Latin America Polylactic Acid (PLA) Market Report and Forecast 2025-2034

The Latin America polylactic acid (PLA) market is estimated to grow at a CAGR of 10.20% during 2025-2034.

The rising plastic waste generated by the country is compelling the government to encourage the production and adoption of bioplastics, aiding the Latin America polylactic acid (PLA) market growth. For instance, according to the Blue Keepers project which is part of the United Nations (UN) Global Compact in Brazil, the country discards around 3.44 million tons of plastic bags, bottles, shampoo containers, straws, and polystyrene into the environment annually. Further, Argentinean consumers discards around 12 million plastic bottles daily. Further, less than 25% of these get recycled. The heaps of plastic waste in roadside dumps and landfills make the switching to bioplastics and bio-based plastics sustainable for Latin Americans.

Further, the raw materials for PLA production include corn, cassava, sugar beet, and sugarcane. Brazil is a significant corn producer globally. During 2021-2022, the country produced 116 million metric tons of corn. The shift towards sustainable materials is also becoming a standard in the Mexican packaging sector, with companies widely using plant-based plastics, biodegradable compounds, and recycled paper. Packaging made from cornstarch-based bioplastics is gaining prevalence as an eco-friendly alternative to traditional plastic.

As per the Latin America polylactic acid (PLA) market report, PLA plays a crucial role in the biomedical sector. A variety of PLA blends can be deployed for a variety of biomedical applications such as drug delivery, tissue engineering, implants, and sutures.

Market Segmentation

Latin America Polylactic Acid (PLA) Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.

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 Region:

• Brazil
• Mexico
• Argentina
• Others

Competitive Landscape

The key players in the polylactic acid (PLA) market in Latin America are investing in research to develop advanced PLA products to meet the sustainability requirements of end-use markets.

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