openPR Logo
Press release

Polylactic Acid Market Trends and Forecast Analysis up to 2026

Polylactic Acid Market Trends and Forecast Analysis up to 2026

Polylactic acid (PLA) is thermoplastic aliphatic polymer having chemical formula (C3H4O2) n. The Polylactic Acid is a semi-crystalline, biodegradable hydrophobic polymer with good mechanical strengths.

Most importantly Polylactic acid is compostable i.e. it can be broke down under some conditions into the biodegradable components which makes it a preferred material for packaging applications across various industry such as food and beverages and consumer products. The major share of industry usable bio plastic is covered by Polylactic acid.

The industry preference for Polylactic acid over conventional plastic is because of the increasing demand and prices of petroleum and petroleum based products like synthetic plastics. Bio plastics are synthesised from the organic biomass resources like corn, sugarcane etc. instead of from traditional sources like petroleum.

Request Report for TOC @ https://www.persistencemarketresearch.com/toc/11377

Global Polylactic Acid Market: Drivers and Restraints

In terms of volume consumption Polylactic acid accounts for highest consumed bio plastic. Government is taking initiatives, providing subsidies and support for increasing usage of bio degradable products. Pollution control and environment safety are the major reasons why more and more stakeholders are turning towards bio plastic usage rather than conventional plastic synthesised from petroleum.

Technological advancement, technological transfer from developed countries and high consumer demand in developing countries are responsible for upcoming new set ups in packaging, textiles and electronics industries. These industries’ demand for Polylactic acid is the key market growth driver in developing countries.

Not all the regions have ample available natural resources for the production of the Polylactic acid. The use of corn for Polylactic acid production would affect its contribution in food industry causing food security problems in the poor countries. The minimum production cost for bio plastics is at least two to three times more than the synthetic plastics. More research in technology and resource management is required for cheaper Polylactic acid production. Though biodegradable, PLA requires specified composting system for the complete degradation.

Global Polylactic Acid Market: Segmentation

The global Polylactic Acid market can be segmented based on the end-use industry and region. Based on end use industry Polylactic Acid market can be classified into Packaging industry (Food and Beverages), Agriculture Industry, Textile Industry, Biomedical Industry, Electronics Industry and Other Industry (consumer goods).

Region wise Polylactic Acid market can be segmented into Regional analysis includes North America (U.S., Canada), Latin America (Mexico. Brazil),Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg),Eastern Europe (Poland, Russia),Asia Pacific (China, India, ASEAN, Australia & New Zealand),Japan ,Middle East and Africa (GCC, S. Africa, N. Africa).

Global Polylactic Acid Market: Region wise Overview.

Pollution control measures and preference for environmental friendly product are driving the demand for biodegradable products like Polylactic acid. In the developing countries like India and China technological advancement and high consumer demand are essential factors for new upcoming huge set ups for packaging industry, textile industry and electronics industry. The demand for Polylactic acid in Asia pacific region is thus expected to grow at double digit CAGR.

In European countries, due to strict government norms and regulations industries are inclined towards using bio plastic rather than conventional plastic synthesized from petroleum. In terms of production, North America leads over other regions due to availability of raw materials. The demand for Polylactic acid in this region is expected to grow due to availability of government subsidiaries for environmental friendly product and technical expertise. The global demand for Polylactic acid market will show remarkable growth in the forecast period.

Global Polylactic Acid Market: Key Players

The major players in global Polylactic acid production market are collaborating in order to provide innovative solutions to meet the specific demand for Polylactic acid. Most of European and American firms are taking initiatives via technology and expertise transfer to increase the production of Polylactic acid in Asia pacific market, which is highest growing market. For instance US based Polylactic acid manufacturer NatureWorks LLC is starting a $200 million plant in either Thailand or Malaysia in recent times.

