DUBLIN , June 23, 2022 /PRNewswire/ -- The "Polylactic Acid (PLA) Market by Grade (Thermoforming, Extrusion, Injection Molding, Blow Molding), Application (Rigid Thermoform, Film & Sheet, Bottles), End-use Industry (Packaging, Consumer Goods, Agricultural, Textile, Biomedical) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global PLA market size is projected to grow from USD 1.0 billion in 2021 to USD 1.9 billion by 2026, at a CAGR of 12.2% between 2021 and 2026.
The market is driven by various factor such as increasing demand of PLA in packaging industry, government regulations in Europe , increased focus of government on green procurement policies, and shift in consumer preference toward eco-friendly and biodegradable plastic products.
Moreover, high potential in emerging countries of APAC such as India , and China , and multi-functionalities of PLA is expected to drive the market during the forecast period. However, the market is in the nascent stage in developing countries due to the challenges, such as processing after the end of life, fluctuation in oil prices, performance limitations of PLA, and limited regulations of PLA in developing countries. Changing consumer preference toward eco-friendly plastic products is driving the demand for PLA during the forecast period The PLA market in European countries such as Germany , and UK is expected to witness high growth, owing to Improving consumer awareness regarding sustainable plastic solutions. Moreover, increasing landfills and waste piles have emerged as serious environmental, and health hazards resulted in numerous adverse effects on the ecosystem.
Rising consumer awareness due to adverse effects of traditional plastics is encouraging the use of PLA. Additionally, rising investment in new packaging technology, and strict government norms regarding plastic usage and ban on single-use plastics is expected to increase the growth rate in Europe , during the forecast period. Government focus on green procurement policies and regulations to boost the demand for PLA during the forecast period Rising prohibition against conventional plastics, and government regulations towards development of sustainable ecosystem is driving the PLA market worldwide. Developed countries such as Europe , and North America are becoming more stringent, and encouraging the use of sustainable and eco-friendly products.
Various government are implementing new policies and programs such as green dot system in Europe , and initiatives such as "Bio Preferred" in North America to promote PLA. Moreover, to curb the use of conventional plastics, various governments are providing tax benefits, and incentives to promotes eco-friendly materials to reduce the consumption of plastics. Europe to dominate the PLA market in 2020 Europe is the largest market for PLA, owing to the strict government norms regarding plastic usage and ban on single-use plastics. Additionally, European countries are investing heavily in new packaging technology to suit customer demands and needs. Countries such as Germany , and UK have established food & beverage industry (particularly packed food), and environmentally inclined rules & regulations is expected to boost the demand for the PLA market during the forecast period. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Developed Economies to Witness Relatively Higher Growth 4.2 Pla Market , by Grade 4.3 Pla Market , by Application 4.4 Pla Market , by End-Use Industry 4.5 Pla Market , by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Changing Consumer Preference Toward Eco-Friendly Plastic Products 5.2.1.2 Increasing Use in Packaging and Compostable Bag Applications 5.2.1.3 Government Focus on Green Procurement Policies and Regulations 5.2.1.4 Technological Advancements to Encourage Production of Pla 5.2.2 Restraints 5.2.2.1 Higher Prices of Pla Than Conventional Plastics 5.2.3 Opportunities 5.2.3.1 Development of New Applications 5.2.3.2 High Potential in Emerging Countries of Asia-Pacific 5.2.3.3 Multi-Functionalities of Pla 5.2.4 Challenges 5.2.4.1 Performance Issue 5.2.4.2 Fluctuating Oil Prices Create Volatility in Demand for Pla 5.2.4.3 Expensive