Bio-based polymer specifically designed for fiber production in textiles and nonwoven applications
Market Overview
Sustainable alternative to conventional petroleumbased fibers
Growing adoption driven by increasing environmental awareness and regulations
Applications across tea bags, textiles, agriculture, automotive, and hygiene products
Market Value & Growth Projections
Market Statistics:
USD 154 million (2023)
Projected to reach USD 200.94 million by 2032
CAGR of 3.00% (2024-2032)
Key Market Drivers:
Growing demand for sustainable textile solutions
Government regulations promoting bioplastics
Rising consumer environmental awareness
Expansion in nonwoven applications
Technological advancements
improving PLA properties
Market Segmentation
By Type
By Application
NatureWorks
Key Market Players
Teijin
Toray
Regional Market Analysis
North America:
Market size: USD 42.22 million (2023);
CAGR: 2.57% (2024-2032);
Key players: NatureWorks, Total Corbion
Europe:
Led by Germany, UK, and France; Focus on sustainable textiles and nonwovens
Asia-Pacific:
Rapid growth in China and Japan; Expanding textile and agriculture sectors
Middle East & Africa: Emerging market with growing focus on sustainability; UAE and Egypt exploring PLA applications
South & Central America:
Growth in textile and agricultural applications
