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Global Lactic Acid & Poly Lactic Acid Market Research Report 2025
Synopsis
The global Lactic Acid & Poly Lactic Acid 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.
Biodegradability and Sustainability: Lactic acid and PLA are biodegradable and derived from renewable resources like cornstarch or sugarcane. The growing concern for environmental sustainability and the need for eco-friendly alternatives to traditional plastics have driven the demand for these materials.
Regulatory Support: Governments and regulatory bodies in many countries are implementing policies and regulations to reduce the use of non-biodegradable plastics and promote environmentally friendly alternatives. This regulatory support encourages the adoption of lactic acid and PLA-based products.
Consumer Awareness: Increased consumer awareness of environmental issues and a preference for sustainable products have led to a higher demand for biodegradable packaging, disposable items, and textiles made from PLA.
This report aims to provide a comprehensive presentation of the global market for Lactic Acid & Poly Lactic Acid, 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 & Poly Lactic Acid.
Report Scope
The Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid 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 & Poly Lactic Acid 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
The Dow Chemical
Corbion Purac
Galactic
Natureworks
Teijin
Wei Mon Industry
Segment by Type
Lactic Acid
Poly Lactic Acid
Segment by Application
Food and Beverages
Refined Dairy Products
Chemical Industry
Agriculture
Electronics
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 & Poly Lactic Acid 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 & Poly Lactic Acid 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 & Poly Lactic Acid 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.
The global Lactic Acid & Poly Lactic Acid 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.
Biodegradability and Sustainability: Lactic acid and PLA are biodegradable and derived from renewable resources like cornstarch or sugarcane. The growing concern for environmental sustainability and the need for eco-friendly alternatives to traditional plastics have driven the demand for these materials.
Regulatory Support: Governments and regulatory bodies in many countries are implementing policies and regulations to reduce the use of non-biodegradable plastics and promote environmentally friendly alternatives. This regulatory support encourages the adoption of lactic acid and PLA-based products.
Consumer Awareness: Increased consumer awareness of environmental issues and a preference for sustainable products have led to a higher demand for biodegradable packaging, disposable items, and textiles made from PLA.
This report aims to provide a comprehensive presentation of the global market for Lactic Acid & Poly Lactic Acid, 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 & Poly Lactic Acid.
Report Scope
The Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid 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 & Poly Lactic Acid 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
The Dow Chemical
Corbion Purac
Galactic
Natureworks
Teijin
Wei Mon Industry
Segment by Type
Lactic Acid
Poly Lactic Acid
Segment by Application
Food and Beverages
Refined Dairy Products
Chemical Industry
Agriculture
Electronics
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 & Poly Lactic Acid 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 & Poly Lactic Acid 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 & Poly Lactic Acid 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.
Index1 Lactic Acid & Poly Lactic Acid Market Overview
1.1 Product Definition
1.2 Lactic Acid & Poly Lactic Acid Segment by Type
1.2.1 Global Lactic Acid & Poly Lactic Acid Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Lactic Acid
1.2.3 Poly Lactic Acid
1.3 Lactic Acid & Poly Lactic Acid Segment by Application
1.3.1 Global Lactic Acid & Poly Lactic Acid Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Food and Beverages
1.3.3 Refined Dairy Products
