HOME Top Market Reports Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile) & Geography - Global Trends & Forecasts to 2019

Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile) & Geography - Global Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: August 2014
Report Code: FB 2647

 

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Lactic acid is the simplest hydroxyl-carboxylic acid with an asymmetrical carbon atom. The main applications of lactic acid lie in the biodegradable polymer, food and beverage, personal care product, and pharmaceutical industries. Lactic acid is used in the production of PLA plastics, which are mainly used in packaging products that comply with the environmental norms. Expansion of the PLA market is projected to fuel the growth of the lactic acid market. The increasing demands for environment-friendly products in the market, and the high cost of products derived from petrochemical feed stocks are projected to drive the demand for lactic acid in the near future.

PLA has emerged as one of the most popular biodegradable plastics available in the market. PLA finds significant number of applications in the food packaging industry, especially in frozen foods, ready-to-eat meals, and cutlery. Increasing awareness regarding the consequences on the environment as a result of the use of conventional plastic packaging is projected to drive the demand for PLA. Europe is the most dominant market for PLA; while Asia-Pacific, owing to significant domestic demand, is projected to be the fastest-growing market in the next five years.

The polylactic acid market is projected to be worth $5,010.7 million by 2019, and is projected to grow at a CAGR of 20.8% in the next five years. The lactic acid market is estimated to grow at a CAGR of 18.8% from 2014 to reach $3,577.5 million by 2019.

The lactic acid market report provides a comprehensive review of main market drivers, challenges, and key issues in the market. Both the markets are further segmented and projected for the main geographical regions, North America, Europe, Asia-Pacific, and Rest of the World. The market is further segmented on the basis of the key countries in the region.

Annual Polylactic Acid Market Size Analysis, 2012–2019 ($Million)

Lactic acid and Polylactic acid market

E - Estimated; P - Projected

Source: MarketsandMarkets Analysis

The lactic acid market projected to exceed $3,577.5 Million and Polylactic acid market is $5,010.7 million by 2019, respectively. The report provides qualitative analyses of the leading players in both the markets. It also enumerates the development strategies preferred by the leading market players. The market dynamics in terms of drivers, restraints, opportunities, and challenges are discussed in detail in the report. The key players such as Galactic (Belgium), NatureWorks LLC (U.S), BASF SE (Germany), Purac (Netherlands), and Synbra Technology BV (The Netherlands) and so on have been profiled in this report.

Scope of the Report

This report focuses on the markets for lactic acid and polylactic acid (PLA), which are respectively segmented on the basis of applications and geography.

Lactic acid market

On the basis of application:

  • Biodegradable polymers
  • Food & beverages
  • Personal care products
  • Pharmaceuticals
  • Others

On the basis of geography:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Polylactic acid (PLA) market

On the basis of application:

  • Packaging
  • Agriculture
  • Automobile
  • Electronics
  • Textile
  • Others

On the basis of geography:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Table of Contents 
 
1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodlogy
          1.5.1 Market Size Estimation
                  1.5.1.1 Market Crackdown & Data Triangulation
                  1.5.1.2 Assumptions Made for the Report
                              1.5.1.2.1 Periodization Considered for the Lactic Acid and Polylactic Acid (Pla) Markets
                  1.5.1.3 Key Data Taken From Secondary Sources
                  1.5.1.4 Key Data Taken From Primary Sources

2 Executive Summary (Page No. - 34)

3 Premium Insights (Page No. - 37)

4 Industry Analysis (Page No. - 47)
    4.1 Introduction
          4.1.1 Lactic Acid Market
          4.1.2 Polylactic Acid (Pla) Market
    4.2 Core Industry Analysis
          4.2.1 Industrial Biotechnology-Based Chemicals
          4.2.2 Supply Chain Analysis
    4.3 Market Share Analysis of the Lactic Acid Market
    4.4 Market Share Analyis of the Polylactic Acid Market
 
5 Market Overview (Page No. - 54)
    5.1 Introduction
    5.2 Evolution of the Lactic Acid Market
    5.3 Evolution of the Polylactic Acid Market
    5.4 Related Markets
    5.5 Market Statistics

