Germany polylactic acid (PLA) Market is expected to grow at a CAGR of around 18.0% during the forecast period. Germany is one of the major importing and exporting hubs of the bioplastics in the region. Germany is consuming bioplastics in various industries which includes packaging, construction, automotive, textiles, electronic and others. Therefore, with the growth in these industries, demand for bioplastics including PLA is estimated to increase during the forecast period. The German economy has a significant share of the automotive sector with approximately 15-20% of the total economy. The country is known for its quality automobile products and brands.
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The major automobile manufacturer which are headquartered in Germany is Audi, BMW, MAN, Daimler AG, Opel, Porsche, and Volkswagen. Along with OEM, the country has well-renowned supplier base which supplies its products all across the globe. Some major auto-ancillary companies having headquarter in Germany include Bosch, Continental, ZF TRW, Mahle GmbH, Thyssen Krupp and so on. Automobile industry growth is significant in Germany owing to the presence of key players in the industry. Moreover, the demand for bioplastics has increased considerably owing to favourable regulations regarding eco-friendly products in the country.
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Germany PLA Market Segmentation
By Raw Material
Corn-based PLA
Sugar-based PLA
Cassava-based PLA
Others
By Application
Packaging
Construction Material
Catering and Tableware
Agricultural Material
Consumer Goods
Electronic Material
Automobile
Others
Company Profiles
BASF SE
DuPont de Nemours, Inc.
Evonik Industries AG
Merck KGaA
Mitsubishi Gas Chemical Co., Inc.
NatureWorks LLC
Sulzer Ltd.
ThyssenKrupp AG
Toray Industries, Inc.
weforyou GmbH
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