Polylactic acid (PLA), or lactic acid polymer, with the chemical formula (C3H4O2)n, is a biodegradable and recyclable polyester produced from renewable feedstock. It is acquired from synthesizing lactic acid, which can be made from renewable resources, including starch, sugar, corn, and other biomass. It is commonly available in several forms, such as fiber, films, coatings, and sheets, and has excellent mechanical and optical properties. It also offers exceptional resistance to light, heat, and moisture and is widely utilized across the food industry as a preferred packaging material. Besides this, PLA finds extensive applications across the medical, agriculture, automotive, transport, and textile industries due to its biodegradability and excellent mechanical strength.
The market is primarily driven by the increasing demand for biocompatible food packaging solutions across the globe. This can be attributed to the rising usage of PLA in the formulation of disposable cutlery and food containers that are microwaveable in nature. In addition, the rising adoption of flexible packaging due to its preferable properties, such as improved aesthetic appeal and resistance to grease and oil, represents another major growth-inducing factor. Moreover, the increasing consumption of snacks, ready-to-eat meals, and packaged foods is also contributing to market growth. Besides this, the extensive utilization of PLA to manufacture various textiles with improved durability and breathability is augmenting the market growth. Along with this, governments of numerous countries are introducing various initiatives to encourage the use of bioplastic packaging, including rigid and loose-fill packaging, to reduce greenhouse gas (GHG) emissions which is also propelling the market growth. Furthermore, key market players are investing in advanced technologies for using microorganisms to convert greenhouse gases into lactic acid for PLA production, which is positively influencing the market growth. Other factors, including the increasing research and development (R&D) activities, and mergers and acquisitions (M&A) amongst key players, are also creating a positive market outlook.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the polylactic acid manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the polylactic acid industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the polylactic acid industry.
The following technical and economic aspects are included in the report:
Key Questions Answered in This Report-
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Polylactic Acid Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Polylactic Acid Price Trends
4.7.2 Product Margins
5 Polylactic Acid Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Polylactic Acid Market: Major Drivers and Challenges
Figure 2: Global: Polylactic Acid Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Polylactic Acid Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Polylactic Acid Market: Breakup by Segment (in %), 2022
Figure 5: Global: Polylactic Acid Market: Breakup by Region (in %), 2022
Figure 6: Polylactic Acid: Price Trends, 2017 & 2022
Figure 7: Polylactic Acid: Margins Across Various Stages of the Supply Chain
Figure 8: Polylactic Acid: Breakup of Costs
Figure 9: Polylactic Acid Price Structure
Figure 10: Polylactic Acid: Manufacturing Process Flow
Figure 11: Polylactic Acid: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Polylactic Acid: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Polylactic Acid Manufacturing: Raw Material Requirements
Table 2: Polylactic Acid Manufacturing: Raw Material Costs
Table 3: Polylactic Acid Manufacturing: Electricity Costs
Table 4: Polylactic Acid Manufacturing: Steam Costs
Table 5: Polylactic Acid Manufacturing: Process Water Costs
Table 6: Polylactic Acid Manufacturing: Total Utility Costs
Table 7: Polylactic Acid Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Polylactic Acid Manufacturing: Packaging Costs
Table 9: Polylactic Acid Manufacturing: Transportation Costs
Table 10: Polylactic Acid Manufacturing: Sales and Administration Costs
Table 11: Polylactic Acid Manufacturing: Total Operating Costs
Table 12: Polylactic Acid Manufacturing: Costs Related to Land and Site Development
Table 13: Polylactic Acid Manufacturing: Costs Related to Civil Works
Table 14: Polylactic Acid Manufacturing: Costs Related to Plant Machinery
Table 15: Polylactic Acid Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Polylactic Acid Manufacturing: Costs Related to Electrical works and Piping
Table 17: Polylactic Acid Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Polylactic Acid Manufacturing: Working Capital Requirements
Table 19: Polylactic Acid Manufacturing: Total Capital Investment Required
Table 20: Polylactic Acid Manufacturing: Total Production Cost
Table 21: Polylactic Acid Manufacturing: Raw Material Suppliers
Table 22: Polylactic Acid Manufacturing: Machinery Suppliers
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