Increasing consumer awareness, government incentives and easy availability of raw materials are the major factors driving market growth. However, the cost of PLA is comparatively higher than synthetic plastics, thus becoming a primary restraining factor for the market growth.
The global PLA market has been segmented based on applications as packaging, agriculture, electronics, textiles, bio-medical and others. In 2014, packaging application garners the highest share of 65.2% in the in global PLA market. This is principally due to the unique mechanical, thermal and barrier properties of PLA, which makes it a suitable material for packaging applications. Based on geography, the global polylactic acid market has been segmented into North America, Europe, Asia-Pacific and LAMEA regions. North America is the largest producer and consumer of PLA and accounted for about 49.6% of the global consumption in 2014. The North American region would continue to lead the market owing to large production capacity, feedstock abundancy, supportive legal framework, and rising consumer awareness for sustainability. However, the Asia Pacific market would grow at the highest rate due to upcoming production facilities in China and Thailand coupled with growing adoption of PLA in China, Thailand, Japan, South Korea and Taiwan.
The leading market players profiled in this report includes NatureWorks LLC, Synbra, Corbion Purac, Hisun Biomaterials, Nantong Jiuding Biological Engineering Co. Ltd, Chongqing bofei biochemical products co., ltd. and Futerro.
KEY MARKET BENEFITS:
- The study provides an in-depth market analysis with current and future trends to elucidate the imminent investment pockets in the market.
- Quantitative analysis of the current market and estimations during 2014-2020 (Volume and Revenue) are provided to highlight the financial caliber of the market.
- Drivers and restraints are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the market potential.
- Porter’s five forces model of the industry illustrates the potency of the buyers and suppliers participating in the market.
- Value chain analysis in the report provides a clear understanding on the stakeholders involved in the market.
- Geographical analysis provides a detailed understanding on the market scenario across key regions.
KEY MARKET SEGMENTS:
World Polylatic acid (PLA) market is segmented based on its applications and geography.
MARKET BY APPLICATION
MARKET BY GEOGRAPHY
- North America
- Rest of APAC
1.1 Report description
1.2 Key market benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO perspective
2.2 Market beyond: what to expect by 2025
2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Critical growth scenario
Chapter:3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Why use PLA-based packaging?
3.3 Ban/restrictions on plastic bags creating market opportunities for PLA market
3.4.1 South Africa
3.5.5 Hong Kong
3.5.6 New Zealand
3.6 Europe and Middle East
3.6.4 United Kingdom
3.7 The Americas
3.7.3 United States of America
3.8 Top factors impacting the PLA market
3.9 Top investment pockets
3.10 Porters five force analysis
3.10.1 Large customer base and high forward integration strategy lead to high bargaining power of suppliers
3.10.2 The presence of potential substitute products and low switching cost lead to high bargaining power of buyers
3.10.3 Threat of new entrants is low owing to the complex distribution channels and dependence of profitability on economies of scale
3.10.4 Threat of substitute is high due to the presence of other potential biodegradable plastics and low-cost conventional plastics in the market
3.10.5 Presence of few competitors and rapid industry growth rate cause moderate competitive rivalry in the market
3.11 Value chain analysis
3.12.1 Increasing environmental awareness
3.12.2 Government incentives
3.12.3 Unique physical properties
3.12.4 Easy availability of raw materials
3.13.1 Need for industrial composting units
