Global Polylactic Acid (PLA) Market Expected To Expand At About 19.7% CAGR During Forecast Period

Global Polylactic Acid (PLA) market is slated to accrue revenue worth nearly 1.31 (USD Billion) by 2026 and record the CAGR of about 19.7% over the period from 2020 to 2026.

New York, United States - October 29, 2020 /MarketersMedia/ —

According to the analysts at Zion Market Research, the valuation of the global polylactic acid (PLA) market in 2019 was around USD 1.31 billion and is projected to expand at about 19.7% CAGR from 2020 to 2026. Few of the prominent players active in the global polylactic acid (PLA) market are Danimer Scientific, BASF SE, NatureWorks LLC, Futerro, Hitachi Ltd., Synbra Technology BV, Zhejiang Hisun Biomaterials Co., Ltd., Sulzer Ltd., and ThyssenKrupp AG.

Rising Use Of Polylactic Acid In Several Products Likely To Boost The Market Growth

There has been a rise in the use of polylactic acid in shampoos, creams, and body care products owing to its several traits, comprising improving skin lightening effects, cell renewal, and speeding up exfoliation. This is estimated to drive the growth of the global polylactic acid (PLA) market during the forecast period. Polylactic acid is biodegradable and is composed of renewable resources. It presents traits that are similar to or superior compared to petroleum-based plastics. During the coming period, its demand is expected to witness surge owing to inherent features like odor barrier and flavor. Further, the rising use of processed and packaged foods like ready-to-eat meals & frozen, cake mixes, and snack foods is expected to increase the need for flexible packaging solutions, thus propelling the packaging industry. Also, the rising use of polylactic acid in disposable cutlery and shopping bags is also projected to drive the growth of the market over the coming period.

Get Free Sample Report PDF @

Packaging Expected To Grab The Maximum Share Within The Global Market In Coming Period

The global polylactic acid (PLA) market is bifurcated based on application and region. Based on application, the market is divided into packaging, transport, agriculture, textiles, and electronics. Packaging is expected to be the segment with the biggest share in the global market. PLA is extensively utilized for manufacturing jars, bottles, labels, fresh food, and container packaging. PLA plastic bottles are disposable, durable, and have characteristics like gloss and transparency. It can be composted simply in comparison to petroleum-based products and doesn’t release toxic gases on burning. Thereby, its stipulation in this application area is projected to stay strong during the years to come.

North America Anticipated To Retain Its Dominance In Market During Forecast Period

Regionally, in 2018, the polylactic acid (PLA) market was dominated by North America and is projected to continue its supremacy during the forecast period as well. The market expansion in this region can be credited to the existence of prominent manufacturing firms in North America, comprising Nature Works LLC, Danimer Scientific LLC, Hitachi, Ltd., Total Corbion PLA, BASF SE, and Ralik. There has been growing use of biodegradable polymers, owing to its eco-friendly nature, in comparison to petroleum-based substitutes. This is expected to bring up new opportunities for PLA manufacturers during the coming period. Also, Asia Pacific is projected to witness growth at a rapid pace in the polylactic acid (PLA) market. The prominent firm manufacturing PLA in this region comprises Mitsubishi Chemical Holding Corporation, Innovia Films, Biobent Polymers, Dow Chemicals, and Zhejiang Hisun Biomaterials Co. Ltd.

The global polylactic acid (PLA) market is segmented as follows:

By Application


By Region

North America
The U.S.

The UK
Rest of Europe

Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Rest of Latin America

Middle East & Africa
South Africa
Rest of Middle East & Africa

Browse TOC of this Report @

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Info:
Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
Phone: +1-855-465-465

Source URL:

Source: MarketersMedia

Release ID: 88983314

Latest News

Madrid and Barcelona to arrive together for clásico

Nov 25, 2020

MADRID — Barcelona and Real Madrid will arrive together for the first clásico of the season amid security concerns in the Catalan capital. Spanish authorities have asked the teams to make their bus trips to the Camp Nou at the same time on Wednesday because thousands of Catalan separatists plan a protest near the stadium. The teams will also stay at the same hotel very close to the Camp Nou. More than 25,000 separatists are expected to protest around the stadium, and they could possibly carry out actions inside the venue as well, where nearly 100,000 fans are expected for...

Valencia rallies to beat Lille 4-1 in Champions League

Nov 25, 2020

VALENCIA, Spain — This time Valencia didn't miss its chance to join Chelsea and Ajax at the top of their Champions League group. With four goals in the last 25 minutes, the Spanish club came from behind and beat Lille 4-1 at home on Tuesday to reach seven points in the tight Group H. It is tied with Chelsea and Ajax, which drew 4-4 in a wild game in London. Last-place Lille, with one point, has no chance of advancing following the loss. Valencia also had an opportunity to reach the top in the previous round, but it conceded a...

Benzema leads Madrid to 5-0 win over Leganés

Nov 25, 2020

MADRID — Karim Benzema scored a penalty and set up two more goals to lead Real Madrid to 5-0 victory over Leganés and move into second place in the Spanish league on Wednesday. Madrid climbed to within one point of defending champion Barcelona. The two fierce rivals both have a game to play against each other after last round's "clásico" was postponed until Dec. 18. Granada, now in third place, can move to the top of the table if it beats Getafe on Thursday. Benzema assisted 18-year-old Rodrygo and Toni Kroos for goals in the sixth and eighth minutes. Serio...

Valencia concedes late in 1-1 draw against last-place Lille

Nov 25, 2020

LILLE, France — Valencia conceded a stoppage-time equalizer in a 1-1 draw against last-place Lille on Wednesday to miss an opportunity to move into a three-way tie at the top of Group H in the Champions League. Denis Cheryshev put Valencia ahead in the 63rd minute after a pass by Kevin Gameiro following a fast breakaway by the Spanish club, but substitute Jonathan Ikoné equalized for the hosts with a shot from inside the area in the fifth minute of injury time. A win would have left Valencia with six points, tied with Chelsea and Ajax after three matches, but...

The Latest: Soccer club Barcelona bemoans prison sentences

Nov 25, 2020

MADRID — The Latest on the trial of Catalan politicians and activists over their independence (all times local): 12:55 p.m. Soccer club Barcelona has criticized the Spanish Supreme Court's conviction of 12 Catalan politicians and activists for their role in a 2017 secession attempt, saying "prison is not the solution." The Catalan club said in a statement that the resolution of the independence debate in Catalonia must come "exclusively from political dialogue." It called on "political leaders to lead a process of dialogue and negotiation," and pave the way for the prisoners' release. Barcelona is one of Catalonia's most cherished...

About Us

The Score Daily brings to you the up-to-date record of your favorite sports team. Whether it is soccer, football, basketball, tennis, or rugby - you can get all the latest news update right here as we’ve got you covered.

Contact us: sales[at]

Subscribe Now!