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Polylactic Acid (PLA) Market by Application (Packaging, Agriculture, Electronics, Textiles, Bio-Medical), By Geography (North America, Europe, Asia-Pacific, LAMEA) - Global Opportunity Analysis and Industry Forecast, 2012 - 2020
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MA_1378
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Pages: 101
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Nov
2013 |
15831 Views
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Author(s) :
Sarah Clark and Ranjan Singh
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Tables: 22
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Charts: 27
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Formats*:
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Polylactic Acid (PLA) Market is expected to garner $5.2 billion by 2020, registering a CAGR of 19.5% during the forecast period 2013-2020. Polylactic acid (PLA) is a bio-degradable thermoplastic aliphatic polymer produced from lactic acid using various crops like corn, sugarcane, tapioca etc. as a raw material.
SEGMENTATION - WORLD PLA MARKET
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Similar to other sustainable bioplastics, PLA market size has a huge great potential as material is being used in various packaging applications of food, beverages and other consumer product that have short shelf-life. 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.
MARKET DYNAMICS - WORLD PLA MARKET
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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.
TOP FACTORS IMPACTING - WORLD PLA MARKET
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The global PLA market has been segmented based on applications as packaging, agriculture, electronics, textiles, bio-medical and others. In 2014, packaging application garners the highest share of 65.2% in the in global market. This is principally due to the unique mechanical, thermal and barrier properties of PLA, which makes it a suitable material for packaging applications.
Top INVESTMENT POCKETS - WORLD PLA MARKET
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Based on geography, the global polylactic acid market has been segmented into North America, Europe, Asia-Pacific and LAMEA regions. North America is the largest producer and consumer of PLA and accounted for about 49.6% of the global consumption in 2014. 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. However, the Asia Pacific market would grow at the highest rate due to upcoming production facilities in China and Thailand coupled with growing adoption of PLA market size in China, Thailand, Japan, South Korea and Taiwan.
GLOBAL PLA MARKET SIZE, 2014-2022 (KT/$MILLION)
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The leading market players profiled in this report includes NatureWorks LLC, Synbra, Corbion Purac, Hisun Biomaterials, Nantong Jiuding Biological Engineering Co. Ltd, Chongqing bofei biochemical products co., ltd. and Futerro.
POLYLACTIC ACID MARKET KEY BENEFITS:
- The study provides an in-depth market analysis with current and future trends to elucidate the imminent investment pockets in the market.
- Quantitative analysis of the current market and estimations for the forecast period 2014-2020 (Volume and Revenue) are provided to highlight the financial caliber of the market.
- Drivers, restraints and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the market potential.
- Porter’s five forces model of the industry illustrates the potency of the buyers and suppliers participating in the market.
- Value chain analysis in the report provides a clear understanding on the stakeholders involved in the market.
- Geographical analysis provides a detailed understanding on the market scenario across key regions.
PLA MARKET KEY SEGMENTS:
World Polylatic acid (PLA) market is segmented based on its applications and geography.
By Application
- Packaging
- Agriculture
- Electronics
- Textiles
- Bio-Medical
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- China
- Thailand
- Japan
- Rest of APAC
- LAMEA
CHAPTER 1. INTRODUCTION
1.1. Objectives of the Market Report
