ポリ乳酸市場 – 2030年までの世界予測

Polylactic Acid Market - Global Forecast To 2030

ポリ乳酸市場 - 等級(熱成形グレード、射出成形グレード、押出成形グレード、ブロー成形グレード)、用途(硬質熱成形品、フィルム・シート、ボトル)、最終用途産業(包装、消費財、農業、繊維、バイオメディカル)、原材料(サトウキビ、コーンスターチ、キャッサバ、テンサイ)、および地域別 - 2030年までの世界予測
Polylactic Acid Market by Grade (Thermoforming Grade, Injection Molding Grade, Extrusion Grade, Blow Molding Grade), Application (Rigid Thermoforms, Films & Sheets, Bottles), End-use Industry (Packaging, Consumer Goods, Agricultural, Textile, Bio-Medical), Raw Material (Sugarcane, Corn starch, Cassava, Sugarbeet), and Region - Global Forecast to 2030

商品番号 : SMB-12288

出版社MarketsandMarkets
出版年月2025年8月
ページ数268
図表数314
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートは、ポリ乳酸(PLA)市場をグレード(熱成形グレード、射出成形グレード、押出成形グレード、ブロー成形グレード)、用途(硬質熱成形品、フィルム・シート、ボトル)、最終用途産業(包装、消費財、農業、繊維、バイオメディカル)、原材料(サトウキビ、コーンスターチ、キャッサバ、テンサイ)、地域(アジア太平洋、北米、欧州、南米、中東・アフリカ)に基づいて分類しています。レポートでは、ポリ乳酸(PLA)市場の成長に影響を与える推進要因、制約要因、課題、機会に関する詳細な情報を提供しています。主要業界プレーヤーの包括的な分析により、各社の事業概要、提供製品、そしてPLA市場に関連する提携、契約、製品発売、事業拡大、買収といった主要戦略に関する洞察が提供されます。さらに、本レポートでは、ポリ乳酸(PLA)業界エコシステムにおける新興企業の競合分析も提供しています。

本レポートは、市場リーダー企業と新規参入企業に対し、ポリ乳酸(PLA)市場全体とそのサブセグメントの収益予測を提供します。本レポートは、関係者が競争環境を理解し、自社のポジショニングに関する洞察を深め、適切な市場開拓戦略を策定するのに役立ちます。また、市場の動向を把握し、主要な推進要因、制約要因、課題、機会に関する情報を提供するのにも役立ちます。

世界のポリ乳酸(PLA)市場は、2025年の20億1,000万米ドルから2030年には45億1,000万米ドルに拡大し、予測期間全体で17.5%の年平均成長率(CAGR)を達成すると予想されています。この成長の大部分は、食品・飲料分野における堆肥化可能な包装材の需要増加と、特にアジア太平洋、欧州、北米地域における新たな大規模産業用PLA生産工場の建設に起因しています。さらに、耐熱性や化学的にリサイクル可能なPLAの開発が進められており、自動車、電子機器、耐久財などの用途でより広範な市場機会が創出されています。バイオ精製所への投資、原料の多様化、そしてブランドによる持続可能な包装材開発への取り組みに支えられ、市場見通しは依然として明るいと見込まれています。バイオメディカルデバイス市場、複合材料、低炭素製造システムにおける新たな用途も、長期的な成長機会の見通しを示しています。

The global PLA market is expected to increase from USD 2.01 billion in 2025 to USD 4.51 billion by 2030, translating into a CAGR of 17.5% over the forecast period. Much of this growth can be attributed to increasing demand for compostable packaging in the food and beverage sector, along with the rise of new large-scale industrial PLA production plants, particularly in the Asia Pacific, Europe, and North America regions. Additionally, ongoing developments of PLA that are heat-resistant or can be chemically recycled are opening up broader market opportunities for applications in automotive, electronics, and durable goods. The market outlook remains positive, supported by investments in bio-refineries, diversification of feedstocks, and commitments by brands to develop sustainable packaging. Emerging applications in the biomedical device market, composites, and low-carbon manufacturing systems will also present long-term growth opportunities perspective.

ポリ乳酸市場 - 2030年までの世界予測
polylactic-acid-pla-market-Overview

“Films & Sheets to Be Second Fastest-Growing Segment in the PLA Market”

The films and sheets application area is expected to be the second-fastest growing segment in the PLA market. PLA films are used in various applications, including flexible food packaging, agricultural mulch films, personal care wrappers, and different labeling uses due to their excellent transparency, sealability, and, for some applications, biodegradability. Within this market segment, it has become easier to adopt PLA-based film as a replacement because of the global shift away from traditional multilayer plastic films and the increasing demand for certified compostable packaging products. Projects that have supported global initiatives in compostable packaging show a rising use of PLA-based films in waiting-to-laminate, thermo-sealing, coating applications, and other segments actively pursuing sustainability products.

“Extrusion grade to be second fastest-growing segment in PLA market”

The extrusion grade PLA segment was the second fastest-growing segment in the PLA market in 2024, due to the increased demand for bio-based sheets, films, and profiles in packaging, construction, and consumer applications. PLA is considered a viable alternative to conventional polymers, in both rigid and flexible approaches, given that PLA can utilize standard extrusion equipment, improvements in thermal resistance, and mechanical stability. The extrusion segment is further advancing due to its increased use as a viable alternative for clamshell containers, blister packs, laminated materials, and other packaging products, especially where formability, clarity, and compostability are necessary. As the food packaging and industrial sheets market shifted toward more sustainable materials, the extrusion grade PLA segment offers inexpensive alternatives, while also offering large-scale, efficient processing, and reducing the overall impact on the environment. Other innovations, such as co-extrusion and multilayer PLA structures, will help increase the segment’s footprint internationally.

“The corn starch segment was the second fastest-growing segment of PLA market in 2024.”

The corn starch segment was the second-fastest growing source of PLA raw material in 2024, following sugarcane. Corn starch remains the most prominent and readily available feedstock for the fermentation of lactic acid, especially in North America, Europe, and China. It benefits from a strong supply chain, competitive prices, and high fermentable sugar content, making it attractive for large-scale PLA production. Growth in corn-based PLA is supported by increasing consumer and regulatory demand for biodegradable packaging and agricultural films, particularly in developed markets with well-established corn processing infrastructure. Additionally, ongoing research into fermenting non-GMO field corn and developing more carbon-efficient production methods will likely enhance perceptions of sustainability and improve marketing prospects for corn starch.

