Polylactic Acid Market Outlook (2022 to 2032)

The global polylactic acid market is expected to reach a valuation of US$ 1.0 Billion by the end of 2022. It is likely to be supplemented at a CAGR of 11.9% during the evaluation period from 2022 to 2032. The market for polylactic acid is likely to create an absolute dollar opportunity of nearly US$ 3.1 Billion by 2032.

The urgent need for an alternative to conventional plastic and eco-friendly packaging is expected to push growth in the global packaging sector, thereby driving the polylactic acid industry. The need for physical or chemical modification of polylactic acid to gain suitable properties for multiple intended applications is also anticipated to augur well for the global market.

The increasing use of polylactic acid in the electronics, textile, medical, tableware, automotive, packaging, and 3D printing industries is anticipated to skyrocket its demand in the assessment period. Polylactic acid is capable of offering various advantages such as the initiation of production processes by utilizing carbon dioxide.

It also has numerous chemical properties and is thus extensively used as a raw material in a wide variety of applications. Key players are nowadays aiming to opt for this acid as it has diverse functionalities such as non-toxicity and biodegradability.

A few renowned companies are striving to use polylactic acid in the healthcare sector such as implants, screws, and stitching materials. The acid is also set to be utilized for the production of medical equipment and devices. In the automotive sector, it is likely to be used in tires with starch-based materials for lowering overall fuel consumption.

In October 2021, for instance, Total Corbion PLA, a technology leader based in the Netherlands, introduced Luminy polylactic acid. It is made with chemically recycled post-consumer and post-industrial waste. The company claims it to be the world’s first-ever commercially available bioplastic product.

Similarly, in April 2021, NatureWorks, a USA-based manufacturer of bioplastics, introduced Ingeo 3D700 to expand its Ingeo biopolymers line. The new product is mainly designed for additive manufacturing and can be applied in large-format 3D printing. Thus, the launch of similar innovative products by leading companies is projected to propel the need for polylactic acid in the next ten years.

Attributes Key Insights
Global Polylactic Acid Market Estimated Size (2022E) US$ 1.0 Billion
Projected Market Valuation (2032F) US$ 3.1 Billion
Value-based CAGR (2022 to 2032) 11.9%
Collective Value Share: Top 3 Countries 40.4%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

2017 to 2021 Global Polylactic Acid Market Outlook Compared to 2022 to 2032 Demand Forecast

The market for polylactic acid (PLA) is predicted to surge positively due to the growing demand for new alternatives to plastic. In the next ten years, the global market for polylactic acid is expected to develop at a healthy rate. As per FMI, sales of polylactic acid grew steadily at a CAGR of 9.8% during the historical period between 2017 and 2021.

Growth is mainly attributed to the entry of numerous market players and innovations brought about by them. In addition, the high demand for eco-friendly packaging on the back of increasing awareness about pollution is projected to propel the adoption of polylactic acid among various end-use industries in the evaluation period.

Top Trends Propelling Sales of Polylactic Acid across the Globe

Increasing Demand for Biodegradable Plastics to Boost Sales by 2032

One of the important factors expected to support growth in the global polylactic acid market in the evaluation period is the increasing trend for bio-based, biodegradable plastics that are preferred by a wide range of end-use industries. Over the last few years, companies in both developing and developed economies have increased their production of bioplastics. Growing demand for polylactic acid in the manufacturing of sutures and stents can also be attributed to medical advancements across the globe.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Country-wise Insights

Why is the Demand for Polylactic Acid Growing Astonishingly in the USA?

Sales of Polylactic Acid Products to Skyrocket in the USA Amid Rising Research and Development to Find New Application Areas

The USA is considered to be one of the leading industries for polylactic acids. As per FMI, North America is likely to generate a share of around 29.5% in the forecast period with an increasing number of research and development (Research and Development) activities across the USA for coming up with new application areas of polylactic acid.

How Are China-based Polylactic Acid Manufacturers Progressing?

Key Players in China to Look for Polylactic Acid Resins to Bring about Sustainability

In the next ten years, Asia Pacific is expected to develop rapidly on the back of the rising inclination of consumers in China towards bio-based products. With the ongoing advancement of technology, the involvement of leading market players has helped in creating more polylactic acid-based applications concerning the requirements of end users.

