Latin America Polylactic Acid Market Size & Outlook
- Plastics Polymers & Resins
- Bio-Based Plastics
- Polylactic Acid Market Outlook
- Bio-Based Plastics
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Latin America polylactic acid market highlights
- The Latin America polylactic acid market generated a revenue of USD 97.5 million in 2025.
- The market is expected to grow at a CAGR of 12.6% from 2026 to 2033.
- In terms of segment, corn starch was the largest revenue generating raw material in 2025.
- Sugarcane is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 97.5 million |
| Market revenue in 2033 | USD 265.8 million |
| Growth rate | 12.6% (CAGR from 2026 to 2033) |
| Largest segment | Corn starch |
| Fastest growing segment | Sugarcane |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Corn starch, Sugarcane, Cassava, Other Raw Materials |
| Key market players worldwide | TotalEnergies SE, Cargill, Virgin Galactic Holdings Inc Shs A, COFCO Joycome Foods Ltd Ordinary Shares, Zhejiang Haishen New Materials, Basf SE, Danimer Scientific Inc Ordinary Shares - Class A, Mitsubishi Chemical Group Corp, Unitika Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global polylactic acid market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,550.3 million by 2033.
Increasing demand for PLA in packaging, textile, medical, and other end-use is fueling the market growth in the region. The presence of major agricultural countries in the region, such as Brazil, Argentina, Chile, and others, is anticipated to create a demand for PLA over the forecast period.
Rising coronavirus cases in Brazil, Argentina, Chile, Colombia, and other countries are impacting the demand for PLA among various end-use, such as fashion apparel, automotive, electronics, and others, owing to the slowdown in manufacturing activities and reduced demand from end-use customers.
Moreover, the growing demand for plastics for developing packaging products such as rigid containers used for storing yogurt, juices, and water, along with a number of other food products, is fueling the demand for polylactic acid in the region, thereby contributing to the growth of the market in Central & South America.
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Publish Date: Mar 23, 2026
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Polylactic Acid Market Scope
Polylactic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| TotalEnergies SE | View profile | 100,000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | www.totalenergies.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| Mitsubishi Chemical Group Corp | View profile | 74,632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | www.mcgc.com |
| COFCO Joycome Foods Ltd Ordinary Shares | View profile | 9,707 | No.8, Chao Yang Men South Street, COFCO Fortune Plaza, Chao Yang District, Beijing, China, People's Republic of | www.cofcojoycome.com |
| Virgin Galactic Holdings Inc Shs A | View profile | 805 | 1700 Flight Way, Tustin, CA, United States, 92782 | www.virgingalactic.com |
| Zhejiang Haishen New Materials | View profile | 501-1000 | Shangyu, Zhejiang, China, Asia | www.haishenchem.com/ |
| Danimer Scientific Inc Ordinary Shares - Class A | View profile | 257 | 140 Industrial Boulevard, Bainbridge, GA, United States, 39817 | www.danimerscientific.com |
| Unitika Ltd | View profile | 3,382 | 4-1-3 Kyutaro-machi, Chuo-ku, Osaka, Japan, 541-8566 | www.unitika.co.jp |
Latin America Polylactic Acid Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Polylactic Acid Market Outlook will help companies and investors design strategic landscapes.
Corn Starch was the largest segment with a revenue share of 75.28% in 2025.
Horizon Databook has segmented the Latin America polylactic acid market based on corn starch, sugarcane, cassava, other raw materials covering the revenue growth of each sub-segment from 2021 to 2033.
Increasing demand for PLA in packaging, textile, medical, and other end-use is fueling the market growth in the region. The presence of major agricultural countries in the region, such as Brazil, Argentina, Chile, and others, is anticipated to create a demand for PLA over the forecast period.
Rising coronavirus cases in Brazil, Argentina, Chile, Colombia, and other countries are impacting the demand for PLA among various end-use, such as fashion apparel, automotive, electronics, and others, owing to the slowdown in manufacturing activities and reduced demand from end-use customers.
Moreover, the growing demand for plastics for developing packaging products such as rigid containers used for storing yogurt, juices, and water, along with a number of other food products, is fueling the demand for polylactic acid in the region, thereby contributing to the growth of the market in Central & South America.
- Latin America Polylactic Acid Market Raw Material Outlook (Revenue, USD Million , 2021-2033)
- Corn starch
- Sugarcane
- Cassava
- Other Raw Materials
- Latin America Polylactic Acid Market Application Outlook (Revenue, USD Million , 2021-2033)
- Rigid thermoform
- Film & sheets
- Bottles
- Other Applications
- Latin America Polylactic Acid Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Packaging
- Agriculture
- Automotive & Transport
- Electronics
- Textile
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Polylactic Acid Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Polylactic Acid Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Polylactic Acid Market, 2021-2033 (US$M)
Latin America polylactic acid market statistics, by raw material, 2021-2033 (US$M)
