ポリ乳酸(PLA)市場:グレード別(熱成形、押出、射出成形、ブロー成形)、用途別(硬質熱成形)、最終用途産業別(包装、消費財、農業、繊維、バイオ医療)、地域別 - 2028年までの世界予測Poly Lactic Acid (PLA) Market by Grade (Thermoforming, Extrusion, Injection Molding, Blow Molding), Application (Rigid Thermoform), End-use Industry (Packaging, Consumer Goods, Agricultural, Textile, Biomedical) & Region - Global Forecast to 2028 世界のPLA市場は、2023年の15億米ドルから年平均成長率17.1%で、2028年には33億米ドルに達すると予測されている。包装業界におけるPLA需要の増加、欧州の政府規制、グリーン調達政策に対する政府の関心の高まり、... もっと見る
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サマリー世界のPLA市場は、2023年の15億米ドルから年平均成長率17.1%で、2028年には33億米ドルに達すると予測されている。包装業界におけるPLA需要の増加、欧州の政府規制、グリーン調達政策に対する政府の関心の高まり、環境に優しく生分解性のプラスチック製品に対する消費者の嗜好の変化と消費者意識の高まりは、PLAメーカーに大きな成長機会を提供すると予想される。"消費財最終用途産業は、PLA市場の最終用途産業セグメントにおいて金額ベースで第2位のシェアを占めている。" 消費財最終用途産業は、PLA市場で2番目に大きなシェアを占めている。PLAはバイオベースの生分解性ポリマーであり、従来のプラスチックに代わる環境に優しい素材である。消費財メーカー各社は、持続可能性を優先する傾向を強めており、自社製品に環境に優しい素材を積極的に求めている。さらに、PLAは優れた加工性を持っているため、包装、使い捨てカトラリー、繊維製品、パーソナルケアアイテムなど、幅広い消費財に使用することができる。その多用途性と環境に優しい性質が相まって、PLAは製造業者にも消費者にも好まれる選択肢となっており、PLA市場の消費財分野で大きな存在感を示している。 「熱成形グレードは、PLA市場のグレードセグメントにおいて金額ベースで最大のシェアを占めている。 熱成形グレードのPLAの需要がPLA市場で高いのは、熱成形工程に非常に適しているその特性によるものである。熱成形は、プラスチックシートを加熱し、所望の形状に成形することを含む。熱成形グレードのPLAは耐熱性、寸法安定性、透明性に優れており、包装、使い捨て食品容器、消費者製品に最適です。その透明な性質は、魅力的な製品ディスプレイを可能にし、形状を保持し高温に耐える能力は耐久性を保証します。さらに、PLAの生分解性と再生可能な性質は、環境に優しいパッケージング・ソリューションを好む消費者の嗜好に合致しており、熱成形グレードのPLAの需要をさらに煽っている。 「ヨーロッパはPLAの最大市場 厳しい政府規制と使い捨てプラスチックの禁止により、ヨーロッパはPLAの主要市場となっている。この地域は持続可能な慣行を重視しているため、消費者の嗜好に応える革新的なパッケージング・ソリューションに多額の投資が行われている。特筆すべきは、ドイツやイギリスのような、特に包装食品を中心とした食品・飲料産業が確立している国が、環境に配慮した規則や規制によりPLAの需要をさらに押し上げていることである。この傾向は、当面PLA市場の成長を促進すると予測される。 最高経営責任者(CEO)、マーケティング責任者、その他のイノベーション・技術責任者、PLA市場で事業を展開する様々な主要組織の幹部に対して詳細なインタビューを実施し、いくつかのセグメントの市場規模を決定・検証するために二次調査から情報を収集した。 - 企業タイプ別ティア1:35%、ティア2:45%、ティア3:20 - 役職別Cレベル経営幹部-35%、取締役-25%、その他-40 - 地域別APAC - 40%、ヨーロッパ - 30%、北米 - 20%、中東・アフリカ - 5%、南米 - 5 PLA市場には、NatureWorks LLC(米国)、Total Corbion PLA(オランダ)、BASF SE(ドイツ)、Futerro(ベルギー)、COFCO(中国)、三菱化学(日本)、Danimer Scientific(米国)、UNITIKA LTD.(日本)、Evonik Industries(ドイツ)、TORAY INDUSTRIES, INC.(日本)などの主要企業が含まれる。この調査には、PLA市場におけるこれらの主要企業の会社概要、最近の動向、主要市場戦略などの詳細な競合分析が含まれている。 調査範囲 本レポートでは、PLA市場をグレード、用途、最終用途産業、地域別に分類し、各地域における市場全体の価値を推計しています。主要な業界プレイヤーを詳細に分析し、PLA市場に関連する事業概要、製品・サービス、主要戦略、新製品発表、事業拡大、合併・買収に関する洞察を提供しています。 このレポートを購入する主な利点 この調査レポートは、産業分析(業界動向)、トップ企業の市場ランキング分析、企業プロフィールなど、様々なレベルの分析に焦点を当てており、これらを合わせて、競争環境、PLA市場の新興および高成長セグメント、高成長地域、市場促進要因、阻害要因、機会、課題などに関する全体像を把握することができます。 本レポートでは、以下のポイントに関する洞察を提供している: - 市場への浸透:世界のHTF市場におけるトップ企業が提供するPLA市場に関する包括的な情報。 - 促進要因の分析:(環境に優しいプラスチック製品に対する消費者の嗜好の変化、包装や堆肥化可能な袋の用途での使用の増加)、抑制要因(従来のプラスチックよりもPLAの価格が高い)、機会(新しい用途の開発、APACの新興国での高い可能性)、熱管理ソリューション市場の成長に影響を与える課題(性能問題、高価で複雑な製造工程)。 - 製品開発/イノベーション:PLA市場における今後の技術、研究開発活動、新製品発売に関する詳細な洞察。 - 市場開発:有利な新興市場に関する包括的な情報 - 当レポートでは、地域ごとのPLA市場を分析しています。 - 市場容量:PLAを生産している企業の生産能力は、PLA市場の今後の生産能力とともに、入手可能な限り提供される。 - 競争力の評価:PLA市場における主要企業の市場シェア、戦略、製品、製造能力を詳細に評価。 目次1 INTRODUCTION 251.1 STUDY OBJECTIVES 25 1.2 MARKET DEFINITION 25 1.3 INCLUSIONS & EXCLUSIONS 26 TABLE 1 POLYLACTIC ACID MARKET: INCLUSIONS & EXCLUSIONS 26 1.4 STUDY SCOPE 26 1.4.1 MARKETS COVERED 26 FIGURE 1 POLYLACTIC ACID MARKET SEGMENTATION 26 1.4.2 REGIONS COVERED 27 1.4.3 YEARS CONSIDERED 27 1.5 CURRENCY CONSIDERED 27 1.6 UNITS CONSIDERED 28 1.7 LIMITATIONS 28 1.8 STAKEHOLDERS 28 1.9 SUMMARY OF CHANGES 29 1.10 RECESSION IMPACT ON POLYLACTIC ACID MARKET 30 2 RESEARCH METHODOLOGY 31 2.1 RESEARCH DATA 31 FIGURE 2 POLYLACTIC ACID MARKET: RESEARCH DESIGN 31 2.1.1 SECONDARY DATA 32 2.1.1.1 List of major secondary sources 32 2.1.1.2 Key data from secondary sources 33 2.1.2 PRIMARY DATA 33 2.1.2.1 Key data from primary sources 34 2.1.3 PRIMARIES 34 2.1.3.1 Primary interviews – Demand and supply sides 34 2.1.3.2 Key industry insights 35 2.1.3.3 Breakdown of primary interviews 35 2.2 MARKET SIZE ESTIMATION 36 FIGURE 3 MARKET SIZE ESTIMATION: APPROACH 1 36 FIGURE 4 MARKET SIZE ESTIMATION: APPROACH 2 36 2.2.1 TOP-DOWN APPROACH 37 2.2.1.1 Approach for arriving at market size using top-down analysis 37 FIGURE 5 TOP-DOWN APPROACH 37 2.2.2 BOTTOM-UP APPROACH 38 2.2.2.1 Approach for arriving at market size using bottom-up analysis 38 FIGURE 6 BOTTOM-UP APPROACH 39 2.3 FORECAST NUMBER CALCULATION 39 FIGURE 7 DEMAND-SIDE FORECAST PROJECTIONS 39 2.4 DATA TRIANGULATION 40 FIGURE 8 POLYLACTIC ACID MARKET: DATA TRIANGULATION 40 2.5 FACTOR ANALYSIS 41 2.6 ASSUMPTIONS 41 2.7 LIMITATIONS & RISKS ASSOCIATED WITH POLYLACTIC ACID MARKET 42 3 EXECUTIVE SUMMARY 43 FIGURE 9 THERMOFORMING GRADE TO LEAD POLYLACTIC ACID MARKET DURING FORECAST PERIOD 44 FIGURE 10 RIGID THERMOFORMS APPLICATION TO LEAD MARKET DURING FORECAST PERIOD 44 FIGURE 11 PACKAGING INDUSTRY TO DOMINATE OVERALL POLYLACTIC ACID MARKET BETWEEN 2023 AND 2028 45 FIGURE 12 EUROPE LED POLYLACTIC ACID MARKET IN 2022 45 4 PREMIUM INSIGHTS 47 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POLYLACTIC ACID MARKET 47 FIGURE 13 ASIA PACIFIC OFFERS ATTRACTIVE OPPORTUNITIES IN POLYLACTIC ACID MARKET DURING FORECAST PERIOD 47 4.2 POLYLACTIC ACID MARKET, BY GRADE 47 FIGURE 14 THERMOFORMING GRADE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 47 4.3 POLYLACTIC ACID MARKET, BY APPLICATION 48 FIGURE 15 RIGID THERMOFORMS APPLICATION TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 48 4.4 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY 48 FIGURE 16 PACKAGING SEGMENT TO LEAD MARKET BY 2028 48 4.5 POLYLACTIC ACID MARKET, BY COUNTRY 49 FIGURE 17 MARKET IN JAPAN TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 49 5 MARKET OVERVIEW 50 5.1 INTRODUCTION 50 5.2 MARKET DYNAMICS 51 FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN POLYLACTIC ACID MARKET 51 5.2.1 DRIVERS 51 5.2.1.1 Changing consumer preference toward eco-friendly plastic products 51 TABLE 2 ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS 52 5.2.1.2 Increasing use in packaging and compostable bag applications 54 5.2.1.3 Government focus on green procurement policies and regulations 54 5.2.1.4 Technological advancements to encourage production of polylactic acid 54 5.2.2 RESTRAINTS 55 5.2.2.1 Higher prices of polylactic acid than conventional plastics 55 5.2.3 OPPORTUNITIES 55 5.2.3.1 Development of new applications 55 5.2.3.2 High potential in emerging countries of Asia Pacific 55 5.2.3.3 Multifunctionalities of polylactic acid 55 5.2.4 CHALLENGES 56 5.2.4.1 Performance issues 56 5.2.4.2 Fluctuating oil prices create volatility in demand for polylactic acid 56 5.2.4.3 Expensive and complex production process 56 5.3 PORTER'S FIVE FORCES ANALYSIS 57 FIGURE 19 PORTER'S FIVE FORCES ANALYSIS 57 TABLE 3 PORTER'S FIVE FORCES ANALYSIS 58 5.3.1 BARGAINING POWER OF SUPPLIERS 58 5.3.2 BARGAINING POWER OF BUYERS 58 5.3.3 THREAT OF SUBSTITUTES 58 5.3.4 THREAT OF NEW ENTRANTS 59 5.3.5 INTENSITY OF COMPETITIVE RIVALRY 59 5.4 VALUE CHAIN ANALYSIS 59 FIGURE 20 OVERVIEW OF POLYLACTIC ACID MARKET VALUE CHAIN 60 5.4.1 RAW MATERIAL SUPPLIERS 61 5.4.2 MANUFACTURERS 61 5.4.3 DISTRIBUTORS 61 5.4.4 END-CONSUMERS 61 5.4.5 SUPPLIERS OF POLYLACTIC ACID MANUFACTURING EQUIPMENT 61 5.5 PATENT ANALYSIS 62 5.5.1 METHODOLOGY 62 5.5.2 PATENTS GRANTED WORLDWIDE, 2012–2022 62 TABLE 4 TOTAL NUMBER OF PATENTS 63 5.5.3 PATENT PUBLICATION TRENDS 63 FIGURE 21 TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS 63 5.5.4 INSIGHTS 63 5.5.5 LEGAL STATUS OF PATENTS 64 FIGURE 22 PATENT ANALYSIS, BY LEGAL STATUS 64 5.5.6 JURISDICTION-WISE PATENT ANALYSIS 64 FIGURE 23 TOP JURISDICTIONS FOR