1.2. Scope of the Report
1.3. Report Description
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. KEY FINDINGS: PLA MARKET STUDY
3.1. PLA Market Definition and Scope
3.2. Ban on Plastic Bags: Largely Impacting Factor
3.2.1. Africa
3.2.2. Asia
3.2.2.1. Australia
3.2.2.2. Bangladesh
3.2.2.3. China
3.2.2.4. India
3.2.2.5. Hong Kong
3.2.2.6. New Zealand
3.2.2.7. Taiwan
3.2.3. Europe and Middle East
3.2.3.1. Denmark
3.2.3.2. France
3.2.3.3. Germany
3.2.3.4. United Kingdom
3.2.4. The Americas
3.2.4.1. Canada
3.2.4.2. Mexico
3.2.4.3. United States
3.3. Top Ten Factors Impacting The Pla Market
3.4. Top Winning Strategies In The Pla Market
3.5. Top Investment Pockets In The Pla Application Market
3.6. Polylactic Acid Market Dynamics
3.6.1. Drivers
3.6.1.1. PLA - an Effective Alternative to Conventional Polymers
3.6.1.1.1. Sustainability
3.6.1.1.2. Innovative Applications
3.6.1.1.3. Biodegradability
3.6.1.2. Low Production Cost IncreasesProduction Capacity of Manufacturers
3.6.1.2.1. Cheap Raw Materials
3.6.1.2.2. Abundance of Raw Materials
3.6.1.3. Raw Materials Availability
3.6.1.3.1. High Production
3.6.1.3.2. Choice of Raw Material
3.6.1.3.3. Advancement in Agricultural Engineering
3.6.1.4. Government Incentives
3.6.1.5. Environment Safety Awareness
3.6.1.5.1. Greenhouse Gases and Depleting Fossil Fuels
3.6.1.5.2. Disposal of Waste Materials
3.6.1.6. Limited Fossil Fuel Resources and Rising Petrochemical Price
3.6.2. Restraints
3.6.2.1. Need of Industrial Composting
3.6.2.1.1. Need of Specific Temperature and Environment to Degrade
3.6.2.1.2. Harmful Remnants Evolving on Decomposition
3.6.2.1.3. Normal Condition Decomposition Requires 10 to 1000 Years
3.6.2.2. Agricultural Fiber Alternatives
3.6.3. Opportunities
3.6.3.1. Genetic Modification of Corn
3.6.3.2. Decrease in Hazardous Remnants and Gases
3.6.3.3. Reinforcement of PLA with other Materials
3.6.3.4. Better PLA Features
3.7. CASE STUDIES
3.7.1. Development of Bio-Plastics for Electronic Equipment
3.7.2. New PLA Foam Packaging Production Process to Improve Shelf-Life, Degradability and Thermal ustainability
3.7.3. Introduction of Extrusion-Blown PLA Bottle for the First Time in Europe
3.7.4. Use of Injectable Polylactic Acid for Acne Scars
3.7.5. PLA Enhanced with Better Heat Resistance
CHAPTER 4. GLOBAL PLA MARKET BY APPLICATION
4.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.2. PLA in Packaging Industries
4.2.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.2.2. Key Factors Impacting Packaging Industries
4.2.2.1. Increased Shelf-Life
4.2.2.2. Food Hygiene Awareness
4.3. PLA in Textile (Wovens & Non Wovens) Industries
4.3.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.3.2. Reasons for Use of PLA in Textile
4.3.3. Key Factors Impacting Textile Industries
4.3.3.1. Environment Friendliness
4.3.3.2. Growing Textile Industry
4.4. PLA in Agricultural Industries
4.4.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.4.1.1. Key Factors Impacting Agricultural Industries
4.4.1.2. Growth Prospects of Agricultural Industry
4.4.1.3. Increase in Per Capita Income
4.5. PLA in Bio-Medical Industries
4.5.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.5.2. Key Factors Impacting Bio-Medical Industries
4.5.2.1. Bioresorbability
4.5.2.2. Mechanical Strength
4.5.2.3. Increasing Expenditure in Healthcare
4.6. PLA in Electronics Industry
4.6.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
4.6.2. Key Factors Impacting Electronics Industries
4.6.2.1. Versatile Usability
4.6.2.2. Growing Electronic Industry
4.6.2.3. Growing Consumer market
4.7. PLA in Other Industries
4.7.1. Market Size and Forecast, by Geography, 2012-2020 ($million)
CHAPTER 5. PLA PRODUCTION AND RAW MATERIALS
5.1. Corn
5.2. Tapioca
5.3. Sugarcane
5.4. Others
CHAPTER 6. PLA AND GEOGRAPHIC MARKETS
6.1. North America Polylactic Acid Market, 2012-2020 ($million)
6.2. Europe Polylactic Acid, 2012-2020 ($million)
6.3. Asia Pacific Polylactic Acid, 2012-2020 ($million)
6.4. Rest of the World Polylactic Acid, 2012-2020 ($million)
CHAPTER 7. COMPANY PROFILES
7.1. Nova Chemicals Corporation
7.1.1. Company Overview
7.1.2. Business Performance
7.1.3. Key Financials
7.1.4. Strategies
7.1.5. SWOT Analysis
7.2. Nature Works LLC
