The use of bio-based materials as food packaging materials is on a continuous rise, owing to their advantages over fossil-based plastics, such as use of renewable resources in their production and, in many cases, the biodegradability and/or compostability of the finished product, which offers an alternative to disposal in landfills. The most common bio-based plastic synthesized from bio-based monomer is polylactic acid.
PLA is an aliphatic polyester produced by the polymerization of lactic acid (2-hydroxypropionic acid). Lactic acid can be produced synthetically from hydrogen cyanide and acetaldehyde, or naturally by anaerobic fermentation by bacteria or certain fungi of carbon substrates, either pure (e.g., glucose and sucrose) or impure (e.g., starch). Bio-PLA films can hold creases or twists, a property normally lacking in plastic films. The physical properties of PLA make it an ideal candidate for replacement of fossil-based plastics in several application areas of low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene (PP), and polyethylene terephthalate (PET).
Scope of the Report:This report focuses on the Bio-polylactic Acid (PLA) Films in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Positive growth indicators in the food & beverage industry and increase in demand for food packaging for prolonged preservation drive the bio-PLA films market. Moreover, rapid adoption of these films as a synthetic plastic in agricultural applications, such as cultivation of soft fruits and vegetables, has reduced harsh environmental impacts, leading to market growth. However, high product cost in comparison with synthetic and semi-synthetic films restrains the growth. In addition, relatively low vapor barrier and mechanical properties of the product may hamper industry growth in the future.
The worldwide market for Bio-polylactic Acid (PLA) Films is expected to grow at a CAGR of roughly 14.7% over the next five years, will reach 890 million US$ in 2023, from 390 million US$ in 2017, according to a new study.
Market Segment by Manufacturers, this report covers NatureWorks LLC
Futerro
Tale & Lyle
Total Corbion PLA
Hiusan Biosciences
Toray Industries, Inc.
Taghleef Industries
Amcor Ltd.
Toyobo Co, Ltd.
Avery Dennison Corporation
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Sol-Gel
Atomic Layer Deposition (ALD)
Multilaye
Market Segment by Applications, can be divided into Food & Beverages
Home & Personal Care
Pharmaceuticals
Agriculture
Others
There are 15 Chapters to deeply display the global Bio-polylactic Acid (PLA) Films market.
Chapter 1, to describe Bio-polylactic Acid (PLA) Films Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Bio-polylactic Acid (PLA) Films, with sales, revenue, and price of Bio-polylactic Acid (PLA) Films, in 2018 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Bio-polylactic Acid (PLA) Films, for each region, from 2015 to 2020;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;
Chapter 12, Bio-polylactic Acid (PLA) Films market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026;
Chapter 13, 14 and 15, to describe Bio-polylactic Acid (PLA) Films sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
