The Global Polylactic Acid Market is forecast to grow from $2.5 billion in 2021 to $3.9 billion by 2028, at a CAGR of 8%. Growing demand for biodegradable plastics as alternatives in the food and beverage packaging industry is anticipated to drive market growth over the forecast period. The increasing use of plasticized PLA containers instead of conventional PET containers for long-term product storage, such as jam or mayonnaise will also boost demand.
Polylactic acid (PLA) is an organic polyester derived from renewable resources like corn starch or sugar cane. It can be produced from lactic acid through the bacterial fermentation process with high efficiency and at low cost - making it a potentially sustainable alternative to petrochemical-based plastics in the food & beverage packaging market.
It offers a number of benefits over its predecessors such as better barrier properties, which are important for shelf-life preservation and safety; higher heat resistance, conferring durability to plastics used in microwaves or refrigerators, and excellent chemical compatibility with many substances while being compostable.
On the basis of Types, the market is segmented as Poly(L-lactic)acid, Poly(D-lactic) Acid, and Poly(DL-lactic) Acid.
Poly(L-lactic) Acid is a thermoplastic polymer that can be molded and shaped into the desired form. It has low melting points, so it can melt once heated up in order to reshape or mold the Poly(L-lactic) acid. This makes it more pliable than plastics such as polyethylene terephthalate (PET), polypropylene (PP), or PVC, for example. The reason why this plastic is preferable to others because of its high stiffness at room temperature and chemical stability.
Poly(D-lactic) acid is a type of polyester. Polyesters are aliphatic organic compounds that can be used in plastics and other materials to produce sustainable, biodegradable alternatives to petroleum-based plastics.
Poly(D-lactic) acid is an important component in the production of PLA (polylactic acid), which has been identified as one of the most promising bioplastics for future use because it does not require fossil fuels as many conventional plastic products do. In addition, its manufacturing process uses only renewable energy resources such as corn or sugar cane rather than oil, coal, or natural gas.
Poly(DL-lactic) Acid can bed defined as polymers that are synthesized by using poly(L-lactic acid) and D- or DL-lactide as the monomer. Poly(DL-lactic) Acid is usually manufactured from renewable resources such as corn starch, wood pulp, sugarcane molasses, etc. These raw materials can be easily obtained in sufficient quantities to meet the worldwide demand for polyesters on a sustainable basis.
Poly(DL-lactic) Acid is used mainly in food packaging applications due to its biodegradable nature and high barrier properties when compared with conventional plastics. It helps prevent spoilage of ingredients inside packages during storage while maintaining the shelf life of products.
On the basis of Applications, the market is segmented into Food & Beverage Packaging, Serviceware, Electronics & Appliances, Medical & Hygiene, and others. Among these applications, the market for Food & Beverage Packaging is the largest segment in terms of volume and value due to the high consumption of polymers among consumers.
Polylactic acid is used as a food packaging material to provide oxygen barrier, water vapor permeability, and cold storage. It is also used as a protective packaging material for high-value items in retail. The demand for polylactic acid will be driven by the need to use environmentally friendly materials that do not harm human health and good barrier properties against moisture, oxygen, light, and other gases
Polylactic acid can be used to manufacture disposable tableware and cutlery. Polylactic acid is a biodegradable material that reduces the environmental impact of disposing of these items after use, potentially reducing litter on beaches or in landfill sites when it oxidizes.
It also makes an affordable alternative for people that cannot afford many expensive plastics such as Teflon or polystyrene. The polymerization process does not produce any hazardous byproducts making this type of plastic safe for food contact. In addition, its properties make it useful for packaging materials where thermal resistance is needed (e.g., microwavable foods).
The electronic and appliance sector includes mobile phones, laptops, and televisions along with other gadgets that are made from polylactic acid or have a polymer plastic body that has been manufactured by using this biodegradable type of polyester.
Polylactic acid is used in the medical and hygiene industry, which includes surgical sponge implants. Surgical sponges are polyester-based products that can be made from a variety of materials for different uses. They’re disposable, easy to clean with soap and water after use, less expensive than some alternatives such as cotton balls or gauze and they come sterile right out of the package.
On the basis of Region, the market is segmented into Europe, North America, Asia Pacific, and the Rest of the World. The Asia Pacific will show significant growth owing to its expanding food & beverage industry coupled with increasing disposable income and population.
In North America, the market is anticipated to witness an exponential growth rate during the forecast period. This can be attributed to minimal regulations in this region for Polylactic Acid products which are likely to drive demand over the coming years.
Middle East & Africa are also exhibiting phenomenal economic development as well as rapid urbanization that leads it among one of the fastest-growing regions globally. It has thus become imperative for polyester manufacturers from across the globe to focus on these markets for expansion plans.
Increasing demand for biodegradable plastics is expected to drive the global polylactic acid market. The increasing population, coupled with a growing need for sustainable packaging solutions will increase the consumption of plastic in every sector. Biodegradable plastics will be preferred over conventional ones as their disposal process does not harm the environment and they are composted easily by microorganisms which leads to biofuel production or soil amendment.
Polylactic acid (PLA) can also be found in various other sectors such as medical & hygiene products, electrical appliances, and machinery parts. These factors combined with its versatility make it an attractive option when compared to other available materials like petroleum that cannot be recycled without incurring energy cost or has limited availability issues because natural resources are being depleted.
Up Market Research published a new report titled “Polylactic Market research report which is segmented by Types (Poly(L-lactic)acid, Poly(D-lactic)acid, Poly(DL-lactic)acid), By Applications (Food & Beverage Packaging, Serviceware, Electronics & Appliances, Medical & Hygiene, Other), By Players/Companies NatureWorks, Synbra Technology, Teijin, Toray, Futerro, Toyobo, Sulzer, Uhde Inventa-Fischer, Hisun Biomaterials, Shanghai Tongjieliang, Jiuding Biological Engineering, Shenzhen Esun Industrial”.
|Report Attributes||Report Details|
|Report Title||Polylactic Market Research Report|
|By Type||Poly(L-lactic)acid, Poly(D-lactic)acid, Poly(DL-lactic)acid|
|By Application||Food & Beverage Packaging, Serviceware, Electronics & Appliances, Medical & Hygiene, Other|
|By Companies||NatureWorks, Synbra Technology, Teijin, Toray, Futerro, Toyobo, Sulzer, Uhde Inventa-Fischer, Hisun Biomaterials, Shanghai Tongjieliang, Jiuding Biological Engineering, Shenzhen Esun Industrial|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||246|
|Number of Tables & Figures||173|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Poly(L-lactic)acid, Poly(D-lactic)acid, Poly(DL-lactic)acid and By Application Food & Beverage Packaging, Serviceware, Electronics & Appliances, Medical & Hygiene, Other.
Some of the companies that are profiled in this report are:
Polylactic Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Polylactic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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