According to a new market research report launched by Inkwood Research, the Global Polylactic Acid Marketis expected to garner a growth rate of 12.20% (revenue) and 14.12% (volume) during the forecast period of 2019-2028.
Browse 60 market data Tables and 50 figures spread over 229Pages, along with in-depth analysis on Global Polylactic Acid Market by Product Form, Application, Raw Material & by Geography
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Polylactic Acid Market Scenario
Polylactic acid (PLA) is a bioplastic prepared from lactic acid and used to package vulnerable food products in the food industry. Since it is highly fragile and incompatible with a number of manufacturing processes, it is strengthened with additives. The growing environmental concerns and encouraging government policies like the Kyoto protocol, Paris agreement, among others, are projected to boost the market growth globally.
Polylactic acid is a biodegradable polymer achieved from renewable resources, namely sugar and corn, which is also the primary reason for its surging applications in various verticals, such as agriculture, packaging, and others. However, the global polylactic acid market is witnessing certain challenges, such as poor performance compared to conventional plastics, price competitiveness, need for industrial composting units, and agricultural fiber alternatives. These attributes are expected to create hurdles in the growth of the market over the forecast period.
The Global Polylactic Acid Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Polylactic Acid Market by Product Form, Application, Raw Material & by Geography: https://www.inkwoodresearch.com/reports/polylactic-acid-market/#request-free-sample
Market by Application
Market by Product Form
- Films and Sheets
Market by Raw Material
- Sugarcane & Sugar Beet
– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
– Market forecasts till 2028, using estimated market values as the base numbers
– Key market trends across the business segments, regions and countries
– Key developments and strategies observed in the market
– Market dynamics such as drivers, restraints, opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2028
- TEIJIN LTD
- FUTERRO SA
- THYSSENKRUPP AG
- MITSUBISHI CHEMICAL HOLDING CORPORATION
- NATUREWORKS LLC
- SYNBRA HOLDING BV
- INNOVIA FILMS
- GREEN BIOPLASTICS
- TOTAL-CORBION PLA
- DOW CHEMICALS
- GOOD NATURED PRODUCTS INC
- DANIMER SCIENTIFIC
- ZHEJIANG HISUN BIOMATERIALS CO LTD
GLOBAL BIODEGRADABLE PLASTICS MARKET – Global biodegradable plastic market is projected to rise at 11.49% of CAGR between 2018 and 2026.
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