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.

The report analyzes the Polylactic Acid market by taking into consideration the key factors that drive or restrain the growth of the market. The report considers COVID-19 as one such factor. The report is furnished with the current market scenario and changes in the trends and dynamics of the industry with regard to the impact of the COVID-19 pandemic on the Polylactic Acid market. The report also strives to offer a futuristic outlook for remuneration and market growth in a post-COVID-19 scenario. It also includes the current and future impact of the pandemic on the Polylactic Acid business sphere and its key segments.

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Key Highlights From The Report

• Production of polylactic acid (PLA) consumes about 35.0% of energy than required for conventional plastics and causes 68.0% fewer GHG emissions. Besides, on incineration, it does not produce toxic volatile organic compounds (VOCs).
• Poly-L-lactic acid possesses a much slower absorption rate compared to PGA in orthopedic implants. The L (Levo) form of this bioplastic is highly crystalline, takes as much as 5 to 7 years for absorption.
• Fabrics produced from polylactic acid (PLA) fibers possess a better fire-resistant property and are appropriate to cater to the fire safety standards required for textiles deployed in public occupancy buildings’ interior furnishings. Typical textile products comprise cubicle curtains, drapery, wall coverings, and outdoor coverings like tents and tarpaulins.
• Key participants include 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, among others.

Polylactic Acid Market Segmentation:

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
  • Others

Regional Bifurcation includes:

• North America(U.S., Canada)
• Europe(U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific(India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America(Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Polylactic Acid Market Report:

• Analysis and forecast of the Global Polylactic Acid Market by segmentation of the market
• Analysis of various macro and micro-economic factors influencing the growth of the market
• Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
• Insights into drivers, restraints, opportunities, limitations, threats, and challenges
• Analysis of the key players operating in the industry
• Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Polylactic Acid (PLA) Market Segmentation & Impact Analysis
    4.1. Polylactic Acid (PLA) Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing demand for polylactic acid in the packaging sector
                    4.2.2.2. Surging demand for bio-polylactic acid in additive manufacturing
                    4.2.2.3. Growing preference for bio-plastics
                    4.2.2.4. Supportive government initiatives
                    4.2.2.5. Increased investment in R&D
          4.2.3. Market restraints analysis
                    4.2.3.1. Availability of substitutes
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

READ MORE…!

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