出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
ポリ乳酸（PLA）市場：グレード (熱成形、押出、射出成形、ブロー成形)、用途 (硬質熱成形)、最終用途産業 (包装、消費財、農業、繊維、生物医学)、 地域別 – 2028年までの世界予測
Poly Lactic Acid (PLA) Market by Grade (Thermoforming, Extrusion, Injection Molding, Blow Molding), Application (Rigid Thermoform), End-use Industry (Packaging, Consumer Goods, Agricultural, Textile, Biomedical) & Region – Global Forecast to 2028
| ページ数 | 244 |
| 図表数 | 283 |
| 種別 | 英文調査報告書 |
| 価格 |
The global PLA market is projected to reach USD 3.3 billion by 2028, at a CAGR of 17.1% from USD 1.5 billion in 2023. Rising demand of PLA in packaging industry, government regulations in Europe, increased focus of government on green procurement policies, and shift in consumer preference toward eco-friendly and biodegradable plastic products and growing consumer awareness are expected to offer significant growth opportunities to manufacturers of PLA.
“The consumer goods end use industry accounted for the second largest share in the end-use industry segment of PLA market in terms of value.”
The consumer goods end-use industry holds the second largest share in the PLA market. PLA is a bio-based and biodegradable polymer, making it an environmentally friendly alternative to traditional plastics. Consumer goods companies increasingly prioritize sustainability and are actively seeking eco-friendly materials for their products. Moreover, PLA possesses excellent processability, enabling its use in a wide range of consumer goods such as packaging, disposable cutlery, textiles, and personal care items. Its versatility, combined with its eco-friendly nature, makes PLA a preferred choice for manufacturers and consumers alike, thus driving its significant presence in the consumer goods segment of the PLA market.
“Thermoforming grade accounted for the largest share in the grade segment of PLA market, in terms of value.”
The demand for thermoforming grade PLA is high in the PLA market due to its characteristics that make it highly suitable for thermoforming processes. Thermoforming involves heating a plastic sheet and shaping it to desired forms. Thermoforming grade PLA excels in heat resistance, dimensional stability, and clarity, making it an excellent choice for packaging, disposable food containers, and consumer products. Its transparent nature allows for attractive product displays, while its ability to retain shape and withstand high temperatures ensures durability. Additionally, the biodegradable and renewable nature of PLA aligns with consumers’ preference for eco-friendly packaging solutions, further fueling the demand for thermoforming grade PLA.
“Europe is the largest market for PLA”
The stringent government regulations and bans on single-use plastics have made Europe the leading market for PLA. The region’s emphasis on sustainable practices has prompted significant investments in innovative packaging solutions to cater to consumer preferences. Notably, countries like Germany and the UK, with well-established food and beverage industries, especially in packaged food, are further driving the demand for PLA due to their environmentally conscious rules and regulations. This trend is projected to fuel the growth of the PLA market in the foreseeable future.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the PLA market, and information was gathered from secondary research to determine and verify the market size of several segments.
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level Executives– 35%, Directors – 25%, and Others – 40%
• By Region: APAC – 40%, Europe – 30%, North America – 20%, the Middle East & Africa –5%, and South America- 5%
The PLA market comprises major players such as 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), and others. The study includes 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 report segments the market for PLA market on the basis of grade, application, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for PLA market.
Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the PLA market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on PLA market offered by top players in the global HTF market.
• Analysis of drivers: (Changing consumer preference toward eco-friendly plastic product, increasing use in packaging and compostable bag applications), restraints (Higher prices of PLA than Conventional Plastic), opportunities (Development of new applications, high potential in emerging countries of APAC) and challenges (Performance issue, expensive and complex production process) influencing the growth of thermal management solutions market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the PLA market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for PLA market across regions.
