Polylactic Acid Market Research
Report- Forecast to 2023
Global polylactic acid or PLA demand is expected to remain moderate over the next couple of
years. Market Research Future (MRFR) projects that the global polylactic acid market will
witness a steady growth during the review period (2017-2023). The majority of the polylactic
acid produced is derived from renewable feedstock such as corn, wheat, sugarcane, tapioca roots
and starch. Production procedures may vary; however, polymerization and condensation remain
the two core techniques.
PLA find numerous industrial applications across textile, packaging, automobile, consumer
goods, electrical & electronics, among others. PLA demand is somewhat driven by rapid
urbanization, growth of the automotive industry and rising preference for biodegradable plastic.
Production of passenger cars is on the rise the number of new car owners grow in fast-
developing countries. Bio-based plastics are quickly gaining traction as an industrial material in
various industry verticals. Increased application of PLA in packaging is also supporting the
market growth. Moreover, stringent regulation and bans implemented by government bodies on
synthetic plastics is influencing the market for PLA. Rising level of awareness about the
ecological benefits of PLA is reflecting favorably on its sales. On the flipside, high cost of PLA
continues to have considerable impact on its penetration.
The DOW Chemical Company (U.S.), BASF SE (Germany), TEIJIN LIMITED. (Japan), Synbra
Technology bv (the Netherlands), Sulzer Ltd (Switzerland), Musashino Chemical Laboratory,
Ltd. (Japan), Corbion (the Netherlands), NatureWorks LLC (U.S.), Galactic (Belgium), and
Hitachi, Ltd. (Japan), are among the top companies covered in MRFR’s news.
MRFR’s report includes a thorough segmental analysis of the global polylactic acid market
based on application, type and region.
Based on application, the market has been seg