According to the recent study the global Polylactic Acid Market is projected to reach an estimated $9 billion by 2030 from $3 billion in 2023 at a CAGR of 17% from 2023 to 2030. The major drivers for this market are increasing government regulation and environment friendly and better mechanical properties as compared to other biopolymers.
Browse 107 figures/charts
and 68 tables in this 242-page report to understand trends, opportunities and
forecast in global 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).
Lucintel forecasts that
packaging will remain the largest end use industry during the forecast period
due to its biodegradable properties and favorable government policies.
L-Lactic polylactic acid
will remain the largest segment and it is expected to witness the highest
growth over the forecast period due to its increasing usage in packaging,
biomedical, textile, and agriculture industry.
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clicking on Polylactic Acid
Market.
Europe is expected to
remain the largest market and will witness the highest growth over the forecast
period supported by stringent government regulations, biodegradable, and
mechanical properties.
Natureworks, Total
Corbion, Pyramid Bioplastics, Weforyou, Zhejiang Hisun Group, are the major
suppliers in the polylactic acid market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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