Population growth, economic stability, innovations in the 3D printing industry, and surging demand for food products are anticipated to shape future demand for polylactic acid in the food and packaging industries. Also, significant leakage of packaging materials into the environment has surged dramatically in China, which has made companies look for sustainability in packaging.

Why is the UK Set to Become a Leading Polylactic Acid Producer?

The emergence of the ‘Bio-Plastics Europe’ Project to Augment Demand for Polylactic Acid Biopolymers in the UK

Due to the growing awareness and high preference for bio-based plastics in the UK, Europe is likely to create numerous growth opportunities for polylactic acid manufacturers. The Bio-Plastics Europe project, for instance, is formulating and executing sustainable solutions for bio-based plastic manufacturing and use in Europe to protect land & sea quality.

Bioplastics are becoming more popular in the production of plastic bags in the UK since they are environmentally beneficial. Government agencies in the country have also begun to use them, which would positively affect growth in the market.

Category-wise Insights

Which is the Most Preferred Product Type across the Globe?

Bioplastic Polylactic Acid Sheets to Create High Demand among Companies Worldwide

Based on product type, the film segment is anticipated to generate the lion’s share in the global market throughout the forecast period. Polylactic acid films are exponentially used in the field of 3D printing as they are less expensive, compared to other products.

Additionally, polylactic acid films can significantly reduce the carbon footprint of a package. These films offer an environmentally sustainable alternative to conventional polyethylene films.

Demand for polylactic acid sheets, on the other hand, is increasing day by day as they have the property of biocompatibility and biodegradability. Polylactic acid sheets are considered to be impact-resistant and workable plates that are easy to print on. These sheets are likely to be used for signage point-of-saleable equipment.

Who is the Leading End User of Polylactic Acid across the Globe?

Requirement of Polylactic Acid in 3D Printing to Surge at a Fast Pace by 2032

The global market for polylactic acid is set to be dominated by the 3D printing end-use category in 2022, which accounted for a revenue share of about 44.4%. Properties of polylactic acid such as biocompatibility, biodegradability, and non-toxicity, along with its thermomechanical properties, make it an effective match for use in various medical applications, particularly medical implants.

Pharmaceutical companies are constantly striving to optimize medication delivery to improve the therapeutic effects of medicines while avoiding side effects. Polyesters such as polylactic acids have been widely employed in drug administration owing to their biodegradability and changeable mechanical characteristics.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Competitive Landscape

With a large number of manufacturers operating worldwide, the global market for polylactic acid is highly competitive. Key companies are investing extensively in research & development activities, which is expected to boost the overall market over the next ten years.

Meanwhile, some of the other companies are focusing on expanding their product portfolios, as well as engaging in mergers and acquisitions. These unique strategies are set to provide them with significant development possibilities throughout the projection period.

For instance,

  • In August 2022, LG Chem, which is a prominent chemical company, signed two joint ventures with ADM, a renowned nutrition and bio solutions brand, for the production of polylactic acid and lactic acid in the USA They are aiming to fulfill the unmet need for a wide range of plant-based products such as bioplastics with these joint ventures.

Scope of the Report

Attribute Details
Estimated Market Size (2022) US$ 1.0 Billion
Projected Market Valuation (2032) US$ 3.1 Billion
Value-based CAGR (2022 to 2032) 11.9%
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis Value (US$ Billion)
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa
Key Countries Covered USA, Brazil, Mexico, Germany, UK, China, India, Japan, Australia, and GCC Countries
Key Segments Covered Product Type, End Use, and Region
Key Companies Profiled Toray Industries Inc.; Stora Enso Oyj.; Amcor Plc; LG Chem and ADM (JV); Evonik Industries AG; Total-Corbion PLA; Henan Jindan Lactic Acid Co. Ltd.; NatureWorks LLC; Galactic; Sulzer Chemtech
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Polylactic Acid Market Outlook by Category

By Product Type:

  • Films
  • Sheets
  • Coatings
  • Fibers

By End Use:

  • Packaging
  • Biomedical
  • 3D Printing

By Region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

Frequently Asked Questions

How big is the polylactic acid industry?

The polylactic acid industry is expected to reach nearly US$ 1.0 Billion by 2022.

