Sustainable 3D printing and packaging solutions to drive PLA demand growth

Mumbai, Maharashtra, August 17, 2020 – Prismane Consulting is pleased to publish its Polylactic acid (PLA) Market Study Report and Techno-Commercial Market Model. This report forms a part of the Bio-plastics Strategy report recently published by Prismane Consulting.
Polylactic acid (PLA), a stable, renewable, odorless thermoplastic polyester is a biodegradable biopolymer obtained by direct condensation of lactic acid monomers. The major end-use applications include food & beverages packaging, cosmetics packaging, agriculture, automotives, electronics, textiles, medical and other niche applications which include 3D printing applications. The PLA market is primarily driven by packaging which apparently also accounts for a major share of the global demand. The demand for PLA in packaging is increasing at a rapid pace in North America, followed by Asia and Europe. United States emerged as the largest producer and exporter of PLA globally. PLA exports from the US were valued over $200 million in 2019 followed by Netherlands with exports worth $109 million. The increase in the use of polylactic acid (PLA) is driven by the shifting consumer preference towards environmental-friendly and sustainable products. North America has been and will continue being a net exporter of PLA in the long-term forecast, with majority of exports directed towards Europe.
For detailed Polylactic Acid (PLA) Market Study scope visit https://prismaneconsulting.com/index.php/report_details/261/Global-Polylactic-Acid-(PLA)-Market-Study-2014---2030

The key market players operating in the polylactic acid market are Total Corbion, NatureWorks, Futerro (Total / Galactic), Synbra, Hycail, BIOTEC GMBH, Cereplast Italia, SPA, Uhde Inventa-Fischer (UIF), Hisun, BBCA & Galactic, Weforyou Group, etc. NatureWorks is the largest manufacturer with a capacity of 150 kilo tons in Nebraska, United States. As per Prismane Consulting’s capacity database, majority of the capacity expansions are expected in Asia, especially in China.
In Prismane Consulting’s Global market report on Polylactic acid, we have analyzed the historic and current market situation of Polylactic acid across several applications and sub applications. Plant capacity expansions, force majeure, de-bottlenecks, plant shutdowns and investments have been considered in the report. According to Prismane Consulting’s Global Polylactic acid Market model, North America will continue to lead the market followed by Europe and Asia Pacific. In Asia Pacific the market is anticipated to grow at highest CAGR during the forecast period, owing to increasing awareness among consumers.
Market Data, Country Summaries & Product Review
• Demand-Supply Balance & Market Analysis
• Polylactic acid (PLA) Market data in terms of volume and value for each end-use at regional and country level
• Polylactic acid (PLA) Production Capacity, Apparent Production, Regional and country level demand-supply
• Demand Composition, by Applications
• Trade (Import, Export and Net Export)
• Pricing Analysis
• Latest Trends and market developments
• Key Players
• Process technology
• Strategic Issues and Recommendations
• Market / Product Outlook (Historical, Short, Mid and Long-term forecast)
• Business Opportunities & Challenges
• Strategic Analysis and High-level information on Market Entry, Best Strategies adopted
For Further Information, Please visit: https://prismaneconsulting.com/index.php/report_details/261/Global-Polylactic-Acid-(PLA)-Market-Study-2014---2030

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Prismane Consulting is a unique consulting and market research firm providing management, economic and technical expertise across the global Chemicals, Petrochemicals, Polymers, Materials and Energy value chain. The company has been advising clients on their key strategic issues solving their toughest and most critical business problems. We have helped some of the fortune 500 companies develop their strategic plans by tracking and interpreting market dynamics.
Prismane consulting has completed a number of multi-client studies and projects. It offers Market Studies, World Analysis and Strategy Reports related to Refining, Chemicals, Petrochemicals, Plastic & Polymers and Materials. For update on the annual subscription (monthly, quarterly and annually) on the chemicals industry, please write to sales@prismaneconsulting.com

This release was published on openPR.