- Corn
- Cassava
- Sugarcane and Sugar Beet
- Others
Bio-Polylactic Acid (PLA) Market size was valued at USD 573.2 million in 2022 and is expanded to grow at a significant CAGR of 18.7% from 2023-2029. A common bio-based plastic made from bio-based monomers is bio-polylactic acid. Unlike plastic films, Bio-PLA films can hold twists and folds. The rising popularity of bio-polylactic acid films is mostly due to greater consumer health and environmental awareness. Furthermore, governments in many countries have enacted strict rules and policies to boost bio-polylactic acid's appeal. The rising use of bio-PLA in 3D printing and the increased output of genetically modified corn are anticipated to present opportunities in the future. The Food and Drug Administration (FDA) and affiliated organizations advocate the use of biodegradable and food-grade plastics for beverage and snack consumption as part of their increased food safety intervention. The packaging segment is predicted to dominate the market based on end-user industries. One of the biggest users of bio-polylactic acid is the packaging sector (PLA). During the projected period, packaging demand is expected to rise in areas such as groceries, home entertainment items, and household supplies. At the same time, many industries, such as food and pharmaceutical packaging, continue to see strong demand.
Bio-Polylactic Acid (PLA) Market Development:
- In Jan 2022, Danimer Scientific, Inc., and TotalEnergies Corbion are set to enter a long-term collaborative agreement for the supply of Luminy PLA, a bio-based polymer made with approximately 20% recycled content, to enhance the production of resins with blended PHA and PLA inputs.
Bio Polylactic Acid Pla Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
18.7%
Largest Market
Asia-Pacific
Fastest Growing Market
North America
Bio-Polylactic Acid (PLA) Market Dynamics
Growing demand for the food packaging industry is expected to drive the global bio-polylactic acid market. Bio-based materials are increasingly being used as food packaging materials due to their advantages over fossil-based plastics, such as using renewable resources in their manufacture. The global bio-polylactic acid film market is expected to be hampered by higher costs than semi-synthetic and synthetic films during the forecast period.
Asia-Pacific Got Significant Share
Bio-Polylactic Acid (PLA) Market Regional Analysis
In 2021, Asia Pacific dominated the Bio-polylactic Acid (PLA) Films market. The economy of APAC is heavily influenced by the economic dynamics of countries like China and India, owing to rising urbanization. As a result of growing urbanization, people's lifestyles are continually changing. People in cities have adopted a more modern way of life, resulting in a growth in the use of bio-polylactic acid films as a premium product for a number of residential applications, including packaging. Rapid urbanization is fueled by factors such as increased demand for plastic packaging, faster electronic product manufacturing, increased digital printing, rising food and retail grocery sales, and the expansion of the pharmaceutical industry. As a result, the bio-polylactic acid (PLA) film market in this region is expected to grow.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Bio Polylactic Acid Pla Market Segmentation
By Raw materials
By End User
- Packaging
- Medical
- Electronics
- Agriculture
- Textiles
- Other End-user Industries
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Bio Polylactic Acid size was valued at USD 573.2 million in 2022
NatureWorks LLC, Sulzer Ltd, TotalEnergies Corbion, Futerro, Taghleef Industries
The Bio-Polylactic Acid (PLA) Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Bio Polylactic Acid Pla Market Introduction |
| 2.1.Global Bio Polylactic Acid Pla Market - Taxonomy |
| 2.2.Global Bio Polylactic Acid Pla Market - Definitions |
| 2.2.1.Raw materials |
| 2.2.2.End User |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3. Global Bio Polylactic Acid Pla Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Bio Polylactic Acid Pla Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Bio Polylactic Acid Pla Market By Raw materials, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Corn |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Cassava |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Sugarcane and Sugar Beet |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Bio Polylactic Acid Pla Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Packaging |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Medical |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electronics |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Agriculture |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Textiles |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Other End-user Industries |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Bio Polylactic Acid Pla Market By Geography, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Bio Polylactic Acid Pla Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Bio Polylactic Acid Pla Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Raw materials Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Corn |
| 9.1.2.Cassava |
| 9.1.3.Sugarcane and Sugar Beet |
| 9.1.4.Others |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Packaging |
| 9.2.2.Medical |
| 9.2.3.Electronics |
| 9.2.4.Agriculture |
| 9.2.5.Textiles |
| 9.2.6.Other End-user Industries |
| 9.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Bio Polylactic Acid Pla Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Raw materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Corn |
| 10.1.2.Cassava |
| 10.1.3.Sugarcane and Sugar Beet |
| 10.1.4.Others |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Packaging |
| 10.2.2.Medical |
| 10.2.3.Electronics |
| 10.2.4.Agriculture |
| 10.2.5.Textiles |
| 10.2.6.Other End-user Industries |
| 10.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Bio Polylactic Acid Pla Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Raw materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Corn |
| 11.1.2.Cassava |
| 11.1.3.Sugarcane and Sugar Beet |
| 11.1.4.Others |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Packaging |
| 11.2.2.Medical |
| 11.2.3.Electronics |
| 11.2.4.Agriculture |
| 11.2.5.Textiles |
| 11.2.6.Other End-user Industries |
| 11.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Bio Polylactic Acid Pla Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Raw materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Corn |
| 12.1.2.Cassava |
| 12.1.3.Sugarcane and Sugar Beet |
| 12.1.4.Others |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Packaging |
| 12.2.2.Medical |
| 12.2.3.Electronics |
| 12.2.4.Agriculture |
| 12.2.5.Textiles |
| 12.2.6.Other End-user Industries |
| 12.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Bio Polylactic Acid Pla Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Raw materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Corn |
| 13.1.2.Cassava |
| 13.1.3.Sugarcane and Sugar Beet |
| 13.1.4.Others |
| 13.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Packaging |
| 13.2.2.Medical |
| 13.2.3.Electronics |
| 13.2.4.Agriculture |
| 13.2.5.Textiles |
| 13.2.6.Other End-user Industries |
| 13.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Cofco |
| 14.2.2.Danimer Scientific |
| 14.2.3.Futerro |
| 14.2.4.BEWiSynbra Group |
| 14.2.5.Polysciences Inc. |
| 14.2.6.TotalEnergies Corbion |
| 14.2.7.NatureWorks LLC |
| 14.2.8.Sulzer Ltd |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Cofco
- Danimer Scientific
- Futerro
- BEWiSynbra Group
- Polysciences Inc.
- TotalEnergies Corbion
- NatureWorks LLC
- Sulzer Ltd