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The global polylactic acid packaging market is expanding owing to a surge in the demand for sustainable and eco-friendly packaging materials. This type of packaging is gaining huge traction as it is developed from renewable resources and is also considered an environmentally responsible option. Furthermore, PLA packaging breaks down easily within twelve weeks, which makes it a more environmental-friendly choice than traditional plastic packaging, which could take centuries to break down, ultimately creating microplastic.
Rising Demand for Biodegradable Packaging Drives Market Growth
Polylactic acid packaging is an essential substitute for conventional plastic packaging. The biodegradability and composability features of PLA allow them to easily break down into natural components, decreasing environmental pollution as well as waste accumulation. PLA packaging is developed from renewable resources such as sugarcane, sugar beet, corn starch, and cassava instead of gases and oils.
The packaging products developed from PLA provide an environmentally friendly substitute to petroleum-based plastic materials such as PET. The rapidly growing demand for such biodegradable packaging solutions boosts the market growth.
High Upfront Costs and Environmental Concerns May Hinder Market Growth
PLA packaging is more expensive than conventional plastic packaging owing to the number of steps required in the manufacturing process. In addition, the material is brittle and tends to break easily rather than bend, as it cannot withstand impact loading. Moreover, growing crops and using fertilizer for PLA packaging can impact our land and waterways. The feedstock currently used to produce bioplastics relies upon a little bit more than 0.01% of the global agricultural area, which in turn, is creating environmental concerns amongst manufacturers and consumers. Such factors may hamper the market growth.
Increased Emphasis on Developing Innovative Solutions to Open Doors to New Opportunities
Manufacturers operating in the global market have increased their focus on the development of innovative packaging solutions. The rising initiatives by polylactic acid manufacturers to expand their production plants and introduce new technologies to the packaging industry offer profitable growth opportunities.
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The report covers the following key insights:
Based on product type, the market is divided into trays & containers, films, bags & pouches, cups, plates & bowls, clamshells, and others.
The trays and containers segment is the dominating segment. These PLA trays and containers are an effective packaging solution for salads, fresh produce, mueslis, or other cold foods. Polylactic acid trays and containers are commercially compostable and are a cost-effective, non-biodegradable plastic substitute. Moreover, as polylactic trays and container products do not have the same harmful chemical composition as compared to petroleum-based products, they are gaining huge traction in the food sectors, boosting segmental growth.
On the basis of application, the market is divided into food & beverages {commercial, institutional, and household}, personal care, and others.
The food & beverages segment is the first-dominating application segment. The segment is estimated to experience remarkable growth over the projection period. Polylactic acid has excellent barrier properties, making it suitable for the packaging of various ready-to-eat products and fresh produce. The material can withstand temperatures up to 110°C, boosting its usage in hot food packaging. Polylactic acid packaging also offers oxygen barrier properties that effectively preserve the freshness of food and prolong its shelf life.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific is the dominating region in the global market. Polylactic acid packaging is majorly utilized in the healthcare sector for the packaging of surgical instruments, medical devices, and disposable healthcare products in various countries of the Asia Pacific region. The rising utilization in the healthcare sector is encouraging market growth.
The North America polylactic acid packaging market is driven by the increasing usage of PLA packaging for a wide range of applications, including medical, consumer goods, and food packaging. A rise in awareness amongst consumers and manufacturers about the environmental impact of traditional plastic packaging will drive market growth in the near future.
Europe's polylactic acid packaging market is growing due to a surge in the demand for sustainable packaging solutions, the rise in restrictions on single-use plastic, and continuous technological advancements. The Latin America market will foresee remarkable growth due to the rising product deployment across the textile sector and the production of eco-friendly textile and clothing products.
The Middle East and Africa regions will foresee steady growth due to the growing awareness of the harmful effects of plastic packaging and the rise in utilization of PLA packaging in the food, medical, and healthcare sectors.
The global polylactic acid packaging market is fragmented, with the presence of a large number of group and standalone providers.
The report includes the profiles of the following key players:
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