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Extruded PLA Fiber Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Extruded PLA Fiber market is segmented by End-user Industry (Packaging, Transportation, Biomedical, Textiles, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

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Market Snapshot

Extruded PLA Fiber Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
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.

Extruded PLA Fiber Market - Segmentation Trends

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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.
Extruded PLA Fiber Market - Regional Trend

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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.

Extruded PLA Fiber - Market Concentration.png

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 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. 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. 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.

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Extruded PLA Fiber Market market is studied from 2016 - 2026.

The Extruded PLA Fiber Market is growing at a CAGR of >15% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, TORAY INDUSTRIES, INC, NatureWorks LLC, Danimer Scientific, KURARAY CO., LTD are the major companies operating in Extruded PLA Fiber Market.

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