Polylactic Acid (PLA) Market [2016-2028] Estimated to Reach USD 1615.97 MN – Credence Research

July 22 03:35 2022
Polylactic Acid (PLA) Market [2016-2028] Estimated to Reach USD 1615.97 MN - Credence Research
The key players in the global Polylactic Acid (PLA) market in terms of value include NatureWorks LLC (US), Total Corbion PLA (Netherlands), BASF SE (Germany), Futerro (Belgium), COFCO (China), Mitsubishi Chemicals Corporation (Japan), Danimer Scientific (US), UNITIKA LTD.(Japan), Evonik Industries (Germany), and TORAY INDUSTRIES, INC (Japan).

Polylactic Acid Market Analysis – Global Industry Growth, Size, Share, Opportunities & Competitive Analysis, 2016 – 2028

The Global Polylactic Acid (PLA) Market generated revenue of around USD 823.1 million in 2021 and is anticipated to grow a CAGR of over 11.90% during the forecast period from 2022 to 2028 to reach around USD 1615.97 million in 2028. While, cumulative growth opportunity presented by the global Polylactic Acid (PLA) is around USD 792.87 million during 2022 to 2028.

The expansion of the market is primarily attributable to the rise in demand for Polylactic acid across sectors like packaging, textiles, and agriculture. The packaging industry is thriving as a result of the increased demand for snacks, packaged foods, ready-to-eat (RTE) meals, and other commodities. Due to the rapidly growing packaging industry, it is anticipated that PLA demand would rise over the projection period. The fact that polylactic acid emits fewer greenhouse gases than conventional polymers has also stimulated demand on a global scale. The market is expanding as a result of the rising demand for goods with flexible packaging. However, many end-user industries adjust their product pricing in response to rising raw material costs. Thus, the biggest problem is consumer boredom, which prevents growth. Due to its high cost, the majority of emerging nations on the global market cannot afford it, which restricts the industry’s growth.

The global Polylactic Acid (PLA) market is segmented into grades, application, end-use industries, and Geography. Based on grades, the market is segmented into Thermoforming grade, Blow molding grade, Injection molding grade, Extrusion grade, and Others. On the basis of application, the market is segmented into Rigid thermoforms, Bottles, Films & sheets, and Others. Based on end-use industries, the market is segmented into Packaging, Consumer goods, Agricultural, Textile, Biomedical and Others. On the basis of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.

Polylactic Acid (PLA) Market Scope

Report Attribute


Market Value in 2021

USD 823.1 million

Market Value in 2028

USD 1615.97 million


11.90 %

Benchmarking Year


Past data

2016 – 2021

Forecast period

2022 – 2028

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The purpose of this strategic research study titled “Global Polylactic Acid (PLA) Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global polylactic acid market.

The report includes comprehensive analytics for North America, Europe, Asia-Pacific, and the rest of the world (RoW). Annual estimates and forecasts are provided for the years 2020 through 2028, and the market growth rate is calculated from 2021 to 2028. Primary and secondary research are used to generate market data and analytics. We considered the market’s demand side approach. Competitive analysis is primarily based on publicly available information, such as company URLs and annual reports.

Target Audience

  • Industry investors
  • Raw material suppliers
  • Distributors
  • Manufacturers
  • Retailers
  • Companies who want to enter the market and companies who want to diversify their product portfolio
  • USP and Key Offerings

Segmentation of Global Polylactic Acid (PLA) Market-

Global Polylactic Acid (PLA) Market – By Grades

  • Thermoforming grade
  • Injection molding grade
  • Extrusion grade
  • Blow molding grade
  • Others

Global Polylactic Acid (PLA) Market – By Applications

  • Rigid thermoforms
  • Films & sheets
  • Bottles
  • Others

Global Polylactic Acid (PLA) Market – By End-Use Industries

  • Packaging
  • Consumer goods
  • Agricultural
  • Textile
  • Biomedical
  • Others

Why to Buy This Report-

  • The report provides a qualitative as well as quantitative analysis of the global Polylactic Acid (PLA) market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-to 2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country-level
  • In-depth analysis of the global market segmentation on the basis of grades, application, and end-use industries.
  • Research and development investments by government as well as major players.
  • The global Polylactic Acid (PLA) market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

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Table of Content


1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Polylactic Acid (PLA) Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Polylactic Acid (PLA) Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2021

3.3.1. Grade

3.3.2. Application

3.3.3. End-user

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Polylactic Acid (PLA) Market Pre Vs Post COVID 19, 2019 – 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)

6.2.1. Overview

6.2.2. Thermoforming grade

6.2.3. Injection molding grade

6.2.4. Extrusion grade

6.2.5. Blow molding grade

6.2.6. Others

6.3. North America Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)

6.3.1. Overview

6.3.2. Rigid thermoforms

6.3.3. Films & sheets

6.3.4. Bottles

6.3.5. Others

6.4. North America Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)

6.4.1. Overview

6.4.2. Packaging

6.4.3. Consumer goods

6.4.4. Agricultural

6.4.5. Textile

6.4.6. Biomedical

6.4.7. Other

7. Europe


8. Asia Pacific


9. Latin America


10. Middle East


11. Africa


12. Global


13. Company Profiles

13.1. NatureWorks LLC

13.2. Total Corbion PLA

13.3. BASF SE

13.4. Futerro

13.5. COFCO

13.6. Mitsubishi Chemicals Corporation

13.7. Danimer Scientific


13.9. Evonik Industries


13.11. Others


List Of Table:

FIG. 1 Global Polylactic Acid (PLA) Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Polylactic Acid (PLA) Market Segmentation

FIG. 4 Global Polylactic Acid (PLA) Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Polylactic Acid (PLA) Market, by Grade, 2019 (US$ Bn)

FIG. 6 Global Polylactic Acid (PLA) Market, by End-user, 2019 (US$ Bn)

FIG. 7 Global Polylactic Acid (PLA) Market, by Application, 2021 (US$ Bn)

FIG. 8 Global Polylactic Acid (PLA) Market, by Geography, 2021 (US$ Bn)

FIG. 9 Attractive Investment Proposition, by Geography, 2021

FIG. 10 Global Market Positioning of Key Polylactic Acid (PLA) Market Manufacturers, 2019

FIG. 11 Global Polylactic Acid (PLA) Market Value Contribution, By Application, 2021 & 2028 (Value %)

FIG. 12 Global Polylactic Acid (PLA) Market, by Rigid thermoforms, Value, 2016-2028 (US$ Bn)

FIG. 13 Global Polylactic Acid (PLA) Market, by Films & sheets, Value, 2016-2028 (US$ Bn)

FIG. 14 Global Polylactic Acid (PLA) Market, by Bottles, Value, 2016-2028 (US$ Bn)

FIG. 15 Global Polylactic Acid (PLA) Market Value Contribution, By Grade, 2021 & 2028 (Value %)

FIG. 16 Global Polylactic Acid (PLA) Market, by Thermoforming grade, 2016-2028 (US$ Bn)

FIG. 17 Global Polylactic Acid (PLA) Market, by Injection molding grade, Value, 2016-2028 (US$ Bn)

FIG. 18 Global Polylactic Acid (PLA) Market, by Extrusion grade, Value, 2016-2028 (US$ Bn)

FIG. 19 Global Polylactic Acid (PLA) Market, by Others, Value, 2016-2028 (US$ Bn)

FIG. 20 Global Polylactic Acid (PLA) Market Value Contribution, By End-user, 2021 & 2028 (Value %)

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