What is the North America polylactic acid market outlook?

The North America polylactic acid industry is expected to register a 10.7% CAGR between 2022 and 2032.

At what rate will the market for polylactic acid grow in Europe?

The demand for polylactic acid is expected to grow at 12.8% CAGR between 2022 and 2032 in Europe.

What are the key trends shaping the market for polylactic acid?

The market for polylactic acid is predicted to be driven by its rising utilization in the manufacturing of green packaging. Increasing trend for bio-based products is also projected to drive the market.

At what rate will the demand for polylactic acid grow in China?

The demand for polylactic acid in China is projected to grow at 10.7% CAGR between 2022 and 2032.

Table of Content
1. Executive Summary | Polylactic Acid Market
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Product launches & Recent Developments
    3.4. Product Life Cycle Analysis
    3.5. Value Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. % of Operating Margin Analysis
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyers
    3.6. Global Market - Pricing Analysis
        3.6.1. Price Point Assessment by Region
        3.6.2. Price Point Assessment by Product Type
        3.6.3. Price Forecast till 2032
        3.6.4. Factors affecting pricing
    3.7. Forecast Factors - Relevance & Impact
    3.8. Demand Assessment By Source
    3.9. Regulatory Landscape
        3.9.1. Packaging & Labelling Regulations
        3.9.2. Certifications and Certifying Agency Overview
        3.9.3. Import/Export Policies
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
    3.13. Consumers Survey Analysis
    3.14. Macro-Economic Factors
    3.15. Product Claims & Nutritional Information scanned by Buyers
4. Global Analysis 2017 to 2021 and Forecast, 2022 to 2032
    4.1. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis, 2017 to 2021
    4.2. Current and Future Market Size Value (US$ Billion) & Volume (MT) Projections, 2022 to 2032
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis By Product Type, 2017 to 2021
    5.3. Current and Future Market Size Value (US$ Billion) & Volume (MT) Analysis and Forecast By Product Type, 2022 to 2032
        5.3.1. Films
        5.3.2. Sheets
        5.3.3. Coatings
        5.3.4. Fibers
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021
    5.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032
6. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis By End Use, 2017 to 2021
    6.3. Current and Future Market Size Value (US$ Billion) & Volume (MT) Analysis and Forecast By End Use, 2022 to 2032
        6.3.1. Packaging
        6.3.2. Biomedical
        6.3.3. 3D Printing
    6.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021
    6.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032
7. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    7.1. Introduction
    7.2. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis By Region, 2017 to 2021
    7.3. Current Market Size Value (US$ Billion) & Volume (MT) Analysis and Forecast By Region, 2022 to 2032
        7.3.1. North America
        7.3.2. Latin America
        7.3.3. Europe
        7.3.4. Middle East and Africa
        7.3.5. South Asia
        7.3.6. Oceania
        7.3.7. East Asia
    7.4. Market Attractiveness Analysis By Region
8. North America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    8.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021
    8.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032
        8.2.1. By Country
            8.2.1.1. United States of America
            8.2.1.2. Canada
        8.2.2. By Product Type
        8.2.3. By End Use
    8.3. Market Attractiveness Analysis
        8.3.1. By Country
        8.3.2. By Product Type
        8.3.3. By End Use
    8.4. Key Takeaways
9. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    9.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021
    9.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032
        9.2.1. By Country
            9.2.1.1. Brazil
            9.2.1.2. Mexico
            9.2.1.3. Argentina
            9.2.1.4. Rest of Latin America
        9.2.2. By Product Type
        9.2.3. By End Use
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Product Type
        9.3.3. By End Use
    9.4. Key Takeaways
10. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    10.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021
    10.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032
        10.2.1. By Country