Request to Sample Report @ https://www.persistencemarketresearch.com/samples/11377

Considerable investment in R&D is being done and is again expected from these players for cost effective processes. For instance In 2016 NatureWorks LLC has invested $1 million in R&D for bio plastics. Many small regional players are seeking inter and intra collaboration with market leaders for answering the future demand through betterment of existing processes. The major players identified in global market are NatureWorks LLC, Corbion Purac BV, Mitsui Chemicals, Inc., Hitachi, Ltd., BASF SE, Braskem along with others.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polylactic Acid Market Trends and Forecast Analysis up to 2026 here

News-ID: 989284 • Views: 338

More Releases from Persistence Market Research Pvt. Ltd

Global HPMC Capsules Market is expected to reach a Valuation of US$ 554.5 Mn Ove …
HPMC capsules are strictly non-toxic and qualify to be Kosher and Halal-certified, which is why their popularity has grown in several parts of the world. Moreover, these capsules can significantly boost the body metabolism by improving absorption and digestion of protein, fat and carbohydrates. HPMC capsules find their application in the preparation of non-animal based medicines and cosmetics & nutraceuticals products. Persistence Market Research (PMR) recently conducted a study
Vacuum Tissue Processor Technology Most Favored in the Global Tissue Processing …
Persistence Market Research has come up with a fact based analytical research study describing various aspects of the tissue processing systems market across the globe. The analysis on tissue processing systems has been systematically drafted in a new research publication titled “Tissue Processing Systems Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. This comprehensive research report focuses on various developments, trends, restraints, opportunities, drivers and challenges impacting revenue growth of
Endodontics Market Is Projected To Grow At A Moderate CAGR During The Period Of …
Endodontics is associated with the dentistry segment. It involves several therapies to protect the human teeth from infections and injuries caused to the dental pulp. Generally, it is concerned with morphology, pathology as well as physiology of dental pulp and the periradicular tissues. Endodontics is important during carrying out root canal procedure in order to reduce the inflammation and to end infection. Modernization has touched the field of endodontics as
Global Home Infusion Therapy Devices Market Driven by Growing Incidence of Pain, …
According to the latest market report published by Persistence Market Research titled ‘Home Infusion Therapy Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),’ the global Home Infusion Therapy Devices market is expected to expand at a CAGR of 6.8% during the forecast period 2017–2025. Persistence Market Research delivers key insights and presents a revised forecast of the global Home Infusion Therapy Devices market for an eight year period from

All 5 Releases


More Releases for Polylactic

Polylactic Acid Market Industry Analysis, Trends, Growth and Forecast - 2025
Polylactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such as starch and sugar. PLA can be processed through different production lines including injection molding, blow molding, thermoforming or extrusion, and further used to produce various items such as plastic films, bottles, and biodegradable medical devices. In 2019, the global
Polylactic Acid (PLA) Market | Growth, Forecast and Industry Analysis
The Global Polylactic Acid market size will increase to 860 Million USD by 2025, from 560 Million USD in 2018, at a CAGR of 5.5% during the forecast period. Get Detailed Analysis of COVID-19 Impact on Polylactic Acid Market: https://reports.valuates.com/request/sample/QYRE-Auto-V248/Global_Polylactic_Acid_PLA_Market Polylactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such as
Global Polylactic Regional Outlook 2019
Global Polylactic Market report is designed in a method that helps readers to acquire a complete knowledge about the overall market scenario for the projected period. This Market report consists of the brief profile of key players in the industry and their upcoming market plans and current developments during the forecasted period 2019 to 2025. The report of global Polylactic market includes the competitive landscape section which provides the full and in-depth analysis of
Global Polylactic Acid (PLA) Market Research and Forecast, 2018-2023
Recently, Orion Market Research (OMR) published a market research report on the global polylactic acid market. The polylactic Acid market is expected to grow at CAGR of 17.2% from 2018 to 2023. Environmental concerns, Government policies, and unstable crude price are motivating the market. Packaging is the largest segment of PLA and expected to be the largest segment in the year 2023. High demand from PLA 3D printing Filaments is
Polylactic Acid Market to Witness Exponential Growth by 2026
Most importantly Polylactic acid is compostable i.e. it can be broke down under some conditions into the biodegradable components which makes it a preferred material for packaging applications across various industry such as food and beverages and consumer products. The major share of industry usable bio plastic is covered by Polylactic acid. The industry preference for Polylactic acid over conventional plastic is because of the increasing demand and prices of
Polylactic Acid (PLA) Market 2017 Research Report
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. The Major Players :- NatureWorks (USA) Cereplast(USA) Futerro(Belgium) Corbion(Netherlands) JiangsuSupla(China) Browse complete report at @ https://www.1marketresearch.com/market-reports/global-polylactic-acid-pla-market-outlook-2017-2022-market-research-report-2119/ The