• Market Capacity: Production capacities of companies producing PLA are provided wherever available with upcoming capacities for the PLA market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the PLA market
目次
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 INCLUSIONS & EXCLUSIONS 26
TABLE 1 POLYLACTIC ACID MARKET: INCLUSIONS & EXCLUSIONS 26
1.4 STUDY SCOPE 26
1.4.1 MARKETS COVERED 26
FIGURE 1 POLYLACTIC ACID MARKET SEGMENTATION 26
1.4.2 REGIONS COVERED 27
1.4.3 YEARS CONSIDERED 27
1.5 CURRENCY CONSIDERED 27
1.6 UNITS CONSIDERED 28
1.7 LIMITATIONS 28
1.8 STAKEHOLDERS 28
1.9 SUMMARY OF CHANGES 29
1.10 RECESSION IMPACT ON POLYLACTIC ACID MARKET 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 POLYLACTIC ACID MARKET: RESEARCH DESIGN 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 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Key data from primary sources 34
2.1.3 PRIMARIES 34
2.1.3.1 Primary interviews – Demand and supply sides 34
2.1.3.2 Key industry insights 35
2.1.3.3 Breakdown of primary interviews 35
2.2 MARKET SIZE ESTIMATION 36
FIGURE 3 MARKET SIZE ESTIMATION: APPROACH 1 36
FIGURE 4 MARKET SIZE ESTIMATION: APPROACH 2 36
2.2.1 TOP-DOWN APPROACH 37
2.2.1.1 Approach for arriving at market size using top-down analysis 37
FIGURE 5 TOP-DOWN APPROACH 37
2.2.2 BOTTOM-UP APPROACH 38
2.2.2.1 Approach for arriving at market size using bottom-up analysis 38
FIGURE 6 BOTTOM-UP APPROACH 39
2.3 FORECAST NUMBER CALCULATION 39
FIGURE 7 DEMAND-SIDE FORECAST PROJECTIONS 39
2.4 DATA TRIANGULATION 40
FIGURE 8 POLYLACTIC ACID MARKET: DATA TRIANGULATION 40
2.5 FACTOR ANALYSIS 41
2.6 ASSUMPTIONS 41
2.7 LIMITATIONS & RISKS ASSOCIATED WITH POLYLACTIC ACID MARKET 42
3 EXECUTIVE SUMMARY 43
FIGURE 9 THERMOFORMING GRADE TO LEAD POLYLACTIC ACID MARKET DURING FORECAST PERIOD 44
FIGURE 10 RIGID THERMOFORMS APPLICATION TO LEAD MARKET DURING FORECAST PERIOD 44
FIGURE 11 PACKAGING INDUSTRY TO DOMINATE OVERALL POLYLACTIC ACID MARKET BETWEEN 2023 AND 2028 45
FIGURE 12 EUROPE LED POLYLACTIC ACID MARKET IN 2022 45
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POLYLACTIC ACID MARKET 47
FIGURE 13 ASIA PACIFIC OFFERS ATTRACTIVE OPPORTUNITIES IN POLYLACTIC ACID MARKET DURING FORECAST PERIOD 47
4.2 POLYLACTIC ACID MARKET, BY GRADE 47
FIGURE 14 THERMOFORMING GRADE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 47
4.3 POLYLACTIC ACID MARKET, BY APPLICATION 48
FIGURE 15 RIGID THERMOFORMS APPLICATION TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 48
4.4 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY 48
FIGURE 16 PACKAGING SEGMENT TO LEAD MARKET BY 2028 48
4.5 POLYLACTIC ACID MARKET, BY COUNTRY 49
FIGURE 17 MARKET IN JAPAN TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 51
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN POLYLACTIC ACID MARKET 51
5.2.1 DRIVERS 51
5.2.1.1 Changing consumer preference toward eco-friendly plastic products 51
TABLE 2 ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS 52
5.2.1.2 Increasing use in packaging and compostable bag applications 54
5.2.1.3 Government focus on green procurement policies and regulations 54
5.2.1.4 Technological advancements to encourage production of polylactic acid 54
5.2.2 RESTRAINTS 55
5.2.2.1 Higher prices of polylactic acid than conventional plastics 55
5.2.3 OPPORTUNITIES 55
5.2.3.1 Development of new applications 55
5.2.3.2 High potential in emerging countries of Asia Pacific 55
5.2.3.3 Multifunctionalities of polylactic acid 55
5.2.4 CHALLENGES 56
5.2.4.1 Performance issues 56
5.2.4.2 Fluctuating oil prices create volatility in demand for polylactic acid 56
5.2.4.3 Expensive and complex production process 56
5.3 PORTER’S FIVE FORCES ANALYSIS 57
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS 57
TABLE 3 PORTER’S FIVE FORCES ANALYSIS 58
5.3.1 BARGAINING POWER OF SUPPLIERS 58
5.3.2 BARGAINING POWER OF BUYERS 58
5.3.3 THREAT OF SUBSTITUTES 58
5.3.4 THREAT OF NEW ENTRANTS 59
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 59
5.4 VALUE CHAIN ANALYSIS 59
FIGURE 20 OVERVIEW OF POLYLACTIC ACID MARKET VALUE CHAIN 60
5.4.1 RAW MATERIAL SUPPLIERS 61
5.4.2 MANUFACTURERS 61
5.4.3 DISTRIBUTORS 61
5.4.4 END-CONSUMERS 61
5.4.5 SUPPLIERS OF POLYLACTIC ACID MANUFACTURING EQUIPMENT 61
5.5 PATENT ANALYSIS 62
5.5.1 METHODOLOGY 62
5.5.2 PATENTS GRANTED WORLDWIDE, 2012–2022 62
TABLE 4 TOTAL NUMBER OF PATENTS 63
5.5.3 PATENT PUBLICATION TRENDS 63
FIGURE 21 TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS 63
5.5.4 INSIGHTS 63
5.5.5 LEGAL STATUS OF PATENTS 64
FIGURE 22 PATENT ANALYSIS, BY LEGAL STATUS 64
5.5.6 JURISDICTION-WISE PATENT ANALYSIS 64
