European Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.3% during the forecast period. Europe is one of the significant markets in the global PLA market. Owing to its well-established automotive industry, the demand for PLA polymers has increased in a considerable amount. PLA polymers are a renewable, economic and efficient substitute for conventional metal or plastic parts of automobiles. Europe is home to various major automotive companies and represents a significant share in the global automotive industry. Additionally, food packaging, medical and electronic industry together estimated to contribute to the demand for PLA polymers in the region.
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PLA polymer is used as a material for food packaging owing to its decomposable nature. PLA polymer is a rapidly substituting conventional plastic packaging material owing to stringent government regulations in the region. Major European countries such as UK, Germany, France, Spain are generating demand for packaged food. The region constitutes a considerable trade for food and agriculture products. In medical applications such as organ implants, surgeries, and others, PLA polymers are being used as a stent to replace original organs. Owing to its easy decomposable nature, PLA polymers are used as a material for anchors, screws, plates, pins, rods, and mesh.
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The companies in the market include Futerro SA, NatureWorks LLC, Sulzer Ltd., and DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in December 2018, Futerro, Sulzer and TechnipFMC collaborated to simplify the production of bioplastics. These companies have formed the PLAnet initiative in equal partnership for promoting the manufacturing of sustainable plastics produced from PLA. This partnership will support producers interested in entering the bioplastic market by delivering integrated PLA technology packages.
Market Segmentation
European PLA Market by Raw Material
- Corn-based PLA
- Sugar-based PLA
- Cassava-based PLA
- Others
European PLA Market by Application
- Packaging
- Construction Material
- Catering and Tableware
- Agricultural Material
- Consumer Goods
- Electronic Material
- Automobile
- Others
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- BASF SE
- Corbion N.V.
- DuPont de Nemours, Inc.
- Futerro SA
- Merck KGaA
- Mitsubishi Gas Chemical Co., Inc.
- NatureWorks LLC
- RadiciGroup SpA
- ThyssenKrupp AG
- Toray Industries, Inc.
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