ポリ乳酸市場 - 2030年までの世界予測 region
polylactic-acid-pla-market-Region

“Middle East & Africa to be second fastest-growing regional market for PLA”

The Middle East & Africa is anticipated to be the second fastest-growing regional PLA market in 2024. Growth is being driven by increasing awareness of plastic pollution, adoption of bio-based packaging alternatives, and the region’s push toward sustainable development goals (SDGs). Governments in the Middle East & Africa are introducing legislation to reduce single-use plastics, and multinational FMCG companies operating in the region are shifting to PLA-based materials for their sustainability pledges. Additionally, the expansion of food packaging, consumer goods, and agriculture sectors across Gulf nations, South Africa, and North African countries provides a promising foundation for PLA adoption. The region also offers cost-competitive access to biomass resources and is attracting foreign direct investment in green technology and bio-based industries, further fueling its PLA market growth.

  • By Company Type: Tier 1: 23%, Tier 2: 42%, and Tier 3: 35%
  • By Designation: C-level Executives: 20%, Directors: 30%, and Other Designations: 50%
  • By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa 20%

Notes: Other designations include sales, marketing, and product managers.

Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3: <USD 500 million

Companies Covered: NatureWorks LLC (US), TotalEnergies Corbion (Netherlands), BASF SE (Germany), COFCO (China), Futerro (Belgium), Danimer Scientific (US), TORAY INDUSTRIES, INC. (Japan), Evonik Industries (Germany), Mitsubishi Chemical Group Corporation (Japan), and UNITIKA LTD. (Japan) are covered in the report.

ポリ乳酸市場 - 2030年までの世界予測 ecosystem
polylactic-acid-pla-market-Ecosystem

The study includes an in-depth competitive analysis of these key players in the PLA market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the PLA market based on grade (thermoforming grade, injection molding grade, extrusion grade, blow molding grade), application (rigid thermoforms, films & sheets, bottles), end-use industry (packaging, consumer goods, agricultural, textile, bio-medical), raw material (sugarcane, corn starch, cassava, sugarbeet), and region (Asia Pacific, North America, Europe, South America, Middle East & Africa). The report’s scope includes detailed information on the drivers, restraints, challenges, and opportunities impacting the growth of the PLA market. A comprehensive analysis of key industry players provides insights into their business overview, products offered, and key strategies such as partnerships, agreements, product launches, expansions, and acquisitions related to the PLA market. Additionally, this report features a competitive analysis of emerging startups in the PLA industry ecosystem.

Reasons to Buy the Report

The report will provide market leaders and new entrants with estimates of revenue figures for the overall PLA market and its subsegments. This report will help stakeholders understand the competitive landscape, gain better insights into positioning their businesses, and develop appropriate go-to-market strategies. It will also help stakeholders understand the market’s pulse and offer information on key drivers, restraints, and challenges opportunities.

The report provides insights into the following points:

  • Assessment of primary drivers (changing consumer preference toward eco-friendly plastic products, Increasing use in packaging and compostable bag applications, government focus on green procurement policies and regulations, technological advancements in fermentation and polymerization techniques for PLA production) restraints (higher prices of PLA than conventional plastics and limited performance in high-temperature and high-impact applications), opportunities (development of new end-use applications, High growth potential in emerging economies of Asia Pacific, versatility of PLA in multiple sectors such as 3D printing, agriculture, and textiles), and challenges (lower thermal stability and mechanical performance compared to traditional plastics, competition from other biodegradable or recycled plastics and High production costs and complexity in scaling up).
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the PLA market.
  • Market Development: Comprehensive information about profitable markets–the report analyzes the PLA market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the PLA market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as NatureWorks LLC (US), TotalEnergies Corbion (Netherlands) , BASF SE (Germany), COFCO (China), Futerro (Belgium), Danimer Scientific (US), TORAY INDUSTRIES, INC. (Japan), Evonik Industries (Germany), Mitsubishi Chemical Group Corporation (Japan), and UNITIKA LTD. (Japan)

Table of Contents

1           INTRODUCTION            27

1.1        STUDY OBJECTIVES      27

1.2        MARKET DEFINITION    27

1.3        STUDY SCOPE   28

1.3.1      MARKETS COVERED AND REGIONAL SCOPE      28

1.3.2      INCLUSIONS AND EXCLUSIONS 29

1.3.3      YEARS CONSIDERED      30

1.3.4      CURRENCY CONSIDERED           30

1.3.5      UNITS CONSIDERED      30

1.4        STAKEHOLDERS            30

2           RESEARCH METHODOLOGY       31

2.1        RESEARCH DATA          31

2.1.1      SECONDARY DATA        32

2.1.1.1   List of major secondary sources  32

2.1.1.2   Key data from secondary sources            32

2.1.2      PRIMARY DATA 33

2.1.2.1   Key data from primary sources    33

2.1.2.2   Key industry insights      34

2.1.2.3   Breakdown of interviews with experts      34

2.2        MARKET SIZE ESTIMATION       35

2.2.1      BOTTOM-UP APPROACH           35

2.2.2      TOP-DOWN APPROACH 36

2.3        DATA TRIANGULATION             36

2.4        RESEARCH ASSUMPTIONS         38

2.5        GROWTH RATE ASSUMPTIONS/FORECAST        38

2.5.1      SUPPLY SIDE    39

2.5.2      DEMAND SIDE   39

2.6        RISK ASSESSMENT        39

2.7        RESEARCH LIMITATIONS          39

3           EXECUTIVE SUMMARY  40

4           PREMIUM INSIGHTS      45

4.1        ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POLYLACTIC ACID MARKET      45

