Apr 16, 2019   SOURCE: BusinessWire

Global Polylactic Acid Market Study, 2019-2024: The Future Looks Promising with Opportunities in Packaging, Bio-Medical, Textile, Agriculture, and Electronics End-use Industries - ResearchAndMarkets.com

The "Polylactic Acid Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The future of the polylactic acid market looks promising with opportunities in the packaging, bio-medical, textile, agriculture, and electronics end use industries

The global polylactic acid market is expected to reach an estimated $3.7 billion by 2024 with a CAGR of 13.8% from 2019 to 2024.

The major growth drivers for this market are increasing government regulation, environment friendly and better mechanical properties as compared to other biopolymers.

Emerging trends, which have a direct impact on the dynamics of the polylactic acid industry, include development of high heat resistant polylactic acid and production of PLA from second generation feedstock.

The study includes the polylactic acid market size and forecast for the global polylactic acid market through 2024, segmented by product type, end use, raw material, product form, and region as follows:

Polylactic Acid Market by Product Type [Volume (M lbs) and $M shipment analysis for 2013-2024]:

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

Polylactic Acid Market by End-User [Volume (M lbs) and $M shipment analysis for 2013-2024]:

  • Packaging
  • Bio-medical
  • Textile
  • Agriculture
  • Electronics
  • Others

Polylactic Acid Market by Raw Material [Volume (M lbs) and $M shipment analysis for 2013-2024]:

  • Corn Starch
  • Sugarcane & Sugar Beet
  • Cassava
  • Others

Polylactic Acid Market by Product Form [Volume (M lbs) and $M shipment analysis for 2013-2024]:

  • Film & Sheets
  • Fiber
  • Thermoforming
  • Coating
  • Others

Polylactic Acid Market by Region [Volume (M lbs) and $M shipment analysis for 2013-2024]:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • The Rest of the World
    • Central and South America
    • Middle East and Africa

Some of the polylactic acid companies profiled in this report include Natureworks, Total Corbion, Pyramid Bioplastic, Weforyou, and Zhejiang Hisun are among the major manufactures of polylactic acid.

The L-lactic product type is expected to remain the largest market and will witness highest growth during the forecast period due to its increasing usage in packaging, biomedical, textile, and agriculture industry.

Within the polylactic acid market, packaging will remain the largest end use industry during the forecast period due to its biodegradable properties and favorable government policies. The researcher predicts that the bio-medical end use is expected to witness the highest growth over the forecast period due its non-toxic and non-carcinogenic effects on human body.

Europe is expected to remain the largest market and will witness the highest growth over the forecast period supported by stringent government regulations, biodegradable, and mechanical properties.

Some of the features of the report include:

  • Market size estimates: Global polylactic acid market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use and use industry.
  • Segmentation analysis: Global polylactic acid market size by product type, end use, raw material, and product form in terms of value and volume shipment.
  • Regional analysis: Global polylactic acid market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions in the global polylactic acid market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape in the global polylactic acid market.
  • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global polylactic acid market by product type (PLLA, PDLA, and PDLLA), end use (packaging, bio-medical, textile, agriculture, electronics, and others), raw material (corn starch, sugarcane & sugar beet, cassava, and others), product form (film & sheet, fiber, thermoforming, coating, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the polylactic acid market?

Q.5 What are the business risks and threats to the polylactic acid market?

Q.6 What are emerging trends in this polylactic acid market and the reasons behind them?

Q.7 What are the changing demands of customers in the polylactic acid market?

Q.8 What are the new developments in the polylactic acid market? Which companies are leading these developments?

Q.9 Who are the major players in this polylactic acid market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this polylactic acid area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this polylactic acid market?

Key Topics Covered

1. Executive Summary

2. Global Polylactic Acid Market Dynamics

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2013 to 2024

3.1: Macroeconomic Trends and Forecasts

3.2: Global Polylactic Acid Market Trends and Forecast

3.3: Global Polylactic Acid Market by End-use Industry

3.4: Global Polylactic Acid Market by Raw Material Type

3.5: Global Polylactic Acid Market by Product Type

3.6: Global Polylactic Acid Market by Product Form

4. Market Trends and Forecast Analysis by Region

4.1: Global Polylactic Acid Market by Region

4.2: North American Polylactic Acid Market

4.3: European Polylactic Acid Market

4.4: APAC Polylactic Acid Market

4.5: ROW Polylactic Acid Market

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.2: Emerging Trends in the Global Polylactic Acid Market

6.3:Strategic Analysis

7. Company Profiles of Leading Players

7.1: Natureworks LLC

7.2: Total Corbion

7.3: Pyramid Bioplastics

7.4: Weforyou

7.5: Zhejiang Hisun Group

7.6: Jiangsu SUPLA Bioplastic Co. Ltd.

7.7: Synbra Technology bv

7.8: Sulzer

7.9: Toray Industries Inc.

7.10: Futerro

For more information about this report visit https://www.researchandmarkets.com/r/t3ybea