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Polylactic Acid Global Market Report 2025: Rapid Growth, Eco-Friendly Alternatives Drive Market Expansion
Polylactic Acid Global Market Report 2025
Featuring Market Expansion, Value Increase and Prominent Players
What Is The Projected Market Size Of The Global Polylactic Acid Global Market Report 2025 And Its Growth Rate?
The Polylactic Acid (PLA) market has been experiencing robust growth:
• In 2024, the market size was $1.36 billion
• This increases to $1.63 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 19.7%
• Factors contributing to this growth include increased demand for bioplastics, growth in the packaging sector and consumer preference shifts.
• The forecast for 2029 predicts a market size of $3.34 billion, again with a CAGR of 19.7%
• This future growth is attributed to global awareness campaigns, expansion of end-use industries, supply chain development, emerging market demand, and investment in Research & Development (R&D).
What Is Driving The Growth In The Polylactic Acid Global Market Report 2025?
The Polylactic Acid market's growth is mainly driven by the rapid expansion of the personal care sector. This sector's expansion stems from factors such as consumer preferences, e-commerce growth, aging populations, and a surge in health and wellness awareness. As demand for biodegradable formulations and sustainable packaging solutions grows, so does the use of Polylactic Acid (PLA) in personal care products. For instance, the personal care sector's contribution to the GDP rose by 11% to £27.2 billion ($30.44 billion) due to a 10% increase in household spending on personal care products and services in the UK. This sector growth is thus pushing the expansion of the Polylactic Acid market.
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Who Are the Key Players Driving Polylactic Acid Global Market Report 2025 Growth?
The major companies propelling the Polylactic Acid market include:
• Total Corbion PLA
• NatureWorks LLC
• Futerro SA
• COFCO Group
• Jiangxi Keyuan Bio-Material Co. Ltd.
• Shanghai Tong-Jie-Liang Biomaterials Co. Ltd.
• Zhejiang Hisun Biomaterials Co. Ltd.
• Evonik Industries AG
• Synbra Technology BV
• BASF SE
• Mitsubishi Chemical Holdings Corporation
• Toray Industries Inc.
• Polyvel Inc.
• Musashino Chemical Laboratory Ltd.
• Radici Partecipazioni SpA
• Anhui BBCA Biochemical Co. Ltd.
• Carbios SA
• Chengdu Polyster Co. Ltd.
• Corbion N.V.
• Danimer Scientific Inc.
• FKuR Kunststoff GmbH
• GC Innovation America
• Good Natured Products Inc.
• Hainan Yisheng Petrochemical Co. Ltd.
• Hitachi Chemical Company Ltd.
• Jiangsu Jiuding New Material Co. Ltd.
• Kingfa Sci. & Tech. Co. Ltd.
• Nantong Jiuding Biological Engineering Co. Ltd.
• Shenzhen Esun Industrial Co. Ltd.
What Are The Key Trends In The Polylactic Acid Global Market Report 2025?
Key trends expected in the coming years include:
• The increased biodegradability and sustainability of Polylactic Acid
• Tighter environmental regulations
• Growing consumer awareness and preference for eco-friendly alternatives
• Changes in packaging trends
• The entry of more major players into the market
What Are The Segments Of The Global Polylactic Acid Global Market Report 2025?
The Polylactic Acid market is segmented as follows:
• By Type: Racemic PLLA, PDLA, Regular PLLA, PDLLA, PLA Blends
• By Raw Material: Corn Starch, Sugarcane And Sugar Beet, Cassava, Other Raw Materials
• By Form: Films And Sheets, Coatings, Fiber, Other Forms
• By Application: Packaging, Agriculture, Transport, Electronics, Textiles
Which Region Leads The Polylactic Acid Global Market Report 2025?
In 2024, North America was the largest region in the Polylactic Acid market. However, in the forecast period, Asia-Pacific is expected to demonstrate the fastest growth. This report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Polylactic Acid Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Polylactic Acid Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Polylactic Acid Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Polylactic Acid Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Polylactic Acid Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Polylactic Acid Prices in Thailand:
During the previous quarter, Polylactic Acid Prices in Thailand experienced a notable decline, falling to around 2,500 USD/MT. This downward trend was primarily driven by an oversupply in the market, reduced lactic acid production costs, and weakening demand across key sectors. The Polylactic Acid Price Index reflected this bearish movement, further impacted by China's economic slowdown, which…
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Polylactic Acid Pricing News: Supply, Demand, and Regulatory Influences
𝗔𝗣𝗔𝗖 𝗣𝗼𝗹𝘆𝗹𝗮𝗰𝘁𝗶𝗰 𝗔𝗰𝗶𝗱 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗤𝟰 𝟮𝟬𝟮𝟰:
𝗣𝗼𝗹𝘆𝗹𝗮𝗰𝘁𝗶𝗰 𝗔𝗰𝗶𝗱 𝗣𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱:
The Polylactic Acid Price Trend in Thailand showed a decline during Q4 2024, with prices dropping to 2,500 USD/MT in December due to shifting market dynamics, including rising supply and weakening demand. Initially, steady demand from the sustainable packaging sector and stable production levels kept prices firm, but falling lactic acid prices reduced production costs, making polylactic acid more affordable.…
Germany Polylactic Acid (PLA) Market Forecast 2024-2032
The Germany Polylactic Acid (PLA) Market is poised for significant growth in the coming years, projected to expand at a Compound Annual Growth Rate (CAGR) of 18.50% from 2024 to 2032. This burgeoning market is expected to achieve a substantial revenue figure by the year 2032, reflecting the increasing adoption of PLA in various applications due to its eco-friendly properties.
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Polylactic Acid, known for being…
Polylactic Acid Prices, Trend & Forecasts | Provided by Procurement Resource
Product Name - Polylactic Acid
Molecular Weight - 148.205 g/mol
Chemical Formula - (C3H4O2)n
Synonyms - PLA, Polylactide
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea,…
