PLA is a bioplastic that is biodegradable in nature. It is derived from renewable sources such as sugarcane and corn starch. Its manufacturing process includes condensation and polymerization. It is widely used for packaging in the food and beverage industry. It is also used for various applications such as biodegradable polymers, food and beverages, medical and pharmaceutical, and personal care.
Technavio’s analysts forecast the global polylactic acid market to grow at a CAGR of 19.99% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global polylactic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • Europe • ROW
Technavio’s report, Global Polylactic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • Exxon Mobil • The Dow Chemical company • DuPont • Futerro • Galactic • Henan Jindan Lactic Acid Technology
Market driver • Easy availability of raw materials • For a full, detailed list, view our report
Market challenge • Lack of consumer awareness and acceptance • For a full, detailed list, view our report
Market trend • Increasing use of PLA by automotive manufacturers • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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