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Global Polylactic Acid (PLA) Market 2023

Global Polylactic Acid (PLA) Market 2023


The global polylactic acid (PLA) market size was valued at USD 1.1 billion in 2022. The market is projected to grow from USD 1.1 billion in 2022 to USD 2.4 billion by 2030, exhibiting a CAGR of 11.90% during the forecast period.

 

The increased need for bioplastic is what is causing the polylactic acid (PLA) industry to rise. Also, the government is putting policies into place, providing subsidies, and providing assistance to encourage the growing use of biodegradable products. In addition, the need to reduce pollution and protect the environment is one of the main factors encouraging more parties to use bioplastics rather than conventional plastic made from petroleum.


Read Comprehensive Overview of Report @ https://marketsnresearch.com/report/1676/global-polylactic-acid-pla-market


The market is further helped by technological developments, strong consumer demand from developing nations, and technological transfer from developed economies, which all help to fuel the expansion of the polylactic acid-using businesses in the textile, packaging, and electronics sectors.


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LIST OF KEY COMPANIES PROFILED:

·        Total Corbion PLA

·        NatureWorks LLC

·        SUPLA (JIANGSU SUPLA BIOPLASTICS CO.. LTD.)

·        Futerro

·        COFCO

·        Jiangxi Keyuan Bio-Material Co. Ltd

·        Shanghai Tong-Jie-Liang Biomaterials Co., Ltd.

·        Zhejiang Hisun Biomaterials Co., Ltd.

 

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