4.2        POLYLACTIC ACID MARKET, BY GRADE            45

4.3        POLYLACTIC ACID MARKET, BY RAW MATERIAL            46

4.4        POLYLACTIC ACID MARKET, BY APPLICATION  46

4.5        POLYLACTIC ACID MARKET, BY END-USE INDUSTRY            47

4.6        POLYLACTIC ACID MARKET, BY COUNTRY        47

5           MARKET OVERVIEW      48

5.1        INTRODUCTION            48

5.2        MARKET DYNAMICS      49

5.2.1      DRIVERS           49

5.2.1.1   Changing consumer preference toward eco-friendly plastic products            49

5.2.1.2   Increasing use in packaging and compostable bag applications        52

5.2.1.3   Government focus on green procurement policies and regulations         52

5.2.1.4   Technological advancements in fermentation and polymerization processes of PLA 53

5.2.2      RESTRAINTS     53

5.2.2.1   Higher prices of PLA compared to conventional plastics            53

5.2.2.2   Limited performance in high-temperature and high-impact applications        53

5.2.3      OPPORTUNITIES           53

5.2.3.1   Development of new end-use applications            53

5.2.3.2   High growth potential in emerging countries of Asia Pacific            54

5.2.3.3   Versatility of PLA in 3D printing, agriculture, and textile sectors  54

5.2.4      CHALLENGES    54

5.2.4.1   Lower thermal stability and mechanical performance compared to traditional plastics   54

5.2.4.2   Competition from other biodegradable or recycled plastics            54

5.2.4.3   Expensive and complex production process          55

5.3        PORTER’S FIVE FORCES ANALYSIS        56

5.3.1      BARGAINING POWER OF SUPPLIERS      57

5.3.2      BARGAINING POWER OF BUYERS          57

5.3.3      THREAT OF SUBSTITUTES       57

5.3.4      THREAT OF NEW ENTRANTS    58

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 58

5.4        VALUE CHAIN ANALYSIS           58

5.4.1      RAW MATERIAL SUPPLIERS      59

5.4.2      MANUFACTURERS        59

5.4.3      DISTRIBUTORS  59

5.4.4      END-CONSUMERS         59

5.4.5      SUPPLIERS OF POLYLACTIC ACID MANUFACTURING EQUIPMENT      60

5.5        PATENT ANALYSIS       61

5.5.1      METHODOLOGY            61

5.5.2      PATENTS GRANTED WORLDWIDE, 2015–2024    61

5.5.3      PATENT PUBLICATION TRENDS            62

5.5.4      INSIGHTS          62

5.5.5      LEGAL STATUS OF PATENTS    62

5.5.6      JURISDICTION-WISE PATENT ANALYSIS           63

5.5.7      TOP COMPANIES/APPLICANTS  63

5.5.8      TOP 10 PATENT OWNERS (US) DURING LAST 10 YEARS            64

5.6        PRICE ANALYSIS           65

5.6.1      AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY REGION, 2022–2030       65

5.6.2      AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY GRADE, 2022–2030        65

5.6.3      AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY END-USE INDUSTRY, 2024        66

5.6.4      AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS, 2024  66

5.7        MANUFACTURING PROCESS OF POLYLACTIC ACID            67

5.7.1      RAW MATERIAL PREPARATION 68

5.7.2      LACTIDE PRODUCTION 68

5.7.3      LACTIDE PURIFICATION            68

5.7.4      LACTIDE DEPOLYMERIZATION  68

5.7.5      POLYMERIZATION CONTROL     68

5.7.6      POLYMER PURIFICATION AND PROCESSING      68

5.7.7      POST-PROCESSING AND FINISHING      69

5.7.8      PRODUCT MANUFACTURING     69

5.8        RAW MATERIAL ANALYSIS        69

5.8.1      STARCH            69

5.8.2      TAPIOCA ROOT 69

5.8.3      WOOD CHIPS     69

5.8.4      SUGARCANE     69

5.9        ECOSYSTEM/MARKET MAPPING            70

5.10      CASE STUDIES  71

5.10.1    TOTALENERGIES CORBION IMPROVES ENVIRONMENTAL FOOTPRINT WITH LUMINY RECYCLED PLAOVERVIEW  71

5.10.2    NATUREWOKS LLC HELPS SHANGHAI TUOZHUO IN IMPROVING PERFORMANCE AND REDUCING COST AND MAINTENANCE OF WOOD MOLDS FOR METAL CASTING            72

5.10.3    NATUREWORKS LLC PROVIDES INGEO POLYLACTIC ACID FILAMENT TO EARL E. BAKKEN MEDICAL DEVICE CENTER TO STREAMLINE ITS 3D PROTOTYPING           72

5.11      REGULATORY LANDSCAPE        73

5.11.1    NORTH AMERICA          73

5.11.1.1 US        73

5.11.1.2 Canada  73

5.11.2    ASIA PACIFIC    73

5.11.3    EUROPE            74

5.12      TRADE ANALYSIS          77

5.12.1    IMPORT–EXPORT SCENARIO OF POLYLACTIC ACID MARKET (HS CODE 390770)       77

5.13      TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS         78

5.14      KEY CONFERENCES AND EVENTS, 2025–2026   79

5.15      KEY FACTORS AFFECTING BUYING DECISIONS 79

5.15.1    PRICE    79

5.15.2    SUSTAINABILITY          79

5.15.3    PERFORMANCE 80

5.15.4    AVAILABILITY   80

5.15.5    REGULATIONS  80

5.15.6    BRAND REPUTATION    80

5.15.7    MARKET TRENDS          80

5.15.8    APPLICATION    80

5.16      TECHNOLOGY ANALYSIS           80

5.16.1    NANOCELLULOSE-PLA NANOCOMPOSITES       81

5.16.2    DEVELOPMENT OF STEREO-COMPLEX PLA FOR HEAT-RESISTANT APPLICATIONS       81

5.16.3    GRAPHENE-REINFORCED PLA FOR HIGH-STRENGTH AND CONDUCTIVE APPLICATIONS        81

6           POLYLACTIC ACID MARKET, BY GRADE            82

6.1        INTRODUCTION            83

6.2        THERMOFORMING         85

6.2.1      PROCESSING CHARACTERISTICS COMPARABLE TO CONVENTIONAL PLASTICS TO BOOST MARKET            85

6.3        INJECTION MOLDING     85

6.3.1      EXCELLENT MELT FLOW AND SUITABILITY FOR COMPLEX AND DETAILED MOLD DESIGNS TO PROPEL MARKET            85

6.4        EXTRUSION       86

6.4.1      GOOD PROCESSIBILITY, MECHANICAL STRENGTH, THERMAL STABILITY, AND LOW ENVIRONMENTAL IMPACT TO DRIVE MARKET 86

6.5        BLOW MOLDING            86

6.5.1      DEMAND FOR HIGH PRODUCTION VOLUMES AND LOW UNIT COST TO BOOST GROWTH           86

6.6        OTHER GRADES            87

7           POLYLACTIC ACID MARKET, BY RAW MATERIAL            88

7.1        INTRODUCTION            89

7.2        SUGARCANE     91

7.2.1      HIGH SUCROSE CONTENT, AVAILABILITY, AND SUSTAINABILITY TO BOOST MARKET   91

7.3        CORN STARCH  91

7.3.1      WIDE AVAILABILITY AS MOST CULTIVATED CROP GLOBALLY TO FUEL GROWTH   91

7.4        CASSAVA          92

7.4.1      RESILIENCE AND LESS REQUIREMENT OF WATER AND AGRICULTURAL INPUTS TO PROPEL GROWTH  92

7.5        SUGAR BEET     92

7.5.1      CARBON SEQUESTRATION, REDUCED WATER USAGE, , AND POTENTIAL FOR CROP ROTATION, ENHANCING SOIL FERTILITY TO DRIVE MARKET  92

