Netherlands Polylactic Acid Market Size & Outlook
Netherlands polylactic acid market, 2019-2030 (US$M)
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Netherlands polylactic acid market highlights
- The Netherlands polylactic acid market generated a revenue of USD 9.5 million in 2023 and is expected to reach USD 41.4 million by 2030.
- The Netherlands market is expected to grow at a CAGR of 23.4% 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 9.5 million |
| Market revenue in 2030 | USD 41.4 million |
| Growth rate | 23.4% (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, Netherlands accounted for 1.3% 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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Netherlands 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 36.84% in 2023. Horizon Databook has segmented the Netherlands polylactic acid market based on packaging, agriculture, automotive & transport, electronics, textile covering the revenue growth of each sub-segment from 2019 to 2030.
The PLA market in the Netherlands is anticipated to witness significant growth over the forecast period. The demand for polylactic acid is growing on account of favorable regulations concerning the use of bio based materials.
Bio-based materials, including biogas, biodiesel, biomass, bioplastics, and bio-refinery, have been extensively adopted in various sectors in the past few years in the country. The significant factors behind this adoption are the awareness of the harmful nature of fossil fuels, and the economic opportunities for Dutch businesses from the use of renewable biological resources.
The growing agricultural industry in the Netherlands contributes to the demand for polylactic acid as it is used for the development of agricultural products, such as mulch films and cellulosic materials to control soil erosion and offer a barrier to weed growth in agricultural farms.
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Horizon Databook provides a detailed overview of country-level data and insights on the Netherlands polylactic acid market , including forecasts for subscribers. This country databook contains high-level insights into Netherlands polylactic acid market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Netherlands polylactic acid market size, by end-use, 2019-2030 (US$M)
Netherlands Polylactic Acid Market Outlook Share, 2023 & 2030 (US$M)
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