Brazil Polylactic Acid Market Size & Outlook, 2023-2030
Brazil polylactic acid market, 2019-2030 (US$M)
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Brazil polylactic acid market highlights
- The Brazil polylactic acid market generated a revenue of USD 12.8 million in 2023 and is expected to reach USD 51.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 22% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating end-use in 2023.
- Textile is the most lucrative end-use segment registering the fastest growth during the forecast period.
Polylactic acid market data book summary
| Market revenue in 2023 | USD 12.8 million |
| Market revenue in 2030 | USD 51.4 million |
| Growth rate | 22% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Textile |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Agriculture, Automotive & Transport, Electronics, Textile |
| Key market players worldwide | TotalEnergies SE, Cargill, Virgin Galactic Holdings Inc Shs A, COFCO Joycome Foods Ltd Ordinary Shares, Zhejiang Haishen New Materials, Basf SE, Danimer Scientific Inc Ordinary Shares - Class A, Mitsubishi Chemical Group Corp, Unitika Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.8% of the global polylactic acid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil polylactic acid market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 51.4 million by 2030.
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Polylactic Acid Market Scope
Polylactic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 37.5% in 2023. Horizon Databook has segmented the Brazil polylactic acid market based on packaging, agriculture, automotive & transport, electronics, textile covering the revenue growth of each sub-segment from 2019 to 2030.
The dominance of Brazil in Central & South America PLA market is likely to continue over the forecast period. Agriculture is one of the major sectors contributing to the economy of Brazil. The country’s agricultural production has grown rapidly in the recent past.
Rising global demand for agricultural products and technological advances in the sector are fueling the growth of the agriculture sector in the country. Expansion in harvesting land and changes in crop management practices have enabled the country to become a leading exporter of corn, sugar, soybeans, and coffee.
With continued rise in productivity and additional land available for farming, the country is further likely to witness growth in agricultural production and exports. Thus, the growing agriculture sector in the country is expected to create demand for PLA in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil polylactic acid market , including forecasts for subscribers. This country databook contains high-level insights into Brazil polylactic acid market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil polylactic acid market size, by end-use, 2019-2030 (US$M)
Brazil Polylactic Acid Market Outlook Share, 2023 & 2030 (US$M)
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