7.6        OTHER RAW MATERIALS           92

8           POLYLACTIC ACID MARKET, BY APPLICATION  93

8.1        INTRODUCTION            94

8.2        RIGID THERMOFORMS   96

8.2.1      HIGH-VOLUME PRODUCTION OF PLASTIC PARTS TO DRIVE GROWTH            96

8.3        FILMS & SHEETS           97

8.3.1      DEMAND FOR PRODUCTION OF SPECIAL LINERS, WASTE MANAGEMENT SHEETS, AGRICULTURAL APPLICATIONS, AND RETAIL AND CONVENIENCE BAGS TO BOOST GROWTH           97

8.4        BOTTLES          98

8.4.1      FEWER FOSSIL FUEL RESOURCES AND PLANT-BASED CHEMICAL SYNTHESIS PROCESS TO DRIVE MARKET    98

8.5        OTHER APPLICATIONS  99

9           POLYLACTIC ACID MARKET, BY END-USE INDUSTRY            100

9.1        INTRODUCTION            101

9.2        PACKAGING      103

9.2.1      HIGH DURABILITY AND IMPERMEABILITY OF WATER TO BOOST GROWTH      103

9.2.2      FOOD PACKAGING         104

9.2.3      NON-FOOD PACKAGING            104

9.3        CONSUMER GOODS       105

9.3.1      VERSATILITY AND COST-EFFECTIVENESS TO SUPPORT MARKET GROWTH     105

9.3.2      ELECTRICAL APPLIANCES         105

9.3.3      DOMESTIC APPLIANCES            105

9.4        AGRICULTURAL            106

9.4.1      REGENERATIVE AGRICULTURAL PRACTICES AND REDUCED SOIL POLLUTION TO PROPEL MARKET          106

9.4.2      PLANTER BOXES           106

9.4.3      TAPES & MULCH FILMS            106

9.4.4      NETTING          107

9.5        TEXTILE           107

9.5.1      GROWING DEMAND FOR APPAREL, HOME TEXTILES, AND NONWOVEN FABRICS TO BOOST MARKET             107

9.5.2      DIAPERS AND WIPES     107

9.5.3      FEMALE HYGIENE         108

9.5.4      PERSONAL CARE, CLOTHES, DISPOSABLE GARMENTS, MEDICAL & HEALTHCARE, AND OTHER TEXTILES        108

9.6        BIO-MEDICAL   109

9.6.1      BIODEGRADABILITY, BIOCOMPATIBILITY, AND SAFE ABSORPTION BY HUMAN BODY TO DRIVE GROWTH      109

9.6.2      MEDICAL PLATES AND SCREWS            109

9.6.3      IMPLANTS         110

9.7        OTHER END-USE INDUSTRIES  110

10         POLYLACTIC ACID MARKET, BY REGION           111

10.1      INTRODUCTION            112

10.2      ASIA PACIFIC    114

10.2.1    CHINA   123

10.2.1.1 Rising industrial investments and strong government mandates to boost market           123

10.2.2    INDIA    125

10.2.2.1 Stricter plastic waste laws, domestic push for bioplastics, and NGO engagement to boost market      125

10.2.3    JAPAN   127

10.2.3.1 Research on development of better polylactic acid grades to drive market   127

10.2.4    SOUTH KOREA  129

10.2.4.1 Government policies to support market growth     129

10.2.5    REST OF ASIA PACIFIC  131

10.3      EUROPE            133

10.3.1    GERMANY         141

10.3.1.1 Ban on conventional plastics to drive market         141

10.3.2    UK        143

10.3.2.1 Stringent regulations on single-use plastics and rising domestic production capacity to drive market growth        143

