Polylactic Acid Market Size To Hit US$ 2466.49 Million By 2030

The global polylactic acid market size is expected to hit around USD 2466.49 million by 2030 and progressing a CAGR of 15.9% over the forecast period 2022 to 2030.

The on polylactic acid Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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Scope of the Report

Report Highlights	Details
Market Size	US$ 2466.49 million by 2030
Growth Rate	CAGR of 15.9% from 2021 to 2030
Base Year	2020
Historic Data	2017 to 2020
Forecast Period	2021 to 2030
Segments Covered	Raw Material, Application
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

A recent report provides crucial insights along with application based and forecast information in the Global Polylactic acid Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Polylactic acid market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Polylactic acid market are included as given below:

Polylactic acid Market Key Players

NatureWorks LLC
Corbion Purac
Chongqing bofei biochemical products co., ltd.
Synbra
Futerro
Nantong Jiuding Biological Engineering Co. Ltd
Hisun Biomaterials

Market Segments

By Raw Material

Corn starch
Sugarcane & sugar beet
Cassava
Others

By Application

Packaging
Agriculture
Transport
Electronics
Textiles
Others

By Geography

North America
- - U.S.
  - Canada
Europe
- - Germany
  - France
  - United Kingdom
  - Rest of Europe
Asia Pacific
- - China
  - Japan
  - India
  - Southeast Asia
  - Rest of Asia Pacific
Latin America
- - Brazil
  - Rest of Latin America
Middle East & Africa (MEA)
- - GCC
  - North Africa
  - South Africa
  - Rest of Middle East & Africa

Report Objectives

To define, describe, and forecast the global polylactic acid market based on product, and region
To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the polylactic acid market

Table of Content

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Polylactic Acids Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Polylactic Acids Market

5.1. Covid-19: Polylactic Acids Industry Impact
5.2. Polylactic Acids Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Polylactic Acids Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Polylactic Acids Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Polylactic Acids Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Governments initiatives for the production and use of biodegradable products
6.1.1.2. Increasing preferences for the bioplastic over conventional plastic
6.1.2. Market Restraints
6.1.2.1. Volatility in raw material prices
6.1.3. Market Opportunities
6.1.3.1. Emerging applications of PLA

Chapter 7. Global Polylactic Acids Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Polylactic Acids Market Revenue by Market Players (2017 - 2020)
7.1.1.2. Polylactic Acids Market Revenue Market Share by Market Players (2017 - 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Raw Material Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Polylactic Acids Market, By Raw Material

8.1. Polylactic Acids Market, by Raw Material, 2017 - 2030
8.1.1. Corn starch
8.1.1.1. Market Revenue and Forecast (2017 - 2030)
8.1.2. Sugarcane & sugar beet
8.1.2.1. Market Revenue and Forecast (2017 - 2030)
8.1.3. Cassava
8.1.3.1. Market Revenue and Forecast (2017 - 2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017 - 2030)

Chapter 9. Global Polylactic Acids Market, By Application

9.1. Polylactic Acids Market, by Application, 2017 - 2030
9.1.1. Packaging
9.1.1.1. Market Revenue and Forecast (2017 - 2030)
9.1.2. Agriculture
9.1.2.1. Market Revenue and Forecast (2017 - 2030)
9.1.3. Transport
9.1.3.1. Market Revenue and Forecast (2017 - 2030)
9.1.4. Electronics
9.1.4.1. Market Revenue and Forecast (2017 - 2030)
9.1.5. Textiles
9.1.5.1. Market Revenue and Forecast (2017 - 2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017 - 2030)

Chapter 10. Global Polylactic Acids Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue Forecast by Raw Material(2017 - 2030)
10.1.2. Market Revenue Forecast by Application (2017 - 2030)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2017 - 2030)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2017 - 2030)
10.2. Europe
10.2.1. Market Revenue Forecast by Raw Material (2017 - 2030)
10.2.2. Market Revenue Forecast by Application (2017 - 2030)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2017 - 2030)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2017 - 2030)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2017 - 2030)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2017 - 2030)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Raw Material (2017 - 2030)
10.3.2. Market Revenue Forecast by Application (2017 - 2030)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2017 - 2030)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2017 - 2030)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2017 - 2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2017 - 2030)
10.4. LATAM
10.4.1. Market Revenue Forecast by Raw Material (2017 - 2030)
10.4.2. Market Revenue Forecast by Application (2017 - 2030)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2017 - 2030)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2017 - 2030)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Raw Material (2017 - 2030)
10.5.2. Market Revenue Forecast by Application (2017 - 2030)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2017 - 2030)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2017 - 2030)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2017 - 2030)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2017 - 2030)

Chapter 11. Company Profiles

11.1. NatureWorks LLC
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Price, and Gross Margin (2017 - 2020)
11.1.4. Recent Developments and Strategies
11.2. Corbion Purac
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Price, and Gross Margin (2017 - 2020)
11.2.4. Recent Developments and Strategies
11.3. Chongqing bofei biochemical products co., ltd.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Price, and Gross Margin (2017 - 2020)
11.3.4. Recent Developments and Strategies
11.4. Synbra
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Price, and Gross Margin (2017 - 2020)
11.4.4. Recent Developments and Strategies
11.5. Futerro
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Price, and Gross Margin (2017 - 2020)
11.5.4. Recent Developments and Strategies
11.6. Nantong Jiuding Biological Engineering Co. Ltd
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Price, and Gross Margin (2017 - 2020)
11.6.4. Recent Developments and Strategies
11.7. Hisun Biomaterials
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Price, and Gross Margin (2017 - 2020)
11.7.4. Recent Developments and Strategies