Global PLA Market was Valued at $304.9 Million in 2014

Date: 2015-08-17

“The report covers the global polylactic acid (PLA) market segmented on the basis of application and geography. The market data is provided with respect to volume (Kilotons) and value (USD million). The global PLA market was valued at $304.9 million in 2014, and is projected to grow at a CAGR of 22.8% from 2014 to 2019. The data mentioned in the report are based on the global demand for PLA. 

The total market for global PLA market has been analyzed based on the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to PLA raw materials, manufacturers, and end-users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It also highlights the top players which are contributing to the growth of global PLA market.

The applications covered in the report include packaging, fibers, injection molding, and others. The packaging segment dominated this market, having accounted for a share of 54.6% in 2014. Among regions, North America dominated the global PLA market in terms of volume in 2014, having accounted for a share of 46.3%. This high share is attributed to the rising demand of PLA in various industries, such as building & construction, food packaging, and others.

Different companies operating in this market are also profiled in the report. The key companies in this market are NatureWorks LLC (U.S.), Teijin Limited (Japan), BASF SE (Germany), Corbion N.V. (Netherlands), Synbra Technology B.V. (Netherlands), Nantong Jiuding Biological Engineering Co., Ltd. (China), Sulzer AG (Switzerland), ThyssenKrupp AG (Germany), Futerro (Belgium), and The Dow Chemical Company (U.S.). The report also presents a competitive landscape of the market, covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading market players in recent years.

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