Polylactic Acid (PLA) Market is Thriving with Rising Latest Trends by 2026 | Top Players- BASF SE; Danimer Scientific; Futerro SA; NatureWorks LLC; Total Corbion PLA; Synbra Technology bv

Polylactic Acid (PLA) Market research report gives methodical idea about the current scenario of the global market, recent developments, product launches, joint ventures, capacity, production value, mergers and acquisitions based on several market dynamics. The report assists in determining and optimizing each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. Moreover, the report offers advanced information and scenario about the Chemical industry which helps to stand apart in the competition in this fast paced business environment. Additionally, businesses can make out the response of the consumers to an already existing product in the market.

Global polylactic acid (PLA) market is expected to rise to an estimated value of USD 4283.25 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand for bio-degradable packaging alternatives as well as the growing advancements in technologies increasing the overall demand for bio-plastics.

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Polylactic acid is a type of renewable plastic sourced from biodegradable raw materials such as corn, sugarcane, sugar beet and cassava. This bioplastic is produced from crystallization of lactic acid found in various plant sources. Polylactic acid finds its application in a number of end-use industries such as packaging, cosmetics & personal care, agriculture, textiles, medical, automotive and electronics among others.

Competitive Analysis:

Global polylactic acid (PLA) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polylactic acid (PLA) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Top Leaders- BASF SE; Danimer Scientific; Futerro SA; NatureWorks LLC; Total Corbion PLA; Synbra Technology bv; Hitachi, Ltd.; Sulzer Ltd; TOYOBO CO., LTD.; Mitsubishi Chemical Corporation; Dow; TORAY INDUSTRIES, INC.; weforyou GmbH; Merck KGaA; Musashino Chemical Laboratory, Ltd.; The Chemical Company and Reliance Life Sciences among others.

Key Developments in the Market:

In December 2018, Total Corbion PLA announced that they had established a new PLA (Polylactic Acid) manufacturing facility in Rayong, Thailand which will provide around 75,000 tons of annual capacity. The facility will provide “Luminy PLA” resins and is expected to meet the growing demand of bioplastics globally. The availability of environmental friendly plastics will also help various other manufacturers and brands to increase their production capacity which was based on PLA

In August 2017, BASF SE announced that they had completed the acquisition of “Innofil3D”, with the help of this acquisition BASF SE will be able to provide plastic filaments as well as granules for 3D printing applications. Innofil3D based out of Netherlands, is an established leader in providing unique plastic filaments to the 3D printing market and their expertise will be a value-added addition to the BASF organization

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Global Polylactic Acid (PLA) Market Segmentation:

Global Polylactic Acid (PLA) Market By Raw Material (Corn, Cassava, Sugarcane & Sugar Beet, Others)

Form (Fiber, Films & Sheets, Coatings, Others)

Application (Packaging, Agriculture, Transport, Medical, Electronics, Textiles, Others)

Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Some of the Major Highlights of TOC covers:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

Download in Depth Tables of Content, Figure and Tables: @ https://www.databridgemarketresearch.com/toc/?dbmr=global-polylactic-acid-pla-market&SH

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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