            10.2.1.1. Germany
            10.2.1.2. UK
            10.2.1.3. France
            10.2.1.4. Italy
            10.2.1.5. Spain
            10.2.1.6. BENELUX
            10.2.1.7. Nordic
            10.2.1.8. Russia
            10.2.1.9. Poland
            10.2.1.10. Rest of Europe
        10.2.2. By Product Type
        10.2.3. By End Use
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Product Type
        10.3.3. By End Use
    10.4. Key Takeaways
11. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    11.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021
    11.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032
        11.2.1. By Country
            11.2.1.1. China
            11.2.1.2. Japan
            11.2.1.3. South Korea
        11.2.2. By Product Type
        11.2.3. By End Use
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Product Type
        11.3.3. By End Use
    11.4. Key Takeaways
12. South Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    12.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021
    12.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032
        12.2.1. By Country
            12.2.1.1. India
            12.2.1.2. Thailand
            12.2.1.3. Malaysia
            12.2.1.4. Indonesia
            12.2.1.5. Philippines
            12.2.1.6. Singapore
            12.2.1.7. Rest of South Asia
        12.2.2. By Product Type
        12.2.3. By End Use
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Product Type
        12.3.3. By End Use
    12.4. Key Takeaways
13. Oceania Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    13.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021
    13.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032
        13.2.1. By Country
            13.2.1.1. Australia
            13.2.1.2. New Zealand
        13.2.2. By Product Type
        13.2.3. By End Use
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Product Type
        13.3.3. By End Use
    13.4. Key Takeaways
14. MEA Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    14.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021
    14.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032
        14.2.1. By Country
            14.2.1.1. GCC Countries
            14.2.1.2. South Africa
            14.2.1.3. Rest of MEA
        14.2.2. By Product Type
        14.2.3. By End Use
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Product Type
        14.3.3. By End Use
    14.4. Key Takeaways
15. Key Countries Analysis
    15.1. US
        15.1.1. Pricing Analysis
        15.1.2. Market Share Analysis, 2021
            15.1.2.1. By Product Type
            15.1.2.2. By End Use
    15.2. Canada
        15.2.1. Pricing Analysis
        15.2.2. Market Share Analysis, 2021
            15.2.2.1. By Product Type
            15.2.2.2. By End Use
    15.3. Brazil
        15.3.1. Pricing Analysis
        15.3.2. Market Share Analysis, 2021
            15.3.2.1. By Product Type
            15.3.2.2. By End Use
    15.4. Mexico
        15.4.1. Pricing Analysis
        15.4.2. Market Share Analysis, 2021
            15.4.2.1. By Product Type
            15.4.2.2. By End Use
    15.5. Argentina
        15.5.1. Pricing Analysis
        15.5.2. Market Share Analysis, 2021
            15.5.2.1. By Product Type
            15.5.2.2. By End Use
    15.6. Chile
        15.6.1. Pricing Analysis
        15.6.2. Market Share Analysis, 2021
            15.6.2.1. By Product Type
            15.6.2.2. By End Use
    15.7. Peru
        15.7.1. Pricing Analysis
        15.7.2. Market Share Analysis, 2021
            15.7.2.1. By Product Type
            15.7.2.2. By End Use
    15.8. Germany
        15.8.1. Pricing Analysis
        15.8.2. Market Share Analysis, 2021
            15.8.2.1. By Product Type
            15.8.2.2. By End Use
    15.9. Italy
        15.9.1. Pricing Analysis
        15.9.2. Market Share Analysis, 2021
            15.9.2.1. By Product Type
            15.9.2.2. By End Use
    15.10. France
        15.10.1. Pricing Analysis
        15.10.2. Market Share Analysis, 2021
            15.10.2.1. By Product Type
            15.10.2.2. By End Use
    15.11. Spain
        15.11.1. Pricing Analysis
        15.11.2. Market Share Analysis, 2021
            15.11.2.1. By Product Type
            15.11.2.2. By End Use
    15.12. United Kingdom
        15.12.1. Pricing Analysis
        15.12.2. Market Share Analysis, 2021
            15.12.2.1. By Product Type
            15.12.2.2. By End Use
    15.13. Russia
        15.13.1. Pricing Analysis
