The global lactic acid & polylactic acid market is anticipated to reach USD 9.8 billion and USD 6.5 billion respectively by 2025. Growing demand for environmental friendly packaged products and awareness is expected to drive the market growth over the forecast period. Global lactic acid market is expected to grow at a CAGR of 16.2% from 2017 to 2025. Lactic acid is a colorless syrupy liquid with alcohol and water that is produced from raw materials including carbohydrates such as sugarcane, tapioca, corn and sugar beet. It involves fermentation of carbohydrates in presence of calcium carbonate. Lactic acid is also used to develop poly lactic acid(PLA). The production of PLA uses 68 percent less fossil fuel resources than traditional plastics and it is the world's first greenhouse-gas-neutral polymer. It is one of the major sources of bio-resins use in bioplastics.

PLA is derived from renewable resources. This organic compound is easily compostable and biodegradable, subsequently minimizing environmental hazards including solid waste disposal. Growing demand for biodegradable products is also expected to boost the market growth over the forecast period. However, introduction of other renewable packaging alternatives in the market, for example agricultural natural fiber products such as bagasse, bamboo, palm fiber bulrush. These alternatives are expected to restraint the market growth since all these natural fibers are degradable and low cost, it’s reinforcement with PLA acts as an opportunity which is ecological as well as economical.

Rising crude oil price are also estimated to drive the global PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products. Increasing adoption of bioplastics on account of changing consumer preferences and need for sustainable products is also expected to positively impact the global market in the coming years. However, PLA suffers from distortion at fairly low temperatures hindering their performance compared to other conventional plastics. This resulted in restrictive use of Poly lactic acid to lower its applications in utility packaging. However, companies operating in the market have been are innovation new processes to enhance heat resistance power of polymers.

Based on application type the global market is segmented into industrial, personal care, packaging, petroleum based products and textiles. The largest market share is contributed by industrial applications owing to the extensive use in development of lactate solvents and biodegradable polymers. They are also expected to be the fastest growing segment. Personal care segment is expected to be the fast growing segment, owing to its wide use in products for, anti-acne, skin lightening, anti-aging, and anti-wrinkle. Packaging beverages and food industry is also expected to remain the major application segment for PLA, on account of increasing demand for PLA plastic bottles which are disposable, durable and contain properties including gloss and transparency. In additionally, these products and be easily composted compared to other petroleum based products and also do not emit toxic gases on heating.

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North America is expected to be the largest market over the forecast period. Growing demand among all the application segments and high concentration of allied industries of lactic acid in this region is expected to be the key driving force for the industry in this region. Europe and Asia Pacific are expected to grow at a significant rate owing to the legal regulations and conditions on use of synthetic plastic materials and also market penetration of biobased materials in packaging are expected to drive the market in the region over the next six years.

The key global market participants are Purac, NatureWorks LLC, Galactic, BASF, Pyramid Bioplastics and Synbra. Other players include Meredian Holdings Group, Inc., Synbra Technology B.V., and Corbion N.V. growth in production capacity and Product innovation are among the major initiatives adopted by industry participants in order to gain market share. Favorable regulatory scenario for the use of green packaging on a global level is expected to aid in market expansion over the forecast period. Continuous development efforts to develop higher heat resistant PLA are expected to play a key role overcoming barriers to market growth.

Market Segment:

Lactic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Industrial
• Food and beverages
• Pharmaceuticals
• Personal care
• Others

Polylactic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Packaging
• Agriculture
• Transport
• Electronics
• Textiles
• Others

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Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Central & South America
• Brazil
• Middle East & Africa

The global Lactic Acid and Polylactic Acid (PLA) Market was valued at $XX million in 2017, and Radiant Insights analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028. This report provides detailed historical analysis of global market for Lactic Acid and Polylactic Acid (PLA) from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Lactic Acid and Polylactic Acid (PLA) market.