POLYLACTIC ACID PATENTS 64 5.5.7 TOP COMPANIES/APPLICANTS 65 FIGURE 24 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 65 5.5.8 TOP 10 PATENT OWNERS (US) DURING LAST 10 YEARS 65 TABLE 5 TOP TEN PATENT OWNERS 65 5.6 PRICE ANALYSIS 66 5.6.1 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY REGION 66 FIGURE 25 AVERAGE SELLING PRICE, BY REGION (USD/KG) 66 5.6.2 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY GRADE 66 FIGURE 26 AVERAGE SELLING PRICE, BY GRADE (USD/KG) 66 5.6.3 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY END-USE INDUSTRY 67 FIGURE 27 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (USD/KG) 67 5.6.4 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS 67 FIGURE 28 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS (USD/KG) 67 5.7 MANUFACTURING PROCESS OF POLYLACTIC ACID 68 FIGURE 29 MANUFACTURING PROCESSES OF PLA THROUGH LACTIC ACID 68 FIGURE 30 MANUFACTURING PROCESSES OF POLYLACTIC ACID THROUGH LACTIDE 69 5.7.1 RAW MATERIAL PREPARATION 69 5.7.2 LACTIDE PRODUCTION 69 5.7.3 LACTIDE PURIFICATION 70 5.7.4 LACTIDE DEPOLYMERIZATION 70 5.7.5 POLYMERIZATION CONTROL 70 5.7.6 POLYMER PURIFICATION AND PROCESSING 70 5.7.7 POST-PROCESSING AND FINISHING 70 5.7.8 PRODUCT MANUFACTURING 70 5.8 RAW MATERIAL ANALYSIS 70 5.8.1 STARCH 70 5.8.2 TAPIOCA ROOT 70 5.8.3 WOOD CHIPS 71 5.8.4 SUGARCANE 71 5.9 ECOSYSTEM/MARKET MAPPING 71 FIGURE 31 ECOSYSTEM MAPPING 71 TABLE 6 ECOSYSTEM 72 5.10 CASE STUDIES 72 5.10.1 NATUREWOKS LLC HELPS SHANGHAI TUOZHUO IN IMPROVING PERFORMANCE AND REDUCING COST AND MAINTENANCE OF WOOD MOLDS FOR METAL CASTING 72 5.10.2 NATUREWORKS LLC PROVIDES INGEO POLYLACTIC ACID FILAMENT TO EARL E. BAKKEN MEDICAL DEVICE CENTER TO STREAMLINE ITS 3D PROTOTYPING 73 5.11 REGULATORY LANDSCAPE 73 5.11.1 NORTH AMERICA 74 5.11.1.1 US 74 5.11.1.2 Canada 74 5.11.2 ASIA PACIFIC 74 5.11.3 EUROPE 75 TABLE 7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76 5.12 TRADE ANALYSIS 77 5.12.1 IMPORT–EXPORT SCENARIO OF POLYLACTIC ACID MARKET 77 TABLE 8 IMPORT TRADE DATA FOR POLYLACTIC ACID 77 TABLE 9 EXPORT TRADE DATA FOR POLYLACTIC ACID 78 5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 78 FIGURE 32 TRENDS IN POLYLACTIC ACID MARKET 78 5.14 KEY CONFERENCES & EVENTS, 2023–2024 79 TABLE 10 DETAILED LIST OF CONFERENCES & EVENTS 79 5.15 KEY FACTORS AFFECTING BUYING DECISIONS 80 5.15.1 PRICE 80 5.15.2 SUSTAINABILITY 80 5.15.3 PERFORMANCE 80 5.15.4 AVAILABILITY 80 5.15.5 REGULATIONS 80 5.15.6 BRAND REPUTATION 80 5.15.7 MARKET TRENDS 80 5.15.8 APPLICATION 81 5.16 TECHNOLOGY ANALYSIS 81 5.16.1 DEVELOPMENT OF NANOCELLULOSE AND NANOCOMPOSITES 81 6 POLYLACTIC ACID MARKET, BY RAW MATERIAL 82 6.1 INTRODUCTION 82 6.2 SUGARCANE 82 6.3 CORN 82 6.4 CASSAVA 82 6.5 SUGAR BEET 83 6.6 OTHERS 83 7 POLYLACTIC ACID MARKET, BY APPLICATION 84 7.1 INTRODUCTION 85 FIGURE 33 RIGID THERMOFORMS TO BE LARGEST SEGMENT OF POLYLACTIC ACID MARKET 85 TABLE 11 POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 85 TABLE 12 POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 86 TABLE 13 POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 86 TABLE 14 POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 86 7.2 RIGID THERMOFORMS 87 7.3 FILMS & SHEETS 88 7.4 BOTTLES 89 7.5 OTHERS 89 8 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY 91 8.1 INTRODUCTION 92 FIGURE 34 PACKAGING END-USE INDUSTRY TO LEAD OVERALL POLYLACTIC ACID MARKET 92 TABLE 15 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 93 TABLE 16 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 93 TABLE 17 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 93 TABLE 18 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 94 8.2 PACKAGING 94 8.2.1 FOOD PACKAGING 95 8.2.2 NON-FOOD PACKAGING 95 8.3 CONSUMER GOODS 96 8.3.1 ELECTRICAL APPLIANCES 96 8.3.2 DOMESTIC APPLIANCES 96 8.4 AGRICULTURE 96 8.4.1 PLANTER BOXES 97 8.4.2 TAPES & MULCH FILMS 97 8.4.3 NETTING 97 8.5 TEXTILE 97 8.5.1 DIAPERS AND WIPES 98 8.5.2 FEMALE HYGIENE 98 8.5.3 PERSONAL CARE, CLOTHES, DISPOSABLE GARMENTS, MEDICAL & HEALTHCARE, AND OTHER TEXTILES 98 8.6 BIO-MEDICAL 99 8.6.1 MEDICAL PLATES & SCREWS 99 8.6.2 IMPLANTS 100 8.7 OTHERS 100 9 POLYLACTIC ACID MARKET, BY GRADE 101 9.1 INTRODUCTION 102 FIGURE 35 THERMOFORMING GRADE TO BE LARGEST SEGMENT OF POLYLACTIC ACID MARKET 102 TABLE 19 POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 102 TABLE 20 POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 103 TABLE 21 POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 103 TABLE 22 POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 103 9.2 THERMOFORMING 104 9.3 INJECTION MOLDING 104 9.4 EXTRUSION 105 9.5 BLOW MOLDING 105 9.6 OTHERS 105 10 POLYLACTIC ACID MARKET, BY REGION 107 10.1 INTRODUCTION 108 TABLE 23 POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (USD MILLION) 109 TABLE 24 POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (USD MILLION) 109 TABLE 25 POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (KILOTON) 109 TABLE 26 POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (KILOTON) 110 10.2 ASIA PACIFIC 110 FIGURE 36 ASIA PACIFIC: POLYLACTIC ACID MARKET SNAPSHOT 111 TABLE 27 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 112 TABLE 28 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 112 TABLE 29 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 112 TABLE 30 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 113 TABLE 31 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 113 TABLE 32 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113 TABLE 33 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 114 TABLE 34 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 114 TABLE 35 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 114 TABLE 36 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 115 TABLE 37 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 115 TABLE 38 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 115 TABLE 39 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 116 TABLE 40 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 116 TABLE 41 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 116 TABLE 42 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 117 TABLE 43 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 117 TABLE 44 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 117 TABLE 45 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 118 TABLE 46 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 118 10.2.1 IMPACT OF RECESSION ON ASIA PACIFIC 118 10.2.2 CHINA 119 10.2.2.1 Increasing use of polylactic acid by packaging and consumer goods industries to drive market 119 TABLE 47 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 119 TABLE 48 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 120 TABLE 49 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 120 TABLE 50 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 120 10.2.3 INDIA 121 10.2.3.1 Ban on single-use plastics and NGO initiatives to boost market 121 TABLE 51 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 121 TABLE 52 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 122 TABLE 53 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 122 TABLE 54 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 122 10.2.4 JAPAN 123 10.2.4.1 Research on development of better polylactic acid grades to drive market 123 TABLE 55 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 