Polylactic Acid Global Market Size, Share, Growth, Trends, By Raw Material, By Application, Regional Outlook and Forecasts, 2023-2032 | Total Corbion PLA, NatureWorks LLC, Futerro S.A., COFCO, Evonik Industries AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Polylactic Acid Market Size, Growth Rate, And Forecast
The global polylactic acid market size is expected to grow from $1.15 billion in 2022 to $1.36 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polylactic acid market size is expected to reach $2.62 billion in 2027 at a CAGR of 17.8%.

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Polylactic Acid Market Drivers
Growing awareness among consumers regarding green packaging and sustainability is expected to propel the growth of the polylactic acid (PLA) market. Green packaging, or sustainable packaging, uses materials and manufacturing processes to reduce energy consumption and diminish the adverse environmental effects of packaging.

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Polylactic Acid Market Segments
• By Type: Racemic PLLA, PDLA, Regular PLLA, PDLLA, and PLA Blends
• By Raw Material: Corn Starch, Sugarcane and Sugar Beet, Cassava, Other Raw Materials
• By Form: Films and Sheets, Coatings, Fiber, Other Forms
• By Application: Packaging, Agriculture, Transport, Electronics, Textiles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the polylactic acid market.

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Polylactic Acid Market Key Players
Major competitors in the polylactic acid market include are Total Corbion PLA, NatureWorks LLC, Futerro S.A., COFCO, Jiangxi Keyuan Bio-Material Co. Ltd., Shanghai Tong-Jie-Liang Biomaterials Co. Ltd., Zhejiang Hisun Biomaterials Co. Ltd., Evonik Industries AG, Synbra Technology BV, BASF SE, Mitsubishi Chemical Holdings Corporation, Toray Industries Inc., Polyvel Inc., Musashino Chemical Laboratory Ltd., and Radici Partecipazioni SpA.

The Business Research Company's "Global Polylactic Acid Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table of Content for The Polylactic Acid Market Include:
1. Executive Summary
2. Polylactic Acid Market Characteristics
3. Polylactic Acid Market Trends And Strategies
4. Polylactic Acid Market - Macro Economic Scenario
5. Polylactic Acid Market Size And Growth
.....
26. Africa Polylactic Acid Market
27. Polylactic Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polylactic Acid Market
29. Polylactic Acid Market Future Outlook and Potential Analysis
30. Appendix

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