Syndicated Research Studies

Polylactic Acid Market Growth & Trends The global  polylactic acid market  size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 21.4% over the forecast period, according to a new study by Grand View Research, Inc. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives. Gather more insights about the market drivers, restrains and growth...

Polylactic Acid Industry Overview The global  polylactic acid market  size is expected to reach USD 2,709.61 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 26.6% from 2022 to 2030. The growth is mainly driven by the end-use industries such as agriculture, transport, and textile, the increasing popularity of quick-service restaurants, and changing consumer preferences that are fueling the growth of flexible packaging. The growing packaging sector is anticipated to create high opportunities for polylactic acid during the forecast period.  Polylactic Acid Market Segmentation Grand View Research has segmented the global polylactic acid market on the basis of end-use and region: Based on the End-use Insights, the market is segmented into Packaging, Agriculture, Automotive & Transport, Electronics, Textile and Others. The packaging end-use segment accounted for the largest revenue share of over 3...