Europe Polylactic Acid (PLA) Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Price Analysis; Industry Events and Developments; Competitive Landscape, 2024-2032

Europe Polylactic Acid (PLA) Market Outlook

The Europe Polylactic Acid (PLA) Market by Procurement Resource wisely studies the crucial market elements. The report includes key Europe Polylactic Acid (PLA) trends, drivers and other factors that are driving the market growth.

In the base year the Europe Polylactic Acid (PLA) market size reached a total value of around USD 500.94 million. The industry is witnessing continuous demand and growing at a CAGR of around 12.90% during the forecast period of 2022-2027. The Europe Polylactic Acid (PLA) market share is projected to reach a value of about USD 1037.40 million by 2027.

The extensive application of the product in the packaging industry is primarily driving the Europe Polylactic Acid (PLA) market growth. In the Europe Polylactic Acid (PLA) market the Western Europe region holds the largest market share.

The Europe Polylactic Acid (PLA) Market Definition and Segmentation

A thermoplastic aliphatic polyester obtained from resources available in nature, like corn starch, sugarcane and tapioca roots is known as Polylactic acid (PLA), or polylactide. It is a sustainable, cost-effective, and biodegradable commodity employed in manufacturing bioplastics and various medical device prototypes. It is employed in surgical, food packaging, and clinical applications and is approved by the FDA.

The Europe Polylactic Acid (PLA) market is categorised by Application (Biomedical, Electronics, Textile, Agriculture Packaging, Others), by Country (Spain, Germany, France, Italy, United Kingdom, Others), by Type (PDLLA (Poly-DL-lactic Acid), PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid),).

The Polylactic Acid (PLA) market in Spain, Germany, France, Italy, United Kingdom, Other Regions are leading the industry’s expansion.

Western Europe holds a significant share in the European Polylactic Acid (PLA) market Development owing to the favourable initiatives in the region paired with the robust expansion of the healthcare sector.

The increasing demand for convenient products that requires packaging is primarily driving the Polylactic Acid (PLA) market in Europe. The market is witnessing further demand for polylactic acid (PLA) owing to its various properties like barrier property, high strength, and stiffness. There has been a rise in the utilisation of bioplastics in packaging sector since there has been a growth is the popularity amongst the consumer for sustainable packaging. This is in turn pushing the market headlong.

Polylactic acid (PLA) are used to make bioplastics, that is obtained from resources that are sustainable like agriculture waste. As a result, the by-product is renewable which is expected to drive the Europe Polylactic Acid (PLA) market growth.

In addition, owing to the rise in the levels of pollution there has been introduction of numerous rigorous policies that are helping in the additional expansion of the market.

Furthermore, the usage of plastics because of the rising pollution points has led to the introduction of various stringent policies which is additionally leading to market expansion.

Moreover, the progress of the thermal resistant polylactic acid (PLA) inclusive of enhanced versatility and functionally stronger is a result of growing research and development (R&D) activities that will likely result in newer Europe Polylactic Acid (PLA) market opportunity.

The Polylactic Acid (PLA) Market Research Studies

Renewable resources including sugarcane, tapioca, corn, wheat, agriculture, and food waste are employed to make the commodity. With the process of fermentation, the sugar derived from the plant is converted into Lactic acid.

This acid must be purified in various steps. The resulting acid is transformed into crude lactide by the help of pre-polymerization and depolymerization sequentially.

The process of crystallization and distillation must filter the crude lactide. The resulting product is the monomer polymerized into polylactic acid (PLA) by ring-opening polymerization which is known as purified lactide.

Various Applications of the Product, Further Boosting the Europe Polylactic Acid (PLA) Market Outlook

The increasing use of high-quality and high-performance polylactic acid polymers, due to their functionality and durability in 3D printers for manufacturing foam moulding, injection moulding, and vacuum moulding, among others, further the industry's expansion.

Additionally, due to the decomposable properties there has been an increase in the usage of polylactic acid in biomedical and agriculture industries in the non-woven fabric or film kinds, which is likely to drive the industry further and affect the Europe Polylactic Acid (PLA) market price.

Furthermore, to ensure the biocompatibility of blood transfusion, it is used to encompass the absorption rate of a carrier and in tissue engineering in several biomedicines. It is further employed in drug delivery to improve efficiency and prolong drug action time. Because of such reasons, the Polylactic Acid (PLA) market is likely to develop.

The regional segmentation of the market can be into Spain, Germany, France, Italy, United Kingdom, and Others.

The Europe Polylactic Acid (PLA) Market Key Players

• Futerro S.A.
• BIOTEC GmbH & Co.KG
• Total Corbion PLA
• Evonik Industries AG
• NatureWorks LLC

The Europe Polylactic Acid (PLA) Industry Landscape

The market players compete based on the quality of products, like raw materials and technological advancements used to produce polylactic acid. The companies operating in the market are concentrating on their global expansion to increase market shares and drive revenues.

Owing to the easy accessibility of low-priced labour and nearness to raw material dealers the manufacture facilities are being launched in the Asia Pacific. Also, the richness of biomass, research-driven resources, solid downstream the Europe Polylactic Acid (PLA) market demand, material supply, and favourable government policy has created significant opportunities in Thailand.

Key Initiatives by Companies Creating the Polylactic Acid (PLA) Market Opportunity

• February 22, 2022 - Back on April 27, 2021, NatureWorks and IMA Coffee combined a strategic partnership that accelerates the first significant trial phase on K-Cup compatible compostable coffee pods.
• May 16 2022 - Futerro with BioChem Europe is set to underline how essential biobased polymers and the bioeconomy are for a economy that is resilient, circular and carbon-neutral.