Polylactic Acid (PLA) is
thermoplastic polyester derived from renewable feedstock such as corn starch,
sugarcane, wheat, tapioca roots. PLA has wide application such as in Packaging,
Textile, Agriculture, Transportation, Bio-Medical and Electronics industry. Due
to environmental concerns and scarcity & volatility of prices of fossil
fuels, many companies and government regulatory bodies are focusing to find
substitute to oil-based products. Moreover, bio based plastics has huge
potential to reduce the consumption and dependency on petroleum based feedstock
and lessen negative impact on environment by reducing carbon footprints. Thus,
PLA has emerged mainly as source of biodegradable plastics available in the
market in recent years. Furthermore, ongoing research and technical development
in the field of bio-based plastics have enhanced their properties such as high
temperature resistance, thus increasing scope of its application market. The
global Polylactic Acid market is presently facing supply crunch as few
international manufacturers trying hard to meet rapidly rising demand for
bio-based plastics. Thus, it is anticipated that the global Polylactic Acid
market will grow at a double digit growth rate.
Meanwhile, raw materials such as
corn, genetically modified wheat, sugarcane etc. is abundantly available in
Asia Pacific region mainly China thus manufacturers can take advantage of this
in availing cost benefit. Moreover, distribution channel also plays a vital
role in the life cycle management of PLA due to presence of wide range of end
user application.
The report analyses the global Polylactic
Acid market by application namely Packaging, Textile, Agriculture,
Transportation, Bio-Medical, Electronics and others. Packaging industry
captures major share of the application market especially food packaging
industry. Furthermore, it is preferred in food packaging industry due to
increasing awareness about environmental concerns possess by the use of
conventional plastics packaging. Moreover, bio-based plastics have lower carbon
footprint as compared to fossil fuel plastics and hence is considered as a
potential solution to prevent harmful impact on the environment caused by
carbon footprints. Due to technological development and ongoing research on
Poly lactic Acid production process it is anticipated that PLA market will find
new application with better performance property. The demand of PLA in textile,
packaging, transportation will continue to grow due to faster growth in end
user industries.
The value chain analysis for
Polylactic Acid market consists of stages such as raw material suppliers,
Polylactic Acid manufacturers, distribution channels, packaging industry, end
users industry. Various value added in each stage is explained in detailed in
the report which will enable the stakeholders to be cost competitive and
identify requisites for process improvement at various levels of product
manufacturing. Top investment pocket analysis comparatively investigates the
opportunities available for PLA manufacturers in different end-use industry
segments. Various economic factors which are significant in determining market
trend, buying decisions and market attractiveness had been analyzed for market
estimation and forecasting. Detailed elaboration of drivers, restraints and
opportunities in the report will enable in strategic decision making with
perceptive to identify potential market. In addition to this, the study also
discusses various environmental and regulatory factors critical for the market
growth. Thus, estimation of market numbers, with due consideration to all these
factors has helped in enhancing the scope of the report. This analysis will
support stakeholders such as manufacturers and distributers of Polylactic Acid
in identifying and capturing markets with high potential. Five force analysis
discusses five forces such as bargaining power of buyers (commercial usage,
food and beverage industry, textile, bio-medical, and electronic industry),
bargaining power of suppliers (raw material suppliers), Degree of Competition,
Threat of New Entrants, and Threat of Substitute Product in detailed.
Historical data is provided for 2011, 2012 whereas forecast is available
through 2018 in terms of revenue ($million) for each and every segment.
The report also analyses the global
PLA market by geography namely North America, Europe, Asia Pacific, Latin
America and RoW. Asia Pacific region is expected to grow at a faster rate due
to increasing demand from end user market supported by easily availability of
naturally occurring raw material such as corn, sugarcane, wheat and tapioca.
Thus, many manufacturers are installing Polylactic Acid manufacturing plants in
close proximity with such regions in order to get cost advantage. Also, in
recent years, food and beverage and its export has increased in China thus it
will enable growth of Polylactic Acid market with high double digit growth rate
during the forecast period.
Company profiled in this report
include Nova Chemicals Corporation, Dow Chemical, Eastman Chemical, DuPont
Corporation, Bayer AG, Exxon Mobil Chemical, Chemson Group, Mitsubishi Chemical
Corporation (MCC), China Petroleum & Chemical Corporation (Sinopec), Nova
Chemicals Corporation and Braskem S.A. including others. The market is also
analyzed on the basis of major market players in the global Polylactic Acid
market. This analysis is done on the basis of their business strategies and
recent organic and inorganic development. Company profiles of top worldwide
market players included in this report covers their business strategies,
financial overview, SWOT analysis and recent development. This inclusion will
enhance the strategic business decision making of the stakeholders.
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