123 TABLE 56 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 124 TABLE 57 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 124 TABLE 58 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 124 10.2.5 SOUTH KOREA 125 10.2.5.1 Government policies to support market growth 125 TABLE 59 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 125 TABLE 60 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 126 TABLE 61 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 126 TABLE 62 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 126 10.2.6 REST OF ASIA PACIFIC 127 TABLE 63 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 127 TABLE 64 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 127 TABLE 65 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 128 TABLE 66 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 128 10.3 EUROPE 128 FIGURE 37 EUROPE: POLYLACTIC ACID MARKET SNAPSHOT 129 TABLE 67 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 130 TABLE 68 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 130 TABLE 69 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 130 TABLE 70 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 131 TABLE 71 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 131 TABLE 72 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131 TABLE 73 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 132 TABLE 74 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 132 TABLE 75 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 132 TABLE 76 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 133 TABLE 77 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 133 TABLE 78 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 133 TABLE 79 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 134 TABLE 80 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 134 TABLE 81 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 134 TABLE 82 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 135 TABLE 83 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 135 TABLE 84 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 135 TABLE 85 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 136 TABLE 86 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 136 10.3.1 IMPACT OF RECESSION ON EUROPE 136 10.3.2 GERMANY 137 10.3.2.1 Ban on conventional plastics to drive market 137 TABLE 87 GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 137 TABLE 88 GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 138 TABLE 89 GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 138 TABLE 90 GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 138 10.3.3 UK 139 10.3.3.1 Stringent regulations regarding use of single-use plastics to drive market 139 TABLE 91 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 139 TABLE 92 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 140 TABLE 93 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 140 TABLE 94 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 140 10.3.4 FRANCE 141 10.3.4.1 Government initiatives to promote use of bioplastics to drive demand 141 TABLE 95 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 141 TABLE 96 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 142 TABLE 97 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 142 TABLE 98 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 142 10.3.5 ITALY 143 10.3.5.1 Food packaging industry to drive demand 143 TABLE 99 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 143 TABLE 100 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 144 TABLE 101 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 144 TABLE 102 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 144 10.3.6 SPAIN 145 10.3.6.1 Rising public awareness to drive demand 145 TABLE 103 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 145 TABLE 104 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 146 TABLE 105 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 146 TABLE 106 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 146 10.3.7 REST OF EUROPE 147 TABLE 107 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 147 TABLE 108 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 147 TABLE 109 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 148 TABLE 110 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 148 10.4 NORTH AMERICA 148 TABLE 111 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 149 TABLE 112 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 149 TABLE 113 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 149 TABLE 114 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 149 TABLE 115 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150 TABLE 116 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150 TABLE 117 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 150 TABLE 118 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 151 TABLE 119 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 151 TABLE 120 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 151 TABLE 121 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 152 TABLE 122 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 152 TABLE 123 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 152 TABLE 124 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 153 TABLE 125 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 153 TABLE 126 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 153 TABLE 127 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 154 TABLE 128 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 154 TABLE 129 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 154 TABLE 130 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 155 10.4.1 IMPACT OF RECESSION ON NORTH AMERICA 155 10.4.2 US 155 10.4.2.1 Limitations on use of conventional plastic in packaging industry to drive market 155 TABLE 131 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 156 TABLE 132 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 156 TABLE 133 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 156 TABLE 134 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 157 10.4.3 CANADA 157 10.4.3.1 Stringent environmental regulations to drive demand for polylactic acid 157 TABLE 135 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 158 TABLE 136 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 158 TABLE 137 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 158 TABLE 138 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 159 10.4.4 MEXICO 159 10.4.4.1 Highly skilled workforce to drive polylactic acid market 159 TABLE 139 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 159 TABLE 140 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 160 TABLE 141 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 160 TABLE 142 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 160 10.5 SOUTH AMERICA 161 TABLE 143 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 161 TABLE 144 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 161 TABLE 145 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 161 TABLE 146 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 162 TABLE 147 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 162 TABLE 148 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 162 TABLE 149 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 163 TABLE 