10.3.3    FRANCE            145

10.3.3.1 Government initiatives to promote use of bioplastics to drive demand     145

10.3.4    ITALY   147

10.3.4.1 Demand from food packaging industry to drive demand            147

10.3.5    SPAIN   149

10.3.5.1 Rising public awareness and regulatory measures to boost market   149

10.3.6    REST OF EUROPE          151

10.4      NORTH AMERICA          153

10.4.1    US        160

10.4.1.1 Shift toward sustainable packaging to drive market growth            160

10.4.2    CANADA           162

10.4.2.1 Stringent environmental regulations and circular economy initiatives to propel growth          162

10.4.3    MEXICO             164

10.4.3.1 Strategic manufacturing and export hub to support market growth   164

10.5      SOUTH AMERICA          166

10.5.1    BRAZIL  173

10.5.1.1 Abundance of raw materials to fuel market           173

10.5.2    REST OF SOUTH AMERICA        174

10.6      MIDDLE EAST & AFRICA           176

10.6.1    SAUDI ARABIA  183

10.6.1.1 Stringent anti-plastic regulations and circular economy efforts to fuel market      183

10.6.2    UAE      185

10.6.2.1 Focus on medical innovation, circular economy, and healthcare expansion to boost market      185

10.6.3    REST OF MIDDLE EAST & AFRICA         187

11         COMPETITIVE LANDSCAPE       189

11.1      OVERVIEW        189

11.2      KEY PLAYER STRATEGIES         189

11.3      MARKET SHARE ANALYSIS       191

11.4      REVENUE ANALYSIS     194

11.5      COMPANY VALUATION AND FINANCIAL METRICS            195

11.6      PRODUCT/BRAND COMPARISON            197

11.7      COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024            199

11.7.1    STARS  199

11.7.2    EMERGING LEADERS     199

11.7.3    PERVASIVE PLAYERS    199

11.7.4    PARTICIPANTS  199

11.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2024      201

11.7.5.1 Company footprint          201

11.7.5.2 Region footprint  201

11.7.5.3 End-use industry footprint          202

11.8      COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024      202

11.8.1    PROGRESSIVE COMPANIES        202

11.8.2    RESPONSIVE COMPANIES          202

11.8.3    DYNAMIC COMPANIES   203

11.8.4    STARTING BLOCKS       203

11.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024      205

11.8.5.1 Detailed list of key startups/SMEs            205

11.8.5.2 Competitive benchmarking of key startups/SMEs  206

11.9      COMPETITIVE SCENARIO          207

11.9.1    PRODUCT LAUNCHES    207

11.9.2    DEALS   209

11.9.3    EXPANSIONS     211

12         COMPANY PROFILES     214

12.1      KEY PLAYERS   214

12.1.1    NATUREWORKS LLC     214

12.1.1.1 Business overview          214

12.1.1.2 Products/Solutions/Services offered         214

12.1.1.3 Recent developments      215

12.1.1.3.1           Product launches            215

12.1.1.3.2           Deals     216

12.1.1.3.3           Expansions        216

12.1.1.4 MnM view          217

12.1.1.4.1           Right to win       217

12.1.1.4.2           Strategic choices            217

12.1.1.4.3           Weaknesses and competitive threats        217

12.1.2    TOTALENERGIES CORBION       218

12.1.2.1 Business overview          218

12.1.2.2 Products/Solutions/Services offered         218

12.1.2.3 Recent developments      219

12.1.2.3.1           Product launches            219

12.1.2.3.2           Deals     220

12.1.2.3.3           Expansions        221

12.1.2.4 MnM view          221

12.1.2.4.1           Right to win       221

12.1.2.4.2           Strategic choices            222

12.1.2.4.3           Weaknesses and competitive threats        222

12.1.3    BASF SE           223

12.1.3.1 Business overview          223

12.1.3.2 Products/Solutions/Services offered         224

12.1.3.3 Recent developments      225

12.1.3.3.1           Deals     225

12.1.3.3.2           Expansions        225

12.1.3.4 MnM view          225

12.1.3.4.1           Right to win       225

12.1.3.4.2           Strategic choices            226

12.1.3.4.3           Weaknesses and competitive threats        226

12.1.4    COFCO  227

12.1.4.1 Business overview          227

12.1.4.2 Products/Solutions/Services offered         227

12.1.4.3 MnM view          228

12.1.4.3.1           Right to win       228

12.1.4.3.2           Strategic choices            228

12.1.4.3.3           Weaknesses and competitive threats        228

12.1.5    FUTERRO          229

12.1.5.1 Business overview          229

12.1.5.2 Products/Solutions/Services offered         229

12.1.5.3 Recent developments      230

12.1.5.3.1           Expansions        230

12.1.5.4 MnM view          231

12.1.5.4.1           Right to win       231

12.1.5.4.2           Strategic choices            231

12.1.5.4.3           Weaknesses and competitive threats        232

12.1.6    DANIMER SCIENTIFIC    233

12.1.6.1 Business overview          233

12.1.6.2 Products/Solutions/Services offered         234

12.1.6.3 Recent developments      235

12.1.6.3.1           Deals     235

12.1.6.3.2           Expansions        235

12.1.6.4 MnM view          235

12.1.7    TORAY INDUSTRIES, INC.          236

12.1.7.1 Business overview          236

12.1.7.2 Products/Solutions/Services offered         237

12.1.7.3 Recent developments      238

12.1.7.3.1           Product launches            238

12.1.7.4 MnM view          238

12.1.8    EVONIK INDUSTRIES     239

12.1.8.1 Business overview          239

12.1.8.2 Products/Solutions/Services offered         240

12.1.8.3 Recent developments      241

12.1.8.3.1           Product launches            241

12.1.8.3.2           Deals     241

12.1.8.4 MnM view          242

12.1.9    MITSUBISHI CHEMICAL GROUP CORPORATION  243

12.1.9.1 Business overview          243

12.1.9.2 Products/Solutions/Services offered         244

12.1.9.3 MnM view          244

12.1.10  UNITIKA LTD.   245

12.1.10.1           Business overview          245

12.1.10.2           Products/Solutions/Services offered         246

12.1.10.3           MnM view          246

12.2      OTHER PLAYERS           247

12.2.1    BIOWORKS CORPORATION         247

12.2.2    ADBIOPLASTICS            247

12.2.3    MUSASHINO CHEMICAL LABORATORY, LTD.     248

12.2.4    HANGZHOU PEIJIN CHEMICAL CO.,LTD.             249

12.2.5    AKRO-PLASTIC GMBH   250

12.2.6    FUJIAN GREENJOY BIOMATERIAL CO., LTD.      251

12.2.7    PLAMFG            252

12.2.8    FKUR    253

12.2.9    OTTO CHEMIE PVT. LTD.          254

12.2.10  RAGHAV POLYMERS      255

12.2.11  VAISHNAVI BIO TECH   256

12.2.12  HENAN SINOWIN CHEMICAL INDUSTRY CO., LTD.            257

12.2.13  EMNANDI BIOPLASTICS            258

12.2.14  UNILONG INDUSTRY CO., LTD.  259

12.2.15  PRAJ INDUSTRIES         260

13         APPENDIX         261

13.1      DISCUSSION GUIDE       261

13.2      KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL            264

13.3      CUSTOMIZATION OPTIONS        266

13.4      RELATED REPORTS       266

13.5      AUTHOR DETAILS         267

LIST OF TABLES

TABLE 1           POLYLACTIC ACID MARKET: INCLUSIONS AND EXCLUSIONS     29

TABLE 2           ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS       50

TABLE 3           PORTER’S FIVE FORCES ANALYSIS        56

TABLE 4           TOTAL NUMBER OF PATENTS  61

TABLE 5           TOP TEN PATENT OWNERS      64

TABLE 6           ECOSYSTEM      70

TABLE 7           REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          75

TABLE 8           IMPORT DATA FOR HS CODE 390770-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024           77

TABLE 9           EXPORT DATA FOR HS CODE 390770-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024           77

TABLE 10          DETAILED LIST OF CONFERENCES AND EVENTS, 2025–2026      79

TABLE 11          POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (USD MILLION)      83

TABLE 12          POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (USD MILLION)      84

TABLE 13          POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (KILOTON)            84

TABLE 14          POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (KILOTON)            84

TABLE 15          POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2022–2024 (USD MILLION)   89

TABLE 16          POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2025–2030 (USD MILLION)   90

TABLE 17          POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2022–2024 (KILOTON)         90

TABLE 18          POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2025–2030 (KILOTON)         90

