Global Polylactic Acid (PLA) Disposable Containers Market, By Product Type (Cups & Bowls, Clamshells, Trays & Lids, Sandwich Wedges), End Use Type (Food & Beverages, Cosmetics & Personal Care, Households), Sales Channel (Retail, E-commerce, Wholesale), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Polylactic Acid (PLA) Disposable Containers Market
The polylactic acid (PLA) disposable containers market is expected to witness market growth at a rate of approximately 7.0% in the forecast period of 2021 to 2028, and will reach the value of USD 5,000 million by 2028. Data Bridge Market Research report on polylactic acid (PLA) disposable containers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the biodegradable packaging sector is escalating the growth of polylactic acid (PLA) disposable containers market.
PLA, or Poly-Lactic Acid, refers to the type of product that is produced from fermented sugar and is used for the production of bio-based plastic. The product is known to have similar characteristics as other petroleum plastics, although it is biodegradable. Their production needs low amount of energy as compared to other polymers. PLA disposable containers are utilized for the packaging of food & beverages along with packaging of cosmetics and household material.
The increase in inclination toward lightweight packaging products across the globe acts as one of the major factors driving the growth of polylactic acid (PLA) disposable containers market. The rise in demand for the product from the end-use industries, such as agriculture, transport, textile, and packaging, among others, and increase in inclination towards polylactic acid (PLA) disposable containers over conventional plastics owning to the lesser carbon emissions produced by the product accelerate the market growth. The increase in need for packaged foods, snacks, Ready-to-Eat (RTE) meals because of the rising working class population, and high use in the production of microwaveable containers, such as disposable cutlery and food containers further influence the market. Additionally, urbanization, and rise in spending on food and beverages, improved lifestyle and rise in consciousness towards environment positively affect the polylactic acid (PLA) disposable containers market. Furthermore, the high need of reducing the carbon footprint extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, concerns regarding heat-sensitive nature of poly-lactic acid are expected to obstruct the market growth. The high cost of the biodegradable packaging products is projected to challenge the polylactic acid (PLA) disposable containers market in the forecast period of 2021-2028.
This polylactic acid (PLA) disposable containers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polylactic acid (PLA) disposable containers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polylactic Acid (PLA) Disposable Containers Market Scope and Market Size
The polylactic acid (PLA) disposable containers market is segmented on the basis of product type, end use type and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the polylactic acid (PLA) disposable containers market is segmented into cups & bowls, clamshells, trays & lids and sandwich wedges.
- On the basis of end use type, the polylactic acid (PLA) disposable containers market is segmented into food & beverages, cosmetics & personal care and households.
- On the basis of sales channel, the polylactic acid (PLA) disposable containers market is segmented into retail, e-commerce and wholesale.
Polylactic Acid (PLA) Disposable Containers Market Country Level Analysis
The polylactic acid (PLA) disposable containers market is analysed and market size, volume information is provided by country, product type, end use type and sales channel as referenced above.
The countries covered in the polylactic acid (PLA) disposable containers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polylactic acid (PLA) disposable containers market due to the high demand for bioplastics and initiatives promoting environmentally-friendly products by the regional government within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the rise in demand for PLA from key end-use sectors such as automobile, electronics, textile, appliance, and medical, among others.
The country section of the polylactic acid (PLA) disposable containers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polylactic Acid (PLA) Disposable Containers Market Share Analysis
The polylactic acid (PLA) disposable containers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polylactic acid (PLA) disposable containers market.
The major players covered in the polylactic acid (PLA) disposable containers market report are Amcor plc, Bemis Company Inc., Tetra Laval International SA., Mondi, WestRock Company, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air, Huhtamaki, Gerresheimer AG, BALL CORPORATION, Ardagh Group S.A., Crown Holdings, DS Smith, International Paper, Berry Global Inc., Reynolds, Genpack LLC, DuPont, Uflex Ltd. and Evergreen Packaging LLC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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