The Europe Polylactic Acid (PLA) industry report by Procurement Resource wisely studies the crucial market elements. The report includes key Europe Polylactic Acid (PLA) trends, drivers and other factors that are driving the market growth.
In the base year the Europe Polylactic Acid (PLA) market size reached a total value of around USD 500.94 million. The industry is witnessing continuous demand and growing at a CAGR of around 12.90% during the forecast period of 2022-2027. The Europe Polylactic Acid (PLA) market share is projected to reach a value of about USD 1037.40 million by 2027.
The extensive application of the product in the packaging industry is primarily driving the Europe Polylactic Acid (PLA) market growth.
In the Europe Polylactic Acid (PLA) market the Western Europe region holds the largest market share.
A thermoplastic aliphatic polyester obtained from resources available in nature, like corn starch, sugarcane and tapioca roots is known as Polylactic acid (PLA), or polylactide. It is a sustainable, cost-effective, and biodegradable commodity employed in manufacturing bioplastics and various medical device prototypes. It is employed in surgical, food packaging, and clinical applications and is approved by the FDA.
The Europe Polylactic Acid (PLA) market is categorised by Application (Biomedical, Electronics, Textile, Agriculture Packaging, Others), by Country (Spain, Germany, France, Italy, United Kingdom, Others), by Type (PDLLA (Poly-DL-lactic Acid), PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid),).
Western Europe holds a significant share in the European Polylactic Acid (PLA) market Development owing to the favourable initiatives in the region paired with the robust expansion of the healthcare sector.
The increasing demand for convenient products that requires packaging is primarily driving the Polylactic Acid (PLA) market in Europe. The market is witnessing further demand for polylactic acid (PLA) owing to its various properties like barrier property, high strength, and stiffness. There has been a rise in the utilisation of bioplastics in packaging sector since there has been a growth is the popularity amongst the consumer for sustainable packaging. This is in turn pushing the market headlong.
Polylactic acid (PLA) are used to make bioplastics, that is obtained from resources that are sustainable like agriculture waste. As a result, the by-product is renewable which is expected to drive the Europe Polylactic Acid (PLA) market growth.
In addition, owing to the rise in the levels of pollution there has been introduction of numerous rigorous policies that are helping in the additional expansion of the market.
Furthermore, the usage of plastics because of the rising pollution points has led to the introduction of various stringent policies which is additionally leading to market expansion.
Moreover, the progress of the thermal resistant polylactic acid (PLA) inclusive of enhanced versatility and functionally stronger is a result of growing research and development (R&D) activities that will likely result in newer Europe Polylactic Acid (PLA) market opportunity.
Renewable resources including sugarcane, tapioca, corn, wheat, agriculture, and food waste are employed to make the commodity. With the process of fermentation, the sugar derived from the plant is converted into Lactic acid.
This acid must be purified in various steps. The resulting acid is transformed into crude lactide by the help of pre-polymerization and depolymerization sequentially.
The process of crystallization and distillation must filter the crude lactide. The resulting product is the monomer polymerized into polylactic acid (PLA) by ring-opening polymerization which is known as purified lactide.
The increasing use of high-quality and high-performance polylactic acid polymers, due to their functionality and durability in 3D printers for manufacturing foam moulding, injection moulding, and vacuum moulding, among others, further the industry's expansion.
Additionally, due to the decomposable properties there has been an increase in the usage of polylactic acid in biomedical and agriculture industries in the non-woven fabric or film kinds, which is likely to drive the industry further and affect the Europe Polylactic Acid (PLA) market price.
Furthermore, to ensure the biocompatibility of blood transfusion, it is used to encompass the absorption rate of a carrier and in tissue engineering in several biomedicines. It is further employed in drug delivery to improve efficiency and prolong drug action time. Because of such reasons, the Polylactic Acid (PLA) market is likely to develop.
The regional segmentation of the market can be into Spain, Germany, France, Italy, United Kingdom, and Others.
The market players compete based on the quality of products, like raw materials and technological advancements used to produce polylactic acid. The companies operating in the market are concentrating on their global expansion to increase market shares and drive revenues.
Owing to the easy accessibility of low-priced labour and nearness to raw material dealers the manufacture facilities are being launched in the Asia Pacific. Also, the richness of biomass, research-driven resources, solid downstream the Europe Polylactic Acid (PLA) market demand, material supply, and favourable government policy has created significant opportunities in Thailand.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Europe Polylactic Acid (PLA) Market Analysis
8.1 Key Industry Highlights
8.2 Europe Polylactic Acid (PLA) Historical Market (2017-2021)
8.3 Europe Polylactic Acid (PLA) Market Forecast (2022-2027)
8.4 Europe Polylactic Acid (PLA) Market by Type
8.4.1 PLLA (Poly-L-lactic Acid)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.2 PDLA (Poly-D-lactic Acid)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.4.3 PDLLA (Poly-DL-lactic Acid)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5 Europe Polylactic Acid (PLA) Market by Application
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.6 Europe Polylactic Acid (PLA) Market by Country
8.6.1 Market Share
126.96.36.199 United Kingdom
9 Regional Analysis
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2 United Kingdom
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
10 Trade Data Analysis
10.1 Major Exporting Countries
10.1.1 By Value
10.1.2 By Volume
10.2 Major Importing Countries
10.2.1 By Value
10.2.2 By Volume
11 Price Analysis
11.1 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 NatureWorks LLC
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.2 Total Corbion PLA
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.3 Futerro S.A.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.4 BIOTEC GmbH & Co.KG
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.5 Evonik Industries AG
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14 Industry News and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
The market was valued at around USD 500.94 million in 2021.
The Europe Polylactic Acid (PLA) market forecast is expected to develop at a CAGR of 12.90%.
The significant demand for the commodity in various end-user industries is one of the essential drivers of the Polylactic Acid (PLA) market growth.
Futerro S.A., BIOTEC GmbH & Co.KG, Total Corbion PLA, Evonik Industries AG, NatureWorks LLC, and Others.
The Western Europe region of the Polylactic Acid (PLA) industry holds a significant share in the market.
The Europe Polylactic Acid (PLA) market attained a value of USD 500.94 million in 2021, driven by the expanding packaging industry in Europe due to the rising demand for convenient products.
Besides, the increasing research and development (R&D) enterprises by the significant players is resulting in the expansion of thermal resistant polylactic acid (PLA). This has better-quality functionality and plasticity that will affect the market positively.
The growing use of high-performance and high-quality polylactic acid polymers, functionality in 3D printers, in agriculture and biomedical sectors, in various biomedicines and drug delivery, is leading to the market’s growth in the forecast period of 2022-2027, growing at a CAGR of 12.90%. A value of USD 1037.40 million is predicted to be achieved by the market through 2027. Some of the leading players in the industry are Futerro S.A., BIOTEC GmbH & Co.KG, Total Corbion PLA, Evonik Industries AG, NatureWorks LLC and Others.
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