Global Lactic Acid & Poly Lactic Acid (PLA) Market - Industry Analysis Size Share Growth Trends and Forecast 2024 - 2031

Product Description

Lactic acid (2-hydroxy propanoic acid) is a colorless or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It is generally soluble with other liquids such as water and ethanol. It is found in abundance in nature. It is the most important acid ingredient of acerbic milk and a typical component of animals’ blood and muscle tissue. Poly lactic acid (PLA) is a biodegradable chemicals derived from high quality lactic acid (pure or refined lactic acid). It is one of the major sources of bio-resins use in bioplastics. The various application market of poly lactic acid (PLA) based plastic include, food and beverages packaging, consumer goods packaging, automobiles, agriculture, electronics, and textiles. The Lactic Acid & Poly Lactic Acid (PLA) market revenue was xx Million USD in 2019, grew to xx Million USD in 2023, and will reach xx Million USD in 2031, with a CAGR of xx during 2024-2031. Considering the influence of COVID-19 on the global Lactic Acid & Poly Lactic Acid (PLA) market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions. This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery. Under COVID-19 Outbreak, how the Lactic Acid & Poly Lactic Acid (PLA) Industry will develop is also analyzed in detail in Chapter 1.8 of this report. Major Players in Lactic Acid & Poly Lactic Acid (PLA) market are: The Dow Chemical Company BASF SE Weforyou GmbH Danimer Scientific LLC Cargill, Inc. Futerro SA Henan Jindan Lactic Acid Technology Co., Ltd Archer Daniels Midland Company Synbra Technology bv Galactic Cellulac Zhejiang Hisun Biomaterials Co., Ltd Corbion Purac NatureWorks LLC Most important types of Lactic Acid & Poly Lactic Acid (PLA) products covered in this report are: Lactic Acid Poly Lactic Acid (PLA) Most widely used downstream fields of Lactic Acid & Poly Lactic Acid (PLA) market covered in this report are: Industrial applications Food and beverages Pharmaceuticals Personal care products Packaging Agriculture Electronics Textiles Others Major Regions or countries covered in this report: North America Europe China Japan Middle East and Africa South America India South Korea Southeast Asia Others In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.