According to HTF Market Intelligence, the global Poly Lactic Acid market is valued at USD xx Million in 2023 and estimated to reach a revenue of USD xx Million by 2030, with a CAGR of 20.8% from 2023 to 2030.

Poly Lactic Acid Market Overview

Polylactic acid (PLA) is a sort of plastic that is used in building models and prototypes of solid objects as well as components. It is also known as polylactide acid. PLA is a thermoplastic polyester that serves as the raw material in 3-D printing or additive manufacturing processes and applications. PLA is primarily created using renewable or green sources such as sugar cane, starch, corn, among others. Polylactic acid can easily be recycled.  PLA is used in most additive manufacturing methods that design 3-D models and prototypes through plastic-based materials. In fused deposition modeling technology, the molten polymer filament, which is extruded from the controller nozzle, is polylactic acid (PLA). PLA is a popular and commonly used plastic raw material in 3-D printing, after acrylonitrile butadiene styrene (ABS), which comes in both hard and soft forms.

Some of the companies listed in the study from the complete survey list are BASF SE (Germany), Bayer (Germany), Corbian N.V. (Netherlands), Danimer Scientific (United States), DowDuPont Inc. (United States), Eastman Chemicals (United States), Futerro S.A. (Belgium), Henen Jindan Lactic Acid Technology (China), Mitsubishi Chemical Corp. (Japan), Natureworks LLC (United States).

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Market Trends

Increases Usage of PLA in Personal Care Products

Market Drivers

Favorable Government Policies Promoting Bio-plastics

Demand for Bio-plastic Packaging

Growing Demand for Cellulose Derived Fibers in Textile Industry

Market Opportunities:

Growing Production of Genetically Modified Corn

Growing Usage of PLA in 3D Printing

Poly Lactic Acid Market Segmentation

The Poly Lactic Acid Market is Segmented by Application (Packaging, Automotive, Medical, Electronics, Agriculture, Textiles, Others) by Raw Material (Corn starch, Sugarcane & sugar beet, Cassava, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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