150 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 163 TABLE 151 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 163 TABLE 152 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 164 TABLE 153 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 164 TABLE 154 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 164 TABLE 155 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 165 TABLE 156 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 165 TABLE 157 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 165 TABLE 158 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 166 TABLE 159 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 166 TABLE 160 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 166 TABLE 161 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 167 TABLE 162 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 167 10.5.1 IMPACT OF RECESSION ON SOUTH AMERICA 167 10.5.2 BRAZIL 168 10.5.2.1 Abundance of raw materials to support market growth 168 TABLE 163 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 168 TABLE 164 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 168 TABLE 165 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 169 TABLE 166 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 169 10.5.3 REST OF SOUTH AMERICA 169 TABLE 167 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 170 TABLE 168 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 170 TABLE 169 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 170 TABLE 170 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 171 10.6 MIDDLE EAST & AFRICA 171 TABLE 171 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171 TABLE 172 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171 TABLE 173 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 172 TABLE 174 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 172 TABLE 175 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 172 TABLE 176 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 173 TABLE 177 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 173 TABLE 178 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 173 TABLE 179 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 174 TABLE 180 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 174 TABLE 181 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 175 TABLE 182 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 175 TABLE 183 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 176 TABLE 184 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 176 TABLE 185 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 176 TABLE 186 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 177 TABLE 187 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 177 TABLE 188 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 177 TABLE 189 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 178 TABLE 190 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 178 10.6.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA 178 10.6.2 SAUDI ARABIA 179 10.6.2.1 Government regulations controlling use of conventional plastics to drive market 179 TABLE 191 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 179 TABLE 192 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 179 TABLE 193 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 180 TABLE 194 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 180 10.6.3 UAE 180 10.6.3.1 Focus on medical tourism and healthcare infrastructure to drive market 180 TABLE 195 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 181 TABLE 196 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 181 TABLE 197 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 181 TABLE 198 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 182 10.6.4 REST OF MIDDLE EAST & AFRICA 182 TABLE 199 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 182 TABLE 200 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 183 TABLE 201 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 183 TABLE 202 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 183 11 COMPETITIVE LANDSCAPE 184 11.1 INTRODUCTION 184 FIGURE 38 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND PRODUCT DEVELOPMENTS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022 184 11.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022 185 FIGURE 39 RANKING OF TOP FIVE PLAYERS IN POLYLACTIC ACID MARKET, 2022 185 11.3 MARKET SHARE ANALYSIS 185 FIGURE 40 POLYLACTIC ACID MARKET SHARE, BY COMPANY (2022) 185 TABLE 203 POLYLACTIC ACID MARKET: DEGREE OF COMPETITION 186 11.4 REVENUE ANALYSIS OF TOP PLAYERS 188 TABLE 204 POLYLACTIC ACID MARKET: REVENUE ANALYSIS (USD) 188 11.5 MARKET EVALUATION MATRIX 188 TABLE 205 MARKET EVALUATION MATRIX 188 11.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1) 189 11.6.1 STARS 189 11.6.2 EMERGING LEADERS 189 11.6.3 PERVASIVE PLAYERS 189 11.6.4 PARTICIPANTS 189 FIGURE 41 POLYLACTIC ACID MARKET: COMPANY EVALUATION MATRIX, 2022 190 11.7 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX 190 11.7.1 RESPONSIVE COMPANIES 190 11.7.2 STARTING BLOCKS 191 11.7.3 PROGRESSIVE COMPANIES 191 11.7.4 DYNAMIC COMPANIES 191 FIGURE 42 POLYLACTIC ACID MARKET: STARTUPS AND SMES MATRIX, 2022 191 11.8 COMPANY END-USE INDUSTRY FOOTPRINT 192 11.9 COMPANY REGION FOOTPRINT 193 11.9.1 STRENGTH OF PRODUCT PORTFOLIO 195 11.9.2 BUSINESS STRATEGY EXCELLENCE 196 11.10 COMPETITIVE SCENARIOS 197 11.10.1 PRODUCT LAUNCHES 197 TABLE 206 PRODUCT LAUNCHES, 2018–2022 197 11.10.2 DEALS 198 TABLE 207 DEALS, 2018–2022 198 11.10.3 OTHER DEVELOPMENTS 200 TABLE 208 OTHER DEVELOPMENTS, 2018–2022 200 12 COMPANY PROFILES 203 12.1 MAJOR PLAYERS 203 (Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)* 12.1.1 NATUREWORKS LLC 203 TABLE 209 NATUREWORKS LLC: COMPANY OVERVIEW 203 TABLE 210 NATUREWORKS LLC: PRODUCT LAUNCHES 204 TABLE 211 NATUREWORKS LLC: DEALS 205 TABLE 212 NATUREWORKS LLC: OTHERS 206 12.1.2 TOTALENERGIES CORBION 208 TABLE 213 TOTALENERGIES CORBION: COMPANY OVERVIEW 208 TABLE 214 TOTALENERGIES CORBION: PRODUCT LAUNCHES 209 TABLE 215 TOTALENERGIES CORBION: DEALS 209 TABLE 216 TOTALENERGIES CORBION: OTHERS 210 12.1.3 BASF SE 212 TABLE 217 BASF SE: COMPANY OVERVIEW 212 FIGURE 43 BASF SE: COMPANY SNAPSHOT 213 TABLE 218 BASF SE: DEALS 214 TABLE 219 BASF SE: OTHERS 214 12.1.4 COFCO 216 TABLE 220 COFCO: COMPANY OVERVIEW 216 TABLE 221 COFCO: OTHERS 217 12.1.5 FUTERRO 218 TABLE 222 FUTERRO: COMPANY OVERVIEW 218 TABLE 223 FUTERRO: OTHERS 219 12.1.6 DANIMER SCIENTIFIC 220 TABLE 224 DANIMER SCIENTIFIC: COMPANY OVERVIEW 220 FIGURE 44 DANIMER SCIENTIFIC: COMPANY SNAPSHOT 221 TABLE 225 DANIMER SCIENTIFIC: DEALS 222 TABLE 226 DANIMER SCIENTIFIC: OTHERS 222 12.1.7 TORAY INDUSTRIES, INC. 223 TABLE 227 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 223 FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 224 TABLE 228 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES 225 12.1.8 EVONIK INDUSTRIES 226 TABLE 229 EVONIK INDUSTRIES: COMPANY OVERVIEW 226 FIGURE 46 EVONIK INDUSTRIES: COMPANY SNAPSHOT 226 TABLE 230 EVONIK INDUSTRIES: PRODUCT LAUNCHES 227 TABLE 231 EVONIK INDUSTRIES: DEALS 227 TABLE 232 EVONIK INDUSTRIES: OTHERS 228 12.1.9 MITSUBISHI CHEMICAL CORPORATION 229 TABLE 233 MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW 229 FIGURE 47 MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT 229 TABLE 234 MITSUBISHI CHEMICAL CORPORATION: OTHERS 230 12.1.10 UNITIKA LTD. 231 TABLE 235 UNITIKA LTD.: COMPANY OVERVIEW 231 FIGURE 48 UNITIKA LTD.: COMPANY SNAPSHOT 231 *Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies. 12.2 OTHER PLAYERS 233 12.2.1 ZHEJIANG HISUN BIOMATERIALS CO., LTD. 233 12.2.2 SHANGHAI TONG-JIE-LIANG BIOMATERIALS CO., LTD. 233 12.2.3 CHONGQING BOFEI BIOCHEMICAL PRODUCTS, LTD. 233 12.2.4 ZHANGJIAGANG CREATE MATERIAL CO., LTD. 233 12.2.5 SYNBRA TECHNOLOGY 233 12.2.6 SUMITOMO CHEMICAL CO., LTD. 234 12.2.7 FKUR 234 12.2.8 MUSASHINO CHEMICAL LABORATORY, LTD. 234 12.2.9 AKRO-PLASTIC GMBH 234 12.2.10 VAISHNAVI BIO-TECH 234 12.2.11 CARBIOLICE 234 12.2.12 SHENZHEN ESUN INDUSTRIAL CO., LTD. 235 12.2.13 JIANGSU SUPLA BIOPLASTICS CO., LTD. 235 12.2.14 NANTONG JIUDING BIOLOGICAL ENGINEERING CO., LTD. 235 12.2.15 FLOREON 235 13 APPENDIX 236 13.1 DISCUSSION GUIDE 236 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 239 13.3 CUSTOMIZATION OPTIONS 241 13.4 RELATED REPORTS 241 13.5 AUTHOR DETAILS 242