6 Market Analysis (Page No. - 58)
    6.1 Introduction
    6.2 Burning Issue for the Lactic Acid & Polylactic Acid Markets
          6.2.1 Economies of Scale Are Required to Meet Demand
    6.3 Winning Imperative for the Lactic Acid & Polylactic Acid Market
          6.3.1 Expansion Strategy Caters to the Demand in the Market
    6.4 Lactic Acid Market Dynamics
          6.4.1 Drivers
                  6.4.1.1 Growth in the End-User Applications
                  6.4.1.2 Increase in Demand for Lactic Acid-Based Personal Care Products
          6.4.2 Restraint
                  6.4.2.1 Volatility of Raw Material Prices
          6.4.3 Opportunity
                  6.4.3.1 Growing Application of Lactic Acid for Manufacturing of Pla
          6.4.4 Porter’s Five forces Analysis
                  6.4.4.1 Degree of Competition
                  6.4.4.2 Bargaining Power of Buyers
                  6.4.4.3 Bargaining Power of Suppliers
                  6.4.4.4 Threat of Substitutes
                  6.4.4.5 Threat of New Entrants 
    6.5 Polylactic Acid Market Dynamics
          6.5.1 Drivers
                  6.5.1.1 Increasing Consumer Preferences towards Eco-Friendly Packaging
                  6.5.1.2 Rising Crude Oil Prices
          6.5.2 Restraint
                  6.5.2.1 Price Competitiveness Against Conventional Polymers
          6.5.3 Opportunities
                  6.5.3.1 Production of Pla From Lignocellulose Feedstocks
                  6.5.3.2 Increasing Scope of Applications in End-User Industries
          6.5.4 Porter’s Five forces Analysis
                  6.5.4.1 Degree of Competition
                  6.5.4.2 Bargaining Power of Buyers
                  6.5.4.3 Bargaining Power of Suppliers
                  6.5.4.4 Threat of Substitutes
                  6.5.4.5 Threat of New Entrants

7 Lactic Acid Market, By Application (Page No. - 78)
    7.1 Introduction
    7.2 Biodegradable Polymers
    7.3 Food & Beverages
    7.4 Pharmaceuticals
    7.5 Personal Care Products
    7.6 Other Applications

8 Lactic Acid Market, By Geography (Page No. - 92)
    8.1 Introduction
    8.2 North America
          8.2.1 U.S.
          8.2.2 Canada
          8.2.3 Mexico
    8.3 Europe
          8.3.1 Germany
          8.3.2 U.K.
          8.3.3 France
          8.3.4 Italy
          8.3.5 Belgium
          8.3.6 Netherlands
          8.3.7 Rest of Europe
    8.4 Asia-Pacific
          8.4.1 China
          8.4.2 Japan
          8.4.3 Australia-New Zealand
          8.4.4 Thailand
          8.4.5 Rest of Asia-Pacific
    8.5 Rest of the World (Row)
          8.5.1 Brazil
          8.5.2 Middle East
          8.5.3 Other Row Countries

9 Polylactic Acid Market, By Application (Page No. - 141)
    9.1 Introduction
    9.2 Packaging
          9.2.1 Rigid Packaging
          9.2.2 Compost Bags
          9.2.3 Loose Fill Packaging
    9.3 Agriculture
    9.4 Automobile
    9.5 Electronics
    9.6 Textiles
    9.7 Other Applications
 
10 Polylactic Acid Market, By Geography (Page No. - 159)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 U.K.
             10.3.2 Italy
             10.3.3 France
             10.3.4 Germany
             10.3.5 Belgium
             10.3.6 Netherlands
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 Australia-New Zealand
             10.4.4 Thailand
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World (Row)
             10.5.1 Brazil
             10.5.2 Middle East
             10.5.3 Other Row Countries

11 Competitive Landscape (Page No. - 206)
     11.1 Introduction 
                11.1.1 Lactic Acid & Polylactic Acid Market: Development Trends
     11.2 Key Strategies
     11.3 Agreements, Partnerships & Collaborations
     11.4 Expansions
     11.5 Acquisitions & Investments
     11.6 New Product Launches

