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Global Lactic Acid and Poly Lactic Acid (PLA) Market Research Report 2025

Global Lactic Acid and Poly Lactic Acid (PLA) Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1891465

No of Pages : 89

Synopsis
Polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable resources, such as corn starch (in the United States and Canada), cassava roots, chips or starch (mostly in Asia), or sugarcane (in the rest of the world). In 2010, PLA had the second highest consumption volume of any bioplastic of the world.
The global Lactic Acid and Poly Lactic Acid (PLA) market was valued at US$ 1466 million in 2023 and is anticipated to reach US$ 1896.4 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.
The use of lactic acid in the manufacture of biodegradable plastics is one of the key growth factors of the lactic acid market. Rising environmental concerns due to dumping of plastics in landfills is promoting the use of bioplastics, which is indirectly benefitting the lactic acid market. Lactic acid is a carboxylic acid that is used across a host of end-use industries owing to its chemical properties. The increasing application of polylactic acid in the packaging industry is estimated to fuel growth of the polylactic acid market in the following years. The introduction of bio-based plastics and their increased usage in the food and beverage industry is expected to extend growth opportunities for the polylactic acid market in the near future. Polylactic is one of the most sought-after bioplastics and is an effective substitute to traditional petroleum-based plastics. Rising crude oil price are also estimated to drive the global PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products. North America is the largest market for global lactic acid & poly lactic acid market. Changing lifestyles along with rising consciousness regarding the enhancement of the overall personality of an individual in various countries including India, China, Malaysia, and Sri Lanka is expected to drive the global cosmetics market, which in turn is likely to spur growth.
This report aims to provide a comprehensive presentation of the global market for Lactic Acid and Poly Lactic Acid (PLA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lactic Acid and Poly Lactic Acid (PLA).
Report Scope
The Lactic Acid and Poly Lactic Acid (PLA) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Lactic Acid and Poly Lactic Acid (PLA) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Lactic Acid and Poly Lactic Acid (PLA) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
BASF
Danimer Scientific
Henan Jindan Lactic Acid Technology
Synbra Technology
Dow Chemical
Corbion
Natureworks
Teijin
Wei Mon Industry
Segment by Type
Lactic Acid
Poly Lactic Acid (PLA)
Segment by Application
Industrial
Personal Care
Packaging
Petroleum Based Products
Textiles
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Lactic Acid and Poly Lactic Acid (PLA) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Lactic Acid and Poly Lactic Acid (PLA) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Lactic Acid and Poly Lactic Acid (PLA) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index
1 Lactic Acid and Poly Lactic Acid (PLA) Market Overview
1.1 Product Definition
1.2 Lactic Acid and Poly Lactic Acid (PLA) Segment by Type
1.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Lactic Acid
1.2.3 Poly Lactic Acid (PLA)
1.3 Lactic Acid and Poly Lactic Acid (PLA) Segment by Application
1.3.1 Global Lactic Acid and Poly Lactic Acid (PLA) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Industrial
1.3.3 Personal Care
1.3.4 Packaging
1.3.5 Petroleum Based Products
1.3.6 Textiles
1.4 Global Market Growth Prospects
1.4.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Lactic Acid and Poly Lactic Acid (PLA) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Lactic Acid and Poly Lactic Acid (PLA) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Market Share by Manufacturers (2019-2024)
2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Lactic Acid and Poly Lactic Acid (PLA), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Lactic Acid and Poly Lactic Acid (PLA) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Lactic Acid and Poly Lactic Acid (PLA) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Lactic Acid and Poly Lactic Acid (PLA), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Lactic Acid and Poly Lactic Acid (PLA), Product Offered and Application
2.8 Global Key Manufacturers of Lactic Acid and Poly Lactic Acid (PLA), Date of Enter into This Industry
2.9 Lactic Acid and Poly Lactic Acid (PLA) Market Competitive Situation and Trends
2.9.1 Lactic Acid and Poly Lactic Acid (PLA) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Lactic Acid and Poly Lactic Acid (PLA) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Lactic Acid and Poly Lactic Acid (PLA) Production by Region
3.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value by Region (2019-2030)
3.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Lactic Acid and Poly Lactic Acid (PLA) by Region (2025-2030)
3.3 Global Lactic Acid and Poly Lactic Acid (PLA) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Region (2019-2030)
3.4.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Lactic Acid and Poly Lactic Acid (PLA) by Region (2025-2030)
3.5 Global Lactic Acid and Poly Lactic Acid (PLA) Market Price Analysis by Region (2019-2024)
3.6 Global Lactic Acid and Poly Lactic Acid (PLA) Production and Value, Year-over-Year Growth
3.6.1 North America Lactic Acid and Poly Lactic Acid (PLA) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Lactic Acid and Poly Lactic Acid (PLA) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Lactic Acid and Poly Lactic Acid (PLA) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Lactic Acid and Poly Lactic Acid (PLA) Production Value Estimates and Forecasts (2019-2030)
4 Lactic Acid and Poly Lactic Acid (PLA) Consumption by Region
4.1 Global Lactic Acid and Poly Lactic Acid (PLA) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Lactic Acid and Poly Lactic Acid (PLA) Consumption by Region (2019-2030)
