The Polylactic Acid (PLA) Market is experiencing significant growth driven by its renewable and biodegradable nature. Derived from renewable sources like corn starch and sugarcane, PLA offers beneficial mechanical properties over other biodegradable polymers. Being a thermoplastic aliphatic polymer, it is produced through the crystallization of lactic acid. Its chemical formula (C3H4O2) n and semi-crystalline, hydrophobic nature allows it to be broken down into biodegradable components, making it suitable for diverse applications across.
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Data Bridge Market Research analyses that the Global polylactic acid (PLA) market is growing with a CAGR of 11.6% in the forecast period of 2022 to 2029, market was valued at USD 10,04,457.03 in 2021 and is expected to reach USD 2,416,823.42 thousand by 2029. The increasing demand for sustainable packaging due to environmental concerns drives the adoption of PLA as a viable alternative. As a biodegradable and eco-friendly material, PLA meets the needs of consumers and industries seeking environmentally responsible packaging solutions.
Key Findings of the Study
The reduced dependency on petroleum-based plastics is expected to drive the market's growth rate
The reduced dependency on petroleum-based plastics is a key driver of the global polylactic acid (PLA) market. As a renewable and bio-based alternative, PLA lessens reliance on fossil fuels, mitigating environmental impacts and supporting a circular economy. Industries seeking sustainable solutions are turning to PLA for its biodegradable properties and lower carbon footprint. The push for eco-friendly practices and the desire to decrease plastic waste drive the adoption of PLA.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Racemic PLLA (Poly-L-Lactic Acid), Regular PLLA (Poly-L-Lactic Acid), PDLA (Poly-D-Lactic Acid), and PDLLA (Poly-Dl-Lactic Acid)), Raw Material (Corn, Cassava, Sugarcane, Sugar Beet, and Others), Form (Films And Sheets, Coatings, Fiber, Others), Application (Packaging, Transport, Agriculture, Medical, Electronics, Textile, Hygiene, Others), End User (Plastic Films, Bottles, Biodegradable Medical Devices
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Countries Covered
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U.S., Canada, Mexico, U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, and the Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and Rest of the Middle East and Africa
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Market Players Covered
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BASF SE (Germany), Futerro (Belgium), NatureWorks LLC (U.S.), TotalEnergies Corbion (Netherlands), Sulzer Ltd (Switzerland), Mitsubishi Chemical Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Merck KGaA (Germany), Musashino Chemical Laboratory, Ltd. (Japan), Evonik Industries AG (Germany), Polyvel Inc. (U.S.), UNITIKA LTD. (Japan), Jiangxi Academy of Sciences Biological New Materials Co., Ltd. (China), Shanghai Tong-jie-liang Biomaterials Co., Ltd. (China), Zhejiang Hisun Biomaterials Co., Ltd. (China), Radici Partecipazioni SpA (Italy)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Global polylactic acid (PLA) market is segmented on the basis of product type, wound type, wound class, end user and distribution channel.
- On the basis of type, the global polylactic acid (PLA) market is classified into five segments, namely Racemic PLLA (Poly-L-Lactic Acid), Regular PLLA (Poly-L-Lactic Acid), PDLA (Poly-D-Lactic Acid), PDLLA (Poly-Dl-Lactic Acid) and PLA blends. In 2022, the Racemic PLLA (Poly-l-lactic acid) segment is expected to dominate the global polylactic acid (PLA) market with a 37.59% market share due to its ease of blending with different materials and forming copolymers in the forecast period of 2022 to 2029.
In 2022, the Racemic PLLA (Poly-l-lactic acid) segment is expected to dominate the type segment in global polylactic acid (PLA) market
In 2022, the Racemic PLLA (Poly-l-lactic acid) segment is expected to dominate the global polylactic acid (PLA) market with a 37.59% market due to its superior properties, including high crystallinity and thermal stability. It finds extensive use in packaging, textiles, and medical devices, offering a reliable and eco-friendly alternative to conventional plastics, driving its widespread adoption and market dominance in the forecast period of 2022 to 2029.
- On the basis of raw material, the global polylactic acid (PLA) market is classified into five segments: corn, cassava, sugarcane, sugar beet, and others. In 2022, the sugarcane segment is expected to dominate the global polylactic acid (PLA) market with a 36.40% market share because it is a more beneficial raw material that produces a higher yield per hectare than other feedstocks such as corn or rice in the forecast period of 2022 to 2029.
- On the basis of form, the global polylactic acid (PLA) market is classified into four segments: Fiber, films and sheets, coatings, and others. In 2022, the films and sheets segment is expected to dominate the global polylactic acid (PLA) market with a 53.46% market share due to its low cost and wide assortment of colors and blends in the forecast period of 2022 to 2029.
- On the basis of application, the global polylactic acid (PLA) market is classified into eight segments: packaging, agriculture, transport, medical, electronics, textiles, hygiene, and others. In 2022, the packaging segment is expected to dominate the global polylactic acid (PLA) market with a 35.89% market share because the PLA-based materials used in the packaging can be compostable where commercial compost facilities are available, preventing them from being filled in landfills in the forecast period of 2022 to 2029.
In 2022, packaging segment dominate the application segment in global polylactic acid (PLA) market
In 2022, packaging segment dominate the global polylactic acid (PLA) market with a 35.89% market share due to the increasing demand for sustainable and biodegradable packaging alternatives. With growing environmental concerns and regulations promoting eco-friendly materials, industries are turning to PLA for its renewable and compostable properties. PLA's versatility, strength, and reduced environmental impact make it an ideal choice for various packaging applications, leading to its dominance in the market in the forecast period of 2022 to 2029
- On the basis of end-use, the global polylactic acid (PLA) market is classified into three segments: Plastic Films, bottles, and biodegradable medical devices. In 2022, the plastic films segment is expected to dominate the global polylactic acid (PLA) market with a 61.42% market share because of their flexibility and ease of molding in the forecast period of 2022 to 2029.
Major Players
Data Bridge Market Research recognizes the following companies as the major Global polylactic acid (PLA) market players in Global polylactic acid (PLA) market BASF SE (Germany), Futerro (Belgium), NatureWorks LLC (U.S.), TotalEnergies Corbion (Netherlands), Sulzer Ltd (Switzerland), Mitsubishi Chemical Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Merck KGaA (Germany), Musashino Chemical Laboratory, Ltd. (Japan),
Market Developments
- In May 2022, CJ BIO and NatureWorks LLC signed an agreement to develop high-performance PLA based biopolymers, aiming to replace fossil fuel-based plastics in various applications like compostable food packaging and personal care. This collaboration leverages their expertise as leaders in PHA and PLA production to advance sustainable alternatives for the packaging and healthcare industries.
- In January 2021: Evonik Industries acquired Lactel Absorbable Polymers from Durect Corporation, strengthening its position as a global leader in providing integrated CDMO for drug delivery solutions. This acquisition complements Evonik's Resomer product line, contributing to innovative healthcare solutions and expanding its capabilities in absorbable polymers.
- In March 2023: TotalEnergies Corbion, POSCO International, and ESOL announced a partnership focused on developing PLA recycling infrastructure and technology in South Korea. This collaboration aligns with the Korean Government's framework for achieving Carbon Neutrality, contributing to the sustainable management of PLA waste and promoting a circular economy.
- 0In April 202, NatureWorks LLC and Jabil Inc. teamed up to offer a novel powder based on Ingeo PLA for selective laser sintering 3D printing platforms. This cost-effective option exhibits lower sintering temperature and an 89% smaller carbon footprint compared to the conventional PA-12, advancing environmentally friendly 3D printing solutions.
Regional Analysis
Geographically, the countries covered in the Global polylactic acid (PLA) market report are U.S., Canada, Mexico, U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, and the Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and Rest of the Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in Global polylactic acid (PLA) market during the forecast period 2022 - 2029
The Asia-Pacific region holds a dominant position in the global polylactic acid (PLA) market, experiencing a robust Compound Annual Growth Rate (CAGR) of approximately 12.1%. This growth is attributed to various factors, including the region's large population, increasing awareness of sustainability, and government initiatives promoting eco-friendly materials. Additionally, the rising demand for biodegradable packaging alternatives in Asia-Pacific's booming packaging industry further drives PLA adoption.
North American is estimated to be the fastest growing region in Global polylactic acid (PLA) market the forecast period 2022 - 2029
In the North American region, the U.S. stands out as a major player due to the growing demand for bio-based polymer medical devices. With a strong focus on healthcare and a push for sustainable solutions, the U.S. healthcare sector embraces PLA-based medical devices as they offer biocompatibility and reduced environmental impact compared to traditional petroleum-based materials. This demand for eco-friendly medical products contributes to the dominance of the U.S. in the North American PLA market.
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