Middle East & Africa Polylactic Acid Market Size & Outlook
Related Markets
MEA polylactic acid market highlights
- The MEA polylactic acid market generated a revenue of USD 29.4 million in 2023.
- The market is expected to grow at a CAGR of 20.8% 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.
MEA data book summary
| Market revenue in 2023 | USD 29.4 million |
| Market revenue in 2030 | USD 110.7 million |
| Growth rate | 20.8% (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 |
| 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, MEA region accounted for 4.1% of the global polylactic acid market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 814.2 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 |
Middle East & Africa 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 38.78% in 2023. Horizon Databook has segmented the Middle East & Africa polylactic acid market based on packaging, agriculture, automotive & transport, electronics, textile covering the revenue growth of each sub-segment from 2019 to 2030.
The Middle East & Africa PLA market is anticipated to witness steady growth over the forecast period. Saudi Arabia dominated the Middle East & Africa PLA market in 2021 and this trend is expected to continue over the forecast period.
Increased COVID-19 positive cases in countries, such as Saudi Arabia, Iran, South Africa, and the UAE, have fueled the demand for protective apparel and 3D printing filament, which, in turn, is further anticipated to propel the demand for PLA in this end-use.
Over the past decade, the packaging industry in the Middle East & Africa has been experiencing significant growth owing to the increasing number of supermarkets, hypermarkets, and departmental stores in the region resulting from changing purchasing patterns of consumers.
Reasons to subscribe to Middle East & Africa 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 Middle East & Africa 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 continent-level data and insights on the Middle East & Africa polylactic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polylactic acid market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Middle East & Africa Polylactic Acid Market Outlook Share, 2023 & 2030 (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
