Bio-Polylactic Acid (PLA) Market Overview, Analysis, Industry Players

Posted by Deeksha on September 9th, 2019

The market for Bio-Polylactic Acid (PLA) is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global (United States, European Union and China) Bio-Polylactic Acid (PLA) Market Research Report 2019-2025” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the Bio-Polylactic Acid (PLA) sector is highlighted in the report which indicates a prosperous future.

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Bio-Polylactic Acid (PLA) Market: Report Overview

Polylactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such as starch and sugar.

The PLA market is segmented on the basis of raw material, form, and end-user industry. Based on the raw material, corn has the largest share of approximately 60% as it is being increasingly used as a substitute for the conventional petroleum-based plastics. There are growing government initiatives in countries like China to boost the production of bioplastics in order to utilize its massive corn stock.

North America is the current market leader for bio-PLA accounting to share of approximately 33%.

In global market, the following companies are covered:
Teijin
Toray
Mitsubishi Chemical
Eastman Chemicals
BASF
Bayer
DowDuPont
Natureworks
Synbra Technology
NatureWorks
Futerro
Toyobo
Sulzer
Jiuding Biological Engineering
Henen Jindan Lactic Acid Technology

Market Segment by Product Type
Poly(L-lactic)acid
Poly(D-lactic)acid
Poly(DL-lactic)acid

Market Segment by Application
Packaging
Automotive
Medical
Electronics
Agriculture
Textiles
Others

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

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The study objectives are:

To analyze and research the Bio-Polylactic Acid (PLA) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.

To present the key Bio-Polylactic Acid (PLA) manufacturers, presenting the sales, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

In this study, the years considered to estimate the market size of Bio-Polylactic Acid (PLA) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025