FIGURE 23 TOP JURISDICTIONS FOR POLYLACTIC ACID PATENTS 64
5.5.7 TOP COMPANIES/APPLICANTS 65
FIGURE 24 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 65
5.5.8 TOP 10 PATENT OWNERS (US) DURING LAST 10 YEARS 65
TABLE 5 TOP TEN PATENT OWNERS 65
5.6 PRICE ANALYSIS 66
5.6.1 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY REGION 66
FIGURE 25 AVERAGE SELLING PRICE, BY REGION (USD/KG) 66
5.6.2 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY GRADE 66
FIGURE 26 AVERAGE SELLING PRICE, BY GRADE (USD/KG) 66
5.6.3 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY END-USE INDUSTRY 67
FIGURE 27 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (USD/KG) 67
5.6.4 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS 67
FIGURE 28 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS (USD/KG) 67
5.7 MANUFACTURING PROCESS OF POLYLACTIC ACID 68
FIGURE 29 MANUFACTURING PROCESSES OF PLA THROUGH LACTIC ACID 68
FIGURE 30 MANUFACTURING PROCESSES OF POLYLACTIC ACID THROUGH LACTIDE 69
5.7.1 RAW MATERIAL PREPARATION 69
5.7.2 LACTIDE PRODUCTION 69
5.7.3 LACTIDE PURIFICATION 70
5.7.4 LACTIDE DEPOLYMERIZATION 70
5.7.5 POLYMERIZATION CONTROL 70
5.7.6 POLYMER PURIFICATION AND PROCESSING 70
5.7.7 POST-PROCESSING AND FINISHING 70
5.7.8 PRODUCT MANUFACTURING 70
5.8 RAW MATERIAL ANALYSIS 70
5.8.1 STARCH 70
5.8.2 TAPIOCA ROOT 70
5.8.3 WOOD CHIPS 71
5.8.4 SUGARCANE 71
5.9 ECOSYSTEM/MARKET MAPPING 71
FIGURE 31 ECOSYSTEM MAPPING 71
TABLE 6 ECOSYSTEM 72
5.10 CASE STUDIES 72
5.10.1 NATUREWOKS LLC HELPS SHANGHAI TUOZHUO IN IMPROVING PERFORMANCE AND REDUCING COST AND MAINTENANCE OF WOOD MOLDS FOR METAL CASTING 72
5.10.2 NATUREWORKS LLC PROVIDES INGEO POLYLACTIC ACID FILAMENT TO EARL E. BAKKEN MEDICAL DEVICE CENTER TO STREAMLINE ITS 3D PROTOTYPING 73
5.11 REGULATORY LANDSCAPE 73
5.11.1 NORTH AMERICA 74
5.11.1.1 US 74
5.11.1.2 Canada 74
5.11.2 ASIA PACIFIC 74
5.11.3 EUROPE 75
TABLE 7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
5.12 TRADE ANALYSIS 77
5.12.1 IMPORT–EXPORT SCENARIO OF POLYLACTIC ACID MARKET 77
TABLE 8 IMPORT TRADE DATA FOR POLYLACTIC ACID 77
TABLE 9 EXPORT TRADE DATA FOR POLYLACTIC ACID 78
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 78
FIGURE 32 TRENDS IN POLYLACTIC ACID MARKET 78
5.14 KEY CONFERENCES & EVENTS, 2023–2024 79
TABLE 10 DETAILED LIST OF CONFERENCES & EVENTS 79
5.15 KEY FACTORS AFFECTING BUYING DECISIONS 80
5.15.1 PRICE 80
5.15.2 SUSTAINABILITY 80
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 81
5.16 TECHNOLOGY ANALYSIS 81
5.16.1 DEVELOPMENT OF NANOCELLULOSE AND NANOCOMPOSITES 81
6 POLYLACTIC ACID MARKET, BY RAW MATERIAL 82
6.1 INTRODUCTION 82
6.2 SUGARCANE 82
6.3 CORN 82
6.4 CASSAVA 82
6.5 SUGAR BEET 83
6.6 OTHERS 83
7 POLYLACTIC ACID MARKET, BY APPLICATION 84
7.1 INTRODUCTION 85
FIGURE 33 RIGID THERMOFORMS TO BE LARGEST SEGMENT OF POLYLACTIC ACID MARKET 85
TABLE 11 POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 85
TABLE 12 POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 86
TABLE 13 POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 86
TABLE 14 POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 86
7.2 RIGID THERMOFORMS 87
7.3 FILMS & SHEETS 88
7.4 BOTTLES 89
7.5 OTHERS 89
8 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY 91
8.1 INTRODUCTION 92
FIGURE 34 PACKAGING END-USE INDUSTRY TO LEAD OVERALL POLYLACTIC ACID MARKET 92
TABLE 15 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 93
TABLE 16 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 93
TABLE 17 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 93
TABLE 18 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 94
8.2 PACKAGING 94
8.2.1 FOOD PACKAGING 95
8.2.2 NON-FOOD PACKAGING 95
8.3 CONSUMER GOODS 96
8.3.1 ELECTRICAL APPLIANCES 96
8.3.2 DOMESTIC APPLIANCES 96
8.4 AGRICULTURE 96
8.4.1 PLANTER BOXES 97
8.4.2 TAPES & MULCH FILMS 97
8.4.3 NETTING 97
8.5 TEXTILE 97
8.5.1 DIAPERS AND WIPES 98
8.5.2 FEMALE HYGIENE 98
8.5.3 PERSONAL CARE, CLOTHES, DISPOSABLE GARMENTS, MEDICAL & HEALTHCARE, AND OTHER TEXTILES 98
8.6 BIO-MEDICAL 99
8.6.1 MEDICAL PLATES & SCREWS 99
8.6.2 IMPLANTS 100
8.7 OTHERS 100
9 POLYLACTIC ACID MARKET, BY GRADE 101
9.1 INTRODUCTION 102
FIGURE 35 THERMOFORMING GRADE TO BE LARGEST SEGMENT OF POLYLACTIC ACID MARKET 102
TABLE 19 POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 102
TABLE 20 POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 103
TABLE 21 POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 103
TABLE 22 POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 103
9.2 THERMOFORMING 104
9.3 INJECTION MOLDING 104
9.4 EXTRUSION 105
9.5 BLOW MOLDING 105
9.6 OTHERS 105
10 POLYLACTIC ACID MARKET, BY REGION 107