TABLE 19          POLYLACTIC ACID MARKET, BY APPLICATION, 2022–2024 (USD MILLION)         94

TABLE 20          POLYLACTIC ACID MARKET, BY APPLICATION, 2025–2030 (USD MILLION)         95

TABLE 21          POLYLACTIC ACID MARKET, BY APPLICATION, 2022–2024 (KILOTON)    95

TABLE 22          POLYLACTIC ACID MARKET, BY APPLICATION, 2025–2030 (KILOTON)    95

TABLE 23          POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)   102

TABLE 24          POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)   102

TABLE 25          POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)          102

TABLE 26          POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)          103

TABLE 27          POLYLACTIC ACID MARKET, BY REGION, 2022–2024 (USD MILLION)      113

TABLE 28          POLYLACTIC ACID MARKET, BY REGION, 2025–2030 (USD MILLION)      113

TABLE 29          POLYLACTIC ACID MARKET, BY REGION, 2022–2024 (KILOTON)            113

TABLE 30          POLYLACTIC ACID MARKET, BY REGION, 2025–2030 (KILOTON)            114

TABLE 31          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY,

2022–2024 (USD MILLION)         116

TABLE 32          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY,

2025–2030 (USD MILLION)         116

TABLE 33          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2022–2024 (KILOTON)          116

TABLE 34          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2025–2030 (KILOTON)          117

TABLE 35          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION,

2022–2024 (USD MILLION)         117

TABLE 36          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION,

2025–2030 (USD MILLION)         117

TABLE 37          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2022–2024 (KILOTON)    118

TABLE 38          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2025–2030 (KILOTON)    118

TABLE 39          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (USD MILLION)         118

TABLE 40          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (USD MILLION)         119

TABLE 41          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (KILOTON)   119

TABLE 42          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (KILOTON)   119

TABLE 43          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2022–2024 (USD MILLION)         120

TABLE 44          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2025–2030 (USD MILLION)         120

TABLE 45          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2022–2024 (KILOTON)    120

TABLE 46          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2025–2030 (KILOTON)    121

TABLE 47          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         121

TABLE 48          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         121

TABLE 49          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    122

TABLE 50          ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    122

TABLE 51          CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         123

TABLE 52          CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         124

TABLE 53          CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    124

TABLE 54          CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    124

TABLE 55          INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         125

TABLE 56          INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         126

TABLE 57          INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)  126

TABLE 58          INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)  126

TABLE 59          JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         127

TABLE 60          JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         128

TABLE 61          JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    128

TABLE 62          JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    128

TABLE 63          SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         129

TABLE 64          SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         130

TABLE 65          SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    130

TABLE 66          SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    130

TABLE 67          REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         131

TABLE 68          REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         131

TABLE 69          REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    132

TABLE 70          REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    132

TABLE 71          EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2022–2024 (USD MILLION)    134

TABLE 72          EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2025–2030 (USD MILLION)    135

TABLE 73          EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2022–2024 (KILOTON)          135

TABLE 74          EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2025–2030 (KILOTON)          135

TABLE 75          EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2022–2024 (USD MILLION)          136

TABLE 76          EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2025–2030 (USD MILLION)          136

TABLE 77          EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2022–2024 (KILOTON)    136

TABLE 78          EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2025–2030 (KILOTON)    137

TABLE 79          EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (USD MILLION)         137

TABLE 80          EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (USD MILLION)         137

TABLE 81          EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (KILOTON)   138

TABLE 82          EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (KILOTON)   138

TABLE 83          EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2022–2024 (USD MILLION)         138

TABLE 84          EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2025–2030 (USD MILLION)         139

TABLE 85          EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2022–2024 (KILOTON)         139

TABLE 86          EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2025–2030 (KILOTON)         139

TABLE 87          EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         140

TABLE 88          EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         140

TABLE 89          EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    140

TABLE 90          EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    141

TABLE 91          GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         142

TABLE 92          GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         142

TABLE 93          GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    142

TABLE 94          GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    143

TABLE 95          UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         144

TABLE 96          UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         144

TABLE 97          UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)          144

TABLE 98          UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)          145

TABLE 99          FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         146

TABLE 100        FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         146

TABLE 101        FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    146

TABLE 102        FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    147

TABLE 103        ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         148

TABLE 104        ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         148

TABLE 105        ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)  148

TABLE 106        ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)  149

TABLE 107        SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         150

TABLE 108        SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         150

TABLE 109        SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)  150

TABLE 110        SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)  151

TABLE 111        REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         152

TABLE 112        REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         152

TABLE 113        REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    152

TABLE 114        REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    153

TABLE 115        NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2022–2024 (USD MILLION)         153

TABLE 116        NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2025–2030 (USD MILLION)         154

TABLE 117        NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2022–2024 (KILOTON)    154

TABLE 118        NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2025–2030 (KILOTON)    154

TABLE 119        NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2022–2024 (USD MILLION)         155

TABLE 120        NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2025–2030 (USD MILLION)         155

TABLE 121        NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2022–2024 (KILOTON)    155

TABLE 122        NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2025–2030 (KILOTON)    156

TABLE 123        NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE,

2022–2024 (USD MILLION)         156

TABLE 124        NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE,

2025–2030 (USD MILLION)         156

TABLE 125        NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (KILOTON)          157

TABLE 126        NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (KILOTON)          157

TABLE 127        NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2022–2024 (USD MILLION)  157

TABLE 128        NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2025–2030 (USD MILLION)  158

TABLE 129        NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2022–2024 (KILOTON)        158

TABLE 130        NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2025–2030 (KILOTON)        158

TABLE 131        NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)       159

TABLE 132        NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)       159

TABLE 133        NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 159

TABLE 134        NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 160

TABLE 135        US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)   161

TABLE 136        US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)   161

TABLE 137        US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)          161

TABLE 138        US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)          162

TABLE 139        CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)        163

TABLE 140        CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)        163

TABLE 141        CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)  163

TABLE 142        CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)  164

TABLE 143        MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)        165

TABLE 144        MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)        165

TABLE 145        MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)  165

TABLE 146        MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)  166

TABLE 147        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2022–2024 (USD MILLION)           166

TABLE 148        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2025–2030 (USD MILLION)           167

TABLE 149        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2022–2024 (KILOTON)     167

TABLE 150        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2025–2030 (KILOTON)     167

TABLE 151        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2022–2024 (USD MILLION)     167

TABLE 152        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2025–2030 (USD MILLION)     168

TABLE 153        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2022–2024 (KILOTON)    168

TABLE 154        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2025–2030 (KILOTON)    168