12 Company Profiles (Page No. - 218)
     (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)* 
     12.1 Basf Se
     12.2 Corbion Purac
     12.3 Danimer Scientific Llc
     12.4 Galactic S.A.
     12.5 Henan Jindan Lactic Acid Technology Co., Ltd
     12.6 Natureworks Llc
     12.7 Synbra Technology B.V.
     12.8 Teijin Ltd
     12.9 The Dow Chemical Company
     12.10 Wei Mon Industry Co., Ltd.

*Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies. 


List of Tables (138 Tables)

Table 1 Lactic & Polylactic Acid Market Estimation
Table 2 Lactic Acid Production Capacity, By Company, 2012-2014 (Tons/Year) 
Table 3 Pla Production Capacity, By Company, 2012-2014 (Tons/Year)
Table 4 Evolution of the Lactic Acid Market
Table 5 Evolution of the Polylactic Acid Market
Table 6 Lactic Acid Market Size, By Application, 2012-2019 ($Million)
Table 7 Market Size, By Application, 2012-2019 (Kt)
Table 8 Lactic Acid in Biodegradable Polymers Market Size, By Geography, 2012–2019 ($Million) 
Table 9 Lactic Acid in Biodegradable Polymers Market Size, By Geography, 2012–2019 (Kt) 
Table 10 Lactic Acid in Food & Beverages Market Size, By Geography, 2012–2019 ($Million)
Table 11 Market Size, By Geography, 2012–2019 (Kt)
Table 12 Lactic Acid in Pharmaceuticals Market Size, By Geography, 2012–2019 ($Million)
Table 13 Market Size, By Geography, 2012–2019 (Kt)
Table 14 Lactic Acid in Personal Care Products Market Size, By Geography, 2012–2019 ($Million) 
Table 15 Market Size, By Geography, 2012–2019 (Kt) 
Table 16 Lactic Acid in Other Applications Market Size, By Geography, 2012–2019 ($Million)
Table 17 Market Size, By Geography, 2012–2019 (Kt)
Table 18 Lactic Acid Market Size, By Geography, 2012-2019 ($Million)
Table 19 Market Size, By Geography, 2012-2019 (Kt)
Table 20 North America: Market Size, By Country, 2012-2019 ($Million) 
Table 21 North America: Market Size, By Country, 2012-2019 (Kt) 
Table 22 U.S. Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 23 U.S.: Market Size, By Application, 2012–2019 (Kt)
Table 24 Canada: Market Size, By Application, 2012-2019 ($Million) 
Table 25 Canada: Market Size, By Application, 2012–2019 (Kt) 
Table 26 Mexico Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 27 Mexico: Market Size, By Application, 2012–2019 (Kt) 
Table 28 Europe Lactic Acid Market Size, By Country, 2012-2019 ($Million) 
Table 29 Europe: Market Size, By Country, 2012-2019 (Kt)
Table 30 Germany Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 31 Germany: Market Size, By Application, 2012–2019 (Kt) 
Table 32 U.K. Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 33 U.K.: Market Size, By Application, 2012–2019 (Kt)
Table 34 France: Market Size, By Application, 2012-2019 ($Million) 
Table 35 France: Market Size, By Application, 2012–2019 (Kt) 
Table 36 Italy: Market Size, By Application, 2012-2019 ($Million) 
Table 37 Italy: Market Size, By Application,
Table 38 2012–2019 (Kt)
Table 39 Belgium: Market Size, By Application, 2012-2019 ($Million) 
Table 40 Belgium: Market Size, By Application, 2012–2019 (Kt) 
Table 41 Netherlands: Market Size, By Application, 2012–2019 ($Million) 
Table 42 Netherlands: Market Size, By Application, 2012-2019 (Kt) 
Table 43 Rest of Europe: Market Size, By Application, 2012-2019 ($Million) 