SummaryThe global PLA market is projected to reach USD 3.3 billion by 2028, at a CAGR of 17.1% from USD 1.5 billion in 2023. Rising demand of PLA in packaging industry, government regulations in Europe, increased focus of government on green procurement policies, and shift in consumer preference toward eco-friendly and biodegradable plastic products and growing consumer awareness are expected to offer significant growth opportunities to manufacturers of PLA. Table of Contents1 INTRODUCTION 251.1 STUDY OBJECTIVES 25 1.2 MARKET DEFINITION 25 1.3 INCLUSIONS & EXCLUSIONS 26 TABLE 1 POLYLACTIC ACID MARKET: INCLUSIONS & EXCLUSIONS 26 1.4 STUDY SCOPE 26 1.4.1 MARKETS COVERED 26 FIGURE 1 POLYLACTIC ACID MARKET SEGMENTATION 26 1.4.2 REGIONS COVERED 27 1.4.3 YEARS CONSIDERED 27 1.5 CURRENCY CONSIDERED 27 1.6 UNITS CONSIDERED 28 1.7 LIMITATIONS 28 1.8 STAKEHOLDERS 28 1.9 SUMMARY OF CHANGES 29 1.10 RECESSION IMPACT ON POLYLACTIC ACID MARKET 30 2 RESEARCH METHODOLOGY 31 2.1 RESEARCH DATA 31 FIGURE 2 POLYLACTIC ACID MARKET: RESEARCH DESIGN 31 2.1.1 SECONDARY DATA 32 2.1.1.1 List of major secondary sources 32 2.1.1.2 Key data from secondary sources 33 2.1.2 PRIMARY DATA 33 2.1.2.1 Key data from primary sources 34 2.1.3 PRIMARIES 34 2.1.3.1 Primary interviews – Demand and supply sides 34 2.1.3.2 Key industry insights 35 2.1.3.3 Breakdown of primary interviews 35 2.2 MARKET SIZE ESTIMATION 36 FIGURE 3 MARKET SIZE ESTIMATION: APPROACH 1 36 FIGURE 4 MARKET SIZE ESTIMATION: APPROACH 2 36 2.2.1 TOP-DOWN APPROACH 37 2.2.1.1 Approach for arriving at market size using top-down analysis 37 FIGURE 5 TOP-DOWN APPROACH 37 2.2.2 BOTTOM-UP APPROACH 38 2.2.2.1 Approach for arriving at market size using bottom-up analysis 38 FIGURE 6 BOTTOM-UP APPROACH 39 2.3 FORECAST NUMBER CALCULATION 39 FIGURE 7 DEMAND-SIDE FORECAST PROJECTIONS 39 2.4 DATA TRIANGULATION 40 FIGURE 8 POLYLACTIC ACID MARKET: DATA TRIANGULATION 40 2.5 FACTOR ANALYSIS 41 2.6 ASSUMPTIONS 41 2.7 LIMITATIONS & RISKS ASSOCIATED WITH POLYLACTIC ACID MARKET 42 3 EXECUTIVE SUMMARY 43 FIGURE 9 THERMOFORMING GRADE TO LEAD POLYLACTIC ACID MARKET DURING FORECAST PERIOD 44 FIGURE 10 RIGID THERMOFORMS APPLICATION TO LEAD MARKET DURING FORECAST PERIOD 44 FIGURE 11 PACKAGING INDUSTRY TO DOMINATE OVERALL POLYLACTIC ACID MARKET BETWEEN 2023 AND 2028 45 FIGURE 12 EUROPE LED POLYLACTIC ACID MARKET IN 2022 45 4 PREMIUM INSIGHTS 47 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POLYLACTIC ACID MARKET 47 FIGURE 13 ASIA PACIFIC OFFERS ATTRACTIVE OPPORTUNITIES IN POLYLACTIC ACID MARKET DURING FORECAST PERIOD 47 4.2 POLYLACTIC ACID MARKET, BY GRADE 47 FIGURE 14 THERMOFORMING GRADE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 47 4.3 POLYLACTIC ACID MARKET, BY APPLICATION 48 FIGURE 15 RIGID THERMOFORMS APPLICATION TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 48 4.4 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY 48 FIGURE 16 PACKAGING SEGMENT TO LEAD MARKET BY 2028 48 4.5 POLYLACTIC ACID MARKET, BY COUNTRY 49 FIGURE 17 MARKET IN JAPAN TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 49 5 MARKET OVERVIEW 50 5.1 INTRODUCTION 50 5.2 MARKET DYNAMICS 51 FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN POLYLACTIC ACID MARKET 51 5.2.1 DRIVERS 51 5.2.1.1 Changing consumer preference toward eco-friendly plastic products 51 TABLE 2 ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS 52 5.2.1.2 Increasing use in packaging and compostable bag applications 54 5.2.1.3 Government focus on green procurement policies and regulations 54 5.2.1.4 Technological advancements to encourage production of polylactic acid 54 5.2.2 RESTRAINTS 55 5.2.2.1 Higher prices of polylactic acid than conventional plastics 55 5.2.3 OPPORTUNITIES 55 5.2.3.1 Development of new applications 55 5.2.3.2 High potential in emerging countries of Asia Pacific 55 5.2.3.3 Multifunctionalities of polylactic acid 55 5.2.4 CHALLENGES 56 5.2.4.1 Performance issues 56 5.2.4.2 Fluctuating oil prices create volatility in demand for polylactic acid 56 5.2.4.3 Expensive and complex production process 56 5.3 PORTER'S FIVE FORCES ANALYSIS 57 FIGURE 19 PORTER'S FIVE FORCES ANALYSIS 57 TABLE 3 PORTER'S FIVE FORCES ANALYSIS 58 5.3.1 BARGAINING POWER OF SUPPLIERS 58 5.3.2 BARGAINING POWER OF BUYERS 58 5.3.3 THREAT OF SUBSTITUTES 58 5.3.4 THREAT OF NEW ENTRANTS 59 5.3.5 INTENSITY OF COMPETITIVE RIVALRY 59 5.4 VALUE CHAIN ANALYSIS 59 FIGURE 20 OVERVIEW OF POLYLACTIC ACID MARKET VALUE CHAIN 60 5.4.1 RAW MATERIAL SUPPLIERS 61 5.4.2 MANUFACTURERS 61 5.4.3 DISTRIBUTORS 61 5.4.4 END-CONSUMERS 61 5.4.5 SUPPLIERS OF POLYLACTIC ACID MANUFACTURING EQUIPMENT 61 5.5 PATENT ANALYSIS 62 5.5.1 METHODOLOGY 62 5.5.2 PATENTS GRANTED WORLDWIDE, 2012–2022 62 TABLE 4 TOTAL NUMBER OF PATENTS 63 5.5.3 PATENT PUBLICATION TRENDS 63 FIGURE 21 TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS 63 5.5.4 INSIGHTS 63 5.5.5 LEGAL STATUS OF PATENTS 64 FIGURE 22 PATENT ANALYSIS, BY LEGAL STATUS 64 5.5.6 JURISDICTION-WISE PATENT ANALYSIS 64 FIGURE 23 TOP JURISDICTIONS FOR POLYLACTIC ACID PATENTS 64 5.5.7 TOP COMPANIES/APPLICANTS 65 FIGURE 24 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 65 5.5.8 TOP 10 PATENT OWNERS (US) DURING LAST 10 YEARS 65 TABLE 5 TOP TEN PATENT OWNERS 65 5.6 PRICE ANALYSIS 66 5.6.1 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY REGION 66 FIGURE 25 AVERAGE SELLING PRICE, BY REGION (USD/KG) 66 5.6.2 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY GRADE 66 FIGURE 26 AVERAGE SELLING PRICE, BY GRADE (USD/KG) 66 5.6.3 AVERAGE SELLING PRICE OF POLYLACTIC ACID, BY END-USE INDUSTRY 67 FIGURE 27 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (USD/KG) 67 5.6.4 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS 67 FIGURE 28 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS (USD/KG) 67 5.7 MANUFACTURING PROCESS OF POLYLACTIC ACID 68 FIGURE 29 MANUFACTURING PROCESSES OF PLA THROUGH LACTIC ACID 68 FIGURE 30 MANUFACTURING PROCESSES OF POLYLACTIC ACID THROUGH LACTIDE 69 5.7.1 RAW MATERIAL PREPARATION 69 5.7.2 LACTIDE PRODUCTION 69 5.7.3 LACTIDE PURIFICATION 70 5.7.4 LACTIDE DEPOLYMERIZATION 70 5.7.5 POLYMERIZATION CONTROL 70 5.7.6 POLYMER PURIFICATION AND PROCESSING 70 5.7.7 POST-PROCESSING AND FINISHING 70 5.7.8 PRODUCT MANUFACTURING 70 5.8 RAW MATERIAL ANALYSIS 70 5.8.1 STARCH 70 5.8.2 TAPIOCA ROOT 70 5.8.3 WOOD CHIPS 71 5.8.4 SUGARCANE 71 5.9 ECOSYSTEM/MARKET MAPPING 71 FIGURE 31 ECOSYSTEM MAPPING 71 TABLE 6 