1. Market Research
  2. > Food
  3. > Dairy Products Market Trends
  4. > Lactic Acid And Poly Lactic Acid (PLA) Market Analysis By Application (Packaging, Agriculture, Transport, Electronics, Textiles) And Segment Forecasts To 2020

The global poly lactic acid (PLA) market is expected to reach USD 2,169.6 million by 2020. The global lactic acid market is expected to reach USD 4,312.2 million by 2020, fueled by growing PLA demand. Increasing bioplastics demand coupled with growing adoption of PLA for packaging products is expected to drive the market over the next six years. Favorable regulatory scenario for environmentally friendly products is also expected to give impetus to the global market over the forecast period.

Increasing crude oil prices are expected to drive PLA demand, since majority of plastics are manufactured using petroleum-based resources. PLA is compostable and environmentally friendly; therefore, it proves ideal for food packaging and other consumer products. Inferior performance of PLA products as compared to conventional plastics may pose a barrier to industry growth over the forecast period. Changing consumer preferences and increasing demand for personal care is expected to enhance lactic acid market penetration in skin care applications used for anti-acne, skin lightening and anti-aging products.

Further Key findings from the study suggest:

Global lactic acid demand was 714.2 kilo tons in 2013, which is expected to reach 1,960.1 kilo tons by 2020, growing at a CAGR of 15.5% from 2014 to 2020. Industrial applications are expected to be the largest and fastest growing segment over the forecast period; they accounted for 44.8% of the overall market in 2013, with an estimated CAGR of 19.3% from 2014 to 2020.

Global PLA demand was estimated to be 360.8 kilo tons in 2013, which is expected to reach 1,205.3 kilo tons by 2020, growing at a CAGR of 18.8% from 2014 to 2020. Packaging accounted for 59.6% of the overall PLA market in 2013, and is expected to remain the dominant application segment over the forecast period. Rigid packaging was the largest contributor to overall PLA demand in packaging in 2013. Textiles are expected to be the fastest growing segment, at a CAGR of 17.5% in terms of revenue from 2014 to 2020.

North America is expected to remain the largest market for lactic acid through the forecast period, and was valued at USD 444 million in 2013. Asia Pacific is expected to grow at the fastest rate of 19.5% in terms of revenue from 2014 to 2020. This region is also expected to be the fastest growing market for PLA at an estimated CAGR of 17.9% from 2014 to 2020.

Industry participants include NatureWorks LLC, Purac, Galactic, Pyramid Bioplastics (a collaboration of Pyramid Technologies and German Bioplastics), BASF, Synbra, etc. Companies operating in the market target product innovation as well as strategic alliances for gaining market share.

For the purpose of this study, Grand View Research has segmented the global lactic acid and PLA market on the basis of application and region:

- Lactic Acid Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 – 2020)
- Industrial
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Others
- PLA Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 – 2020)
- Packaging
- Agriculture
- Transport
- Electronics
- Textiles
- Others
- Lactic Acid and PLA Regional Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 – 2020)
- North America
- Europe
- Asia Pacific
- RoW

Table Of Contents

Lactic Acid And Poly Lactic Acid (PLA) Market Analysis By Application (Packaging, Agriculture, Transport, Electronics, Textiles) And Segment Forecasts To 2020
Table of Contents

