Polylactic Acid Market Future Business Growth by 2028, Fortune Business Insights™

 

The global polylactic acid market size is  expected to gain momentum by reaching USD 2,306,708.2 thousand by 2028 while exhibiting an impressive CAGR of 16.3% between 2021 and 2028. Fortune Business Insights published this information. The report further mentions that the market stood at USD 698,200.9 thousand in 2020. The growth is attributable to the rising packaging industry and the growing demand for biodegradable plastics that will propel the demand for advanced polylactic acid during the forecast period.

Information source:

https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

Market Segmentation:

We have segmented the market based on application and region. On the basis of application, the market is divided into packaging, textiles, consumer Goods, agriculture & horticulture, and others. Additionally, based on application, the packaging segment is expected to experience considerable growth.

DRIVING FACTORS

Rising Packaging Industry to Favor Market Growth

According to the United Nations Joint Group of Experts on the Scientific Aspects of Marine Pollution (GESAMP), it is estimated that around 80% of the land-based plastic sources account for the overall marine pollution globally.

 

Publicado en Technology en agosto 23 at 03:29
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