EUROPE POLYLACTIC ACID MARKET FORECAST 2017-2025

EUROPE POLYLACTIC ACID MARKET FORECAST 2017-2025

  • August 2017 •
  • 65 pages •
  • Report ID: 5067711
KEY FINDINGS
The Europe polylactic acid market which was valued at $500 million in the year 2016, is asserted to grow at a CAGR of 19.36% for the years 2017-2025. The market value is also expected to rise in this process and reach $2427 million by the end of 2025.

MARKET INSIGHTS
The European market is segmented on the basis of the type of products and the type of application. The packaging application of the polylactic acid market is more popular in this region. Since the polylactic acid blends easily with other materials, its applications are gaining widespread popularity in this region. However, its high cost of production can prove challenging for the market growth.

COMPETITIVE INSIGHTS
The noted players in the market include Green Dot Holdings LLC, Futerro SA, Solegear Bioplastics Inc, Natureworks LLC, BASF, ThyssenKrupp AG, Biobent Polymers, etc