The global polylactic acid (PLA) market size was USD 1,072.3 million in 2023 and is projected to grow from USD 1,248.6 million in 2024 to USD 4,220.0 million in 2032, exhibiting a CAGR of 16.3% during the forecast period. Fortune Business Insights published this information in its latest report, titled, “Polylactic Acid Market, 2025-2032.” The growth is attributable to the rising packaging industry and the growing demand for biodegradable plastics that will propel the demand for advanced polylactic acid during the forecast period.
Polylactic acid (PLA) is a biodegradable and bioactive thermoplastic derived from renewable resources such as corn starch, sugarcane, or cassava roots. Due to its eco-friendly nature, PLA has gained substantial interest across various industries such as packaging, agriculture, and medical applications. This report explores the current market size, key trends, industry dynamics, and segmentation of the PLA market, providing a detailed analysis of the industry’s growth prospects.
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Market Segmentation:
The polylactic acid market is segmented based on raw materials, application, and region.
By Raw Material
- Corn: Corn-based PLA holds the largest market share, accounting for approximately 60% of the total market. Corn is widely used because of its availability and lower production cost.
- Sugarcane: Sugarcane-based PLA is gaining traction due to its sustainable nature, contributing around 25% to the overall market.
- Cassava: Cassava-based PLA is still in its nascent stage but is expected to grow significantly in regions where cassava is abundantly available.
By Application
- Packaging: The packaging segment dominates the polylactic acid market, with a share of over 40%, owing to the increasing demand for biodegradable packaging solutions in food & beverage, consumer goods, and e-commerce industries.
- Agriculture: PLA is used in agricultural films, mulch films, and other applications where biodegradability is a key advantage. The agriculture segment holds about 15% of the total market share.
- Medical: The medical segment accounts for around 10% of the market. PLA is widely used in medical implants, sutures, and drug delivery systems due to its biocompatibility and bioresorbability.
- Textiles: PLA is gaining momentum in the textile industry for producing eco-friendly fibers, contributing to around 12% of the total market.
- Others: Other applications include automotive components, electronics, and 3D printing, which collectively account for the remaining 23%.
What does the Report include?
The global market for polylactic acid report includes a detailed analysis using several research methodologies and focuses on crucial aspects such as leading companies, application, and product. It further includes accurate insights into latest market trends and highlights vital industry developments. In addition to this, the report covers various factors that have contributed to the growth of the market growth between 2021 and 2028.
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DRIVING FACTORS
Rising Packaging Industry to Favor Market Growth
According to the United Nations Joint Group of Experts on the Scientific Aspects of Marine Pollution (GESAMP), it is estimated that around 80% of the land-based plastic sources account for the overall marine pollution globally. The rising concerns over the disposal of plastic is expected to boost the adoption of biodegradable plastics such as polylactic acid that are derived from biological raw materials across the packaging sector. The increasing adoption of sustainable packaging materials backed by the surging demand for packaged goods across supermarkets and retail stores is, therefore, expected to bode well for the global polylactic acid market growth during the forecast period.
REGIONAL INSIGHTS:
Europe – The region stood at USD 285,573.1 thousand in 2020 and is expected to hold the highest position in the global market in the forthcoming years. This is attributable to the increasing demand for organic and natural food products that is likely to drive the demand for polylactic acid for packaging purposes in the region.
North America – The market in the region is expected to showcase exponential growth in the forthcoming years. This is ascribable to factors such as the increasing consumption of ready-to-eat packaged food products that has witnessed massive surge since the advent of the COVID-19 pandemic.
Asia-Pacific – The region is expected to register significant polylactic acid market share backed by the growing demand for convenience food products due to high disposable income and the growing population in the region between 2021 and 2028.
COMPETITIVE LANDSCAPE
Product Innovation by Prominent Companies to Maintain their Market Dominance
The global market for polylactic acid is fragmented by the presence of major companies focusing on maintaining their dominance by introducing innovative products and further expanding their portfolio. In addition to this, other key players in the global marketplace are leveraging the opportunities to maintain their presence by adopting strategies such as facility expansion, merger and acquisition, and partnership that is likely to bode well for the market growth during the forecast period.
Industry Development:
- October 2019 – Evonik introduced the first-ever bioresorbable series of polylactide-polyethylene glycol (PLA-PEG) copolymers. The company reports that the copolymers can be extensively adopted for implantable medical device applications.
List of the Companies Profiled in the Global Market:
- NatureWorks (Minnetonka, Minnesota, United States)
- Total Corbion PLA (Gorinchem, Netherlands)
- BASF SE (Ludwigshafen, Germany)
- Sulzer (Winterthur, Switzerland)
- Other Key Players
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