Polylactic Acid (PLA) Bioplastic Market
Polylactic Acid (PLA) Bioplastic Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Polylactic Acid (PLA) Bioplastic Market Size and Growth
The Polylactic Acid (PLA) bioplastic market is witnessing significant growth, driven by increasing environmental concerns and demand for sustainable products. As of 2023, the market size is estimated to be valued at approximately USD 2 billion, with projections indicating robust expansion in various applications, particularly in packaging and textiles.
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Companies Covered
(Covid 19 Impact Covered)
◍ Braskem
◍ Arkema
◍ BASF
◍ NatureWorks
◍ DuPont
◍ Novamont
◍ FKuR
◍ PSM
◍ Corbion
◍ Kingfa
◍ Danimer Scientific
◍ Biome Bioplastics
◍ Biomer
◍ Myriant
◍ Grabio
◍ Zhejiang Hisun Biomaterials
◍ Mitsubishi
◍ PolyOne
The Polylactic Acid (PLA) Bioplastic Market features key players like NatureWorks, Braskem, and BASF, driving growth through innovations in sustainable materials. Companies focus on enhancing PLA applications across packaging, textiles, and consumer products. Sales revenues include:
- NatureWorks: ~$350 million
- BASF: ~$78 billion overall (bioplastics not specified)
- DuPont: ~$20 billion overall (bioplastics not specified).
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Market Segmentation
By Application
By Product
Poly(L-lactic)acid
Poly(DL-lactic)acid ◍ Food & Beverage Packaging ◍ Serviceware
◍ Electronics & Appliances ◍ Medical & Hygiene
Other
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Poly(D-lactic)acid
Market Growth
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$ X Billion USD
