Press release
Polylactic Acid (PLA) Market Growth Opportunities and Competitive Landscape Report to 2031 | Total Corbion PLA, Nature Works LLC, Cofco, Futerro
Key Trends
One of the major trends in PLA technology is the development of new and improved methods for PLA production. For example, catalysis of the conversion of lactic acid to PLA using enzymes is being investigated, which could potentially lead to a more efficient and cost-effective production process.
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Another major trend is the development of new and improved PLA-based products. In particular, interest in the field of 3D printing using PLA is increasing. This is due to the fact that PLA can be easily printed using regular 3D printers and the fact that it is a biodegradable material.
Finally, there is growing interest in using PLA for food packaging applications. This is because PLA is a safe and non-toxic material that can be used in direct contact with food.
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Key Drivers
The key drivers for the polylactic acid (PLA) market are biodegradability and renewable potential.
PLA is made from renewable resources such as cornstarch, tapioca root, or sugarcane, making it a more sustainable option than conventional plastics made from fossil fuels.
PLA is also biodegradable, meaning it can be broken down by bacteria and other microorganisms. This makes PLA a more environmentally friendly option than traditional plastics, which can take hundreds of years to degrade.
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Market Segmentation
The polylactic acid market is segmented by grade, application, end use, and region. By grade, the market is segmented into thermoforming grade, extrusion grade, and others. It is branched into bottles, films, and sheets by use. By end use, it is divided into packaging, agriculture, textiles, and others. By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global polylactic acid market includes players such as Total Corbion PLA, Nature Works LLC, Cofco, Futerro, Jiangxi Keyuan Bio-Material Co Ltd, Zhejiang Hisun Biomaterials Co Ltd, Shanghai Tong-Jie-Liang Biomaterials Co Ltd, Corbion Purac, SUPLA, Synbra Technology bv, and others.
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Poly(lactic acid) or polylactic acid or polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable resources, such as corn starch (in the United States and Canada), tapioca roots, chips or starch (mostly in Asia), or sugarcane (in the rest of the world). In 2010, PLA had the second highest consumption volume of any bioplastic of the world.
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NatureWorks (USA)
Cereplast(USA)
Futerro(Belgium)
Corbion(Netherlands)
JiangsuSupla(China)
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