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ポリ乳酸（PLA）市場レポート：原材料、最終用途産業、地域別、2023-2028年

Polylactic Acid (PLA) Market Report by Raw Material (Corn, Sugarcane and Sugar Beet, Cassava, and Others), End Use Industry (Packaging, Agriculture, Automotive and Transport, Electronics, Textiles, and Others), and Region 2023-2028
出版日: | 発行: IMARC | ページ情報: 英文 144 Pages | 納期: 2～3営業日

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価格
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本日の銀行送金レート: 1USD=157.14円
ポリ乳酸（PLA）市場レポート：原材料、最終用途産業、地域別、2023-2028年
出版日: 2023年11月02日
発行: IMARC
ページ情報: 英文 144 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

概要

世界のポリ乳酸（PLA）市場規模は、2022年に8億5,040万米ドルに達しました。今後、IMARC Groupは、市場は2028年までに21億6,030万米ドルに達し、2022年から2028年の間に16.8%の成長率（CAGR）を示すと予測しています。持続可能な包装オプションに対する需要の高まり、使い捨てプラスチック代替品に対する意識の高まり、生分解性縫合糸、ドラッグデリバリーシステム、整形外科用インプラントの生産増加などが、市場を推進している主な要因です。

ポリ乳酸（PLA）は、トウモロコシのデンプンやサトウキビなどの天然資源から得られるバイオプラスチックの一種です。ポリエステルファミリーに属し、植物の糖を発酵させて得られる乳酸の重合によって合成されます。生分解性であるため、適切な条件にさらされれば時間の経過とともに自然に分解されます。毒性が低く、有害な化学物質を含まないため、食品や医療用途にも安全であると考えられています。成形、押し出し、さまざまな方法で加工できるため、幅広い用途に適しています。

現在、食品容器、カップ、フィルムラップなど、包装目的でのPLA需要の増加が市場の成長を促しています。このほか、PLAは簡単に使用でき、毒性が低く、環境に優しいため、3Dプリンティングでの採用が増加しており、市場の成長に寄与しています。加えて、PLA製の生分解性縫合糸、ドラッグデリバリーシステム、整形外科用インプラントは、体内で徐々に分解されるため、生産量が増加しており、市場の見通しを良好にしています。これとは別に、機械的・熱的特性が改善された高性能PLA変種の開発など、PLA技術の進歩の増加が市場の成長を支えています。さらに、PLA生産の拡張性と費用対効果の向上を目指した研究事業への投資の増加が、市場の成長を後押ししています。

ポリ乳酸（PLA）市場の動向と促進要因：

持続可能なパッケージングへの需要の高まり

現在、持続可能なパッケージングに対する需要の高まりが、PLA市場の拡大に好影響を及ぼしています。これに加えて、消費者の間で環境持続可能性に対する意識と関心が高まっており、消費者は自分の価値観に合った製品を積極的に求めています。PLAは、トウモロコシのデンプンやサトウキビなどの植物由来の生分解性で再生可能なポリマーであるため、従来のプラスチックに代わる環境に優しい代替品として認識されています。さらに、プラスチック廃棄物の削減やカーボンフットプリントの最小化を目的とした厳しい規制や政府の取り組みにより、様々なパッケージング・ソリューションにおけるPLAのような生分解性材料の使用を含む、持続可能な慣行の採用が増加しています。

バイオベースプラスチックの需要増加

バイオベースプラスチックへの需要の高まりが、ポリ乳酸（PLA）市場の成長を後押ししています。製造業者も消費者も、再生可能で生分解性という性質から、現在PLAのようなバイオベースプラスチックを受け入れています。トウモロコシのデンプンやサトウキビなど再生可能な資源から抽出されるPLAは、従来の石油系プラスチックの有力な代替品として積極的に採用されています。消費者の嗜好が環境に配慮した製品へと変化し続けていることが、PLA需要の増加に直接的に寄与しています。さらに、カーボンフットプリントの削減や循環型経済原則の推進が重視され、その結果、包装、繊維、その他さまざまな用途でPLAの採用率が高まっています。産業界は、PLAのようなバイオベースプラスチックを生産工程に組み込む方法を絶えず模索しており、この動向がPLA市場にプラスの影響を与えている現状を反映しています。

