Polylactic Acid Market
22/04/2021 Others
Price: 1234.00 ₹
Description
The global polylactic acid (PLA) market size was valued at USD 1,504.0 Million in 2019 and is forecasted to reach USD 5,944.9 Million by 2027 at a CAGR of 18.5%. The market for polylactic acid (PLA), a bioplastic, is experiencing rapid growth attributed to its widespread application in packaging, textile, transport, agriculture, medical, and electronics. Factors such as increasing demand for polylactic acid in the packaging sector, surging demand for bio-polylactic acid in additive manufacturing, growing preference for bio-plastics, supportive government initiatives, and increased investment in R&D are causative of the growing market demand.
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vishu maxwell
Individual
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