Market Revenue Lactic Acid and Polylactic Acid Industry

Lactic Acid and Polylactic Acid Industry Regional Movement
Analysis, Revenue Estimates From 2014-2025
“Lactic Acid & Polylactic Acid Market is anticipated to reach USD 9.8 billion
and USD 6.5 billion respectively by 2025. Growing demand for environmental
friendly packaged products and awareness is expected to drive the market
growth over the forecast period.”
The global Lactic Acid & Polylactic Acid Market is anticipated to reach USD 9.8 billion and USD 6.5 billion
respectively by 2025. Growing demand for environmental friendly packaged products and awareness is
expected to drive the market growth over the forecast period. Global lactic acid market is expected to grow at
a CAGR of 16.2% from 2017 to 2025. Lactic acid is a colorless syrupy liquid with alcohol and water that is
produced from raw materials including carbohydrates such as sugarcane, tapioca, corn and sugar beet. It
involves fermentation of carbohydrates in presence of calcium carbonate. Lactic acid is also used to develop
poly lactic acid(PLA). The production of PLA uses 68 percent less fossil fuel resources than traditional plastics
and it is the world's first greenhouse-gas-neutral polymer. It is one of the major sources of bio-resins use in
bioplastics.
PLA is derived from renewable resources. This organic compound is easily compostable and biodegradable,
subsequently minimizing environmental hazards including solid waste disposal. Growing demand for
biodegradable products is also expected to boost the market growth over the forecast period. However,
introduction of other renewable packaging alternatives in the market, for example agricultural natural fiber
products such as bagasse, bamboo, palm fiber bulrush. These alternatives are expected to restraint the market
growth since all these natural fibers are degradable and low cost, it’s reinforcement with PLA acts as an
opportunity which is ecological as well as economical. Rising crude oil price are also estimated to drive the global
PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products.
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