Press release
Bio-polylactic Acid (PLA) Market 2021 Highlights Recent Trends, Market Growth, Business Opportunities till 2026
The Bio-polylactic Acid (PLA) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The market for bio-polylactic acid is expected to register a CAGR of around 20% during the forecast period.
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Top Leading Companies of Bio-polylactic Acid (PLA) Market are BASF SE, Total Corbion PLA, Danimer Scientific, DuPont, Futerro, Mitsubishi Chemical Holdings Corporation, Natureworks, Sulzer Ltd, Synbra Technology BV, Teijin Ltd, Zhejiang Hisun Biomaterials Co. Ltd and others.
Key Market Trends:
Packaging Segmented Expected to Dominate the Market
- The packaging industry is one of the largest consumers of bio-PLA. Packaging accounts for the major share of the global bio-PLA market.
- The restaurant chains and food processing industries are increasingly adopting biodegradable materials for food packaging.
- Consumer awareness is also rising and rapidly evolving, in terms of food safety, as some plastics are proven carcinogens.
China to Dominate the Market in Asia-Pacific
- The rapid growth of the consumption of bio-polylactic acid in China has been majorly driven by ample developments in the packaging and medical sectors, which are being supported by the growing economy.
- The packaging industry in the country has shown a continuous rise, despite a decline in the pace of growth. The continuous rise in this industry is due to the demand for FMCG goods. Additionally, an increase in demand for eco-friendly packaging has benefitted the packaging sector in China.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Bio-polylactic Acid (PLA) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Bio-polylactic Acid (PLA) Market (%),2016 - 2026
- Bio-polylactic Acid (PLA) Market Share, By Brand
- Bio-polylactic Acid (PLA) Market Share, By Company
- Bio-polylactic Acid (PLA) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Bio-polylactic Acid (PLA) Market Value Analysis & Forecast
- Promising Bio-polylactic Acid (PLA) Development by Major Companies
- Detailed Bio-polylactic Acid (PLA) Portfolio of the Major Companies
- Major Deals in the Bio-polylactic Acid (PLA) Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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