UK Polylactic Acid (PLA) Market Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2025

UK Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.3% during the forecast period. Owing to huge opportunities for packaging in the UK, the demand for bioplastics including PLA is increasing at a significant level. Other than the packaging, textiles, automotive and agriculture sector together is generating substantial opportunities in the country. UK is one of the major production hubs of the European region. UK exports a substantial amount of PLA as a material to other countries which include Germany, China, France, Saudi Arabia, Estonia, and others.

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The players in the market include BASF SE, DuPont de Nemours, Inc., and NatureWorks LLC.

There are more than 30 automotive OEMs in the nation supported by more than 2,500 component providers. Some major car manufacturers in UK include Aston Martin, Bentley, Caterham Cars, Jaguar, Land Rover, McLaren, Mini, and Rolls-Royce. Some other car manufacturers active in the country include Honda, Nissan, Toyota, Ford, Leyland Trucks, and London Taxis International. This, in turn, is driving the demand for PLA as it can be used for under-the-hood components and for interior parts, including upholstery, carpeting, protective wrappings, floor mats, upholstery used during vehicle manufacturing.

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The companies are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations to increase its competitiveness and attract significant share in the market.

Market Segmentation

Market by Raw Material

o Corn-based PLA
o Sugar-based PLA
o Cassava-based PLA
o Others

Market by Application

o Packaging
o Construction Material
o Catering and Tableware
o Agricultural Material
o Consumer Goods
o Electronic Material
o Automobile
o Others

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