Calendered Polylactic Acid Market Size, Share, Growth, and Industry Analysis, By Type (Purity Above 95% & Purity Above 98%), By Application (Biotech Companies, Research Institute, & Others) and Regional Forecast to 2032

calendered polylactic acid market REPORT OVERVIEW

The global Calendered Polylactic Acid Market Size was USD 376.33  million in 2024 and the market is projected to touch USD 484.47 million by 2032, exhibiting a CAGR of 4.30% during the forecast period.

Calendered polylactic acid is a category of polylactic acid film formed by using a calendaring method. It involves transitory material between rollers to achieve a smooth and uniform thickness. They are biodegradable polymers extricated from lactic acid. They have resistant properties against moisture, grease, and environmental friendliness. This type of film is generally utilized in packaging, labeling, medical applications, and other industries.

There are many chances for existing and new companies to expand their market due to the evolution of technologies. Many industries and advanced technologies are amplifying demand for the products which will increase market growth.

COVID-19 Impact: Market Growth Hampered by Pandemic due to Supply Chain Disruption

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic affected the overall market globally. COVID-19 pandemic forced lockdowns, travel limitations, and temporary stoppage of manufacturing function hindered the overall market. Due to the disrupted supply chains and halt in production components and systems held back the market growth. Nevertheless, the conditions started recovering post-pandemic thereby restoring the growth trajectory of the market steadily in the coming years.

LATEST TRENDS

"Intensifying Demand for Sustainable and Biodegradable Enhance Market Growth"

Market is witnessing going trends in the market which boost its expansion is increasing demand for sustainable and biodegradable packaging methods. Growing responsiveness about environmental concerns and rising adoption of PLA in various end-use industries such as food packaging, electronics, and textiles encouraging the market growth.

calendered polylactic acid market SEGMENTATION

By Type

Based on type the market can be categorized into Purity Above 95% & Purity Above 98%

• Purity Above 95%: Purity above 95% indicates that the PLA has undergone a refining process to remove impurities.
• Purity Above 98%: Purity above 98% signifies an even higher level of purity and quality in the final product.

By Application

Based on application the market can be categorized into Biotech Companies, Research Institute, & Others

• Biotech Companies: The biotech companies use these acids for the production of biodegradable packing materials and medical devices.
• Research Institute: Research institutes use this material for conducting studies on bioplastic and exploring new applications in various industries.
• Others: There are other industries that utilize these acids for manufacturing eco-friendly products such as automotive and consumer goods.

DRIVING FACTORS

"Changing Consumer Preference towards Eco-friendly Plastic Products Boost Market Growth"

It is one of the major attributes for the Calendered Polylactic Acid Market Growth due to changing consumer choice towards eco-friendly plastic products which enhances the market. Ecological awareness among consumers is progressively seeking sustainable alternatives to traditional plastics. The sustainable features such as biodegradability and decreased carbon footprint have amplified demand for PLA. The pressure on companies and industries for implementing sustainable practices is further enhancing market space. This swing in end-user preference inclined towards eco-friendly plastic has pushed the market advancement.

"Increasing Demand Green Plastics in Packaging Industry to Expand the Market"

Another factor which is impelling the market growth is the increasing demand for green plastics in the packaging industry. PLA bioplastics offer several features that help reduce plastic use and enhance use of green plastics. PLA has excellent barrier properties which made it suitable for fresh fruits and vegetable packaging. It has high stiffness and strength that allows for thin wall part design. Green packaging provides various benefits such as reduced dependability on fossil fuels, lower utilization of natural resources, amplified use of recyclable products, more energy-affect manufacturing methods, and renewable sources. Furthermore it is economically engaging to both manufacturers and consumers. Thus, the growing demand for sustainable packing is raising demand and enhances the market growth.

RESTRAINING FACTOR

"Higher prices of PLA than Conventional Plastics Impede Market Growth"

The higher process of PLA compared to conventional plastics act as a restraint in the market. The production of PLA involves complex manufacturing processes and the use of bio-based raw material, which increases its production costs. As a result PLA production is generally priced higher than their conventional plastic counterparts. This price discrepancy discourages price sensitive consumers and businesses from adopting PLA as a viable alternative. Moreover industries that rely on large-scale plastic usage may find it economically challenging to switch entirely to PLA.

calendered polylactic acid market REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific Dominates the Market owing to Robust Industries and Manufacturing Sectors"

The Asia Pacific region is dominating the Calendered Polylactic Acid Market Share due to the robust industrial and manufacturing sectors supported in market expansion. Countries such as China, Japan, and South Korea, increasing demand for PLA in various applications such as packaging, textiles and automotives are contributing significantly. The Asia Pacific has a large population and a rising middle class that leads to increased consumption of packaged goods and disposable products boosts demand for PLA-based packaging materials. Additionally, favorable government policies promoting eco-friendly materials and initiatives to reduce plastic waste have stimulated the adoption of PLA in the region contributing to its rapid growth in the market.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Calendered Polylactic Acid Landscape through Technological Advancement and Strategy Partnership"

Many prominent industry players are operating in this market focused using advanced technologies in the production process and the development of new applications to be in the competition. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• ASF SE (Germany)
• NatureWorks LLC (U.S.)
• Teijin Limited (Japan)
• Bayer MaterialScience (India)
• Zhejiang Hisun Biomaterials (China)
• Wilkinson Industries (U.S.)
• Wei Mon Industry (Taiwan)
• Shanghai Tong-jie-liang Biomateriois (China)
• Synbra Technology (Netherland)
• CSM Purac (Netherland)
• PHUSIS (U.S.)
• Ningxia Hypow Biotechnology (China)
• Musashino Chemical (China)
• Henan Jindan Lactic Acid Technology (China)
• Galactic SA (Belgium)
• Futerro (Belgium)
• DaniMer Scientific, LLC. (U.S.)

INDUSTRIAL DEVELOPMENT

April 2023: NatureWorks LLC and Jabil Inc. have partnered to provide a novel powder based Ingeo PLA. It is used for selective laser sintering 3D printing platforms. It is a cost-effective option, with lower sintering temperature, and 89% smaller carbon footprint, compared to the incumbent PA-12.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global calendered polylactic acid market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.