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Global Polylactic Acid Market 2019-2028

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    Report

  • 184 Pages
  • July 2020
  • Region: Global
  • Triton Market Research
  • ID: 5121554

MARKET OUTLOOK

According to an analysis by the publisher, the global polylactic acid market is predicted to progress at a CAGR of 11.44% and 13.28% in terms of revenue and volume, respectively, over the projected period 2019-2028.
The increasing government initiatives and favorable policies towards minimizing the use of plastic bags is driving the growth of the global polylactic acid market in the forthcoming period. Also, there is growing concern among the consumers regarding the environmental damage caused due to plastic is also encouraging the government to promote the polylactic acid market. However, the higher costs of PLA, as compared to the traditional options, are hindering the market growth. Also, limited functionality is another major challenge. But, the ever-increasing demand-supply gap in the petroleum products owing to the limited availability is likely to create more business opportunities for the studied market.

REGIONAL OUTLOOK

The global market report covers the countries from North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Asia-Pacific is likely to be the fastest-growing region for the polylactic acid market in the projected period. There is tremendous growth in the automobile industry in countries like India, South Korea and ASEAN countries. The increasing application of polylactic acid in the production process of automobile materials is driving the growth of the regional market growth. Moreover, the rising consumer awareness regarding the environment is also favoring the market growth in Asia-Pacific.

COMPETITIVE OUTLOOK

The major companies in the polylactic acid market are Synbra Holding BV, Mitsubishi Chemical Holding Corporation, Danimer Scientific, Total Corbion PLA, Natureworks LLC, Teijin Limited, Thyssenkrupp AG, Zhejiang Hisun Biomaterials Co Ltd, Innovia Films, Good Natured Products Inc, Green Dot Bioplastics, Dow, Futerro SA and BASF SE.
Total Corbion PLA is a global company in the polylactic acid (PLA) market. It is a joint venture between Total and Corbion corporations. The company provides high heat and standard PLA grades. This is used in different applications, including packaging, fibers, consumer goods and automotive. In 2018, it launched a new production plant in Thailand as a strategic expansion. Luminy is a product provided by the company, which is a high-performance polymer resins, compliant with the requirement of bioplastics.

