France Polylactic Acid (PLA) Market Trends, Size, Forecast - 2019-2025


Posted May 29, 2020 by pooja1919

France Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.8% during the forecast period.

 
France Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.8% during the forecast period. France is one of the most technologically advanced and modern countries globally. The GDP of the country in 2016 was $2.7 trillion with a growth rate of 1.2%. The country has widespread application base for PLA polymer. Due to stringent government policies to curb the pollution and pressure from international organizations for eco-friendly and decomposable products for packaging and other applications, demand for PLA polymers has increased substantially. France is trading with many other countries across the globe for PLA polymers as raw material and finished products. France imports PLA polymer from various countries including the Netherlands, Belgium, Germany, the US, UK, and others.

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PLA polymers are used in several industries including automobile, agriculture, electronics, packaging and others. The automotive industry is one of the significant application areas for PLA polymers in the form of the air filter and various other interior trim parts. The automobile market in France is showing a considerable growth rate in recent years. France vehicle market has recorded a growth rate of 2.0% in 2018. As per the International Organization of Motor Vehicle Manufacturers (OICA), nearly 2.3 million vehicle production reported in 2018. This, in turn, is contributing to the growth of the market in the country.

A full report of France Polylactic Acid (PLA) Market is available at: https://www.omrglobal.com/industry-reports/france-polylactic-acid-market

France 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

Corbion N.V.

DuPont de Nemours, Inc.

Merck KGaA

NatureWorks LLC

RTP Co.

Toray Industries, Inc.

Arkema S.A.

Evonik Industries AG

Carbios SA

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Last Updated May 29, 2020