Global Polylactic Acid Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Type PLLA, PDLA, and PDLLA Market Segments by End Use Packaging, bio-medical, textile, agriculture, electronics, and others Market Segments by Raw Material Corn starch, sugarcane & sugar beet, cassava, and others Market Segments by Product Form Film & sheet, fiber, thermoforming, coating, and others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Natureworks, Total Corbion, Pyramid Bioplastic, Weforyou, and Zhejiang Hisun Trend Growth Rate and CAGR13.8% Key Industry Forecast The global polylactic acid market is expected to reach an estimated $3.7 billion by 2024 with a CAGR of 13.8% from 2019 to Key Industry Driver Driver: Increasing government regulation, environment friendly and better mechanical properties as compared to other biopolymers. 2

Industry Overview Market Size The global polylactic acid market is expected to reach an estimated $3.7 billion by 2024 with a CAGR of 13.8% from 2019 to Emerging trends, which have a direct impact on the dynamics of the polylactic acid industry, include development of high heat resistant polylactic acid and production of PLA from second generation feedstock. Market Size (2024)$3.7 billion CAGR ( )13.8% 3 Industry Performance : Forecast