Bio-Polylactic Acid (PLA) Market Research Report: Information by Region (Europe, Asia Pacific, North America and South America), Type and Application, Forecast to 2030 (Financial Impact Analysis)
ID : MRU_
96125 | Date :
Jan, 2023 | Pages :
160 | Region : Global |
Publisher : MRU
The Global Bio-Polylactic Acid (PLA) Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
Polylactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such as starch and sugar.
The PLA market is segmented on the basis of raw material, form, and end-user industry. Based on the raw material, corn has the largest share of approximately 60% as it is being increasingly used as a substitute for the conventional petroleum-based plastics. There are growing government initiatives in countries like China to boost the production of bioplastics in order to utilize its massive corn stock.
North America is the current market leader for bio-PLA accounting to share of approximately 33%.
As the report focuses on global Bio-Polylactic Acid (PLA) Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
This report focuses on Bio-Polylactic Acid (PLA) volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Bio-Polylactic Acid (PLA) market size by analysing historical data and future prospect.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Teijin
Toray
Mitsubishi Chemical
Eastman Chemicals
BASF
Bayer
DowDuPont
Natureworks
Synbra Technology
NatureWorks
Futerro
Toyobo
Sulzer
Jiuding Biological Engineering
Henen Jindan Lactic Acid Technology In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Poly(L-lactic)acid
Poly(D-lactic)acid
Poly(DL-lactic)acid In Market segmentation by applications :
Packaging
Automotive
Medical
Electronics
Agriculture
Textiles
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Bio-Polylactic Acid (PLA) Market for the forecast period 2023 - 2030?
• What are the driving forces in the Bio-Polylactic Acid (PLA) Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Bio-Polylactic Acid (PLA) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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