Polylactic Acid Market is Expected to Reach $5.2 Billion Globally by 2020,
According to Allied Market Research
PORTLAND, Oregon, November 25, 2013
PORTLAND, Oregon, November 25, 2013 /PRNewswire/ --
Allied Market Research ( http://www.alliedmarketresearch.com ) today announced
its comprehensive and strategically analyzed market intelligence report titled
- " Polylactic Acid (PLA) Market in Packaging, Textile, Agriculture,
Transportation, Bio-Medical, Electronics and Others - Global Industry Size,
Company Share, Growth, Trends, Strategic Analysis and Forecast, 2012 - 2020 ".
According to the research report, the global Polylactic Acid (PLA) market is
expected to reach $5.2 billion by 2020 growing at a CAGR of 19.5% from 2013 to
2020. Asia Pacific will be the fastest growing market at a CAGR of 21.6%
during this period whereas Europe will maintain its lead in terms of revenue
till 2020, despite having a comparatively slower growth.
Get full access of the report at
"Governments across the globe have been instrumental in imposing ban on the
use of fossil fuel-based products such as plastic bags and are also providing
incentives for bio-based PLA production. Moreover, the rising petrochemical
prices in association with growing awareness for environment safety have been
the prime contributors towards the growth of Polylactic Acid market" state AMR
analysts Sarah Clark and Ranjan Singh. "The ongoing research on reinforcement
of PLA with other materials would bring opportunities for PLA with much
improved products in future." add the analysts.
Low-cost and easy availability of raw materials are key factors that are
contributing to the cost-effectiveness of PLA. The production costs are
however, expected to further reduce with research focused on identifying
alternative sources of raw materials. On the contrary, certain restraining
factors too exist which will restrain the growth of PLA market. "Need for
industrial composting to completely degrade PLA, will act as an important
restraint" said Clark and Singh.
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The report analyzes the global polylactic acid market under categories namely
application and raw materials. The applications category, it is further
segmented as per the sector in which PLA is utilized to manufacture the final
product. These are Packaging, Textile (Woven and non-woven), Electronics,
Biomedical, Agriculture, and other such applications. Packaging has been the
largest application segment for PLA and will continue to hold lead position
during the forecast period; however, textiles and electronics will be adopting
PLA more rapidly. The raw materials analyzed in this report include, Corn,
Tapioca, Sugarcane and Wheat. Tapioca and sugarcane are the primary raw
materials used by PLA manufacturers all around the world.
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On the basis of geographical regions, the market has been segmented under
regions namely North America, Europe, Asia Pacific and rest of the world.
Plentiful feedstock from agriculture and strong government incentive programs
will increase opportunity for rise in production of PLA in Asia Pacific, which
will largely contribute to its faster market growth.
The study includes an in-depth analysis of the leading market players in the
market and provides detailed company profiles of the following leading
manufacturers of PLA - Nova Chemicals Corporation, Dow Chemical, Eastman
Chemical, Nature Works, DuPont Corporation, Bayer AG, Exxon Mobil Chemical,
Mitsubishi Chemical Corporation (MCC), China Petroleum & Chemical Corporation
Allied Market Research (AMR) is a full-service market research and business
consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied
Market Research provides global enterprises as well as medium and small
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and consulting to assist its clients to make strategic business decisions and
achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this
helps us in capturing most accurate market data and confirms utmost accuracy
of our market forecasts. Each and every data presented in the reports
published by us is also extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
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