Table 44 Rest of Europe: Market Size, By Application, 2012–2019 (Kt) 
Table 45 Asia-Pacific Lactic Acid Market Size, By Country/Region, 2012-2019 ($Million)
Table 46 Asia-Pacific: Market Size, By Country/Region, 2012-2019 (Kt)
Table 47 China Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 48 China: Market Size, By Application, 2012–2019 (Kt)
Table 49 Japan Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 50 Japan: Market Size, By Application, 2012–2019 (Kt)
Table 51 Australia-New Zealnd: Market Size, By Application, 2012-2019 ($Million) 
Table 52 Australia-New Zealand: Market Size, By Application, 2012–2019 (Kt) 
Table 53 Thailand Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 54 Thailand: Market Size, By Application, 2012–2019 (Kt) 
Table 55 Rest of Asia-Pacific Lactic Acid Market Size, By Application, 2012-2019 ($Million)
Table 56 Rest of Asia Pacific: Market Size, By Application, 2012-2019 (Kt)
Table 57 Row: Market Size, By Country/Region, 2012-2019 ($Million) 
Table 58 Row: Market Size, By Country/Region, 2012–2019 (Kt) 
Table 59 Brazil Lactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 60 Brazil: Market Size, By Application, 2012–2019 (Kt)
Table 61 Middle East: Market Size, By Application, 2012-2019 ($Million) 
Table 62 Middle East: Market Size, By Application, 2012–2019 (Kt) 
Table 63 Other Row Countries: Market Size, By Application, 2012-2019 ($Million) 
Table 64 Other Row Countries: Market Size, By Application, 2012–2019 (Kt) 
Table 65 Polylactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 66 Polylactic Acid Market Size, By Application, 2012-2019 (Kt)
Table 67 Polylactic Acid in Packaging Market Size, By Geography, 2012–2019 ($Million)
Table 68 Polylactic Acid in Packaging Market Size, By Geography, 2012–2019 (Kt)
Table 69 Polylactic Acid in Agriculture Market Size, By Geography, 2012–2019 ($Million)
Table 70 Polylactic Acid in Agriculture Market Size, By Geography, 2012–2019 (Kt)
Table 71 Polylactic Acid in Automobile Market Size, By Geography, 2012–2019 ($Million)
Table 72 Polylactic Acid in Automobile Market Size, By Geography, 2012–2019 (Kt)
Table 73 Polylactic Acid in Electronics Market Size, By Geography, 2012–2019 ($Million)
Table 74 Polylactic Acid in Electronics Market Size, By Geography, 2012–2019 (Kt)
Table 75 Polylactic Acid in Textiles Market Size, By Geography, 2012–2019 ($Million) 
Table 76 Polylactic Acid in Textiles Market Size, By Geography, 2012–2019 (Kt) 
Table 77 Polylactic Acid in Other Applicatons Market Size, By Geography, 2012-2019 ($Million) 
Table 78 Polylactic Acid in Other Applications Market Size, By Geography, 2012–2019 (Kt) 
Table 79 Polylactic Acid Market Size, By Geography, 2012-2019 ($Million) 
Table 80 Market Size, By Geography, 2012-2019 (Kt)
Table 81 North America: Polylactic Acid Market Size, By Country, 2012-2019 ($Million)
Table 82 North America: Market Size, By Country, 2012-2019 (Kt)
Table 83 U.S.: Polylactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 84 U.S.: Market Size, By Application, 2012–2019 (Kt) 
Table 85 Canada: Polylactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 86 Canada: Market Size, By Application, 2012–2019 (Kt) 
Table 87 Mexico: Market Size, By Application, 2012-2019 ($Million) 
Table 88 Mexico: Market Size, By Application, 2012–2019 (Kt) 
