In 2032 it is forecast that the market value of polylactic acid (PLA) will reach some 3.2 billion U.S. dollars. That is a steep rise from the 2022 market value of only one billion U.S. dollars, representing a compound annual growth rate of 11.9 percent.
Polylactic acid is a bioplastic used in industries such as textiles, packaging, and medical devices. It is the most widely used plastic filament material for 3D printing.
Market value of polylactic acid worldwide in 2022, with a forecast for 2032
(in million U.S. dollars)
* Forecast based on a CAGR of 11.9 percent from 2023 to 2030. This statistic has been assembled using several editions of the press release from the source.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Future Market Insights. (November 6, 2023). Market value of polylactic acid worldwide in 2022, with a forecast for 2032 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/964392/market-value-polylactic-acid-worldwide/
Future Market Insights. "Market value of polylactic acid worldwide in 2022, with a forecast for 2032 (in million U.S. dollars)." Chart. November 6, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/964392/market-value-polylactic-acid-worldwide/
Future Market Insights. (2023). Market value of polylactic acid worldwide in 2022, with a forecast for 2032 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/964392/market-value-polylactic-acid-worldwide/
Future Market Insights. "Market Value of Polylactic Acid Worldwide in 2022, with a Forecast for 2032 (in Million U.S. Dollars)." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/964392/market-value-polylactic-acid-worldwide/
Future Market Insights, Market value of polylactic acid worldwide in 2022, with a forecast for 2032 (in million U.S. dollars) Statista, https://www.statista.com/statistics/964392/market-value-polylactic-acid-worldwide/ (last visited December 21, 2024)
Market value of polylactic acid worldwide in 2022, with a forecast for 2032 (in million U.S. dollars) [Graph], Future Market Insights, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/964392/market-value-polylactic-acid-worldwide/
