Occams Business Research & Consultancy · Global Polylactic Acid Market Analysis - Forecast 2014-2020 - 4-TABLE OF CONTENTS Global Polylactic Acid Market Applications (Packaging,

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GLOBALPOLYLACTIC ACID

MARKET FORECAST 2014-2020

Global Polylactic Acid Market Analysis - Forecast 2014-2020

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Research Methodology

The global market for Global Energy Polylactic Acid Market was estimated and forecasted

using:

Top down approach for estimating and forecasting geography

Bottom up approach for estimating and forecasting products

Data sources considered to estimate the market include:

Company websites, annual reports, and investor presentations

Internal and external proprietary databases and other regulatory databases

Government documents, statistical databases and market reports

News articles, press releases and web-casts specific to the market under study

Market forecast was calculated through proprietary software that analyzes various

qualitative and quantitative factors. Growth rate and CAGR were estimated through

intensive secondary and primary research. Data triangulation across various data points

provides accuracy across various analyzed market segments in the report. Critical data was

obtained through various reliable sources such as global and local bodies. Various economic

indicators were also considered to estimate market size.


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TABLE OF CONTENTS

Global Polylactic Acid Market Applications (Packaging, Agriculture, Automobile,

Construction, Electronics)-Products, Biodegradable Polymers, PLA Compostable, Global

Industry Size, Growth, Trends, Strategy Forecast, 2014-2020

1. Executive Summary

1.1. What Is Polylactic Acid (PLA)?

1.2. Value Chain Analysis Of The PLA Market

1.2.1. Raw Material Producers

1.2.2. Raw Material Suppliers

1.2.3. Manufacturers

1.2.4. Distributors

1.2.5. Plastic Converters (Consumers)

1.3. Key Buying Criteria

2. Key Motivators Of PLA Market

2.1. Favorable Government Policies Are Driving The Market

2.2. Renewable Raw Materials And Availability Of Raw Materials

2.3. Rising Petroleum Prices Driving PLA Raw Materials

2.4. New Technology Enabled PLA Competes With Traditional Polymers

2.5. End Of Life Applications

2.5.1. Composting

2.5.2. Feedstock Recycling

2.5.3. Recycling

2.5.4. Near-Infrared (Nir)

2.5.5. Black Light Illumination

2.5.6. Incineration

2.5.7. Landfill

3. Key Factors Restricting The Growth Of PLA Market

3.1. Using Edible Raw Material Remains A Social Issue

3.2. PLA Is Only Compostable In Industrial Composting Facilities

3.2.1. Feedstock Being Used For Other Applications

3.3. Competitive Market

3.3.1. Big Companies Are Quitting PLA Market

4. Key Challenges For PLA Market

4.1. Low Awareness In Developing Countries

4.2. Difficult To Identify PLA Products In Waste Streams

4.3. Cost Reduction Of PLA Is A Big Challenge

4.4. Thermal And Mechanical Properties Of PLA Are A Challenge


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4.5. Opportunity Of New Business Line For Existing Companies

5. Applications Of PLA

5.1. PLA Has Wide Range Of Applications

5.1.1. Packaging

5.1.2. Catering

5.1.3. Agriculture

5.1.4. Technical Materials

5.1.5. Consumer Goods

5.1.6. Construction Material

5.1.7. Others

6. Raw Material Analysis

6.1. Segmentation Based On Raw Materials

7. BioPLAstics: Sector Analysis

7.1.1. Bio-Pet

7.1.2. Bio-PE

7.1.3. Pha

7.1.4. Regenerated Cellulose

8. Market Share

8.1. Company Analysis

8.1.1. Natureworks Llc

8.1.2. Mitsubishi Chemicals

8.1.3. Zhejiang Hisun Biomaterials Co. Ltd.

8.1.4. Futerro

8.1.5. Synbra

8.1.6. Teijin

9. Geography Analysis

9.1. Geography Analysis

9.2. North America

9.2.1. United States Of America

9.2.2. Raw Materials

9.2.3. Infrastructure Capabilities

9.2.4. Restraints

9.2.4.1. Cost Structure And Competitive Environment

9.2.4.2. Well established Resin Industry Is Driving PLA

9.2.4.3. Challenge

9.3. Canada

9.3.1. Government Policies For Bioplastics

9.3.2. Agriculture

9.3.3. Restraints

9.3.3.1. Established Market For Conventional Plastics

9.3.3.2. Infrastructure Requirement

9.3.3.3. Opportunities

9.4. Europe


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9.4.1.1. Government Policies