使い捨てプラスチック代替品に対する意識の高まり

使い捨てプラスチック代替品に対する意識の高まりが、市場の成長を後押ししています。これに加え、個人や組織は、生分解性包装材料、食器、使い捨て容器など、PLAベースの製品を積極的に模索し、採用しています。さらに、さまざまな企業が二酸化炭素排出量を削減するために、PLAを製品ラインに取り入れるよう生産・調達戦略を転換しています。さらに、プラスチック廃棄物の削減を目的とした継続的な取り組みやキャンペーンが、持続可能な慣行を推進する政府の規制とともに、持続可能な代替手段としてのPLAへの継続的な関心と投資を後押ししています。その結果、PLA市場は着実な拡大を遂げており、メーカーやサプライヤーは、環境意識の高い消費者や産業界の嗜好の変化に対応するため、生産能力や製品ラインナップを拡大しています。

ポリ乳酸（PLA）市場調査範囲：

本レポートで扱う主な質問

  • 2022年の世界のポリ乳酸（PLA）市場規模は？
  • 2023-2028年の世界のポリ乳酸（PLA）市場の予想成長率は？
  • 世界のポリ乳酸（PLA）市場を牽引する主要因は何か
  • ポリ乳酸（PLA）の世界市場におけるCOVID-19の影響は？
  • 世界のポリ乳酸（PLA）市場の原材料別区分は？
  • ポリ乳酸（PLA）の世界市場の最終用途産業別の区分は？
  • ポリ乳酸（PLA）の世界市場における主要地域は？
  • 世界のポリ乳酸（PLA）市場における主要プレイヤー/企業は？

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界のポリ乳酸（PLA）市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：原材料別

  • トウモロコシ
    • 市場動向
    • 市場予測
  • サトウキビとテンサイ
    • 市場動向
    • 市場予測
  • キャッサバ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳：最終用途産業別

  • パッケージング
    • 市場動向
    • 市場予測
  • 農業
    • 市場動向
    • 市場予測
  • 自動車と輸送
    • 市場動向
    • 市場予測
  • エレクトロニクス
    • 市場動向
    • 市場予測
  • テキスタイル
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳：地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第9章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第10章 バリューチェーン分析

第11章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第12章 価格分析

第13章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • BASF SE
    • COFCO
    • Evonik Industries AG
    • Futerro
    • Jiangsu Supla Bioplastics Co. Ltd.
    • Jiangxi Keyuan Bio-Material Co. Ltd.
    • Mitsui Chemicals Inc.
    • NatureWorks LLC（Cargill Incorporated）
    • Shanghai Tong-Jie-Liang Biomaterials Co. Ltd.
    • Total Corbion PLA
図表

List of Figures

  • Figure 1: Global: Polylactic Acid Market: Major Drivers and Challenges
  • Figure 2: Global: Polylactic Acid Market: Sales Value (in Million US$), 2017-2022
  • Figure 3: Global: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 4: Global: Polylactic Acid Market: Breakup by Raw Material (in %), 2022
  • Figure 5: Global: Polylactic Acid Market: Breakup by End Use Industry (in %), 2022
  • Figure 6: Global: Polylactic Acid Market: Breakup by Region (in %), 2022
  • Figure 7: Global: Polylactic Acid (Corn) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 8: Global: Polylactic Acid (Corn) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 9: Global: Polylactic Acid (Sugarcane and Sugar Beet) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 10: Global: Polylactic Acid (Sugarcane and Sugar Beet) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 11: Global: Polylactic Acid (Cassava) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Polylactic Acid (Cassava) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Polylactic Acid (Other Raw Materials) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Polylactic Acid (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Polylactic Acid (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Polylactic Acid (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Polylactic Acid (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Polylactic Acid (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Polylactic Acid (Automotive and Transport) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Polylactic Acid (Automotive and Transport) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Polylactic Acid (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Polylactic Acid (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Polylactic Acid (Textiles) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Polylactic Acid (Textiles) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Global: Polylactic Acid (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Global: Polylactic Acid (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: North America: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: North America: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: United States: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: United States: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Canada: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Canada: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: Asia-Pacific: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: Asia-Pacific: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: China: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: China: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: Japan: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: Japan: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: India: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: India: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: South Korea: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: South Korea: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Australia: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Australia: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: Indonesia: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: Indonesia: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: Others: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: Others: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: Europe: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: Europe: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: Germany: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: Germany: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: France: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: France: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 55: United Kingdom: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 56: United Kingdom: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 57: Italy: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 58: Italy: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 59: Spain: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 60: Spain: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 61: Russia: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 62: Russia: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 63: Others: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 64: Others: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 65: Latin America: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 66: Latin America: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 67: Brazil: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 68: Brazil: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 69: Mexico: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 70: Mexico: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 71: Others: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 72: Others: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 73: Middle East and Africa: Polylactic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 74: Middle East and Africa: Polylactic Acid Market: Breakup by Country (in %), 2022
  • Figure 75: Middle East and Africa: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Global: Polylactic Acid Industry: SWOT Analysis
  • Figure 77: Global: Polylactic Acid Industry: Value Chain Analysis
  • Figure 78: Global: Polylactic Acid Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Polylactic Acid Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Polylactic Acid Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
  • Table 3: Global: Polylactic Acid Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
  • Table 4: Global: Polylactic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 5: Global: Polylactic Acid Market: Competitive Structure
  • Table 6: Global: Polylactic Acid Market: Key Players
目次
Product Code: SR112023A3701

Abstract

The global polylactic acid (PLA) market size reached US$ 850.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,160.3 Million by 2028, exhibiting a growth rate (CAGR) of 16.8% during 2022-2028. The growing demand for sustainable packaging options, raising awareness about single-use plastic alternatives, and increasing production of biodegradable sutures, drug delivery systems, and orthopedic implants are some of the major factors propelling the market.

Polylactic acid (PLA) is a type of bioplastic obtained from natural sources, including corn starch and sugarcane. It is part of the polyester family and is synthesized through the polymerization of lactic acid, which can be obtained by fermenting plant sugars. It is biodegradable, which means it can decompose naturally over time when exposed to the right conditions. It is considered safe for food and medical applications due to its low toxicity and lack of harmful chemicals. It can be molded, extruded, and processed in various methods, making it suitable for a wide range of applications.

At present, the increasing demand for PLA for packaging purposes, including food containers, cups, and film wraps, is impelling the growth of the market. Besides this, the rising employment of PLA in 3D printing due to its effortless usage, low toxicity, and eco-friendliness is contributing to the growth of the market. In addition, the growing production of biodegradable sutures, drug delivery systems, and orthopedic implants made from PLA as they gradually degrade in the body is offering a favorable market outlook. Apart from this, increasing advancements in PLA technology, such as the development of high-performance PLA variants with improved mechanical and thermal properties, are supporting the growth of the market. Additionally, rising investments in research operations aimed at enhancing the scalability and cost-effectiveness of PLA production are bolstering the growth of the market.

Polylactic Acid (PLA) Market Trends/Drivers:

Growing demand for sustainable packaging

At present, the growing demand for sustainable packaging is exerting a positive influence on the expansion of the PLA market. Besides this, the rising awareness and concern about environmental sustainability among consumers are increasing, and they are actively seeking products that align with their values. PLA, being a biodegradable and renewable polymer derived from plant-based sources, such as corn starch or sugarcane, is perceived as an eco-friendly alternative to conventional plastics. Moreover, stringent regulations and government initiatives aimed at decreasing plastic waste and minimizing the carbon footprint are increasing the adoption of sustainable practices, including the usage of biodegradable materials like PLA in various packaging solutions.

