In-Depth Analysis of Bio-polylactic Acid (PLA) Market 2020 | Report Covers Top Key Players, Regions, Supply and Consumption, Forecast till 2024

March 31, 2020 Ulysses Erickson 0 Comments

Bio-polylactic Acid (PLA)

The Key purpose of “Bio-polylactic Acid (PLA) Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Bio-polylactic Acid (PLA) market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Bio-polylactic Acid (PLA) Market Covers Key Players:

BASF SE

Bayer AG

Corbian NV

Danimer Scientific

DowDuPont

Eastman Chemicals

Futerro

Henan Jindan Lactic Acid Technology

Mitsubishi Chemical Holdings Corporation

Natureworks

Sulzer AG

Synbra Technology BV

Teijin Ltd

Wei Mon Industry Co. Ltd

Weforyou GmbH

Zhejiang Hisun Biomaterials Co. Ltd

Market Overview:

The market for bio-polylactic acid is expected to register a CAGR of ~20.49% during the forecast period of 2019 – 2024. Major factors driving the market studied are favorable government policies promoting bio-plastics and the growing demand for cellulose-derived fibers in the textile industry. Price competitiveness and availability of cheaper alternatives are expected to hinder the growth of the market studied.

– The packaging industry dominated the market in 2018 and is also expected to grow during the forecast period, owing to its usage in fruit and vegetable packaging in the supermarkets, for bread bags and bakery boxes, bottles, envelopes and display carton windows, and shopping or carrier bags, among others.

– The growing production of genetically modified corn and the growing usage of bio-PLA in 3D printing are likely to act as opportunities in the future.

– Asia-Pacific dominated the market across the globe with the largest consumption from countries, such as China and Japan.<

The Bio-polylactic Acid (PLA) Market Report Includes:

The Bio-polylactic Acid (PLA) market report covers the present status and future prospects.
The report analyses market trends, size, and forecast in different geographically.
The report provides market competition overview among the Top companies.
The report provides a complete analysis of the current and emerging market trends and opportunities.

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Scope of the Report:

This report studies the global Bio-polylactic Acid (PLA) market size, industry status and forecast, competition landscape and growth opportunity.

Key Market Trends:

Packaging Segmented Expected to Dominate the Market

– The packaging industry is one of the largest consumers of bio-PLA. Packaging accounted for over 50% of the global bio-PLA market, in 2018, in terms of revenue.
– The restaurant chains and food processing industries are increasingly adopting biodegradable materials for food packaging.
– Consumer awareness is also rising and rapidly evolving, in terms of food safety, as some plastics are proven carcinogens.
– The demand for bio-PLA in the packaging industry is increasing at a rapid pace in the European and North American regions.
– The increasing intervention of the Food and Drug Administration (FDA) and related organizations, in terms of food safety, is promoting the usage of bio-degradable and food grade plastics for beverage and snack consumption.
– The growth in the packaging industry in the developing regions, such as Asia-Pacific, South America, and the Middle East, is expected to increase over the forecast period, due to the improving food packaging standards of various food and safety organizations in these regions.

China to Dominate the Market in Asia-Pacific

– The rapid growth of the consumption of bio-polylactic acid in China has been majorly driven by ample developments in the packaging and medical sectors, which are being supported by the growing economy.
– The packaging industry in the country has shown a continuous rise, despite a decline in the pace of growth. The continuous rise in this industry is due to the demand for FMCG goods. Additionally, an increase in demand for eco-friendly packaging has benefitted the packaging sector in China.
– Additionally, China has large potential to grow at a faster rate in the e-commerce packaging market, as internet use in the country continues to expand at a rapid rate.
– Moreover, the demand for ready-to-cook products from the food and beverage industry is supporting the growth of high-quality packaging in the country.
– The demand for bio-polylactic acid is expected to increase in the country, during the forecast period.
– Furthermore, countries such as India and Japan have also been contributing to the growth of the market studied. This is expected to further drive the demand for Bio-PLA market over the forecast period.

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Important Questions Answered in The Bio-polylactic Acid (PLA) Market Report:

What is the main factor that takes this market to the next level?
What will the market demand and what will be growth?
What are the latest opportunities for the Bio-polylactic Acid (PLA) Market in the future?
What are the strengths of the main players?
What is the key to the Bio-polylactic Acid (PLA) Market?

Detailed TOC of Bio-polylactic Acid (PLA) Market Report 2020-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Favorable Government Policies Promoting Bio-plastics
4.1.2 Demand for Bio-plastic Packaging
4.1.3 Growing Demand for Cellulose Derived Fibers in Textile Industry
4.2 Restraints
4.2.1 Price Competitiveness and Availability of Cheaper Alternatives
4.2.2 Difficulty in Disposal of Bio-PLA
4.3 Industry Value-Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.5.1 PLA Production Process

5 MARKET SEGMENTATION
5.1 Raw Material
5.1.1 Corn
5.1.2 Cassava
5.1.3 Sugarcane and Sugar Beet
5.1.4 Other Raw Materials
5.2 Form
5.2.1 Fiber
5.2.2 Films and Sheets
5.2.3 Coatings
5.2.4 Other Forms
5.3 End-user Industry
5.3.1 Packaging
5.3.2 Automotive
5.3.3 Medical
5.3.4 Electronics
5.3.5 Agriculture
5.3.6 Textile
5.3.7 Other End-user Industries
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.2.4 Rest of North America
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 Italy
5.4.3.4 France
5.4.3.5 Spain
5.4.3.6 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BASF SE
6.4.2 Bayer AG
6.4.3 Corbian NV
6.4.4 Danimer Scientific
6.4.5 DowDuPont
6.4.6 Eastman Chemicals
6.4.7 Futerro
6.4.8 Henan Jindan Lactic Acid Technology
6.4.9 Mitsubishi Chemical Holdings Corporation
6.4.10 Natureworks
6.4.11 Sulzer AG
6.4.12 Synbra Technology BV
6.4.13 Teijin Ltd
6.4.14 Wei Mon Industry Co. Ltd
6.4.15 Weforyou GmbH
6.4.16 Zhejiang Hisun Biomaterials Co. Ltd