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 re...