1.3.4 Chemical Industry
1.3.5 Agriculture
1.3.6 Electronics
1.3.7 Textiles
1.4 Global Market Growth Prospects
1.4.1 Global Lactic Acid & Poly Lactic Acid Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Lactic Acid & Poly Lactic Acid Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Lactic Acid & Poly Lactic Acid Production Estimates and Forecasts (2019-2030)
1.4.4 Global Lactic Acid & Poly Lactic Acid Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Lactic Acid & Poly Lactic Acid Production Market Share by Manufacturers (2019-2024)
2.2 Global Lactic Acid & Poly Lactic Acid Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Lactic Acid & Poly Lactic Acid, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Lactic Acid & Poly Lactic Acid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Lactic Acid & Poly Lactic Acid Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Lactic Acid & Poly Lactic Acid, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Lactic Acid & Poly Lactic Acid, Product Offered and Application
2.8 Global Key Manufacturers of Lactic Acid & Poly Lactic Acid, Date of Enter into This Industry
2.9 Lactic Acid & Poly Lactic Acid Market Competitive Situation and Trends
2.9.1 Lactic Acid & Poly Lactic Acid Market Concentration Rate
2.9.2 Global 5 and 10 Largest Lactic Acid & Poly Lactic Acid Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Lactic Acid & Poly Lactic Acid Production by Region
3.1 Global Lactic Acid & Poly Lactic Acid Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Lactic Acid & Poly Lactic Acid Production Value by Region (2019-2030)
3.2.1 Global Lactic Acid & Poly Lactic Acid Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Lactic Acid & Poly Lactic Acid by Region (2025-2030)
3.3 Global Lactic Acid & Poly Lactic Acid Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Lactic Acid & Poly Lactic Acid Production by Region (2019-2030)
3.4.1 Global Lactic Acid & Poly Lactic Acid Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Lactic Acid & Poly Lactic Acid by Region (2025-2030)
3.5 Global Lactic Acid & Poly Lactic Acid Market Price Analysis by Region (2019-2024)
3.6 Global Lactic Acid & Poly Lactic Acid Production and Value, Year-over-Year Growth
3.6.1 North America Lactic Acid & Poly Lactic Acid Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Lactic Acid & Poly Lactic Acid Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Lactic Acid & Poly Lactic Acid Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Lactic Acid & Poly Lactic Acid Production Value Estimates and Forecasts (2019-2030)
4 Lactic Acid & Poly Lactic Acid Consumption by Region
4.1 Global Lactic Acid & Poly Lactic Acid Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Lactic Acid & Poly Lactic Acid Consumption by Region (2019-2030)
4.2.1 Global Lactic Acid & Poly Lactic Acid Consumption by Region (2019-2024)
4.2.2 Global Lactic Acid & Poly Lactic Acid Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Lactic Acid & Poly Lactic Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Lactic Acid & Poly Lactic Acid Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Lactic Acid & Poly Lactic Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid Production by Type (2019-2030)
5.1.1 Global Lactic Acid & Poly Lactic Acid Production by Type (2019-2024)
5.1.2 Global Lactic Acid & Poly Lactic Acid Production by Type (2025-2030)
5.1.3 Global Lactic Acid & Poly Lactic Acid Production Market Share by Type (2019-2030)
5.2 Global Lactic Acid & Poly Lactic Acid Production Value by Type (2019-2030)
5.2.1 Global Lactic Acid & Poly Lactic Acid Production Value by Type (2019-2024)
5.2.2 Global Lactic Acid & Poly Lactic Acid Production Value by Type (2025-2030)
5.2.3 Global Lactic Acid & Poly Lactic Acid Production Value Market Share by Type (2019-2030)
5.3 Global Lactic Acid & Poly Lactic Acid Price by Type (2019-2030)
6 Segment by Application
6.1 Global Lactic Acid & Poly Lactic Acid Production by Application (2019-2030)
6.1.1 Global Lactic Acid & Poly Lactic Acid Production by Application (2019-2024)
6.1.2 Global Lactic Acid & Poly Lactic Acid Production by Application (2025-2030)
6.1.3 Global Lactic Acid & Poly Lactic Acid Production Market Share by Application (2019-2030)
