The Global Polylactic Acid Market Report, published by Emergen Research, offers an industry-wide assessment of the Polylactic Acid market, which is inclusive of the most crucial factors contributing to the growth of the industry. 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.
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This section of the report offers valuable insights into the geographical segmentation of the Polylactic Acid market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Polylactic Acid market into various regions, including:
- North America (U.S., Canada)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
The leading market contenders listed in the report are as follows:
- 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
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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
Report Highlights:
- The report conducts a comparative assessment of the leading market players participating in the global Polylactic Acid market.
- The report marks the notable developments that have recently taken place in the Polylactic Acid industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Polylactic Acid market value chain.
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