Increasing demand for bio-based plastics

The increasing demand for bio-based plastics is propelling the growth of the polylactic acid (PLA) market. Manufacturers and consumers alike are currently embracing bio-based plastics like PLA due to their renewable and biodegradable nature. PLA, which is extracted from renewable sources, such as corn starch and sugarcane, is actively adopted as a viable substitute for traditional petroleum-based plastics. This ongoing shift in consumer preferences towards eco-conscious products is directly contributing to the rising demand for PLA. Moreover, the emphasis on reducing carbon footprints and the promotion of circular economy principles is resulting in a higher adoption rate of PLA in packaging, textiles, and various other applications. Industries are continually exploring ways to incorporate bio-based plastics like PLA into their production processes, reflecting the current positive impact of this trend on the PLA market.

Rising awareness about single-use plastic alternatives

The rising awareness about single-use plastic alternatives is bolstering the growth of the market. Besides this, individuals and organizations are actively exploring and adopting PLA-based products, such as biodegradable packaging materials, utensils, and disposable containers. In addition, various companies are shifting their production and procurement strategies to incorporate PLA into their product lines to reduce their carbon footprint. Furthermore, ongoing initiatives and campaigns aimed at reducing plastic waste, along with governmental regulations promoting sustainable practices, are driving continuous interest and investment in PLA as a sustainable alternative. As a result, the PLA market is experiencing a steady expansion, with manufacturers and suppliers expanding their capacities and product offerings to cater to the evolving preferences of environmentally conscious consumers and industries.

Polylactic Acid (PLA) Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global polylactic acid (PLA) market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on raw material and end use industry.

Breakup by Raw Material:

Corn

Sugarcane and Sugar Beet

Cassava

Others

Corn dominates the market

The report has provided a detailed breakup and analysis of the market based on the raw material. This includes corn, sugarcane and sugar beet, cassava, and others. According to the report, corn represented the largest segment.

Corn is rich in starch, which is the primary feedstock for PLA production, and can be easily extracted from corn kernels and converted into glucose through enzymatic processes. The cost-effectiveness of using corn as a feedstock for PLA production makes it an attractive choice. The existing infrastructure for corn farming, harvesting, and processing also contributes to lower production costs. Besides this, corn is a renewable source, using it for PLA aligns with the desire to produce more environmentally friendly plastics. In addition, genetically modified (GMO) corn varieties are manufactured to enhance starch content and suitability for industrial processes like PLA production. These specialized varieties can further improve the efficiency of the PLA manufacturing process.

Breakup by End Use Industry:

Packaging

Agriculture

Automotive and Transport

Electronics

Textiles

Others

Packaging holds the largest share in the market

A detailed breakup and analysis of the market based on the end use industry has also been provided in the report. This includes packaging, agriculture, automotive and transport, electronics, textiles, and others. According to the report, packaging accounted for the largest market share.

PLA is commonly used for food packaging applications, such as cups, lids, containers, and films. Its biodegradability and ability to resist moisture make it suitable for packaging items like fresh produce, bakery products, and takeaway containers. PLA can be used to manufacture disposable cutlery, including forks, knives, and spoons which can be composted after use, reducing plastic waste. PLA straws are an eco-friendly alternative to traditional plastic straws which are often used in restaurants, cafes, and fast-food establishments. PLA can be used to create blister packaging for consumer goods, electronics, and pharmaceuticals. It provides transparency, which is essential for product visibility, and is compostable, making it more environmentally friendly than traditional plastic blister packaging.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America exhibits a clear dominance, accounting for the largest polylactic acid (PLA) market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America held the biggest market share due to the rising demand for sustainable packaging solutions to reduce its carbon footprint. Besides this, the increasing implementation of stringent regulations associated with plastic usage is contributing to the growth of the market. Apart from this, the rising awareness about the negative impacts of plastic usage on the environment is supporting the growth of the market. Additionally, the increasing utilization of sustainable packaging in various consumer goods is strengthening the growth of the market.

