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.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
France PLA Market by Raw Material
- Corn-based PLA
- Sugar-based PLA
- Cassava-based PLA
- Others
France PLA Market 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
The Report covers:
- Comprehensive research methodology of the France PLA market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the France PLA market.
- Insights about market determinants which are stimulating the France PLA market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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