2025-2034 Polylactic Acid Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

What Will the Polylactic Acid Industry Market Size Be by 2025?
The size of the polylactic acid market has seen swift expansion in the previous years. Expected to rise from a market size of $1.36 billion in 2024 to $1.63 billion in 2025, it will do so at a 19.7% compound annual growth rate (CAGR). Factors that contributed to this progression in the historical phase include the appearance of environmentally friendly substitutes, an increase in bioplastics requirements, the expansion of the packaging sector, changing consumer preferences, and efforts in commercialization.

What's the Long-Term Growth Forecast for the Polylactic Acid Market Size Through 2029?
In the following years, the polylactic acid market is projected to experience swift expansion. Its growth trajectory is set to reach $3.34 billion by 2029, escalating at a compound annual growth rate (CAGR) of 19.7%. Factors contributing to the anticipated growth during the projection period include global consciousness initiatives, end-use industries' expansion, advancements in supply chain, demand from emerging markets, and investment in research and development. The period also foresees major market trends like sustainability and biodegradability, environmental regulations, customer awareness and preferences, changes in packaging trends, and the entry of large-scale operators into the market.

View the full report here:
https://www.thebusinessresearchcompany.com/report/polylactic-acid-global-market-report

What Are the Key Growth Drivers Fueling the Polylactic Acid Market Expansion?
The polylactic acid market's progression is anticipated to be fuelled by the expansion of the personal care industry. The personal care sector, which delivers an array of products and services aimed at enhancing and maintaining one's appearance and hygiene, is growing due to various factors including consumer preferences, the rise of e-commerce, aging demographics, and increasing awareness of health and wellness. Polylactic acid (PLA) is gaining traction in the personal care industry because of its usage in eco-friendly packaging solutions and biodegradable formulations, which lessen the environmental footprint. For example, a report in July 2024 by the British Beauty Council, a UK-based entity, showed that in 2023, the personal care industry added £27.2 billion ($30.44 billion) to the GDP, indicating an 11% increase from 2022. The 10% surge in household expenditure on personal care products and services in UK is attributed to this growth. Hence, the expansion of the personal care industry is stimulating the advancement of the polylactic acid market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8277&type=smp

What Are the Key Trends Driving Polylactic Acid Market Growth?
The rise of technological innovation is currently a dominant trend in the polylactic acid market. Numerous prominent enterprises in the industry are incorporating advanced technologies and exerting efforts in research and development to meet the escalating demand for biodegradable materials. A case in point is in December 2023, when Switzerland-based industrial engineering and manufacturing corporation, Suzler, unveiled SULAC, a sophisticated technology tailored to increase the transition of lactic acid into lactide, an essential ingredient for the creation of polylactic acid (PLA). This introduction is poised to satisfy the growing market appetite for sustainable bioplastics while enabling a streamlined production process and promoting a wider implementation of circular manufacturing methods.

How Is the Polylactic Acid Market Segmented?
The polylactic acid market covered in this report is segmented -

1) By Type: Racemic PLLA, PDLA, Regular PLLA, PDLLA, PLA Blends
2) By Raw Material: Corn Starch, Sugarcane And Sugar Beet, Cassava, Other Raw Materials
3) By Form: Films And Sheets, Coatings, Fiber, Other Forms
4) By Application: Packaging, Agriculture, Transport, Electronics, Textiles

Subsegments:
1) By Racemic PLLA: High Molecular Weight Racemic PLLA, Low Molecular Weight Racemic PLLA
2) By PDLA: High Molecular Weight PDLA, Low Molecular Weight PDLA
3) By Regular PLLA: High Molecular Weight Regular PLLA, Low Molecular Weight Regular PLLA
4) By PDLLA: High Molecular Weight PDLLA, Low Molecular Weight PDLLA
5) By PLA Blends: PLA With Other Biopolymers, PLA With Additives

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8277&type=smp

Which Companies Are Leading the Charge in Polylactic Acid Market Innovation?
Major companies operating in the polylactic acid market are 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.

Which Regions Are Leading the Global Polylactic Acid Market in Revenue?
North America was the largest region in the polylactic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polylactic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8277

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.