Global Bio-polylactic Acid (PLA) Films Market Research Report 2019 (Includes Business Impact of COVID-19)

                                          
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.

The global Bio-polylactic Acid (PLA) Films market is valued at 390 million US$ in 2018 is expected to reach 1170 million US$ by the end of 2025, growing at a CAGR of 14.6% during 2019-2025.
This report focuses on Bio-polylactic Acid (PLA) Films volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bio-polylactic Acid (PLA) Films market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
    NatureWorks LLC
    Futerro
    Tale & Lyle
    Total Corbion PLA
    Hiusan Biosciences
    Toray Industries
    Taghleef Industries
    Amcor
    Toyobo
    Avery Dennison Corporation

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    Sol-Gel
    Atomic Layer Deposition (ALD)
    Multilaye

Segment by Application
    Food & Beverages
    Home & Personal Care
    Pharmaceuticals
    Agriculture
    Others