Polylactic Acid Market to Reach USD 3,856.3 Million by 2034, Booming Demand for Biodegradable Solutions Propels Growth | Future Market Insights, Inc.

NEWARK, Del, Dec. 02, 2024 (GLOBE NEWSWIRE) -- The polylactic acid (PLA) , a biodegradable polymer derived from renewable resources like corn starch and sugarcane, is gaining prominence across diverse industries. Its versatility and eco-friendly properties make it an attractive alternative to conventional petroleum-based plastics.

The PLA market is experiencing robust growth due to heightened awareness of environmental sustainability and the push for stricter regulations on single-use plastics globally. Global Polylactic Acid Market to Surge from USD 1.27 Billion in 2024 to USD 3.



86 Billion by 2034, at an 11.8% CAGR The urgent need for an alternative to conventional plastic and eco-friendly packaging is expected to push growth in the global packaging sector, thereby driving the polylactic acid industry. The need for physical or chemical modification of polylactic acid to gain suitable properties for multiple intended applications is also anticipated to augur well for the global market.

The increasing use of polylactic acid in the electronics, textile, medical, tableware, automotive, packaging, and 3D printing industries is anticipated to skyrocket its demand in the assessment period. Polylactic acid is capable of offering various advantages such as the initiation of production processes by utilizing carbon dioxide. It also has numerous chemical properties and is thus extensively used as a raw material in a wide variety of applications.

Key players are nowadays aiming to opt for this acid as it has diverse functionalities such as non-toxicity and biodegradability. A few renowned companies are striving to use polylactic acid in the healthcare sector such as implants, screws, and stitching materials. The acid is also set to be utilized for the production of medical equipment and devices.

In the automotive sector, it is likely to be used in tires with starch-based materials for lowering overall fuel consumption. Request a Sample: https://www.fmisamplereport.

com/sample/rep-gb-16124 Demand Analysis The demand for Polylactic Acid is primarily driven by its wide-ranging applications and growing consumer inclination toward environmentally sustainable products. In the packaging sector, PLA is increasingly replacing traditional plastics due to its biodegradable properties. Similarly, the healthcare sector's adoption of PLA-based biocompatible materials for surgical implants and drug delivery systems is another contributing factor.

Rising disposable income, coupled with increased awareness of eco-friendly products in emerging economies, is expected to bolster market growth. Regulatory frameworks, including bans on non-biodegradable plastics, are further accelerating the shift toward PLA solutions. Increasing Demand for Biodegradable Plastics to Boost Sales by 2034 One of the important factors expected to support growth in the global polylactic acid market in the evaluation period is the increasing trend for bio-based, biodegradable plastics that are preferred by a wide range of end-use industries.

Over the last few years, companies in both developing and developed economies have increased their production of bioplastics. Growing demand for polylactic acid in the manufacturing of sutures and stents can also be attributed to medical advancements across the globe. Key Takeaways from Polylactic Acid Market Study: Market Size and Growth: The global PLA market will grow from USD 1,266.

5 million in 2024 to USD 3,856.3 million by 2034, with a CAGR of 11.8%.

Packaging Dominance: The packaging segment holds the largest market share, driven by demand for sustainable and biodegradable materials. Geographic Insights: North America leads the PLA market due to stringent environmental regulations and consumer preference for sustainable packaging . Asia-Pacific is emerging as a high-growth region due to expanding manufacturing industries and government initiatives promoting biodegradable materials.

Key Drivers: Rising environmental concerns, government policies banning single-use plastics, and increasing adoption of PLA in healthcare and automotive industries. Technological Advancements: Innovations in PLA production methods are reducing manufacturing costs, further boosting its adoption. “Rapid urbanization, coupled with increasing environmental concerns, has created a fertile ground for the adoption of sustainable alternatives like Polylactic Acid.

The market’s robust growth trajectory underscores its potential in reshaping industries reliant on biodegradable materials,” Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) Key Industry Highlights Sustainability Focus: The global push for sustainability has driven PLA adoption across multiple sectors, with packaging leading the charge. Government Regulations: Policies banning non-biodegradable plastics are reshaping the market dynamics, particularly in developed regions.

Emerging Applications: Increasing usage of PLA in 3D printing and biomedical applications is creating new revenue streams. Cost Challenges: While PLA offers numerous advantages, its high production cost compared to traditional plastics remains a challenge, emphasizing the need for further innovation. Country-wise Insights Why is the Demand for Polylactic Acid Growing Astonishingly in the USA? Sales of Polylactic Acid Products to Skyrocket in the USA Amid Rising Research and Development to Find New Application Areas The USA is considered to be one of the leading industries for polylactic acids.

As per FMI, North America is likely to generate a share of around 7.4% in the forecast period with an increasing number of research and development (Research and Development) activities across the USA for coming up with new application areas of polylactic acid. How Are China-based Polylactic Acid Manufacturers Progressing? Key Players in China to Look for Polylactic Acid Resins to Bring about Sustainability In the next ten years, Asia Pacific is expected to develop rapidly on the back of the rising inclination of consumers in China towards bio-based products.

