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What is the market prospect of polylactic acid fiber
source：www.kingcharmgroup.com | Release time：2025-10-271. Market size continues to grow: Data shows that the market size of China's polylactic acid fiber industry in 2024 is about 4.511 billion yuan, a year-on-year increase of 3.9%. In the future, the market for polylactic acid fibers in China will continue to maintain strong growth momentum, and it is expected that the industry market size will reach 6.979 billion yuan by 2030.
2. Strong policy support: The "Opinions on Further Strengthening Plastic Pollution Control" jointly issued by the National Development and Reform Commission and the Ministry of Ecology and Environment in 2023 clearly requires that the substitution rate of biodegradable materials should reach 30% by 2025. This hard target directly promotes the explosive growth of the application demand of polylactic acid fibers in packaging, textile, medical and other fields. In addition, the development plan for biobased materials during the 14th Five Year Plan period and the deepening of the "dual carbon" target have also provided strong policy support for the development of the polylactic acid fiber industry.
3. Continuously expanding application areas: In the textile industry, polylactic acid fibers have good moisture wicking and quick drying effects, wrinkle resistance, etc., making them very suitable for developing sportswear, outerwear, etc. With the increasing demand for environmentally friendly clothing, their market share is expected to further expand. In the medical field, the biocompatibility of polylactic acid fibers makes them an ideal choice for absorbable sutures, orthopedic fixation materials, etc. By 2024, the market size of medical polylactic acid products will reach 2.8 billion yuan, accounting for 35% of the global market share. In the packaging field, biodegradable packaging materials made from polylactic acid fibers are gradually replacing traditional plastic packaging. Companies such as Meituan and SF Express are expanding their presence in biodegradable packaging materials, driving the annual growth rate of the polylactic acid film market to 45%.
4. Environmental demand drives market growth: With the continuous improvement of consumer environmental awareness, the demand for biodegradable and environmentally friendly materials is increasing. Polylactic acid fiber is made from renewable plant starch as raw material, which is completely biodegradable and meets the environmental protection needs of consumers. Therefore, it has strong competitiveness in the market.
5. Technological progress reduces production costs: With the continuous improvement of production processes, such as the commercialization of fourth generation biorefinery technology, the production costs of polylactic acid fibers are expected to be further reduced. In 2024, the ton price of polylactic acid fiber decreased by 28% compared to 2020, and the capacity utilization rate increased from 62% to 85%, leading to the emergence of economies of scale. The reduction of costs will help to promote the wider application of polylactic acid fibers in various fields, further driving market growth.
6. There are great opportunities for international market expansion: According to data from the General Administration of Customs of China, the export volume of polylactic acid fiber will increase by 82% year-on-year in 2024, with the EU market share accounting for 47%, mainly benefiting from tariff preferences for biobased materials under the Carbon Border Adjustment Mechanism (CBAM). In addition, the revised draft of the EU Reach regulation intends to include PLA fiber in the exemption list, which will create new opportunities for the export market of polylactic acid fiber.
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