3.13.2 Agricultural fiber alternatives
3.13.3 High cost of raw materials
3.14.1 Blending of PLA with other materials
3.14.2 Production of PLA from second-generation biomass
3.14.3 Rising adoption of PLA among end user industries
Chapter:4 WORLD PLA MARKET, BY APPLICATIONS
4.1.1 Market size and forecast
4.2.1 Market size and forecast
4.3 Textile (woven & non-woven)
4.3.1 Market size and forecast
4.4.1 Market size and forecast
4.5.1 Market size and forecast
4.6.1 Market size and forecast
4.7.1 Market size and forecast
Chapter:5 WORLF PLA PRODUCTION & RAW MATERIALS
Chapter:6 WORLD PLA MARKET, BY GEOGRAPHY, 2014-2020
6.1 Market size and forecast
6.2 North America
6.2.1 Market size and forecast
6.3.1 Market size and forecast
6.4.1 Market size and forecast
220.127.116.11 Market size and forecast
18.104.22.168 Market size and forecast
22.214.171.124 Market size and forecast
6.4.5 Rest of Asia-Pacific
126.96.36.199 Market size and forecast
6.5.1 Market size and forecast
Chapter:7 COMPANY PROFILES
7.1 NatureWorks LLC
7.1.1 Company overview
7.1.2 Business performance
7.1.3 Strategic moves and developments
7.1.4 SWOT analysis of NatureWorks LLC
7.2 Corbion Purac
7.2.1 Company overview
7.2.2 Business performance
7.2.3 Strategic moves and developments
7.2.4 SWOT analysis of Corbion Purac
7.3 Hisun Biomaterials
7.3.1 Company overview
7.3.2 Strategic moves and developments
7.3.3 SWOT analysis of Hisun Biomaterials
7.4 Synbra Technology bv
7.4.1 Company Overview
7.5 Nantong Jiuding Biological Engineering Co. Ltd.
7.5.1 Company overview
7.6 Chongqing Bofei Biochemical Products co., Ltd.
7.6.1 Company overview
7.7.1 Company overview
List of Tables
Table 1 World Pla Market Volume, By Geography, 2014-2020, (Kilo Ton)
Table 2 World Pla Market Revenue, By Geography, 2014-2020, ($ Million)
Table 3 World Pla Market Moderate Growth Scenario Volume, By Geography, 2020-2025 (Kilo Ton)
Table 4 World Pla Market Moderate Growth Scenario Value, By Geography, 2020-2025 ($Million)
Table 5 World Pla Market Rapid Growth Scenario Volume, By Geography, 2020-2025 (Kilo Ton)
Table 6 World Pla Market Rapid Growth Scenario Value, By Geography, 2020 2025 ($Million)
Table 7 World Pla Market Critical Growth Scenario Volume, By Geography, 2020-2025 (Kilo Ton)
Table 8 World Pla Market Critical Growth Scenario Value, By Geography, 2020-2025 ($Million)
Table 9 World Polylactic Acid Market, By Application, Volume (Kilo Ton), 20142020
Table 10 World Polylactic Acid Market, By Application, Revenue($Million), 20142020
Table 11 World Polylactic Acid Packaging Application Market, By Volume (Kilo Ton), 2020-2025
Table 12 World Polylactic Acid Packaging Application Market, By Revenue ($ Million), 2020-2025
Table 13 World Polylactic Acid Textile Application Market, By Volume (Kilo Ton), 2020-2025
Table 14 World Polylactic Acid Textile Application Market, By Revenue ($ Million), 2020-2025
Table 15 World Polylactic Acid Agricultural Application Market, By Volume (Kilo Ton), 2020-2025
Table 16 World Polylactic Acid Agricultural Application Market, By Revenue ($ Million), 2020-2025
Table 17 World Polylactic Acid Bio-Medical Application Market, By Volume (Kilo Ton), 2020-2025
Table 18 World Polylactic Acid Biomedical Application Market, By Revenue ($ Million), 2020-2025
Table 19 World Polylactic Acid Electronics Application Market, By Volume (Kilo Ton), 2020-2025
Table 20 World Polylactic Acid Electronics Application Market, By Revenue ($ Million), 2020-2025
Table 21 World Polylactic Acid Other Application Market, By Volume (Kilo Ton), 2020-2025
Table 22 World Polylactic Acid Other Application Market, By Revenue ($ Million), 2020-2025
Table 23 World Polylactic Acid Market, By Geography, Volume (Kilo Ton), 2014-2020
Table 24 World Polylactic Acid Market, By Geography, Revenue($Million), 2014-2020
Table 25 North America Polylactic Acid Market Volume, By Application (Kilo Ton), 2020-2025
Table 26 North America Polylactic Acid Market Revenue, By Application ($ Million), 2020-2025