Table of Contents

1. Global Polylactic Acid Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Packaging is the Largest-Contributing End-User Segment of the Market
2.2.2. Coatings is the Rapidly-Growing Product Form of Pla
2.2.3. Corn is the Extensively-Used Raw Material for Pla Extraction
2.3. Porter's Five Force Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Intensity of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Value Chain Analysis
2.6.1. Raw Material
2.6.2. Production
2.6.3. Retailer/Distributor
2.6.4. End-User
2.7. Key Buying Criteria
2.7.1. Price
2.7.2. Alternatives
2.7.3. Availability
2.7.4. End of Life Effects
2.8. Regulatory Framework
2.9. Market Drivers
2.9.1. Government Support
2.9.2. Growth in Environmental Degradation
2.10. Market Restraints
2.10.1. Higher Cost as Compared to Conventional Options
2.11. Market Opportunities
2.11.1. Widening Demand Supply Gap in Petroleum Products Due to Limited Availability
2.12. Market Challenges
2.12.1. Require Industrial Composting Units
2.12.2. Low Functionality as Compared to Conventional Alternatives
3. Polylactic Acid Market Outlook - by Raw Material
3.1. Corn
3.2. Sugarcane & Sugar Beet
3.3. Cassava
3.4. Other Raw Material
4. Polylactic Acid Market Outlook - by End-User
4.1. Packaging
4.2. Medical
4.3. Textiles
4.4. Agriculture
4.5. Electronics
4.6. Automotive
4.7. Other End-Users
5. Polylactic Acid Market Outlook - by Form
5.1. Fiber
5.2. Films & Sheets
5.3. Coatings
5.4. Other Forms
6. Polylactic Acid Market – Regional Outlook
6.1. North America
6.1.1. Market by Raw Material
6.1.2. Market by End-User
6.1.3. Market by Form
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.2. Canada
6.2. Europe
6.2.1. Market by Raw Material
6.2.2. Market by End-User
6.2.3. Market by Form
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.2. Germany
6.2.4.3. France
6.2.4.4. Spain
6.2.4.5. Italy
6.2.4.6. Russia
6.2.4.7. Rest of Europe
6.3. Asia-Pacific
6.3.1. Market by Raw Material
6.3.2. Market by End-User
6.3.3. Market by Form
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.2. Japan
6.3.4.3. India
6.3.4.4. South Korea
6.3.4.5. Asean Countries
6.3.4.6. Australia & New Zealand
6.3.4.7. Rest of Asia-Pacific
6.4. Latin America
6.4.1. Market by Raw Material
6.4.2. Market by End-User
6.4.3. Market by Form
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.2. Mexico
6.4.4.3. Rest of Latin America
6.5. Middle East and Africa
6.5.1. Market by Raw Material
6.5.2. Market by End-User
6.5.3. Market by Form
6.5.4. Country Analysis
6.5.4.1. The United Arab Emirates
6.5.4.2. Turkey
6.5.4.3. Saudi Arabia
6.5.4.4. South Africa
6.5.4.5. Rest of Middle East & Africa
7. Competitive Landscape
7.1. Natureworks LLC
7.2. BASF
7.3. Mitsubishi Chemical Holding Corporation
7.4. Zhejiang Hisun Biomaterials Co Ltd
7.5. Futerro Sa
7.6. Synbra Holding Bv
7.7. Teijin Limited
7.8. Dow
7.9. Thyssenkrupp AG
7.10. Danimer Scientific
7.11. Green Dot Bioplastics
7.12. Innovia Films
7.13. Good Natured Products Inc
7.14. Total Corbion Pla
8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.1.1. Objectives of Study
8.1.2. Scope of Study
8.2. Sources of Data
8.2.1. Primary Data Sources
8.2.2. Secondary Data Sources
8.3. Research Methodology
8.3.1. Evaluation of Proposed Market
8.3.2. Identification of Data Sources
8.3.3. Assessment of Market Determinants
8.3.4. Data Collection
8.3.5. Data Validation & Analysis
List of Tables
Table 1: Global Polylactic Acid Market, by Geography, 2019-2028 (In $ Million)
Table 2: Global Polylactic Acid Market, by Geography, 2019-2028 (In Kilo Metric Ton)
Table 3: Vendor Scorecard
Table 4: Legal, Policy & Regulatory Framework
Table 5: Global Polylactic Acid Market, by Raw Material, 2019-2028 (In $ Million)
Table 6: Global Polylactic Acid Market, by End-User, 2019-2028 (In $ Million)
Table 7: Global Polylactic Acid Market, by End-User, 2019-2028 (In Kilo Metric Ton)
Table 8: Global Polylactic Acid Market, by Form, 2019-2028 (In $ Million)
Table 9: Global Polylactic Acid Market, by Geography, 2019-2028 (In $ Million)
Table 10: Global Polylactic Acid Market, by Geography, 2019-2028 (In Kilo Metric Ton)
Table 11: North America Polylactic Acid Market, by Country, 2019-2028 (In $ Million)
Table 12: North America Polylactic Acid Market, by Country, 2019-2028 (In Kilo Metric Ton)
Table 13: North America Polylactic Acid Market, by Raw Material, 2019-2028 (In $ Million)
Table 14: North America Polylactic Acid Market, by End-User, 2019-2028 (In $ Million)
Table 15: North America Polylactic Acid Market, by End-User, 2019-2028 (In Kilo Metric Ton)
Table 16: North America Polylactic Acid Market, by Form, 2019-2028 (In $ Million)
Table 17: Europe Polylactic Acid Market, by Country, 2019-2028 (In $ Million)
Table 18: Europe Polylactic Acid Market, by Country, 2019-2028 (In Kilo Metric Ton)
Table 19: Europe Polylactic Acid Market, by Raw Material, 2019-2028 (In $ Million)
Table 20: Europe Polylactic Acid Market, by End-User, 2019-2028 (In $ Million)
Table 21: Europe Polylactic Acid Market, by End-User, 2019-2028 (In Kilo Metric Ton)
Table 22: Europe Polylactic Acid Market, by Form, 2019-2028 (In $ Million)
Table 23: Asia-Pacific Polylactic Acid Market, by Country, 2019-2028 (In $ Million)
Table 24: Asia-Pacific Polylactic Acid Market, by Country, 2019-2028 (In Kilo Metric Ton)
