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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Polylactic Acid (PLA) Market Growth
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.
Europe Polylactic Acid (PLA) Market Report Snapshots
Europe Polylactic Acid (PLA) Market Size
Europe Polylactic Acid (PLA) Market Growth
Europe Polylactic Acid (PLA) Companies
*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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Key Questions Answered in the Report
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