Table 89 Europe Polylactic Acid Market Size, By Country, 2012-2019 ($Million) 
Table 90 Europe:Market Size, By Country, 2012-2019 (Kt) 
Table 91 U.K. Polylactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 92 U.K.: Market Size, By Application, 2012–2019 (Kt)
Table 93 Italy: Market Size, By Application, 2012-2019 ($Million) 
Table 94 Italy: Market Size, By Application, 2012–2019 (Kt) 
Table 95 France: Market Size, By Application, 2012-2019 ($Million) 
Table 96 France: Market Size, By Application, 2012–2019 (Kt) 
Table 97 Germany: Market Size, By Application, 2012-2019 ($Million) 
Table 98 Germany: Market Size, By Application, 2012–2019 (Kt) 
Table 99 Belgium: Market Size, By Application, 2012-2019 ($Million) 
Table 100 Belgium: Market Size, By Application, 2012–2019 (Kt) 
Table 101 Netherlands: Market Size, By Application, 2012–2019 ($Million)
Table 102 Netherlands: Market Size, By Application, 2012-2019 (Kt)
Table 103 Rest of Europe: Market Size, By Application, 2012-2019 ($Million)
Table 104 Rest of Europe: Market Size, By Application, 2012–2019 (Kt)
Table 105 Asia-Pacific: Market Size, By Country/Region, 2012-2019 ($Million)
Table 106 Asia-Pacific: Market Size, By Country/Region, 2012-2019 (Kt)
Table 107 China: Market Size, By Application, 2012-2019 ($Million) 
Table 108 China: Market Size, By Application, 2012–2019 (Kt) 
Table 109 Japan Polylactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 110 Japan: Market Size, By Application, 2012–2019 (Kt) 
Table 111 Australia-New Zealand: Market Size, By Application, 2012-2019 ($Million) 
Table 112 Australia-New Zealand: Market Size, By Application, 2012–2019 (Kt) 
Table 113 Thailand: Market Size, By Application, 2012-2019 ($Million) 
Table 114 Thailand: Market Size, By Application, 2012–2019 (Kt) 
Table 115 Rest of Asia-Pacific: Market Size, By Application, 2012-2019 ($Million) 
Table 116 Rest of Asia-Pacific: Market Size, By Application, 2012-2019 (Kt) 
Table 117 Row Polylactic Acid Market Size, By Country/Region, 2012-2019 ($Million) 
Table 118 Row: Market Size, By Country/Region, 2012–2019 (Kt) 
Table 119 Brazil Polylactic Acid Market Size, By Application, 2012-2019 ($Million) 
Table 120 Brazil: Market Size, By Application, 2012–2019 (Kt) 
Table 121 Middle East Polylactic Acid Market Size, By Application, 2012-2019 ($Million)
Table 122 Middle East: Market Size, By Application, 2012–2019 (Kt)
Table 123 Other Row Countries: Market Size, By Application, 2012-2019 ($Million) 
Table 124 Other Row Countries: Market Size, By Application, 2012–2019 (Kt) 
Table 125 Agreements, Partnership & Collaborations, 2009-2013
Table 126 Expansions, 2009-2014
Table 127 Acquisitions & investments, 2011-2013
Table 128 New Product Launches, 2009-2011
Table 129 Basf: Products & Their Descriptions
Table 130 Corbion Purac: Products & Their Description
Table 131 Danimer Scientific: Products & Their Descriptions
Table 132 Galactic: Products &Their Descriptions
Table 133 Henan: Products &Their Descriptions
Table 134 Natureworks: Products & Their Descriptions
Table 135 Synbra Technology Bv: Products & Their Descriptions
Table 136 Teijin: Product & Their Descriptions
Table 137 Dow Chemicals: Products & Their Descriptions
Table 138 Wei Mon: Products & Their Descriptions


