acid to Polylactic acid fully Integrated process
4.2.1.3 Advantages Of Planeo Technology
4.2.2 PLAnet PLA Technology Overview
4.2.2.1 Properties and Application of PLA developed by Planet Technology
4.2.2.2 Key Equipment for polylactic acid production by Planet Technology
4.2.2.3 Services offered by PLAnet Technology provider
4.2.3 Comparison of PLAneo and Planet Technologies and recommendations
4.3 Potential Technology Partner
4.3.1 Thyssenkrupp AG
4.3.1.1 Company Overview
4.3.1.2 Technology Assessment
4.3.2 Sulzer, Futerro, and TechnipFMC (Joint Venture)
4.3.2.1 Sulzer Ltd
4.3.2.2 Company Overview
4.3.2.3 Futerro
4.3.2.4 Company Overview
4.3.2.5 Technipfmc plc
4.3.2.6 Company Overview
4.3.2.7 Technology Assessment
4.3.2.7.1 TechnipFMC Contact & address
4.3.2.7.2 Futerro Contact & address
4.3.2.7.3 Sulzer Ltd Contact & address
Chapter 5 Polylactic Acid Market: End-Use Estimates & Trend Analysis
5.1 End-Use Movement Analysis & Market Share, 2022 & 2030
5.2 End-Use Movement Analysis & Market Share, 2022 & 2030
5.3 Polylactic Acid Market Estimates & Forecast, By End-Use (Kilotons) (USD Million)
5.3.1 Packaging
5.3.2 Agriculture
5.3.3 Automotive & Transport
5.3.4 Electronics
5.3.5 Textile
5.3.6 Others
Chapter 6 Polylactic Acid Market: Regional Estimates & Trend Analysis
6.1 Polylactic Acid Market: Regional Outlook
6.2 North America
6.2.1 North America Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.2.2 U.S.
6.2.2.1 U.S. Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.2.3 Canada
6.2.3.1 Canada Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.2.4 Mexico
6.2.4.1 Mexico Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3 Europe
6.3.1 Europe Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.2 Germany
6.3.2.1 Germany Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.3 UK
6.3.3.1 UK Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.4 France
6.3.4.1 France Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.5 Italy
6.3.5.1 Italy Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.6 The Netherlands
6.3.6.1 The Netherlands Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.7 Turkey
6.3.7.1 Turkey Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.2 China
6.4.2.1 china Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.3 India
6.4.3.1 india Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.4 Japan
6.4.4.1 japan Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.5 Indonesia
6.4.5.1 Indonesia Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.6 Malaysia
6.4.6.1 Malaysia Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.7 Philippines
6.4.7.1 Philippines Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.5 Central & South America
6.5.1 Central & South America Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.5.2 Brazil
6.5.2.1 Brazil Polylactic Acid market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.6 Middle East & Africa
6.6.1 Middle East & Africa Polylactic Acid Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
Chapter 7 Polylactic Acid Market - Competitive Landscape
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company Categorization
7.3 Participant’s Overview
7.4 Financial Performance
7.5 Product Benchmarking
7.6 Company Heat Map Analysis
7.7 Strategy Mapping
7.7.1 Expansion
7.7.2 Mergers & Acquisition
7.7.3 Collaboration
7.7.4 New Product Launches
7.7.5 Research & Development
7.8 Company Profile
7.8.1 TotalEnergies Corbion bv
7.8.2 NatureWorks LLC
7.8.3 Jiangsu Supla Bioplastics Co., Ltd.
7.8.4 Futerro
7.8.5 COFCO
7.8.6 Jiangxi Keyuan Biopharm Co., Ltd.
7.8.7 Shanghai Tong-jie-liang Biomaterials Co., Ltd.
7.8.8 Zhejiang Hisun Biomaterials Co., Ltd.
List of Tables
Table 1 List of Abbreviations
Table 2 Bioplastics classification
Table 3 Polylactic acid market estimates and Forecast, by packaging, 2018 - 2030 (Kilotons) (USD Million)
Table 4 Polylactic acid market estimates and Forecast, by agriculture, 2018 - 2030 (Kilotons) (USD Million)
Table 5 Polylactic acid market estimates and Forecast, by automotive & transport, 2018 - 2030 (Kilotons) (USD Million)
Table 6 Polylactic acid market estimates and Forecast, by electronics, 2018 - 2030 (Kilotons) (USD Million)
Table 7 Polylactic acid market estimates and Forecast, by textile, 2018 - 2030 (Kilotons) (USD Million)
Table 8 Polylactic acid market estimates and Forecast, by others, 2018 - 2030 (Kilotons) (USD Million)
Table 9 North America Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 10 North America Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 11 North America Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 12 U.S. Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 13 U.S. Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 14 U.S. Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 15 Canada Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 16 Canada Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 17 Canada Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 18 Mexico Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 19 Mexico Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 20 Mexico Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 21 Europe polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 22 Europe polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 23 Europe polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 24 Germany polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 25 Germany polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 26 Germany polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 27 France polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 28 France polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 29 France polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 30 UK polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 31 UK polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 32 UK polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 33 Italy polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 34 Italy polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 35 Italy polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 36 The Netherlands polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 