7.2.1. Company Overview
7.2.2. Business Performance
7.2.3. Key Financials
7.2.4. Strategies
7.2.5. SWOT Analysis
7.3. ExxonMobil Corporation
7.3.1. Company Overview
7.3.2. Business Performance
7.3.3. Key Financials
7.3.4. Strategies
7.3.5. SWOT Analysis
7.4. Eastman Chemical Company
7.4.1. Company Overview
7.4.2. Business Performance
7.4.3. Key Financials
7.4.4. Strategies
7.4.5. SWOT Analysis
7.5. DuPont Corporation
7.5.1. Company Overview
7.5.2. Business Performance
7.5.3. Key Financials
7.5.4. Strategies
7.5.5. SWOT Analysis
7.6. Dow Chemicals Corporation
7.6.1. Company Overview
7.6.2. Business Performance
7.6.3. Key Financials
7.6.4. Strategies
7.6.5. SWOT Analysis
7.7. Bayer AG
7.7.1. Company Overview
7.7.2. Business Performance
7.7.3. Key Financials
7.7.4. Strategies
7.7.5. SWOT Analysis
7.8. China Petroleum & Chemical Corporation
7.8.1. Company Overview
7.8.2. Business Performance
7.8.3. Key Financials
7.8.4. Strategies
7.8.5. SWOT Analysis
7.9. Mitsubishi Chemical Corporation
7.9.1. Company Overview
7.9.2. Business Performance
7.9.3. Key Financials
7.9.4. Strategies
7.9.5. SWOT Analysis
7.10. Braskem
7.10.1. Company Overview
7.10.2. Business Performance
7.10.3. Key Financials
7.10.4. Strategies
7.10.5. SWOT Analysis
LIST OF TABLES:
TABLE 1 GLOBAL POLY LACTIC ACID MARKET REVENUES, 2013-2020 ($MILLION)
TABLE 2 GLOBAL POLY LACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 3 GLOBAL POLY LACTIC ACID MARKET REVENUES IN PACKAGING, 2013-2020 ($MILLION)
TABLE 4 GLOBAL POLY LACTIC ACID MARKET REVENUES IN TEXTILES, 2013-2020 ($MILLION)
TABLE 5 GLOBAL POLY LACTIC ACID MARKET REVENUES IN AGRICULTURE, 2013-2020 ($MILLION)
TABLE 6 GLOBAL POLY LACTIC ACID MARKET REVENUES IN BIO-MEDICALS, 2013-2020 ($MILLION)
TABLE 7 GLOBAL POLY LACTIC ACID MARKET REVENUES IN ELECTRONICS, 2013-2020 ($MILLION)
TABLE 8 GLOBAL POLY LACTIC ACID MARKET REVENUES IN OTHER INDUSTRIES, 2013-2020 ($MILLION)
TABLE 9 NORTH AMERICAN POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 10 EUROPEAN POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 11 ASIA-PACIFIC POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 12 REST OF THE WORLD POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 13 NOVA CHEMICALS SNAPSHOT
TABLE 14 NATUREWORKS SNAPSHOT
TABLE 15 EXXONMOBIL SNAPSHOT
TABLE 16 EASTMAN SNAPSHOT
TABLE 17 DUPONT CORPORATION SNAPSHOT
TABLE 18 DOW CHEMICAL CORPORATION SNAPSHOT
TABLE 19 BAYER AG SNAPSHOT
TABLE 20 SINOPEC SNAPSHOT
TABLE 21 MITSUBISHI CHEMICAL SNAPSHOT
TABLE 22 BRASKEM SNAPSHOT
LIST OF FIGURES:
FIG. 1 TYPE OF BIO-PLASTICS
FIG. 2 TOP TEN FACTORS IMPACTING PLA MARKET
FIG. 3 TOP INDUSTRY STRATEGIES IN PLA AND BIO-PLASTICS MARKET (2010 TO 2012)
FIG. 4 TOP INVESTMENT POCKETS IN PLA APPLICATIONS MARKET
FIG. 5 ELECTRONICS EQUIPMENT MANUFACTURING BY GEOGRAPHY 2012
FIG. 6 FINANCIAL REVENUES OF NOVA CHEMICALS FROM CONTINUING OPERATIONS AS PER PERFORMANCE SEGMENTS, 2010-2012 ($MILLION)
FIG. 7 SALES OF NOVA CHEMICALS, BY GEOGRAPHIC SEGMENT 2012 (%)
FIG. 8 SWOT ANALYSIS OF NOVA CHEMICALS CORPORATION
FIG. 9 SWOT ANALYSIS OF NATUREWORKS LLC
FIG. 10 PRIMARY SEGMENTS EARNINGS OF EXXONMOBIL, 2012 ($MILLION)
FIG. 11 SWOT ANALYSIS OF EXXONMOBIL CORPORATION
FIG. 12 FINANCIAL REVENUE OF EASTMAN, BY MARKETS, 2012 ($MILLION)
FIG. 13 COMBINED SALES OF EASTMAN REVENUE, BY GEOGRAPHY, 2012 ($MILLION)
FIG. 14 SWOT ANALYSIS OF EASTMAN CHEMICAL COMPANY
FIG. 15 NET SALES OF DUPONT CORPORATION AS PER BUSINESS SEGMENT, 2012 ($MILLION)
FIG. 16 SWOT ANALYSIS OF DUPONT
FIG. 17 SALES OF DOW CHEMICAL PER YEAR, 2010 - 2012 ($MILLION)
FIG. 18 PERCENT OF SALES OF DOW CHEMICAL AS PER GEOGRAPHY 2012 ($MILLION)
FIG. 19 SWOT ANALYSIS OF DOW CHEMICAL CORPORATION
FIG. 20 SALES OF BAYER AG AS PER SEGMENTS FOURTH QUARTER 2012 ($MILLION)
FIG. 21 SWOT ANALYSIS OF BAYER AG
FIG. 22 SINOPECS OPERATING PROFIT YEAR END 31 DECEMBER, 2010 - 2012 ($MILLION)
FIG. 23 SWOT ANALYSIS OF SINOPEC
FIG. 24 MITSUBISHI CHEMICAL CORPORATION TOTAL SALES (NON-CONSOLIDATED), 2010 - 2012 ($MILLION)
FIG. 25 SWOT ANALYSIS OF MITSUBISHI CHEMICAL CORPORATION
FIG. 26 BRASKEM NET REVENUE, 2010 - 2012 ($MILLION)
FIG. 27 SWOT ANALYSIS OF BRASKEM
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.
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