Pla Market
Pla Market Global Industry Analysis and Forecast (2024-2032) by Raw Material (Corn starch, Sugarcane, Cassava, Others), Application (Rigid thermoform, Films & sheets, Bottles, Others), End User (Packaging, Agriculture, Automotive & transport, Electronics, Textile, Consumer goods, Bio-medical, Others) and Region
February 2025
Chemicals and Materials
Pages: 138
ID: IMR1754
Pla Market Synopsis
Pla Market Size Was Valued at USD 713.4 Million in 2023, and is Projected to Reach USD 4,025.84 Million by 2032, Growing at a CAGR of 21.2% From 2024-2032.
Polylactic Acid (PLA) is an organic thermoplastic made from renewable sources of material like cornstarch, sugarcane, and roots from cassava plants. It has attracted much attention for its environmentally friendly characteristic and, more importantly, the comprehensive substitution for petroleum-based plastics in some uses. PLA possesses great mechanical strength, thermal stability, and transparency, thus its uses in packaging, textiles, horticulture, and in the biomedical field. In addition, its biodegradability corresponds well to the growing concern of the world, including such strategies as the reduction of plastics usage and the definition and usage of environmentally friendly materials, where PLA can be on the leaders list as a material for the transition to the circular economy.
The PLA market has been showing very consistent and rapid growth over the last few years due to increasing consciousness of the populace about the environment and environmental rules being formulated against single use plastics. The increasing popularity of biodegradable materials throughout the world has been encouraged by various governments which has led to an increase in consumption of PLA. Moreover, progress in polymers has enhanced the characteristics of PLA, including heat stability and toughness for use in food packaging processing, consumer products as well as 3D printing markets.
Another the important force driving the growth of this market is the investments made by the players to innovate PLA in a bid to reduce the costs involved in its manufacture as well as to improve the capabilities of the material. The changing consumer trends towards environmentally sustainable packaging has and expanded the application of PLA across many industries. Based on the increasing demand in industrial sectors and increasing support from the related regulatory departments, the future development trend of PLA is optimistic in the future period.
Pla Market Outlook, 2023 and 2032: Future Outlook
Pla Market Trend Analysis
Trend: Expansion of PLA in 3D Printing
On that most significant aspect of the current PLA market, there is the trend that the organization is adopting 3D printing technologies at a high rate. These attributes have made PLA an ideal material for 3D printing filaments because it is cheap, easily printable and biodegradable. The increasing use of additive manufacturing technology in developing a market for healthcare, automotive, and aerospace industries has encouraged the use of PLA. Also, the feature of customizing and prototyping through 3D printing have led to the use PLA in the production of these complex structures. To increasing development and use of 3D printing in different aspects, increasing use of PLA in this sector will also have an exponential growth.
Driver: Rising Consumer Awareness About Biodegradability
The requirement specifically concerning anti-environment-damage consciousness raised by the consumers has become one of the key forces for the rising demand in PLA. The public is also gradually encouraging industries to use environmentally friendly and bio-degradable products, such as PLA materials. This trend has been clearly observed in F&B industry, PLA application is common for bottles, trays and films. Moreover, government support and awareness created from the use of biodegradable products have exacerbated the global demand of PLA.
Restraint: High Production Costs of PLA
However, the principal limitation to the PLA is the high production cost, although PLA has numerous advantages given above. However, due to its dependency on raw materials, possibility of polymerization and synthesizing PLA and subsequent production make the material costly as compared to conventional plastics. This cost differences has however given PLA a downside in terms of application in that it has only been adopted where the cost factor is not a major issue. Moreover, there is a lack of provisions for the big scale composting of PLA products and a dearth of biodegradability standards for many end products. They have to be addressed in order to achieve a greater market penetration.
Opportunity: Technological Advancements in PLA Production
There arising huge chances of new market development through the technological enhancement of the PLA. There is potential to bring costs down and to further improve PLA’s properties by using improved fermentation techniques for the production of lactic acid, better polymerisations of lactide, and using unconventional raw materials as crops residues and others. Such developments are narrowing the gap that PLA has in relation to the conventional plastics with regard to cost and efficiency. In addition, collaboration between the major stakeholders and universities for research and development to enable product commercialization is forcing the growth of new markets for PLA based products particularly in electronics, automobile and construction industries.
Pla Market Segment Analysis
Pla Market Segmented on the basis of Raw Material, application and end user.
By Raw Material
o Corn starch
o Sugarcane
o Cassava
o Others
By End User
o Packaging
o Agriculture
o Automotive & transport
o Electronics
o Textile
o Consumer goods
o Bio-medical
o Others
By End Application
o Rigid thermoform
o Films & sheets
o Bottles
o Others
By Region
o North America (U.S., Canada, Mexico)
o Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
o Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
o Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
o Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
o South America (Brazil, Argentina, Rest of SA)
By Raw Material, Corn starch segment is expected to dominate the market during the forecast period
Therefore, corn starch has attracted attention as the most accessible, renewable, and low-cost feedstock for PLA biosynthesis. The corn starch segment is expected to be the largest PLA market during the forecast period since corn starch is used as lactic acid fermentation feedstock in the manufacturing process of PLA. Another advantage of this technology is how easy it is processed and integrated with other structures within industries.