Table 27 Europe Polylactic Acid Market Volume, By Application (Kilo Ton), 2020-2025
Table 28 Europe Polylactic Acid Market Revenue, By Application ($ Million), 2020-2025
Table 29 Asia Pacific Polylactic Acid Market Volume, By Application (Kilo Ton), 2020-2025
Table 30 Asia Pacific Polylactic Acid Market Revenue, By Application ($ Million), 2020-2025
Table 31 China Pla Market Volume (Kilo Ton) And Revenue ($ Million), 2014-2020
Table 32 Japan Pla Market Volume (Kilo Ton) And Revenue ($ Million), 2014-2020
Table 33 Thailand Pla Market Volume (Kilo Ton) And Revenue ($ Million), 2014-2020
Table 34 Rest Of Apac Pla Market Volume (Kilo Ton) And Revenue ($ Million), 2014-2020
Table 35 Lamea Polylactic Acid Market Volume, By Application (Kilo Ton), 2014-2020
Table 36 Asia Pacific Polylactic Acid Market Revenue, By Application ($ Million), 2014-2020
List of Figures
Fig. 1 Top Impacting Factors, Moderate Growth Scenario (2020 - 2025)
Fig. 2 Top Impacting Factors, Rapid Growth Scenario (2020 - 2025)
Fig. 3 Top Impacting Factors, Diminishing Growth Scenario (2020 - 2025)
Fig. 4 Top Factors Impacting World Pla Market
Fig. 5 Top Investment Pocket in Pla Market
Fig. 6 Porters Five Force Analysis Of World Pla Market
Fig. 7 Value Chain Analysis
Fig. 8 Swot Analysis Of Natureworks Llc
Fig. 9 Corbion Purac Annual Net Sales, $ Million
Fig. 10 Corbion Purac Net Sales, By Geography-2014
Fig. 11 Swot Analysis Of Corbion Purac
Fig. 12 Swot Analysis Of Hisun Biomaterials
Polylactic acid (PLA) is a biodegradable and compostable thermoplastic produced from fermentable sugar available in various renewable sources, such as corn starch, sugarcane, tapioca roots and wheat. Easy availability of low cost raw material would drive the market growth. Furthermore, increasing popularity of newer applications (like coated cellophane, agricultural mulching, non-woven fibers, and active packaging among others) across various end user industries such as food and beverage packaging, agriculture, electronics, textiles, Bio medical and others would open new growth avenues in the world polylactic acid market. However, factors such as high production cost, need for industrial composting, popularity of competing alternatives for renewable packaging such as Bio- PE, PHA, and Bio-PET would impede the PLA market growth.
Packaging is the most prominent end use and accounted for about half of the PLA revenues in 2014. The eco-friendly properties of PLA based material and its great potential for short-lifespan packaging majorly supplements the uptake of polylactic acid. Governments imposing ban on conventional fossil fuel-based plastic bags and providing incentives for bio-based PLA production are also providing additional growth thrusts.
Key findings of the study:
- Bio-medical application segment would register the highest CAGR of 22.4%, in terms of volume, from 2015-2020.
- In terms of revenue, Asia Pacific market is expected to resister the highest CAGR during the forecast period
- China is projected to be one of the most lucrative markets in the Asia Pacific region during 2014-2020.
- The North America consumed about half of the total PLA production in 2014 and would continue to have increased consumption over the forecast period with over 85% of the PLA production facilities currently located in North America. Europe is estimated to be the second largest market in terms of consumption largely due to supportive legal framework and consumer awareness towards sustainability.
The major players in the market are adopting expansion as the most preferred strategic approach to penetrate into untapped markets. The report provides a comprehensive analysis of the key companies operating in the market such as NatureWorks LLC, Synbra Technology BV, Corbion Purac, Zhejiang Hisun Biomaterials Co., Ltd, Nantong Jiuding Biological Engineering Co., Ltd, Chongqing Bofei Biochemical Products Co.,Ltd., and Futerro among others.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.