PLA market booming

23-Sep-2014

The markets for polylactic acid (PLA) and lactic acid are experiencing high growth as consumers and manufacturers increase environmental awareness

The markets for polylactic acid (PLA) and lactic acid are experiencing high growth owing to increasing awareness among consumers and plastic manufacturers about the environment, according to a new report by MarketsandMarkets.

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The polylactic acid market is set to grow at a CAGR of 20.8 per cent over the next five years, says the analyst in the report, ‘Lactic Acid and Polylactic Acid Market by Application - Global Trends & Forecasts to 2019’.Both markets are driven by the existing key market players and new product launches are their preferred strategy to sustain competition, it says.

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