10.1 INTRODUCTION 108
TABLE 23 POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 24 POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (USD MILLION) 109
TABLE 25 POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (KILOTON) 109
TABLE 26 POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (KILOTON) 110
10.2 ASIA PACIFIC 110
FIGURE 36 ASIA PACIFIC: POLYLACTIC ACID MARKET SNAPSHOT 111
TABLE 27 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 112
TABLE 28 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 112
TABLE 29 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 112
TABLE 30 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 113
TABLE 31 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 113
TABLE 32 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113
TABLE 33 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 114
TABLE 34 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 114
TABLE 35 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 114
TABLE 36 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 115
TABLE 37 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 115
TABLE 38 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 115
TABLE 39 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 116
TABLE 40 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 116
TABLE 41 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 116
TABLE 42 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 117
TABLE 43 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 117
TABLE 44 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 117
TABLE 45 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 118
TABLE 46 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 118
10.2.1 IMPACT OF RECESSION ON ASIA PACIFIC 118
10.2.2 CHINA 119
10.2.2.1 Increasing use of polylactic acid by packaging and consumer goods industries to drive market 119
TABLE 47 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 119
TABLE 48 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 120
TABLE 49 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 120
TABLE 50 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 120
10.2.3 INDIA 121
10.2.3.1 Ban on single-use plastics and NGO initiatives to boost market 121
TABLE 51 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 121
TABLE 52 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 122
TABLE 53 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 122
TABLE 54 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 122
10.2.4 JAPAN 123
10.2.4.1 Research on development of better polylactic acid grades to drive market 123
TABLE 55 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 123
TABLE 56 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 124
TABLE 57 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 124
TABLE 58 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 124
10.2.5 SOUTH KOREA 125
10.2.5.1 Government policies to support market growth 125
TABLE 59 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 125
TABLE 60 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 126
TABLE 61 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 126
TABLE 62 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 126
10.2.6 REST OF ASIA PACIFIC 127
TABLE 63 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 127
TABLE 64 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 127
TABLE 65 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 128
TABLE 66 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 128
10.3 EUROPE 128
FIGURE 37 EUROPE: POLYLACTIC ACID MARKET SNAPSHOT 129
TABLE 67 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 130
TABLE 68 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 130
TABLE 69 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 130
TABLE 70 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 131
TABLE 71 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 131
TABLE 72 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131
TABLE 73 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 132
TABLE 74 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 132
TABLE 75 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 132
TABLE 76 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 133
TABLE 77 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 133
TABLE 78 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 133
TABLE 79 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 134
TABLE 80 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 134
TABLE 81 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 134
