• Report SKU:SKU: SYNR10014
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The Global Polylactic Acid (PLA) Market is expected to reach $2.56 billion by 2028 growing at a CAGR of 14.2% from 2021 to 2028. Polylactic acid (PLA) material is derived from renewable resources such as corn starch or sugar cane. PLA is relatively cheap with several beneficial mechanical properties compared to other biodegradable polymers, which has made it a popular material. Factors such as rising demand for flexible packaging, increasing need for packaged foods, snacks, and ready-to-eat meals, among others are driving the growth of the market. However, fluctuation in raw material prices is restraining the growth of the market. Based on application, the rigid thermoforms segment is going to have a lucrative growth during the forecast period which can be attributed to as PLA is a potentially recyclable material, it is gaining market share in the rigid thermoforming segment and rigid packaging is made from paper or fiberboard/paperboard materials. This type of packaging is primarily used in the food packaging and medical industries. The key vendors mentioned are Zhejiang Hisun Biomaterials Co., Ltd., Total Corbion PLA, Supla, BBCA Biotech, NatureWorks, Musashino Chemical Laboratory, Ltd., Jiangxi Keyuan Bio-Material Co., Ltd., Shanghai Tong-Jie-Liang Biomaterials Co., Ltd., Futerro, Evonik Industries AG, Dow Inc., COFCO, BASF SE and Sulzer. Raw Materials Covered: • Cassava • Corn • Sugarcane & Sugar Beet Grades Covered: • Blow Molding • Extrusion • Injection Molding • Thermoforming Types Covered: • PDLA (Poly-D-lactic acid) • PDLLA (Poly-DL-lactic acid) • PLLA (Poly-L-lactic acid) Applications Covered: • Rigid Thermoforms • Films and Sheets • Fibre • Coatings • Bottles End Users Covered: • Textiles • Consumer Goods • Automotive & Transport • Electronics • Bio-Medical • Packaging • Agriculture & Horticulture • Industrial • Pharmaceuticals • Other End Users Distribution Channels Covered: • Offline • Online Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2020 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Polylactic Acid (PLA) Market, By Raw Material
5.1 Introduction
5.2 Cassava
5.3 Corn
5.4 Sugarcane & Sugar Beet

6 Global Polylactic Acid (PLA) Market, By Grade
6.1 Introduction
6.2 Blow Molding
6.3 Extrusion
6.4 Injection Molding
6.5 Thermoforming

7 Global Polylactic Acid (PLA) Market, By Type
7.1 Introduction
7.2 PDLA (Poly-D-lactic acid)
7.3 PDLLA (Poly-DL-lactic acid)
7.4 PLLA (Poly-L-lactic acid)

8 Global Polylactic Acid (PLA) Market, By Application
8.1 Introduction
8.2 Rigid Thermoforms
8.3 Films and Sheets
8.4 Fibre
8.5 Coatings
8.6 Bottles

9 Global Polylactic Acid (PLA) Market, By End User
9.1 Introduction
9.2 Textiles
9.3 Consumer Goods
9.4 Automotive & Transport
9.5 Electronics
9.6 Bio-Medical
9.7 Packaging
9.8 Agriculture & Horticulture
9.9 Industrial
9.10 Pharmaceuticals
9.11 Other End Users

10 Global Polylactic Acid (PLA) Market, By Distribution Channel
10.1 Introduction
10.2 Offline
10.3 Online

11 Global Polylactic Acid (PLA) Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa

12 Strategic Benchmarking

13 Vendors Landscape
13.1 Zhejiang Hisun Biomaterials Co., Ltd.
13.2 Total Corbion PLA
13.3 Supla
13.4 BBCA Biotech
13.5 NatureWorks
13.6 Musashino Chemical Laboratory, Ltd.
13.7 Jiangxi Keyuan Bio-Material Co., Ltd.
13.8 Shanghai Tong-Jie-Liang Biomaterials Co., Ltd.
13.9 Futerro
13.10 Evonik Industries AG
13.11 Dow Inc.
13.12 COFCO
13.13 BASF SE
13.14 Sulzer