and Complex Production Process 5.3 Porter's Five Forces Analysis 5.3.1 Bargaining Power of Suppliers 5.3.2 Bargaining Power of Buyers 5.3.3 Threat of Substitutes 5.3.4 Threat of New Entrants 5.3.5 Intensity of Competitive Rivalry 5.4 Value Chain Analysis 5.4.1 Raw Material Suppliers 5.4.2 Manufacturers 5.4.3 Distributors 5.4.4 End-Consumers 5.5 Patent Analysis 5.6 Raw Material Analysis 5.7 Tariff & Regulations 5.8 Trade Analysis 5.9 Ecosystem Mapping 5.10 Technology Analysis 5.10.1 Development of Nanocellulose and Nanocomposites 5.11 Trends/Disruptions Impacting Customer's Business 5.12 Macroeconomic Analysis 5.13 Average Selling Price Analysis 5.14 COVID-19 Impact Analysis
6 Polylactic Acid Market, by Grade 6.1 Introduction 6.2 Thermoforming Grade 6.3 Injection Molding Grade 6.4 Extrusion Grade 6.5 Blow Molding Grade 6.6 Others
7 Polylactic Acid Market, by Application 7.1 Introduction 7.2 Rigid Thermoforms 7.3 Films & Sheets 7.4 Bottles 7.5 Others
8 Polylactic Acid Market, by End-Use Industry 8.1 Introduction 8.2 Packaging 8.2.1 Food Packaging 8.2.2 Non-Food Packaging 8.3 Consumer Goods 8.3.1 Electrical Appliances 8.3.2 Domestic Appliances 8.4 Agricultural 8.4.1 Planter Boxes 8.4.2 Tapes & Mulch Films 8.4.3 Netting 8.5 Textile 8.5.1 Diapers and Wipes 8.5.2 Female Hygiene 8.5.3 Personal Care, Clothes, Disposable Garments, Medical & Healthcare, and Other Textiles 8.6 Biomedical 8.6.1 Medical Plates & Screws 8.6.2 Implants 8.7 Others
9 Polylactic Acid Market, by Region
10 Competitive Landscape 10.1 Introduction 10.2 Strategies Adopted by Key Players 10.3 Market Share Analysis 10.3.1 Ranking of Key Market Players 10.3.2 Market Share of Key Players, 2020 10.4 Revenue Analysis of Top Players 10.5 Market Evaluation Matrix 10.6 Company Evaluation Matrix 10.6.1 Star 10.6.2 Emerging Leaders 10.6.3 Pervasive 10.7 Company Footprint 10.7.1 Strength of Product Portfolio 10.7.2 Business Strategy Excellence 10.8 Startups and Small and Medium-Sized Enterprises (Smes) Evaluation Matrix 10.8.1 Progressive Company 10.8.2 Responsive Companies 10.8.3 Starting Blocks 10.9 Competitive Scenario 10.9.1 New Product Launches 10.9.2 Deals 10.9.3 Other Developments
11 Company Profiles 11.1 Key Players 11.1.1 Natureworks LLC 11.1.2 Total Corbion Pla 11.1.3 Basf Se 11.1.4 Cofco 11.1.5 Futerro 11.1.6 Danimer Scientific 11.1.7 Toray Industries, Inc. 11.1.8 Evonik Industries 11.1.9 Mitsubishi Chemical Corporation 11.1.10 Unitika Ltd. 11.2 Other Players 11.2.1 Zhejiang Hisun Biomaterials Co., Ltd. 11.2.2 Shanghai Tong-Jie-Liang Biomaterialsco., Ltd. 11.2.3 Chongqing Bofei Biochemical Products, Ltd. 11.2.4 Zhangjiagang Create Material Co., Ltd. 11.2.5 Synbra Technology 11.2.6 Sumitomo Chemical Co., Ltd. 11.2.7 Fkur 11.2.8 Musashino Chemical Laboratory, Ltd. 11.2.9 Akro-Plastic GmbH 11.2.10 Vaishnavi Bio Tech 11.2.11 Carbiolice 11.2.12 Shenzhen Esun Industrial Co., Ltd. 11.2.13 Jiangsu Supla Bioplastics Co., Ltd. 11.2.14 Nantong Jiuding Biological Engineering Co., Ltd. 11.2.15 Floreon
For more information about this report visit https://www.researchandmarkets.com/r/q8t5x7
Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
View original content:https://www.prnewswire.com/news-releases/the-worldwide-polylactic-acid-industry-is-expected-to-reach-1-9-billion-by-2026--301573939.html
(Bloomberg) -- The prolonged slump in Bitcoin is making it more difficult for some miners to repay the up to $4 billion in loans they have backed by their equipment, posing a potential risk to major crypto lenders.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightStocks Eye Best Week in a Month as Sentiment Calms: Markets WrapJuul’s Vaping Products Are Ordered Off the Market in the USThese Are the World’s Most Liveable Cities in 2022‘Coast to Coast’ Housing C
Russia’s fiddling with gas flows to Europe could create an economic spillover effect, warns Germany’s top economy minister.
Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world's largest automaker by sales, said on Thursday it would recall 2,700 bZ4X SUVs globally. Subaru Corp, in which Toyota has a nearly 20% stake, also said it was recalling about 2,600 units of the Solterra, a related model.