4.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Consumption by Region (2019-2024)
4.2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Lactic Acid and Poly Lactic Acid (PLA) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Lactic Acid and Poly Lactic Acid (PLA) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Lactic Acid and Poly Lactic Acid (PLA) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Lactic Acid and Poly Lactic Acid (PLA) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Lactic Acid and Poly Lactic Acid (PLA) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Lactic Acid and Poly Lactic Acid (PLA) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Lactic Acid and Poly Lactic Acid (PLA) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Lactic Acid and Poly Lactic Acid (PLA) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Type (2019-2030)
5.1.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Type (2019-2024)
5.1.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Type (2025-2030)
5.1.3 Global Lactic Acid and Poly Lactic Acid (PLA) Production Market Share by Type (2019-2030)
5.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value by Type (2019-2030)
5.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value by Type (2019-2024)
5.2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value by Type (2025-2030)
5.2.3 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Market Share by Type (2019-2030)
5.3 Global Lactic Acid and Poly Lactic Acid (PLA) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Application (2019-2030)
6.1.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Application (2019-2024)
6.1.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production by Application (2025-2030)
6.1.3 Global Lactic Acid and Poly Lactic Acid (PLA) Production Market Share by Application (2019-2030)
6.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value by Application (2019-2030)
6.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value by Application (2019-2024)
6.2.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value by Application (2025-2030)
6.2.3 Global Lactic Acid and Poly Lactic Acid (PLA) Production Value Market Share by Application (2019-2030)
6.3 Global Lactic Acid and Poly Lactic Acid (PLA) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 BASF
7.1.1 BASF Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.1.2 BASF Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.1.3 BASF Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 BASF Main Business and Markets Served
7.1.5 BASF Recent Developments/Updates
7.2 Danimer Scientific
7.2.1 Danimer Scientific Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.2.2 Danimer Scientific Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.2.3 Danimer Scientific Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Danimer Scientific Main Business and Markets Served
7.2.5 Danimer Scientific Recent Developments/Updates
7.3 Henan Jindan Lactic Acid Technology
7.3.1 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.3.2 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.3.3 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Henan Jindan Lactic Acid Technology Main Business and Markets Served
7.3.5 Henan Jindan Lactic Acid Technology Recent Developments/Updates
7.4 Synbra Technology
7.4.1 Synbra Technology Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.4.2 Synbra Technology Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.4.3 Synbra Technology Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Synbra Technology Main Business and Markets Served
7.4.5 Synbra Technology Recent Developments/Updates
7.5 Dow Chemical
7.5.1 Dow Chemical Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.5.2 Dow Chemical Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.5.3 Dow Chemical Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Dow Chemical Main Business and Markets Served
7.5.5 Dow Chemical Recent Developments/Updates
7.6 Corbion
7.6.1 Corbion Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.6.2 Corbion Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.6.3 Corbion Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Corbion Main Business and Markets Served
7.6.5 Corbion Recent Developments/Updates
7.7 Natureworks
7.7.1 Natureworks Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.7.2 Natureworks Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.7.3 Natureworks Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Natureworks Main Business and Markets Served
7.7.5 Natureworks Recent Developments/Updates
7.8 Teijin
7.8.1 Teijin Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.8.2 Teijin Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.8.3 Teijin Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Teijin Main Business and Markets Served
7.7.5 Teijin Recent Developments/Updates
7.9 Wei Mon Industry
7.9.1 Wei Mon Industry Lactic Acid and Poly Lactic Acid (PLA) Corporation Information
7.9.2 Wei Mon Industry Lactic Acid and Poly Lactic Acid (PLA) Product Portfolio
7.9.3 Wei Mon Industry Lactic Acid and Poly Lactic Acid (PLA) Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Wei Mon Industry Main Business and Markets Served
7.9.5 Wei Mon Industry Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Lactic Acid and Poly Lactic Acid (PLA) Industry Chain Analysis
8.2 Lactic Acid and Poly Lactic Acid (PLA) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Lactic Acid and Poly Lactic Acid (PLA) Production Mode & Process
8.4 Lactic Acid and Poly Lactic Acid (PLA) Sales and Marketing
8.4.1 Lactic Acid and Poly Lactic Acid (PLA) Sales Channels
8.4.2 Lactic Acid and Poly Lactic Acid (PLA) Distributors
8.5 Lactic Acid and Poly Lactic Acid (PLA) Customers
9 Lactic Acid and Poly Lactic Acid (PLA) Market Dynamics
9.1 Lactic Acid and Poly Lactic Acid (PLA) Industry Trends
9.2 Lactic Acid and Poly Lactic Acid (PLA) Market Drivers
9.3 Lactic Acid and Poly Lactic Acid (PLA) Market Challenges
9.4 Lactic Acid and Poly Lactic Acid (PLA) Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Published By : QY Research

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