European Polylactic Acid (PLA) Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2025

European Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.3% during the forecast period. Europe is one of the significant markets in the global PLA market. Owing to its well-established automotive industry, the demand for PLA polymers has increased in a considerable amount. PLA polymers are a renewable, economic and efficient substitute for conventional metal or plastic parts of automobiles. Europe is home to various major automotive companies and represents a significant share in the global automotive industry. Additionally, food packaging, medical and electronic industry together estimated to contribute to the demand for PLA polymers in the region.

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PLA polymer is used as a material for food packaging owing to its decomposable nature. PLA polymer is a rapidly substituting conventional plastic packaging material owing to stringent government regulations in the region. Major European countries such as UK, Germany, France, Spain are generating demand for packaged food. The region constitutes a considerable trade for food and agriculture products. In medical applications such as organ implants, surgeries, and others, PLA polymers are being used as a stent to replace original organs. Owing to its easy decomposable nature, PLA polymers are used as a material for anchors, screws, plates, pins, rods, and mesh.

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European Polylactic Acid (PLA) Market Segmentation

By Raw Material

· Corn-based PLA

· Sugar-based PLA

· Cassava-based PLA

· Others

By Application

· Packaging

· Construction Material

· Catering and Tableware

· Agricultural Material

· Consumer Goods

· Electronic Material

· Automobile

· Others

Regional Analysis

· UK

· Germany

· Italy

· Spain

· France

Rest of Europe

Company Profiles

· BASF SE

· Corbion N.V.

· DuPont de Nemours, Inc.

· Futerro SA

· Merck KGaA

· Mitsubishi Gas Chemical Co., Inc.

· NatureWorks LLC

· RadiciGroup SpA

· ThyssenKrupp AG

· Toray Industries, Inc.

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