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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Polylactic Acid (PLA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global polylactic acid (PLA) market exhibited strong growth during 2015-2020. Polylactic acid (PLA) is a thermoplastic aliphatic polymer with the chemical formula (C3H4O2)n. It is obtained from renewable sources, such as corn starch or sugar cane, and widely available in numerous forms, including coatings, fiber, and films and sheets. PLA is primarily employed in the food industry for the packaging of heat, light, and moisture-sensitive food products. Besides this, it is also used in the textile, medical, agriculture and automotive industries across the globe on account of its biodegradability and excellent mechanical strength.

PLA is used to produce microwaveable containers, including disposable cutlery and food containers. This can be accredited to its beneficial properties, which include improved aesthetic appeal and resistance to grease and oil. Apart from this, textiles made using PLA offer excellent breathability, drapability and durability. Their escalating demand represents another factor positively influencing the PLA market worldwide. Moreover, as PLA is derived from corn, it does not produce toxic fumes and can break down into natural elements in commercial compost facilities. With the rising environmental concerns and the urgency for adopting pollution control measures, governing agencies of different countries across the world are undertaking several initiatives to provide subsidies and promote the usage of biodegradable products like PLA. This, along with factors like unstable petroleum prices and the unavailability of sufficient resources for plastic production, is anticipated to catalyze the demand for PLA. Looking forward, IMARC Group expects the global polylactic acid (PLA) market to grow at a CAGR of around 15% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global polylactic acid (PLA) market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, raw material and end use industry.

Breakup by Raw Material:

  • Corn
  • Sugarcane and Sugar Beet
  • Cassava
  • Others
     

Breakup by End Use Industry:

  • Packaging
  • Agriculture
  • Automotive and Transport
  • Electronics
  • Textiles
  • Others
     

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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Total Corbion PLA.

Key Questions Answered in This Report:

  • How has the global polylactic acid (PLA) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global polylactic acid (PLA) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the raw material?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global polylactic acid (PLA) market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

Figure 1: Global: Polylactic Acid Market: Major Drivers and Challenges
Figure 2: Global: Polylactic Acid Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Polylactic Acid Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Polylactic Acid Market: Breakup by Raw Material (in %), 2020
Figure 5: Global: Polylactic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 6: Global: Polylactic Acid Market: Breakup by Region (in %), 2020
Figure 7: Global: Polylactic Acid (Corn) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Polylactic Acid (Corn) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Polylactic Acid (Sugarcane and Sugar Beet) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Polylactic Acid (Sugarcane and Sugar Beet) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Polylactic Acid (Cassava) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Polylactic Acid (Cassava) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Polylactic Acid (Other Raw Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Polylactic Acid (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Polylactic Acid (Packaging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Polylactic Acid (Packaging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Polylactic Acid (Agriculture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Polylactic Acid (Agriculture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Polylactic Acid (Automotive and Transport) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Polylactic Acid (Automotive and Transport) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Polylactic Acid (Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Polylactic Acid (Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Polylactic Acid (Textiles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Polylactic Acid (Textiles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Polylactic Acid (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Polylactic Acid (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: North America: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Canada: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Canada: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia-Pacific: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia-Pacific: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: China: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: China: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Japan: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Japan: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: South Korea: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: South Korea: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Australia: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Australia: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Indonesia: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Indonesia: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Europe: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Europe: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Germany: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Germany: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: France: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: France: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: United Kingdom: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: United Kingdom: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Italy: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Italy: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Spain: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Spain: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Russia: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Russia: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Latin America: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Latin America: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Brazil: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Brazil: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Mexico: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Mexico: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Middle East and Africa: Polylactic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Middle East and Africa: Polylactic Acid Market: Breakup by Country (in %), 2020
Figure 75: Middle East and Africa: Polylactic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Global: Polylactic Acid (PLA) Industry: SWOT Analysis
Figure 77: Global: Polylactic Acid (PLA) Industry: Value Chain Analysis
Figure 78: Global: Polylactic Acid (PLA) Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Polylactic Acid Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Polylactic Acid Market Forecast: Breakup by Raw Material (in Million US$), 2021-2026
Table 3: Global: Polylactic Acid Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 4: Global: Polylactic Acid Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Polylactic Acid Market: Competitive Structure
Table 6: Global: Polylactic Acid Market: Key Players

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