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Lactic Acid and Poly Lactic Acid (PLA)-Global Market Insights and Sales Trends 2024

Lactic Acid and Poly Lactic Acid (PLA)-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1855234

No of Pages : 92

Synopsis
Polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable resources, such as corn starch (in the United States and Canada), cassava 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 global Lactic Acid and Poly Lactic Acid (PLA) market size is expected to reach US$ 1896.4 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Lactic Acid and Poly Lactic Acid (PLA) in various end use industries. The expanding demands from the Industrial, Personal Care, Packaging and Petroleum Based Products, are propelling Lactic Acid and Poly Lactic Acid (PLA) market. Lactic Acid, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Poly Lactic Acid (PLA) segment is estimated at % CAGR for the next seven-year period.
The use of lactic acid in the manufacture of biodegradable plastics is one of the key growth factors of the lactic acid market. Rising environmental concerns due to dumping of plastics in landfills is promoting the use of bioplastics, which is indirectly benefitting the lactic acid market. Lactic acid is a carboxylic acid that is used across a host of end-use industries owing to its chemical properties. The increasing application of polylactic acid in the packaging industry is estimated to fuel growth of the polylactic acid market in the following years. The introduction of bio-based plastics and their increased usage in the food and beverage industry is expected to extend growth opportunities for the polylactic acid market in the near future. Polylactic is one of the most sought-after bioplastics and is an effective substitute to traditional petroleum-based plastics. Rising crude oil price are also estimated to drive the global PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products. North America is the largest market for global lactic acid & poly lactic acid market. Changing lifestyles along with rising consciousness regarding the enhancement of the overall personality of an individual in various countries including India, China, Malaysia, and Sri Lanka is expected to drive the global cosmetics market, which in turn is likely to spur growth.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Lactic Acid and Poly Lactic Acid (PLA), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Lactic Acid and Poly Lactic Acid (PLA) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Lactic Acid and Poly Lactic Acid (PLA) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Lactic Acid and Poly Lactic Acid (PLA) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Lactic Acid and Poly Lactic Acid (PLA) covered in this report include BASF, Danimer Scientific, Henan Jindan Lactic Acid Technology, Synbra Technology, Dow Chemical, Corbion, Natureworks, Teijin and Wei Mon Industry, etc.
The global Lactic Acid and Poly Lactic Acid (PLA) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
Danimer Scientific
Henan Jindan Lactic Acid Technology
Synbra Technology
Dow Chemical
Corbion
Natureworks
Teijin
Wei Mon Industry
Global Lactic Acid and Poly Lactic Acid (PLA) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Lactic Acid and Poly Lactic Acid (PLA) market, Segment by Type:
Lactic Acid
Poly Lactic Acid (PLA)
Global Lactic Acid and Poly Lactic Acid (PLA) market, by Application
Industrial
Personal Care
Packaging
Petroleum Based Products
Textiles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Lactic Acid and Poly Lactic Acid (PLA) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Lactic Acid and Poly Lactic Acid (PLA) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Lactic Acid and Poly Lactic Acid (PLA) Market Overview
1.1 Lactic Acid and Poly Lactic Acid (PLA) Product Overview
1.2 Lactic Acid and Poly Lactic Acid (PLA) Market Segment by Type
1.2.1 Lactic Acid
1.2.2 Poly Lactic Acid (PLA)
1.3 Global Lactic Acid and Poly Lactic Acid (PLA) Market Size by Type
1.3.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Size Overview by Type (2018-2029)
1.3.2 Global Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Type (2018-2023)
2 Global Lactic Acid and Poly Lactic Acid (PLA) Market Competition by Company
2.1 Global Top Players by Lactic Acid and Poly Lactic Acid (PLA) Sales (2018-2023)
2.2 Global Top Players by Lactic Acid and Poly Lactic Acid (PLA) Revenue (2018-2023)
2.3 Global Top Players by Lactic Acid and Poly Lactic Acid (PLA) Price (2018-2023)
2.4 Global Top Manufacturers Lactic Acid and Poly Lactic Acid (PLA) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Lactic Acid and Poly Lactic Acid (PLA) Market Competitive Situation and Trends
2.5.1 Lactic Acid and Poly Lactic Acid (PLA) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Lactic Acid and Poly Lactic Acid (PLA) Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Lactic Acid and Poly Lactic Acid (PLA) as of 2022)
2.7 Date of Key Manufacturers Enter into Lactic Acid and Poly Lactic Acid (PLA) Market
2.8 Key Manufacturers Lactic Acid and Poly Lactic Acid (PLA) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Lactic Acid and Poly Lactic Acid (PLA) Status and Outlook by Region
3.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size by Region
3.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Region (2018-2023)
3.2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Region (2018-2023)
3.2.3 Global Lactic Acid and Poly Lactic Acid (PLA) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Region
3.3.1 Global Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Region (2024-2029)
3.3.2 Global Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Region (2024-2029)
3.3.3 Global Lactic Acid and Poly Lactic Acid (PLA) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Lactic Acid and Poly Lactic Acid (PLA) by Application
