Asia Pacific Polylactic Acid PLA Packaging Market Analysis

Asia Pacific Polylactic Acid [PLA] Packaging Market Overview

Asia Pacific Polylactic Acid [PLA] Packaging Market Size was valued at USD 0.5 Billion in 2022. The polylactic acid [PLA] packaging industry is projected to grow from USD 0.6 Billion in 2023 to USD 1.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2023 - 2032). The primary market driver of the polylactic acid (PLA) packaging market's expansion is the packaging industry's growing need for biodegradable packaging substitutes and multi-layer packaging to stop oxygen and water leaking in.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Polylactic Acid [PLA] Packaging Market Trends

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  Rapid expansion of packaging sector to accelerate market growth

  
  

One of the biggest sector for PLA is the packaging sector. In 2021, the polylactic acid (PLA) packaging market's sales share was slightly over 68% due to packaging. In addition, worries regarding food safety and cleanliness have gained more attention on a scale in light of the pandemic. According to the Indian Institute of Packaging, India's annual per capita packaging usage has grown from 4.3 to 8.6 kg, a 200% rise over the previous ten years. Nevertheless, China controls the market CAGR and is the world's biggest producer and exporter of goods and materials for packaging. Furthermore, bottles, envelopes, shopping or carrier bags, bread bags, bakery boxes, windows in display cartons, and fruit and vegetable packaging are the main applications for PLA. Moreover, biodegradable materials are becoming more and more popular for food packaging in the restaurant chains and food processing industries. Since certain plastics have been linked to cancer, people are being more conscious of food safety. Moreover, the statistics following the lockdown show a systematic shift in the preferences of consumers' offline versus online shopping. Over the coming years, it is anticipated that demand in the polylactic acid (PLA) packaging industry would rise as consumers all over the world grow more accustomed to buying online.

Furthermore, the pandemic has had a beneficial effect on the packaging industry's expansion. As a result, there is a growing market for plastic packaging, including environmentally friendly alternatives to plastic like PLA packaging materials. Food manufacturers began employing PLA-based packaging after initially choosing other forms of packaging since the products are affordable, durable, and safe. Biopolymer packaging materials, such as those based on PLA, are also becoming more common as a result of the packaging industry's increased focus on sustainability and the preservation of product quality. PLA breaks down into carbon dioxide and water after 47 to 90 days. Faster than PET-based bags used in different types of packaging by four times. Furthermore, because polylactic acid is derived from renewable sources, its demand is driven by their low cost, use of agro-industrial waste, and renewable raw materials. Thus, driving the polylactic acid [PLA] packaging market revenue.

Polylactic Acid [PLA] Packaging Market Segment Insights

Polylactic Acid [PLA] Packaging Type Insights

The Asia Pacific Polylactic Acid [PLA] Packaging market segmentation, based on type includes racemic PLLA (poly-l-lactic acid), PDLA (poly-d-lactic acid), regular PLLA (poly-l-lactic acid), PDLLA (poly-dl-lactic acid) and PLA blends. The regular PLLA (poly-l-lactic acid) category led the market in 2022. A thermoplastic polymer that is both biodegradable and bioactive, polylactic acid (PLA) is produced from renewable resources such as sugarcane or maize starch. It is frequently utilized in many different contexts, such as packaging goods. A particular kind of PLA with improved mechanical qualities is called regular poly-L-lactic acid (PLLA), and it is frequently utilized in sophisticated applications such as medical implants.

Polylactic Acid [PLA] Packaging Raw Material Insights

The Asia Pacific Polylactic Acid [PLA] Packaging market segmentation, based on raw material, includes sugarcane, corn, cassava, sugar beet and others. The sugarcane category generated the most income. Packaging made from sugarcane, which is frequently combined with polylactic acid (PLA), is seen as an environmentally beneficial and sustainable choice. PLA is a bioplastic that is produced from renewable materials, usually sugarcane or maize starch. This kind of package label could say that the packaging is made of PLA or sugarcane, indicating that it is eco-friendly.

Polylactic Acid [PLA] Packaging Form Insights

The Asia Pacific Polylactic Acid [PLA] Packaging market segmentation, based on form, includes films and sheets, coatings, fibre and others. The films and sheets category generated the most income. Because of its environmentally benign and biodegradable qualities, polylactic acid (PLA) has become increasingly popular in the packaging industry, especially in films and sheets. Because PLA is made from renewable resources like cornstarch, it is a more environmentally friendly option for packaging than conventional plastic. PLA is used for a number of purposes in the films and sheets category, such as food packaging and disposable flatware.

