Lactic Acid and Poly Lactic Acid (PLA) Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
8642 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : 99 Strategy
Polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable resources, such as corn starch (in the United States and Canada), cassava roots, chips or starch (mostly in Asia), or sugarcane (in the rest of the world). In 2010, PLA had the second highest consumption volume of any bioplastic of the world.
The use of lactic acid in the manufacture of biodegradable plastics is one of the key growth factors of the lactic acid market. Rising environmental concerns due to dumping of plastics in landfills is promoting the use of bioplastics, which is indirectly benefitting the lactic acid market. Lactic acid is a carboxylic acid that is used across a host of end-use industries owing to its chemical properties. The increasing application of polylactic acid in the packaging industry is estimated to fuel growth of the polylactic acid market in the following years. The introduction of bio-based plastics and their increased usage in the food and beverage industry is expected to extend growth opportunities for the polylactic acid market in the near future. Polylactic is one of the most sought-after bioplastics and is an effective substitute to traditional petroleum-based plastics. Rising crude oil price are also estimated to drive the global PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products. North America is the largest market for global lactic acid & poly lactic acid market. Changing lifestyles along with rising consciousness regarding the enhancement of the overall personality of an individual in various countries including India, China, Malaysia, and Sri Lanka is expected to drive the global cosmetics market, which in turn is likely to spur growth.
The Global Lactic Acid and Poly Lactic 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.
As the report focuses on global Lactic Acid and Poly Lactic 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.
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-
BASF
Danimer Scientific
Henan Jindan Lactic Acid Technology
Synbra Technology
Dow Chemical
Corbion
Natureworks
Teijin
Wei Mon Industry
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:
Lactic Acid
Poly Lactic Acid (PLA)
In Market segmentation by applications :
Industrial
Personal Care
Packaging
Petroleum Based Products
Textiles
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 Lactic Acid and Poly Lactic Acid (PLA) Market for the forecast period 2023-2030?
• What are the driving forces in the Lactic Acid and Poly Lactic 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 Lactic Acid and Poly Lactic 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.
Table of Contents
1 Report Overview
1.1 Research Scope
1.2 Major Manufacturers Covered in This Report
1.3 Market Segment by Type
1.3.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Size Growth Rate by Type (2020-2030)
1.3.2 Lactic Acid
1.3.3 Poly Lactic Acid (PLA)
1.4 Market Segment by Application
1.4.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Share by Application (2020-2030)
1.4.2 Industrial
1.4.3 Personal Care
1.4.4 Packaging
1.4.5 Petroleum Based Products
1.4.6 Textiles
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Production and Capacity Analysis
2.1.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value 2015-2030
2.1.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production 2015-2030
2.1.3 Global Lactic Acid and Poly Lactic Acid (PLA) Capacity 2015-2030
2.1.4 Global Lactic Acid and Poly Lactic Acid (PLA) Marketing Pricing and Trends
2.2 Key Producers Growth Rate (CAGR) 2020-2030
2.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Size CAGR of Key Regions
2.2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Market Share of Key Regions
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
3 Market Share by Manufacturers
3.1 Capacity and Production by Manufacturers
3.1.1 Global Lactic Acid and Poly Lactic Acid (PLA) Capacity by Manufacturers
3.1.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Manufacturers
3.2 Revenue by Manufacturers
3.2.1 Lactic Acid and Poly Lactic Acid (PLA) Revenue by Manufacturers (2018 - 2022)
3.2.2 Lactic Acid and Poly Lactic Acid (PLA) Revenue Share by Manufacturers (2018 - 2022)
3.2.3 Global Lactic Acid and Poly Lactic Acid (PLA) Market Concentration Ratio (CR5 and HHI)
3.3 Lactic Acid and Poly Lactic Acid (PLA) Price by Manufacturers
3.4 Key Manufacturers Lactic Acid and Poly Lactic Acid (PLA) Plants/Factories Distribution and Area Served
3.5 Date of Key Manufacturers Enter into Lactic Acid and Poly Lactic Acid (PLA) Market
3.6 Key Manufacturers Lactic Acid and Poly Lactic Acid (PLA) Product Offered
3.7 Mergers & Acquisitions, Expansion Plans
4 Market Size by Type
4.1 Production and Production Value for Each Type
4.1.1 Lactic Acid Production and Production Value (2018 - 2022)
4.1.2 Poly Lactic Acid (PLA) Production and Production Value (2018 - 2022)
4.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Market Share by Type
4.3 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Market Share by Type
4.4 Lactic Acid and Poly Lactic Acid (PLA) Ex-factory Price by Type
5 Market Size by Application
5.1 Overview
5.2 Global Lactic Acid and Poly Lactic Acid (PLA) Consumption by Application
6 Production by Regions
6.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production (History Data) by Regions 2018 - 2022
6.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value (History Data) by Regions
6.3 United States
6.3.1 United States Lactic Acid and Poly Lactic Acid (PLA) Production Growth Rate 2018 - 2022