Asia Pacific is estimated to expand further in this domain due to rising research operations to improve the functionalities of PLA-based products. Moreover, the increasing focus on enhancing the production capacity of PLA to maintain a steady supply is bolstering the growth of the market.

Competitive Landscape:

Key market players are investing in expanding their production capacities to fulfill the rising demand for biodegradable plastics by building new production facilities and upgrading existing ones. They are also focusing on developing innovative PLA formulations with improved properties, such as heat resistance, strength, and flexibility. Leading companies are actively promoting the environmental benefits of PLA, including its biodegradability and reduced carbon footprint compared to traditional plastics. They are also exploring new markets and applications for their products beyond traditional packaging and food service items. Top companies are forming strategic alliances and partnerships with other players in the value chain, including raw material suppliers, converters, and end-users, to create a more integrated and efficient supply chain.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

BASF SE

COFCO

Evonik Industries AG

Futerro

Jiangsu Supla Bioplastics Co. Ltd.

Jiangxi Keyuan Bio-Material Co. Ltd.

Mitsui Chemicals Inc.

NatureWorks LLC (Cargill Incorporated)

Shanghai Tong-Jie-Liang Biomaterials Co. Ltd.

Total Corbion PLA

Recent Developments:

In September 2023, BASF SE announced the launch of biomass balance plastic additives that support the use of renewable feedstock to replace fossil feedstock and fulfill sustainability targets.

In 2023, Evonik Industries AG and LEHVOSS Group entered into a strategic partnership to open up the path for new applications of industrial 3D printing in the automotive sector.

In 2022, Futerro announced that it aims to set up a new fully integrated polylactic acid (PLA) biorefinery in Normandy, France, which will include a lactic acid unit transforming raw materials of agricultural origin, a PLA conversion unit, and a unit dedicated to molecular recycling of PLA.

Polylactic Acid (PLA) Market Report Scope:

Key Questions Answered in This Report

  • 1. What was the size of the global Polylactic Acid (PLA) market in 2022?
  • 2. What is the expected growth rate of the global Polylactic Acid (PLA) market during 2023-2028?
  • 3. What are the key factors driving the global Polylactic Acid (PLA) market?
  • 4. What has been the impact of COVID-19 on the global Polylactic Acid (PLA) market?
  • 5. What is the breakup of the global Polylactic Acid (PLA) market based on the raw material
  • 6. What is the breakup of the global Polylactic Acid (PLA) market based on the end use industry?
  • 7. What are the key regions in the global Polylactic Acid (PLA) market?
  • 8. Who are the key players/companies in the global Polylactic Acid (PLA) market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Polylactic Acid (PLA) Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Raw Material

  • 6.1 Corn
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Sugarcane and Sugar Beet
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Cassava
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by End Use Industry

  • 7.1 Packaging
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Agriculture
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Automotive and Transport
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Electronics
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Textiles
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Others
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast

