Polylactic acid (PLA) is a biodegradable material with rigidity and clarity similar to polystyrene (PS) or polyethylene terephthalate (PET) and is used in applications such as packaging, catering, agriculture, automobiles etc. PLA is one of the best products in emerging bioplastic market because of its availability specifically in regions where there is more demand such as the US, Europe, China, Japan and Thailand. Natural polymers, biopolymers, and synthetic polymers based on renewable resources are the basis for the twenty-first century portfolio of sustainable, eco-efficient plastics. These materials will replace petroleum-based polymers such as HDPE, PET, PPetc., which are used in similar applications.
PLA is relatively new and emerging market. Developed countries such as the US and Europe are the largest market for PLA; however, developing Asian nations such as China and Thailand are also becoming lucrative destinations for the PLA market. Raw material availability, infrastructure development, favorable government policies and awareness of environmental benefits of PLA are the major drivers for the PLA market in different geographies.
PLA has wide range of applications such as packaging, agriculture, catering, automobile, electronics, 3d printing, medical implants and construction materials.
1. Natureworks Llc
3. Zhejiang Hisun Biomaterials Co., Ltd.
7. Mitubishi holding corporation
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This Occams Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2022
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. Deep profiles top competitive companies
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Chap 1. Chap 1. Polylactic Acid Market Overview
1.1. What Is Polylactic Acid (PLA)?
1.2. Value Chain Analysis Of The PLA Market
1.2.1. Raw Material Producers
1.2.2. Raw Material Suppliers
1.2.5. Plastic Converters (Consumers)
1.3. Key Buying Criteria
Chap 2. Key Motivators Of PLA Market
2.1. Favorable Government Policies Are Driving The Market
2.2. Renewable Raw Materials And Availability Of Raw Materials
2.3. Rising Petroleum Prices Driving PLA Raw Materials
2.4. New Technology Enabled PLA Competes With Traditional Polymers
2.5. End Of Life Applications
2.5.2. Feedstock Recycling
2.5.4. Near-Infrared (Nir)
2.5.5. Black Light Illumination
Chap 3. Key Factors Restricting The Growth Of PLA Market
3.1. Using Edible Raw Material Remains A Social Issue
3.2. PLA Is Only Compostable In Industrial Composting Facilities
3.2.1. Feedstock Being Used For Other Applications
3.3. Competitive Market
3.3.1. Big Companies Are Quitting PLA Market
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