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
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key market benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
2.2 Market Beyond: what to expect by 2025
2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.1 PLA vs. Polystyrene packaging - a comparison
3.2 Why use PLA based packaging?
3.3 Ban/restrictions on plastic bags creating market opportunities for PLA market
3.3.1 Africa
3.3.1.1 South Africa
3.3.1.2 Others
3.3.2 Asia Pacific
3.3.2.1 Australia
3.3.2.2 Bangladesh
3.3.2.3 China
3.3.2.4 India
3.3.2.5 Hong Kong
3.3.2.6 New Zealand
3.3.2.7 Taiwan
3.3.3 Europe and the Middle East
3.3.3.1 Denmark
3.3.3.2 France
3.3.3.3 Germany
3.3.3.4 United Kingdom
3.3.4 The Americas
3.3.4.1 Canada
3.3.4.2 Mexico
3.3.4.3 United States
3.4 Key findings
3.4.1 Top impacting factor
3.4.2 Top investment pockets
3.5 Porter’s Five Force Analysis
3.5.1 High bargaining power of suppliers
3.5.2 High bargaining power of buyer
3.5.3 Low threat of new entrant
3.5.4 High threat of substitute
3.5.5 Moderate competitive rivalry in the market
3.1 Value chain analysis
3.2 Raw Material Analysis
3.2.1 Corn
3.2.2 Tapioca
3.2.3 Sugarcane
3.2.4 Others
3.3 Drivers
3.3.1 Increasing environmental awareness
3.3.2 Government incentives
3.3.3 Unique physical properties
3.3.4 Easy availability of raw material
3.4 Restraints
3.4.1 Need Of industrial composting
3.4.2 Agricultural fibre alternatives
3.4.3 High cost of raw material
3.5 Opportunities
3.5.1 Reinforcement of PLA with other materials
3.5.2 Advancement in PLA features
3.5.3 Production Of PLA from second generation biomass
3.5.4 Increase demand in end user industries
CHAPTER 4 GLOBAL PLA MARKET, BY APPLICATIONS
4.1 Packaging
4.1.1 Market size and forecast
4.2 Textile (woven & non-woven)
4.2.1 Market size and forecast
4.3 Agriculture
4.3.1 Market size and forecast
4.4 Bio-medical
4.4.1 Market size and forecast
4.5 Electronics
4.5.1 Market size and forecast
4.6 Others
4.6.1 Market size and forecast
CHAPTER 5 GLOBAL POLYLACTIC ACID MARKET, BY GEOGRAPHY
5.1 North America
5.1.1 Market size and forecast
5.2 Europe
5.2.1 Market size and forecast
5.3 Asia-Pacific
5.3.1 Market size and forecast
5.3.2 China
5.3.2.1 Market size and forecast
5.3.3 Japan
5.3.3.1 Market size and forecast
5.3.4 Thailand
5.3.4.1 Market size and forecast
5.3.5 Rest of APAC
5.3.5.1 Market size and forecast
5.4 LAMEA
5.4.1 Market size and forecast
CHAPTER 6 COMPANY PROFILES
6.1 NatureWorks LLC
6.1.1 Company overview
6.1.2 Company snapshot
6.1.3 Business performance
6.1.4 Strategic moves and developments
6.1.5 Swot analysis of NatureWorks LLC
6.2 Corbion Purac
6.2.1 Company Overview
6.2.2 Business performance
6.2.3 Strategic moves and developments
6.2.3.1 Primary strategy: joint venture and partnership
6.2.3.2 secondary strategy: expansion
6.2.4 Swot analysis of Corbion Corbion Purac
6.3 Hisun Biomaterials
6.3.1 Company Overview
6.3.2 Strategic moves and developments
6.3.3 Swot analysis of Hisun Biomaterials
6.5 Synbra Technology bv
6.5.1 Company Overview
6.6 Nantong Jiuding Biological Engineering Co. Ltd.
6.6.1 Company Overview
6.7 Chongqing bofei biochemical products ltd.
6.7.1 Company Overview
6.8 Futerro
6.8.1 Company overview
List of Figures
FIG. 1 TOP IMPACTING FACTORS, MODERATE GROWTH SCENARIO (2020 - 2025)
FIG. 2 TOP IMPACTING FACTORS, RAPID GROWTH SCENARIO (2020 - 2025)
FIG. 3 TOP IMPACTING FACTORS, CRITICAL GROWTH SCENARIO (2020 - 2025)
FIG. 4 TOP FACTORS IMPACTING WORLD PLA MARKET
FIG. 5 TOP INVESTMENT POCKET
FIG. 6 PORTER’S FIVE FORCE ANALYSIS OF GLOBAL HERBICIDE MARKET
FIG. 7 VALUE CHAIN ANALYSIS OF WORLD PLA MARKET
FIG. 8 SWOT ANALYSIS OF NATUREWORKS LLC
FIG. 9 CORBION PURAC ANNUAL NET SALES, $ MILLION
FIG. 10 CORBION PURAC NET SALES, BY GEOGRAPHY-2014
FIG. 11 SWOT ANALYSIS OF CORBION PURAC