ECOSYSTEM 72 5.10 CASE STUDIES 72 5.10.1 NATUREWOKS LLC HELPS SHANGHAI TUOZHUO IN IMPROVING PERFORMANCE AND REDUCING COST AND MAINTENANCE OF WOOD MOLDS FOR METAL CASTING 72 5.10.2 NATUREWORKS LLC PROVIDES INGEO POLYLACTIC ACID FILAMENT TO EARL E. BAKKEN MEDICAL DEVICE CENTER TO STREAMLINE ITS 3D PROTOTYPING 73 5.11 REGULATORY LANDSCAPE 73 5.11.1 NORTH AMERICA 74 5.11.1.1 US 74 5.11.1.2 Canada 74 5.11.2 ASIA PACIFIC 74 5.11.3 EUROPE 75 TABLE 7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76 5.12 TRADE ANALYSIS 77 5.12.1 IMPORT–EXPORT SCENARIO OF POLYLACTIC ACID MARKET 77 TABLE 8 IMPORT TRADE DATA FOR POLYLACTIC ACID 77 TABLE 9 EXPORT TRADE DATA FOR POLYLACTIC ACID 78 5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 78 FIGURE 32 TRENDS IN POLYLACTIC ACID MARKET 78 5.14 KEY CONFERENCES & EVENTS, 2023–2024 79 TABLE 10 DETAILED LIST OF CONFERENCES & EVENTS 79 5.15 KEY FACTORS AFFECTING BUYING DECISIONS 80 5.15.1 PRICE 80 5.15.2 SUSTAINABILITY 80 5.15.3 PERFORMANCE 80 5.15.4 AVAILABILITY 80 5.15.5 REGULATIONS 80 5.15.6 BRAND REPUTATION 80 5.15.7 MARKET TRENDS 80 5.15.8 APPLICATION 81 5.16 TECHNOLOGY ANALYSIS 81 5.16.1 DEVELOPMENT OF NANOCELLULOSE AND NANOCOMPOSITES 81 6 POLYLACTIC ACID MARKET, BY RAW MATERIAL 82 6.1 INTRODUCTION 82 6.2 SUGARCANE 82 6.3 CORN 82 6.4 CASSAVA 82 6.5 SUGAR BEET 83 6.6 OTHERS 83 7 POLYLACTIC ACID MARKET, BY APPLICATION 84 7.1 INTRODUCTION 85 FIGURE 33 RIGID THERMOFORMS TO BE LARGEST SEGMENT OF POLYLACTIC ACID MARKET 85 TABLE 11 POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 85 TABLE 12 POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 86 TABLE 13 POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 86 TABLE 14 POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 86 7.2 RIGID THERMOFORMS 87 7.3 FILMS & SHEETS 88 7.4 BOTTLES 89 7.5 OTHERS 89 8 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY 91 8.1 INTRODUCTION 92 FIGURE 34 PACKAGING END-USE INDUSTRY TO LEAD OVERALL POLYLACTIC ACID MARKET 92 TABLE 15 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 93 TABLE 16 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 93 TABLE 17 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 93 TABLE 18 POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 94 8.2 PACKAGING 94 8.2.1 FOOD PACKAGING 95 8.2.2 NON-FOOD PACKAGING 95 8.3 CONSUMER GOODS 96 8.3.1 ELECTRICAL APPLIANCES 96 8.3.2 DOMESTIC APPLIANCES 96 8.4 AGRICULTURE 96 8.4.1 PLANTER BOXES 97 8.4.2 TAPES & MULCH FILMS 97 8.4.3 NETTING 97 8.5 TEXTILE 97 8.5.1 DIAPERS AND WIPES 98 8.5.2 FEMALE HYGIENE 98 8.5.3 PERSONAL CARE, CLOTHES, DISPOSABLE GARMENTS, MEDICAL & HEALTHCARE, AND OTHER TEXTILES 98 8.6 BIO-MEDICAL 99 8.6.1 MEDICAL PLATES & SCREWS 99 8.6.2 IMPLANTS 100 8.7 OTHERS 100 9 POLYLACTIC ACID MARKET, BY GRADE 101 9.1 INTRODUCTION 102 FIGURE 35 THERMOFORMING GRADE TO BE LARGEST SEGMENT OF POLYLACTIC ACID MARKET 102 TABLE 19 POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 102 TABLE 20 POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 103 TABLE 21 POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 103 TABLE 22 POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 103 9.2 THERMOFORMING 104 9.3 INJECTION MOLDING 104 9.4 EXTRUSION 105 9.5 BLOW MOLDING 105 9.6 OTHERS 105 10 POLYLACTIC ACID MARKET, BY REGION 107 10.1 INTRODUCTION 108 TABLE 23 POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (USD MILLION) 109 TABLE 24 POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (USD MILLION) 109 TABLE 25 POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (KILOTON) 109 TABLE 26 POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (KILOTON) 110 10.2 ASIA PACIFIC 110 FIGURE 36 ASIA PACIFIC: POLYLACTIC ACID MARKET SNAPSHOT 111 TABLE 27 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 112 TABLE 28 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 112 TABLE 29 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 112 TABLE 30 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 113 TABLE 31 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 113 TABLE 32 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113 TABLE 33 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 114 TABLE 34 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 114 TABLE 35 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 114 TABLE 36 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 115 TABLE 37 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 115 TABLE 38 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 115 TABLE 39 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 116 TABLE 40 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 116 TABLE 41 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 116 TABLE 42 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 117 TABLE 43 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 117 TABLE 44 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 117 TABLE 45 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 118 TABLE 46 ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 118 10.2.1 IMPACT OF RECESSION ON ASIA PACIFIC 118 10.2.2 CHINA 119 10.2.2.1 Increasing use of polylactic acid by packaging and consumer goods industries to drive market 119 TABLE 47 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 119 TABLE 48 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 120 TABLE 49 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 120 TABLE 50 CHINA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 120 10.2.3 INDIA 121 10.2.3.1 Ban on single-use plastics and NGO initiatives to boost market 121 TABLE 51 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 121 TABLE 52 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 122 TABLE 53 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 122 TABLE 54 INDIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 122 10.2.4 JAPAN 123 10.2.4.1 Research on development of better polylactic acid grades to drive market 123 TABLE 55 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 123 TABLE 56 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 124 TABLE 57 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 124 TABLE 58 JAPAN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 124 10.2.5 SOUTH KOREA 125 10.2.5.1 Government policies to support market growth 125 TABLE 59 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 125 TABLE 60 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 126 TABLE 61 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 126 TABLE 62 SOUTH KOREA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 126 10.2.6 REST OF ASIA PACIFIC 127 TABLE 63 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 127 TABLE 64 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 127 TABLE 65 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 128 TABLE 66 REST OF ASIA PACIFIC: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 128 10.3 EUROPE 128 FIGURE 37 EUROPE: POLYLACTIC ACID MARKET SNAPSHOT 129 TABLE 67 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 130 TABLE 68 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 130 TABLE 69 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 130 TABLE 70 EUROPE: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 131 TABLE 71 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 131 TABLE 72 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131 TABLE 73 