Polylactic Acid Market expected to advance at a CAGR of over 26.6% from 2022 to 2030
Polylactic Acid Industry Overview The global polylactic acid market size is expected to reach USD 2,709.61 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 26.6% from 2022 to 2030. The growth is mainly driven by the end-use industries such as agriculture, transport, and textile, the increasing popularity of quick-service restaurants, and changing consumer preferences that are fueling the growth of flexible packaging. The growing packaging sector is anticipated to create high opportunities for polylactic acid during the forecast period. Polylactic Acid Market Segmentation Grand View Research has segmented the global polylactic acid market on the basis of end-use and region: Based on the End-use Insights, the market is segmented into Packaging, Agriculture, Automotive & Transport, Electronics, Textile and Others. The packaging end-use segment accounted for the largest revenue share of over 36% in ...