Polylactic acid market PR .pdf
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Cost-efficiency to Push the Global Polylactic
Acid Market at 11.44% CAGR by 2028
Triton Market Research presents the Global Polylactic Acid Market report segmented by Raw Material
(Sugar Cane & Sugar Beet, Cassava, Corn, Other Raw Material), by End-user (Medical, Agriculture,
Packaging, Textiles, Electronics, Automotive, Agriculture and Other End-users), by Form (Fiber, Films &
Sheets, Coatings, Other Forms), by Geographical Region (North America, Europe, Asia-Pacific, Latin
America, Middle East and Africa), discussing Market Summary, Industry Outlook, Market Definition, Key
Insights, Porter's Five Force Analysis, Market Attractiveness Index, Vendor Scorecard, Value Chain
Analysis, Key Buying Criteria, Regulatory Framework, Drivers, Restraints, Opportunities, Challenges,
Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (20192028).
A Triton Market Research report indicates that the Global Polylactic Acid Market is surging at a CAGR of
11.44% and 13.28% in terms of revenue and volume, respectively, in the forecasted period 2019-2028.
Request a Free Sample: https://www.tritonmarketresearch.com/reports/polylactic-acid-market#requestfree-sample
Polylactic acid refers to a bioplastic material made of lactic acid. It is generally used in the food industry
for packaging sensitive food products. As PLA is eco-friendly, there is an increasing need for it in the
environment-cautious world currently.
Due to the unstable petroleum prices, consumers are increasingly switching to cost-efficient and
environment-friendly forms of polymer, like polylactic acid. This is creating new opportunities for the
global polylactic acid market in the projected period. However, PLA used in the composting process emits
carbon dioxide in the atmosphere, and thus, the government is imposing strict regulations regarding
greenhouse gas emissions. Also, PLA has lower performance as compared to traditional plastics in terms
of toughness and brittleness. These factors are expected to hamper the global market growth.
The Asia-Pacific is anticipated to be the fastest-growing region in the polylactic acid market over the
forecasted period. Polylactic acid finds its applications in different fields, including biomedical, electronic
and textile industry. The increasing applications of this material, owing to its light-weight and easy
blending with other materials, are driving the market growth in the region. Favorable government
initiatives regarding the adoption of polylactic acid are also aiding the regional market growth over the
The prominent players in the polylactic acid market are Danimer Scientific, Thyssenkrupp AG, Innovia
Films, Good Natured Products Inc, Green Dot Bioplastics, Total Corbion PLA, Dow, Futerro SA,
Natureworks LLC, Zhejiang Hisun Biomaterials Co Ltd, Teijin Limited, Mitsubishi Chemical Holding
Corporation, Synbra Holding BV and BASF SE. Many of these companies are trying to develop cheaper
methods of producing polylactic acid. Also, the majority of them are focusing on R&D activities to sustain
in the market.
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