Leading players of Lactic Acid and Polylactic Acid (PLA) including:

• NatureWorks
• Synbra Technology
• Teijin
• Toray
• Futerro
• Toyobo
• Sulzer
• Uhde Inventa-Fischer
• Hisun Biomaterials
• Shanghai Tongjieliang
• Jiuding Biological Engineering
• Shenzhen Esun Industrial

Market split by Type, can be divided into:

• Poly(L-lactic)acid
• Poly(D-lactic)acid
• Poly(DL-lactic)acid

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Market split by Application, can be divided into:

• Food & Beverage Packaging
• Serviceware
• Electronics & Appliances
• Medical & Hygiene
• Other

Market split by Sales Channel, can be divided into:

• Direct Channel
• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Table of Contents

Chapter 1 Lactic Acid and Polylactic Acid (PLA) Market Overview
1.1 Lactic Acid and Polylactic Acid (PLA) Definition
1.2 Global Lactic Acid and Polylactic Acid (PLA) Market Size Status and Outlook (2013-2028)
1.3 Global Lactic Acid and Polylactic Acid (PLA) Market Size Comparison by Region (2013-2028)
1.4 Global Lactic Acid and Polylactic Acid (PLA) Market Size Comparison by Type (2013-2028)
1.5 Global Lactic Acid and Polylactic Acid (PLA) Market Size Comparison by Application (2013-2028)
1.6 Global Lactic Acid and Polylactic Acid (PLA) Market Size Comparison by Sales Channel (2013-2028)
1.7 Lactic Acid and Polylactic Acid (PLA) Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)

Chapter 2 Lactic Acid and Polylactic Acid (PLA) Market Segment Analysis by Player
2.1 Global Lactic Acid and Polylactic Acid (PLA) Sales and Market Share by Player (2016-2018)
2.2 Global Lactic Acid and Polylactic Acid (PLA) Revenue and Market Share by Player (2016-2018)
2.3 Global Lactic Acid and Polylactic Acid (PLA) Average Price by Player (2016-2018)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player

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Chapter 3 Lactic Acid and Polylactic Acid (PLA) Market Segment Analysis by Type
3.1 Global Lactic Acid and Polylactic Acid (PLA) Market by Type
3.1.1 Poly(L-lactic)acid
3.1.2 Poly(D-lactic)acid
3.1.3 Poly(DL-lactic)acid
3.2 Global Lactic Acid and Polylactic Acid (PLA) Sales and Market Share by Type (2013-2018)
3.3 Global Lactic Acid and Polylactic Acid (PLA) Revenue and Market Share by Type (2013-2018)
3.4 Global Lactic Acid and Polylactic Acid (PLA) Average Price by Type (2013-2018)
3.5 Leading Players of Lactic Acid and Polylactic Acid (PLA) by Type in 2017
3.6 Conclusion of Segment by Type

Chapter 4 Lactic Acid and Polylactic Acid (PLA) Market Segment Analysis by Application
4.1 Global Lactic Acid and Polylactic Acid (PLA) Market by Application
4.1.1 Food & Beverage Packaging
4.1.2 Serviceware
4.1.3 Electronics & Appliances
4.1.4 Medical & Hygiene
4.1.5 Other
4.2 Global Lactic Acid and Polylactic Acid (PLA) Sales and Market Share by Application (2013-2018)
4.3 Leading Consumers of Lactic Acid and Polylactic Acid (PLA) by Application in 2017
4.4 Conclusion of Segment by Application

Chapter 5 Lactic Acid and Polylactic Acid (PLA) Market Segment Analysis by Sales Channel
5.1 Global Lactic Acid and Polylactic Acid (PLA) Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Lactic Acid and Polylactic Acid (PLA) Sales and Market Share by Sales Channel (2013-2018)
5.3 Leading Distributors/Dealers of Lactic Acid and Polylactic Acid (PLA) by Sales Channel in 2017
5.4 Conclusion of Segment by Sales Channel

The Global Lactic Acid Market is anticipated to rise at a significant CAGR of 12.88% during the forecast period. Lactic acid is characterized by its importance in food industry and correlated chemical and physical properties. Pure lactic acid is a colourless and hydroscopic liquid and chemically named as milk acid, which is also an inorganic acid.