(Bloomberg) -- The US energy chief struck a conciliatory tone in a high-stakes meeting with top oil executives to discuss soaring gasoline prices on Thursday, though the huddle yielded little progress on a plan to address the supply crunch. Most Read from BloombergJuul’s Vaping Products Are Ordered Off the Market in the USElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsThese Are the World’s Most Liveable Cities in 2022Recession Worries Boost Treasuries; Stocks Advance: Market
Palantir Technologies went public in late 2020 and got lots of attention from the wallstreetbets crowd for a while. The company sells software and services to corporations and governments seeking to solve problems using data analysis.
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has a knack for making money. Despite navigating his way through more than a half-dozen bear markets since taking the reins in 1965, the Oracle of Omaha has created more than $590 billion in shareholder value and overseen a better than 3,600,000% aggregate return for his company's Class A shares (BRK.A). Warren Buffett's success as an investor is the result of a long list of factors, including his love of dividend-paying stocks and time-tested businesses that can outperform in virtually any economic environment.
Lori Augustine took a familiar path to the Bay Area, loading up a U-Haul and moving here from Missouri for better economic opportunities and the freedom to be herself as a gay woman. Finding a job was a secondary concern, joining United Airlines as a customer service agent shortly after arriving in the Bay Area 25 years ago. Today, after senior leadership roles for United in Los Angeles and its Chicago headquarters, she dubs herself the CEO of United’s hub at SFO, where she oversees much of the carrier’s operations.
When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won't turn it back on again. This week, Russia cut gas flows to Europe to 40% of the pipeline's capacity, blaming delayed equipment repairs and leaving Germany and other European states racing to find alternative supplies to head off the risk of rationing when winter comes. Now, Europe fears President Vladimir Putin will use a scheduled maintenance programme on the pipeline from July 11 to 21 to turn the screws, putting a brake on efforts to refill inventories in retaliation for far-reaching sanctions over Moscow's invasion of Ukraine.
Walgreens Boots Alliance Inc agreed to pay $105 million to settle a long-running class-action lawsuit accusing it of misleading shareholders about how rising generic drug prices and reimbursement pressures would hurt its pharmacy business. The preliminary all-cash settlement was filed on Thursday in a federal court in Chicago following six months of mediation, and requires a judge's approval. Walgreens denied wrongdoing, but settled to avoid the uncertainty, burden and cost of further litigation, settlement papers show.
The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast. Magazine Der Spiegel reported on Friday that the German economy ministry is considering expropriating the part of the pipeline system located on German territory and cutting it off from the rest of the pipeline. Russia said it would be a matter for lawyers if Germany took such steps.
DEEP DIVE This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts considerably.
A bill is headed for consideration by the full Senate that would move the age at which you have to start drawing down your retirement plan savings to 75. The House of Representatives passed a similar measure, so sponsors are … Continue reading → The post You're One Step Closer to Being Able to Delay Your RMDs in Retirement appeared first on SmartAsset Blog.
United Airlines pilots will get more than 14% in pay raises in 18 months, and paid maternity leave under a new deal negotiated with the company, demonstrating the bargaining power aviators are enjoying in a short-staffed industry. The two-year agreement, approved by union leaders on Friday, will now be sent out to members for ratification. The contract provides more than 14.5% cumulative pay increases and enhanced overtime and training pay, said the Air Line Pilots Association (ALPA), which represents over 14,000 pilots at the Chicago-based carrier.
Netflix Inc. Chief Executive Ted Sarandos made it official Thursday: Ads are coming to the streaming service, and the company is huddling with potential business partners to make it happen.
Leaders of United Airlines’ pilots union signed off on a tentative contract agreement that would raise pilots’ pay by more than 14% within 18 months.
Oil is among the biggest commodity gainers of the year as global supplies remain tight, but the potential for a recession threatens demand as major producers prepare to make another decision on output levels.
Worried about falling profits and high fixed costs, investors have been dumping publicly traded bitcoin miners like Riot Blockchain and TeraWulf amid the cryptocurrency selloff.
A U.S. appeals court said the judge in the original case should have disqualified himself after learning his wife owned stock in Cisco Systems.
Tesla CEO Elon Musk spoke with a Tesla owners club. He talked bankruptcy, advertising, full self driving, and birthrates. There was a lot to digest.
Senators pass bipartisan law to curb gun violence, airlines cut services amid flight delays and staff shortages, takeaways from the Barron’s Investing in Tech summit, and other news to start your day.