Polylactic Acid (PLA) is thermoplastic polyester derived from renewable feedstock such as corn starch, sugarcane, wheat, tapioca roots. PLA has wide application such as in Packaging, Textile, Agriculture, Transportation, Bio-Medical and Electronics industry. Due to environmental concerns and scarcity & volatility of prices of fossil fuels, many companies and government regulatory bodies are focusing to find substitute to oil-based products. Moreover, bio based plastics has huge potential to reduce the consumption and dependency on petroleum based feedstock and lessen negative impact on environment by reducing carbon footprints. Thus, PLA has emerged mainly as source of biodegradable plastics available in the market in recent years. Furthermore, ongoing research and technical development in the field of bio-based plastics have enhanced their properties such as high temperature resistance, thus increasing scope of its application market. The global Polylactic Acid market is presently facing supply crunch as few international manufacturers trying hard to meet rapidly rising demand for bio-based plastics. Thus, it is anticipated that the global Polylactic Acid market will grow at a double digit growth rate.
Meanwhile, raw materials such as corn, genetically modified wheat, sugarcane etc. is abundantly available in Asia Pacific region mainly China thus manufacturers can take advantage of this in availing cost benefit. Moreover, distribution channel also plays a vital role in the life cycle management of PLA due to presence of wide range of end user application.
The report analyses the global Polylactic Acid market by application namely Packaging, Textile, Agriculture, Transportation, Bio-Medical, Electronics and others. Packaging industry captures major share of the application market especially food packaging industry. Furthermore, it is preferred in food packaging industry due to increasing awareness about environmental concerns possess by the use of conventional plastics packaging. Moreover, bio-based plastics have lower carbon footprint as compared to fossil fuel plastics and hence is considered as a potential solution to prevent harmful impact on the environment caused by carbon footprints. Due to technological development and ongoing research on Poly lactic Acid production process it is anticipated that PLA market will find new application with better performance property. The demand of PLA in textile, packaging, transportation will continue to grow due to faster growth in end user industries.
The value chain analysis for Polylactic Acid market consists of stages such as raw material suppliers, Polylactic Acid manufacturers, distribution channels, packaging industry, end users industry. Various value added in each stage is explained in detailed in the report which will enable the stakeholders to be cost competitive and identify requisites for process improvement at various levels of product manufacturing. Top investment pocket analysis comparatively investigates the opportunities available for PLA manufacturers in different end-use industry segments. Various economic factors which are significant in determining market trend, buying decisions and market attractiveness had been analyzed for market estimation and forecasting. Detailed elaboration of drivers, restraints and opportunities in the report will enable in strategic decision making with perceptive to identify potential market. In addition to this, the study also discusses various environmental and regulatory factors critical for the market growth. Thus, estimation of market numbers, with due consideration to all these factors has helped in enhancing the scope of the report. This analysis will support stakeholders such as manufacturers and distributers of Polylactic Acid in identifying and capturing markets with high potential. Five force analysis discusses five forces such as bargaining power of buyers (commercial usage, food and beverage industry, textile, bio-medical, and electronic industry), bargaining power of suppliers (raw material suppliers), Degree of Competition, Threat of New Entrants, and Threat of Substitute Product in detailed. Historical data is provided for 2011, 2012 whereas forecast is available through 2018 in terms of revenue ($million) for each and every segment.
The report also analyses the global PLA market by geography namely North America, Europe, Asia Pacific, Latin America and RoW. Asia Pacific region is expected to grow at a faster rate due to increasing demand from end user market supported by easily availability of naturally occurring raw material such as corn, sugarcane, wheat and tapioca. Thus, many manufacturers are installing Polylactic Acid manufacturing plants in close proximity with such regions in order to get cost advantage. Also, in recent years, food and beverage and its export has increased in China thus it will enable growth of Polylactic Acid market with high double digit growth rate during the forecast period.
Company profiled in this report include Nova Chemicals Corporation, Dow Chemical, Eastman Chemical, DuPont Corporation, Bayer AG, Exxon Mobil Chemical, Chemson Group, Mitsubishi Chemical Corporation (MCC), China Petroleum & Chemical Corporation (Sinopec), Nova Chemicals Corporation and Braskem S.A. including others. The market is also analyzed on the basis of major market players in the global Polylactic Acid market. This analysis is done on the basis of their business strategies and recent organic and inorganic development. Company profiles of top worldwide market players included in this report covers their business strategies, financial overview, SWOT analysis and recent development. This inclusion will enhance the strategic business decision making of the stakeholders.
The global Polylactic Acid market is segmented as below:
Global Poly Lactic Acid Market - By Application
Textile (Wovens & Non Wovens)
Global Poly Lactic Acid Market - By Geography
North America Polylactic Acid Market
Europe Polylactic Acid Market
Asia Pacific Polylactic Acid Market
RoW Polylactic Acid Market.