The drivers for lactic acid market include rising use of shampoos, creams and body care products and increase in R&D techniques for formulation of personal care products. Consumer approach towards modernized beauty products and rise in formulation development is likely to propel the market growth for the forecast period.

Increase in bioplastic applications along with favourable regulations for use of bio-based materials contributes in enlarging the market demand for lactic acid. Further, rise in consumer awareness pertaining to sustainability, green packaging and recyclability is another reason for growth of market. However, significant pricing and volatility in raw material prices is likely to hinder the market growth during the forecast period.

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Application segment for market includes food & beverages, pharmaceuticals and personal care. Food & Beverages account for a significant market share due to rise in population and enlarged food demands. Geographical segmentation for market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global market due to substantial growth and high demand for personal care products. Increase in production of pharmaceutical and personal care products have enlarged the market demand during the forecast period.

Asia-Pacific regions are likely to witness a significant growth rate due to presence of manufacturing base in India, China and Singapore. European regions are likely to gain a significant share in the global market owing to technological enhancements and price volatility. The key players in the lactic acid market include Cargill, Corbion, Galactic, NatureWorks LLC and Pyramid Bioplastics.

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Global Lactic Acid Market Outlook

Association of well-being with aesthetic feasibility is a major trend globally. Citizens today are deeply concerned about the significance of personal health and physical appearance. Owing to this rising awareness, the opportunity in the personal care and the cosmetics industry is flourishing. These demands surfacing the personal care industry are driving the global lactic acid market owing to its rejuvenating, moisturizing, and antimicrobial features. According to a market analysis report by IndustryARC, the global lactic acid market size was around $3.54 billion as of 2018. And as per the ongoing market trends, the opportunities in the global Lactic acid market is expected to grow at a healthy CAGR of 7.85% during the forecast period of 2019 to 2025.

Browse 63 Market Tables, 179 Figures spread through 153 slides and an in-depth TOC “Lactic Acid Market (2019 - 2025)”

Global Lactic Acid Market: Leading Segments

Considering the applications, the densest demands for the lactic acid market is being conceived from the food and beverage industry, increasing with an application CAGR of around 8.12% going through 2025. This demand is induced largely because of the fermentation qualities of lactic acids. Lactic acid is an essential element for fermentation of breads, soft drinks, sweets, and beer. According to the National Beer Wholesalers Association (NBWA), the U.S. beer industry sells more than $119.3 billion worth of beer to the U.S. consumers annually. Such soaring demands for beer is augmented to escalate the adjacent lactic acid market.

The current market is dominated by the Americas region, with a market share of around 38% of the global lactic acid market. However, the demands are seen increasing from the developing economies as well. The increasing demands for biodegradable polylactic acid-based plastic products in the packaging and the polymers industries is responsible for the growing opportunities for lactic acid in the developing and the developed economies.

Global Lactic Acid Market Demand Analysis

The pharmaceuticals industry has numerous opportunities for lactic acid. It is used as a pH regulator, chiral intermediate, and metal sequestration in the pharmaceutical industry. The rapidly growing innovations in the pharmaceutical industry are projected to expand the market value for the lactic acid market.

Lactic acid has extensive applications in the food and beverage industries as food preservatives and helps to regulate microflora in the food. It uses natural fermentation process for preservatives in food products such as soy sauce, cheese, and pickled vegetables. The sheer growth in the global dairy products are also one of the growth driver for the global lactic acid market. According to the Food and Agriculture Organization of the United Nations, the world milk production is estimated to increase by 177 million tonnes by 2025 which further is expected to create opportunities in the global lactic acid market.

