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Polylactic Acid (PLA) Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2036

Report Details
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  • 5000 (USD)
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Scope of Report 

The Polylactic Acid report describes the global Polylactic Acid market, with focus on the country, 
applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis

Country Summaries & Product Review
•  Supply Demand Balance 
•  Polylactic Acid Market data in terms of volume and value for each end-use 
   at regional and country level
•  Polylactic Acid Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the market size of Polylactic Acid?
The global Polylactic acid market size is poised to grow at a CAGR of 18.5% to reach USD 7.6 billion by 2036 from the current USD 1.4 billion primarily driven by governments initiatives to promote the use of biodegradable polymer, ban on single use plastics and increasing consumer awareness on use of sustainable and eco-friendly solutions.
What is Polylactic Acid (PLA)?
Polylactic acid (PLA) is one of the most important biodegradable thermoplastics which is compostable and completely recyclable. It is derived from lactic acid and is mostly produced from sugar beet, wheat, maize, sugar cane and other starch rich and renewable products. The product has excellent tensile strength and modulus of elasticity like PET. Major thermoforming applications of PLA are for packaging uses in the food industry, mostly disposable tableware articles like glasses, drinking cups, straws, food plates and containers.
What is the global production capacity of Polylactic Acid?
The global PLA production capacity in 2022 was estimated to be over 700 kilotons, with a global demand of over 490 kilotons in the same period. The global operating rates have varied between 62% - 72% between 2016 and 2022. However, with a number of capacities announced in China, the global PLA plant operating rates are forecast to reach 60% by 2036.
Who are the major Polylactic Acid Producers?
Natureworks, Total Corbion, BIOTEC GMBH, Henan Longdu Tianren Biomaterials Co., Ltd, Shenzhen eSUN Industrial Co., Ltd., Shanghai Tongjie Liang Biomaterials Co., Guanghua Weiye, Hengtian Yangtze River, Shandong Golden Corn Biochemical Co., Ltd., Zhejiang HiSun Biomaterials Company Limited, and Shandong Hongda Biotech are some of the leading PLA producers in the world. Natureworks and Total Corbion are the biggest PLA producer in the world together producing more than 220 kilo tons of PLA
Which region dominates the global Polylactic Acid market?
Asia-Pacific is the largest PLA producer in the world with installed capacity of more than 490 kilo tons in 2022, accounting for around 70% of the global PLA capacity. The region accounted for around 60% of global PLA demand and is projected to cross 1600 kilo tons by 2032 with an annual growth rate of 18% between 2022-2032. PLA market is expected to grow strongly especially in countries with large population such as China, Japan, Taiwan, India, Indonesia, Thailand, Philippines, and Vietnam.
What is the average Polylactic Acid price per kg?
The average PLA prices were around $3-3.2 per kg in 2022. This was a increase of almost 4% from the previous year, when the PLA prices ware around $2.9-3.1 per kg. The increase in PLA prices was due to several factors, including, COVID-19 pandemic, global economic conditions, and government policies..