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Polylactic Acid (PLA) Market Share, Size Global Regional Analysis, Key Findings, Industry Demand, Key Players and Forecasts to 2026
The Polylactic Acid (PLA) Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole Polylactic Acid (PLA) Market competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.Polylactic Acid (PLA) Market is envisaged to record an expansion at the CAGR of 19% over the forecast period, 2021 – 2026
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Market Overview
The market for bio-polylactic acid is expected to reach USD 1,638.76 million by 2026, registering a CAGR of around 14.96% during the forecast period (2021-2026). The major factor driving the growth of the market studied is favorable government policies toward bio-plastics. On the flip side, the high cost of PLA and the negative economic impacts of COVID-19 are expected to hinder the growth of the market studied. The packaging industry dominated the global market share due to its usage in fruit and vegetable packaging in supermarkets and for bread bags and bakery boxes, bottles, envelopes, and display carton windows, and shopping or carrier bags, among others. The growing production of genetically modified corn and the growing usage of bio-PLA in 3D printing is likely to act as opportunities in the future.
The major players covered in the Polylactic Acid (PLA) Market:
NatureWorks, Total Corbion, BEWiSynbra, Teijin, Toray, Futerro, Sulzer, Unitika, HISUN, Shanghai TONGJIELIANG, Nantong JIUDING, ESUN, BBCA BIOTECH
Polylactic Acid (PLA) Breakdown Data by Type
Injection Molding Grade PLA
Film Grade PLA
Sheet Grade PLA
Fiber Grade PLA
Polylactic Acid (PLA) Breakdown Data by Application
Tableware and Utensils
Food and Beverage Packaging
Electronics and Electrical Appliances
Medical and Personal Care
3D Printing Consumables
Other
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China is Expected to Dominate the Market in Asia-Pacific
In Asia-Pacific, China is the largest economy in terms of GDP. In 2019, the country witnessed about 6.1% growth in its GDP despite the trade disturbance due to the trade war with the United States. The country was the worst affected nation in the first few months of 2020, with the virus outbreak originating in the country itself. All the major manufacturing industries took a major hit, as the entire nation faced a lockdown situation to contain the virus outbreak during most of Q1 2020 and the early period of Q2 2020. According to the International Monetary Fund’s (IMF) projections, the Chinese GDP growth declined to 1.9% in 2020 due to the COVID-19 outbreak in the country. It is expected to recover and reach 8.2% by the end of 2021. According to the National Bureau of Statistics of China, in the first three months of 2020, the total industrial output in the country fell by 13.5%, 13.5%, and 1.1%, respectively.
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the Polylactic Acid (PLA) Market presented in the report. For the historical and forecast period 2016 to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The report offers an in-depth assessment of the growth and other aspects of the Polylactic Acid (PLA) Market in important countries (regions), including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa) and ROW.
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Table of Contents:
Global Polylactic Acid (PLA) Market Research Report 2021
Chapter 1 - Market Overview
Chapter 2 - Industry's Global Economic Impact
Chapter 3 - Manufacturers' Global Market Competition
Chapter 4 - Revenue (Value) by Region for Global Productions
Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import
Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type
Chapter 7- Global Market Analysis by Application
Chapter 8 - Manufacturing Cost Analysis
Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers
Chapter 10 - Marketing Strategy Analysis, Distributors/Traders
Chapter 11- Market Effect Factors Analysis
Chapter 12- Global Polylactic Acid (PLA) Market Forecast
Impact of Covid-19:
The COVID-19 pandemic had a minor impact on the Polylactic Acid (PLA) Market's growth. The emergence of COVID-19 has caused a substantial setback to export-oriented economies in the region, owing to the temporary shutdown of manufacturing enterprises. For example, Germany's automotive industry has been seriously harmed because the majority of the country's automobile commerce is with China and Italy.
Customization:
The Global Polylactic Acid (PLA) Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.
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Market intelligence data is a global leader in the research business, providing customers with contextual and data-driven research. The company assists customers in developing business plans and achieving long-term success in their particular markets. Consulting services, Market Intelligence Data research studies, and bespoke research reports are all offered by the industry.
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