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Asia-Pacific Polylactic Acid (PLA) Market Report and Forecast 2025-2034

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    Report

  • 149 Pages
  • February 2025
  • Region: Asia Pacific
  • Expert Market Research
  • ID: 6057478
According to this report, the Asia-Pacific polylactic acid (PLA) market size is projected to grow at a CAGR of 15.2% between 2025 and 2034. Aided by the increasing demand for sustainable packaging solutions and the growing applications of PLA in various industries such as textiles and packaging, the market is expected to grow significantly by 2034.

Polylactic acid (PLA) is a biodegradable thermoplastic derived from renewable sources such as corn starch and sugarcane. It is widely used in packaging, textiles, agriculture, automotive, and biomedical applications due to its eco-friendly nature, high mechanical strength, and excellent thermal stability. As the region shifts towards sustainable materials, PLA is emerging as a key biopolymer, replacing conventional plastics across multiple industries.

Several trends are shaping the Asia-Pacific polylactic acid (PLA) market dynamics. With increasing environmental concerns and stringent regulations on plastic waste, businesses are rapidly adopting PLA-based packaging solutions. The food and beverage sector, in particular, is witnessing heightened demand for PLA packaging due to its compostability and ability to reduce reliance on petroleum-based plastics.

As per the Asia-Pacific polylactic acid (PLA) market analysis, continuous research and development in PLA production technologies are leading to improved mechanical properties and thermal stability. Companies are investing in advanced polymerisation techniques and enhancing PLA’s heat resistance to expand its applicability in various industries.

PLA is gaining prominence in the biomedical field due to its biocompatibility and biodegradability. It is being increasingly used in medical implants, surgical sutures, drug delivery systems, and tissue engineering, supporting growth in the healthcare sector. This is one of the key Asia-Pacific polylactic acid (PLA) market trends.

The fashion industry is shifting towards sustainable alternatives, and PLA-based fabrics are emerging as a viable eco-friendly option. With increasing consumer awareness of environmental impact, the demand for biodegradable textiles is expected to surge in the coming years. Moreover, various governments in the Asia-Pacific region are implementing policies to promote the use of bio-based and biodegradable materials. Subsidies, incentives, and regulations aimed at reducing plastic waste are significantly influencing the adoption of PLA in multiple sectors. This is contributing to the Asia-Pacific polylactic acid (PLA) market development.

Stringent regulations on plastic waste management and consumer preference for eco-friendly products are major drivers boosting PLA adoption in the Asia-Pacific region. Moreover, growing investments in bioplastics production facilities and technological advancements in the manufacturing process are helping scale up PLA production while reducing costs. PLA-based agricultural products such as mulch films, plant pots, and biodegradable nets are gaining traction due to their ability to enhance sustainability and reduce environmental footprint. This is creating a favourable Asia-Pacific polylactic acid (PLA) market outlook.

The automotive sector is integrating PLA in lightweight vehicle components to improve fuel efficiency and sustainability. PLA’s ability to reduce vehicle weight while maintaining structural integrity is contributing to its growing adoption. The rising popularity of 3D printing technologies has driven demand for PLA-based filaments, which are easy to print, biodegradable, and available in various grades for industrial and consumer applications.

The Asia-Pacific polylactic acid (PLA) market value is poised for significant growth, driven by rising environmental awareness, stringent regulations, and expanding applications across multiple industries. The increasing focus on sustainable solutions, advancements in PLA production, and supportive government policies are expected to further accelerate market expansion. As technological innovations continue to enhance the performance of PLA-based products, their adoption is projected to rise, positioning PLA as a vital component in the transition towards a circular and sustainable economy.

Market Segmentation

The market can be divided based on raw material, grade, application, end use, and country.

Market Breakup by Raw Material

  • Sugarcane
  • Corn
  • Cassava
  • Sugar Beet
  • Others

Market Breakup by Grade

  • Thermoforming
  • Injection Moulding
  • Extrusion
  • Blow Moulding
  • Others

Market Breakup by Application

  • Rigid Thermoforms
  • Films and Sheets
  • Bottles
  • Others

Market Breakup by End Use

  • Packaging
  • Consumer Goods
  • Agriculture
  • Textile
  • Biomedical
  • Others

