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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, 2014 - 2020
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Renewable, Speciality and fine chemicals	MA_1378	Pages: 101	Nov 2013 \| 24453 Views
Author(s) : Sarah Clark and Ranjan Singh	Tables: 22	Charts: NA	Formats*:

Polylactic Acid (PLA) Market is expected to garner $5.2 billion by 2020, registering a CAGR of 19.5% during the forecast period 2014-2020. 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, 2014-2020 (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   Report description
1.2   key market benefits
1.3   key market segments
1.4   Research methodology

1.4.1   Secondary research
1.4.2   Primary research
1.4.3   Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective
2.2 Market beyond: what to expect by 2025

2.2.1   Moderate growth scenario
2.2.2   Rapid growth scenario
2.2.3   Critical growth scenario

CHAPTER 3 MARKET OVERVIEW

3.1   Market definition and scope
3.2   Why use PLA-based packaging?
3.3   Ban/restrictions on plastic bags creating market opportunities for PLA market
3.4   Africa

3.4.1 South Africa
3.4.2 Others

3.5 Asia-Pacific

3.5.1   Australia
3.5.2   Bangladesh
3.5.3   China
3.5.4   India
3.5.5   Hong Kong
3.5.6   New Zealand
3.5.7   Taiwan

3.6 Europe and Middle East

3.6.1   Denmark
3.6.2   France
3.6.3   Germany
3.6.4   United Kingdom

3.7 The Americas

3.7.1   Canada
3.7.2   Mexico
3.7.3   United States of America

3.8   Top factors impacting the PLA market
3.9   Top investment pockets
3.10   Porter’s five force analysis

3.10.1   Large customer base and high forward integration strategy lead to high bargaining power of suppliers
3.10.2   The presence of potential substitute products and low switching cost lead to high bargaining power of buyers
3.10.3   Threat of new entrants is low owing to the complex distribution channels and dependence of profitability on economies of scale
3.10.4   Threat of substitute is high due to the presence of other potential biodegradable plastics and low-cost conventional plastics in the market
3.10.5   Presence of few competitors and rapid industry growth rate cause moderate competitive rivalry in the market

3.11 Value chain analysis
3.12 Drivers

3.12.1   Increasing environmental awareness
3.12.2   Government incentives
3.12.3   Unique physical properties
3.12.4   Easy availability of raw materials

3.13 Restraints

3.13.1   Need for industrial composting units
3.13.2   Agricultural fiber alternatives
3.13.3   High cost of raw materials

3.14 Opportunities

3.14.1   Blending of PLA with other materials
3.14.2   Production of PLA from second-generation biomass
3.14.3   Rising adoption of PLA among end user industries

CHAPTER 4 GLOBAL PLA MARKET, BY APPLICATIONS

4.1 Introduction

4.1.1 Market size and forecast

4.2 Packaging

4.2.1 Market size and forecast

4.3 Textile (woven & non-woven)

4.3.1 Market size and forecast

4.4 Agriculture

4.4.1 Market size and forecast

4.5 Bio-medical

4.5.1 Market size and forecast

4.6 Electronics

4.6.1 Market size and forecast

4.7 Others

4.7.1 Market size and forecast

CHAPTER 5 PLA PRODUCTION AND RAW MATERIALS

5.1   CORN
5.2   TAPIOCA
5.3   Sugarcane
5.4   OTHERS

CHAPTER 6 GLOBAL PLA MARKET, BY GEOGRAPHY, 2014-2020

6.1 INTRODUCTION

6.1.1 Market size and forecast

6.2 NORTH AMERICA

6.2.1 Market size and forecast

6.3 EUROPE

6.3.1 Market size and forecast

6.4 ASIA-PACIFIC (APAC)

6.4.1 Market size and forecast
6.4.2 China

6.4.2.1 Market size and forecast

6.4.3 Japan

6.4.3.1 Market size and forecast

6.4.4 Thailand

6.4.4.1 Market size and forecast

6.4.5 Rest of Asia-Pacific

6.4.5.1 Market size and forecast

6.5 LAMEA

6.5.1 Market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1 NatureWorks LLC

7.1.1   Company overview
7.1.2   Company snapshot
7.1.3   Business performance
7.1.4   Strategic moves and developments

7.1.4.1 Primary strategy: collaboration & partnership
7.1.4.2 SECONDARY STRATEGY: INNOVATIOn

7.1.5 Swot analysis of NatureWorks LLC

7.2 Corbion Purac

7.2.1   Company Overview
7.2.2   Business performance
7.2.3   Strategic moves and developments

7.2.3.1 Primary strategy: joint venture and partnership
7.2.3.2 secondary strategy: expansion

7.2.4 Swot analysis of Corbion Purac

7.3 Hisun Biomaterials

7.3.1   Company Overview
7.3.2   Strategic moves and developments
7.3.3   Swot analysis of Hisun Biomaterials

7.5 Synbra Technology bv

7.5.1 Company Overview

7.6 Nantong Jiuding Biological Engineering Co. Ltd.

7.6.1 Company Overview

7.7 CHONGQING BOFEI BIOCHEMICAL PRODUCTS CO., LTD.

7.7.1 Company Overview

7.8 FUTERRO

7.8.1 Company overview

List of Figures

FIG. 1   TOP FACTORS IMPACTING WORLD PLA MARKET
FIG. 1   TOP INVESTMENT POCKET IN PLA MARKET
FIG. 2   CORBION PURAC ANNUAL NET SALES, $ MILLION
FIG. 3   CORBION PURAC NET SALES, BY GEOGRAPHY-2014
FIG. 4   SWOT ANALYSIS OF CORBION PURAC
FIG. 5   SWOT ANALYSIS OF HISUN BIOMATERIALS

