PLA Films Market Analysis: Global Industry Size, Growth and Forecast
Report ID : 1351494 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the PLA Films Market is categorized based on Type (Biodegradable PLA Films, Non-biodegradable PLA Films) and Application (Packaging, Agriculture, Medical, Textiles, Consumer Goods) and End-User (Food Industry, Pharmaceuticals, Electronics, Personal Care, Industrial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Valued at $1.2 billion in 2023, the PLA Films Market size is expected to grow to $3.5 billion by 2033, with a CAGR of 11.4% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.
The market for Polylactic Acid (PLA) films is going through profound changes due to a spike in the need for eco-friendly and sustainable materials. Renewable materials, including cornstarch and sugarcanes, PLA films are coming to the forefront in various sectors, prominently in agriculture and packaging. What makes them more suitable is their natural biodegradability and ability to be composted, which makes them an ideal alternative to plastics made from petroleum, in addition to meeting the growing demand for eco-friendly solutions. The increased adoption of these resources by businesses and manufacturers striving to achieve carbon neutrality makes it likely for these films to gain prominence, which would provide a unique opportunity for innovation and growth.
Alongside adding fresh production capability, the PLA films market has also widened its scope of application in recent years. PLA films have gained massive acceptance from companies willing to improve their eco-friendly image, thanks to its broad spectrum of applications, which includes food packaging and medical supplies. Also, the advancement of technologies which provide better performance attributes like higher durability and strengthened barrier characteristics will highly make these films attractive to many industries. This report analyzes the elements of the PLA films market including, major competitive forces and trends as well as prospective opportunities that are defining this promising fragment of the B2B market.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | NatureWorks LLC, Total Corbion PLA, Mitsubishi Chemical Corporation, BASF SE, Futerro, Bio-on S.p.A., Novamont S.p.A., Green Dot Bioplastics, Cardia Bioplastics, Trex Company Inc., Plantic Technologies Ltd. |
| SEGMENTS COVERED |
By Type - Biodegradable PLA Films, Non-biodegradable PLA Films
By Application - Packaging, Agriculture, Medical, Textiles, Consumer Goods
By End-User - Food Industry, Pharmaceuticals, Electronics, Personal Care, Industrial
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
PLA Films Market Dynamics
The PLA Films Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
PLA Films Market Segmentations
Market Breakup by Type
- Overview
- Biodegradable PLA Films
- Non-biodegradable PLA Films
Market Breakup by Application
- Overview
- Packaging
- Agriculture
- Medical
- Textiles
- Consumer Goods
Market Breakup by End-User
- Overview
- Food Industry
- Pharmaceuticals
- Electronics
- Personal Care
- Industrial
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the PLA Films Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- NatureWorks LLC
- Total Corbion PLA
- Mitsubishi Chemical Corporation
- BASF SE
- Futerro
- Bio-on S.p.A.
- Novamont S.p.A.
- Green Dot Bioplastics
- Cardia Bioplastics
- Trex Company Inc.
- Plantic Technologies Ltd.
Customization Options
Verified Industry Insights offers one of the following report customization options to our respectable clients :
Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research
Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439
© 2024 Verified Industry Insights. All Rights Reserved