Lactic Acid & Poly Lactic Acid (PLA) Market
Lactic Acid & Poly Lactic Acid (PLA) Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
Request Sample Report
Lactic Acid & Poly Lactic Acid (PLA) Market Size and Growth
The Lactic Acid and Poly Lactic Acid (PLA) market is experiencing significant growth, driven by increasing demand in bioplastics and food industries. The global market size for lactic acid reached approximately $1.2 billion in 2022, while PLA is anticipated to surpass $5 billion by 2028, reflecting robust expansion and sustainability trends.
Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ BASF SE
◍ Danimer Scientific LLC
◍ Henan Jindan Lactic Acid Technology Co., Ltd.
◍ Synbra Technology B.V.
◍ The Dow Chemical Company
◍ Corbion Purac
◍ Galactic S.A
◍ Natureworks LLC
◍ Teijin Ltd
◍ Wei Mon Industry Co., Ltd
The Lactic Acid & PLA market features companies like BASF SE, Natureworks LLC, and Corbion Purac, focusing on biodegradable materials for applications in packaging and textiles. They drive market growth through innovation and sustainable solutions. Sales figures include: Corbion ~€900 million, BASF ~€80 billion, and NatureWorks ~$200 million. Request Sample Report
Market Segmentation
By Application
◍ Biodegradable Polymers
◍ Food And Beverages
◍ Pharmaceuticals
◍ Personal Care Product
◍ Other Applications
By Product
◍ Food Grade
Pharmaceutical Grade ◍ Cosmetic Grade
Request Sample Report
Market Growth
Request Sample Report
$ X Billion USD
