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Polylactic Acid Market Revenue, Overview, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2027

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Market Size – USD 1,504.0 Million in 2019, Market Growth - CAGR of 18.5%, Market Trends –Growing preference for bio-plastics

The global polylactic acid (PLA) Market is projected to be worth USD 5,944.9 Million by 2027, according to a new report by Emergen Research. The market for polylactic acid (PLA), a bioplastic, is experiencing rapid growth attributed to its widespread application in packaging, textile, transport, agriculture, medical, and electronics, among others. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the growth of the market. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.

This is a vital segment of the research study as it provides market insights relating to the growth of the polylactic acid market at both the country as well as regional level. The researchers estimate the market growth in different regions and countries by assessing both value and volume. They accurately analyze the revenue, price, CAGR, consumption, sales, and other aspects relevant to the regional markets studied in the report.

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Top Companies Operating in the Polylactic Acid Market and Profiled in the Report are:

Teijin Ltd., Thyssenkrupp AG, Synbra Technology BV, Hitachi Ltd., BASF SE, Futerro, Sulzer Ltd., NatureWorks LLC, Zheijiang Hisun Biomaterials Co., Ltd., and Total Corbion PLA, among others.

Objectives of the Report:

  • Study of the global Polylactic Acid market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Polylactic Acid market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Polylactic Acid market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Polylactic Acid market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

 

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Emergen Research has segmented the global polylactic acid (PLA) on the basis of product type, distribution channel, application, and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

  • Racemic PLLA (Poly-L-lactic Acid)
  • Regular PLLA (Poly-L-lactic Acid)
  • PDLA (Poly-D-lactic Acid)
  • PDLLA (Poly-DL-lactic Acid)

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

  • Online
  • Offline

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Packaging
  • Textile
  • Transport
  • Agriculture
  • Electronics
  • Medical
  • Others

In market segmentation by geographical regions, the report has analysed the following regions-       

   North America

   Europe

   Asia-Pacific

   Middle East and Africa

   Latin America    

 

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