Cordially get in touch for more details. Synopsis of Polylactic Acid Market:, Polylactic acid is a type of thermoplastic polyester obtained from wide variety of renewable feedstock such as wheat, corn, sugarcane, starch, and tapioca roots. PLA is made through two different processes namely condensation and polymerization. It is biodegradable as well as biocompatible in nature. Moreover, rising application of PLA in packaging sector is predicted to propel the growth of the market over the assessment period.
Additionally, increasing production of passenger cars as well as rising disposable income of consumer in developing economies is expected to drive the growth of the Polylactic Acid over the forecast period Furthermore, increasing environmental concerns regarding the dumping of plastics in landfills is promoting the use of Polylactic Acid based products. Stringent regulations implemented by various government bodies regarding the use of non-biodegradable plastic is estimated to propel the growth of the market.
Synopsis of Polylactic Acid Market:. Polylactic acid is a type of thermoplastic polyester obtained from wide variety of renewable feedstock such as wheat, corn, sugarcane, starch, and tapioca roots. As per our analysis, some of the important market factors and trends identified in the Global Polylactic Acid Market include rapid urbanization, increasing demand for biodegradable plastic, and continuous growth of the automotive industry. Moreover, depleting oil reserves coupled with increasing awareness regarding the benefits offer by the PLA is expected to drive the market growth.
However, high cost associated with the production of PLA as compared to conventional plastics is anticipated to hamper the growth of the market during the review period.
Regional Analysis:. Among these, the Asia Pacific region is anticipated to grow at the highest CAGR over the estimated period due to stable economy and continuous growth of the automotive as well as packaging industry.
The demand for Polylactic Acid is predicted to propel the market growth in the numerous countries of Asia Pacific such as Malaysia, China, India, Vietnam, Thailand, Singapore, South Korea, and Japan owing to high adoption rate by the automobile manufacturers. Moreover, increasing demand for packaged foods including frozen meals and ready-to-eat meals is predicted to raise flexible packaging requirements, which, in turn, is expected to fuel the demand for PLA. Additionally, rising automotive production and sales as well as growing demand for household appliances in developing economies along with increasing disposable income of consumer is estimated to propel the growth of the market.
Furthermore, economic development in Asia Pacific, particularly China, India, and Vietnam, has presented opportunities for PLA in the transportation sector.
North American countries such as the U. S and Canada are among the major contributors in the regional Polylactic Acid Market growth and are estimated to see a significant regional market growth over the forecast period due to strong consumer base for packaging as well as consumer goods sector.
Mexico is predicted to witness a remarkable growth due to rising automotive production and sales.Invalid Name.Twitter followers apk 2019
Invalid Email. Invalid contact no. Invalid Security Code. Polylactic acid PLA is a bio-degradable thermoplastic aliphatic polymer produced from lactic acid using various crops like corn, sugarcane, tapioca etc. Get more information on this report : Request Sample Pages.
Additionally, owing to its versatile characteristics, the material can be used in various high value applications in numerous end-user industries including textiles, constructions and automotive. Therefore, the production and consumption of the sustainable material is being facilitated by various governments around the world. Polylactic Acid market has witnessed a greater demand over the past five to six years. Increasing consumer awareness, government incentives and easy availability of raw materials are the major factors driving market growth.
However, the cost of PLA is comparatively higher than synthetic plastics, thus becoming a primary restraining factor for the market growth. The global PLA market has been segmented based on applications as packaging, agriculture, electronics, textiles, bio-medical and others.
Inpackaging application garners the highest share of This is principally due to the unique mechanical, thermal and barrier properties of PLA, which makes it a suitable material for packaging applications.
North America is the largest producer and consumer of PLA and accounted for about The North American region would continue to lead the market owing to large production capacity, feedstock abundancy, supportive legal framework, and rising consumer awareness for sustainability.
Ltd, Chongqing bofei biochemical products co. World Polylatic acid PLA market is segmented based on its applications and geography.
List of Figures. List of Tables. The factors that are currently impacting the PLA market currently are awareness on environment safety, increasing price of substitutes and raw materials of substitutes such as petrochemicals. Government across the globe have imposed ban on the use of plastic bags and also provide incentives for PLA production process. This has encouraged the shift towards PLA production. Additionally the petrochemicals that are major raw material for conventional plastics are significantly increasing therefore; the manufacturers are looking for effective substitutes.