Polylactic Acid [PLA] Packaging Application Insights

The Asia Pacific Polylactic Acid [PLA] Packaging market segmentation, based on application, includes packaging, transport, agriculture, medical, electronics, textile, hygiene and others. The packaging category generated the most income. The expansion is ascribed to the rising need for packaging from the food, beverage, and cosmetic industries. The higher market share of packaging in the application sector of the polylactic acid (PLA) packaging industry is mainly attributable to these factors.

Polylactic Acid [PLA] Packaging End User Insights

The Asia Pacific Polylactic Acid [PLA] Packaging market segmentation, based on end user, includes Plastic Films, Bottles and Biodegradable Medical Devices. The plastic films category generated the most income. Disposable cutlery and food packaging are only two of the many packaging uses for these materials. PLA plastic films are a popular option for packaging solutions that are considerate of the environment because they have benefits such being barrier-friendly and eco-friendly.

Figure 1: Asia Pacific Polylactic Acid [PLA] Packaging Market, by End User, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Polylactic Acid [PLA] Packaging Regional Insights

Over the course of the forecast period, the Asia Pacific polylactic acid (PLA) packaging market is anticipated to expand at a notable CAGR. The market in the area is expanding as a result of several causes.  This includes the region's substantial auto industry as well as the expanding food processing and packaging sector. In the Asia Pacific region, the plastics sector is also growing quickly. Particularly in the ASEAN nations of Thailand, Indonesia, Vietnam, and the Philippines, the market is expanding rapidly. Furthermore, plastic manufacturers are concentrating on implementing the newest technologies in order to produce innovative materials like PLA. These factors include urbanization, the rising demand for energy, climate change, and technological breakthroughs. In addition, the Asia Pacific region's chemical sector is expanding significantly due to the presence of significant chemical producers like BASF SE and DuPont de Nemours, Inc. Moreover, in the upcoming years, there will likely be a major increase in demand for sophisticated chemicals and polymers, like PLA, for use in packaging applications. This will likely fuel the Asia Pacific polylactic acid (PLA) packaging market expansion in the region.

Figure 2: ASIA PACIFIC POLYLACTIC ACID [PLA] PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Polylactic Acid [PLA] Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the polylactic acid [PLA] packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, polylactic acid [PLA] packaging industry must offer cost-effective items.

Key Companies in the polylactic acid [PLA] packaging market include

• BASF SE


• Futerro


• NatureWorks LLC


• TotalEnergies Corbion


• Sulzer Ltd


• Mitsubishi Chemical Corporation


• TORAY INDUSTRIES, INC.


• Merck KGaA


• Musashino Chemical Laboratory, Ltd.


• Evonik Industries AG


• Polyvel Inc.


• UNITIKA LTD.


• Jiangxi Academy of Sciences Biological New Materials Co., Ltd.


• Shanghai Tong-jie-liang Biomaterials Co., Ltd.


• Zhejiang Hisun Biomaterials Co., Ltd.


• Radici Partecipazioni SpA

Polylactic Acid [PLA] Packaging Market Segmentation

Polylactic Acid [PLA] Packaging Type Outlook

• Racemic PLLA (Poly-l-lactic acid)


• PDLA (Poly-d-lactic acid)


• Regular PLLA (Poly-l-lactic acid)


• PDLLA (Poly-dl-lactic acid)


• PLA Blends

Polylactic Acid [PLA] Packaging Raw Material Outlook

• Sugarcane


• Corn


• Cassava


• Sugar Beet


• Others

Polylactic Acid [PLA] Packaging Form Outlook

• Films and Sheets


• Coatings


• Fibre


• Others

Polylactic Acid [PLA] Packaging Application Outlook

• Packaging


• Transport


• Agriculture


• Medical


• Electronics


• Textile


• Hygiene


• Others

Polylactic Acid [PLA] Packaging End User Outlook

• Plastic Films


• Bottles


• Biodegradable Medical Devices

Polylactic Acid [PLA] Packaging Regional Outlook

• Asia-Pacific


• China


• Japan


• India


• Australia


• South Korea


• Indonesia


• Thailand


• Vietnam


• Malaysia


• Singapore


• Rest of Asia-Pacific