Covid-19 Impact on Bio-polylactic Acid (PLA) Films Market, Global Research Reports 2020-2021

SKU ID : QYR- 15646717

Publishing Date : 11-May-2020

No. of pages : 99

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  • The use of bio-based materials as food packaging materials is on a continuous rise, owing to their advantages over fossil-based plastics, such as use of renewable resources in their production and, in many cases, the biodegradability and/or compostability of the finished product, which offers an alternative to disposal in landfills. The most common bio-based plastic synthesized from bio-based monomer is polylactic acid.

    PLA is an aliphatic polyester produced by the polymerization of lactic acid (2-hydroxypropionic acid). Lactic acid can be produced synthetically from hydrogen cyanide and acetaldehyde, or naturally by anaerobic fermentation by bacteria or certain fungi of carbon substrates, either pure (e.g., glucose and sucrose) or impure (e.g., starch). Bio-PLA films can hold creases or twists, a property normally lacking in plastic films. The physical properties of PLA make it an ideal candidate for replacement of fossil-based plastics in several application areas of low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene (PP), and polyethylene terephthalate (PET).
    Positive growth indicators in the food & beverage industry and increase in demand for food packaging for prolonged preservation drive the bio-PLA films market. Moreover, rapid adoption of these films as a synthetic plastic in agricultural applications, such as cultivation of soft fruits and vegetables, has reduced harsh environmental impacts, leading to market growth. However, high product cost in comparison with synthetic and semi-synthetic films restrains the growth. In addition, relatively low vapor barrier and mechanical properties of the product may hamper industry growth in the future.

    This report provides a complete quantitative data and qualitative analysis on the global market for Bio-polylactic Acid (PLA) Films. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
    Prior to COVID-19, the global market for Bio-polylactic Acid (PLA) Films was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Bio-polylactic Acid (PLA) Films is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
    This report covers market size and forecasts of Bio-polylactic Acid (PLA) Films, including the following market information:
    Global Bio-polylactic Acid (PLA) Films Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) & (K MT)
    Global Bio-polylactic Acid (PLA) Films Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) & (K MT)
    Global Bio-polylactic Acid (PLA) Films Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) & (K MT)
    Global Bio-polylactic Acid (PLA) Films Market Size by Company, 2019- 2020 (quarterly data), (US$ Million) & (K MT)
    Key market players
    Major competitors identified in this market include NatureWorks LLC, Futerro, Tale & Lyle, Total Corbion PLA, Hiusan Biosciences, Toray Industries, Taghleef Industries, Amcor, Toyobo, Avery Dennison Corporation, etc.
    Based on the Region:
    Asia-Pacific (China, Japan, South Korea, India and ASEAN)
    North America (US and Canada)
    Europe (Germany, France, UK and Italy)
    Rest of World (Latin America, Middle East & Africa)
    Based on the Type:
    Sol-Gel
    Atomic Layer Deposition (ALD)
    Multilaye
    Based on the Application:
    Food & Beverages
    Home & Personal Care
    Pharmaceuticals
    Agriculture
    Others

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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