Market Breakup by Country

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia-Pacific polylactic acid (PLA) market. Some of the major players explored in the report are as follows:
  • Unitika Ltd
  • Jiangxi Keyuan Bio-Material Co., Ltd.
  • Jilin COFCO Biomaterial Co., Ltd
  • NatureWorks LLC
  • TotalEnergies SE
  • FUTERRO S.A.
  • BASF SE
  • Fujian Greenjoy Biomaterial Co., Ltd.
  • China BBCA Group
  • Others

Table of Contents

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Polylactic Acid (PLA) Market Overview
5.1 Key Industry Highlights
5.2 Global Polylactic Acid (PLA) Historical Market (2018-2024)
5.3 Global Polylactic Acid (PLA) Market Forecast (2025-2034)
5.4 Global Polylactic Acid (PLA) Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 Asia-Pacific Polylactic Acid (PLA) Market Overview
6.1 Key Industry Highlights
6.2 Asia-Pacific Polylactic Acid (PLA) Historical Market (2018-2024)
6.3 Asia-Pacific Polylactic Acid (PLA) Market Forecast (2025-2034)
7 Asia-Pacific Polylactic Acid (PLA) Market by Raw Material
7.1 Sugarcane
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Corn
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Cassava
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Sugar Beet
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia-Pacific Polylactic Acid (PLA) Market by Grade
8.1 Thermoforming
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Injection Moulding
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Extrusion
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Blow Moulding
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Others
9 Asia-Pacific Polylactic Acid (PLA) Market by Application
9.1 Rigid Thermoforms
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Films and Sheets
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Bottles
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Asia-Pacific Polylactic Acid (PLA) Market by End Use
10.1 Packaging
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Consumer Goods
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Agriculture
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Textile
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Biomedical
10.5.1 Historical Trend (2018-2024)
10.5.2 Forecast Trend (2025-2034)
10.6 Others
11 Asia-Pacific Polylactic Acid (PLA) Market by Country
11.1 China
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Japan
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 India
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 ASEAN
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
11.5 Australia
11.5.1 Historical Trend (2018-2024)
11.5.2 Forecast Trend (2025-2034)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Trade Data Analysis (HS Code - 3977)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
15 Competitive Landscape
15.1 Supplier Selection
15.2 Key Global Players
15.3 Key Regional Players
15.4 Key Player Strategies
15.5 Company Profiles
15.5.1 Unitika Ltd
15.5.1.1 Company Overview
15.5.1.2 Product Portfolio
15.5.1.3 Demographic Reach and Achievements
15.5.1.4 Certifications
15.5.2 Jiangxi Keyuan Bio-Material Co., Ltd.
15.5.2.1 Company Overview
15.5.2.2 Product Portfolio
15.5.2.3 Demographic Reach and Achievements
15.5.2.4 Certifications
15.5.3 Jilin COFCO Biomaterial Co., Ltd
15.5.3.1 Company Overview
15.5.3.2 Product Portfolio
15.5.3.3 Demographic Reach and Achievements
15.5.3.4 Certifications
15.5.4 NatureWorks LLC
15.5.4.1 Company Overview
15.5.4.2 Product Portfolio
15.5.4.3 Demographic Reach and Achievements
15.5.4.4 Certifications
15.5.5 TotalEnergies SE
15.5.5.1 Company Overview
15.5.5.2 Product Portfolio
15.5.5.3 Demographic Reach and Achievements
15.5.5.4 Certifications
15.5.6 FUTERRO S.A.
15.5.6.1 Company Overview
15.5.6.2 Product Portfolio
15.5.6.3 Demographic Reach and Achievements
15.5.6.4 Certifications
15.5.7 BASF SE
15.5.7.1 Company Overview
15.5.7.2 Product Portfolio
15.5.7.3 Demographic Reach and Achievements
15.5.7.4 Certifications
15.5.8 Fujian Greenjoy Biomaterial Co., Ltd.
15.5.8.1 Company Overview
15.5.8.2 Product Portfolio
15.5.8.3 Demographic Reach and Achievements
15.5.8.4 Certifications
15.5.9 China BBCA Group
15.5.9.1 Company Overview
15.5.9.2 Product Portfolio
15.5.9.3 Demographic Reach and Achievements
15.5.9.4 Certifications
15.5.10 Others

Companies Mentioned

  • Unitika Ltd
  • Jiangxi Keyuan Bio-Material Co., Ltd.
  • Jilin COFCO Biomaterial Co., Ltd
  • NatureWorks LLC
  • TotalEnergies SE
  • FUTERRO S.A.
  • BASF SE
  • Fujian Greenjoy Biomaterial Co., Ltd.
  • China BBCA Group

Methodology

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