Italy Polylactic Acid Market Size & Outlook, 2023-2030
Italy polylactic acid market, 2019-2030 (US$M)
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Italy polylactic acid market highlights
- The Italy polylactic acid market generated a revenue of USD 14.4 million in 2023 and is expected to reach USD 60.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 22.7% 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 14.4 million |
| Market revenue in 2030 | USD 60.5 million |
| Growth rate | 22.7% (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, Italy accounted for 2.0% 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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Italy 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 35.42% in 2023. Horizon Databook has segmented the Italy polylactic acid market based on packaging, agriculture, automotive & transport, electronics, textile covering the revenue growth of each sub-segment from 2019 to 2030.
Textile is one of the major industrial sectors in the country. The presence of several textile manufacturers in the country is anticipated to create demand for PLA in the country. The country exports approximately 4% of the apparel manufactured in the country annually.
In addition, rising demand for PLA in the medical industry is expected to drive market growth in Italy over the forecast period. The growing geriatric population in the country is majorly fueling the demand for implants, thereby augmenting the demand for PLA in medical end-use in the country.
Polylactic acid is used in the automotive, medical, packaging, and textiles industries in Italy. According to the European Union, as of 2022 there are over 7,000 small and large packaging enterprises in Italy. The growth of polylactic acid market in Italy is fueled by increasing car production and flourishing textile industry in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy polylactic acid market , including forecasts for subscribers. This country databook contains high-level insights into Italy polylactic acid market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Italy polylactic acid market size, by end-use, 2019-2030 (US$M)
Italy Polylactic Acid Market Outlook Share, 2023 & 2030 (US$M)
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