Chapter 1 Executive Summary

1.1 Lactic Acid and Poly Lactic Acid (PLA) - Industry Summary and Critical Success Factors (CSFs)

Chapter 2 Lactic Acid and PLA Industry Outlook

2.1 Market Segmentation

2.2 Market Size and Growth Prospects

2.3 Value Chain Analysis

2.4 PLA Market Dynamics

2.4.1 Key Driver Analysis

2.4.1.1 Increasing demand for bioplastics

2.4.1.2 Increasing price of crude oil

2.4.1.3 Growing consumer preference towards green packaging

2.4.2 Key Restraint Analysis

2.4.2.1 Price competitiveness

2.4.2.2 Inferior performance compared to conventional plastics

2.5 Lactic Acid Market Dynamics

2.5.1 Key Driver Analysis

2.5.1.1 Growing demand from application segment

2.5.2 Key Restraint Analysis

2.5.2.1 Volatile raw material prices

2.6 Key Opportunities Prioritized

2.7 Industry Analysis - Porter's

2.8 Key Company Analysis, 2013

2.9 PESTEL Analysis

Chapter 3 Lactic Acid and PLA Application Outlook

3.1 PLA market volume share by application, 2013 and 2020

3.1.1 Packaging

3.1.1.1 PLA demand in packaging by region, (Kilo Tons) (USD Million), 2012 - 2020

3.1.2 Agriculture

3.1.2.1 PLA demand in agriculture by region, (Kilo Tons) (USD Million), 2012 - 2020

3.1.3 Transport

3.1.3.1 PLA demand in transport by region, (Kilo Tons) (USD Million), 2012 - 2020

3.1.4 Electronics

3.1.4.1 PLA demand in electronics by region, (Kilo Tons) (USD Million), 2012 - 2020

3.1.5 Textiles

3.1.5.1 PLA demand in textiles by region, (Kilo Tons) (USD Million), 2012 - 2020

3.1.6 Others

3.1.6.1 PLA demand in other applications by region, (Kilo Tons) (USD Million), 2012 - 2020

3.2 Lactic acid market volume share by application, 2013 and 2020

3.2.1 Industrial

3.2.1.1 Demand in industrial applications by region, (Kilo Tons) (USD Million), 2012 - 2020

3.2.2 Food and Beverage

3.2.2.1 Demand in food and beverage by region, (Kilo Tons) (USD Million), 2012 - 2020

3.2.3 Personal Care

3.2.3.1 Demand in personal care by region, (Kilo Tons) (USD Million), 2012 - 2020

3.2.4 Pharmaceuticals

3.2.4.1 Demand in pharmaceuticals by region, (Kilo Tons) (USD Million), 2012 - 2020

3.2.5 Others

3.2.5.1 Demand in other applications by region, (Kilo Tons) (USD Million), 2012 - 2020

Chapter 4 Lactic Acid and PLA Regional Outlook

4.1 North America

4.1.1 North America PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

4.1.2 North America lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

4.2 Europe

4.2.1 Europe PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

4.2.2 Europe lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

4.3 Asia Pacific

4.3.1 Asia Pacific PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

4.3.2 Asia Pacific lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

4.4 RoW

4.4.1 RoW PLA market by application, (Kilo Tons) (USD Million), 2012 - 2020

4.4.2 RoW lactic acid market by application, (Kilo Tons) (USD Million), 2012 - 2020

Chapter 5 Competitive Landscape

5.1 BASF

5.1.1 Company Overview

5.1.2 Financial Performance

5.1.3 Product Benchmarking

5.1.4 Strategic Initiatives

5.2 Danimer Scientific LLC

5.2.1 Company Overview

5.2.2 Financial Performance

5.2.3 Product Benchmarking

5.2.4 Strategic Initiatives

5.3 Futerro

5.3.1 Company Overview

5.3.2 Financial Performance

5.3.3 Product Benchmarking

5.3.4 Strategic Initiatives

5.4 Galactic

5.4.1 Company Overview

5.4.2 Financial Performance

5.4.3 Product Benchmarking

5.4.4 Strategic Initiatives

5.5 Henan Jindan Lactic Acid Technology Co. Ltd

5.5.1 Company Overview

5.5.2 Financial Performance

