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Polylactic Acid Market Analysis – Global Industry Growth, Size, Share, Opportunities & Competitive Analysis, 2016 – 2028

The Global Polylactic Acid (PLA) Market generated revenue of around USD 823.1 million in 2021 and is anticipated to grow a CAGR of over 11.90% during the forecast period from 2022 to 2028 to reach around USD 1615.97 million in 2028. While, cumulative growth opportunity presented by the global Polylactic Acid (PLA) is around USD 792.87 million during 2022 to 2028.

The expansion of the market is primarily attributable to the rise in demand for Polylactic acid across sectors like packaging, textiles, and agriculture. The packaging industry is thriving as a result of the increased demand for snacks, packaged foods, ready-to-eat (RTE) meals, and other commodities. Due to the rapidly growing packaging industry, it is anticipated that PLA demand would rise over the projection period. The fact that polylactic acid emits fewer greenhouse gases than conventional polymers has also stimulated demand on a global scale. The market is expanding as a result of the rising demand for goods with flexible packaging. However, many end-user industries adjust their product pricing in response to rising raw material costs. Thus, the biggest problem is consumer boredom, which prevents growth. Due to its high cost, the majority of emerging nations on the global market cannot afford it, which restricts the industry’s growth.

The global Polylactic Acid (PLA) market is segmented into grades, application, end-use industries, and Geography. Based on grades, the market is segmented into Thermoforming grade, Blow molding grade, Injection molding grade, Extrusion grade, and Others. On the basis of application, the market is segmented into Rigid thermoforms, Bottles, Films & sheets, and Others. Based on end-use industries, the market is segmented into Packaging, Consumer goods, Agricultural, Textile, Biomedical and Others. On the basis of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.

Polylactic Acid (PLA) Market Scope

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The purpose of this strategic research study titled “Global Polylactic Acid (PLA) Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global polylactic acid market.

The report includes comprehensive analytics for North America, Europe, Asia-Pacific, and the rest of the world (RoW). Annual estimates and forecasts are provided for the years 2020 through 2028, and the market growth rate is calculated from 2021 to 2028. Primary and secondary research are used to generate market data and analytics. We considered the market’s demand side approach. Competitive analysis is primarily based on publicly available information, such as company URLs and annual reports.

Segmentation of Global Polylactic Acid (PLA) Market-

Global Polylactic Acid (PLA) Market – By Grades

Global Polylactic Acid (PLA) Market – By Applications

Global Polylactic Acid (PLA) Market – By End-Use Industries

Why to Buy This Report-

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1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

2.1. Market Snapshot: Global Polylactic Acid (PLA) Market

3. Market Dynamics & Factors Analysis

3.1.1. Global Polylactic Acid (PLA) Market Value, 2016-2028, (US$ Bn)

3.4. Porter’s Five Forces Analysis

3.4.2. Bargaining Power of Buyers/Consumers

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.4. Major Strategies Adopted by Key Players

5.1. Global Polylactic Acid (PLA) Market Pre Vs Post COVID 19, 2019 – 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6.1. North America Polylactic Acid (PLA) Market, by Country, 2016-2028(US$ Bn)

6.2. North America Polylactic Acid (PLA) Market, by Grade, 2016-2028(US$ Bn)

6.3. North America Polylactic Acid (PLA) Market, by Application, 2016-2028(US$ Bn)

6.4. North America Polylactic Acid (PLA) Market, by End-user, 2016-2028(US$ Bn)

FIG. 1 Global Polylactic Acid (PLA) Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Polylactic Acid (PLA) Market Segmentation

FIG. 4 Global Polylactic Acid (PLA) Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Polylactic Acid (PLA) Market, by Grade, 2019 (US$ Bn)

FIG. 6 Global Polylactic Acid (PLA) Market, by End-user, 2019 (US$ Bn)

FIG. 7 Global Polylactic Acid (PLA) Market, by Application, 2021 (US$ Bn)

FIG. 8 Global Polylactic Acid (PLA) Market, by Geography, 2021 (US$ Bn)

FIG. 9 Attractive Investment Proposition, by Geography, 2021

FIG. 10 Global Market Positioning of Key Polylactic Acid (PLA) Market Manufacturers, 2019

FIG. 11 Global Polylactic Acid (PLA) Market Value Contribution, By Application, 2021 & 2028 (Value %)

FIG. 12 Global Polylactic Acid (PLA) Market, by Rigid thermoforms, Value, 2016-2028 (US$ Bn)

FIG. 13 Global Polylactic Acid (PLA) Market, by Films & sheets, Value, 2016-2028 (US$ Bn)

FIG. 14 Global Polylactic Acid (PLA) Market, by Bottles, Value, 2016-2028 (US$ Bn)

FIG. 15 Global Polylactic Acid (PLA) Market Value Contribution, By Grade, 2021 & 2028 (Value %)

FIG. 16 Global Polylactic Acid (PLA) Market, by Thermoforming grade, 2016-2028 (US$ Bn)

FIG. 17 Global Polylactic Acid (PLA) Market, by Injection molding grade, Value, 2016-2028 (US$ Bn)

FIG. 18 Global Polylactic Acid (PLA) Market, by Extrusion grade, Value, 2016-2028 (US$ Bn)

FIG. 19 Global Polylactic Acid (PLA) Market, by Others, Value, 2016-2028 (US$ Bn)

FIG. 20 Global Polylactic Acid (PLA) Market Value Contribution, By End-user, 2021 & 2028 (Value %)

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