The conventional polymers are not biodegradable and lead plastic waste that remain in the soil for thousand or more years. Industrial composting enables degradability of PLA. However, the fact remains that it also takes several years for PLA to be bio degraded in normal conditions. This market research report is an effort to provide the clear picture of the state of the market and sub markets over the next seven years.
The report provides micro level analysis of the factors affecting the market, key market trends and industry drives and challenges for the better understanding of the market structure. The presentation of the market dynamics, competitive scenario and developments will enable marketers to aptly design their growth strategies and have competitive edge.
Moreover, assessment of the top investment pockets and winning strategies will help in channelizing their investments in the right directions to garner better proceeds.
Polylactic Acid Price
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Start reading instantly. All prices in USD.Major factors driving the market studied are favorable government policies promoting bio-plastics and the growing demand for cellulose-derived fibers in the textile industry.
Price competitiveness and availability of cheaper alternatives are expected to hinder the growth of the market studied. Report scope can be customized per your requirements. Click here. The bio-PLA market is consolidated. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Buy Now. Download Free Sample Now. Market Snapshot Study Period: Fastest Growing Market: Asia Pacific. Click Here To Know More. The packaging industry dominated the global market share, owing to its usage in fruit and vegetable packaging in the supermarkets, for bread bags and bakery boxes, bottles, envelopes and display carton windows, and shopping or carrier bags, among others.
The growing production of genetically modified corn and the growing usage of bio-PLA in 3D printing are likely to act as opportunities in the future.
Asia-Pacific dominated the market across the globe with the largest consumption from countries, such as China and Japan. Packaging accounts for the major share of the global bio-PLA market. The restaurant chains and food processing industries are increasingly adopting biodegradable materials for food packaging.
Consumer awareness is also rising and rapidly evolving, in terms of food safety, as some plastics are proven carcinogens. The demand for bio-PLA in the packaging industry is increasing at a rapid pace in the European and North American regions. The increasing intervention of the Food and Drug Administration FDA and related organizations, in terms of food safety, is promoting the usage of bio-degradable and food-grade plastics for beverage and snack consumption.
The growth in the packaging industry in the developing regions, such as Asia-Pacific, South America, and the Middle East, is expected to increase over the forecast period, due to the improving food packaging standards of various food and safety organizations in these regions.
The rapid growth of the consumption of bio-polylactic acid in China has been majorly driven by ample developments in the packaging and medical sectors, which are being supported by the growing economy. The packaging industry in the country has shown a continuous rise, despite a decline in the pace of growth. The continuous rise in this industry is due to the demand for FMCG goods.
Additionally, an increase in demand for eco-friendly packaging has benefitted the packaging sector in China. Additionally, China has a large potential to grow at a faster rate in the e-commerce packaging market, as internet use in the country continues to expand at a rapid rate. Moreover, the demand for ready-to-cook products from the food and beverage industry is supporting the growth of high-quality packaging in the country.
The demand for bio-polylactic acid is expected to increase in the country, during the forecast period.A premium membership for higher-level suppliers. Chemicals Polymer Pharmaceutical Intermediates.
High polymer prices make PLA an attractive alternative - NatureWorks
Relevancy Transaction Level Response Rate. Supplier Types Trade Assurance. Supplier A premium membership for higher-level suppliers. Supplier Location. Order : OK. Ready to Ship. Feature Stocked. Type Stretch Film. BusinessType China polylactic acid price. High temperature resistant PLA granules polylactic acid. Contact Supplier. Factory price free sample in stock polylactic acid pellets.
The company's headquarters is located in Xi'an economic development Zone. Faster delivery: Sample order in stock and days for bulk production. PLA polylactic acid bags and polylactic acid resin. Top quality pla Polylactic acid price with reasonable price and fast delivery on hot selling.
Factory supply pla with low price. Factory Price! Eco-friendly Transparent PLA resin pellets cheap price. During the process, you just need to discuss with her for all the problems and the way saves much time.The increasing awareness towards the environment and favorable government policies such as the Paris agreement, Kyoto protocol, etc.
Polylactic acid is a biodegradable polymer which is made up of starch obtained from renewable resources such as corn and sugar and is the main reason for its increasing uptake across verticals such as packaging, agriculture, etc. Request free sample. The increasing awareness towards the environment and favourable government policies such as the Paris agreement, the Kyoto protocol, etc. Other commodity polymers, for example, that are non-biodegradable such as Polyvinyl chloride PVCpolystyrene, polyethene and biodegradable polymers such as polyvinyl alcohol PVOHpolyanhydride, etc.
