Global Polylactic Acid Market Size & Outlook, 2023-2030
Global polylactic acid market, 2019-2030 (US$M)
Related Markets
Global polylactic acid market highlights
- The global polylactic acid market generated a revenue of USD 713.2 million in 2023 and is expected to reach USD 2,773.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 21.4% by 2030.
- In terms of segment, packaging accounted for a revenue of USD 261.0 million in 2023.
- Textile is the most lucrative end-use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 713.2 million |
| Market revenue in 2030 | USD 2,773.0 million |
| Growth rate | 21.4% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Textile |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Agriculture, Automotive & Transport, Electronics, Textile |
Other key industry trends
- In terms of revenue, the North America accounted for 41.8% of the global polylactic acid market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 889.1 million by 2030.
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Polylactic Acid Market Scope
Polylactic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global polylactic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polylactic acid market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 36.6% in 2023. Horizon Databook has segmented the Global polylactic acid market based on packaging, agriculture, automotive & transport, electronics, textile covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Polylactic Acid End-Use Outlook (Revenue, USD Million, 2019-2030)
- Packaging
- Agriculture
- Automotive & Transport
- Electronics
- Textile
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global polylactic acid market , including forecasts for subscribers. This global databook contains high-level insights into Global polylactic acid market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Global polylactic acid market size, by regions, 2019-2030 (US$M)
Top 10 countries: Polylactic acid market size, 2023 (US$M)
Global polylactic acid market share, by end-use, 2023 & 2030 (%, US$M)
Polylactic acid market: Opportunity assessment by country
Global polylactic acid market, by region, 2023 (US$M)
| End-Use | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 229.6 | 223.9 | 239.9 | 262.9 | 298.1 | 349.8 | 417.5 | 501.5 | 608.4 | 737.5 | 901.6 | 1,108.9 | 20.6% |
| Europe | 110.5 | 108.9 | 117.9 | 130.5 | 149.6 | 177.3 | 213.9 | 259.6 | 318.3 | 389.8 | 481.5 | 598.4 | 21.9% |
| Asia Pacific | 147.0 | 145.1 | 157.5 | 174.7 | 200.6 | 238.3 | 288.1 | 350.4 | 430.4 | 528.2 | 653.8 | 814.2 | 22.2% |
| Latin America | 26.3 | 25.9 | 28.0 | 31.0 | 35.5 | 42.0 | 50.6 | 61.3 | 75.1 | 91.9 | 113.4 | 140.8 | 21.8% |
| MEA | 22.1 | 21.7 | 23.4 | 25.8 | 29.4 | 34.6 | 41.5 | 50.0 | 60.7 | 73.7 | 90.1 | 110.7 | 20.8% |
| Overall | 535.6 | 525.5 | 566.7 | 625.0 | 713.2 | 842.0 | 1,011.5 | 1,222.8 | 1,492.9 | 1,821.0 | 2,240.3 | 2,773.0 | 21.4% |
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