Polylactic Acid Market Size, Share & Trends Analysis Report By Packaging Type, By Material, By Application, By Region And Segment Forecasts, 2021 - 2028

The new report titled ‘Global Polylactic Acid Market,’ published by Emergen Research, is a vivid presentation of the global Polylactic Acid market, with utmost focus on the forecast market size, share, value, and volume over the projected timeline. The report throws light on the current economic landscape of this business vertical and evaluates the top Polylactic Acid market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Polylactic Acid industry, gathering industry-verified data from the value chain analysis.

Our sample copy includes a brief analysis of the Polylactic Acid market, the List of Tables and Figures, the market’s competitive scenario and geographical segmentation, and product innovation and future developments based on a sought-after research methodology. Therefore, it serves as a comprehensive framework of the global Polylactic Acid market dynamics and comprises a critical study of consumers’ journeys, the current and emerging market avenues, and strategic initiatives undertaken by companies to enable readers to gain meaningful insights into the Polylactic Acid market.

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The global polylactic acid (PLA) Market is projected to be worth USD 5,944.9 Million by 2027, according to a new report by Emergen Research. The market for polylactic acid (PLA), a bioplastic, is experiencing rapid growth attributed to its widespread application in packaging, textile, transport, agriculture, medical, and electronics, among others. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the growth of the market. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.

This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Polylactic Acid business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.

Competitive Outlook:

The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Polylactic Acid market. It offers a systematic presentation of the company profiles of the leading market players. This section of the Polylactic Acid report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall Polylactic Acid market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.

Top key Companies in Polylactic Acid Market are:

Teijin Ltd., Thyssenkrupp AG, Synbra Technology BV, Hitachi Ltd., BASF SE, Futerro, Sulzer Ltd., NatureWorks LLC, Zheijiang Hisun Biomaterials Co., Ltd., and Total Corbion PLA, among others.

The global Polylactic Acid market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this Polylactic Acid industry.

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Emergen Research has segmented the global polylactic acid (PLA) on the basis of product type, distribution channel, application, and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)
Racemic PLLA (Poly-L-lactic Acid)
Regular PLLA (Poly-L-lactic Acid)
PDLA (Poly-D-lactic Acid)
PDLLA (Poly-DL-lactic Acid)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
Packaging
Textile
Transport
Agriculture
Electronics
Medical
Others
Key Highlights From The Report

In February 2018, Teijin Ltd. made an announcement about the development of a formable film, which is resistant to gasoline and produced from PLA NEXT® bio-plastic to substitute chrome plating, adopted by Honda Lock Mfg. Co., Ltd. for use in the nonconductive door handles having smart-entry systems.
Production of polylactic acid (PLA) consumes about 35.0% of energy than required for conventional plastics and causes 68.0% fewer GHG emissions. Besides, on incineration, it does not produce toxic volatile organic compounds (VOCs).
Poly-L-lactic acid possesses a much slower absorption rate compared to PGA in orthopedic implants. The L (Levo) form of this bioplastic is highly crystalline, takes as much as 5 to 7 years for absorption.
Fabrics produced from polylactic acid (PLA) fibers possess a better fire-resistant property and are appropriate to cater to the fire safety standards required for textiles deployed in public occupancy buildings’ interior furnishings. Typical textile products comprise cubicle curtains, drapery, wall coverings, and outdoor coverings like tents and tarpaulins.
The polylactic acid (PLA) market in the Asia Pacific region, led by China, is estimated to grow at the fastest rate of 19.7% in the forecast period, due to the spiraling consumption of bio-polylactic acid in the packaging and medical applications, which are being boosted by the demand in emerging economies in the region.
NatureWorks LLC, a leading market player, manufactures Ingeo, its polylactic acid (PLA) bioplastic, from dextrose sugar extracted from the starch present in corn, cultivated for many functional and industrial applications.
Regional Outlook:

The report offers a comprehensive analysis of the current growth opportunities for various regions of the Polylactic Acid market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the Polylactic Acid report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Target Audience of the Report:

Leading Companies
Large, medium-sized, and small enterprises
Investors
Value-Added Resellers (VARs)
Venture capitalists
Third-party knowledge providers
The report considers the following timeline for market estimation:

Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2020
Forecast Years: 2020-2028
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Global Polylactic Acid Market – Table of Contents:

Market Summary:
Product Outlook:
Production, by product type
Revenue, by product type
Price, by product type
Application Outlook:
Consumption, by application
Market Share, by application
Geographical Breakdown:
Production, by region
Revenue, by region
Consumption, by region
Manufacturers’ Overview:
Production Locations and Areas Served
Product Launch, Application, and Specification
Production, Revenue, Ex-factory Price, and Gross Margin
Key Businesses
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