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EUROPE POLYLACTIC ACID (PLA) MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Europe Polylactic Acid (PLA) Market by Product Form (Films and Sheets, Coatings, Fibers, Other Product Forms) Market by Application (Packaging, Agriculture, Electronics, Textiles, Medical, Automotive, Other Applications) Market by Raw Material (Corn, Sugarcane & Sugar Beet, Cassava, Other Raw Materials) by Geography


MARKET OVERVIEW

The Europe polylactic acid (PLA) market is anticipated to progress with a CAGR of 18.90% during the forecasted period of 2024 to 2032. Moreover, the market is set to reach a revenue of $xx million by 2032.

Key drivers, such as the surge in plastic production as well as the increasing applications within the region’s pharmaceutical industry, are anticipated to play an essential role in boosting the polylactic acid (PLA) market growth in Europe.

The Europe polylactic acid (PLA) market growth examination covers a detailed assessment of the United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe. In 2023, the United Kingdom represented xx% of the Europe polylactic acid market, with its growth primarily fueled by the expanding pharmaceutical industry. The rising demand for PLA in the nation is attributed to its applications in medical and pharmaceutical fields, such as injury management and drug delivery systems.

Europe Polylactic Acid (PLA) Market

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Moreover, the Association of the British Pharmaceutical Industry reported a significant growth of 2.3% in the overall UK manufacturing output, marking the most substantial increase in the last decade; the broader measure of industrial output also saw a notable rise of 2.0%. 

On the other hand, the primary market for polylactic acid in Spain is the packaging industry, specifically the carton packing & packaging manufacturing sector, which falls under the larger graphics industry. Over 137 companies contribute to the production of Spanish carton packaging products, catering to various sectors such as food, drugstore and cleaning, domestic appliances, pharmacy, perfume and cosmetics toys, footwear, textiles, and tobacco, among others. These factors, in turn, are set to bolster the polylactic acid (PLA) market growth in Europe during the forecasting years.

The Europe polylactic acid (PLA) market is segmented into product form, application, and raw material. The product form segment includes films and sheets, coatings, fibers, and other product forms. PLA, a readily available bio-based and biodegradable polymer, finds extensive use in coating applications. Paper coated with PLA becomes fully compostable, and the resulting material can be repulped to create basic raw materials like craft or tissue paper. 

PLA-coated paper is both recyclable and reusable. In comparison to PET-coated paper, PLA-coated paper offers advantages such as grease resistance and waterproofing, making it ideal for manufacturing cups. Notably, PLA-coated paper cups stand out for being derived from renewable resources like sugarcane or corn starch, which further propels the segment’s growth.

The top firms operating in the Europe polylactic acid (PLA) market are BASF, Futerro SA, Synbra Holding BV, etc.

Synbra Holding BV, headquartered in the Netherlands, is a chemical company specializing in the production and promotion of expandable polystyrene (EPS) compounds as well as associated products. The company’s product portfolio encompasses EPS beads, special EPS products (including Colored EPS, OTV and water filtration beads, Shock EPS, and HT EPS), BioFoam beads, and polystyrene compounds. The company’s polystyrene compounds are utilized across applications in thermoforming for food packaging, horti trays used in propagation and orchid growing, and floor heating panels.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Product Form, Application, and Raw Material
Countries AnalyzedUnited Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe
Companies AnalyzedBASF, Danimer Scientific, Dow Chemicals, Futerro SA, Mitsubishi Chemical Holding Corporation, Teijin Ltd, Good Natured Products Inc, Green Bioplastics, Innovia Films, NatureWorks LLC, Synbra Holding BV, Thyssenkrupp AG, Total-Corbion PLA, Zhejiang Hisun Biomaterials Co Ltd

