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GERMANY POLYLACTIC ACID (PLA) MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Germany 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)

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MARKET OVERVIEW

The Germany polylactic acid (PLA) market is evaluated to rise with a CAGR of 18.50% during the forecast years of 2024 to 2032. Moreover, the market is expected to reach a revenue of $xx million by 2032.

The utilization of polylactic acid (PLA) bioplastics is gaining significant traction in Germany, especially in the automotive sector, encompassing visible interior components to under-the-hood elements. Notably, PLA compounds are commonly employed in the production of air filter parts. Germany, recognized as the epicenter of automobile production and innovation, has a rich history in automotive innovation. Pioneers like Nikolaus Otto and Karl Benz have developed four-stroke engines in the country, laying the foundation for the automotive industry. 

Furthermore, according to the European Automobile Manufacturers Association, Germany stands out globally for its exceptional automotive industry and engineering excellence. It also holds the top position in the region’s automotive market in terms of sales and production, contributing to more than 20% of all new registrations and approximately 30% of all passenger cars manufactured. In addition, Germany boasts a significant concentration of Original Equipment Manufacturer (OEM) plants in Europe, as well. Subsequently, these factors are anticipated to boost the polylactic acid (PLA) market growth in Germany during the forecast period.

Germany Polylactic Acid (PLA) Market

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The Germany polylactic acid (PLA) market is segmented into product form, application, and raw material. The application segment includes packaging, agriculture, electronics, textiles, medical, automotive, and other applications. The global textile industry is experiencing rapid growth, particularly following the elimination of the global quota scheme. The integration of advanced technologies in the textile sector is expected to drive the demand for textile products in the forecast period. With the environmental concerns associated with non-biodegradable synthetic-polyester fabrics leading to soil pollution and landfills, there is a notable increase in the adoption of polylactic acid (PLA) in the textile industry due to its eco-friendly properties. 

PLA finds versatile applications in fibers, including apparels, furnishings, nonwovens, and industrial carpets. It is utilized in the manufacturing of various fashion garments, ranging from casual and active wear to underwear. In the non-woven category, PLA is used in products such as wipes, hygiene items, automotive head and door liners, diapers, shoe liners, and paper reinforcement. Additionally, PLA finds applications in furnishing, including decorative fabrics, blankets, panels, and upholstery. Its usage extends to agricultural and geotextile manufacturing. Notably, PLA is employed in the production of fiberfill products like pillows, comforters, duvets, furniture, and mattresses.

Some of the prominent companies operating in the Germany polylactic acid (PLA) market are Innovia Films, Mitsubishi Chemical Holding Corporation, Teijin Ltd, etc.

Thyssenkrupp AG, headquartered in Germany, boasts 200 years of business experience in various sectors, including Components Technology, Industrial Solutions, Materials Services, Elevator Technology, Steel Europe, and Steel Americas. Known for delivering reliable products, services, and solutions with a compelling price-performance ratio, the company operates globally.

The company announced the commencement of production at the world’s first commercial plant utilizing its patented PLAneo technology for bioplastic polylactide (PLA). The facility produces various standard PLA types, supporting the manufacturing of environmentally friendly packaging, fibers, textiles, and engineering plastics.

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 AnalyzedGermany
Companies AnalyzedBASF, Danimer Scientific, Dow Chemicals, Futerro SA, Innovia Films, Mitsubishi Chemical Holding Corporation, Teijin Ltd, Thyssenkrupp AG

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT – GERMANY
    3. COUNTRY ANALYSIS – GERMANY
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON POLYLACTIC ACID (PLA) MARKET
    6. 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 – GERMANY
    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. 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. INNOVIA FILMS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. MITSUBISHI CHEMICAL HOLDING CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. TEIJIN LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. THYSSENKRUPP AG
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – POLYLACTIC ACID

TABLE 1: COUNTRY SNAPSHOT – GERMANY

TABLE 2: REGULATORY FRAMEWORK

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

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

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

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

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

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

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

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

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 – GERMANY

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: VALUE CHAIN ANALYSIS

FIGURE 10: KEY BUYING CRITERIA

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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