Polylactic Acid Market Size & Share, by Grade (Thermoforming, Extrusion, Injection Molding); End-user (Packaging, Agriculture, Automotive, Electronics, Textiles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4799
  • Published Date: Apr 08, 2023
  • Report Format: PDF, PPT

Companies Dominating the Polylactic Acid Landscape

top-features-companies
    • NatureWorks LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BASF SE
    • Futerro
    • Total Corbion PLA
    • Corbion NV
    • Teijin Limited
    • Danimer Scientific
    • Synbra Technology BV
    • Pierce Chemical Co.
    • Frigid Fluid Company

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • NatureWorks announced plans to increase the production of its Ingeo PLA biomaterial at its manufacturing facility in Thailand. The company plans to double the production capacity of its Ingeo biopolymer by 2022 to meet the growing demand for sustainable materials.

  • Corbion announced the acquisition of the lactic acid business of Bunge Limited, a leading agribusiness and food company. The acquisition will help Corbion expand its product portfolio and strengthen its position in the global bioplastics market.

 


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4799
  • Published Date: Apr 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for sustainable materials, and government initiatives promoting sustainability are the major factors driving the market growth.

The market size of polylactic acid is anticipated to attain a CAGR of 15.20% over the forecast period, i.e., 2023-2035.

The side effects associated with use of polylactic acid materials is estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are NatureWorks LLC, BASF SE, Futerro, Total Corbion PLA, Corbion NV, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by grade, end user, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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