List of Tables

TABLE 1   WORLD PLA MARKET VOLUME, BY GEOGRAPHY, 2014-2020, (KILO TON)
TABLE 2   WORLD PLA MARKET REVENUE, BY GEOGRAPHY, 2014-2020, ($ MILLION)
TABLE 1   WORLD PLA MARKET MODERATE GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 – 2025 (KILO TON)
TABLE 2   WORLD PLA MARKET MODERATE GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 3   WORLD PLA MARKET RAPID GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 – 2025 (KILO TON)
TABLE 4   WORLD PLA MARKET RAPID GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 5   WORLD PLA MARKET CRITICAL GROWTH SCENARIO VOLUME, BY GEOGRAPHY, 2020 – 2025 (KILO TON)
TABLE 6   WORLD PLA MARKET CRITICAL GROWTH SCENARIO VALUE, BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 1   WORLD POLYLACTIC ACID MARKET, BY APPLICATION, VOLUME (KILO TON), 2014-2020
TABLE 2   WORLD POLYLACTIC ACID MARKET, BY APPLICATION, REVENUE($MILLION), 2014-2020
TABLE 3   WORLD POLYLACTIC ACID PACKAGING APPLICATION MARKET, BY VOLUME (KILO TON), 2014 – 2020
TABLE 4   WORLD POLYLACTIC ACID PACKAGING APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 – 2020
TABLE 5   WORLD POLYLACTIC ACID TEXTILE APPLICATION MARKET, BY VOLUME (KILO TON), 2014 – 2020
TABLE 6   WORLD POLYLACTIC ACID TEXTILE APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 – 2020
TABLE 7   WORLD POLYLACTIC ACID AGRICULTURAL APPLICATION MARKET, BY VOLUME (KILO TON), 2014 – 2020
TABLE 8   WORLD POLYLACTIC ACID AGRICULTURAL APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 – 2020
TABLE 9   WORLD POLYLACTIC ACID BIO-MEDICAL APPLICATION MARKET, BY VOLUME (KILO TON), 2014 – 2020
TABLE 10   WORLD POLYLACTIC ACID BIO-MEDICAL APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 – 2020
TABLE 11   WORLD POLYLACTIC ACID ELECTRONICS APPLICATION MARKET, BY VOLUME (KILO TON), 2014 – 2020
TABLE 12   WORLD POLYLACTIC ACID ELECTRNICS APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 – 2020
TABLE 13   WORLD POLYLACTIC ACID OTHER APPLICATION MARKET, BY VOLUME (KILO TON), 2014 – 2020
TABLE 14   WORLD POLYLACTIC ACID OTHER APPLICATION MARKET, BY REVENUE ($ MILLION), 2014 – 2020
TABLE 15   WORLD POLYLACTIC ACID MARKET, BY GEOGRAPHY, VOLUME (KILO TON), 2014-2020
TABLE 16   WORLD POLYLACTIC ACID MARKET, BY GEOGRAPHY, REVENUE($MILLION), 2014-2020
TABLE 17   NORTH AMERICA POLYLACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 – 2020
TABLE 18   NORTH AMERICA POLYLACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 – 2020
TABLE 19   EUROPE POLYLACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 – 2020
TABLE 20   EUROPE POLYLACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 – 2020
TABLE 21   ASIA PACIFIC POLYLACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 – 2020
TABLE 22   ASIA PACIFIC POLYLACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 – 2020
TABLE 23   CHINA PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 24   JAPAN PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 25   THAILAND PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 26   REST OF APAC PLA MARKET VOLUME (KILO TON) AND REVENUE ($ MILLION), 2014-2020
TABLE 27   LAMEA POLYLACTIC ACID MARKET VOLUME, BY APPLICATION (KILO TON), 2014 – 2020
TABLE 28   ASIA PACIFIC POLYLACTIC ACID MARKET REVENUE, BY APPLICATION ($ MILLION), 2014 – 2020
TABLE 29   NATUREWORKS SNAPSHOT
TABLE 30   NANTONG JIUDING BIOLOGICAL ENGINEERING CO. LTD. SNAPSHOT
TABLE 31   CHONGQING BOFEI BIOCHEMICAL PRODUCTS CO., LTD. SNAPSHOT
TABLE 32   DOW CHEMICALS CORPORATION BUSINESS SNAPSHOT

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.