Polylactic Acid Market
Polylactic Acid Market - Global Industry Assessment & Forecast
Segments Covered
- By Grades Thermoforming Grade, Injection Molding Grade, Extrusion Grade, Blow Molding Grade, Other Grades
- By End-Use Industry Packaging Industry, Consumer Goods Industry, Agricultural Industry, Textile Industry, Medical Industry, Building & Construction Industry, Automotive Industry
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 1.5 Million |
Revenue 2030: | USD 3.5 Million |
Revenue CAGR (2023 - 2030): | 12.89% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Polylactic Acid Market Segment Analysis
- Polylactic Acid Grades Outlook (Revenue, USD Million, 2018 - 2030)
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Polylactic Acid End-Use Industry Outlook (Revenue, USD Million, 2018 - 2030)
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
-
North America Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- U.S.
- U.S. Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- U.S. Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- U.S. Polylactic Acid Market, by Grades
- Canada
- Canada Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Canada Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Canada Polylactic Acid Market, by Grades
-
Mexico
- Mexico Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Mexico Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Mexico Polylactic Acid Market, by Grades
-
North America Polylactic Acid Market, by Grades
- Europe
-
Europe Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
-
Europe Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- U. K.
- U.K. Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- U.K. Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- U.K. Polylactic Acid Market, by Grades
- France
- France Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- France Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- France Polylactic Acid Market, by Grades
-
Germany
- Germany Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Germany Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Germany Polylactic Acid Market, by Grades
-
Italy
- Italy Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Italy Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Italy Polylactic Acid Market, by Grades
-
Spain
- Spain Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Spain Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Spain Polylactic Acid Market, by Grades
-
Rest of Europe
- Rest of Europe Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Rest of Europe Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Rest of Europe Polylactic Acid Market, by Grades
-
Europe Polylactic Acid Market, by Grades
- Asia Pacific
-
Asia Pacific Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
-
Asia Pacific Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- China
- China Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- China Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- China Polylactic Acid Market, by Grades
- Japan
- Japan Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Japan Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Japan Polylactic Acid Market, by Grades
-
Germany
- Germany Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Germany Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Germany Polylactic Acid Market, by Grades
-
India
- India Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- India Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- India Polylactic Acid Market, by Grades
-
South Korea
- South Korea Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- South Korea Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- South Korea Polylactic Acid Market, by Grades
-
South East Asia
- South East Asia Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- South East Asia Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- South East Asia Polylactic Acid Market, by Grades
-
Rest of Asia Pacific
- Rest of Asia Pacific Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Rest of Asia Pacific Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Rest of Asia Pacific Polylactic Acid Market, by Grades
-
Asia Pacific Polylactic Acid Market, by Grades
- Latin America
-
Latin America Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
-
Latin America Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Brazil
- Brazil Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Brazil Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Brazil Polylactic Acid Market, by Grades
- Argentina
- Argentina Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Argentina Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Argentina Polylactic Acid Market, by Grades
-
Rest of Latin America
- Rest of Latin America Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Rest of Latin America Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Rest of Latin America Polylactic Acid Market, by Grades
-
Latin America Polylactic Acid Market, by Grades
- Middle East & Africa
-
Middle East & Africa Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
-
Middle East & Africa Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- GCC Countries
- GCC Countries Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- GCC Countries Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- GCC Countries Polylactic Acid Market, by Grades
- South Africa
- South Africa Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- South Africa Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- South Africa Polylactic Acid Market, by Grades
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Polylactic Acid Market, by Grades
- Thermoforming Grade
- Injection Molding Grade
- Extrusion Grade
- Blow Molding Grade
- Other Grades
- Rest of Middle East & Africa Polylactic Acid Market, by End-Use Industry
- Packaging Industry
- Consumer Goods Industry
- Agricultural Industry
- Textile Industry
- Medical Industry
- Building & Construction Industry
- Automotive Industry
- Rest of Middle East & Africa Polylactic Acid Market, by Grades
-
Middle East & Africa Polylactic Acid Market, by Grades
- North America
FAQ
Frequently Asked Question
What is the global demand for Polylactic Acid in terms of revenue?
-
The global Polylactic Acid valued at USD 1.5 Million in 2022 and is expected to reach USD 3.5 Million in 2030 growing at a CAGR of 12.89%.
Which are the prominent players in the market?
-
The prominent players in the market are NatureWorks LLC (U.S.), Total Corbion PLA (Netherlands), BASF SE (Germany), Futerro (Belgium), Cofco (China), Mitsubishi Chemicals Corporation (Japan), Danimer Scientific (U.S.), Unitika Ltd. (Japan), Evonik Industries (Germany), Toray Industries Inc (Japan).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 12.89% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Polylactic Acid include
- Changing consumer preference toward eco-friendly plastic products
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Polylactic Acid in 2022.