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 132 TABLE 74 EUROPE: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 132 TABLE 75 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 132 TABLE 76 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 133 TABLE 77 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 133 TABLE 78 EUROPE: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 133 TABLE 79 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 134 TABLE 80 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 134 TABLE 81 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 134 TABLE 82 EUROPE: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 135 TABLE 83 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 135 TABLE 84 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 135 TABLE 85 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 136 TABLE 86 EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 136 10.3.1 IMPACT OF RECESSION ON EUROPE 136 10.3.2 GERMANY 137 10.3.2.1 Ban on conventional plastics to drive market 137 TABLE 87 GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 137 TABLE 88 GERMANY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 138 TABLE 89 GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 138 TABLE 90 GERMANY POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 138 10.3.3 UK 139 10.3.3.1 Stringent regulations regarding use of single-use plastics to drive market 139 TABLE 91 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 139 TABLE 92 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 140 TABLE 93 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 140 TABLE 94 UK: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 140 10.3.4 FRANCE 141 10.3.4.1 Government initiatives to promote use of bioplastics to drive demand 141 TABLE 95 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 141 TABLE 96 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 142 TABLE 97 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 142 TABLE 98 FRANCE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 142 10.3.5 ITALY 143 10.3.5.1 Food packaging industry to drive demand 143 TABLE 99 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 143 TABLE 100 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 144 TABLE 101 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 144 TABLE 102 ITALY: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 144 10.3.6 SPAIN 145 10.3.6.1 Rising public awareness to drive demand 145 TABLE 103 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 145 TABLE 104 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 146 TABLE 105 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 146 TABLE 106 SPAIN: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 146 10.3.7 REST OF EUROPE 147 TABLE 107 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 147 TABLE 108 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 147 TABLE 109 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 148 TABLE 110 REST OF EUROPE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 148 10.4 NORTH AMERICA 148 TABLE 111 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 149 TABLE 112 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 149 TABLE 113 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 149 TABLE 114 NORTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 149 TABLE 115 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150 TABLE 116 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150 TABLE 117 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 150 TABLE 118 NORTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 151 TABLE 119 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 151 TABLE 120 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 151 TABLE 121 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 152 TABLE 122 NORTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 152 TABLE 123 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 152 TABLE 124 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 153 TABLE 125 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 153 TABLE 126 NORTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 153 TABLE 127 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 154 TABLE 128 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 154 TABLE 129 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 154 TABLE 130 NORTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 155 10.4.1 IMPACT OF RECESSION ON NORTH AMERICA 155 10.4.2 US 155 10.4.2.1 Limitations on use of conventional plastic in packaging industry to drive market 155 TABLE 131 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 156 TABLE 132 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 156 TABLE 133 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 156 TABLE 134 US: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 157 10.4.3 CANADA 157 10.4.3.1 Stringent environmental regulations to drive demand for polylactic acid 157 TABLE 135 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 158 TABLE 136 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 158 TABLE 137 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 158 TABLE 138 CANADA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 159 10.4.4 MEXICO 159 10.4.4.1 Highly skilled workforce to drive polylactic acid market 159 TABLE 139 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 159 TABLE 140 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 160 TABLE 141 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 160 TABLE 142 MEXICO: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 160 10.5 SOUTH AMERICA 161 TABLE 143 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 161 TABLE 144 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 161 TABLE 145 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 161 TABLE 146 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 162 TABLE 147 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 162 TABLE 148 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 162 TABLE 149 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 163 TABLE 150 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 163 TABLE 151 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 163 TABLE 152 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 164 TABLE 153 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 164 TABLE 154 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 164 TABLE 155 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 165 TABLE 156 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 165 TABLE 157 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 165 TABLE 158 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 166 TABLE 159 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 166 TABLE 160 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 166 TABLE 161 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 167 TABLE 162 SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 167 10.5.1 IMPACT OF RECESSION ON SOUTH AMERICA 167 10.5.2 BRAZIL 168 10.5.2.1 Abundance of raw materials to support market growth 168 TABLE 163 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 168 TABLE 164 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 168 TABLE 165 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 169 TABLE 166 BRAZIL: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 