FIG. 12 SWOT ANALYSIS OF HISUN BIOMATERIALS
List of Tables
TABLE 1 WORLD PLA MARKET VOLUME, BY GEOGRAPHY, 2014-2020, (KILO TON)
TABLE 2 WORLD PLA MARKET REVENUE, BY GEOGRAPHY, 2014-2020, ($ MILLION)
TABLE 1 WORLD POLYLACTIC ACID MARKET MODERATE GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 - 2025 (KILO TON)
TABLE 2 WORLD POLYLACTIC ACID MARKET MODERATE GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 - 2025 ($MILLION)
TABLE 3 WORLD POLYLACTIC ACID MARKET RAPID GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 - 2025 (KILO TON)
TABLE 4 WORLD POLYLACTIC ACID MARKET RAPID GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 - 2025 ($MILLION)
TABLE 5 WORLD POLYLACTIC ACID MARKET CRITICAL GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 - 2025 (KILO TON)
TABLE 6 WORLD POLYLACTIC ACID MARKET CRITICAL GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 - 2025 ($MILLION)
TABLE 1 WORLD POLY LACTIC ACID MARKET, BY APPLICATION, VOLUME (KILO TON), 2014-2020
TABLE 2 WORLD POLY LACTIC ACID MARKET, BY APPLICATION, REVENUE($MILLION), 2014-2020
TABLE 3 WORLD POLY LACTIC ACID PACKAGING APPLICATION MARKET, BY VOLUME (KILO TON), 2014 - 2020
TABLE 4 WORLD POLY LACTIC ACID PACKAGING APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 - 2020
TABLE 5 WORLD POLY LACTIC ACID TEXTILE APPLICATION MARKET, BY VOLUME (KILO TON), 2014 - 2020
TABLE 6 WORLD POLY LACTIC ACID TEXTILE APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 - 2020
TABLE 7 WORLD POLY LACTIC ACID AGRICULTURAL APPLICATION MARKET, BY VOLUME (KILO TON), 2014 - 2020
TABLE 8 WORLD POLY LACTIC ACID AGRICULTURAL APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 - 2020
TABLE 9 WORLD POLY LACTIC ACID BIO-MEDICAL APPLICATION MARKET, BY VOLUME (KILO TON), 2014 - 2020
TABLE 10 WORLD POLY LACTIC ACID BIO-MEDICAL APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 - 2020
TABLE 11 WORLD POLY LACTIC ACID ELECTRONICS APPLICATION MARKET, BY VOLUME (KILO TON), 2014 - 2020
TABLE 12 WORLD POLY LACTIC ACID ELECTRNICS APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 - 2020
TABLE 13 WORLD POLY LACTIC ACID OTHER APPLICATION MARKET, BY VOLUME (KILO TON), 2014 - 2020
TABLE 14 WORLD POLY LACTIC ACID OTHER APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 - 2020
TABLE 15 WORLD POLY LACTIC ACID MARKET, BY GEOGRAPHY, VOLUME (KILO TON), 2014-2020
TABLE 16 WORLD POLY LACTIC ACID MARKET, BY GEOGRAPHY, REVENUE($MILLION), 2014-2020
TABLE 17 NORTH AMERICA POLY LACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 - 2020
TABLE 18 NORTH AMERICA POLY LACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 - 2020
TABLE 19 EUROPE POLY LACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 - 2020
TABLE 20 EUROPE POLY LACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 - 2020
TABLE 21 ASIA PACIFIC POLY LACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 - 2020
TABLE 22 ASIA PACIFIC POLY LACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 - 2020
TABLE 23 CHINA PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 24 JAPAN PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 25 THAILAND PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 26 REST OF APAC PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 27 LAMEA POLY LACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 - 2020
TABLE 28 ASIA PACIFIC POLY LACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 - 2020
TABLE 29 NATUREWORKS SNAPSHOT
TABLE 30 CORBION PURAC SNAPSHOT
TABLE 31 HISUN BIOMATERIALS
TABLE 32 NANTONG JIUDING BIOLOGICAL ENGINEERING CO. LTD. SNAPSHOT
TABLE 33 CHONGQING BOFEI BIOCHEMICAL PRODUCTS CO., LTD. SNAPSHOT
TABLE 34 DOW CHEMICALS CORPORATION BUSINESS SNAPSHOT
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Published On : December 2019
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