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The Europe polylactic acid (PLA) market attained a value of about USD 512.26 million in 2023 and expected to grow in the forecast period of 2024-2032 at a CAGR of 12.2% to reach nearly USD 1,035.78 million by 2032.
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The packaging industry in Europe is witnessing rapid growth owing to the rising demand for convenient products. The evolving consumer preference and the rising demand for sustainable packaging is increasing the use of bioplastics in the packaging industry. This is surging the use of bioplastics as a substitute for fossil fuels. Bioplastics are renewable, and they are made with polylactic acid (PLA), which is sourced from several sustainable resources such as agriculture waste, hence augmenting the market growth. In addition, the trend of sustainable lifestyles is increasing the use of green packaging, especially in food and beverage products. This is increasing the use of polylactic acid (PLA) due to its excellent barrier property, high strength, and stiffness, hence providing further impetus to the industry growth. Moreover, the introduction of various stringent policies regarding the use of plastics due to increasing pollution levels is further fuelling the market growth. For instance, the European Union (EU) is supporting bio-based plastics through various programs such as Horizon 2020 and Horizon Europe by providing incentives for research. The rising use of high-performance and high-quality polylactic acid polymers owing to their durability and functionality in 3D printers is augmenting the industry growth. As polylactic acid has high tensile strength and ductility, it can be used in the manufacturing of various processing means such as foam moulding, injection moulding, and vacuum moulding, among others, which is expected to fuel the market growth.
Polylactic acid (PLA), variously known as PLA or polylactide, is a polyester that is derived from renewable sources such as sugar cane and corn starch. It is recyclable and biodegradable, and is cost-effective. Polylactic acid (PLA) is widely used in the production of bioplastics and medical device prototypes, among others.
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The major types of polylactic acid (PLA) are:
The EMR report looks into the regional markets of polylactic acid (PLA) in Europe like Germany, United Kingdom, France, Italy, and Spain, among others.
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The increasing research and development (R&D) activities by the leading companies are leading to the development of thermal resistant polylactic acid (PLA) with improved functionality and flexibility. The modification of favourable properties of the acid by using various additives during the synthesis is increasing the application of polylactic acid (PLA). This is projected to accelerate the market growth. The rising use of polylactic acid in agriculture and biomedical industries in the form of non-woven fabric or film owing to its biodegradable properties is anticipated to propel the market growth. Moreover, polylactic acid is used in the development of various medical equipment through 3D printing, hence accelerating the market growth.
The development of superior polylactic acid (PLA) with high melting temperature and high transition temperature to be used in various applications is invigorating the growth of the polylactic acid (PLA) industry. Moreover, polylactic acid (PLA) is extensively used in the medical industry. It is used in various biomedicines to control the metabolism rate of a carrier as well as in tissue engineering to ensure the biocompatibility of blood transfusion. It is also used in drug delivery to prolong drug action time and improve its efficiency. Such applications of polylactic acid (PLA) in Europe are expected to boost the industry growth in the forecast period.
The report presents a detailed analysis of the following key players in the Europe polylactic acid (PLA) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Europe Polylactic Acid (PLA) Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Europe polylactic acid (PLA) market reached a value of USD 512.26 million in 2023.
The market is projected to grow at a CAGR of 12.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,035.78 million by 2032.
The market is being driven by the extensive use of polylactic acid (PLA) in bioplastics in the packaging market and the beneficial mechanical properties of polylactic acid over biodegradable polymers.
The key trends of the market include the increasing research and development (R&D) activities to improve the functionality of polylactic acid, development of superior polylactic acid, and rising use of polylactic acid in medical applications.
The major countries in the market are Germany, United Kingdom, France, Italy, and Spain, among others.
The leading types of polylactic acid (PLA) in the market are PLLA (Poly-L-lactic acid), PDLA (Poly-D-lactic acid), and PDLLA (Poly-DL-lactic acid), among others.
The significant applications in the market are packaging, agriculture, textile, biomedical, and electronics, among others.
The key players in the Europe polylactic acid (PLA) market are NatureWorks LLC, Total Corbion PLA, Futerro S.A., BIOTEC GmbH & Co.KG, and Evonik Industries AG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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