Press release
Polylactic Acid (PLA ) Market Share: Global Trends, Key Players, Industry Analysis Report to 2027
The global polylactic acid market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). The market growth is mainly attributed owing to its biodegradability and environmentally friendly features. Rising environmental awareness among consumers is leading to increasing demand for sustainable packaging across industry verticals such as consumer packaging goods (such as P&G), retail trade, wholesale, healthcare (such as Johnson & Johnson), food & beverage (such as McCormick & Company). In a very fast-pace PLA is becoming a widespread substitute for conventional petroleum-based plastics. There are several countries following the strategy of banning the commercialization of plastic grocery bags to save the environment. These countries include China, South Africa, Ireland, San Francisco, and Uganda, and others. This resulted in an increasing demand for PLA that acts as a viable and biodegradable replacement to petroleum-based products.(Get 15% Discount on Buying this Report)
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Using PLA products have many advantages without harming the environment. Due to change in the lifestyle and eating habits of consumers across the globe, the market for convenience food that requires less cooking time including frozen foods, canned vegetables, and packaged chips among others is rapidly growing. This resulted in an increasing demand for biaxially-oriented PLA films that are currently utilized for flexible packaging of snacks and confectionary, fresh produce and bakery goods, cereal and nutrition bars, frozen foods, and cookies. Shifting towards a fast lifestyle is creating and pushing the need for rigid and flexible food packaging solutions. All convenience foods need proper packaging to be delivered in good condition to the customers, which in turn, is contributing to the growth of the market.
A Full Report of Global Polylactic Acid (PLA ) Market is Available at: https://www.omrglobal.com/industry-reports/polylactic-acid-market
Global Polylactic Acid (PLA) Market Report Segment
By Application
Packaging
Construction Material
Catering and Tableware
Agriculture Material
Consumer Goods
Electronic Material
Automobile
Others
By Raw Material
Corn Based PLA
Sugar-Based PLA
Cassava Based PLA
Other Raw Materials-Based PLA
Global Polylactic Acid (PLA) Market Report Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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