9.4.1.2. Price Of Raw Material Is A Key Restraint For European Bioplastics

9.4.2. Challenges

9.4.2.1. Alternative Raw Material Will Reduce The Cost Of Production

9.5. APAC

9.5.1. China

9.5.1.1. Key Motivators

9.5.1.2. Restraint Of PLA Market

9.5.2. India

9.5.3. Japan

9.5.3.1. Electronics

9.5.3.2. Key Restraints Of PLA Market

9.5.4. Korea

9.5.4.1. Drivers

9.5.4.2. Infrastructure Development

9.6. RoW

9.6.1. Brazil

10. Market Strategies

10.1. PLA Is Marketed As Eco-Friendly Product

10.2. Innovative New Products And Process Making PLA Even Better And Stronger

10.3. Asia Pacific: New Destination For Bioplastic Industry

10.4. Brazilian Sugarcane Is Attracting Bioplastic Companies

10.4.1. Large Consumer Group In Europe Driving Bioplastic Market

10.5. Companies Are Developing New Products By Collaborating On R&D

10.6. Joint Ventures And Collaborations Leading The Market

10.7. Product Launches

10.8. Strategic Recommendation

10.8.1. New Market Expansion

10.8.2. 3d Printing Market Is Emerging Market With Great Potential

Chap 11. Corporate Profiles

1. Natureworks Llc

2. BASF

3. Zhejiang Hisun Biomaterials Co., Ltd.

4. Futerro

5. Synbra

6. Teijin

7. Henan Jindan Lactic Acid Company Limited

8. Danimer Scientific

9. Musashino Chemical (China) Co., Ltd

10. Ningxia Hypow Bio-Technology Co., Ltd.

11. Dow Chemicals

12. Thyssenkrupp

13. Solegear


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14. Bioapply Polymer

15. Sulzer

16. Xiaogan Kaifeng Bioengineering Co

17. Finasucre

18. Yun Chi PLAstics Fabrication Co. Ltd

19. PLA Fibers

20. Braskem

21. CerePLAst

22. Fkur Kunststoff Gmbh

23. Green Dot Holdings Llc

24. Innovia Films

25. Biosphere PLAstic

26. Biobent Polymers

27. Showa Denko

List of Tables

Table 1 Btu Value Of Different Fuel

Table 2 PLA Market By Product

Table 3 PLA Packaging Market, By Geography

Table 4 Plastics Comparison Chart

Table 5 PLA Catering Market, By Geography

Table 6 PLA Agriculture Market, By Geography

Table 7 PLA Technical Material Market, By Geography

Table 8 PLA Consumer Goods Market, By Geography

Table 9 PLA Construction Material Market, By Geography

Table 10 Production Of Raw Materials

Table 11 Comparative Price Of Raw Material For 1kg PLA Production

Table 12 By Products And Food Waste Used For PLA Production

Table 13 Production Capacity Of Key Players

Table 14 Key Motivators And Restraint Of Different Geography

List of figures

Figure 1 Value Chain Analysis

Figure 2 Sugarcane And Corn Production (In Million Tons)

Figure 3 Sugarcane Production — 2012

Figure 4 Corn Production — 2012

Figure 5 Cumulative Change In Price Of Corn, Sugar And Crude Oil

Figure 6 Key Motivator Of PLA Market

Figure 7 % Of Total Land Area As Agriculture Land

Figure 8 World Population

Figure 9 World Land Area For Different Application


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Figure 10 Comparative Land Uses (Bn Ha)

Figure 11 Biofuel Production

Figure 12 Different BioPlastic Made From Renewable Feedstock (2012)

Figure 13 Growth Of PLA Applications

Figure 14 PLA Application — 2013

Figure 15 PLA Application — 2020

Figure 16 Global Packaging By Type — 2012

Figure 17 Plastic Production By Region

Figure 18 Global Packaging By Region

Figure 19 PLA Packaging

Figure 20 Bioplastic Production Capacity By Material Type

Figure 21 Market Share — 2013

Figure 22 PLA Market By Geography — 2013

Figure 23 PLA Market By Geography

Figure 24 Corn Production In USA In Million Tons

Figure 25 Corn And Wheat Production In Million Tons

Figure 26 Wheat Production In Million Tons

Figure 27 Global Packaging By Region

Figure 28 Food Per Capita Net Production Index By Region (Base 2004-2006)

Figure 29 Price Of Corn In China And USA ($USD) (Average Price)