6.2 Global Lactic Acid & Poly Lactic Acid Production Value by Application (2019-2030)
6.2.1 Global Lactic Acid & Poly Lactic Acid Production Value by Application (2019-2024)
6.2.2 Global Lactic Acid & Poly Lactic Acid Production Value by Application (2025-2030)
6.2.3 Global Lactic Acid & Poly Lactic Acid Production Value Market Share by Application (2019-2030)
6.3 Global Lactic Acid & Poly Lactic Acid Price by Application (2019-2030)
7 Key Companies Profiled
7.1 BASF
7.1.1 BASF Lactic Acid & Poly Lactic Acid Corporation Information
7.1.2 BASF Lactic Acid & Poly Lactic Acid Product Portfolio
7.1.3 BASF Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid Corporation Information
7.2.2 Danimer Scientific Lactic Acid & Poly Lactic Acid Product Portfolio
7.2.3 Danimer Scientific Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid Corporation Information
7.3.2 Henan Jindan Lactic Acid Technology Lactic Acid & Poly Lactic Acid Product Portfolio
7.3.3 Henan Jindan Lactic Acid Technology Lactic Acid & Poly Lactic Acid 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 & Poly Lactic Acid Corporation Information
7.4.2 Synbra Technology Lactic Acid & Poly Lactic Acid Product Portfolio
7.4.3 Synbra Technology Lactic Acid & Poly Lactic Acid 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 The Dow Chemical
7.5.1 The Dow Chemical Lactic Acid & Poly Lactic Acid Corporation Information
7.5.2 The Dow Chemical Lactic Acid & Poly Lactic Acid Product Portfolio
7.5.3 The Dow Chemical Lactic Acid & Poly Lactic Acid Production, Value, Price and Gross Margin (2019-2024)
7.5.4 The Dow Chemical Main Business and Markets Served
7.5.5 The Dow Chemical Recent Developments/Updates
7.6 Corbion Purac
7.6.1 Corbion Purac Lactic Acid & Poly Lactic Acid Corporation Information
7.6.2 Corbion Purac Lactic Acid & Poly Lactic Acid Product Portfolio
7.6.3 Corbion Purac Lactic Acid & Poly Lactic Acid Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Corbion Purac Main Business and Markets Served
7.6.5 Corbion Purac Recent Developments/Updates
7.7 Galactic
7.7.1 Galactic Lactic Acid & Poly Lactic Acid Corporation Information
7.7.2 Galactic Lactic Acid & Poly Lactic Acid Product Portfolio
7.7.3 Galactic Lactic Acid & Poly Lactic Acid Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Galactic Main Business and Markets Served
7.7.5 Galactic Recent Developments/Updates
7.8 Natureworks
7.8.1 Natureworks Lactic Acid & Poly Lactic Acid Corporation Information
7.8.2 Natureworks Lactic Acid & Poly Lactic Acid Product Portfolio
7.8.3 Natureworks Lactic Acid & Poly Lactic Acid Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Natureworks Main Business and Markets Served
7.7.5 Natureworks Recent Developments/Updates
7.9 Teijin
7.9.1 Teijin Lactic Acid & Poly Lactic Acid Corporation Information
7.9.2 Teijin Lactic Acid & Poly Lactic Acid Product Portfolio
7.9.3 Teijin Lactic Acid & Poly Lactic Acid Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Teijin Main Business and Markets Served
7.9.5 Teijin Recent Developments/Updates
7.10 Wei Mon Industry
7.10.1 Wei Mon Industry Lactic Acid & Poly Lactic Acid Corporation Information
7.10.2 Wei Mon Industry Lactic Acid & Poly Lactic Acid Product Portfolio
7.10.3 Wei Mon Industry Lactic Acid & Poly Lactic Acid Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Wei Mon Industry Main Business and Markets Served
7.10.5 Wei Mon Industry Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Lactic Acid & Poly Lactic Acid Industry Chain Analysis
8.2 Lactic Acid & Poly Lactic Acid Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Lactic Acid & Poly Lactic Acid Production Mode & Process
8.4 Lactic Acid & Poly Lactic Acid Sales and Marketing
8.4.1 Lactic Acid & Poly Lactic Acid Sales Channels
8.4.2 Lactic Acid & Poly Lactic Acid Distributors
8.5 Lactic Acid & Poly Lactic Acid Customers
9 Lactic Acid & Poly Lactic Acid Market Dynamics
9.1 Lactic Acid & Poly Lactic Acid Industry Trends
9.2 Lactic Acid & Poly Lactic Acid Market Drivers
9.3 Lactic Acid & Poly Lactic Acid Market Challenges
9.4 Lactic Acid & Poly Lactic Acid 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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