Request Sample Inquiry
Polylactic Acid Market

Polylactic Acid Market

Polylactic Acid Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Jun - 2022



Report Code:


Segments Covered
  • By Grades Thermoforming Grade, Injection Molding Grade, Extrusion Grade, Blow Molding Grade, Other Grades
  • By Applications Rigid Thermoforms, Films & Sheets, Bottles, Others
  • By End-Use Industry Packaging, Consumer Goods, Agricultural, Textile, Biomedical, Other End Use Industries
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 925.1 Million
Revenue 2028Revenue 2028: USD 1334.7 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 6.3%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Global Polylactic Acid Market: Grades Segment Analysis

    • Thermoforming Grade
    • Injection Molding Grade
    • Extrusion Grade
    • Blow Molding Grade
    • Other Grades

Global Polylactic Acid Market: Applications Segment Analysis

    • Rigid Thermoforms
    • Films & Sheets
    • Bottles
    • Others

Global Polylactic Acid Market: End-Use Industry Segment Analysis

    • Packaging
    • Consumer Goods
    • Agricultural
    • Textile
    • Biomedical
    • Other End Use Industries

Global Polylactic Acid Market: Region Segment Analysis

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
Polylactic Acid Market to Reach Valuation of USD 1334.7 Million by 2028 – Growing Demand for Bioplastics and Increasing Demand from the Packaging Industry Drives the Market
In terms of revenue, the Global Polylactic Acid Market is expected to reach USD 1334.7 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.3% from 2022 to 2028. Growing demand for bioplastics and increasing demand from the packaging industry are anticipated to augment the growth ...
Frequently Asked Question
  • The global Polylactic Acid valued at USD 925.1 Million in 2020 and is expected to reach USD 1334.7 Million in 2028 growing at a CAGR of 6.3%.

  • The prominent players in the market are NatureWorks LLC (US), Total Corbion PLA (Netherlands), BASF SE (Germany), Futerro (Belgium), Cofco (China), Mitsubishi Chemicals Corporation (Japan), Danimer Scientific (US), Unitika Ltd. (Japan), Evonik Industries (Germany), Toray Industries Inc (Japan).

  • The market is project to grow at a CAGR of 6.3% between 2021 and 2028.

  • The driving factors of the Polylactic Acid include

    • Changing consumer preference toward eco-friendly plastic products

  • North America was the leading regional segment of the Polylactic Acid in 2020.

Related Reports