Extruded PLA Fiber Market - Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

15 %

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Market Overview

The global extruded PLA fiber market is expected to grow with a CAGR greater than 15% during the forecast period. One of the major factors driving the market is the growing demand from the Packaging Industry. However, the high prices in comparison to conventional Fibers are hindering the growth of the market studied.

Among the end-user industries, the packaging is likely to dominate the market studied during the forecast period.
Asia-Pacific accounts for the highest share of the market currently and is likely to continue dominating the market during the forecast period.

Scope of the report

The global extruded PLA fiber market report includes:

End-user Industry
		Packaging
		Transportation
		Biomedical
		Textiles
		Other End-user Industries

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	ASEAN Countries
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Key Market Trends

Packaging Industry to Dominate the Market

Currently, the packaging industry accounts for the highest market share in the global extruded PLA fiber market among the end-user industries.
The increasing demand for recyclable and eco-friendly products in packaging is a major driving factor for the growing demand for extruded PLA fiber in the packaging industry as it is made from natural sources of starch, like tapioca, sugarcane, cornstarch, etc.
The growing demand for packaging materials across the globe owing to the growing penetration of e-commerce and increasing disposable incomes is driving the packaging industry which in turn is driving the market studied.
Hence, owing to the above-mentioned reasons, the packaging industry is likely to dominate the market studied during the forecast period.

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Asia-Pacific to Dominate the Market

Asia-Pacific accounts for the major share of the global extruded PLA fiber market currently owing tot he high demand from countries like China, Japan, etc.
In China, there has been a significant increase in the demand for local consumption of extruded PLA fiber.
Additionally, the increasing demand for eco-friendly products in Asian countries is a major driving factor for the market studied.
However, the decline in automotive production is expected to have a negative effect on the demand for extruded PLA in the coming years.
Hence, owing to the above-mentioned factors, Asia-Pacific is likely to dominate the global extruded PLA fiber market during the forecast period.

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Competitive Landscape

The global extruded PLA fiber market is moderately consolidated as the majority of the market share is divided among few players. Some of the key players in the market include BASF SE, TORAY INDUSTRIES, INC, Danimer Scientific, Futerro, and KURARAY CO., LTD, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Growing Demand from Packaging Industry
  2. 4.1.2 Other Drivers
2. 4.2 Restraints
  1. 4.2.1 High Price in comparison to Conventional Fibers
  2. 4.2.2 Impact of COVID-19 Pandemic
3. 4.3 Industry Value-chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 End-user Industry
  1. 5.1.1 Packaging
  2. 5.1.2 Transportation
  3. 5.1.3 Biomedical
  4. 5.1.4 Textiles
  5. 5.1.5 Other End-user Industries
2. 5.2 Geography
  1. 5.2.1 Asia-Pacific
    1. 5.2.1.1 China
    2. 5.2.1.2 India
    3. 5.2.1.3 Japan
    4. 5.2.1.4 South Korea
    5. 5.2.1.5 ASEAN Countries
    6. 5.2.1.6 Rest of Asia-Pacific
  2. 5.2.2 North America
    1. 5.2.2.1 United States
    2. 5.2.2.2 Canada
    3. 5.2.2.3 Mexico
  3. 5.2.3 Europe
    1. 5.2.3.1 Germany
    2. 5.2.3.2 United Kingdom
    3. 5.2.3.3 Italy
    4. 5.2.3.4 France
    5. 5.2.3.5 Rest of Europe
  4. 5.2.4 South America
    1. 5.2.4.1 Brazil
    2. 5.2.4.2 Argentina
    3. 5.2.4.3 Rest of South America
  5. 5.2.5 Middle-East and Africa
    1. 5.2.5.1 Saudi Arabia
    2. 5.2.5.2 South Africa
    3. 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share/Ranking Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 BASF SE
  2. 6.4.2 NatureWorks LLC
  3. 6.4.3 Danimer Scientific
  4. 6.4.4 Futerro
  5. 6.4.5 KURARAY CO., LTD
  6. 6.4.6 TORAY INDUSTRIES, INC.
  7. 6.4.7 UNITIKA LTD.
  8. 6.4.8 MiniFIBERS, Inc.

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability