Polylactic acid (PLA) is a bio-degradable thermoplastic aliphatic polymer produced from lactic acid using various crops like corn, sugarcane, tapioca etc. as a raw material. Similar to other sustainable bioplastics, PLA has a huge market potential to be used in various packaging applications of food, beverages and other consumer product that have short shelf-life. Additionally, owing to its versatile characteristics, the material can be used in various high value applications in numerous end-user industries including textiles, constructions and automotive. Therefore, the production and consumption of the sustainable material is being facilitated by various governments around the world.
Increasing consumer awareness, government incentives and easy availability of raw materials are the major factors driving market growth. However, the cost of PLA is comparatively higher than synthetic plastics, thus becoming a primary restraining factor for the market growth.
The global PLA market has been segmented based on applications as packaging, agriculture, electronics, textiles, bio-medical and others. In 2014, packaging application garners the highest share of 65.2% in the in global PLA market. This is principally due to the unique mechanical, thermal and barrier properties of PLA, which makes it a suitable material for packaging applications. Based on geography, the global polylactic acid market has been segmented into North America, Europe, Asia-Pacific and LAMEA regions. North America is the largest producer and consumer of PLA and accounted for about 49.6% of the global consumption in 2014. The North American region would continue to lead the market owing to large production capacity, feedstock abundancy, supportive legal framework, and rising consumer awareness for sustainability. However, the Asia Pacific market would grow at the highest rate due to upcoming production facilities in China and Thailand coupled with growing adoption of PLA in China, Thailand, Japan, South Korea and Taiwan.
The leading market players profiled in this report includes NatureWorks LLC, Synbra, Corbion Purac, Hisun Biomaterials, Nantong Jiuding Biological Engineering Co. Ltd, Chongqing bofei biochemical products co., ltd. and Futerro.
KEY MARKET BENEFITS:
KEY MARKET SEGMENTS:
World Polylatic acid (PLA) market is segmented based on its applications and geography.
MARKET BY APPLICATION
MARKET BY GEOGRAPHY
SIMILAR MARKET STUDIES
In this report, the global Fax Paper Rolls market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales ...
March 2017 | $4000 | View Details >>
Notes: Sales, means the sales volume of Metconazole (CAS 125116-23-6) Revenue, means the sales value of Metconazole (CAS 125116-23-6) This report studies sales (consumption) of Metconazole (CAS 125116-23-6) in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share ...
February 2017 | $4000 | View Details >>
The Global Polylactice Acid (PLA) Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Polylactice Acid (PLA) industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Polylactice Acid (PLA) market analysis is ...
January 2016 | $2800 | View Details >>
Gens report, Global Trans-1,2-Dichloroethylene Market Outlook 2016-2021 provides detailed market and segment level data on the Global and Chinese consumption of Trans-1,2-Dichloroethylene. The report provides historic, forecast and growth patterns by company, country and type/application from 2016 to 2021. This report delivers an extensive overview of Global Trans-1,2-Dichloroethylene industry with a ...
December 2015 | $2800 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research