TABLE 155        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE,

2022–2024 (USD MILLION)         169

TABLE 156        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE,

2025–2030 (USD MILLION)         169

TABLE 157        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2022–2024 (KILOTON)          169

TABLE 158        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2025–2030 (KILOTON)          170

TABLE 159        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2022–2024 (USD MILLION)         170

TABLE 160        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2025–2030 (USD MILLION)         170

TABLE 161        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2022–2024 (KILOTON)    171

TABLE 162        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2025–2030 (KILOTON)    171

TABLE 163        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         171

TABLE 164        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         172

TABLE 165        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    172

TABLE 166        SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    172

TABLE 167        BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         173

TABLE 168        BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         173

TABLE 169        BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    174

TABLE 170        BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    174

TABLE 171        REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            175

TABLE 172        REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            175

TABLE 173        REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)            175

TABLE 174        REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)            176

TABLE 175        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2022–2024 (USD MILLION)         176

TABLE 176        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2025–2030 (USD MILLION)         177

TABLE 177        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2022–2024 (KILOTON)    177

TABLE 178        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY,

2025–2030 (KILOTON)    177

TABLE 179        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2022–2024 (USD MILLION)         178

TABLE 180        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2025–2030 (USD MILLION)         178

TABLE 181        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2022–2024 (KILOTON)    178

TABLE 182        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION,

2025–2030 (KILOTON)    179

TABLE 183        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE,

2022–2024 (USD MILLION)         179

TABLE 184        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE,

2025–2030 (USD MILLION)         179

TABLE 185        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE,

2022–2024 (KILOTON)    180

TABLE 186        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE,

2025–2030 (KILOTON)    180

TABLE 187        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2022–2024 (USD MILLION)         180

TABLE 188        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2025–2030 (USD MILLION)         181

TABLE 189        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2022–2024 (KILOTON)    181

TABLE 190        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL,

2025–2030 (KILOTON)    181

TABLE 191        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            182

TABLE 192        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            182

TABLE 193        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)            182

TABLE 194        MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)            183

TABLE 195        SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         184

TABLE 196        SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)        184

TABLE 197        SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)    184

TABLE 198        SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)    185

TABLE 199        UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)         186

TABLE 200        UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)         186

TABLE 201        UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)          186

TABLE 202        UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)          187

TABLE 203        REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)           187

TABLE 204        REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)           188

TABLE 205        REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET,

BY END-USE INDUSTRY, 2022–2024 (KILOTON) 188

TABLE 206        REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET,

BY END-USE INDUSTRY, 2025–2030 (KILOTON) 188

TABLE 207        POLYLACTIC ACID MARKET: OVERVIEW OF MAJOR STRATEGIES ADOPTED

BY KEY PLAYERS, JANUARY 2020–JUNE 2025    189

TABLE 208        POLYLACTIC ACID MARKET: DEGREE OF COMPETITION, 2024      192

TABLE 209        POLYLACTIC ACID MARKET: REGION FOOTPRINT       201

TABLE 210        POLYLACTIC ACID MARKET: END-USE INDUSTRY FOOTPRINT  202

TABLE 211        POLYLACTIC ACID MARKET: DETAILED LIST OF KEY STARTUPS/SMES   205

TABLE 212        POLYLACTIC ACID MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES   206

TABLE 213        POLYLACTIC ACID MARKET: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2025 207

TABLE 214        POLYLACTIC ACID MARKET: DEALS, JANUARY 2020–JUNE 2025            209

TABLE 215        POLYLACTIC ACID MARKET: EXPANSIONS, JANUARY 2020–JUNE 2025         211

TABLE 216        NATUREWORKS LLC : COMPANY OVERVIEW            214

TABLE 217        NATUREWORKS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED     214

TABLE 218        NATUREWORKS LLC: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2025         215

TABLE 219        NATUREWORKS LLC: DEALS, JANUARY 2020–JUNE 2025         216

TABLE 220        NATUREWORKS LLC: EXPANSIONS, JANUARY 2020–JUNE 2025            216

TABLE 221        TOTALENERGIES CORBION: COMPANY OVERVIEW        218

TABLE 222        TOTALENERGIES CORBION: PRODUCTS/SOLUTIONS/SERVICES OFFERED     218

TABLE 223        TOTALENERGIES CORBION: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2025  219

TABLE 224        TOTALENERGIES CORBION: DEALS, JANUARY 2020–JUNE 2025            220

TABLE 225        TOTALENERGIES CORBION: EXPANSIONS, JANUARY 2020–JUNE 2025         221

TABLE 226        BASF SE: COMPANY OVERVIEW             223

TABLE 227        BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          224

TABLE 228        BASF SE: DEALS, JANUARY 2020–JUNE 2025            225

TABLE 229        BASF SE: EXPANSIONS, JANUARY 2020–JUNE 2025      225

TABLE 230        COFCO: COMPANY OVERVIEW   227

TABLE 231        COFCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED          227

TABLE 232        FUTERRO: COMPANY OVERVIEW           229

TABLE 233        FUTERRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED          229

TABLE 234        FUTERRO: EXPANSIONS, JANUARY 2020–JUNE 2025      230

TABLE 235        DANIMER SCIENTIFIC: COMPANY OVERVIEW            233

TABLE 236        DANIMER SCIENTIFIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED     234

TABLE 237        DANIMER SCIENTIFIC: DEALS, JANUARY 2020–JUNE 2025         235

TABLE 238        DANIMER SCIENTIFIC: EXPANSIONS, JANUARY 2020–JUNE 2025            235

TABLE 239        TORAY INDUSTRIES, INC.: COMPANY OVERVIEW        236

TABLE 240        TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED     237

TABLE 241        DANIMER SCIENTIFIC: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2025         238

TABLE 242        EVONIK INDUSTRIES: COMPANY OVERVIEW            239

TABLE 243        EVONIK INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED     240

TABLE 244        EVONIK INDUSTRIES: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2025         241

TABLE 245        EVONIK INDUSTRIES: DEALS, JANUARY 2020–JUNE 2025         241

TABLE 246        MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW    243

TABLE 247        MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED     244

TABLE 248        UNITIKA LTD.: COMPANY OVERVIEW    245

TABLE 249        UNITIKA LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED     246