With the ongoing advancement of technology, the involvement of leading market players has helped in creating more polylactic acid-based applications concerning the requirements of end users. Population growth, economic stability, innovations in the 3D printing industry, and surging demand for food products are anticipated to shape future demand for polylactic acid in the food and packaging industries. Also, significant leakage of packaging materials into the environment has surged dramatically in China, which has made companies look for sustainability in packaging.

Why is the UK Set to Become a Leading Polylactic Acid Producer? The emergence of the ‘Bio-Plastics Europe’ Project to Augment Demand for Polylactic Acid Biopolymers in the UK Due to the growing awareness and high preference for bio-based plastics in the UK, Europe is likely to create numerous growth opportunities for polylactic acid manufacturers. The Bio-Plastics Europe project, for instance, is formulating and executing sustainable solutions for bio-based plastic manufacturing and use in Europe to protect land & sea quality. Bioplastics are becoming more popular in the production of plastic bags in the UK since they are environmentally beneficial.

Government agencies in the country have also begun to use them, which would positively affect growth in the market. Competitive Landscape in the Polylactic Acid Market The Polylactic Acid market is characterized by intense competition and rapid technological advancements. Collaborations and partnerships across the value chain are becoming increasingly common to enhance production capabilities and expand market reach.

Smaller players and startups are also entering the market, driven by government incentives and the rising demand for sustainable alternatives. The competitive landscape is expected to remain dynamic, with innovation and sustainability at the forefront of strategic priorities. Leading Polylactic Acid Brands Toray Industries Inc Stora Enso Oyj.

Amcor Plc LG Chem and ADM (JV) Evonik Industries AG Total-Corbion PLA Henan Jindan Lactic Acid Co. Ltd. NatureWorks LLC Galactic Sulzer Chemtech WeforYou Hong Jun Bio-based Composite Technology Co.

, Ltd Danimer Scientific Futerro Evonik Industries- RESOMER® Recent Developments NatureWorks LLC Expansion: NatureWorks announced the expansion of its Ingeo PLA production capacity to meet growing global demand, particularly in the packaging and healthcare sectors. TotalEnergies Corbion Collaboration: TotalEnergies Corbion entered a partnership with packaging companies to develop fully compostable PLA packaging solutions. BASF SE R&D Investment: BASF SE is investing significantly in R&D to develop cost-efficient PLA production technologies, focusing on reducing its carbon footprint.

Emerging Market Penetration: Several companies are exploring untapped markets in Asia and Latin America, leveraging the growing demand for biodegradable solutions in these regions. Regional Analysis: Polylactic Acid Market The table below summarizes the projected revenue and growth rates for the Polylactic Acid market in key countries by 2034. Key Segments of the Report By Product Type: This segment is further categorized into films, sheets, coatings, and fibres.

By End Use: This segment is further categorized into packaging (food industry, durable packaging [disposable tableware (cups, trays, clamshells, plates & bowls/cutlery, straw), bags & pouches, compost bags]), biomedical, and 3D printing. By Region: Industry analysis has been carried out in key countries of North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, Central Asia, Balkan and Baltic Countries, Russia & Belarus and the Middle East & Africa. Old Source: https://www.

globenewswire.com/news-release/2022/12/29/2580787/0/en/Polylactic-Acid-Market-to-Surpass-US-3-1-Bn-by-2032-Amid-Burgeoning-Demand-for-Sutures-and-Stents-in-Healthcare-Sector-Future-Market-Insights-Inc.html French Translation L' acide polylactique (PLA) , un polymère biodégradable dérivé de ressources renouvelables comme l'amidon de maïs et la canne à sucre, gagne en importance dans diverses industries.

Sa polyvalence et ses propriétés écologiques en font une alternative intéressante aux plastiques conventionnels à base de pétrole. Le marché du PLA connaît une forte croissance en raison d'une sensibilisation accrue à la durabilité environnementale et de la pression en faveur de réglementations plus strictes sur les plastiques à usage unique à l'échelle mondiale. Avec des applications dans les secteurs de l'emballage, de l'agriculture, de la médecine et de l'automobile, la demande de PLA devrait augmenter considérablement au cours de la prochaine décennie.

Les principaux acteurs du marché se concentrent sur les avancées technologiques et les innovations de produits pour répondre à la demande croissante de solutions biodégradables. Analyse de la demande La demande en acide polylactique est principalement motivée par ses nombreuses applications et par la volonté croissante des consommateurs de privilégier des produits respectueux de l'environnement. Dans le secteur de l'emballage, le PLA remplace de plus en plus les plastiques traditionnels en raison de ses propriétés biodégradables.

De même, l'adoption par le secteur de la santé de matériaux biocompatibles à base de PLA pour les implants chirurgicaux et les systèmes d'administration de médicaments est un autre facteur contributif. L’augmentation du revenu disponible, associée à une sensibilisation accrue aux produits respectueux de l’environnement dans les économies émergentes, devrait stimuler la croissance du marché. Les cadres réglementaires, notamment l’interdiction des plastiques non biodégradables, accélèrent encore davantage la transition vers les solutions PLA.

