Polylactic Acid Market (By Type - Packaging, Agriculture, Transport, Electronics, Textiles, Others; By End-use - Industrial, Food & Beverage, Pharmaceuticals, Personal Care) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 160

Introduction 

The global Polylactic Acid (PLA) market is anticipated to grow at considerable CAGR around 15.12% over the forecast period and reach US$ 4.10 Bn by 2026. Polylactic acid (PLA) is a compostable and recyclable thermoplastic created from fermentable sugar available in various renewable sources, including tapioca roots sugarcane, corn starch, and wheat. Polylactic acid is widely used in various packaging applications of food, beverages and other consumer product that has short shelf-life.  Easy availability and low cost of raw material are some of the factors responsible for the market growth. The report provides analysis of global Polylactic Acid (PLA) market for the period 2015-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. 

Market Dynamics

Growing application in the cosmetics and personal care industry, ongoing advancements in science and technology, increasing consumer awareness and government incentives across the globe are some of the major factors driving the global polylactic acid (PLA) market growth. Rapid introduction of sophisticated and advanced products along for a particular consumer group are anticipated to fuel the market growth. Growing utilization of the product in a variety of industries such as agriculture, packaging, electronics, transport, and textiles is fueling the growth of the market. The demand for polyactic acid products are increasing in the personal or skin care industry as the product improves skin lightening effects, accelerates cell renewal and exfoliation and enhances the collagen & elastin synthesis. Sugarcane-based lactic acid is projected to witness a high demand over the forecast years due to various research & development initiatives conducted in order to extend new manufacturing processes to support the production of bioplastics & biochemical made from sustainable feedstock. Rising consumption of biodegradable polymers and growing composting infrastructure are propelling the market growth. Growing focus on product development, rising investments in research & development activities and increasing production capacities are expected to spur the overall market growth. However, factors such as high production cost and availability of alternatives may hamper the global polylactic acid (PLA) market growth.

Market Segmentation

Market by Type

  • Packaging
  • Agriculture
  • Transport
  • Electronics
  • Textiles
  • Others

Market by End-use

  • Industrial
  • Food & Beverage
  • Pharmaceuticals
  • Personal Care

Market by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

The market research study on “Polylactic Acid Market (By Type - Packaging, Agriculture, Transport, Electronics, Textiles, Others; By End-use - Industrial, Food & Beverage, Pharmaceuticals, Personal Care) - Global Industry Size, Share, Trends and Forecast 2018 - 2026” offers a detailed insights on global polylactic acid (PLA) market providing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global polylactic acid (PLA) market by application, end-use and major geographic regions. The report also covers development policies. Secondly, the report covers global polylactic acid (PLA) market size and segment markets by application, end-use and geography along with the information on companies operating in the market. 

Market Participants

The global Polylactic Acid (PLA) market is characterized by the presence of experienced and established pl-ayers. Some of the key players include Danimer Scientific LLC, Zhejiang Hisun Biomaterials Co., Ltd, Nature Works LLC, Nantong Jiuding Biological Engineering Co., Ltd, Spectrum Chemical Manufacturing Corp. NatureWorks LLC, Synbra Technology BV, Hawkins, Inc., Corbion Purac and Chongqing Bofei Biochemical Products Co. Ltd. Prominent market players in the market are mainly focusing on offering environment-friendly solutions.


Related Reports

Gravure Printing Inks Market (By Resin: Acrylic, Nitrocellulose, Polyamide, Polyurethane, Others (including Polyester, Maleic, Ketonic, and Polyvinyl); By Technology: Solvent-based, Water-based, Others (including UV-curable); By Application: Furniture, Packaging, Publication, Others (including Wrapping Paper, Wallpaper, Textile, and Label)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction: Gravure printing ink comprises of solid resins, pigments, volatile solvents, additives, and fillers. It contains no vegetable oil, and its drying strategies are generally volatile. Gravure printing includes etching and uses a turning printing press. Solvents are utilized to break down or scatter all the strong parts of the ink, wet the outside of the substrate, direct

Polymethyl Methacrylate (PMMA) Market (By Product Type: Extruded Sheets, Acrylic Beads, Pellets, Others; By End Use: Construction, Automotive, Signs & Displays, Electronics, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Polymethyl Methacrylate market is expected to grow at noteworthy CAGR around 8 % throughout the forecast period and reach around US$ 8.4 billion by 2026. Polymethyl methacrylate (PMMA) is a synthetic resin that is made of methyl methacrylate polymerisation. It

Plating on Plastics Market (By Plating Type: Nickel, Chrome, Others; By Base Material: PEI, PET, PBT, PC, ABS, ABS/PC, Nylon, Others; By Application: Automotive, Electrical & Electronics, Construction & Building, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Plating on Plastics market is expected to grow at noteworthy CAGR around 7.1 % throughout the forecast period and reach around US$ 1 billion by 2026. Plastic placing indicates the use of the electroplating technology to apply metal coating to plastic. In order

Phosphorus Trichloride Market (By Grade: Analytical Reagent, Pure; By Application: Agrochemicals, Chemical Intermediates, Phosphorus Oxychloride, Pharmaceuticals, Plasticizers, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Phosphorus Trichloride market is expected to grow at noteworthy CAGR around 5 % throughout the forecast period and reach around US$ 2.2 billion by 2026. Phosphorus trichloride is a fluid that smokes colorlessly or slightly yellow. Similar to hydro chlorine acid

Nitrocellulose Market (By Application: Printing inks, Leather finishes, Nail Varnishes, Automotive paints, Wood coatings, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Nitrocellulose market is expected to grow at noteworthy CAGR around 6 % throughout the forecast period and reach around US$ 1.2 billion by 2026. Nitrocellulose is a compound that is highly inflammable produced by cellulose, nitric acid, or other strong nitrate

Cart Summary