Polylactic Acid Market Size, Share & Trends Report

Polylactic Acid Market Size, Share & Trends Analysis Report By Raw Material (Corn Starch, Sugarcane, Cassava), By Application (Rigid thermoform, Films & sheets, Bottles), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-2-68038-669-1
Number of Pages: 135
Format: Electronic (PDF)

Historical Range: 2018 - 2021
Industry: Bulk Chemicals

Market Segmentation

Polylactic Acid Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Corn starch
- Sugarcane
- Cassava
- Others
Polylactic Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Rigid thermoform
- Films & sheets
- Bottles
- Others
Polylactic Acid End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Packaging
- Agriculture
- Automotive & transport
- Electronics
- Textile
- Consumer goods
- Bio-medical
- Others
Polylactic Acid Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
  - North America Polylactic Acid Market, By Raw Material
    - Corn starch
    - Sugarcane
    - Cassava
    - Others
  - North America Polylactic Acid Market, By Application
    - Rigid thermoforms
    - Films & sheets
    - Bottles
    - Others
  - North America Polylactic Acid Market, By End-use
    - Packaging
    - Agriculture
    - Automotive & transport
    - Electronics
    - Textile
    - Consumer goods
    - Bio-medical
    - Others
  - U.S.
    - U.S. Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - U.S. Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - U.S. Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Canada
    - Canada Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Canada Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Canada Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Mexico
    - Mexico Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Mexico Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Mexico Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
- Europe
  - Europe Polylactic Acid Market, By Raw Material
    - Corn starch
    - Sugarcane
    - Cassava
    - Others
  - Europe Polylactic Acid Market, By Application
    - Rigid thermoforms
    - Films & sheets
    - Bottles
    - Others
  - Europe Polylactic Acid Market, By End-use
    - Packaging
    - Agriculture
    - Automotive & transport
    - Electronics
    - Textile
    - Consumer goods
    - Bio-medical
    - Others
  - UK
    - UK Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - UK Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - UK Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Germany
    - Germany Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Germany Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Germany Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - France
    - France Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - France Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - France Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Italy
    - Italy Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Italy Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Italy Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Spain
    - Spain Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Spain Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Spain Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Netherlands
    - Netherlands Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Netherlands Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Netherlands Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Turkey
    - Turkey Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Turkey Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Turkey Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
- Asia Pacific
  - Asia Pacific Polylactic Acid Market, By Raw Material
    - Corn starch
    - Sugarcane
    - Cassava
    - Others
  - Asia Pacific Polylactic Acid Market, By Application
    - Rigid thermoforms
    - Films & sheets
    - Bottles
    - Others
  - Asia Pacific Polylactic Acid Market, By End-use
    - Packaging
    - Agriculture
    - Automotive & transport
    - Electronics
    - Textile
    - Consumer goods
    - Bio-medical
    - Others
  - China
    - China Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - China Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - China Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - India
    - India Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - India Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - India Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Japan
    - Japan Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Japan Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Japan Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - South Korea
    - South Korea Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - South Korea Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - South Korea Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Singapore
    - Singapore Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Singapore Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Singapore Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Malaysia
    - Malaysia Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Malaysia Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Malaysia Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Indonesia
    - Indonesia Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Indonesia Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Indonesia Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Philippines
    - Philippines Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Philippines Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Philippines Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Thailand
    - Thailand Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Thailand Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Thailand Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Vietnam
    - Vietnam Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Vietnam Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Vietnam Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Australia
    - Australia Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Australia Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Australia Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
- Central & South America
  - Central & South America Polylactic Acid Market, By Raw Material
    - Corn starch
    - Sugarcane
    - Cassava
    - Others
  - Central & South America Polylactic Acid Market, By Application
    - Rigid thermoforms
    - Films & sheets
    - Bottles
    - Others
  - Central & South America Polylactic Acid Market, By End-use
    - Packaging
    - Agriculture
    - Automotive & transport
    - Electronics
    - Textile
    - Consumer goods
    - Bio-medical
    - Others
  - Brazil
    - Brazil Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Brazil Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Brazil Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - Argentina
    - Argentina Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Argentina Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Argentina Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
- Middle East and Africa
  - Middle East and Africa Polylactic Acid Market, By Raw Material
    - Corn starch
    - Sugarcane
    - Cassava
    - Others
  - Middle East and Africa Polylactic Acid Market, By Application
    - Rigid thermoforms
    - Films & sheets
    - Bottles
    - Others
  - Middle East and Africa Polylactic Acid Market, By End-use
    - Packaging
    - Agriculture
    - Automotive & transport
    - Electronics
    - Textile
    - Consumer goods
    - Bio-medical
    - Others
  - Saudi Arabia
    - Saudi Arabia Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - Saudi Arabia Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - Saudi Arabia Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - United Arab Emirates (UAE)
    - United Arab Emirates (UAE) Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - United Arab Emirates (UAE) Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - United Arab Emirates (UAE) Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others
  - South Africa
    - South Africa Polylactic Acid Market, By Raw Material
      - Corn starch
      - Sugarcane
      - Cassava
      - Others
    - South Africa Polylactic Acid Market, By Application
      - Rigid thermoforms
      - Films & sheets
      - Bottles
      - Others
    - South Africa Polylactic Acid Market, By End-use
      - Packaging
      - Agriculture
      - Automotive & transport
      - Electronics
      - Textile
      - Consumer goods
      - Bio-medical
      - Others

