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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Polylactic Acid Market Scope
Polylactic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Unitika Ltd | View profile | 3382 | 4-1-3 Kyutaro-machi, Chuo-ku, Osaka, Japan, 541-8566 | http://www.unitika.co.jp |
| Danimer Scientific Inc Ordinary Shares - Class A | View profile | 257 | 140 Industrial Boulevard, Bainbridge, GA, United States, 39817 | https://www.danimerscientific.com |
| Zhejiang Haishen New Materials | View profile | 501-1000 | Shangyu, Zhejiang, China, Asia | http://www.haishenchem.com/ |
| Virgin Galactic Holdings Inc Shs A | View profile | 805 | 1700 Flight Way, Tustin, CA, United States, 92782 | https://www.virgingalactic.com |
| COFCO Joycome Foods Ltd Ordinary Shares | View profile | 9707 | No.8, Chao Yang Men South Street, COFCO Fortune Plaza, Chao Yang District, Beijing, China, People's Republic of | https://www.cofcojoycome.com |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
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
Reasons to subscribe to Global polylactic acid market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global polylactic acid market databook
-
Our clientele includes a mix of polylactic acid market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
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)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