TABLE 82 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 135
TABLE 83 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 135
TABLE 84 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 135
TABLE 85 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 136
TABLE 86 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 136
10.3.1 IMPACT OF RECESSION ON EUROPE 136
10.3.2 GERMANY 137
10.3.2.1 Ban on conventional plastics to drive market 137
TABLE 87 GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 137
TABLE 88 GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 138
TABLE 89 GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 138
TABLE 90 GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 138
10.3.3 UK 139
10.3.3.1 Stringent regulations regarding use of single-use plastics to drive market 139
TABLE 91 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 139
TABLE 92 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 140
TABLE 93 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 140
TABLE 94 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 140
10.3.4 FRANCE 141
10.3.4.1 Government initiatives to promote use of bioplastics to drive demand 141
TABLE 95 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 141
TABLE 96 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 142
TABLE 97 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 142
TABLE 98 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 142
10.3.5 ITALY 143
10.3.5.1 Food packaging industry to drive demand 143
TABLE 99 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 143
TABLE 100 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 144
TABLE 101 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 144
TABLE 102 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 144
10.3.6 SPAIN 145
10.3.6.1 Rising public awareness to drive demand 145
TABLE 103 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 145
TABLE 104 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 146
TABLE 105 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 146
TABLE 106 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 146
10.3.7 REST OF EUROPE 147
TABLE 107 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 147
TABLE 108 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 147
TABLE 109 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 148
TABLE 110 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 148
10.4 NORTH AMERICA 148
TABLE 111 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 149
TABLE 112 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 149
TABLE 113 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 149
TABLE 114 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 149
TABLE 115 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150
TABLE 116 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150
TABLE 117 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 150
TABLE 118 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 151
TABLE 119 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 151
TABLE 120 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 151
TABLE 121 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 152
TABLE 122 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 152
TABLE 123 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 152
TABLE 124 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 153
TABLE 125 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 153
TABLE 126 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 153
TABLE 127 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 154
TABLE 128 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 154
TABLE 129 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 154
TABLE 130 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 155
10.4.1 IMPACT OF RECESSION ON NORTH AMERICA 155
10.4.2 US 155
10.4.2.1 Limitations on use of conventional plastic in packaging industry to drive market 155
TABLE 131 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 156
TABLE 132 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 156
TABLE 133 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 156
TABLE 134 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 157
10.4.3 CANADA 157
10.4.3.1 Stringent environmental regulations to drive demand for polylactic acid 157
TABLE 135 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 158
TABLE 136 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 158
TABLE 137 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 158
TABLE 138 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 159
