According to a recently published report by Brisk Insights, the Global Polylactic Acid Market is expected to grow at the CAGR of 19.5% during 2017-2025. The global polylactic acid market is segmented on the basis of applications and geography. The report on global polylactic acid market (by application and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Polylactic Acid Market: Global Industry Size, Growth, Share and Forecast to 2025 report at http://www.briskinsights.com/report/polylactic-acid-pla-market
Polylactic acid demand is expected to rise due to the scarcity and volatility of prices of fossil fuels. Also due to the environmental concerns, companies and regulatory bodies are focusing to find a substitute to oil based products. Polylactic acid is the most common bio plastic in use today and is widely used in packaging application followed by catering and technical material applications. In terms of volume, polylactic acid accounts as the highest consumed bio plastic. Pollution control and environment safety are the major reasons for turning towards bio plastic usage rather than conventional plastic synthesized from petroleum.
Scope of the report
1. Global Polylactic Acid Market, by Application, 2015–2025 ($ Millon)
1.3. Technical Material
1.5. Consumer goods
1.6. Construction Materials
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2. Global Polylactic Acid Market, by Geography, 2015-2025 ($ Millon)
2.1. North America
2.2.3. Rest of Europe
2.3. Asia Pacific
2.3.4. South Korea
2.3.5. Rest of Asia Pacific
2.4. Latin America (LATAM)
2.4.3. Rest of Latin America
2.5. Middle East and Africa (MEA)
2.5.2. Rest of Middle East and Africa
3. Company Profiles
3.2. Henan Piaoan Group Co., Ltd
3.5. Nantong Jiuding Biological Engineering Co.,Ltd.
3.6. Natureworks Ingeo
3.7. Pyramid Technologies
3.10. Uhde Inventa – Fischer
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