Market size of polylactic acid
Polylactic acid (PLA), as an environmentally friendly biodegradable material, has been widely used in various fields such as packaging, textile, medical, and agriculture in recent years, and its market size continues to expand. According to the analysis and statistics of the polylactic acid market size, the global polylactic acid (PLA) market size will reach 11.895 billion yuan (RMB) in 2022, and it is expected to reach 33.523 billion yuan by 2028. The annual compound growth rate of the polylactic acid (PLA) market is estimated to be 19.06% during the forecast period.
From the perspective of the application fields of polylactic acid, packaging materials are currently the largest consumer area, accounting for more than 65% of the total consumption. With the improvement of environmental awareness and the requirements of sustainable development, the application of polylactic acid in the packaging field is expected to further expand. At the same time, the application fields of catering utensils, fiber/non-woven fabrics, 3D printing materials, etc. have also provided new growth points for the polylactic acid market. From the perspective of actual demand, with the support of plastic restriction and ban regulations by governments in various countries and regions, the global demand for biodegradable plastics continues to grow. The demand for polylactic acid in China’s market in 2022 is expected to reach 400000 tons, and it is projected to reach 2.08 million tons by 2025. At present, the main consumption area of polylactic acid is packaging materials, accounting for over 65% of the total consumption; Next are applications such as dining utensils, fiber/non-woven fabrics, and 3D printing materials. Europe and North America are the largest markets for PLA, while the Asia Pacific region is one of the fastest-growing markets.
Market space of polylactic acid
Enhancing environmental awareness promotes market growth: With the increasing global environmental awareness, the demand for biodegradable materials continues to rise. Polylactic acid, as a material derived from renewable resources and biodegradable in the natural environment, is increasingly favored by industries and consumers.
The development potential of replacing traditional plastics: Polylactic acid has good biodegradability and biocompatibility, and can be used to replace disposable plastic products such as plastic bags, tableware, packaging materials, etc. Therefore, it has great potential for development in daily necessities and packaging industries.
Continuous improvement of material properties: With the advancement of technology, the performance of polylactic acid has been continuously improved, especially in terms of strength, heat resistance, and processability, making significant progress and expanding its range of applications, such as in 3D printing, medical devices, and other fields.
Policy support and industrial chain development: Some countries and regions encourage the use of biodegradable materials through policy support and legislative measures, which will promote the growth of the polylactic acid market. Meanwhile, with the continuous improvement of the industrial chain and further cost reduction, the polylactic acid market will become more competitive.
Exploring emerging application areas: Polylactic acid not only has a market in traditional packaging and daily necessities, but also has potential application prospects in soil amendments, medical supplies, textiles, and other fields. In the future, exploring emerging fields will further drive market demand.
Overall, as a biodegradable material, polylactic acid has good market development prospects, especially with the promotion of environmental awareness, technological improvement, and policy support. The polylactic acid market is expected to usher in more development opportunities.
Key enterprises in the PLA non-woven fabric industry
Key enterprises in the global biodegradable PLA non-woven fabric industry, including Asahi Kasei Corporation, Qingdao Vinner New Materials, Foshan Membrane Technology, Great Lakes Filters, eSUN Bio Material, WINIW Nonwoven Materials, Foshan Guide Textile, D-TEX Nonwovens, Fujian Greenjoy Biomaterial, Techtex, TotalEnergies Corbion, National Bridge Industrial.
Challenges Faced by the PLA Nonwovens Industry
Despite the promising growth prospects, the PLA nonwovens industry faces certain challenges. One major challenge is the cost of production. PLA is currently more expensive to produce compared to traditional nonwoven materials. However, advancements in technology and economies of scale are expected to drive down the production costs in the future. Another challenge is the limited availability of raw materials. PLA is derived from renewable sources, and any fluctuations in the supply chain can impact the industry’s growth.
Environmental Impact of PLA Nonwovens
The environmental impact of PLA nonwovens(PLA nonwoven fabric custom) is a crucial aspect to consider. PLA is derived from renewable resources and has a lower carbon footprint compared to petroleum-based materials. PLA nonwovens are compostable and break down into natural components under specific conditions. This characteristic reduces the accumulation of non-biodegradable waste in landfills and contributes to a more sustainable future. However, it’s important to ensure proper waste management systems are in place to maximize the benefits of PLA nonwovens.
Dongguan Liansheng Non woven Technology Co., Ltd. was established in May 2020. It is a large-scale non-woven fabric production enterprise integrating research and development, production, and sales. It can produce various colors of PP spunbond non-woven fabrics with a width of less than 3.2 meters from 9 grams to 300 grams.
Post time: Nov-25-2024