Global Lactic Acid and Polylactic Acid Market Share, Trends, Forecasts
The global Lactic Acid and Polylactic Acid Market was valued at USD 1.6 billion and USD 1.3 billion in 2023 and are anticipated to grow at CAGRs of 12.4% and 17.7%, respectively, between 2023 and 2028, attributed to the growing revenue of $2.8 billion and $2.9 billion by 2028. The base year for estimation is 2022, and the historical data spans from 2023 to 2028.
The North America...
New Revenue Sources in the Lactic Acid and Polylactic Acid Market
Lactic Acid and Polylactic Acid Market Overview
Lactic acid is an organic acid that can be produced through fermentation or chemical synthesis. It has various applications, including food and beverages, pharmaceuticals, personal care products, and industrial uses. The demand for lactic acid has been increasing due to its biodegradability and versatility. Polylactic Acid (PLA) is a biodegradable...