Polylactic Acid Market Size, Share, and Trends 2025 to 2034

Polylactic Acid Market Size and Forecast 2025 to 2034

The global polylactic acid market size was calculated at USD 968.74 million in 2024 and is predicted to increase from USD 1,121.69 million in 2025 to approximately USD 3,864.79 million by 2034, expanding at a CAGR of 14.73% from 2025 to 2034.

Polylactic Acid Market Key Takeaways

• North America led the global market with the highest market share of 38.94% in 2024.
• By Raw Material, the cornstarch segment has held the largest market share in 2024.
• By Application, the packaging segment captured the biggest revenue share of 37.14% in 2024.

U.S. Polylactic Acid Market Size and Growth 2025 to 2034

The U.S. polylactic acid market size was exhibited at USD 170.80 million in 2024 and is projected to be worth around USD 745.27 million by 2034, growing at a CAGR of 15.76% from 2025 to 2034.

North America is estimated to be the Largest Market for Polylactic Acid. Geographically, polylactic acid market is conquered by North America owing to favorable government mandates for the production of the polylactic acid, coupled with easy availability of the raw materials for production of polylactic acid in the countries of this region, especially in the United States.

Asia-Pacific is expected to register the fast growth rate, on account of increasing research and development investment by key market players and increasing awareness regarding use of bioplastics in the region. Also, government in the region are offering subsidiaries for the production of biodegradable products in order to reduce the environmental concerns which is another factor anticipated to propel growth of the target industry in the countries of Asia Pacific region.

Polylactic Acid Market Growth Factors

• Governments initiatives for the production and use of biodegradable products
• Increasing preferences for the bioplastic over conventional plastic
• Growing demand for the polylactic acid from cosmetic industry
• Easy availability of raw materials for the production of PLA
• Growing awareness among the consumers regarding green packaging and sustainability
• Capacity addition by the major players operating in the target industry

Market Scope

Raw Material Insights

The corn starch segment dominated the polylactic acid market with 64% market share in 2024. Corn starch-based polyactic acid meets regulatory requirements and certifications for biodegradability, compostability, and food contact safety, making it suitable for a wide range of applications including food packaging, disposable utensils, and food service products. Compliance with stringent environmental and safety standards further strengthens the market position of corn starch-based polylactic acid. Polylactic acid derived from corn starch exhibits favorable properties such as high transparency, good mechanical strength, and biodegradability, making it suitable for a wide range of applications including packaging, textiles, disposable tableware, and biomedical devices. Corn starch-based polylactic acid offers comparable or superior performance to petroleum-based plastics while offering the added benefits of biodegradability and environmental sustainability.

Application Insights

The packaging segment is projected to dominate the Application Segment of Polylactic Acid Market Revenue. The packaging application segment dominated the market with a share of 36.94% in 2024. The growth is attributed to the growing demand for packaging from food and beverage and cosmetic industries across the globe. These factors are primarily responsible for the greater market share of packaging in the application segment of the polylactic acid market. The textiles segment is observed to be the fastest growing segment during the forecast period. Polylactic acid fibers are biodegradable and compostable, offering an environmentally friendly solution for textile applications. As concerns about plastic pollution and waste disposal escalate, Polylactic acid textiles provide a sustainable alternative that can be recycled or composted at the end of their life cycle, reducing environmental impact and contributing to circular economy initiatives. Polylactic acid is a biodegradable and renewable polymer derived from natural resources such as corn starch or sugarcane. As consumers and industries increasingly prioritize sustainability and environmental responsibility, there is growing demand for eco-friendly alternatives to traditional petroleum-based plastics in the textile industry.

Polylactic Acid Market Revenue, By Application, 2022-2024 (USD Million)

Polylactic Acid Market Companies

• NatureWorks LLC
• Corbion Purac
• Chongqing bofei biochemical products co., ltd.
• Synbra
• Futerro
• Nantong Jiuding Biological Engineering Co. Ltd
• Hisun Biomaterials

In order to better recognize the current status of polylactic acid, and policies adopted by the foremost countries, Precedence Research predicted the future evolution of the polylactic acid market. This research study bids qualitative and quantitative insights on polylactic acid market and assessment of market size and growth trend for potential global market segments.

Key Market Developments:

• NatureWorks LLC, the leading player in the polylactic acid industry, has launched its new product ingeo 3D450, in 2019. This product introduced on account of dual extrusion 3D printers as well as for the printing purpose.
• Further, in 2016, USD 1 Million were invested by the NatureWorks LLC, for the comprehensive research and development on the bio plastics.
• Moreover the NatureWorks LLC, announced to that the company will start its polylactic acid manufacturing facility which is a USD 200 million plant either in the Malaysia or Thailand in recent period of time.

Segments Covered in the Report

By Raw Material

• Corn Starch
• Sugarcane & Sugar Beet
• Cassava
• Others

By Application

• Packaging
• Agriculture
• Transport
• Electronics
• Textiles
• Others

By Geography

• North America
  • • U.S.
    • Canada
• Europe
  • • Germany
    • France
    • United Kingdom
    • Rest of Europe
• Asia Pacific
• • • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
• Latin America
  • • Brazil
    • Rest of Latin America
• Middle East & Africa (MEA)
  • • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa