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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.
Market Analysis and Insights: Global Bio-polylactic Acid (PLA) Films Market
The global Bio-polylactic Acid (PLA) Films market was valued at US$ 539.9 in 2020 and will reach US$ 866.4 million by the end of 2027, growing at a CAGR of 8.2% during 2022-2027.
Global Bio-polylactic Acid (PLA) Films Scope and Market Size
The global Bio-polylactic Acid (PLA) Films market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Bio-polylactic Acid (PLA) Films market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Sol-Gel
Atomic Layer Deposition (ALD)
Multilaye
Segment by Application
Food & Beverages
Home & Personal Care
Pharmaceuticals
Agriculture
Others
The Bio-polylactic Acid (PLA) Films market is analysed and market size information is provided by regions (countries). Segment by Application, the Bio-polylactic Acid (PLA) Films market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
NatureWorks LLC
Futerro
Tale & Lyle
Total Corbion PLA
Hiusan Biosciences
Toray Industries
Taghleef Industries
Amcor
Toyobo
Avery Dennison Corporation
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.
Market Analysis and Insights: Global Bio-polylactic Acid (PLA) Films Market
The global Bio-polylactic Acid (PLA) Films market was valued at US$ 539.9 in 2020 and will reach US$ 866.4 million by the end of 2027, growing at a CAGR of 8.2% during 2022-2027.
Global Bio-polylactic Acid (PLA) Films Scope and Market Size
The global Bio-polylactic Acid (PLA) Films market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Bio-polylactic Acid (PLA) Films market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Sol-Gel
Atomic Layer Deposition (ALD)
Multilaye
Segment by Application
Food & Beverages
Home & Personal Care
Pharmaceuticals
Agriculture
Others
The Bio-polylactic Acid (PLA) Films market is analysed and market size information is provided by regions (countries). Segment by Application, the Bio-polylactic Acid (PLA) Films market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
NatureWorks LLC
Futerro
Tale & Lyle
Total Corbion PLA
Hiusan Biosciences
Toray Industries
Taghleef Industries
Amcor
Toyobo
Avery Dennison Corporation
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