France Polylactic Acid Market Size & Outlook, 2023-2030
France polylactic acid market, 2019-2030 (US$M)
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France polylactic acid market highlights
- The France polylactic acid market generated a revenue of USD 18.9 million in 2023 and is expected to reach USD 75.2 million by 2030.
- The France market is expected to grow at a CAGR of 21.8% 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 18.9 million |
| Market revenue in 2030 | USD 75.2 million |
| Growth rate | 21.8% (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, France accounted for 2.6% 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 Europe, Germany polylactic acid market is projected to lead the regional market in terms of revenue in 2030.
- Netherlands is the fastest growing regional market in Europe and is projected to reach USD 41.4 million by 2030.
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Polylactic Acid Market Scope
Polylactic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 32.8% in 2023. Horizon Databook has segmented the France polylactic acid market based on packaging, agriculture, automotive & transport, electronics, textile covering the revenue growth of each sub-segment from 2019 to 2030.
Ascending demand for food packaging products, electronic goods, electrical appliances, automobiles, etc. is significantly contributing to the growth of PLA market in France. Rising awareness regarding sustainable packaging, coupled with growing environmental concerns about increasing greenhouse gas emissions, is further contributing to the adoption of PLA.
Packaging is likely to emerge as the fastest-growing segment in the French market owing to the increasing utilization of PLA in the packaging of food and cosmetic end-uses. Furthermore, rising R&D activities by the key players to reduce the utilization of conventional plastic bags are likely to boost enduse demand over the forecast period.
The flourishing packaging, automotive, and textiles industries in France are fueling the demand for polylactic acid in the country as it is increasingly used in these industries owing to its good mechanical properties, sustainability, renewability, and process ability.
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Horizon Databook provides a detailed overview of country-level data and insights on the France polylactic acid market , including forecasts for subscribers. This country databook contains high-level insights into France polylactic acid market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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France polylactic acid market size, by end-use, 2019-2030 (US$M)
France Polylactic Acid Market Outlook Share, 2023 & 2030 (US$M)
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