Polylactic Acid Market Size, Share, Industry Trends, 2035

1. Polylactic Acid (PLA) Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Regional Demand, 2015-2035 Polylactic Acid Market is anticipated to witness significant growth by reaching 2070 thousand tonnes in 2035, growing at a healthy CAGR of 14.50% 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. Read Full Report Here @ https://www.chemanalyst.com/industry-report/polylactic-acid-pla- market-673 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. 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) at the moment, 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

2. 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. 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. 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. Based on end use industries, market is segmented into Packaging industry, Biomedical field, Textile/ sanitary product/ fibre & fabrics, Agriculture/horticulture, Construction materials, and Fishing materials. 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 60% of the total PLA market in 2021. During the forecast period, polylactic acid demand will be driven exclusively by the packaging and biomedical industries. Regional Outlook: 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. Key Players: •BASF SE •Yara International ASA •Futerro PLA •Zhejiang Hisun Biomaterials Co. Ltd •Jilin Cofco Biomaterials Co. Ltd. •Total Corbion PLA •Nature Works •Total Corbion •Futerro (GALACTIC) •Corbion and Total • Synbra Technology BV •Sulzer Ltd and Other

3. Years considered for this report: Historical Period: 2015-2020 Base Year: 2021 Estimated Year: 2022 Forecast Period: 2023–2035 Objective of the Study: •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 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.

4. •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. 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, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Polylactic Acid market over the coming years. ChemAnalyst 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. ChemAnalyst 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 ChemAnalyst. Key Target Audience: •Polylactic Acid manufacturers and other stakeholders •Organizations, forums, and alliances related to Polylactic Acid •Government bodies such as regulating authorities and policy makers •Market research organizations and consulting companies 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.

5. Report Scope: In this report, Polylactic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute Details 2070 thousand Tonnes Market size volume in 2035 Growth Rate CAGR of 14.50% from 2022 to 2035 Base year for estimation 2022 Historic Data 2015 – 2021 Forecast period 2022 – 2035 Quantitative units Demand in Thousand Tonnes and CAGR from 2022 to 2035 Report coverage Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends Segments covered 1. End-Use: (Agriculture, Chemical, Medical, and Others) 2. Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders) Regional scope North America; Europe; Asia Pacific; South America; Middle East & Africa Country scope United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina Key companies profiled BASF SE, Yara International ASA, Futerro PLA, Zhejiang Hisun Biomaterials Co. Ltd, Jilin Cofco Biomaterials Co. Ltd., Total Corbion PLA, Nature Works, Total Corbion, Futerro (GALACTIC), Corbion and Total, Synbra Technology BV, Sulzer Ltd and Other Customization scope Free report customization with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options TABLE OF CONTENTS: 1.Global Polylactic Acid Market Outlook, 2015-2035 1.1.Capacity, By Volume 1.1.1.By Company 1.2.Production, By Volume 1.2.1.By Company 1.3.Operating Efficiency 1.3.1.By Company 2.Global Polylactic Acid Demand Outlook, 2015-2035, By Volume 2.1.By End-Use 2.2.By Region

6. 2.3.By Company 3.North America Polylactic Acid Market Outlook, 2015-2035 3.1.Capacity, By Volume 3.1.1.By Country 3.2.Production 3.2.1.By Country 3.3.Operating Efficiency 3.3.1.By Country 4.North America Polylactic Acid Demand Outlook, 2015-2035, By Volume 4.1.By End-Use 4.2.By Country View Full TOC @ https://www.chemanalyst.com/industry-report/polylactic-acid-pla-market-673 About ChemAnalyst ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country. ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries. ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform. For more information, please visit us at www.chemanalyst.com Contact Us: Nilesh Vishwakarma B-44 Sector-57 Noida, National Capital Region Tel: 0120-4523948 Mob: +91-8882336899 Email: info@chemanalyst.com