« L’urbanisation rapide, associée à des préoccupations environnementales croissantes, a créé un terrain fertile pour l’adoption d’alternatives durables comme l’acide polylactique. La trajectoire de croissance robuste du marché souligne son potentiel de remodelage des industries dépendantes des matériaux biodégradables », a déclaré Nandini Roy Choudhury(partenaire client pour l’alimentation et les boissons chez Future Market Insights, Inc.) Principaux points à retenir de l’étude de marché sur l’acide polylactique : Taille et croissance du marché : Le marché mondial du PLA passera de 1 266,5 millions USD en 2024 à 3 856,3 millions USD en 2034, avec un TCAC de 11,8 %.

Dominance de l’emballage : Le segment de l’emballage détient la plus grande part de marché, stimulé par la demande de matériaux durables et biodégradables. Informations géographiques : L'Amérique du Nord domine le marché du PLA en raison de réglementations environnementales strictes et de la préférence des consommateurs pour les emballages durables . L'Asie-Pacifique émerge comme une région à forte croissance en raison de l'expansion des industries manufacturières et des initiatives gouvernementales favorisant les matériaux biodégradables.

Principaux facteurs : préoccupations environnementales croissantes, politiques gouvernementales interdisant les plastiques à usage unique et adoption croissante du PLA dans les secteurs de la santé et de l’automobile. Progrès technologiques : les innovations dans les méthodes de production de PLA réduisent les coûts de fabrication, stimulant encore son adoption. Principaux faits marquants de l’industrie Focus sur la durabilité : La poussée mondiale en faveur de la durabilité a favorisé l’adoption du PLA dans de nombreux secteurs, l’emballage étant en tête.

Réglementations gouvernementales : les politiques interdisant les plastiques non biodégradables remodèlent la dynamique du marché, en particulier dans les régions développées. Applications émergentes : l’utilisation croissante du PLA dans l’impression 3D et les applications biomédicales crée de nouvelles sources de revenus. Défis de coût : Bien que le PLA offre de nombreux avantages, son coût de production élevé par rapport aux plastiques traditionnels reste un défi, soulignant la nécessité d'innover davantage.

Paysage concurrentiel sur le marché de l'acide polylactique Le marché de l'acide polylactique se caractérise par une concurrence intense et des avancées technologiques rapides. Les collaborations et partenariats tout au long de la chaîne de valeur deviennent de plus en plus courants pour améliorer les capacités de production et étendre la portée du marché. Les petits acteurs et les startups entrent également sur le marché, poussés par les mesures incitatives gouvernementales et la demande croissante d’alternatives durables.

Le paysage concurrentiel devrait rester dynamique, l’innovation et la durabilité étant au premier plan des priorités stratégiques. Les principales marques d'acide polylactique Toray Industries Inc Stora Enso Oyj. Amcor plc LG Chem et ADM (coentreprise) Evonik Industries AG PLA Total-Corbion Henan Jindan Acide Lactique Co.

Ltd. NatureWorks LLC Galactique Sulzer Chemtech Nous pour vous Hong Jun Bio-based Composite Technology Co., Ltd Danimer Scientifique Avenir Evonik Industries - RESOMER® Développements récents Expansion de NatureWorks LLC : NatureWorks a annoncé l'expansion de sa capacité de production d'Ingeo PLA pour répondre à la demande mondiale croissante, notamment dans les secteurs de l'emballage et de la santé.

Collaboration TotalEnergies Corbion : TotalEnergies Corbion a conclu un partenariat avec des sociétés d'emballage pour développer des solutions d'emballage en PLA entièrement compostables. Investissement en R&D de BASF SE : BASF SE investit massivement en R&D pour développer des technologies de production de PLA rentables, en se concentrant sur la réduction de son empreinte carbone. Pénétration des marchés émergents : plusieurs entreprises explorent des marchés inexploités en Asie et en Amérique latine, tirant parti de la demande croissante de solutions biodégradables dans ces régions.

Analyse régionale : Marché de l'acide polylactique Le tableau ci-dessous résume les revenus projetés et les taux de croissance du marché de l’acide polylactique dans les principaux pays d’ici 2034. Principaux segments du rapport Par type de produit : Ce segment est ensuite subdivisé en films, feuilles, revêtements et fibres. Par utilisation finale : Ce segment est ensuite subdivisé en emballage (industrie alimentaire, emballage durable [vaisselle jetable (tasses, plateaux, coquilles, assiettes et bols/couverts, pailles), sacs et pochettes, sacs de compost]), biomédical et impression 3D.

Par région : Des analyses industrielles ont été réalisées dans des pays clés d’Amérique du Nord, d’Amérique latine, d’Europe de l’Est, d’Europe de l’Ouest, d’Asie de l’Est, d’Asie du Sud et du Pacifique, d’Asie centrale, des Balkans et des pays baltes, de Russie et de Biélorussie ainsi que du Moyen-Orient et d’Afrique. Authored by: Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience.

She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction.

Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India. Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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