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Written by Beckett » Updated on: May 02nd, 2024
The latest report by IMARC, titled "Polylactic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of polylactic acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Polylactic Acid Prices December 2023:
Report Offering:
The study delves into the factors affecting polylactic acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/polylactic-acid-pricing-report/requestsample
Polylactic Acid Price Trend- Q4 2023
The polylactic acid (PLA) market was significantly influenced by various factors, driving supply and demand dynamics. In North America, Q4 2023 witnessed a notable impact on pricing due to several key elements. Firstly, a subdued market sentiment prevailed, primarily stemmed from weakened demand across downstream industries, significantly in packaging. This decline in demand had led to a surplus in inventory, exerted downward pressure on prices throughout the year. Secondly, the region experienced a moderate to high supply of PLA, with abundant inventories available in the market. Import levels from Asian countries, particularly Thailand and China, remained weak, further contributed to the surplus availability of the product. Lastly, a reported plant shutdown within North America has also influenced the market, although specific details are not available.
The global polylactic acid market size reached US$ 993.4 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 3530 Million, at a projected CAGR of 14.70% during 2023-2032. Moreover, in the APAC region, there was a notable surplus in PLA supply during Q4 2023, leading to a bearish market situation fueled by decreased overseas orders and freight rates. Despite this, initiatives supporting the ban on plastics and sustainable packaging materials had generated positive sentiments in downstream markets. The market situation in South Korea saw a depreciation, impacted PLA prices. Additionally, key players actions, economic recovery in China, and energy prices had also impacted PLA prices. The region has seen a decline in prices compared to the same quarter last year, although with some stabilization from the previous quarter.
Meanwhile, in Europe, PLA prices experienced a slight improvement in Q4 2023, with the market exhibiting optimistic tendencies supported by moderate supply levels. Despite expectations of decreased freight rates and sufficient domestic inventory potentially led to a price drop, factors like decreased overseas orders and increased upstream prices during the destocking season had introduced upward pressure on prices. Recent events related to water pollution caused by plastic packaging prompted the EU government to consider immediate action to ban food packaging materials, impacted market dynamics. Increased demand in the downstream packaging industry and an improved mindset among investors about sustainable packaging contributed to the upward force on PLA prices.
Browse Full Report: https://www.imarcgroup.com/polylactic-acid-pricing-report
Key Points Covered in the Polylactic Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
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Email: [email protected]
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