Report Description

This report analyzes and forecasts the market for lactic acid and polylactic acid at the global, regional, and country level. The market has been forecast based on volume (Kilo Tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global lactic acid and polylactic acid market. It also covers the impact of these drivers and restraints on the demand for lactic acid and polylactic acid during the forecast period. Additionally, the report highlights opportunities in the lactic acid and polylactic acid markets globally and regionally.

The report includes a detailed value chain analysis, which provides a comprehensive view of the global lactic acid and polylactic acid markets. Porter’s Five Forces Model for both lactic acid and polylactic acid markets has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

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Scope

Increasing demand for polylactic acid in the packaging industry is anticipated to drive the global polylactic acid market in the next few years. Emergence of bio-based plastics and increased usage of these plastics in the packaging of food and beverages is projected to provide opportunities for the polylactic acid market in the next six years. Besides this, the manufacture of lactic acid through alternative raw material sources such as lignocellulosic materials is expected to offer key opportunities to the lactic acid market during the forecast period.

Key Players

Key manufacturers of lactic acid and polylactic acid include Corbion NV, NatureWorks LLC, Henan Jindan Lactic Acid Technology Co., Ltd., Archer Daniels Midland Company, Synbra Technology BV, Zhejiang Hisun Biomaterials Co., Ltd., Teijin Ltd., Galactic, and Futerro.

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