37 The Netherlands polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 38 The Netherlands polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 39 Turkey polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 40 Turkey polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 41 Turkey polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 42 Asia-Pacific Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 43 Asia-Pacific Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 44 Asia-Pacific Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 45 China Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 46 China Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 47 China polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 48 India Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 49 India polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 50 India polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 51 Japan polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 52 Japan Polylactic Acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 53 Japan polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 54 Indonesia polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 55 Indonesia polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 56 Indonesia polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 57 Philippines polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 58 Philippines polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 59 Philippines polylactic acid market estimates and forecasts, by End-use, 2018 - 2030 (USD Million)
Table 60 Malaysia polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 61 Philippines polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 62 Malaysia polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 63 Central & South America polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 64 Central & South America polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 65 Central & South America polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 66 Brazil polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 67 Brazil polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 68 Brazil polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 69 Middle East & Africa polylactic acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 70 Middle East & Africa polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons)
Table 71 Middle East & Africa polylactic acid market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Polylactic Acid Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot 2022
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Polylactic Acid Market, 2022 (USD Million)
Fig. 10 Polylactic acid market: penetration & growth prospect mapping
Fig. 11 Polylactic Acid market - Industry Value Chain Analysis
Fig. 12 Polylactic market dynamics
Fig. 13 Material carbon footprint (kg of CO2 per kg of polymer)
Fig. 14 Polylactic Acid market: PORTER’s Analysis
Fig. 15 Polylactic Acid market: PESTEL Analysis
Fig. 16 Uttar Pradesh sugarcane production (Kilotons) and field area (000 hectares) from 2017 - 2021
Fig. 17 Routes of polylactic acid synthesis from lactic acid
Fig. 18 Polylactic Acid (PLA) Market- Production Process of C6 Sugar Lactic Acid
Fig. 19 Polylactic (PLA) Market- PLAneo Process Flow Diagram
Fig. 20 Polylactic acid (PLA) Market- Integrated Lactic Acid Process (ThyssenKrupp)
Fig. 21 Polylactic acid (PLA) Market- PLAnet Process Flow Diagram
Fig. 22 Polylactic acid (PLA) Market- Key Equipment for PLA Production (PLAnet Technology)
Fig. 23 Polylactic Acid Market, by End-Use: Key Takeaways
Fig. 24 Polylactic Acid Market, by End-Use: Market Share, 2022 & 2030
Fig. 25 Polylactic Acid Market, by End-Use: Market Share, 2022 & 2030
Fig. 26 Packaging market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
Fig. 27 Agriculture market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
Fig. 28 Automotive & Transport market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
Fig. 29 Electronics market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
Fig. 30 Textile Market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
Fig. 31 Others Market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
Fig. 32 Polylactic Acid market revenue, by region, 2022 & 2030, (USD Million)
Fig. 33 Regional marketplace: Key takeaways
Fig. 34 Regional marketplace: Key takeaways
Fig. 35 North America Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 36 U.S. Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 37 Canada Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 38 Mexico Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 39 Europe Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 40 Germany. Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 41 UK Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 42 France Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 43 Italy Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 44 The Netherlands Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 45 Turkey Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 46 Asia Pacific Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 47 China Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 48 India Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 49 Japan Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 50 Indonesia Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 51 Malaysia Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 52 Philippines Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 53 Central & South America Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 54 Brazil. Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 55 Middle East & Africa Polylactic Acid market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
Fig. 56 Key Company Categorization
Fig. 57 Strategic framework

Companies Mentioned

  • TotalEnergies Corbion bv
  • NatureWorks LLC
  • Jiangsu Supla Bioplastics Co., Ltd.
  • Futerro
  • COFCO
  • Jiangxi Keyuan Biopharm Co., Ltd.
  • Shanghai Tong-jie-liang Biomaterials Co., Ltd.
  • Zhejiang Hisun Biomaterials Co., Ltd.

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