Polylactic Acid Market Size Poised To Reach USD 2,772.93 Million By 2030
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpzkJfFx_c8kUY5xiYt6lLrqphpZa2ORM6GPvEKsSpzojD4rN387i00oz4R3ByLD8a3vcYUvfJpCeW3NgXyq57R4vv5q2cCfvJ7eJ7fsngdn7ALYj8UYn2QRu445CoW-rzW55IzwOZQP_hpxVzHgFS2OuiTFGDWGYyk4raK8zGlihNha6tQRub12_iX9Lu/s320/Polylactic%20Acid%20Market.png)
San Francisco, 19 Dec 2023: The Report Polylactic Acid Market Size, Share & Trends Analysis Report By End-use (Packaging, Agriculture, Automotive & Transport, Electronics, Textile), By Region (North America, Asia Pacific), And Segment Forecasts, 2023 - 2030 The global polylactic acid market size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 21.4% over the forecast period, according to a new study by Grand View Research, Inc. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible