Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 692.34 million

CAGR (2023-2028)

11.53%

Fastest Growing Segment

Packaging

Largest Market

Asia Pacific


Market Overview

Global Polylactic Acid Market has valued at USD 692.34 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 11.53% through 2028. The polymer of polylactic acid (PLA) differs from the commonly available thermoplastic polymers. It is predominantly composed of renewable resources such as sugarcane. PLA is a popular material because it is relatively inexpensive and possesses various beneficial mechanical properties compared to other biodegradable polymers. PLA is primarily derived from plant-based sources, including sugarcane, cassava, corn, and potato. Alternative feedstocks such as agricultural by-products, cellulosic materials, and greenhouse gases have also been explored. However, the process is still under development, and agricultural products are expected to remain the primary source for starch blends and PLA in the foreseeable future. The growth of the PLA market is primarily driven by the increasing demand in end-use sectors such as textiles, packaging, and agriculture. Additionally, the lower carbon emissions associated with polylactic acid compared to traditional polymers contribute to global demand. Moreover, the rising demand for flexible packaging products further fuels market growth. The packaging industry is experiencing a surge due to the growing demand for packaged foods, snacks, ready-to-eat (RTE) meals, and other consumer goods. Consequently, the demand for PLA is expected to rise in the forecast period due to the rapid expansion of the packaging industry.

Key Market Drivers

Growing Demand of Polylactic Acid in Automotive Industry

Polylactic Acid, a biodegradable and bio-based polymer derived from renewable resources like corn starch or sugarcane, presents a compelling alternative to conventional petroleum-based plastics in the automotive industry. PLA's relatively low density makes it an ideal material for light weighting vehicles. As automakers strive to improve fuel efficiency and reduce emissions, the use of PLA in components like interior panels and non-structural parts contributes to achieving these goals. PLA's pliability and similarity with different shading specialists permit makers to make adaptable and aesthetically satisfying parts. This is critical for inside plan components and non-primary parts that add to the general driving experience. PLA is used to create interior components such as door panels, dashboard trims, and center console parts. These components benefit from PLA's lightweight nature, customizable design, and sustainable appeal.

Increasing Demand of Polylactic Acid in Packaging Industry

As consumers demand greener and more responsible packaging solutions, the industry is being compelled to embrace materials that align with sustainability goals. PLA, derived from renewable resources and offering biodegradability, has emerged as a compelling option that caters to this growing demand for eco-friendly packaging. As consumer awareness about environmental issues escalates, there's a notable shift in purchasing behavior towards products packaged in environmentally responsible materials. Brands that incorporate PLA packaging into their offerings stand to gain a competitive edge by appealing to conscious consumers. PLA's compostability plays a vital role in the circular economy model. As composting infrastructure improves, PLA packaging can be collected, processed, and returned to the earth, completing a sustainable materials cycle. From food containers to wraps and films, PLA is gaining traction in the food industry due to its suitability for direct contact with edible items. It maintains the freshness of perishable goods while offering a greener alternative to traditional plastics. Moreover, brands in the cosmetics industry are transitioning to PLA packaging for products like creams, lotions, and shampoos. PLA's aesthetic appeal and customizable nature align well with the visual and branding requirements of these products.

Growing Demand of Polylactic Acid in Electronic Industry

Polylactic Acid (PLA) is a biodegradable and bio-based polymer, has emerged as a key player in this dynamic landscape. The growing adoption of PLA in the electronic industry is not only reshaping the sector but also serving as a potent driver of the global PLA market. One of PLA's leading attributes is its lightweight nature, pursuing it an optimal decision for the electronic business. The decreased weight not just adds to the compactness and comfort of gadgets yet in addition assumes a part in diminishing transportation discharges. Besides, PLA's strength and mechanical properties are being tackled to make parts that can endure the afflictions of day-to-day use in electronic gadgets. PLA's versatility shines in this domain as it can be molded into various forms, providing a custom fit for devices. PLA's thermal properties make it suitable for applications in which components generate heat, such as printed circuit boards (PCBs). The electronics industry leverages PLA's ability to withstand higher temperatures, making it compatible with emerging technologies and trends like 5G networks and the Internet of Things (IoT).

Growth in Technological Advancements

Technological progressions have worked with the advancement of PLA blends and the fuse of different added substances to tailor its properties to explicit applications. By mixing PLA with different polymers or added substances like strands, nanoparticles, or fire retardants, producers can make materials with an assorted scope of properties. These developments have extended PLA's applications to regions as changed as gadgets, auto, and clinical gadgets, exhibiting its flexibility and adaptability. 3D printing, also known as additive manufacturing, has revolutionized manufacturing processes across industries. PLA's biodegradability and ease of processing make it an ideal material for 3D printing applications. The technology allows for intricate and customized designs, enabling rapid prototyping, product personalization, and reducing material waste. Traditional plastic recycling facilities are not equipped to handle PLA, and improper disposal can hinder its biodegradation process. Technological advancements are addressing this challenge through the development of specialized PLA recycling and composting facilities.

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Key Market Challenges

Lack of Composting Infrastructure

PLA products tossed into conventional waste streams often end up in landfills or incinerators, where they decompose at a much slower rate than they would in an industrial composting facility. This defeats the purpose of using a biodegradable material, as the intended environmental benefits are not realized. When PLA products enter recycling streams, they can contaminate conventional plastic recycling processes, leading to issues with recycling and exacerbating the plastic pollution problem. Sorting PLA from traditional plastics is challenging, and the lack of awareness among consumers about proper disposal worsens the problem. Moreover, the absence of easily accessible composting facilities discourages consumers from choosing PLA products, as they are uncertain about how to dispose of them responsibly. This limits the market's growth potential and inhibits the positive environmental impact that PLA can have.

Complex Production Process      

PLA's feedstock, primarily corn and sugarcane, compete with other essential industries such as food and energy. As global populations rise, the demand for food crops and biofuels increases, potentially leading to competition for resources. Balancing the need for bio-based materials like PLA with food security and energy production is a significant challenge that requires careful resource management and sustainable agricultural practices. PLA production requires significant amounts of resources, including water, energy, and land. The process of converting feedstocks into lactic acid and eventually PLA involves various energy-intensive steps such as fermentation, distillation, and polymerization. The production of PLA involves intricate chemical reactions, precise control of reaction conditions, and the use of specialized equipment. Developing and maintaining these technologies requires a substantial investment in research and development.

Key Market Trends

Growing Evolution of Bioplastics

PLA is made from plant-based feedstocks and has garnered significant attention due to its biodegradability and reduced carbon footprint compared to petroleum-based plastics. The concept of a circular economy, where materials are used, reused, and recycled in a closed loop, aligns seamlessly with PLA's biodegradability. PLA's ability to compost under controlled conditions supports the concept of returning materials to the environment in a way that enriches rather than pollutes. As circular economy initiatives gain traction, PLA is poised to play a pivotal role in creating a sustainable materials ecosystem.

Segmental Insights

End-Use Industry Insights

In 2022, the polylactic acid market was dominated by the packaging and is predicted to continue expanding over the coming years. This can be attributed to the widespread use of polylactic acid (PLA) for producing jars, containers, and bottles, as well as for fresh food packaging. The global consumer preference for sustainable and environmentally friendly packaging is compelling manufacturers to utilize PLA in packaging. Packaging is a prominent application of PLA in the food packaging industry. PLA-based plastic bottles are disposable, long-lasting, and possess characteristics such as shine and clarity. Additionally, strict regulations on single-use plastics in countries like Taiwan, the United Kingdom, Zimbabwe, New Zealand, and various states in the United States (including New York, Hawaii, and California) are significantly driving the demand for PLA in the packaging sector.

Application Insights

In 2022, the polylactic acid market was dominated by films & sheets segment and is predicted to continue expanding over the coming years. PLA films can be tailored to provide specific barrier properties, such as moisture resistance and gas permeability, making them suitable for packaging perishable items. These films help extend the shelf life of products, reducing food waste and enhancing the overall sustainability of the supply chain. The shift towards sustainable packaging materials has driven the demand for PLA films, as they offer an eco-friendly alternative to traditional petroleum-based plastics. Consumer preferences for products with reduced environmental impact have propelled the adoption of PLA films in food packaging, beverage containers, and various consumer goods. The supply chain for PLA feedstocks, such as corn and sugarcane, has become more established and efficient over time. This has contributed to a more consistent and reliable supply of raw materials for PLA film production.

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Regional Insights

The Asia Pacific region has established itself as the leader in the Global Polylactic Acid Market. This can be attributed to expanding innovative work venture by key market players and expanding mindfulness with respect to utilization of bioplastics in the area. Likewise, government in the locale are offering auxiliaries for the creation of biodegradable items to decrease the natural worries which is one more component expected to push development of the objective business in the nations of Asia Pacific district.

Recent Developments

  • In June 2021, the Thailand Investment Board authorized the establishment of the fully integrated Ingeo Polylactic Acid production facility of NatureWorks. The facility is expected to be operational by 2024 with a manufacturing capability of 75000 tons of Ingeo biopolymer.
  • In April 2021, Total Corbion PLA disclosed the showcase of several collaborative uses centered on Luminy, its range of Polylactic resins (PLA) that comprises of both regular and high temperature grade PLA variants.
  • In September 2020, NatureWorks disclosed the lineup of manufacturing technology initiatives that encompass supplementary lactide monomer refinement technology to enhance the accessibility of ingeo biopolymer from the manufacturing plant in Blair. This is anticipated to amplify the accessibility of completely ingeo (PLA) biomaterials collection by 10%.
  • In May 2023, TotalEnergies Corbion joined forces with Bluepha Co. Ltd to develop cutting-edge eco-friendly biomaterials solutions in China. This will be achieved by combining Bluepha®'s polyhydroxyalkanoates (PHA) with Luminy®'s polylactic acid technology.
  • In May 2023, TotalEnergies Corbion unveiled a partnership with Xiamen Changsu Industrial Pte Ltd. to drive progress in the polylactic acid industry. The two firms will collaborate on marketing, research, and development, as well as the creation of cutting-edge applications and technologies for biaxially oriented polylactic acid (BOPLA).
  • In November 2022, NatureWorks LLC partnered with CJ Biomaterials to create an innovative biopolymer solution using polylactic acid technology. The aim is to substitute non-renewable plastic made from fossil fuels in various applications, including compostable food service ware and packaging, as well as personal care and other final products.
  • In April 2023, NatureWorks LLC announced its partnership with Jabil Inc. to offer the newest polylactic acid-derived powder for specific laser sintering 3D printing platforms.
  • In December 2022, Futerro began preparations to establish a comprehensive biorefinery in Normandy for the manufacturing and reusing of polylactic acid. The objective is to make a substantial contribution towards the realization of an environmentally-friendly economy, facilitating a shift from fossil-based carbon to carbon derived from biomass.

Key Market Players

  • Corbion N.V.
  • Galactic S.A.
  • Henan Jindan Lactic Acid Co., Ltd.
  • Jungbunzlauer AG
  • Musashino Chemical Laboratory, Ltd.
  • BASF SE
  • NatureWorks
  • Henan Jindan Lactic Acid Technology
  • Mitsubishi Chemical Holdings Corporation
  • Synbra Technology BV 

By Raw Material

  By Application

 By End-Use Industry

  By Grade

By Region

  • Corn
  • Cassava
  • Sugarcane
  • Sugar Beet
  • Others
  • Rigid Thermoforms
  • Films & Sheets
  • Bottles
  • Others
  • Packaging
  • Consumer Goods
  • Agriculture
  • Textile
  • Bio-Medical
  • Others
  • Thermoforming
  • Injection Molding
  • Extrusion
  • Blow Molding
  • Others
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Report Scope:

In this report, the Global Polylactic Acid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Polylactic Acid Market, By Raw Material:

o    Corn

o    Cassava

o    Sugarcane

o    Sugar Beet

o    Others

  • Polylactic Acid Market, By Application:

o   Rigid Thermoforms

o   Films & Sheets

o   Bottles

o   Others

·         Polylactic Acid Market, By End-Use Industry:

o   Packaging

o   Consumer Goods

o   Agriculture

o   Textile

o   Bio-Medical

o   Others

·         Polylactic Acid Market, By Grade:

o   Thermoforming

o   Injection Molding

o   Extrusion

o   Blow Molding

o   Others

·         Polylactic Acid Market, By Region:

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

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Polylactic Acid Market.

Available Customizations:

Global Polylactic Acid Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Polylactic Acid Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Polylactic Acid Market

5.    Global Polylactic Acid Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Raw Material (Corn, Cassava, Sugarcane, Sugar Beet, Others)

5.2.2.    By Application (Rigid Thermoforms, Films & Sheets, Bottles, Others)

5.2.3.    By End-Use Industry (Packaging, Consumer Goods, Agriculture, Textile, Bio-Medical, Others)

5.2.4.    By Grade (Thermoforming, Injection Molding, Extrusion, Blow Molding, Others)

5.2.5.    By End User (Automotive, Mechanical & Engineering, Construction, Chemical, Oil & Gas, Petrochemical, Others)

5.2.6.    By Region

5.2.7.    By Company (2023)

5.3.  Market Map

6.    Asia Pacific Polylactic Acid Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Raw Material

6.2.2.    By Application

6.2.3.    By End-Use Industry

6.2.4.    By Grade

6.2.5.    By Country

6.3.  Asia Pacific: Country Analysis

6.3.1.    China Polylactic Acid Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Raw Material

6.3.1.2.2.           By Application

6.3.1.2.3.           By End-Use Industry

6.3.1.2.4.           By Grade

6.3.2.    India Polylactic Acid Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Raw Material

6.3.2.2.2.           By Application

6.3.2.2.3.           By End-Use Industry

6.3.2.2.4.           By Grade

6.3.3.    Australia Polylactic Acid Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Raw Material

6.3.3.2.2.           By Application

6.3.3.2.3.           By End-Use Industry

6.3.3.2.4.           By Grade

6.3.4.    Japan Polylactic Acid Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Raw Material

6.3.4.2.2.           By Application

6.3.4.2.3.           By End-Use Industry

6.3.4.2.4.           By Grade

6.3.5.    South Korea Polylactic Acid Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Raw Material

6.3.5.2.2.           By Application

6.3.5.2.3.           By End-Use Industry

6.3.5.2.4.           By Grade

7.    Europe Polylactic Acid Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Raw Material

7.2.2.    By Application

7.2.3.    By End-Use Industry

7.2.4.    By Grade

7.2.5.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Polylactic Acid Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Raw Material

7.3.1.2.2.           By Application

7.3.1.2.3.           By End-Use Industry

7.3.1.2.4.           By Grade

7.3.2.    Germany Polylactic Acid Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Raw Material

7.3.2.2.2.           By Application

7.3.2.2.3.           By End-Use Industry

7.3.2.2.4.           By Grade

7.3.3.    Spain Polylactic Acid Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Raw Material

7.3.3.2.2.           By Application

7.3.3.2.3.           By End-Use Industry

7.3.3.2.4.           By Grade

7.3.4.    Italy Polylactic Acid Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Raw Material

7.3.4.2.2.           By Application

7.3.4.2.3.           By End-Use Industry

7.3.4.2.4.           By Grade

7.3.5.    United Kingdom Polylactic Acid Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Raw Material

7.3.5.2.2.           By Application

7.3.5.2.3.           By End-Use Industry

7.3.5.2.4.           By Grade

8.    North America Polylactic Acid Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Raw Material

8.2.2.    By Application

8.2.3.    By End-Use Industry

8.2.4.    By Grade

8.2.5.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Polylactic Acid Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Raw Material

8.3.1.2.2.           By Application

8.3.1.2.3.           By End-Use Industry

8.3.1.2.4.           By Grade

8.3.2.    Mexico Polylactic Acid Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Raw Material

8.3.2.2.2.           By Application

8.3.2.2.3.           By End-Use Industry

8.3.2.2.4.           By Grade

8.3.3.    Canada Polylactic Acid Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Raw Material

8.3.3.2.2.           By Application

8.3.3.2.3.           By End-Use Industry

8.3.3.2.4.           By Grade

9.    South America Polylactic Acid Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Raw Material

9.2.2.    By Application

9.2.3.    By End-Use Industry

9.2.4.    By Grade

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Polylactic Acid Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Raw Material

9.3.1.2.2.           By Application

9.3.1.2.3.           By End-Use Industry

9.3.1.2.4.           By Grade

9.3.2.    Argentina Polylactic Acid Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Raw Material

9.3.2.2.2.           By Application

9.3.2.2.3.           By End-Use Industry

9.3.2.2.4.           By Grade

9.3.3.    Colombia Polylactic Acid Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Raw Material

9.3.3.2.2.           By Application

9.3.3.2.3.           By End-Use Industry

9.3.3.2.4.           By Grade

10. Middle East and Africa Polylactic Acid Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Raw Material

10.2.2. By Application

10.2.3. By End-Use Industry

10.2.4. By Grade

10.2.5. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Polylactic Acid Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Raw Material

10.3.1.2.2.         By Application

10.3.1.2.3.         By End-Use Industry

10.3.1.2.4.         By Grade

10.3.2. Saudi Arabia Polylactic Acid Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Raw Material

10.3.2.2.2.         By Application

10.3.2.2.3.         By End-Use Industry

10.3.2.2.4.         By Grade

10.3.3. UAE Polylactic Acid Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Raw Material

10.3.3.2.2.         By Application

10.3.3.2.3.         By End-Use Industry

10.3.3.2.4.         By Grade

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Developments

12.2.             Product Launches

12.3.             Mergers & Acquisitions

13. Global Polylactic Acid Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Product

15. PESTLE Analysis

16. Competitive Landscape

16.1.     Corbion N.V.

16.1.1. Business Overview

16.1.2. Company Snapshot

16.1.3. Products & Services

16.1.4. Financials (As Reported)

16.1.5. Recent Developments

16.2.     Galactic S.A.

16.3.     Henan Jindan Lactic Acid Co., Ltd.

16.4.     Jungbunzlauer AG

16.5.     Musashino Chemical Laboratory, Ltd.

16.6.     BASF SE

16.7.     NatureWorks

16.8.     Henan Jindan Lactic Acid Technology

16.9.     Mitsubishi Chemical Holdings Corporation

16.10.   Synbra Technology BV

17. Strategic Recommendations

18.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Polylactic Acid Market was estimated to be USD 692.34 million in 2022.

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Corbion N.V., Galactic S.A., Henan Jindan Lactic Acid Co., Ltd., Jungbunzlauer AG, Musashino Chemical Laboratory, Ltd., BASF SE, NatureWorks, Henan Jindan Lactic Acid Technology, Mitsubishi Chemical Holdings Corporation, Synbra Technology BV are some of the key players operating in the Global Polylactic Acid Market.

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Lack of composting infrastructure and complexities associated with production process of polylactic acid are the major challenges faced by the Global Polylactic Acid Market in the upcoming years.

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Growing demand for Polylactic Acid from automotive and packaging industries is driving the growth of the Global Polylactic Acid Market.

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Sakshi Bajaal

Business Consultant
Press Release

Global Polylactic Acid Market to be dominated by utilization of polylactic acid in agriculture industry through 2028.

Nov, 2023

Growing demand of polylactic acid in textile industry and initiatives taken by the government to support the production of polylactic acid are the major drivers for the Global Polylactic Acid Market.