iCrowdNewswire Jan 21, 2021 7:38 AM ET
The market for polylactic acid (PLA), a bioplastic, is experiencing rapid growth attributed to its widespread application in packaging, textile, transport, agriculture, medical, and electronics, among others. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the growth of the market.
Market Size – USD 1,504.0 Million in 2019, Market Growth – CAGR of 18.5%, Market Trends –Growing preference for bio-plastics
The increasing demand for polylactic acid (PLA) in the packaging sector is one of the significant factors influencing the market growth.
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In market segmentation by manufacturers, the report covers the following companies-
Teijin Ltd., Thyssenkrupp AG, Synbra Technology BV, Hitachi Ltd., BASF SE, Futerro, Sulzer Ltd., NatureWorks LLC, Zheijiang Hisun Biomaterials Co., Ltd., and Total Corbion PLA, among others.
The research study gives a comprehensive analysis of the market with the help of several analytical tools and helps identify and capitalize on the growth prospects existing in the Polylactic Acid Market. It also offers accurate insights into the prevalent business strategies.
The report provides an in-depth study of the product, application, and regional segments of the global nano- and micro-satellite industry. As part of the regional analysis, the report includes an assessment of the leading regions of North America, Europe, India, China, and the EMEA.
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Racemic PLLA (Poly-L-lactic Acid)
- Regular PLLA (Poly-L-lactic Acid)
- PDLA (Poly-D-lactic Acid)
- PDLLA (Poly-DL-lactic Acid)
- Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
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The report offers three types of Polylactic Acids and uses analytical tools like Porter’s Five Forces analysis, SWOT analysis, and both qualitative and quantitative assessment of the market. It estimates the market size in the forecast duration by studying its value, volume, market share, growth rate, and other market essentials.
It gives extensive company profiles, wherein the analysts explain the expansion tactics adopted by market leaders, including both long- and short-term strategies, and other vital competitive factors of significant businesses in the global Polylactic Acid market.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Polylactic Acid (PLA) Market Segmentation & Impact Analysis
4.1. Polylactic Acid (PLA) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Increasing demand for polylactic acid in the packaging sector
184.108.40.206. Surging demand for bio-polylactic acid in additive manufacturing
220.127.116.11. Growing preference for bio-plastics
18.104.22.168. Supportive government initiatives
22.214.171.124. Increased investment in R&D
4.2.3. Market restraints analysis
126.96.36.199. Availability of substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Polylactic Acid (PLA) Market By Product Type Capacity Insights & Trends, Revenue (USD Million)
5.1. Product Type Dynamics & Market Share, 2019 & 2027
5.1.1. Racemic PLLA (Poly-L-lactic Acid)
5.1.2. Regular PLLA (Poly-L-lactic Acid)
5.1.3. PDLA (Poly-D-lactic Acid)
5.1.4. PDLLA (Poly-DL-lactic Acid)
Chapter 6. Polylactic Acid (PLA) Market By Distribution Channel Insights & Trends Revenue (USD Million)
6.1. Distribution Channel Dynamics & Market Share, 2019 & 2027
Chapter 7. Polylactic Acid (PLA) Market By Application Insights & Trends Revenue (USD Million)
7.1. Application Dynamics & Market Share, 2019 & 2027
To Be Continued…!
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