Figure 30 Production In Million Ton


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Polylactic Acid (PLA) is a Biodegradable material with rigidity and clarity similar to polystyrene (PS) or poly ethylene terephthalate (PET). Polylactic Acid is one of the best products in emerging Bioplastic market because of its availability and cost structure. Natural polymers, biopolymers, and synthetic polymers derived from renewable resources are the basis for the twenty-first century portfolio of sustainable, eco-efficient plastics these materials will replace the petroleum based polymer which are used for similar purpose. PLA mainly produced from renewable source like starch cellulose and carbohydrate which can easily obtain from different crop and vegetable. At large scale production, corn and sugarcane are used to synthesize the PLA. PLA is a Plastic of new generation which has many applications like Packaging, construction, Automotive Industry, Toys manufacturing, Medical implants Etc. PLA APPLICATION MARKET— 2013

Source: OBRC Analysis; European Bioplastics Association One of the main reasons of the sharp growth in the polylactic acid market is environmental awareness in people and governments. Governments of different countries have banned plastic bags in their regions. Many government have imposed restriction on free distribution of disposable carry bags and Government have also increased tax on these products. Governments have different policies for different regions and these can have a great impact on the usage pattern of the consumers, For instance, in Brazil, “Saco é um Saco” (‘Bag is bag”) is a campaign spearheaded by the Brazilian Ministry of Environment to decrease the consumption and disposal of plastic bags in the country. Aim of this campaign is to educate consumers about the environmental impacts caused by overuse and improper disposal of plastic bags. In the world, between 500 billion and 1 trillion plastic bags distributed annually. A plastic bag may seem harmless, but the collective environmental impact of those billions of little bags is huge. According to Brazilian Association of Supermarkets (Abras), 12billion plastic bags are consumed annually in the country. Brazilian Association of Supermarkets (Abras) and Brazilian Ministry of Environment planning to launch second phase of this campaign in year 2014.The new campaign will draw attention to the shared responsibility envisaged in the National Policy on Solid Waste (PNRS). Most of the PLA is being used as packaging materials. Manufacturing of packaging materials such as carry bags and bottles consume nearly half of total PLA produced. Producers such as

46%

25%

5%

12%

9%

1%2%

Packaging(Incl. Bottles) Catering

Agriculture Technical Materials

Consumer Goods Construction

Others


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Carbion-PURAC, Natureworks, Tenjin and other companies have developed PLA which can withstand temperatures of 180°C and more. Increased heat resistance capacities of PLA make it suitable for Packaging and other application where higher temperature is required. This heat resistant bioplastic is ideal for catering business and serving of hot beverage. Catering industry consumes around one-fourth of the PLA produced. Lightweight PLA is preferred to make disposable tableware and other food packaging material. Bioplastics do not contain toxic compounds therefore Bioplastics are preferred in catering. Biodegradability of PLA driving its agricultural application, mulch film made from PLA is biodegradable which does not affect the fertility of soil. Technical applications include electronic appliances and automotive parts and PLA is used in manufacturing of technical materials. PLA is similar to plastics therefore many consumer goods can be made from PLA such as non-woven clothing materials, Diapers, Toys etc. Medical implants and 3D printing materials are also made from PLA. PLA is relatively new and emerging market. Developed countries are major market for PLA, USA and European Region are largest market for PLA however developing Asian countries such as China and Thailand are also becoming great destination for the market. Raw material availability, infrastructure development, Government policies and awareness are major drivers for PLA Market in different geographies.

SAMPLE TABLES

PLA MARKET BY PRODUCT (MILLION $ )

PLA Product Market

2013 2014 2015 2016 2017 2018 2019 2020 CAGR% (2014-2020)

Packaging

Catering

Technical

Material

Agriculture

Consumer

Goods

Construction

Materials

Others

Total


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PLA PACKAGING MARKET BY GEOGRAPHY

Region 2013 2014 2015 2016 2017 2018 2019 2020 CAGR%

(2014-2020)

North America

Asia

Europe

ROW

Total

Source: OBRC Analysis

PLA CATERING MARKET BY GEOGRAPHY (IN MILLON $)

Region 2013 2014 2015 2016 2017 2018 2019 2020 CAGR%

(2014-2020)

North America

Europe

Asia

ROW

Total

Source: OBRC Analysis


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Occams Business Research & Consultancy · Global Polylactic Acid Market Analysis - Forecast 2014-2020 - 4-TABLE OF CONTENTS Global Polylactic Acid Market Applications (Packaging,