Lucintel's latest market report analyzed that polylactic acid provides attractive opportunities in the packaging, bio-medical, textile, agriculture, and electronics end use industries. The polylactic acid market is expected to reach $5.4 Million by 2025 with a CAGR of 21.6%. In this market, L-lactic is the largest segment by product type, whereas packaging is largest by end use. Development of high heat resistant polylactic acid and production of PLA from second generation feedstock provides strategic growth path in this market.
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Based on product type, the polylactic acid market is segmented into PLLA, PDLA, and PDLLA. The PLLA segment accounted for the largest share of the market in 2020 and food waste is expected to register the highest CAGR during the forecast period due to its increasing usage in packaging, biomedical, textile, and agriculture industry.
Browse in-depth TOC on “Polylactic Acid Market”
134 – Tables
171 – Figures
242 – Pages
The polylactic acid market is marked by the presence of several big and small players. Some of the prominent players offering polylactic acid include Natureworks, Total Corbion, Pyramid Bioplastic, Weforyou, and Zhejiang Hisun.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
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