On 2024-9-30 Global Info Research released【Global Polylactic Acid Bioplastic Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the Polylactic Acid Bioplastic industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Polylactic Acid Bioplastic.
Polylactic Acid, also called PLA，is a bioplastic derived from renewable plant sources, such as starch and sugar.
The global Polylactic Acid Bioplastic market size is expected to reach $ 1478 million by 2030, rising at a market growth of 3.5% CAGR during the forecast period (2024-2030).
The increasing global focus on sustainability, environmental regulations, and consumer preferences for eco-friendly products is a major driver for polylactic acid demand. polylactic acid is biodegradable, compostable, and derived from renewable sources (like corn starch or sugarcane), positioning it as an alternative to traditional petroleum-based polylactic acidstics. Many governments are introducing stringent regulations to reduce polylactic acidstic waste, promoting the use of biodegradable materials like polylactic acid. For instance, bans on single-use polylactic acidstics and incentives for using bio-based materials help fuel polylactic acid market growth.
The packaging industry is one of the largest consumers of polylactic acid due to its biodegradability and compostability. Food packaging, in particular, benefits from polylactic acid's properties, aligning with increasing consumer demand for sustainable packaging in retail and food service sectors.
Advancements in production technologies are lowering the costs and improving the mechanical properties of polylactic acid, making it competitive with conventional polylactic acidstics in various applications. Continuous R&D into enhanced polylactic acid blends and composites is expanding its use in more demanding applications.
Currently, the biggest technical barrier for the polylactic acid industry is the production of lactide. Impacted by the supply of lactide, Chinese polylactic acid manufacturers can't release production capacity quickly.
This report studies the global Polylactic Acid Bioplastic production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Polylactic Acid Bioplastic and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Polylactic Acid Bioplastic that contribute to its increasing demand across many markets.
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Market segment by Type： Injection Molding Grade、Film Grade、Sheet Grade、Fiber Grade
Market segment by Application：Tableware and Utensils、Food and Beverage Packaging、Electronics and Electrical Appliances、Medical Care、3D Printing Consumables、Other
Major players covered： NatureWorks、Total Corbion、BEWiSynbra、Toray、Futerro、Sulzer、Unitika、Zhejiang Hisun Biomaterials、Shanghai Tong-Jie-Liang、Anhui BBCA Biochemical、COFCO Biotechnology、PLIITH Biotechnology
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Polylactic Acid Bioplastic product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Polylactic Acid Bioplastic, with price, sales, revenue and global market share of Polylactic Acid Bioplastic from 2019 to 2024.
Chapter 3, the Polylactic Acid Bioplastic competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Polylactic Acid Bioplastic breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Polylactic Acid Bioplastic market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Polylactic Acid Bioplastic.
Chapter 14 and 15, to describe Polylactic Acid Bioplastic sales channel, distributors, customers, research findings and conclusion.
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