Polylactic Acid Market Dynamics

Driver: Growing Demand For Bioplastics

Bioplastics are environmentally friendly alternatives to traditional plastics, notably in flexible and rigid packaging applications, because they are bio-based, compostable, and biodegradable in nature. The rising application of bioplastics in packaging, automotive & transport, agriculture, electronics, and other applications is expected to augment the demand for polylactic acid over the forecast period. Polylactic acid was traditionally used in packaging and medical applications but is now gaining acceptance in the automotive industry. In the automotive industry, it is used in interior parts of vehicles, such as floor mats, upholstery, protective wrapping, and under-the-hood components. Bioplastics are derived from biomass, such as animals, plants, and trees, and some are derived from food waste. Their usage can help reduce the dependency on fossil-fuel-based petroleum products for plastic production and reduce carbon footprint as well. A key factor driving the growth of the flexible packaging market is increased focus on sustainable products.

Driver: Growing Demand From The Flexible Packaging Industry

PLA packaging provides an environment-friendly solution and helps in enhancing the appearance of the final product. Use of PLA packaging in green packaging of various food products is likely to improve its growth prospects over the forecast period. The growing use of bioplastics in flexible packaging is expected to fuel the growth of the polylactic acid market. Growing demand for food, on account of increasing global population, is one of the key trends augmenting the market growth. With the advancements in manufacturing technology, the usage of enhanced packaging and case-ready packaging practices are expected to benefit the polylactic acid market. Asia Pacific is projected to dominate the packaging market over the forecast period due to the flourishing food & beverage sector, particularly in China and India.

Restraint: Price Competitiveness

The premium pricing of polylactic acid as compared to conventional polymers, including polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and polystyrene (PS), is one of the key factors restraining the growth of the global PLA market. One of the major cost factors is the raw material used in the fermentation process. Furthermore, polylactic acid has certain limitations as compared to conventional plastics, i.e., it can warp and distort at relatively low temperatures. PLA does not compost fast enough for industrial composters and the residue is not composted nor does it improve the soil quality. PLA cannot be used for applications where impact resistance and toughness are critical as it is not the hardest or toughest plastic. Apart from price competitiveness, these factors are expected to have a negative impact on the market growth.

What Does This Report Include?

This section will provide insights into the contents included in this polylactic acid market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Polylactic acid market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Polylactic acid market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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