6.3.2 United States Lactic Acid and Poly Lactic Acid (PLA) Production Value Growth Rate 2018 - 2022
6.3.3 Key Players in United States
6.3.4 United States Lactic Acid and Poly Lactic Acid (PLA) Import & Export
6.4 European Union
6.4.1 European Union Lactic Acid and Poly Lactic Acid (PLA) Production Growth Rate 2018 - 2022
6.4.2 European Union Lactic Acid and Poly Lactic Acid (PLA) Production Value Growth Rate 2018 - 2022
6.4.3 Key Players in European Union
6.4.4 European Union Lactic Acid and Poly Lactic Acid (PLA) Import & Export
6.5 China
6.5.1 China Lactic Acid and Poly Lactic Acid (PLA) Production Growth Rate 2018 - 2022
6.5.2 China Lactic Acid and Poly Lactic Acid (PLA) Production Value Growth Rate 2018 - 2022
6.5.3 Key Players in China
6.5.4 China Lactic Acid and Poly Lactic Acid (PLA) Import & Export
6.6 Rest of World
6.6.1 Japan
6.6.2 Korea
6.6.3 India
6.6.4 Southeast Asia
7 Lactic Acid and Poly Lactic Acid (PLA) Consumption by Regions
7.1 Global Lactic Acid and Poly Lactic Acid (PLA) Consumption (History Data) by Regions
7.2 United States
7.2.1 United States Lactic Acid and Poly Lactic Acid (PLA) Consumption by Type
7.2.2 United States Lactic Acid and Poly Lactic Acid (PLA) Consumption by Application
7.3 European Union
7.3.1 European Union Lactic Acid and Poly Lactic Acid (PLA) Consumption by Type
7.3.2 European Union Lactic Acid and Poly Lactic Acid (PLA) Consumption by Application
7.4 China
7.4.1 China Lactic Acid and Poly Lactic Acid (PLA) Consumption by Type
7.4.2 China Lactic Acid and Poly Lactic Acid (PLA) Consumption by Application
7.5 Rest of World
7.5.1 Rest of World Lactic Acid and Poly Lactic Acid (PLA) Consumption by Type
7.5.2 Rest of World Lactic Acid and Poly Lactic Acid (PLA) Consumption by Application
7.5.1 Japan
7.5.2 Korea
7.5.3 India
7.5.4 Southeast Asia
8 Company Profiles
8.1 BASF
8.1.1 BASF Company Details
8.1.2 Company Description and Business Overview
8.1.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.1.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.1.5 BASF Recent Development
8.2 Danimer Scientific
8.2.1 Danimer Scientific Company Details
8.2.2 Company Description and Business Overview
8.2.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.2.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.2.5 Danimer Scientific Recent Development
8.3 Henan Jindan Lactic Acid Technology
8.3.1 Henan Jindan Lactic Acid Technology Company Details
8.3.2 Company Description and Business Overview
8.3.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.3.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.3.5 Henan Jindan Lactic Acid Technology Recent Development
8.4 Synbra Technology
8.4.1 Synbra Technology Company Details
8.4.2 Company Description and Business Overview
8.4.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.4.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.4.5 Synbra Technology Recent Development
8.5 Dow Chemical
8.5.1 Dow Chemical Company Details
8.5.2 Company Description and Business Overview
8.5.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.5.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.5.5 Dow Chemical Recent Development
8.6 Corbion
8.6.1 Corbion Company Details
8.6.2 Company Description and Business Overview
8.6.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.6.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.6.5 Corbion Recent Development
8.7 Natureworks
8.7.1 Natureworks Company Details
8.7.2 Company Description and Business Overview
8.7.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.7.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.7.5 Natureworks Recent Development
8.8 Teijin
8.8.1 Teijin Company Details
8.8.2 Company Description and Business Overview
8.8.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.8.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.8.5 Teijin Recent Development
8.9 Wei Mon Industry
8.9.1 Wei Mon Industry Company Details
8.9.2 Company Description and Business Overview
8.9.3 Production and Revenue of Lactic Acid and Poly Lactic Acid (PLA)
8.9.4 Lactic Acid and Poly Lactic Acid (PLA) Product Introduction
8.9.5 Wei Mon Industry Recent Development
9 Market Forecast
9.1 Global Market Size Forecast
9.1.1 Global Lactic Acid and Poly Lactic Acid (PLA) Capacity, Production Forecast 2020-2030
9.1.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Forecast 2020-2030
9.2 Market Forecast by Regions
9.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production and Value Forecast by Regions 2020-2030
9.2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Consumption Forecast by Regions 2020-2030
9.3 United States
9.3.1 Production and Value Forecast in United States
9.3.2 Consumption Forecast in United States
9.4 European Union
9.4.1 Production and Value Forecast in European Union
9.4.2 Consumption Forecast in European Union
9.5 China
9.5.1 Production and Value Forecast in China
9.5.2 Consumption Forecast in China
9.6 Rest of World
9.6.1 Japan
9.6.2 Korea
9.6.3 India
9.6.4 Southeast Asia
9.7 Forecast by Type
9.7.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Forecast by Type
9.7.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Forecast by Type
9.8 Consumption Forecast by Application
10 Value Chain and Sales Channels Analysis
10.1 Value Chain Analysis
10.2 Sales Channels Analysis
10.2.1 Lactic Acid and Poly Lactic Acid (PLA) Sales Channels
10.2.2 Lactic Acid and Poly Lactic Acid (PLA) Distributors
10.3 Lactic Acid and Poly Lactic Acid (PLA) Customers
11 Opportunities & Challenges, Threat and Affecting Factors
11.1 Market Opportunities
11.2 Market Challenges
11.3 Porter\'s Five Forces Analysis
12 Key Findings
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
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