The Global Lactic Acid & Poly Lactic Acid (PLA) Market was valued at US$ 1382.7 Million in 2023 and is projected to reach US$ 1809.4 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period (2024–2030). This robust growth is fueled by escalating demand for sustainable packaging, stringent regulations against single-use plastics, and widespread adoption across food & beverage, biomedical, and textile industries.

As the global economy pivots toward circular, bio-based materials, the spotlight intensifies on the key producers and innovators driving the development and commercialization of lactic acid and its most prominent derivative, PLA. This blog profiles the Top 10 Companies in the Lactic Acid & Poly Lactic Acid (PLA) Industry—a dynamic mix of biotechnology pioneers, chemical giants, and specialty manufacturers shaping the future of bioplastics.

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🔟 1. NatureWorks LLC

Headquarters: Minnetonka, Minnesota, USA
Key Offering: Ingeo™ brand PLA biopolymers

NatureWorks is a world-leading biopolymers supplier and the first company to commercially manufacture PLA polymers on a global scale. Its Ingeo™ portfolio includes a wide range of biopolymers derived from renewable plant sugars for applications in packaging, fibers, and durable goods.

Sustainability Initiatives:

• Global production capacity of 150,000 tonnes per annum

• Pioneer in developing certified compostable and bio-based materials

• Committed to achieving net-zero carbon emissions by 2035

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9️⃣ 2. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Purasorb® PLA, Luminy® PLA resins

Corbion is a global market leader in lactic acid, its derivatives, and PLA. With a strong focus on high-performance bioplastics, Corbion supplies materials for rigid and flexible packaging, electronics, and biomedical applications like absorbable medical devices.

Sustainability Initiatives:

• Operates one of the world’s largest lactic acid production facilities in Thailand

• Strategic alliance with TotalEnergies Corbion PLA BV to expand global PLA reach

• Focus on creating circular economy solutions for plastics

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: ecovio® certified compostable bioplastics

BASF, a chemical industry titan, offers ecovio®, a high-quality, certified compostable bioplastic that often incorporates PLA. It is designed for organic waste bags, compostable packaging films, and agricultural mulch films, promoting a circular economy.

Sustainability Initiatives:

• Investment in R&D for advanced bio-based and biodegradable polymers

• Part of global initiatives to establish efficient composting infrastructures

• Targets climate-neutral growth until 2030

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7️⃣ 4. TotalEnergies Corbion PLA

Headquarters: Gorinchem, Netherlands
Key Offering: Luminy® PLA portfolio

A joint venture between TotalEnergies and Corbion, this company is dedicated solely to the production and marketing of PLA bioplastics. Its Luminy® PLA resins are known for their high performance and are used in demanding applications from tea bags to 3D printing filaments.

Sustainability Initiatives:

• World-scale PLA production plant in Thailand with 75,000-tonne annual capacity

• Focus on developing high-heat and high-impact resistant PLA grades

• Driving market adoption through extensive application development

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6️⃣ 5. Danimer Scientific, Inc.

Headquarters: Bainbridge, Georgia, USA
Key Offering: Nodax® PHA, PLA blends

Danimer Scientific is a leading developer and manufacturer of biodegradable materials, including PLA and Polyhydroxyalkanoate (PHA) polymers. The company’s technology is used to create plastic alternatives that biodegrade in a wide range of environments.

Sustainability Initiatives:

• Scalable PHA and PLA production capabilities to support large consumer brands

• Partnerships with major companies like PepsiCo for biodegradable packaging solutions

• Focus on creating truly marine-degradable bioplastics

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5️⃣ 6. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Biofront® high-performance bioplastic

Teijin Limited is a diversified technology company that produces Biofront®, a high-performance bioplastic based on PLA. Biofront® exhibits heat resistance and durability comparable to petroleum-based plastics, making it suitable for automotive and electronics applications.

Sustainability Initiatives:

• Pioneering the development of heat-resistant PLA (melting point over 210°C)

• Active in chemical recycling technologies for PLA materials

• Commitment to sustainability through its “T-value” management philosophy

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4️⃣ 7. Synbra Technology B.V.

Headquarters: Etten-Leur, Netherlands
Key Offering: BioFoam® expandable PLA (EPLA)

Synbra Technology is an innovator in sustainable foam solutions, producing BioFoam®, the world’s first expandable PLA (EPLA). This material is used to create 100% bio-based and compostable foam products for packaging and insulation.

Sustainability Initiatives:

• World’s first industrial-scale production plant for EPLA

• Product is certified compostable (EN13432) and bio-based

• Provides a sustainable alternative to expanded polystyrene (EPS)

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3️⃣ 8. Galactic S.A.

Headquarters: Brussels, Belgium
Key Offering: High-purity lactic acid and derivatives

Galactic is a leading producer of lactic acid and its derivatives for the food, pharmaceutical, and bioplastics industries. It supplies high-quality lactic acid, a fundamental building block for PLA production, to various manufacturers globally.

Sustainability Initiatives:

• Focus on green chemistry and sustainable sourcing of raw materials

• Production processes optimized for minimal environmental impact

• Development of new lactic acid applications in green solvents and polymers

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2️⃣ 9. Henan Jindan Lactic Acid Technology Co., Ltd.

Headquarters: Xinyang, Henan, China
Key Offering: Lactic acid, Lactide, PLA

Henan Jindan is one of China’s largest and most technologically advanced producers of lactic acid and its downstream products. The company plays a crucial role in supplying the Asian market and has significant production capacity for PLA precursors.

Sustainability Initiatives:

• Major producer focusing on cost-effective and scalable lactic acid production

• Investment in R&D for improved fermentation technologies

• Key player in the Chinese bioplastics supply chain

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Lactic Acid & Poly Lactic Acid (PLA) Market – View in Detailed Research Report

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1️⃣ 10. Wei Mon Industry Co., Ltd

Headquarters: Taichung, Taiwan
Key Offering: Lactic acid esters, PLA compounds

Wei Mon Industry is a specialized manufacturer of lactic acid derivatives, including various esters used as green solvents and intermediates. The company also engages in the compounding of PLA to create customized material solutions for specific applications.

Sustainability Initiatives:

• Specialization in high-value lactic acid derivatives for niche markets

• Development of PLA blends with enhanced properties for specific industrial uses

• Focus on the Asia-Pacific region’s growing demand for bio-based chemicals

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🌍 Outlook: The Future of Lactic Acid & PLA is Innovation and Circularity

The lactic acid and PLA market is at the forefront of the bio-economy transformation. While traditional plastics face increasing regulatory and consumer pressure, the industry is channeling significant investment into advanced biopolymer technologies, recycling infrastructure, and novel applications that extend beyond packaging.

📈 Key Trends Shaping the Market:

• R&D into high-performance PLA grades with enhanced thermal and mechanical properties

• Development of chemical recycling (depolymerization) technologies for PLA

• Growing adoption in durable applications like automotive interiors, textiles, and 3D printing

• Strategic partnerships between brand owners and biopolymer producers to create closed-loop systems

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Lactic Acid & Poly Lactic Acid (PLA) Market – View in Detailed Research Report

The companies profiled above are not just producing chemicals—they are engineering the building blocks for a sustainable, circular future.