Polylactic Acid Market is anticipated to witness significant growth by reaching 629 thousand tonnes in 2024, growing at a healthy CAGR of 15.62% during the forecast period. Favourable government policies toward bioplastics, rising demand for biodegradable plastic in the packaging and agriculture industries, rising consumer awareness for environmentally friendly plastic products, increasing government focus on biodegradable plastic, and stringent government laws prohibiting the use of plastic bags and other plastic items are projected to drive the market ahead.
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Efforts taken to control pollution and growing preference for environment friendly materials are boosting the market for biodegradable commodities like Polylactic acid. Technological innovation and increasing customer demand are critical drivers for new incoming large build ups in the packaging, textile, and electronics industries in developing countries like India and China.
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Polylactic acid, also known as polylactide, is a biodegradable and bioactive polyester composed of lactic acid building blocks. Polylactic acid (PLA) is one of the most promising biodegradable polymers (biopolymer) now, and it's been the topic of a lot of research in the previous decade. It is a thermoplastic aliphatic polymer having good mechanical properties and a semi-crystalline, biodegradable hydrophobic nature. Most notably, Polylactic acid is compostable, meaning it may degrade into biodegradable components under certain conditions, making it a popular material for packaging in industries such as food and beverage and consumer goods. Polylactic acid accounts for the majority of viable bioplastic in the industry. Because of the rising demand and pricing for petroleum and petroleum-based products such as synthetic plastics, the industry prefers Polylactic acid over conventional plastic. Bioplastics are made from organic biomass resources such as corn, sugarcane, and other plants, rather than traditional sources such as petroleum.
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The government is taking necessary steps to increase the use of biodegradable products by offering subsidies. Pollution control and environmental safety are two of the main reasons why more and more stakeholders are turning to bioplastics instead of petroleum-based plastics.
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New manufacturing facilities in the packaging, textiles, and electronics industries are being created because of technology advancements, technological transfer from rich countries, and increasing consumer demand in developing countries. Polylactic acid demand from these industries is a key market growth driver in developing countries.
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Based on end use industries, market is segmented into Packaging (Flexible & Rigid Packaging), Consumer Goods, Textile Industry, Agriculture, Electronics, and Others. Polylactic acid accounted for the highest market share in the packaging business, followed by the biomedical field and agriculture/horticulture. The packaging sector and the biomedical field accounts for more than 50% of the total PLA market in 2024. During the forecast period, polylactic acid demand will be driven exclusively by the packaging and biomedical industries.
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The regional market studies include North America (US, Canada), Latin America (Mexico, Brazil), Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East, and Africa). Due to the shortage of natural resources, polylactic acid is not produced in many regions. Corn's use in the production of Polylactic acid would reduce its contribution to the food industry, causing food security concerns in poorer countries. The production cost of bioplastics is at least two to three times that of synthetic plastics. Furthermore, technical and resource management research is required for more cost-effective Polylactic acid synthesis.Ìý
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Some of the major players operating in the Polylactic Acid market NatureWorks LLC, COFCO Biochemical, Jilin COFCO Biomaterial, Total Corbion PLA, BASF SE, PLIITH Biotechnology, Ningxia Qiyu, and Other.
Years considered for this report:
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Historical Period: 2015-2023
Base Year: 2024
Estimated Year: 2025
Forecast Period: 2026–2035
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Objective of the Study:Ìý
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• To assess the demand-supply scenario of Polylactic Acid which covers production, demand and supply of Polylactic Acid market globally.
• To analyse and forecast the market size of Polylactic Acid.
• To classify and forecast Polylactic Acid market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for Polylactic Acid market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Polylactic Acid market.
• To identify and analyse the profile of leading players involved in the manufacturing of Polylactic Acid.
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To extract data for Polylactic Acid market, primary research surveys were conducted with Polylactic Acid manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ¹û½´ÊÓÆµ was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ¹û½´ÊÓÆµ analyzed various end user segments and projected a positive outlook for Global Polylactic Acid market over the coming years.Ìý
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¹û½´ÊÓÆµ calculated Polylactic Acid demand globally by analyzing the historical data and demand forecast which was carried out considering imported monomers used for production of Polylactic Acid. ¹û½´ÊÓÆµ sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ¹û½´ÊÓÆµ.Ìý
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Key Target Audience:
• Polylactic Acid manufacturers and other stakeholders
• Organizations, forums, and alliances related to Polylactic AcidÌý
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
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The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polylactic Acid manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
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In this report, Polylactic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume by 2035
Ìý3070 thousand Tonnes
Growth Rate
CAGR of 15.62 % from 2025 to 2035
Base year for estimation
2025
Historic Data
2015Ìý– 2024
Forecast period
2026 – 2035
Quantitative units
Demand in Thousand Tonnes and CAGR from 2025 to 2035
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Market Data & Insights
Table of Content
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1. Industry Market SizeÌý
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Polylactic Acid market in terms of value and volume.
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2. Capacity By CompanyÌý
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Polylactic Acid.
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3. Capacity By LocationÌý
To better understand the regional supply of Polylactic Acid by analyzing its manufacturers' location-based capacity.
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4. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
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5. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.Ìý
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6. Production By Company [Quarterly Update]
Study the historical annual production of Polylactic Acid by the leading players and forecast how it will grow in the coming years.
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7. Demand by End- UseÌý[Quarterly Update]
Discover which end-user industry (Packaging, Agriculture, Textile, Electronic Appliances, and Others) are creating a market and the forecast for the growth of the Polylactic Acid market.Ìý
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8. Demand by Region
Analyzing the change in demand of Polylactic Acid in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.Ìý
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9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Polylactic Acid. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
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10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polylactic Acid.
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11. Company Share
Figure out what proportion of the market share of Polylactic Acid is currently held by leading players across the globe.Ìý
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12. Country-wise Export
Get details about quantity of Polylactic Acid exported by major countries.Ìý
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13. Country-wise Import
Get details about quantity of Polylactic Acid imported by major countries.
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14. Manufacturing Process
Discover insights into the intricate manufacturing process of Polylactic Acid.
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15. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Polylactic Acid market.
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Which region demands the maximum share in the Polylactic Acid market as of 2024?
Ans:
The Asia Pacific region accounts for the maximum share in the Polylactic Acid market owing to the developments and investments in the major end-user industries.Ìý
Q2.
What are the major end-use applications of Polylactic Acid?Ìý
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Polylactic Acid is widely used in an array of applications including Packaging (Flexible & Rigid Packaging), Consumer Goods, Textile Industry, Agriculture, Electronics, and Others.
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Ans:
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