TABLE 250        BIOWORKS CORPORATION: COMPANY OVERVIEW        247

TABLE 251        ADBIOPLASTICS: COMPANY OVERVIEW            247

TABLE 252        MUSASHINO CHEMICAL LABORATORY, LTD. : COMPANY OVERVIEW    248

TABLE 253        HANGZHOU PEIJIN CHEMICAL CO.,LTD.: COMPANY OVERVIEW    249

TABLE 254        AKRO-PLASTIC GMBH: COMPANY OVERVIEW            250

TABLE 255        FUJIAN GREENJOY BIOMATERIAL CO., LTD.: COMPANY OVERVIEW    251

TABLE 256        PLAMFG: COMPANY OVERVIEW             252

TABLE 257        FKUR: COMPANY OVERVIEW     253

TABLE 258        OTTO CHEMIE PVT. LTD.: COMPANY OVERVIEW            254

TABLE 259        RAGHAV POLYMERS: COMPANY OVERVIEW            255

TABLE 260        VAISHNAVI BIO TECH: COMPANY OVERVIEW            256

TABLE 261        HENAN SINOWIN CHEMICAL INDUSTRY CO.,LTD.: COMPANY OVERVIEW            257

TABLE 262        EMNANDI BIOPLASTICS: COMPANY OVERVIEW            258

TABLE 263        UNILONG INDUSTRY CO., LTD.: COMPANY OVERVIEW        259

TABLE 264        PRAJ INDUSTRIES: COMPANY OVERVIEW            260

LIST OF FIGURES

FIGURE 1          POLYLACTIC ACID MARKET: SEGMENTATION AND REGIONAL SCOPE  28

FIGURE 2          POLYLACTIC ACID MARKET: RESEARCH DESIGN 31

FIGURE 3          POLYLACTIC ACID MARKET: BOTTOM-UP APPROACH        35

FIGURE 4          POLYLACTIC ACID MARKET: TOP-DOWN APPROACH        36

FIGURE 5          POLYLACTIC ACID MARKET: DATA TRIANGULATION          37

FIGURE 6          THERMOFORMING GRADE TO LEAD POLYLACTIC ACID MARKET

DURING FORECAST PERIOD       41

FIGURE 7          SUGARCANE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       41

FIGURE 8          RIGID THERMOFORMS APPLICATION TO LEAD MARKET DURING FORECAST PERIOD    42

FIGURE 9          PACKAGING INDUSTRY TO DOMINATE OVERALL POLYLACTIC ACID MARKET BETWEEN 2025 AND 2030      43

FIGURE 10         EUROPE LED POLYLACTIC ACID MARKET IN 2024      44

FIGURE 11         ASIA PACIFIC OFFERS ATTRACTIVE OPPORTUNITIES IN POLYLACTIC ACID MARKET DURING FORECAST PERIOD        45

FIGURE 12         THERMOFORMING GRADE SEGMENT TO LEAD MARKET

DURING FORECAST PERIOD       45

FIGURE 13         SUGARCANE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       46

FIGURE 14         RIGID THERMOFORMS APPLICATION TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD   46

FIGURE 15         PACKAGING SEGMENT TO LEAD MARKET BY 2030      47

FIGURE 16         MARKET IN JAPAN TO REGISTER HIGHEST CAGR FROM 2025 TO 2030         47

FIGURE 17         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN

POLYLACTIC ACID MARKET      49

FIGURE 18         PORTER’S FIVE FORCES ANALYSIS        56

FIGURE 19         OVERVIEW OF POLYLACTIC ACID MARKET VALUE CHAIN   59

FIGURE 20         TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS  62

FIGURE 21         PATENT ANALYSIS, BY LEGAL STATUS            62

FIGURE 22         TOP JURISDICTIONS FOR POLYLACTIC ACID PATENTS          63

FIGURE 23         TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS           63

FIGURE 24         AVERAGE SELLING PRICE, BY REGION, 2022–2030 (USD/KG)  65

FIGURE 25         AVERAGE SELLING PRICE, BY GRADE, 2022–2030 (USD/KG)  65

FIGURE 26         AVERAGE SELLING PRICE, BY END-USE INDUSTRY, 2024 (USD/KG)        66

FIGURE 27         AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS, 2024 (USD/KG)        66

FIGURE 28         ECOSYSTEM MAPPING  70

FIGURE 29         TRENDS IN POLYLACTIC ACID MARKET            78

FIGURE 30         THERMOFORMING GRADE TO BE LARGEST SEGMENT OF

POLYLACTIC ACID MARKET      83

FIGURE 31         SUGARCANE TO BE LEADING RAW MATERIAL SEGMENT OF POLYLACTIC ACID MARKET DURING FORECAST PERIOD 89

FIGURE 32         RIGID THERMOFORMS TO BE LARGEST SEGMENT OF POLYLACTIC ACID MARKET        94

FIGURE 33         PACKAGING END-USE INDUSTRY TO LEAD OVERALL POLYLACTIC ACID MARKET  101

FIGURE 34         ASIA PACIFIC: POLYLACTIC ACID MARKET SNAPSHOT        115

FIGURE 35         EUROPE: POLYLACTIC ACID MARKET SNAPSHOT        134

FIGURE 36         POLYLACTIC ACID MARKET SHARE ANALYSIS, 2024      191

FIGURE 37         POLYLACTIC ACID MARKET: REVENUE ANALYSIS OF KEY COMPANIES IN LAST FOUR YEARS, 2020–2023 (USD BILLION)      195

FIGURE 38         POLYLACTIC ACID MARKET: COMPANY VALUATION, 2024 (USD BILLION)          196

FIGURE 39         POLYLACTIC ACID MARKET: FINANCIAL MATRIX: EV/EBITDA RATIO, 2024          196

FIGURE 40         POLYLACTIC ACID MARKET: YEAR-TO-DATE PRICE AND

FIVE-YEAR STOCK BETA, 2024 197

FIGURE 41         POLYLACTIC ACID MARKET: PRODUCT/BRAND COMPARISON    198

FIGURE 42         POLYLACTIC ACID MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2024       200

FIGURE 43         POLYLACTIC ACID MARKET: COMPANY FOOTPRINT       201

FIGURE 44         POLYLACTIC ACID MARKET:

COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2024            204

FIGURE 45         BASF SE: COMPANY SNAPSHOT            224

FIGURE 46         DANIMER SCIENTIFIC: COMPANY SNAPSHOT            234

FIGURE 47         TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT        237

FIGURE 48         EVONIK INDUSTRIES: COMPANY SNAPSHOT            240

FIGURE 49         MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT   243

FIGURE 50         UNITIKA LTD.: COMPANY SNAPSHOT    245