        15.13.2. Market Share Analysis, 2021
            15.13.2.1. By Product Type
            15.13.2.2. By End Use
    15.14. Poland
        15.14.1. Pricing Analysis
        15.14.2. Market Share Analysis, 2021
            15.14.2.1. By Product Type
            15.14.2.2. By End Use
    15.15. BENELUX
        15.15.1. Pricing Analysis
        15.15.2. Market Share Analysis, 2021
            15.15.2.1. By Product Type
            15.15.2.2. By End Use
    15.16. Nordic Countries
        15.16.1. Pricing Analysis
        15.16.2. Market Share Analysis, 2021
            15.16.2.1. By Product Type
            15.16.2.2. By End Use
    15.17. China
        15.17.1. Pricing Analysis
        15.17.2. Market Share Analysis, 2021
            15.17.2.1. By Product Type
            15.17.2.2. By End Use
    15.18. Japan
        15.18.1. Pricing Analysis
        15.18.2. Market Share Analysis, 2021
            15.18.2.1. By Product Type
            15.18.2.2. By End Use
    15.19. South Korea
        15.19.1. Pricing Analysis
        15.19.2. Market Share Analysis, 2021
            15.19.2.1. By Product Type
            15.19.2.2. By End Use
    15.20. India
        15.20.1. Pricing Analysis
        15.20.2. Market Share Analysis, 2021
            15.20.2.1. By Product Type
            15.20.2.2. By End Use
    15.21. Thailand
        15.21.1. Pricing Analysis
        15.21.2. Market Share Analysis, 2021
            15.21.2.1. By Product Type
            15.21.2.2. By End Use
    15.22. Indonesia
        15.22.1. Pricing Analysis
        15.22.2. Market Share Analysis, 2021
            15.22.2.1. By Product Type
            15.22.2.2. By End Use
    15.23. Malaysia
        15.23.1. Pricing Analysis
        15.23.2. Market Share Analysis, 2021
            15.23.2.1. By Product Type
            15.23.2.2. By End Use
    15.24. Singapore
        15.24.1. Pricing Analysis
        15.24.2. Market Share Analysis, 2021
            15.24.2.1. By Product Type
            15.24.2.2. By End Use
    15.25. Australia
        15.25.1. Pricing Analysis
        15.25.2. Market Share Analysis, 2021
            15.25.2.1. By Product Type
            15.25.2.2. By End Use
    15.26. New Zealand
        15.26.1. Pricing Analysis
        15.26.2. Market Share Analysis, 2021
            15.26.2.1. By Product Type
            15.26.2.2. By End Use
    15.27. GCC Countries
        15.27.1. Pricing Analysis
        15.27.2. Market Share Analysis, 2021
            15.27.2.1. By Product Type
            15.27.2.2. By End Use
    15.28. South Africa
        15.28.1. Pricing Analysis
        15.28.2. Market Share Analysis, 2021
            15.28.2.1. By Product Type
            15.28.2.2. By End Use
    15.29. North Africa
        15.29.1. Pricing Analysis
        15.29.2. Market Share Analysis, 2021
            15.29.2.1. By Product Type
            15.29.2.2. By End Use
    15.30. Central Africa
        15.30.1. Pricing Analysis
        15.30.2. Market Share Analysis, 2021
            15.30.2.1. By Product Type
            15.30.2.2. By End Use
16. Market Structure Analysis
    16.1. Competition Dashboard
    16.2. Competition Benchmarking
    16.3. Market Share Analysis of Top Players
        16.3.1. By Regional
        16.3.2. By Product Type
        16.3.3. By End Use
17. Competition Analysis
    17.1. Competition Deep Dive
        17.1.1. NatureWorks LLC
            17.1.1.1. Overview
            17.1.1.2. Product Portfolio
            17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.1.4. Sales Footprint
            17.1.1.5. Strategy Overview
                17.1.1.5.1. Marketing Strategy
                17.1.1.5.2. Product Strategy
                17.1.1.5.3. Channel Strategy
        17.1.2. Toray Industries Inc
            17.1.2.1. Overview
            17.1.2.2. Product Portfolio
            17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.2.4. Sales Footprint
            17.1.2.5. Strategy Overview
                17.1.2.5.1. Marketing Strategy
                17.1.2.5.2. Product Strategy
                17.1.2.5.3. Channel Strategy
        17.1.3. Stora Enso Oyj.
            17.1.3.1. Overview
            17.1.3.2. Product Portfolio
            17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.3.4. Sales Footprint
            17.1.3.5. Strategy Overview
                17.1.3.5.1. Marketing Strategy
                17.1.3.5.2. Product Strategy
                17.1.3.5.3. Channel Strategy
        17.1.4. Amcor Plc
            17.1.4.1. Overview
            17.1.4.2. Product Portfolio
            17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.4.4. Sales Footprint