10.4.4 MEXICO 159
10.4.4.1 Highly skilled workforce to drive polylactic acid market 159
TABLE 139 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 159
TABLE 140 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 160
TABLE 141 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 160
TABLE 142 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 160
10.5 SOUTH AMERICA 161
TABLE 143 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 161
TABLE 144 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 161
TABLE 145 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 161
TABLE 146 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 162
TABLE 147 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 162
TABLE 148 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 162
TABLE 149 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 163
TABLE 150 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 163
TABLE 151 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 163
TABLE 152 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 164
TABLE 153 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 164
TABLE 154 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 164
TABLE 155 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 165
TABLE 156 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 165
TABLE 157 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 165
TABLE 158 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 166
TABLE 159 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 166
TABLE 160 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 166
TABLE 161 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 167
TABLE 162 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 167
10.5.1 IMPACT OF RECESSION ON SOUTH AMERICA 167
10.5.2 BRAZIL 168
10.5.2.1 Abundance of raw materials to support market growth 168
TABLE 163 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 168
TABLE 164 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 168
TABLE 165 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 169
TABLE 166 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 169
10.5.3 REST OF SOUTH AMERICA 169
TABLE 167 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 170
TABLE 168 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 170
TABLE 169 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 170
TABLE 170 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 171
10.6 MIDDLE EAST & AFRICA 171
TABLE 171 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171
TABLE 172 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171
TABLE 173 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 172
TABLE 174 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 172
TABLE 175 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 172
TABLE 176 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 173
TABLE 177 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 173
TABLE 178 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 173
TABLE 179 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 174
TABLE 180 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 174
TABLE 181 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 175
TABLE 182 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 175
TABLE 183 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 176
TABLE 184 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 176
TABLE 185 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 176
TABLE 186 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 177
TABLE 187 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 177
TABLE 188 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 177
TABLE 189 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 178
TABLE 190 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 178
10.6.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA 178
10.6.2 SAUDI ARABIA 179
10.6.2.1 Government regulations controlling use of conventional plastics to drive market 179
TABLE 191 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 179
TABLE 192 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 179
TABLE 193 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 180
TABLE 194 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 180
10.6.3 UAE 180
10.6.3.1 Focus on medical tourism and healthcare infrastructure to drive market 180
TABLE 195 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 181
TABLE 196 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 181
TABLE 197 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 181