The base year considered for the study is and the estimated period is between The following factors drive the growth of this market:. To know more about this report, request a free sample copy. The most influential drivers are the high petroleum prices and lack of fossil fuel resources.
The high petroleum prices for the reducing levels of traditional fossil fuel byproducts are encouraging users to switch to an affordable and environment-friendly form of a polymer such as polylactic acid, thereby driving the sustainable global polylactic acid market over the forecast period. The price of petroleum product is continuously increasing resulting in a rise in the price of plastics at the same rate as that of the increase in the price of petroleum products since conventional plastic is a petroleum-based product.
The fossil fuels are limited in nature and high demand for petroleum results in further increase in the price of petroleum-based products and hence, increased price of conventional plastics which are made from oil. Therefore, the rise in the price of petroleum-based products would encourage the people to look for alternatives like bioplastics that are made from polylactic acid and thereby, propelling the growth of global polylactic acid market over the forecast period.
The largest revenue reaping market segment by the application division is that for packaging. The rapid growth of packaging applications in the developed economies has facilitated the dependency on PLA in these regions.
This has presented newer opportunities to the packaging materials suppliers. The demand for packaged food is expected to grow further, owing to increased disposable income and improved standards of living. The increase in demand for consumer goods would also drive the growth of the packaging market. The fastest-growing application is the biomedical market. As PLA can be degraded into innocuous lactic acid in the human body, it can be used as medical implants in the form of screws, pins, rods and mesh.
This gradual degradation makes it ideal for its use as a support structure. Owing to its environment-friendly attributes, PLA can be used in disposable garments, trays and fillers in pillows and diapers.
PLA is also used for manufacturing sustained release pharmaceutical drug delivery systems. The restraints and challenges of the polylactic acid market are poor performance compared to that of conventional plastics, price competitiveness from conventional polymers and agricultural fibre alternatives, the need for industrial composting units, the lower levels of PLA awareness in developing countries and its high production cost.
The most important challenge is the high production cost.Facebook password
PLA is still a costly option to use compared to the cheap petroleum-based plastic material. The production process of PLA is considered to be expensive and primarily driven by some key intermediary steps.
The production of PLA is a costly manufacturing process because, for manufacturing PLA, first sugar is fermented into lactic acid which is a primary source for manufacturing PLA. PLA then degrades over several years in a controlled environment to deliver pre-plastic or low-quality plastic which is later broken down into building blocks for PLA. Therefore, the cost reduction of PLA is considered to be a challenge for the growth of the global PLA market over the forecast period.
The report on the global polylactic acid market includes segmentation by application and product form. Application is sub-segmented into:. Geographically, the global Polylactic acid market has been segmented on the basis of four major regions, which includes:. The major market players of the global polylactic acid market are:. Company profiles cover the analysis of important players. These companies are using organic and inorganic strategies for their growth.Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth. To analyze the opportunities in the market for stakeholders by identifying the high growth segments. To strategically analyze each submarket with respect to individual growth trend and their contribution to the market. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies. In this study, the years considered to estimate the market size of Polylactic Acid PLA are as follows: History Year: Base Year: Estimated Year: Forecast Year to For the data information by region, company, type and application, is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered. The following customization options are available for the report: Regional and country-level analysis of the Polylactic Acid PLA market, by end-use. Detailed analysis and profiles of additional market players. Toggle navigation. Chemicals and Materials. Buy Now.The MarketWatch News Department was not involved in the creation of the content.
Feb 14, The Expresswire -- Bio-polylactic Acid PLA Films Market report delivers statistical overview on growth factors driving or restraining the market with top manufacturers forecasted till Growth strategies adopted by these companies are studied in detail in the report.
The market size section gives the Bio-polylactic Acid PLA Films market revenues, covering both the historic growth of the market and forecasting the future.
The report also includes several valuable information on the Bio-polylactic Acid PLA Films market size, derived from various industrial sources. The report studies the competitive environment of the Bio-polylactic Acid PLA Films industry share is based on company profiles and their efforts on increasing product value and production. Geographically, this report is segmented into several key regions, with sales, revenue, market share, and Bio-polylactic Acid PLA Films market growth Rate in these regions, from tocovering.
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