EUROPE POLYLACTIC ACID MARKET FORECAST 2019-2028

EUROPE POLYLACTIC ACID MARKET FORECAST 2019-2028

  • June 2020 •
  • 133 pages •
  • Report ID: 5067711 •
  • Format: PDF
KEY FINDINGS
The Europe polylactic acid market is estimated to register a CAGR of 13.27% in terms of volume during the forecast period, 2019-2028. In terms of revenue, the market is evaluated to reach a CAGR of 11.37%. The European Union is the second-largest consumer of bioplastics. The wide range of applications of polylactic acid in key industries, such as automotive and packaging, is augmenting market growth in the region.

MARKET INSIGHTS
The Europe polylactic acid market growth evaluation entails the assessment of Belgium, the UK, Russia, France, Poland, Germany, Italy, and the rest of Europe.In Russia, easy storage and increased shelf-life of packaged food make them more popular.

Packaged food is expected to see slightly stronger growth in terms of retail volume and current value.The surge in the production of electric vehicles will drive the automotive market in Russia.

The Belgian food processing industry is well-developed, and competition in the beer segment is increasing, with the emergence of many new local breweries. Belgium’s steady demand in the food & beverage market, and the automotive sector’s shift towards EV cars, are stimulating market growth in the country.
Poland’s food & beverage market is expected to record strong growth, owing to the growing population, surging disposable incomes, along with changing trends and product innovations.Changing lifestyle and the increasing demand for processed and convenience food is driving Poland’s packaged food market growth.

The automotive industry is an important part of the country’s economy. In the rest of Europe, polylactic acid is predicted to witness the highest demand from the packaging industry, majorly because of the increasing adoption of sustainable packaging.

COMPETITIVE INSIGHTS
Some of the premier companies functioning in the market are ThyssenKrupp AG, Futerro SA, BASF SE, Mitsubishi Chemical Corporation, Innovia Films, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. NATUREWORKS LLC
2. BASF
3. MITSUBISHI CHEMICAL HOLDING CORPORATION
4. ZHEJIANG HISUN BIOMATERIALS CO LTD
5. FUTERRO SA
6. SYNBRA HOLDING BV
7. TEIJIN LTD
8. DOW CHEMICALS
9. THYSSENKRUPP AG
10. DANIMER SCIENTIFIC
11. GREEN BIOPLASTICS
12. INNOVIA FILMS
13. GOOD NATURED PRODUCTS INC
14. TOTAL-CORBION PLC