TABLE 198 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 182
10.6.4 REST OF MIDDLE EAST & AFRICA 182
TABLE 199 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 182
TABLE 200 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 183
TABLE 201 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 183
TABLE 202 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 183
11 COMPETITIVE LANDSCAPE 184
11.1 INTRODUCTION 184
FIGURE 38 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND PRODUCT DEVELOPMENTS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022 184
11.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022 185
FIGURE 39 RANKING OF TOP FIVE PLAYERS IN POLYLACTIC ACID MARKET, 2022 185
11.3 MARKET SHARE ANALYSIS 185
FIGURE 40 POLYLACTIC ACID MARKET SHARE, BY COMPANY (2022) 185
TABLE 203 POLYLACTIC ACID MARKET: DEGREE OF COMPETITION 186
11.4 REVENUE ANALYSIS OF TOP PLAYERS 188
TABLE 204 POLYLACTIC ACID MARKET: REVENUE ANALYSIS (USD) 188
11.5 MARKET EVALUATION MATRIX 188
TABLE 205 MARKET EVALUATION MATRIX 188
11.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1) 189
11.6.1 STARS 189
11.6.2 EMERGING LEADERS 189
11.6.3 PERVASIVE PLAYERS 189
11.6.4 PARTICIPANTS 189
FIGURE 41 POLYLACTIC ACID MARKET: COMPANY EVALUATION MATRIX, 2022 190
11.7 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX 190
11.7.1 RESPONSIVE COMPANIES 190
11.7.2 STARTING BLOCKS 191
11.7.3 PROGRESSIVE COMPANIES 191
11.7.4 DYNAMIC COMPANIES 191
FIGURE 42 POLYLACTIC ACID MARKET: STARTUPS AND SMES MATRIX, 2022 191
11.8 COMPANY END-USE INDUSTRY FOOTPRINT 192
11.9 COMPANY REGION FOOTPRINT 193
11.9.1 STRENGTH OF PRODUCT PORTFOLIO 195
11.9.2 BUSINESS STRATEGY EXCELLENCE 196
11.10 COMPETITIVE SCENARIOS 197
11.10.1 PRODUCT LAUNCHES 197
TABLE 206 PRODUCT LAUNCHES, 2018–2022 197
11.10.2 DEALS 198
TABLE 207 DEALS, 2018–2022 198
11.10.3 OTHER DEVELOPMENTS 200
TABLE 208 OTHER DEVELOPMENTS, 2018–2022 200
12 COMPANY PROFILES 203
12.1 MAJOR PLAYERS 203
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
12.1.1 NATUREWORKS LLC 203
TABLE 209 NATUREWORKS LLC: COMPANY OVERVIEW 203
TABLE 210 NATUREWORKS LLC: PRODUCT LAUNCHES 204
TABLE 211 NATUREWORKS LLC: DEALS 205
TABLE 212 NATUREWORKS LLC: OTHERS 206
12.1.2 TOTALENERGIES CORBION 208
TABLE 213 TOTALENERGIES CORBION: COMPANY OVERVIEW 208
TABLE 214 TOTALENERGIES CORBION: PRODUCT LAUNCHES 209
TABLE 215 TOTALENERGIES CORBION: DEALS 209
TABLE 216 TOTALENERGIES CORBION: OTHERS 210
12.1.3 BASF SE 212
TABLE 217 BASF SE: COMPANY OVERVIEW 212
FIGURE 43 BASF SE: COMPANY SNAPSHOT 213
TABLE 218 BASF SE: DEALS 214
TABLE 219 BASF SE: OTHERS 214
12.1.4 COFCO 216
TABLE 220 COFCO: COMPANY OVERVIEW 216
TABLE 221 COFCO: OTHERS 217
12.1.5 FUTERRO 218
TABLE 222 FUTERRO: COMPANY OVERVIEW 218
TABLE 223 FUTERRO: OTHERS 219
12.1.6 DANIMER SCIENTIFIC 220
TABLE 224 DANIMER SCIENTIFIC: COMPANY OVERVIEW 220
FIGURE 44 DANIMER SCIENTIFIC: COMPANY SNAPSHOT 221
TABLE 225 DANIMER SCIENTIFIC: DEALS 222
TABLE 226 DANIMER SCIENTIFIC: OTHERS 222
12.1.7 TORAY INDUSTRIES, INC. 223
TABLE 227 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 223
FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 224
TABLE 228 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES 225
12.1.8 EVONIK INDUSTRIES 226
TABLE 229 EVONIK INDUSTRIES: COMPANY OVERVIEW 226
FIGURE 46 EVONIK INDUSTRIES: COMPANY SNAPSHOT 226
TABLE 230 EVONIK INDUSTRIES: PRODUCT LAUNCHES 227
TABLE 231 EVONIK INDUSTRIES: DEALS 227
TABLE 232 EVONIK INDUSTRIES: OTHERS 228
12.1.9 MITSUBISHI CHEMICAL CORPORATION 229
TABLE 233 MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW 229
FIGURE 47 MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT 229
TABLE 234 MITSUBISHI CHEMICAL CORPORATION: OTHERS 230
12.1.10 UNITIKA LTD. 231
TABLE 235 UNITIKA LTD.: COMPANY OVERVIEW 231
FIGURE 48 UNITIKA LTD.: COMPANY SNAPSHOT 231
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 233
12.2.1 ZHEJIANG HISUN BIOMATERIALS CO., LTD. 233
12.2.2 SHANGHAI TONG-JIE-LIANG BIOMATERIALS CO., LTD. 233
12.2.3 CHONGQING BOFEI BIOCHEMICAL PRODUCTS, LTD. 233
12.2.4 ZHANGJIAGANG CREATE MATERIAL CO., LTD. 233
12.2.5 SYNBRA TECHNOLOGY 233
12.2.6 SUMITOMO CHEMICAL CO., LTD. 234
12.2.7 FKUR 234
12.2.8 MUSASHINO CHEMICAL LABORATORY, LTD. 234
12.2.9 AKRO-PLASTIC GMBH 234
12.2.10 VAISHNAVI BIO-TECH 234
12.2.11 CARBIOLICE 234
12.2.12 SHENZHEN ESUN INDUSTRIAL CO., LTD. 235
12.2.13 JIANGSU SUPLA BIOPLASTICS CO., LTD. 235
12.2.14 NANTONG JIUDING BIOLOGICAL ENGINEERING CO., LTD. 235
12.2.15 FLOREON 235
13 APPENDIX 236
13.1 DISCUSSION GUIDE 236
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 239
13.3 CUSTOMIZATION OPTIONS 241
13.4 RELATED REPORTS 241
13.5 AUTHOR DETAILS 242