4.1 Lactic Acid and Poly Lactic Acid (PLA) Market Segment by Application
4.1.1 Industrial
4.1.2 Personal Care
4.1.3 Packaging
4.1.4 Petroleum Based Products
4.1.5 Textiles
4.2 Global Lactic Acid and Poly Lactic Acid (PLA) Market Size by Application
4.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Size Overview by Application (2018-2029)
4.2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Sales Breakdown by Application (2018-2023)
5 North America Lactic Acid and Poly Lactic Acid (PLA) by Country
5.1 North America Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size by Country
5.1.1 North America Lactic Acid and Poly Lactic Acid (PLA) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2018-2023)
5.1.3 North America Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2018-2023)
5.2 North America Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Country
5.2.1 North America Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2024-2029)
5.2.2 North America Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2024-2029)
6 Europe Lactic Acid and Poly Lactic Acid (PLA) by Country
6.1 Europe Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size by Country
6.1.1 Europe Lactic Acid and Poly Lactic Acid (PLA) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2018-2023)
6.1.3 Europe Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2018-2023)
6.2 Europe Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Country
6.2.1 Europe Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2024-2029)
6.2.2 Europe Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2024-2029)
7 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) by Region
7.1 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size by Region
7.1.1 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Region
7.2.1 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Region (2024-2029)
8 Latin America Lactic Acid and Poly Lactic Acid (PLA) by Country
8.1 Latin America Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size by Country
8.1.1 Latin America Lactic Acid and Poly Lactic Acid (PLA) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2018-2023)
8.2 Latin America Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Country
8.2.1 Latin America Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2024-2029)
9 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) by Country
9.1 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Historic Market Size by Country
9.1.1 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Forecasted Market Size by Country
9.2.1 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Lactic Acid and Poly Lactic Acid (PLA) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF
10.1.1 BASF Company Information
10.1.2 BASF Introduction and Business Overview
10.1.3 BASF Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.1.5 BASF Recent Development
10.2 Danimer Scientific
10.2.1 Danimer Scientific Company Information
10.2.2 Danimer Scientific Introduction and Business Overview
10.2.3 Danimer Scientific Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Danimer Scientific Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.2.5 Danimer Scientific Recent Development
10.3 Henan Jindan Lactic Acid Technology
10.3.1 Henan Jindan Lactic Acid Technology Company Information
10.3.2 Henan Jindan Lactic Acid Technology Introduction and Business Overview
10.3.3 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.3.5 Henan Jindan Lactic Acid Technology Recent Development
10.4 Synbra Technology
10.4.1 Synbra Technology Company Information
10.4.2 Synbra Technology Introduction and Business Overview
10.4.3 Synbra Technology Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Synbra Technology Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.4.5 Synbra Technology Recent Development
10.5 Dow Chemical
10.5.1 Dow Chemical Company Information
10.5.2 Dow Chemical Introduction and Business Overview
10.5.3 Dow Chemical Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Dow Chemical Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.5.5 Dow Chemical Recent Development
10.6 Corbion
10.6.1 Corbion Company Information
10.6.2 Corbion Introduction and Business Overview
10.6.3 Corbion Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Corbion Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.6.5 Corbion Recent Development
10.7 Natureworks
10.7.1 Natureworks Company Information
10.7.2 Natureworks Introduction and Business Overview
10.7.3 Natureworks Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Natureworks Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.7.5 Natureworks Recent Development
10.8 Teijin
10.8.1 Teijin Company Information
10.8.2 Teijin Introduction and Business Overview
10.8.3 Teijin Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Teijin Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.8.5 Teijin Recent Development
10.9 Wei Mon Industry
10.9.1 Wei Mon Industry Company Information
10.9.2 Wei Mon Industry Introduction and Business Overview
10.9.3 Wei Mon Industry Lactic Acid and Poly Lactic Acid (PLA) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Wei Mon Industry Lactic Acid and Poly Lactic Acid (PLA) Products Offered
10.9.5 Wei Mon Industry Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Lactic Acid and Poly Lactic Acid (PLA) Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Lactic Acid and Poly Lactic Acid (PLA) Industrial Chain Analysis
11.4 Lactic Acid and Poly Lactic Acid (PLA) Market Dynamics
11.4.1 Lactic Acid and Poly Lactic Acid (PLA) Industry Trends
11.4.2 Lactic Acid and Poly Lactic Acid (PLA) Market Drivers
11.4.3 Lactic Acid and Poly Lactic Acid (PLA) Market Challenges
11.4.4 Lactic Acid and Poly Lactic Acid (PLA) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Lactic Acid and Poly Lactic Acid (PLA) Distributors
12.3 Lactic Acid and Poly Lactic Acid (PLA) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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