Moreover, the concern of the world to find substitutes for conventional plastics or the biodegradable plastics that are derived from fossil based raw materials have also been a key driver to the corn starch segment. This position propels the consumption of corn starch-based PLA because major players in the market are targeting at increasing the efficiency of its production.
By Application, Rigid thermoform segment expected to held the largest share
The thermoformed PLA segment is likelier to experience the largest demand in the global market mainly because of its major application in packaging. The fact that PLA has a high degree of clarity, modulus of stiffness and barrier that make it a material of choice for thermoformed products such as cups, trays, and containers. These products are very popular with food and beverage industries as they are environmentally friendly and guard the integrity of the products.
Furthermore, there is an increasing demand for packaged products that are eco-friendly which has led to application of PLA derived rigid thermoforms. The dominance of the segment is further supported by the emergence of new generation PLA formulations that would allow the creation of heat-resistant and rigid thermoformed products.
Pla Market Regional Insights
North America is Expected to Dominate the Market Over the Forecast period
The data presented in the figure 3 indicate that North America is the largest consumer of PLA worldwide, with 30-35% market share in 2023. The leadership of the region can be attributed to enhanced PLA manufacturers, supportive regulation, and high customer sensitization to green products. PLA is popularly used in packaging, agriculture, and 3D printing industries and the United States has caused a high increase in the use of PLA in its economy. Government promotion of bioplatics and increasing environmental awareness and preference for green products also substantiate the position for the region. The rising fdi in research and development activities across North America region is also believed to support its standing in the global PLA market.
Pla Market Share, by Geography, 2023 (%)
Active Key Players in the Pla Market
o BASF SE (Germany)
o BIOTEC GmbH (Germany)
o Corbion N.V. (Netherlands)
o Futerro (Belgium)
o Green Dot Bioplastics (United States)
o Hebei Xingfei Chemical Co., Ltd. (China)
o Jiangsu Torise Biomaterials Co., Ltd. (China)
o Mitsubishi Chemical Corporation (Japan)
o NatureWorks LLC (United States)
o Ningbo Tianan Biologic Material Co., Ltd. (China)
o RTP Company (United States)
o Shenzhen Esun Industrial Co., Ltd. (China)
o Synbra Technology bv (Netherlands)
o Teijin Limited (Japan)
o TotalEnergies Corbion (Netherlands)
o Other key Players
Global Pla Market Scope
Global Pla Market | |||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 713.4 Million |
Forecast Period 2024-32 CAGR: |
21.2% |
Market Size in 2032: |
USD 4,025.84 Million |
Segments Covered: |
By Raw Material |
· Corn starch · Sugarcane · Cassava · Others | |
By Application |
· Rigid thermoform · Films & sheets · Bottles · Others | ||
By End User |
· Packaging · Agriculture · Automotive & transport · Electronics · Textile · Consumer goods · Bio-medical · Others | ||
By Region |
· North America (U.S., Canada, Mexico) · Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe) · Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe) · Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC) · Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa) · South America (Brazil, Argentina, Rest of SA) | ||
Key Market Drivers: |
· Rising Consumer Awareness About Biodegradability | ||
Key Market Restraints: |
· High Production Costs of PLA | ||
Key Opportunities: |
· Technological Advancements in PLA Production | ||
Companies Covered in the report: |
· BASF SE (Germany), BIOTEC GmbH (Germany), Corbion N.V. (Netherlands), Futerro (Belgium), Green Dot Bioplastics (United States), Hebei Xingfei Chemical Co., Ltd. (China) and Other Major Players. |
Frequently Asked Questions
1. What would be the forecast period in the Pla Market research report?
Answer: The forecast period in the Pla Market research report is 2024-2032.
2. Who are the key players in the Pla Market?
Answer: BASF SE (Germany), BIOTEC GmbH (Germany), Corbion N.V. (Netherlands), Futerro (Belgium), Green Dot Bioplastics (United States), Hebei Xingfei Chemical Co., Ltd. (China) and Other Major Players.
3. What are the segments of the Pla Market?
Answer: The Pla Market is segmented into Raw Material, Application, End User and region. By Raw Material, the market is categorized into Corn starch, Sugarcane, Cassava, Others. By Application, the market is categorized into Rigid thermoform, Films & sheets, Bottles, Others. By End User, the market is categorized into Packaging, Agriculture, Automotive & transport, Electronics, Textile, Consumer goods, Bio-medical, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
4. What is the Pla Market?
Answer: Polylactic Acid (PLA) is an organic thermoplastic made from renewable sources of material like cornstarch, sugarcane, and roots from cassava plants. It has attracted much attention for its environmentally friendly characteristic and, more importantly, the comprehensive substitution for petroleum-based plastics in some uses. PLA possesses great mechanical strength, thermal stability, and transparency, thus its uses in packaging, textiles, horticulture, and in the biomedical field. In addition, its biodegradability corresponds well to the growing concern of the world, including such strategies as the reduction of plastics usage and the definition and usage of environmentally friendly materials, where PLA can be on the leaders list as a material for the transition to the circular economy.
5. How big is the Pla Market?
Answer: Pla Market Size Was Valued at USD 713.4 Million in 2023, and is Projected to Reach USD 4,025.84 Million by 2032, Growing at a CAGR of 21.2% From 2024-2032.