            17.1.4.5. Strategy Overview
                17.1.4.5.1. Marketing Strategy
                17.1.4.5.2. Product Strategy
                17.1.4.5.3. Channel Strategy
        17.1.5. LG Chem and ADM (JV)
            17.1.5.1. Overview
            17.1.5.2. Product Portfolio
            17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.5.4. Sales Footprint
            17.1.5.5. Strategy Overview
                17.1.5.5.1. Marketing Strategy
                17.1.5.5.2. Product Strategy
                17.1.5.5.3. Channel Strategy
        17.1.6. Evonik Industries AG
            17.1.6.1. Overview
            17.1.6.2. Product Portfolio
            17.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.6.4. Sales Footprint
            17.1.6.5. Strategy Overview
                17.1.6.5.1. Marketing Strategy
                17.1.6.5.2. Product Strategy
                17.1.6.5.3. Channel Strategy
        17.1.7. Total-Corbion PLA
            17.1.7.1. Overview
            17.1.7.2. Product Portfolio
            17.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.7.4. Sales Footprint
            17.1.7.5. Strategy Overview
                17.1.7.5.1. Marketing Strategy
                17.1.7.5.2. Product Strategy
                17.1.7.5.3. Channel Strategy
        17.1.8. Henan Jindan Lactic Acid Co. Ltd.
            17.1.8.1. Overview
            17.1.8.2. Product Portfolio
            17.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.8.4. Sales Footprint
            17.1.8.5. Strategy Overview
                17.1.8.5.1. Marketing Strategy
                17.1.8.5.2. Product Strategy
                17.1.8.5.3. Channel Strategy
        17.1.9. Galactic 
            17.1.9.1. Overview
            17.1.9.2. Product Portfolio
            17.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.9.4. Sales Footprint
            17.1.9.5. Strategy Overview
                17.1.9.5.1. Marketing Strategy
                17.1.9.5.2. Product Strategy
                17.1.9.5.3. Channel Strategy
        17.1.10. Sulzer Chemtech
            17.1.10.1. Overview
            17.1.10.2. Product Portfolio
            17.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.10.4. Sales Footprint
            17.1.10.5. Strategy Overview
                17.1.10.5.1. Marketing Strategy
                17.1.10.5.2. Product Strategy
                17.1.10.5.3. Channel Strategy
        17.1.11. Unitika Ltd.
            17.1.11.1. Overview
            17.1.11.2. Product Portfolio
            17.1.11.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.11.4. Sales Footprint
            17.1.11.5. Strategy Overview
                17.1.11.5.1. Marketing Strategy
                17.1.11.5.2. Product Strategy
                17.1.11.5.3. Channel Strategy
        17.1.12. Hong Jun Bio-based Composite Technology Co., Ltd
            17.1.12.1. Overview
            17.1.12.2. Product Portfolio
            17.1.12.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.12.4. Sales Footprint
            17.1.12.5. Strategy Overview
                17.1.12.5.1. Marketing Strategy
                17.1.12.5.2. Product Strategy
                17.1.12.5.3. Channel Strategy
        17.1.13. Danimer Scientific
            17.1.13.1. Overview
            17.1.13.2. Product Portfolio
            17.1.13.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.13.4. Sales Footprint
            17.1.13.5. Strategy Overview
                17.1.13.5.1. Marketing Strategy
                17.1.13.5.2. Product Strategy
                17.1.13.5.3. Channel Strategy
        17.1.14. Futerro
            17.1.14.1. Overview
            17.1.14.2. Product Portfolio
            17.1.14.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.14.4. Sales Footprint
            17.1.14.5. Strategy Overview
                17.1.14.5.1. Marketing Strategy
                17.1.14.5.2. Product Strategy
                17.1.14.5.3. Channel Strategy
        17.1.15. Other Players (On Additional Requests)
            17.1.15.1. Overview
            17.1.15.2. Product Portfolio
            17.1.15.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
            17.1.15.4. Sales Footprint
            17.1.15.5. Strategy Overview
                17.1.15.5.1. Marketing Strategy
                17.1.15.5.2. Product Strategy
                17.1.15.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology

Explore Food and Beverage Insights

View Reports
Future Market Insights

Polylactic Acid Market

Schedule a Call