Table 25: Asia-Pacific Polylactic Acid Market, by Raw Material, 2019-2028 (In $ Million)
Table 26: Asia-Pacific Polylactic Acid Market, by End-User, 2019-2028 (In $ Million)
Table 27: Asia-Pacific Polylactic Acid Market, by End-User, 2019-2028 (In Kilo Metric Ton)
Table 28: Asia-Pacific Polylactic Acid Market, by Form, 2019-2028 (In $ Million)
Table 29: Latin America Polylactic Acid Market, by Country, 2019-2028 (In $ Million)
Table 30: Latin America Polylactic Acid Market, by Country, 2019-2028 (In Kilo Metric Ton)
Table 31: Latin America Polylactic Acid Market, by Raw Material, 2019-2028 (In $ Million)
Table 32: Latin America Polylactic Acid Market, by End-User, 2019-2028 (In $ Million)
Table 33: Latin America Polylactic Acid Market, by End-User, 2019-2028 (In Kilo Metric Ton)
Table 34: Latin America Polylactic Acid Market, by Form, 2019-2028 (In $ Million)
Table 35: Middle East and Africa Polylactic Acid Market, by Country, 2019-2028 (In $ Million)
Table 36: Middle East and Africa Polylactic Acid Market, by Country, 2019-2028 (In Kilo Metric Ton)
Table 37: Middle East and Africa Polylactic Acid Market, by Raw Material, 2019-2028 (In $ Million)
Table 38: Middle East and Africa Polylactic Acid Market, by End-User, 2019-2028 (In $ Million)
Table 39: Middle East and Africa Polylactic Acid Market, by End-User, 2019-2028 (In Kilo Metric Ton)
Table 40: Middle East and Africa Polylactic Acid Market, by Form, 2019-2028 (In $ Million)
List of Figures
Figure 1: Global Polylactic Acid Market, by End-User, 2019 & 2028 (In %)
Figure 2: Global Packaging Market, 2019-2028 (In $ Million)
Figure 3: Global Coatings Market, 2019-2028 (In $ Million)
Figure 4: Global Corn Market, 2019-2028 (In $ Million)
Figure 5: Porter's Five Force Analysis
Figure 6: Market Attractiveness Index
Figure 7: Value Chanin Analysis
Figure 8: Key Buying Criteria
Figure 9: Global Polylactic Acid Market, by Corn, 2019-2028 (In $ Million)
Figure 10: Global Polylactic Acid Market, by Sugarcane & Sugar Beet, 2019-2028 (In $ Million)
Figure 11: Global Polylactic Acid Market, by Cassava, 2019-2028 (In $ Million)
Figure 12: Global Polylactic Acid Market, by Other Raw Material, 2019-2028 (In $ Million)
Figure 13: Global Polylactic Acid Market, by Packaging, 2019-2028 (In $ Million)
Figure 14: Global Polylactic Acid Market, by Medical, 2019-2028 (In $ Million)
Figure 15: Global Polylactic Acid Market, by Textiles, 2019-2028 (In $ Million)
Figure 16: Global Polylactic Acid Market, by Agriculture, 2019-2028 (In $ Million)
Figure 17: Global Polylactic Acid Market, by Electronics, 2019-2028 (In $ Million)
Figure 18: Global Polylactic Acid Market, by Automotive, 2019-2028 (In $ Million)
Figure 19: Global Polylactic Acid Market, by Other End-Users, 2019-2028 (In $ Million)
Figure 20: Global Polylactic Acid Market, by Fiber, 2019-2028 (In $ Million)
Figure 21: Global Polylactic Acid Market, by Films & Sheets, 2019-2028 (In $ Million)
Figure 22: Global Polylactic Acid Market, by Coatings, 2019-2028 (In $ Million)
Figure 23: Global Polylactic Acid Market, by Other Forms, 2019-2028 (In $ Million)
Figure 24: Global Polylactic Acid Market, Regional Outlook, 2019 & 2028 (In %)
Figure 25: United States Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 26: Canada Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 27: United Kingdom Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 28: Germany Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 29: France Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 30: Spain Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 31: Italy Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 32: Russia Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 33: Rest of Europe Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 34: China Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 35: Japan Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 36: India Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 37: South Korea Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 38: Asean Countries Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 39: Australia & New Zealand Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 40: Rest of Asia-Pacific Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 41: Brazil Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 42: Mexico Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 43: Rest of Latin America Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 44: the United Arab Emirates Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 45: Turkey Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 46: Saudi Arabia Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 47: South Africa Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 48: Rest of Middle East & Africa Polylactic Acid Market, 2019-2028 (In $ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Natureworks LLC
  • BASF
  • Mitsubishi Chemical Holding Corporation
  • Zhejiang Hisun Biomaterials Co Ltd
  • Futerro Sa
  • Synbra Holding Bv
  • Teijin Limited
  • Dow
  • Thyssenkrupp AG
  • Danimer Scientific
  • Green Dot Bioplastics
  • Innovia Films
  • Good Natured Products Inc
  • Total Corbion PLA

Methodology

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