1 / 8

Bio-polylactic Acid (PLA) Market to Reach $910 Million, Globally by 2023

Bio-polylactic Acid (PLA) Market by Technology and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global bio-PLA films market was valued at $354 million in 2016, and is estimated to reach $910 million by 2023, registering a CAGR of 14.5% from 2017 to 2023. In 2016, the multilayer segment accounted for more than half of the share of overall bio-PLA films market.<br>

srushtih123
Download Presentation

Bio-polylactic Acid (PLA) Market to Reach $910 Million, Globally by 2023

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Opportunity Analysis and Industry Forecast, 2016-2023 Bio-polylactic Acid (PLA) Films Market : Where to Invest Next ? Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Bio-polylactic Acid (PLA) Market “Technological advancements, such as multilayer PLA films and atomic layer deposition (ALD), are expected to boost market growth during the forecast period.” 

  3. Bio-polylactic Acid (PLA) Market Overview According to a new report published by Allied Market Research, titled, Bio-polylactic Acid (PLA) Market by Technology and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global bio-PLA films market was valued at $354 million in 2016, and is estimated to reach $910 million by 2023, registering a CAGR of 14.5% from 2017 to 2023. In 2016, the multilayer segment accounted for more than half of the share of overall bio-PLA films market. Access Full Summary at: https://www.alliedmarketresearch.com/bio-polylactic-acid-PLA-films-market PLA is a bioplastic generally derived from animal feed corn that can be used for different purposes, including cold drink cups, deli and takeout containers, and fresh produce packaging. These films are also used to wrap organic food and premium & branded products. 

  4. Bio-polylactic Acid (PLA) Market Positive growth indicators in the food & beverage industry and increase in demand for food packaging for prolonged preservation drive the bio-PLA films market. Moreover, rapid adoption of these films as a synthetic plastic in agricultural applications, such as cultivation of soft fruits and vegetables, has reduced harsh environmental impacts, leading to market growth. However, high product cost in comparison with synthetic and semi-synthetic films restrains the growth. In addition, relatively low vapor barrier and mechanical properties of the product may hamper industry growth in the future. The report emphasizes on the different type of technologies used in the market, which include sol-gel, atomic layer deposition (ALD), and multilayer. Based on end user, the market is classified into food & beverages, home & personal care, pharmaceuticals, agriculture, and others. 

  5. Bio-polylactic Acid (PLA) Market, Snapshot Pharmaceuticals and food & beverages segments are lucrative sectors for investment in the market, followed by the agriculture segment. In pharmaceuticals, the nontoxic and non-carcinogenic effects of polylactic acid on the human body make it an acceptable candidate for biopharmaceuticals application such as in sutures, clips, and drug delivery systems (DDS). In food & beverages, it is used in packaging systems such as form-fill-seal yogurt containers or coffee capsules that desire performance attributes such as compostability.  In 2016, Europe dominated the global bio PLA films market, in terms of both value and volume. However, Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023, owing to the increase in product demand for food packaging and medical applications. In addition, surge in consumer awareness and government support towards use of environment-friendly products boost the growth, particularly in countries such as China, India, Japan, and Thailand.

  6. Key Benefits of Bio-polylactic Acid (PLA) Market • This report provides an extensive analysis of the current and emerging market trends & dynamics of the global bio-PLA films market. • Trend analysis for all the regions is done by constructing estimations for key segments from 2017 to 2023 to identify the prevailing opportunities. • The report assists to understand the strategies adopted by the leading companies in the industry. • It evaluates competitive landscape of the bio-PLA films industry to understand the global market scenario. • Extensive analysis is conducted by key player positioning and monitoring the top competitors in the global market. 

  7. Bio-polylactic Acid (PLA) Market North America Europe Asia-Pacific LAMEA

  8. Bio-polylactic Acid (PLA) Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/request-sample/3267 Follow Us On

More Related