Turkey Polylactic Acid Market Size & Outlook, 2023-2030
Turkey polylactic acid market, 2019-2030 (US$M)
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Turkey polylactic acid market highlights
- The Turkey polylactic acid market generated a revenue of USD 17.7 million in 2023 and is expected to reach USD 68.2 million by 2030.
- The Turkey market is expected to grow at a CAGR of 21.2% 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 17.7 million |
| Market revenue in 2030 | USD 68.2 million |
| Growth rate | 21.2% (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, Turkey accounted for 2.5% 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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Turkey 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 36.72% in 2023. Horizon Databook has segmented the Turkey polylactic acid market based on packaging, agriculture, automotive & transport, electronics, textile covering the revenue growth of each sub-segment from 2019 to 2030.
The ongoing technological improvements in the packaging, textiles, and electronics industries resulting from technology transfer witnessed by the country have also led to the risen demand for polylactic acid. This, in turn, has fueled the growth of polylactic acid market in Turkey.
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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey polylactic acid market , including forecasts for subscribers. This country databook contains high-level insights into Turkey polylactic acid market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey polylactic acid market size, by end-use, 2019-2030 (US$M)
Turkey Polylactic Acid Market Outlook Share, 2023 & 2030 (US$M)
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