Global Lactic Acid Market Trends

Due to the presence of adjacent carboxyl group to the hydroxyl group, lactic acid is considered as an alpha-hydroxy acid (AHA). Polylactic acid (PLA) is one of the branches of lactic acid, it is a biodegradable aliphatic polyester derived from sugar beets and sugarcane. PLAs are used as a feedstock material in desktop fused filament fabrication 3D printers. 3D printing is being considered as one of the biggest markets in the forecast period. The rise in demands for biodegradable plastics such as PLA is projected to propel the lactic acid market growth.

Global Air Conditioning Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global air-conditioning market are Corbian Purac NV, Galactic SA, FDC ltd., H.K Goel & Co. Pvt. Ltd., Henan jindan, and Lactic Acid Technology Co. Ltd.

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Polylactic Acid Market: By Color (Grey, Brown), By Type of Production (Electric Arc Furnace, Standard Process, Using Water), By Application (Metallurgical Applications, Chemical Applications, Cutting & Welding, Synthesis of Solvents, Production of Chemicals)By End User Industry (Pharmaceuticals, Plastics Industry, Steel Industry, Food & Beverages, Cosmetics), By Geography - Forecast (2018-2023)
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The report includes market estimations and forecast for global lactic acid and polylactic acid market size between 2015 and 2025. The research study also includes lactic acid market size and forecast at a regional and country level. Analytical models such as PESTEL and Porter’s Five Forces are also given for the global lactic acid and polylactic acid market. Furthermore, the study includes global lactic acid and polylactic acid market dynamics including drivers, restraints, and opportunities. The report provides an exhaustive study on the global lactic acid market growth. The report also separately covers the global poly lactic acid market trends. The report is tailored in a manner which gives an overview of polylactic acid and its monomer lactic acid at a global, regional and country level deep dive.

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The global lactic acid and polylactic acid market size, together, are anticipated to be valued at USD 5.48 billion in 2025. Lactic acid is an organic acid that finds several applications across diverse industry verticals such as food & beverage, pharmaceutical, personal care among others. Polylactic acid, a polymer of lactic acid, is among the most widely adopted bioplastics which find application in packaging, textiles, electronics, and agriculture among others. Growing usage across end-user industries coupled with growing adoption for bioplastics is projected to boost the growth for global lactic acid and polylactic acid market over the forecast period.

Polylactic acid is produced by polymerization of lactic acid, is regarded among the innovative bioplastics that are propelling the demand for bioplastics industry. Polylactic acid, among other bioplastics, is an alternative for the traditional plastics which exhibits properties of traditional plastics coupled with benefits of being biodegradable in nature. Therefore, owing to this, polylactic acid (PLA) market is witnessing remarkable growth across the globe.

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Regional analysis of global lactic acid and polylactic acid market shows that Asia Pacific is projected to witness significant growth with CAGR 19.1% over the forecast period. Rapid industrialization coupled with rapid economic growth is supporting the demand for lactic and polylactic acid in the region. China is projected to dominate the region, both in terms of production and consumption. Europe and North America are also projected to show steady growth owing to the high adoption of bioplastics due to stringent environmental regulations.

Cargill, Inc., Galactic, CELLULAC, NatureWorks LLC, Synbra Technology bv, and Weforyou GmbH are some of the key players of the global lactic acid and polylactic acid market. Owing to the robust demand, key players, especially polylactic acid manufacturers, are expanding their production capacity in order to cater to the growing customer base. For instance, in December 2018, Total Corbian, a joint venture between Total and Corbian, commenced production of polylactic acid with a capacity of 75,000 tons in Rayong, Thailand.

Key segments of the global lactic acid and polylactic acid market

Lactic Acid End Use Overview, 2015-2025 (USD Million) (Kilo Tons)

• Industrial applications
• Food and beverages
• Pharmaceuticals
• Personal care products
• Others

Polylactic Acid End Use Overview, 2015-2025 (USD Million) (Kilo Tons)

• Packaging
• Agriculture
• Electronics
• Textiles
• Others

Lactic Acid and Polylactic Acid Regional Overview, 2015-2025 (USD Million) (Kilo Tons)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Rest of Europe
• Asia Pacific
• China
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa

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