Polylactic Acid Market Industry Size Outlook 2024 & New Revenue Pockets
The market size of the Polylactic Acid Market Industry is projected to reach USD 3.3 billion by 2028, at a CAGR of 17.1% from USD 1.5 billion in 2023. The increasing demand from the packaging, agriculture, and textile end-use industry coupled with the new developing technologies, will contribute to the rapid growth in the demand for PLA. Moreover, PLA market growth is primarily driven by the flexible...
Lactic Acid And Polylactic Acid Market – Global Trends, Opportunities Analysis and Forecast to 2020
The main end-user markets for lactic acid are the food & beverage, pharmaceutical, and personal care industries. Presently, the application of lactic acid has been growing in the biodegradable- and renewable raw material-based polylactic acid polymers industry. The biotechnological processes for the production of lactic acid usually include lactic acid fermentation and product purification.
The...