The global polylactic acid market is projected to reach $5.4 Million by 2025, at a CAGR of 21.6% during 2020-2025. The growth of polylactic acid market is driven by increasing government regulation, environment friendly and better mechanical properties as compared to other biopolymers.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the polylactic acid market by product
type (PLLA, PDLA, and PDLLA), end use (packaging, bio-medical, textile,
agriculture, electronics, and others), raw material (corn starch, sugarcane
& sugar beet, cassava, and others), product form (film & sheet, fiber,
thermoforming, coating, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the polylactic acid market?
Q.4 What are some
changing demands of customers in the polylactic acid market?
Q.5 What are the new
developments in the polylactic acid market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this polylactic acid area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this polylactic acid market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include development of
high heat resistant polylactic acid and production of PLA from second
generation feedstock.
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Market Segmentation:
Based on product type,
the polylactic acid market is segmented into PLLA, PDLA, and PDLLA. The PLLA segment
accounted for the largest share of the market in 2020 and food waste is
expected to register the highest CAGR during the forecast period due to its
increasing usage in packaging, biomedical, textile, and agriculture industry.
Europe is expected to be
the largest region with the highest growth over the forecast period supported
by stringent government regulations, biodegradable, and mechanical properties.
Key Players in the polylactic
acid market are Natureworks, Total Corbion, Pyramid Bioplastic, Weforyou, and
Zhejiang Hisun.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/polylactic-acid-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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