List of Data Tables
1 Global Polylactic Acid (PLA) Market Outlook, By Region (2020-2028) ($MN)
2 Global Polylactic Acid (PLA) Market Outlook, By Raw Material (2020-2028) ($MN)
3 Global Polylactic Acid (PLA) Market Outlook, By Sugarcane & Sugar Beet (2020-2028) ($MN)
4 Global Polylactic Acid (PLA) Market Outlook, By Corn (2020-2028) ($MN)
5 Global Polylactic Acid (PLA) Market Outlook, By Cassava (2020-2028) ($MN)
6 Global Polylactic Acid (PLA) Market Outlook, By Grade (2020-2028) ($MN)
7 Global Polylactic Acid (PLA) Market Outlook, By Thermoforming (2020-2028) ($MN)
8 Global Polylactic Acid (PLA) Market Outlook, By Injection Molding (2020-2028) ($MN)
9 Global Polylactic Acid (PLA) Market Outlook, By Extrusion (2020-2028) ($MN)
10 Global Polylactic Acid (PLA) Market Outlook, By Blow Molding   (2020-2028) ($MN)
11 Global Polylactic Acid (PLA) Market Outlook, By Type (2020-2028) ($MN)
12 Global Polylactic Acid (PLA) Market Outlook, By PDLA (Poly-D-lactic acid) (2020-2028) ($MN)
13 Global Polylactic Acid (PLA) Market Outlook, By PLLA (Poly-L-lactic acid) (2020-2028) ($MN)
14 Global Polylactic Acid (PLA) Market Outlook, By PDLLA (Poly-DL-lactic acid) (2020-2028) ($MN)
15 Global Polylactic Acid (PLA) Market Outlook, By Application (2020-2028) ($MN)
16 Global Polylactic Acid (PLA) Market Outlook, By Bottles (2020-2028) ($MN)
17 Global Polylactic Acid (PLA) Market Outlook, By Coatings (2020-2028) ($MN)
18 Global Polylactic Acid (PLA) Market Outlook, By Fibre (2020-2028) ($MN)
19 Global Polylactic Acid (PLA) Market Outlook, By Films and Sheets (2020-2028) ($MN)
20 Global Polylactic Acid (PLA) Market Outlook, By Rigid Thermoforms  (2020-2028) ($MN)
21 Global Polylactic Acid (PLA) Market Outlook, By End User (2020-2028) ($MN)
22 Global Polylactic Acid (PLA) Market Outlook, By Textiles (2020-2028) ($MN)
23 Global Polylactic Acid (PLA) Market Outlook, By Consumer Goods (2020-2028) ($MN)
24 Global Polylactic Acid (PLA) Market Outlook, By Automotive & Transport (2020-2028) ($MN)
25 Global Polylactic Acid (PLA) Market Outlook, By Electronics (2020-2028) ($MN)
26 Global Polylactic Acid (PLA) Market Outlook, By Bio-Medical(2020-2028) ($MN)
27 Global Polylactic Acid (PLA) Market Outlook, By Packaging (2020-2028) ($MN)
28 Global Polylactic Acid (PLA) Market Outlook, By Agriculture & Horticulture (2020-2028) ($MN)
29 Global Polylactic Acid (PLA) Market Outlook, By Industrial (2020-2028) ($MN)
30 Global Polylactic Acid (PLA) Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
31 Global Polylactic Acid (PLA) Market Outlook, By Other End Users (2020-2028) ($MN)
32 Global Polylactic Acid (PLA) Market Outlook, By Distribution Channel (2020-2028) ($MN)
33 Global Polylactic Acid (PLA) Market Outlook, By Offline (2020-2028) ($MN)
34 Global Polylactic Acid (PLA) Market Outlook, By Online (2020-2028) ($MN)
35 North America Polylactic Acid (PLA) Market Outlook, By Raw Material (2020-2028) ($MN)
36 North America Polylactic Acid (PLA) Market Outlook, By Grade (2020-2028) ($MN)
37 North America Polylactic Acid (PLA) Market Outlook, By Type (2020-2028) ($MN)
38 North America Polylactic Acid (PLA) Market Outlook, By Application (2020-2028) ($MN)
39 North America Polylactic Acid (PLA) Market Outlook, By End User (2020-2028) ($MN)
40 North America Polylactic Acid (PLA) Market Outlook, By Distribution Channel (2020-2028) ($MN)
41 Europe Polylactic Acid (PLA) Market Outlook, By Raw Material (2020-2028) ($MN)
42 Europe Polylactic Acid (PLA) Market Outlook, By Grade (2020-2028) ($MN)
43 Europe Polylactic Acid (PLA) Market Outlook, By Type (2020-2028) ($MN)
44 Europe Polylactic Acid (PLA) Market Outlook, By Application (2020-2028) ($MN)
45 Europe Polylactic Acid (PLA) Market Outlook, By End User (2020-2028) ($MN)
46 Europe Polylactic Acid (PLA) Market Outlook, By Distribution Channel (2020-2028) ($MN)
47 Asia Pacific Polylactic Acid (PLA) Market Outlook, By Raw Material (2020-2028) ($MN)
48 Asia Pacific Polylactic Acid (PLA) Market Outlook, By Grade (2020-2028) ($MN)
49 Asia Pacific Polylactic Acid (PLA) Market Outlook, By Type (2020-2028) ($MN)
50 Asia Pacific Polylactic Acid (PLA) Market Outlook, By Application (2020-2028) ($MN)
51 Asia Pacific Polylactic Acid (PLA) Market Outlook, By End User (2020-2028) ($MN)
52 Asia Pacific Polylactic Acid (PLA) Market Outlook, By Distribution Channel (2020-2028) ($MN)
53 South America Polylactic Acid (PLA) Market Outlook, By Raw Material (2020-2028) ($MN)
54 South America Polylactic Acid (PLA) Market Outlook, By Grade (2020-2028) ($MN)
55 South America Polylactic Acid (PLA) Market Outlook, By Type (2020-2028) ($MN)
56 South America Polylactic Acid (PLA) Market Outlook, By Application (2020-2028) ($MN)
57 South America Polylactic Acid (PLA) Market Outlook, By End User (2020-2028) ($MN)
58 South America Polylactic Acid (PLA) Market Outlook, By Distribution Channel (2020-2028) ($MN)
59 Middle East & Africa Polylactic Acid (PLA) Market Outlook, By Raw Material (2020-2028) ($MN)
60 Middle East & Africa Polylactic Acid (PLA) Market Outlook, By Grade (2020-2028) ($MN)
61 Middle East & Africa Polylactic Acid (PLA) Market Outlook, By Type (2020-2028) ($MN)
62 Middle East & Africa Polylactic Acid (PLA) Market Outlook, By Application (2020-2028) ($MN)
63 Middle East & Africa Polylactic Acid (PLA) Market Outlook, By End User (2020-2028) ($MN)
64 Middle East & Africa Polylactic Acid (PLA) Market Outlook, By Distribution Channel (2020-2028) ($MN)