169 10.5.3 REST OF SOUTH AMERICA 169 TABLE 167 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 170 TABLE 168 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 170 TABLE 169 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 170 TABLE 170 REST OF SOUTH AMERICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 171 10.6 MIDDLE EAST & AFRICA 171 TABLE 171 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171 TABLE 172 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171 TABLE 173 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2019–2022 (KILOTON) 172 TABLE 174 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY COUNTRY, 2023–2028 (KILOTON) 172 TABLE 175 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 172 TABLE 176 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 173 TABLE 177 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON) 173 TABLE 178 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON) 173 TABLE 179 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION) 174 TABLE 180 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION) 174 TABLE 181 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON) 175 TABLE 182 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON) 175 TABLE 183 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (USD MILLION) 176 TABLE 184 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (USD MILLION) 176 TABLE 185 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019–2022 (KILOTON) 176 TABLE 186 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2023–2028 (KILOTON) 177 TABLE 187 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 177 TABLE 188 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 177 TABLE 189 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 178 TABLE 190 MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 178 10.6.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA 178 10.6.2 SAUDI ARABIA 179 10.6.2.1 Government regulations controlling use of conventional plastics to drive market 179 TABLE 191 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 179 TABLE 192 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 179 TABLE 193 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 180 TABLE 194 SAUDI ARABIA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 180 10.6.3 UAE 180 10.6.3.1 Focus on medical tourism and healthcare infrastructure to drive market 180 TABLE 195 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 181 TABLE 196 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 181 TABLE 197 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 181 TABLE 198 UAE: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 182 10.6.4 REST OF MIDDLE EAST & AFRICA 182 TABLE 199 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 182 TABLE 200 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 183 TABLE 201 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON) 183 TABLE 202 REST OF MIDDLE EAST & AFRICA: POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 183 11 COMPETITIVE LANDSCAPE 184 11.1 INTRODUCTION 184 FIGURE 38 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND PRODUCT DEVELOPMENTS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022 184 11.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022 185 FIGURE 39 RANKING OF TOP FIVE PLAYERS IN POLYLACTIC ACID MARKET, 2022 185 11.3 MARKET SHARE ANALYSIS 185 FIGURE 40 POLYLACTIC ACID MARKET SHARE, BY COMPANY (2022) 185 TABLE 203 POLYLACTIC ACID MARKET: DEGREE OF COMPETITION 186 11.4 REVENUE ANALYSIS OF TOP PLAYERS 188 TABLE 204 POLYLACTIC ACID MARKET: REVENUE ANALYSIS (USD) 188 11.5 MARKET EVALUATION MATRIX 188 TABLE 205 MARKET EVALUATION MATRIX 188 11.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1) 189 11.6.1 STARS 189 11.6.2 EMERGING LEADERS 189 11.6.3 PERVASIVE PLAYERS 189 11.6.4 PARTICIPANTS 189 FIGURE 41 POLYLACTIC ACID MARKET: COMPANY EVALUATION MATRIX, 2022 190 11.7 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX 190 11.7.1 RESPONSIVE COMPANIES 190 11.7.2 STARTING BLOCKS 191 11.7.3 PROGRESSIVE COMPANIES 191 11.7.4 DYNAMIC COMPANIES 191 FIGURE 42 POLYLACTIC ACID MARKET: STARTUPS AND SMES MATRIX, 2022 191 11.8 COMPANY END-USE INDUSTRY FOOTPRINT 192 11.9 COMPANY REGION FOOTPRINT 193 11.9.1 STRENGTH OF PRODUCT PORTFOLIO 195 11.9.2 BUSINESS STRATEGY EXCELLENCE 196 11.10 COMPETITIVE SCENARIOS 197 11.10.1 PRODUCT LAUNCHES 197 TABLE 206 PRODUCT LAUNCHES, 2018–2022 197 11.10.2 DEALS 198 TABLE 207 DEALS, 2018–2022 198 11.10.3 OTHER DEVELOPMENTS 200 TABLE 208 OTHER DEVELOPMENTS, 2018–2022 200 12 COMPANY PROFILES 203 12.1 MAJOR PLAYERS 203 (Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)* 12.1.1 NATUREWORKS LLC 203 TABLE 209 NATUREWORKS LLC: COMPANY OVERVIEW 203 TABLE 210 NATUREWORKS LLC: PRODUCT LAUNCHES 204 TABLE 211 NATUREWORKS LLC: DEALS 205 TABLE 212 NATUREWORKS LLC: OTHERS 206 12.1.2 TOTALENERGIES CORBION 208 TABLE 213 TOTALENERGIES CORBION: COMPANY OVERVIEW 208 TABLE 214 TOTALENERGIES CORBION: PRODUCT LAUNCHES 209 TABLE 215 TOTALENERGIES CORBION: DEALS 209 TABLE 216 TOTALENERGIES CORBION: OTHERS 210 12.1.3 BASF SE 212 TABLE 217 BASF SE: COMPANY OVERVIEW 212 FIGURE 43 BASF SE: COMPANY SNAPSHOT 213 TABLE 218 BASF SE: DEALS 214 TABLE 219 BASF SE: OTHERS 214 12.1.4 COFCO 216 TABLE 220 COFCO: COMPANY OVERVIEW 216 TABLE 221 COFCO: OTHERS 217 12.1.5 FUTERRO 218 TABLE 222 FUTERRO: COMPANY OVERVIEW 218 TABLE 223 FUTERRO: OTHERS 219 12.1.6 DANIMER SCIENTIFIC 220 TABLE 224 DANIMER SCIENTIFIC: COMPANY OVERVIEW 220 FIGURE 44 DANIMER SCIENTIFIC: COMPANY SNAPSHOT 221 TABLE 225 DANIMER SCIENTIFIC: DEALS 222 TABLE 226 DANIMER SCIENTIFIC: OTHERS 222 12.1.7 TORAY INDUSTRIES, INC. 223 TABLE 227 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 223 FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 224 TABLE 228 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES 225 12.1.8 EVONIK INDUSTRIES 226 TABLE 229 EVONIK INDUSTRIES: COMPANY OVERVIEW 226 FIGURE 46 EVONIK INDUSTRIES: COMPANY SNAPSHOT 226 TABLE 230 EVONIK INDUSTRIES: PRODUCT LAUNCHES 227 TABLE 231 EVONIK INDUSTRIES: DEALS 227 TABLE 232 EVONIK INDUSTRIES: OTHERS 228 12.1.9 MITSUBISHI CHEMICAL CORPORATION 229 TABLE 233 MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW 229 FIGURE 47 MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT 229 TABLE 234 MITSUBISHI CHEMICAL CORPORATION: OTHERS 230 12.1.10 UNITIKA LTD. 231 TABLE 235 UNITIKA LTD.: COMPANY OVERVIEW 231 FIGURE 48 UNITIKA LTD.: COMPANY SNAPSHOT 231 *Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies. 12.2 OTHER PLAYERS 233 12.2.1 ZHEJIANG HISUN BIOMATERIALS CO., LTD. 233 12.2.2 SHANGHAI TONG-JIE-LIANG BIOMATERIALS CO., LTD. 233 12.2.3 CHONGQING BOFEI BIOCHEMICAL PRODUCTS, LTD. 233 12.2.4 ZHANGJIAGANG CREATE MATERIAL CO., LTD. 233 12.2.5 SYNBRA TECHNOLOGY 233 12.2.6 SUMITOMO CHEMICAL CO., LTD. 234 12.2.7 FKUR 234 12.2.8 MUSASHINO CHEMICAL LABORATORY, LTD. 234 12.2.9 AKRO-PLASTIC GMBH 234 12.2.10 VAISHNAVI BIO-TECH 234 12.2.11 CARBIOLICE 234 12.2.12 SHENZHEN ESUN INDUSTRIAL CO., LTD. 235 12.2.13 JIANGSU SUPLA BIOPLASTICS CO., LTD. 235 12.2.14 NANTONG JIUDING BIOLOGICAL ENGINEERING CO., LTD. 235 12.2.15 FLOREON 235 13 APPENDIX 236 13.1 DISCUSSION GUIDE 236 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 239 13.3 CUSTOMIZATION OPTIONS 241 13.4 RELATED REPORTS 241 13.5 AUTHOR DETAILS 242
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