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Polylactic Acid Market Volume Forecast and Value Chain Analysis 2019-2025

Wide utilization of the product in various industries including packaging, agriculture, transport, electronics, and textiles in emerging economies such as China, India, and Indonesia are is a key factor driving industry growth.

The Global Polylactic Acid (PLA) Market size is expected to reach USD 4.25 billion by 2025, according to a new report by Grand View Research, Inc., registering a 20.6% CAGR during the forecast period.


Polylactic acid is used to produce engineering plastics and microwaveable containers, including food containers and disposable cutlery. Several beneficial properties, such as better aesthetic appeal, good resistance to oil and grease, and better printability, have resulted in significant use of PLA for manufacturing food packaging products.

The transport sector is likely to witness a steady decline in prices of automotive parts on account of increasing use of PLA in car interiors such as dashboards, seats, and bumpers, as it has the ability to reduce weight and increase toughness. The overall rising production of bioplastics and their increasing penetration in various applications in order to reduce greenhouse gases and decrease the dependence on petroleum sources is projected to have a positive impact on the polylactic acid market.

To Know More About Polylactic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polylactic-acid-pla-market 

PLA packaging provides an environment-friendly solution and helps in enhancing the appearance of the final product. It has become an essential part of green packaging of various food products, which will help in improving its growth prospects over the forecast period. Growing usage of bioplastics in flexible packaging is expected to fuel industry expansion.

Top Players of Polylactic Acid (PLA) Market:

Some of the key companies present in the industry are BASF SE, Danimer Scientific, Futerro, NatureWorks LLC, Synbra Technology BV, Hitachi Ltd., Sulzer Ltd., Zhejiang Hisun Biomaterials Co., Ltd., Thyssenkrupp AG, and Teijin Ltd.

Market Segmentation of Polylactic Acid (PLA) Market:

The Global Polylactic Acid (PLA) Market segmented on the basis of Product and Region.

By Application:

Packaging
Agriculture
Transport
Electronics
Textiles

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Polylactic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/5621/ibb 
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