Press release
North America Polylactic Acid (PLA) Market to Perceive Highest CAGR of 11.2% by 2029, Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis
North America polylactic acid (PLA) market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.2% in the forecast period of 2022 to 2029 and is expected to reach USD 469,516.17 thousand by 2029. The major factor driving the growth of the polylactic acid (PLA) market is the increasing demand for a multi-layer packaging for preventing oxygen and water permeation, increasing demand for biodegradable packaging alternatives from the packaging industry, PLA can be an alternative to petroleum-based polymers, growing demand for bio-based plastics film in agriculture, imposition of strict regulations on environmental safety by various governments.Increasing demand for biodegradable packaging alternatives from the packaging industry is an important driver for the North America polylactic acid (PLA) market. PLA can be an alternative to petroleum-based polymers. The growing demand for bio-based plastic film in agriculture is expected to boost the growth of the North America polylactic acid (PLA) market. The multi-functionalities of PLA and growing consumer inclination towards eco-friendly plastic products are accepted to bring opportunity to the North America polylactic acid (PLA) market. However, poor performance issues compared to conventional plastic challenge North America polylactic acid (PLA) market growth.
Explore Further Details about This Research Report @ https://www.databridgemarketresearch.com/reports/north-america-polylactic-acid-pla-market
Some of the prominent participants operating in the North America polylactic acid (PLA) market are BASF SE, Futerro, NatureWorks LLC, TotalEnergies Corbion, Sulzer Ltd, Mitsubishi Chemical Corporation, TORAY INDUSTRIES, INC., Merck KGaA, Musashino Chemical Laboratory, Ltd., Evonik Industries AG, Polyvel Inc., UNITIKA LTD., Jiangxi Academy of Sciences Biological New Materials Co., Ltd., Shanghai Tong-jie-liang Biomaterials Co., Ltd., Zhejiang Hisun Biomaterials Co., Ltd., and Radici Partecipazioni SpA.
North America Polylactic acid (PLA) Market Scope
Type
Racemic PLLA (Poly-l-lactic acid)
PDLA (Poly-d-lactic acid)
Regular PLLA (Poly-l-lactic acid)
PDLLA (Poly-dl-lactic acid)
PLA Blends
Raw Material
Sugarcane
Corn
Cassava
Sugar Beet
Others
Form
Films and Sheets
Coatings
Fibre
Others
Application
Packaging
Transport
Agriculture
Medical
Electronics
Textile
Hygiene
Others
End User
Plastic Films
Bottles
Biodegradable Medical Devices
North America Polylactic Acid (PLA) Market Regional Analysis/Insights
The North America Polylactic Acid (PLA) market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the North America Polylactic Acid (PLA) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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