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France Polylactic Acid (PLA) Market 2019-2025

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  • February 2020
  • Region: France
  • Orion Market Research Private Limited
  • ID: 5116652
France Polylactic Acid (PLA) Market Size, Share & Trends Analysis Report, By Raw Material (Corn-based PLA, Sugar-based PLA, Cassava-based PLA, and Others), By Application (Packaging, Construction Material, Catering and Tableware, Agricultural Material, Consumer Goods, Electronic Material, Automobile, and Others) and Forecast, 2019-2025.

France Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.8% during the forecast period. France is one of the most technologically advanced and modern countries globally. The GDP of the country in 2016 was $2.7 trillion with a growth rate of 1.2%. The country has widespread application base for PLA polymer. Due to stringent government policies to curb the pollution and pressure from international organizations for eco-friendly and decomposable products for packaging and other applications, demand for PLA polymers has increased substantially. France is trading with many other countries across the globe for PLA polymers as raw material and finished products. France imports PLA polymer from various countries including the Netherlands, Belgium, Germany, the US, UK, and others.

PLA polymers are used in several industries including automobile, agriculture, electronics, packaging and others. The automotive industry is one of the significant application areas for PLA polymers in the form of the air filter and various other interior trim parts. The automobile market in France is showing a considerable growth rate in recent years. France vehicle market has recorded a growth rate of 2.0% in 2018. As per the International Organization of Motor Vehicle Manufacturers (OICA), nearly 2.3 million vehicle production reported in 2018. This, in turn, is contributing to the growth of the market in the country.

The companies in the market include BASF SE, Corbion N.V., Carbios SA, NatureWorks LLC, and DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in January 2020, Carbios SA declared partnership agreement with Novozymes, biological solutions company. This agreement aims to produce Carbios’ proprietary PET-degrading enzymes at both a demonstration level and an industrial scale.

Research Methodology:

The market study of the France PLA market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:
  • Financial reports of companies involved in the market
  • Whitepapers, research-papers, and news blogs
  • Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:
  • France PLA Market Research and Analysis, By Raw Material
  • France PLA Market Research and Analysis, By Application

The Report Covers:
  • Comprehensive Research Methodology of the France PLA market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the France PLA market.
  • Insights about market determinants which are stimulating the France PLA market.
  • Detailed and extensive market segments with regional distribution of forecast revenues.
  • Extensive profiles and recent developments of market players.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Corbion N.V.
  • DuPont de Nemours, Inc.
  • Merck KGaA
  • NatureWorks LLC
  • RTP Co.
  • Toray Industries, Inc.
  • Arkema S.A.
  • Evonik Industries AG
  • Carbios SA