Polylactic Acid (PLA) Market Price technology and Application Growth with NatureWorks LLC, Synbra, Corbion Purac, Hisun Biomaterials, Nantong Jiuding Biological Engineering Co. Ltd

Polylactic Acid (PLA) Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2020", published by Allied Market Research state that, the polylactic acid market was worth $305.6 million in 2014 and is projected to grow at a CAGR of 15.9% during 2015-2020 owing to the rising environmental awareness, increasing popularity of newer applications and the favorable government policies. notes that packaging application segment would continue to dominate the global polylactic acid market during 2014-2020.

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Polylactic acid (PLA) is a biodegradable and compostable thermoplastic produced from fermentable sugar available in various renewable sources, such as corn starch, sugarcane, tapioca roots and wheat. Easy availability of low cost raw material would drive the market growth. Furthermore, increasing popularity of newer applications (like coated cellophane, agricultural mulching, non-woven fibers, and active packaging among others) across various end user industries such as food and beverage packaging, agriculture, electronics, textiles, Bio medical and others would open new growth avenues in the global polylactic acid market. However, factors such as high production cost, need for industrial composting, popularity of competing alternatives for renewable packaging such as Bio- PE, PHA, and Bio-PET would impede the PLA market growth.

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Key Findings of Polylactic Acid Market
Bio-medical application segment would register the highest CAGR of 22.4%, in terms of volume, from 2015-2020.
In terms of revenue, Asia Pacific market is expected to resister the highest CAGR during the forecast period
China is projected to be one of the most lucrative markets in the Asia Pacific region during 2014-2020.
The North America consumed about half of the total PLA production in 2014 and would continue to have increased consumption over the forecast period with over 85% of the PLA production facilities currently located in North America. Europe is estimated to be the second largest market in terms of consumption largely due to supportive legal framework and consumer awareness towards sustainability.

The major players in the market are adopting expansion as the most preferred strategic approach to penetrate into untapped markets.

The report provides a comprehensive analysis of the key companies operating in the market such as

• NatureWorks LLC
• Synbra Technology BV
• Corbion Purac
• Zhejiang Hisun Biomaterials Co. Ltd
• Nantong Jiuding Biological Engineering Co. Ltd
• Chongqing Bofei Biochemical Products Co.Ltd.
• Futerro among others

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Research Study Focus on
Chapter: 4. GLOBAL PLA MARKET BY APPLICATION

4.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.2. PLA in Packaging Industries

4.2.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.2.2. Key Factors Impacting Packaging Industries

4.2.2.1. Increased Shelf-Life
4.2.2.2. Food Hygiene Awareness

4.3. PLA in Textile (Wovens & Non Wovens) Industries

4.3.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.3.2. Reasons for Use of PLA in Textile
4.3.3. Key Factors Impacting Textile Industries

4.3.3.1. Environment Friendliness
4.3.3.2. Growing Textile Industry

4.4. PLA in Agricultural Industries

4.4.1. Market Size and Forecast, by Geography, 2012-2020 ($million)

4.4.1.1. Key Factors Impacting Agricultural Industries
4.4.1.2. Growth Prospects of Agricultural Industry
4.4.1.3. Increase in Per Capita Income

4.5. PLA in Bio-Medical Industries

4.5.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.5.2. Key Factors Impacting Bio-Medical Industries

4.5.2.1. Bioresorbability
4.5.2.2. Mechanical Strength
4.5.2.3. Increasing Expenditure in Healthcare

4.6. PLA in Electronics Industry

4.6.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.6.2. Key Factors Impacting Electronics Industries

4.6.2.1. Versatile Usability
4.6.2.2. Growing Electronic Industry
4.6.2.3. Growing Consumer market

4.7. PLA in Other Industries

4.7.1. Market Size and Forecast, by Geography, 2012-2020 ($million)


Chapter: 5. PLA PRODUCTION AND RAW MATERIALS

5.1. Corn
5.2. Tapioca
5.3. Sugarcane
5.4. Others


Chapter: 6. PLA AND GEOGRAPHIC MARKETS

6.1. North America Polylactic Acid Market, 2012-2020 ($million)
6.2. Europe Polylactic Acid, 2012-2020 ($million)
6.3. Asia Pacific Polylactic Acid, 2012-2020 ($million)
6.4. Rest of the World Polylactic Acid, 2012-2020 ($million)

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