8 Market Breakup by Region

  • 8.1 North America
    • 8.1.1 United States
      • 8.1.1.1 Market Trends
      • 8.1.1.2 Market Forecast
    • 8.1.2 Canada
      • 8.1.2.1 Market Trends
      • 8.1.2.2 Market Forecast
  • 8.2 Asia-Pacific
    • 8.2.1 China
      • 8.2.1.1 Market Trends
      • 8.2.1.2 Market Forecast
    • 8.2.2 Japan
      • 8.2.2.1 Market Trends
      • 8.2.2.2 Market Forecast
    • 8.2.3 India
      • 8.2.3.1 Market Trends
      • 8.2.3.2 Market Forecast
    • 8.2.4 South Korea
      • 8.2.4.1 Market Trends
      • 8.2.4.2 Market Forecast
    • 8.2.5 Australia
      • 8.2.5.1 Market Trends
      • 8.2.5.2 Market Forecast
    • 8.2.6 Indonesia
      • 8.2.6.1 Market Trends
      • 8.2.6.2 Market Forecast
    • 8.2.7 Others
      • 8.2.7.1 Market Trends
      • 8.2.7.2 Market Forecast
  • 8.3 Europe
    • 8.3.1 Germany
      • 8.3.1.1 Market Trends
      • 8.3.1.2 Market Forecast
    • 8.3.2 France
      • 8.3.2.1 Market Trends
      • 8.3.2.2 Market Forecast
    • 8.3.3 United Kingdom
      • 8.3.3.1 Market Trends
      • 8.3.3.2 Market Forecast
    • 8.3.4 Italy
      • 8.3.4.1 Market Trends
      • 8.3.4.2 Market Forecast
    • 8.3.5 Spain
      • 8.3.5.1 Market Trends
      • 8.3.5.2 Market Forecast
    • 8.3.6 Russia
      • 8.3.6.1 Market Trends
      • 8.3.6.2 Market Forecast
    • 8.3.7 Others
      • 8.3.7.1 Market Trends
      • 8.3.7.2 Market Forecast
  • 8.4 Latin America
    • 8.4.1 Brazil
      • 8.4.1.1 Market Trends
      • 8.4.1.2 Market Forecast
    • 8.4.2 Mexico
      • 8.4.2.1 Market Trends
      • 8.4.2.2 Market Forecast
    • 8.4.3 Others
      • 8.4.3.1 Market Trends
      • 8.4.3.2 Market Forecast
  • 8.5 Middle East and Africa
    • 8.5.1 Market Trends
    • 8.5.2 Market Breakup by Country
    • 8.5.3 Market Forecast

9 SWOT Analysis

  • 9.1 Overview
  • 9.2 Strengths
  • 9.3 Weaknesses
  • 9.4 Opportunities
  • 9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

  • 11.1 Overview
  • 11.2 Bargaining Power of Buyers
  • 11.3 Bargaining Power of Suppliers
  • 11.4 Degree of Competition
  • 11.5 Threat of New Entrants
  • 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

  • 13.1 Market Structure
  • 13.2 Key Players
  • 13.3 Profiles of Key Players
    • 13.3.1 BASF SE
      • 13.3.1.1 Company Overview
      • 13.3.1.2 Product Portfolio
      • 13.3.1.3 Financials
      • 13.3.1.4 SWOT Analysis
    • 13.3.2 COFCO
      • 13.3.2.1 Company Overview
      • 13.3.2.2 Product Portfolio
      • 13.3.2.3 Financials
    • 13.3.3 Evonik Industries AG
      • 13.3.3.1 Company Overview
      • 13.3.3.2 Product Portfolio
      • 13.3.3.3 Financials
      • 13.3.3.4 SWOT Analysis
    • 13.3.4 Futerro
      • 13.3.4.1 Company Overview
      • 13.3.4.2 Product Portfolio
    • 13.3.5 Jiangsu Supla Bioplastics Co. Ltd.
      • 13.3.5.1 Company Overview
      • 13.3.5.2 Product Portfolio
    • 13.3.6 Jiangxi Keyuan Bio-Material Co. Ltd.
      • 13.3.6.1 Company Overview
      • 13.3.6.2 Product Portfolio
    • 13.3.7 Mitsui Chemicals Inc.
      • 13.3.7.1 Company Overview
      • 13.3.7.2 Product Portfolio
      • 13.3.7.3 Financials
      • 13.3.7.4 SWOT Analysis
    • 13.3.8 NatureWorks LLC (Cargill Incorporated)
      • 13.3.8.1 Company Overview
      • 13.3.8.2 Product Portfolio
    • 13.3.9 Shanghai Tong-Jie-Liang Biomaterials Co. Ltd.
      • 13.3.9.1 Company Overview
      • 13.3.9.2 Product Portfolio
    • 13.3.10 Total Corbion PLA
      • 13.3.10.1 Company Overview
      • 13.3.10.2 Product Portfolio