Extruded PLA Fiber Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 15.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Extruded PLA Fiber Market Analysis
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.
Extruded PLA Fiber Market Trends
This section covers the major market trends shaping the Extruded PLA Fiber Market according to our research experts:
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.
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.
Extruded PLA Fiber Industry Overview
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.
Extruded PLA Fiber Market Leaders
BASF SE
TORAY INDUSTRIES, INC
NatureWorks LLC
Danimer Scientific
KURARAY CO., LTD
*Disclaimer: Major Players sorted in no particular order
Extruded PLA Fiber Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from Packaging Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 High Price in comparison to Conventional Fibers
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4.2.2 Impact of COVID-19 Pandemic
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 End-user Industry
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5.1.1 Packaging
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5.1.2 Transportation
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5.1.3 Biomedical
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5.1.4 Textiles
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5.1.5 Other End-user Industries
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 ASEAN Countries
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5.2.1.6 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 Italy
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5.2.3.4 France
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East and Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 NatureWorks LLC
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6.4.3 Danimer Scientific
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6.4.4 Futerro
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6.4.5 KURARAY CO., LTD
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6.4.6 TORAY INDUSTRIES, INC.
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6.4.7 UNITIKA LTD.
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6.4.8 MiniFIBERS, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Extruded PLA Fiber Industry Segmentation
The global extruded PLA fiber market report includes:
| End-user Industry | |
| Packaging | |
| Transportation | |
| Biomedical | |
| Textiles | |
| Other End-user Industries |
| Geography | ||||||||
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Extruded PLA Fiber Market Research FAQs
What is the current Extruded PLA Fiber Market size?
The Extruded PLA Fiber Market is projected to register a CAGR of greater than 15% during the forecast period (2024-2029)
Who are the key players in Extruded PLA Fiber Market?
BASF SE, TORAY INDUSTRIES, INC, NatureWorks LLC, Danimer Scientific and KURARAY CO., LTD are the major companies operating in the Extruded PLA Fiber Market.
Which is the fastest growing region in Extruded PLA Fiber Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Extruded PLA Fiber Market?
In 2024, the Asia Pacific accounts for the largest market share in Extruded PLA Fiber Market.
What years does this Extruded PLA Fiber Market cover?
The report covers the Extruded PLA Fiber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Extruded PLA Fiber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Extruded PLA Fiber Industry Report
Statistics for the 2024 Extruded PLA Fiber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Extruded PLA Fiber analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