5.5.3 Product Benchmarking

5.5.4 Strategic Initiatives

5.6 Musashino Chemical (China) Co. Ltd

5.6.1 Company Overview

5.6.2 Financial Performance

5.6.3 Product Benchmarking

5.6.4 Strategic Initiatives

5.7 NatureWorks LLC

5.7.1 Company Overview

5.7.2 Financial Performance

5.7.3 Product Benchmarking

5.7.4 Strategic Initiatives

5.8 Purac

5.8.1 Company Overview

5.8.2 Financial Performance

5.8.3 Product Benchmarking

5.8.4 Strategic Initiatives

5.9 Synbra Technology BV

5.9.1 Company Overview

5.9.2 Financial Performance

5.9.3 Product Benchmarking

5.9.4 Strategic Initiatives

Chapter 6 Methodology and Scope

6.1 Research Methodology

6.2 Research Scope and Assumption

6.3 List of Data Sources


List of Tables

TABLE 1 Lactic Acid and Poly Lactic Acid (PLA) - Industry Summary and Critical Success Factors (CSFs)

TABLE 2 Global lactic acid market (Volume and Revenue), 2012 - 2020

TABLE 3 Global lactic acid market by region, (Kilo Tons), 2012 - 2020

TABLE 4 Global lactic acid market by region, (USD Million), 2012 - 2020

TABLE 5 Global lactic acid market by application, (Kilo Tons), 2012 - 2020

TABLE 6 Global lactic acid market by application (USD Million), 2012 - 2020

TABLE 7 Global PLA market (Volume and Revenue), 2012 - 2020

TABLE 8 Global PLA market by region (Kilo Tons), 2012 - 2020

TABLE 9 Global PLA market by region (USD Million), 2012 - 2020

TABLE 10 Global PLA market by application (Kilo Tons), 2012 - 2020

TABLE 11 Global PLA market by application (USD Million), 2012 - 2020

TABLE 12 Bioplastics Classification

TABLE 13 PLA - Competitive landscape

TABLE 14 Global PLA demand in packaging (Volume and Revenue), 2012 - 2020

TABLE 15 Global PLA demand in packaging by region (Kilo Tons), 2012 - 2020

TABLE 16 Global PLA demand in packaging by region, (USD Million), 2012 - 2020

TABLE 17 Global PLA demand in agriculture (Volume and Revenue), 2012 - 2020

TABLE 18 Global PLA demand in agriculture by region (Kilo Tons), 2012 - 2020

TABLE 19 Global PLA demand in agriculture by region (USD Million), 2012 - 2020

TABLE 20 Global PLA demand in transport (Volume and Revenue), 2012 - 2020

TABLE 21 Global PLA demand in transport by region (Kilo Tons), 2012 - 2020

TABLE 22 Global PLA demand in transport by region (USD Million), 2012 - 2020

TABLE 23 Global PLA demand in electronics (Volume and Revenue), 2012 - 2020

TABLE 24 Global PLA demand in electronics by region (Kilo Tons), 2012 - 2020

TABLE 25 Global PLA demand in electronics by region (USD Million), 2012 - 2020

TABLE 26 Global PLA demand in textiles (Volume and Revenue), 2012 - 2020

TABLE 27 Global PLA demand in textiles by region (Kilo Tons), 2012 - 2020

TABLE 28 Global PLA demand in textiles by region (USD Million), 2012 - 2020

TABLE 29 Global PLA demand in other applications (Volume and Revenue), 2012 - 2020

TABLE 30 Global PLA demand in other applications by region (Kilo Tons), 2012 - 2020

TABLE 31 Global PLA demand in other applications by region (USD Million), 2012 - 2020

TABLE 32 Global lactic acid demand in industrial applications (Volume and Revenue), 2012 - 2020

TABLE 33 Global lactic acid demand in industrial applications by region (Kilo Tons), 2012 - 2020

TABLE 34 Global lactic acid demand in industrial applications by region, (USD Million), 2012 - 2020

TABLE 35 Global lactic acid demand in food and beverage (Volume and Revenue), 2012 - 2020

TABLE 36 Global lactic acid demand in food and beverage by region (Kilo Tons), 2012 - 2020

TABLE 37 Global lactic acid demand in food and beverage by region (USD Million), 2012 - 2020

TABLE 38 Global lactic acid demand in pharmaceuticals (Volume and Revenue), 2012 - 2020

TABLE 39 Global lactic acid demand in pharmaceuticals by region (Kilo Tons), 2012 - 2020

TABLE 40 Global lactic acid demand in pharmaceuticals by region (USD Million), 2012 - 2020

TABLE 41 Global lactic acid demand in personal care (Volume and Revenue), 2012 - 2020

TABLE 42 Global lactic acid demand in personal care by region (Kilo Tons), 2012 - 2020

TABLE 43 Global lactic acid demand in personal care by region (USD Million), 2012 - 2020

TABLE 44 Global lactic acid demand in other applications (Volume and Revenue), 2012 - 2020

TABLE 45 Global lactic acid demand in other applications by region (Kilo Tons), 2012 - 2020

TABLE 46 Global lactic acid demand in other applications by region (USD Million), 2012 - 2020

TABLE 47 North America PLA market by application (Kilo Tons), 2012 - 2020

TABLE 48 North America PLA market by application (USD Million), 2012 - 2020

TABLE 49 Europe PLA market by application (Kilo Tons), 2012 - 2020

TABLE 50 Europe PLA market by application (USD Million), 2012 - 2020

TABLE 51 Asia Pacific PLA market by application (Kilo Tons), 2012 - 2020

TABLE 52 Asia Pacific PLA market by application (USD Million), 2012 - 2020

TABLE 53 RoW PLA market by application (Kilo Tons), 2012 - 2020

TABLE 54 RoW PLA market by application (USD Million), 2012 - 2020

TABLE 55 North America lactic acid market by application (Kilo Tons), 2012 - 2020

TABLE 56 North America lactic acid market by application (USD Million), 2012 - 2020

TABLE 57 Europe lactic acid market by application (Kilo Tons), 2012 - 2020

TABLE 58 Europe lactic acid market by application (USD Million), 2012 - 2020

TABLE 59 Asia Pacific lactic acid market by application (Kilo Tons), 2012 - 2020

TABLE 60 Asia Pacific lactic acid market by application (USD Million), 2012 - 2020

TABLE 61 RoW lactic acid market by application (Kilo Tons), 2012 - 2020

TABLE 62 RoW lactic acid market by application (USD Million), 2012 - 2020


List of Figures

FIG. 1 Lactic Acid and Poly Lactic Acid (PLA) Market Segmentation

FIG. 2 Global Lactic Acid Market (Volume and Revenue), 2012 - 2020

FIG. 3 Global PLA Market (Volume and Revenue), 2012 - 2020

FIG. 4 Value Chain Analysis

FIG. 5 PURAC's partnership model

FIG. 6 PLA Market Dynamics

FIG. 7 WTI crude oil prices, 2008-2012 (USD per barrel)

FIG. 8 Lactic Acid Market Dynamics

FIG. 9 Lactic Acid - Key Opportunities Prioritized

FIG. 10 PLA - Key Opportunities Prioritized

FIG. 11 PLA - Porter's Analysis

FIG. 12 PLA - Company Market Share Analysis, 2013

FIG. 13 PESTEL Analysis

FIG. 14 PLA market volume share by application, 2013 and 2020

FIG. 15 PLA plastics packaging market, by product, 2013

FIG. 16 Global PLA demand in packaging (Volume and Revenue), 2012 - 2020

FIG. 17 Global PLA demand in agriculture (Volume and Revenue), 2012 - 2020

FIG. 18 Global PLA demand in transport (Volume and Revenue), 2012 - 2020

FIG. 19 Global PLA demand in electronics (Volume and Revenue), 2012 - 2020

FIG. 20 Global PLA demand in textiles (Volume and Revenue), 2012 - 2020

FIG. 21 Global PLA demand in other applications (Volume and Revenue), 2012 - 2020

FIG. 22 Lactic acid market volume share by application, 2013 and 2020

FIG. 23 Global lactic acid demand in industrial applications (Volume and Revenue), 2012 - 2020

