Market Definition and Overview According to the research report, the global polylactic acid market was valued at USD 747.75 million in 2023 and is expected to reach USD 3,665.79 Million by 2032, to grow at a CAGR of 19.40% during the forecast period. The polylactic acid (PLA) market has emerged as one of the most promising segments within the global bioplastics industry. PLA...

Market Overview Polylactic acid, commonly referred to as PLA, represents one of the most commercially successful bio-based plastics. It offers a sustainable solution that significantly reduces carbon footprints, especially when compared to petroleum-based plastics. With excellent mechanical properties, biocompatibility, and a lower environmental impact, PLA is being adopted in multiple...