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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The companies in the market include BASF SE, Corbion N.V., Carbios SA, NatureWorks LLC, and DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in January 2020, Carbios SA declared partnership agreement with Novozymes, biological solutions company. This agreement aims to produce Carbios’ proprietary PET-degrading enzymes at both a demonstration level and an industrial scale.
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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