List of Figures (33 Figures)

Figure 1 Research Methodology
Figure 2 Lactic Acid Market Size Estimation Methodology
Figure 3 Polylactic Acid Market Size Estimation Methodology
Figure 4 Lactic Acid Market Size, By Geography, 2013 ($Million)
Figure 5 Polylactic Acid Market Size, By Geography, 2013 ($Million)
Figure 6 Lactic Acid & Polylactic Acid Market Segmentation
Figure 7 Lactic Acid Market Size, By Geography, 2013 Vs. 2019 ($Million) 
Figure 8 Polylactic Acid Market Size, By Geography, 2013 Vs. 2019 ($Million) 
Figure 9 Life Cycle of The Lactic Acid Market (Value), By Geography, 2013 Vs. 2019
Figure 10 Life Cycle of The Polylactic Acid Market (Value), By Geography, 2013 Vs. 2019 
Figure 11 Lactic Acid Market Size, By Application, 2013 ($Million)
Figure 12 Polylactic Acid Market Size, By Application, 2013 ($Million)
Figure 13 Lactic Acid Market Dynamics
Figure 14 Polylactic Acid Market Dynamics
Figure 15 Annual Polylactic Acid Market Development Trend, By Growth Strategy, 2009-2014 
Figure 16 Supply Chain Analysis of The Lactic Acid & Polylactic Acid industry
Figure 17 Lactic Acid Market Share Analysis, 2013
Figure 18 Polylactic Acid Market Share Analysis, 2013
Figure 19 Lactic Acid & Polylactic Acid Market Segmentation
Figure 20 Lactic Acid Market Dynamics
Figure 21 Porter’s Five forces Analysis of the Lactic Acid Market
Figure 22 Polylactic Acid Market Dynamics
Figure 23 Porter’s Five forces Analysis of the Polylactic Acid Market
Figure 24 Market Share (Value), By Application, 2013
Figure 25 Market Size, By Geography, 2014 ($Million)
Figure 26 Annual Lactic Acid & Polylactic Acid Market Development Trend, 2009-2014
Figure 27 Annual Lactic Acid & Polylactic Acid Market Development Analysis, By Growth Strategy, 2009–2014
Figure 28 Lactic Acid & Polylactic Acid Market Share (Developments), By Company, 2009–2014
Figure 29 Basf: Swot Analysis
Figure 30 Corbion Purac : Swot Analysis
Figure 31 Natureworks.: Swot Analysis
Figure 32 Teijin: Swot Analysis
Figure 33 Dow Chemicals: Swot Analysis

Lactic acid is used in the production of PLA plastics, which are mainly used in packaging products that comply with the environmental norms. Expansion of the PLA market is projected to fuel growth in the lactic acid market. The global lactic acid market is presently experiencing strong growth, which is mainly achieved by the rising demand from its end-user applications. These end-user applications mainly comprise industrial applications such as biodegradable polymers, food and beverages segment, and personal care industry and are projected to drive the growth over the next few years. Over the last five years, the industrial applications segment has registered a strong demand, especially in the biodegradable polymer segment (PLA).

With increasing focus on sustainability, favorable government regulations for green procurement policies, the polylactic acid market will witness a significant opportunity in packaging applications for consumer goods. The packaging application is projected to witness significant growth, which includes compostable waste bags, biodegradable mulch films, catering products, film packaging, and rigid packaging. Compostable waste bags can be used in collecting organic waste, and therefore reduces landfills by improving composting process and compost quality. Biodegradable mulch films have an extensive application in agriculture and reduce the labor and disposable cost (by directly disposing it in field after usage). Catering food products is a large segment of the food service sector and an important application of PLA plastics, which includes trays, cutlery, and cups.

Lactic Acid Market Size Trend, by Application, 2013 Vs. 2019 ($Million)

Lactic acid and Polylactic acid market

P - Projected

Source: MarketsandMarkets Analysis

The market for biodegradable polymers is projected to grow with an increase in demand. The market is projected to be valued at $529.5 million by 2019. The food & beverage segment is the second-largest application for lactic acid.

Polylactic Acid Market Size Trend, by Application, 2013 Vs. 2019 ($Million)

Lactic acid and Polylactic acid market

P - Projected

Source: MarketsandMarkets Analysis

The market for packaging is projected to be valued at $994.9 million by 2019. The textile segment is projected to account for the second-largest share in the polylactic acid market.

The report provides a comprehensive review of the main market drivers, challenges, and key issues in the respective markets. The markets are further segmented and projected for key geographic regions, which are North America, Europe, Asia-Pacific, and Rest of the World. The top players of the industries have been profiled in detail with their recent developments and other strategic industry activities discussed.

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