Polylactic Acid Market

   March 28 2019
According to a new market report published by Lucintel, the future of the polylactic acid market looks promising with opportunities in the packaging, bio-medical, textile, agriculture, and electronics end use industries. The global polylactic acid market is expected to reach an estimated $3.7 billion by 2024 with a CAGR of 13.8% from 2019 to 2024. The major growth drivers for this market are increasing government regulation, environment friendly and better mechanical properties as compared to other biopolymers.

Browse 134 market data tables and 171 figures spread through 242 pages and in-depth TOC on “Global Polylactic Acid Market"

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In this market, different types of polylactic acid such as PLLA, PDLA, and PDLLA are used as product type. The L-lactic product type is expected to remain the largest market and will witness highest growth during the forecast period due to its increasing usage in packaging, biomedical, textile, and agriculture industry. 

Within the polylactic acid market, packaging will remain the largest end use industry during the forecast period due to its biodegradable properties and favorable government policies. Lucintel predicts that the bio-medical end use is expected to witness the highest growth over the forecast period due its non-toxic and non-carcinogenic effects on human body.

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Europe is expected to remain the largest market and will witness the highest growth over the forecast period supported by stringent government regulations, biodegradable, and mechanical properties.

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Emerging trends, which have a direct impact on the dynamics of the polylactic acid industry, include development of high heat resistant polylactic acid and production of PLA from second generation feedstock. Natureworks, Total Corbion, Pyramid Bioplastic, Weforyou, and Zhejiang Hisun are among the major polylactic acid manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global polylactic acid market by product type, end use, raw material, product form, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global Polylactic Acid Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global polylactic acid market by product type, end use, raw material, product form, and region as follows:

By Product Type [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:

  • Poly(L-lactic) Acid

  • Poly(D-lactic) Acid

  • Poly(DL-lactic) Acid


By End Use [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:

  • Packaging

  • Bio-medical 

  • Textile

  • Agriculture

  • Electronics

  • Others 


By Raw Material [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:

  • Corn Starch

  • Sugarcane & Sugar Beet

  • Cassava

  • Others


By Product Form [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:

  • Film & Sheets

  • Fiber

  • Thermoforming

  • Coating

  • Others

 By Region [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • United Kingdom

  • Asia Pacific

    • China

    • India

    • Japan

  • The Rest of the World

    • Central and South America

    • Middle East and Africa

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This 242-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polylactic-acid-market.aspx or   helpdesk@lucintel.com.

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