The global lactic acid market size is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 2.1 billion by 2025, recording a CAGR of 12.8%, in terms of value. The global polylactic acid market size is estimated to be valued at USD 786 million in 2020 and is projected to reach USD 1,756 million by 2025, recording a CAGR of 17.4%, in terms of value.
The rise in consumer awareness to mitigate food wastage and the increasing consumer demand for convenience food & beverages with increased shelf-life has been boosting the lactic acid market, globally. Governments of numerous countries have been bolstering the use of polylactic acid has also been augmenting the demand for polylactic acid market in applications such as packaging, fiber & fabrics, agricultures, among others.
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Based on application, the lactic acid market is dominated by the biodegradable polymers. The biodegradable polymers segment is estimated to dominate the market for lactic acid, on the basis of application, in terms of value, in 2020. In recent years, the use of lactic acid in biodegradable polymers is growing significantly, mainly due to the rise in awareness among consumers and increased consumption of biodegradable plastic packaging in the food application segment.
Based on application, the polylactic acid market is dominated by the packaging. The packaging segment is projected to dominate the polylactic acid market. PLA has numerous competitive advantages in the packaging industry over petrochemical-based polymers, as they are biodegradable and obtained from 100% natural sources. This helps in reducing greenhouse gas emissions, lowering carbon footprints, and easy manipulation of structure-property-processing relations during production.
The North American region accounted for the largest share in 2019, in terms of value, in the global lactic acid market, whereas the Asia Pacific region is projected to be the fastest growing in the global lactic acid market. The market growth in the Asia Pacific region is mainly due to the increase in consumption of processed food, in which lactic acid is used as one of the major additives that enhance the shelf life of processed and packaged foods.
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Leading companies dominating the polylactic acid market include Corbion (Netherlands), Cargill (US), Galactic (Belgium), Unitika (Japan), and DuPont (US), which have a significant presence in North America and Europe due to higher demand in packaging applications in these regions.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Corbion (Netherlands), DuPont (US), Cargill (US), Galactic (Belgium), DOW (US), Unitika (Japan), Henan Jindan Lacic Acid Technology (China), Sulzer (Switzerland), Mushashino Chemical (Japan), Vigon International (US), Henan Xinghan Biology Technology (China), Danimer Scientific (US), COFCO BioChemical (China), Jungbunzlauer (Switzerland), FoodChem International (China), Vaishnavi Biotech (India), Spectrum Chemicals (US), Godavari Bio-refineries (India), ProAgro GmbH (Austria), and Qingdao Abel Technology (US).
Reports and Data published a new report titled global Xylanase Market research report that delivers a close watch on changing market trends as well as the size of individual segments, and overall industry outlook.
The detailed elaboration of the global Xylanase market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique.
Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.The Global Xylanase Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing.
The report utilizes advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4633Market Overview:The food and beverage industry is involved in transforming raw food materials into consumer food products.
The sector includes groceries, oils and fats, food additives, functional foods and beverages, canned food, packaged foods, health and natural foods, baby food, animal food, syrup, baked food, soft drinks, alcoholic and non-alcoholic drinks, energy drinks, and packaging.
The companies in this industry are looking for innovations in food that meet the changing consumer’s preferences in terms of global flavors, and varieties.
The ‘Global Polybutyrate Market’ Report recently published by Reports and Data provides a comprehensive examination of the critical development patterns found in the business.
The report is an exclusive document containing valuable data and information about the growth of the industry.
The report includes beneficial insights about the market dynamics, profit margins, market share, gross revenue, and other fundamental segments of the market for the forecast period of 2020-2027.
The report includes the impact of the COVID-19 pandemic on the Polybutyrate industry.
The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis.
The report explores the present and future impact of the pandemic and provides an insight into the market scenario in the post-pandemic world.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1997The key companies operating in the Polybutyrate market are as follows:BASF SE, Lotte Fine Chemicals Co. Ltd., Nova SPA, Eastman Chemical Company, Far Eastern New Century Corporation, Biome Bioplastics, WILLEAP, Jiangsu Torise biomaterials Co. Ltd., Toray Industries, and Danimer Scientific, among others.Key Aspects of the Polybutyrate Market Report:Extensive Analysis of the Regional Landscape: The report extensively studies the major geographical regions for the analysis of market size, share, growth, and trends.
The market across Europe is estimated to register the highest CAGR of 15.5% during the forecast period.