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON POLYLACTIC ACID (PLA) MARKET
    5. MAJOR MARKET FINDINGS
      1. INCREASING UTILIZATION OF PLA IN BIOMEDICAL APPLICATIONS
      2. KEY MARKET PLAYERS ACTIVELY ENGAGING IN SUSTAINABILITY INITIATIVES
      3. INCREASING POPULARITY IN 3D PRINTING DUE TO ITS VERSATILITY
      4. PLA: POSITIVE ENVIRONMENTAL IMPACT
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING DEMAND FOR SUSTAINABLE PACKAGING
      2. SUPPORTIVE GOVERNMENT POLICIES AND REGULATIONS
      3. CONSUMER SHIFT TOWARDS GREEN PRODUCTS
    2. KEY RESTRAINTS
      1. RELATIVELY HIGHER PRODUCTION COSTS OF PLA
      2. PLA’S LIMITED HEAT RESISTANCE COMPARED TO CONVENTIONAL PLASTICS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. FOCUS ON HEAT-RESISTANT PLA VARIANTS
      2. DEVELOPMENT OF PLA BLENDS
      3. INTRODUCTION OF HIGH-PERFORMANCE PLA GRADES
      4. RAPID EXPANSION OF END USE INDUSTRIES INCORPORATING PLA
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SOURCING
      2. LACTIC ACID PRODUCTION
      3. MANUFACTURING OF PLA PRODUCTS
      4. DISTRIBUTION AND LOGISTICS
      5. CONSUMER USAGE
    7. KEY BUYING CRITERIA
      1. BIODEGRADABILITY AND COMPOSTABILITY
      2. CERTIFICATIONS AND STANDARDS
      3. QUALITY AND PERFORMANCE
      4. COST COMPETITIVENESS
    8. REGULATORY FRAMEWORK
  5. MARKET BY PRODUCT FORM
    1. FILMS AND SHEETS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. COATINGS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. FIBERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER PRODUCT FORMS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOMETRIC TONS)
    1. PACKAGING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. AGRICULTURE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ELECTRONICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. TEXTILES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. MEDICAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. AUTOMOTIVE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY RAW MATERIAL
    1. CORN
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. SUGARCANE & SUGAR BEET
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. CASSAVA
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER RAW MATERIALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOMETRIC TONS)
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE POLYLACTIC ACID (PLA) MARKET DRIVERS
      3. EUROPE POLYLACTIC ACID (PLA) MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE POLYLACTIC ACID (PLA) MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITLAY POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. BASF
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. DANIMER SCIENTIFIC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. DOW CHEMICALS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. FUTERRO SA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. GOOD NATURED PRODUCTS INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. GREEN BIOPLASTICS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. INNOVIA FILMS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. MITSUBISHI CHEMICAL HOLDING CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. NATUREWORKS LLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. SYNBRA HOLDING BV
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      11. TEIJIN LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      12. THYSSENKRUPP AG
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      13. TOTAL-CORBION PLA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      14. ZHEJIANG HISUN BIOMATERIALS CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – POLYLACTIC ACID

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: EUROPE POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: EUROPE POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: EUROPE POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: EUROPE POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 7: EUROPE POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOMETRIC TONS)

TABLE 8: EUROPE POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOMETRIC TONS)

TABLE 9: EUROPE POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: EUROPE POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 11: EUROPE POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: EUROPE POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 13: EUROPE POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILOMETRIC TONS)

TABLE 14: EUROPE POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILOMETRIC TONS)

TABLE 15: KEY PLAYERS OPERATING IN EUROPE POLYLACTIC ACID (PLA) MARKET

TABLE 16: LIST OF MERGERS & ACQUISITIONS

TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: MAJOR MARKET FINDINGS

FIGURE 2: MARKET DYNAMICS

FIGURE 3: KEY MARKET TRENDS

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

FIGURE 6: GROWTH PROSPECT MAPPING

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: VALUE CHAIN ANALYSIS

FIGURE 10: KEY BUYING CRITERIA

FIGURE 11: EUROPE POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY PRODUCT FORM, IN 2023

FIGURE 12: EUROPE POLYLACTIC ACID (PLA) MARKET, BY FILMS AND SHEETS, 2024-2032 (IN $ MILLION)

FIGURE 13: EUROPE POLYLACTIC ACID (PLA) MARKET, BY COATINGS, 2024-2032 (IN $ MILLION)

FIGURE 14: EUROPE POLYLACTIC ACID (PLA) MARKET, BY FIBERS, 2024-2032 (IN $ MILLION)

FIGURE 15: EUROPE POLYLACTIC ACID (PLA) MARKET, BY OTHER PRODUCT FORMS, 2024-2032 (IN $ MILLION)

FIGURE 16: EUROPE POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 17: EUROPE POLYLACTIC ACID (PLA) MARKET, BY PACKAGING, 2024-2032 (IN $ MILLION)

FIGURE 18: EUROPE POLYLACTIC ACID (PLA) MARKET, BY AGRICULTURE, 2024-2032 (IN $ MILLION)

FIGURE 19: EUROPE POLYLACTIC ACID (PLA) MARKET, BY ELECTRONICS, 2024-2032 (IN $ MILLION)

FIGURE 20: EUROPE POLYLACTIC ACID (PLA) MARKET, BY TEXTILES, 2024-2032 (IN $ MILLION)

FIGURE 21: EUROPE POLYLACTIC ACID (PLA) MARKET, BY MEDICAL, 2024-2032 (IN $ MILLION)

FIGURE 22 EUROPE POLYLACTIC ACID (PLA) MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)

FIGURE 23: EUROPE POLYLACTIC ACID (PLA) MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 24: EUROPE POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2023

FIGURE 25: EUROPE POLYLACTIC ACID (PLA) MARKET, BY CORN, 2024-2032 (IN $ MILLION)

FIGURE 26: EUROPE POLYLACTIC ACID (PLA) MARKET, BY SUGARCANE & SUGAR BEET, 2024-2032 (IN $ MILLION)

FIGURE 27: EUROPE POLYLACTIC ACID (PLA) MARKET, BY CASSAVA, 2024-2032 (IN $ MILLION)

FIGURE 28: EUROPE POLYLACTIC ACID (PLA) MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ MILLION)

FIGURE 29: EUROPE POLYLACTIC ACID (PLA) MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 30: UNITED KINGDOM POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 31: GERMANY POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 32: FRANCE POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 33: ITALY POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 34: SPAIN POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 35: BELGIUM POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 36: POLAND POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 37: REST OF EUROPE POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)

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