Global Bio-Polylactic Acid (PLA) Market Research Report 2020

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.

Market Analysis and Insights: Global Bio-Polylactic Acid (PLA) Market

Prior to COVID-19, the market for Bio-Polylactic Acid (PLA) was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of XX% during 2021–2026, whereas post-COVID-19 scenario, the market for Bio-Polylactic Acid (PLA) is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026. The solicitation of proposals by the governments and public–private companies across the world to mitigate the impact of the COVID-19 pandemic is the key factor propelling the growth of the Bio-Polylactic Acid (PLA) market.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Bio-Polylactic Acid (PLA) market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyzes the impact of Coronavirus COVID-19 on the Bio-Polylactic Acid (PLA) industry.

Global Bio-Polylactic Acid (PLA) Scope and Segment

Bio-Polylactic Acid (PLA) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Bio-Polylactic Acid (PLA) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.

The following manufacturers are covered in this report:

• Teijin
• Toray
• Mitsubishi Chemical
• Eastman Chemicals
• BASF
• Bayer
• DowDuPont
• Natureworks
• Synbra Technology
• NatureWorks
• Futerro
• Toyobo
• Sulzer
• Jiuding Biological Engineering
• Henen Jindan Lactic Acid Technology

Bio-Polylactic Acid (PLA) Breakdown Data by Type

• Poly(L-lactic)acid
• Poly(D-lactic)acid
• Poly(DL-lactic)acid

Bio-Polylactic Acid (PLA) Breakdown Data by Application

• Packaging
• Automotive
• Medical
• Electronics
• Agriculture
• Textiles
• Others

Regional and Country-level Analysis

The Bio-Polylactic Acid (PLA) market is analysed and market size information is provided by regions (countries).

The key regions covered in the Bio-Polylactic Acid (PLA) market report are North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.