However, the market across Europe is estimated to hold the lion’s share throughout the forecast period.As per the report published by Allied Market Research, the global biodegradable plastic market is estimated to reach $4.2 billion by 2027, registering at a CAGR of 13.3% from 2020 to 2027.
The report highlights the market potential, market characteristics, growth by segmentation, and competitive landscape.Request Free Sample Report Now: https://www.linkedin.com/feed/update/urn:li:activity:6836178075059810304Eswara Prasad, Manager, Material and Chemicals at Allied Market Research, stated, “Increase in demand for biodegradable plastic in food packaging application, eco-friendly nature and rise in adoption of biodegradable plastic, and favorable government policies toward bio-plastic have boosted the growth of the global biodegradable plastic market.
On the contrary, surge in CSR activities and reduction in dependance on petroleum resources would unlock new opportunities for the market players in the coming years.”Covid-19 pandemic impact on the market:During the Covid-19 pandemic, the demand for biodegradable plastic increased for making masks, PPEs, and other products.
Moreover, awareness regarding the impact of plastic on the environment increased during the crisis.To reduce the use of disposable plastic and minimize the alarming situations that could cause by excess use of plastic, the demand for biodegradable plastic is expected to surge post-pandemic.The global biodegradable plastic market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA.
However, the market across Europe is estimated to hold the lion’s share throughout the forecast period.Download Brochure: https://www.facebook.com/alliedmarketresearch/photos/a.228006404029264/2018294955000391The global biodegradable plastic market is divided on the basis of plastic type and application.Based on plastic type, the PLA segment is projected to register the highest CAGR of 13.9% during the forecast period.
Polyhydroxyalkanoates (PHA) market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Polyhydroxyalkanoates (PHA) market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Polyhydroxyalkanoates (PHA) market is segmented into:PHA monomersPHA co-polymersPHA terpolymersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61088/global-united-states-polyhydroxyalkanoates-2026-3Segment by Application, the Polyhydroxyalkanoates (PHA) market is segmented into:PackagingFood servicesBio medicalAgricultureOthersRegional and Country-level Analysis:The Polyhydroxyalkanoates (PHA) market is analysed and market size information is provided by regions (countries).The key regions covered in the Polyhydroxyalkanoates (PHA) market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Polyhydroxyalkanoates (PHA) Market Share Analysis:Polyhydroxyalkanoates (PHA) market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by TypeDownload FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-bioadhesive-2021-54 Plant BasedAnimal Based Segment by Application PackagingConstructionPersonal CareMedicalPaperOthers By Company Danimer ScientificHenkelEcosynthetixParameltDowDuPontAshland3MAdhesives ResearchAdhbioYparex Production by Region North AmericaEuropeChinaJapan Consumption by Region North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGet the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-bioadhesive-2021-54Table of content1 Bioadhesive (Green Adhesive) Market Overview1.1 Product Overview and Scope of Bioadhesive (Green Adhesive)1.2 Bioadhesive (Green Adhesive) Segment by Type1.2.1 Global Bioadhesive (Green Adhesive) Market Size Growth Rate Analysis by Type 2021 VS 20271.2.2 Plant Based1.2.3 Animal Based1.3 Bioadhesive (Green Adhesive) Segment by Application1.3.1 Global Bioadhesive (Green Adhesive) Consumption Comparison by Application: 2016 VS 2021 VS 20271.3.2 Packaging1.3.3 Construction1.3.4 Personal Care1.3.5 Medical1.3.6 Paper1.3.7 Others1.4 Global Market Growth Prospects1.4.1 Global Bioadhesive (Green Adhesive) Revenue Estimates and Forecasts (2016-2027)1.4.2 Global Bioadhesive (Green Adhesive) Production Capacity Estimates and Forecasts (2016-2027)1.4.3 Global Bioadhesive (Green Adhesive) Production Estimates and Forecasts (2016-2027)1.5 Global Bioadhesive (Green Adhesive) Market by Region1.5.1 Global Bioadhesive (Green Adhesive) Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 20271.5.2 North America Bioadhesive (Green Adhesive) Estimates and Forecasts (2016-2027)1.5.3 Europe Bioadhesive (Green Adhesive) Estimates and Forecasts (2016-2027)1.5.5 China Bioadhesive (Green Adhesive) Estimates and Forecasts (2016-2027)1.5.5 Japan Bioadhesive (Green Adhesive) Estimates andCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Follow Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
