Talk » ccording to a new market report

According to a new market report published by Lucintel Jeff Carter Kings Jersey , the future of the polylactic acid market looks promising with opportunities in the packaging, bio-medical, textile, agriculture, and electronics end use industries. The global polylactic acid market is expected to reach an estimated $3.7 billion by 2024 with a CAGR of 13.8% from 2019 to 2024. The major growth drivers for this market are increasing government regulation, environment friendly and better mechanical properties as compared to other biopolymers.
In this market, L-lactic, D-lactic Tyler Toffoli Kings Jersey , and DL-lactic are the major product types of the polylactic acid. The L-lactic product type is expected to remain the largest market and will witness highest growth during the forecast period due to its increasing usage in packaging, biomedical, textile, and agriculture industry.
Within the polylactic acid market, packaging will remain the largest end use industry during the forecast period due to its biodegradable properties and favorable government policies. Lucintel predicts that the bio-medical end use is expected to witness the highest growth over the forecast period due its non-toxic and non-carcinogenic effects on human body.
Europe is expected to remain the largest market and will witness the highest growth over the forecast period supported by stringent government regulations, biodegradable, and mechanical properties.
Emerging trends, which have a direct impact on the dynamics of the industry Tanner Pearson Kings Jersey , include development of high heat resistant polylactic acid and production of PLA from second generation feedstock. Natureworks, Total Corbion, Pyramid Bioplastic, Weforyou, and Zhejiang Hisun are among the major manufactures of polylactic acid.
Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the global polylactic acid market by product type, end use industry [url=http://www.hockeykingsshop.com/Derek-Forbort-Jersey
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