FIG. 24 Global lactic acid demand in food and beverage (Volume and Revenue), 2012 - 2020

FIG. 25 Global lactic acid demand in pharmaceuticals (Volume and Revenue), 2012 - 2020

FIG. 26 Global lactic acid demand in personal care (Volume and Revenue), 2012 - 2020

FIG. 27 Global lactic acid demand in other applications (Volume and Revenue), 2012 - 2020

FIG. 28 PLA market volume share by region, 2013 and 2020

FIG. 29 North America PLA market by application (Kilo Tons), 2012 - 2020

FIG. 30 North America PLA market by application (USD Million), 2012 - 2020

FIG. 31 Europe PLA market by application (Kilo Tons), 2012 - 2020

FIG. 32 Europe PLA market by application (USD Million), 2012 - 2020

FIG. 33 Asia Pacific PLA market by application (Kilo Tons), 2012 - 2020

FIG. 34 Asia Pacific PLA market by application (USD Million), 2012 - 2020

FIG. 35 RoW PLA market by application (Kilo Tons), 2012 - 2020

FIG. 36 RoW PLA market by application (USD Million), 2012 - 2020

FIG. 37 Lactic acid market volume share by region, 2013 and 2020

FIG. 38 North America lactic acid market by application (Kilo Tons), 2012 - 2020

FIG. 39 North America lactic acid market by application (USD Million), 2012 - 2020

FIG. 40 Europe lactic acid market by application (Kilo Tons), 2012 - 2020

FIG. 41 Europe lactic acid market by application (USD Million), 2012 - 2020

FIG. 42 Asia Pacific lactic acid market by application (Kilo Tons), 2012 - 2020

FIG. 43 Asia Pacific lactic acid market by application (USD Million), 2012 - 2020

FIG. 44 RoW lactic acid market by application (Kilo Tons), 2012 - 2020

FIG. 45 RoW lactic acid market by application (USD Million), 2012 - 2020

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Global Lactic Acid Analyzer Market Research Report 2016

Global Lactic Acid Analyzer Market Research Report 2016

  • $ 2850
  • Industry report
  • October 2016
  • by 9Dimen Research

2016 Global Lactic Acid Analyzer Industry Report is a professional and in-depth research report on the world's major regional market conditions of the Lactic Acid Analyzer industry, focusing on the main ...

2016 Rac. 2-Trifluoromethyl lactic acid (CAS 382-43-4) Industry Market Report

2016 Rac. 2-Trifluoromethyl lactic acid (CAS 382-43-4) Industry Market Report

  • $ 2800
  • Industry report
  • August 2016
  • by Prof Research

The 'Global and Chinese Rac. 2-Trifluoromethyl lactic acid Industry, 2011-2021 Market Research Report' is a professional and in-depth study on the current state of the global Rac. 2-Trifluoromethyl lactic ...

2016 (S)-?-Trifluoromethyl lactic acid (CAS 24435-45-8) Industry Market Report

2016 (S)-?-Trifluoromethyl lactic acid (CAS 24435-45-8) Industry Market Report

  • $ 2800
  • Industry report
  • August 2016
  • by Prof Research

The 'Global and Chinese (S)-?-Trifluoromethyl lactic acid Industry, 2011-2021 Market Research Report' is a professional and in-depth study on the current state of the global (S)-?-Trifluoromethyl lactic ...


Download Unlimited Documents from Trusted Public Sources

Dairy Products Industry in Europe

  • October 2016
    11 pages
  • Dairy Products  

  • Europe  

View report >

Cheese Industry in the US - Forecast

  • October 2016
    16 pages
  • Cheese  

    Salt  

  • United States  

View report >

Milk Forecast Statistics in India

  • October 2016
    12 pages
  • Milk  

    Wastewater Trea...  

  • India  

    Asia  

View report >

Lactic Acid Industry

3 months ago

Milk Supply

3 months ago

Related Market Segments :

Lactic Acid

ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.