Bio-polylactic Acid Market Report – Forecast (2022-2027)

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Bio-polylactic Acid MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• Bio-polylactic acid market size is forecast to
  reach US1.4 billion by 2027, after growing at a
  CAGR of 14.5 during the forecast period
  (2022-2027).
• The bio-polylactic acid is primarily manufactured
  through the process of direct condensation
  polymerization, azeotropic dehydrative
  condensation, and lactide formation
  polymerization.
• They are used in a wide range of applications
  which include plastic films and sheets for
  packaging, automotive, textiles, medical,
  construction, electronics, and more. According to
  recent insights published on Interpack in 2020,
  the global packaging industry is expected to grow
  by an annual rate of 3.5 within the next four
  years.

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• Key Takeaways
• The packaging industry in Bio-polylactic Acid
  Market is expected to see the fastest growth,
  especially during the forecast period. Its wide
  range of characteristics, biodegradability, low
  energy consumption, and cost-efficiency is
  driving its demand for the production of plastic
  films and sheets used in the packaging industry.
• Properties of bio-polylactic acid such as
  durability, printability, flexibility, UV
  resistance, transparency, biodegradability,
  chemical resistance, and more make it ideal for
  use in a wide range of industries which include
  packaging, automotive, and textile industries.
• Asia-Pacific dominated the Polyethylene Wax
  Market in 2021, owing to the increasing demand
  for polyethylene wax from the packaging sector of
  the region.

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Bio-polylactic Acid Market Segment Analysis By
Geography The Asia Pacific held the largest
share in the Bio-polylactic Acid Market in 2021
up to 30. The consumption of bio-polylactic acid
is particularly high in this region due to its
increasing demand from the packaging industry.
For instance, China holds the largest market
share around the world when it comes to food
packaging. According to a recent study published
on Interpack, the consumption of food packaging
is expected to increase to 447,066 million in
2023. Likewise, it also states that the Chinese
packaging companies such as 3D, SIP, and WLCSP
alone achieved a revenue of around US5.88
billion with end packaging.
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• Bio-polylactic Acid Industry Outlook
• NatureWorks LLC
• Sulzer Ltd
• Futerro
• Zhejiang Hisun Biomaterials Co. Ltd.
• Total Corbion PLA
• Nantong Jiuding Biological Engineering Co. Ltd.
• Jiangxi Keyuan Bio-Material Co. Ltd Inc.
• Musashino Chemical Laboratory Ltd.
• Polysciences Inc.
• BASF SE

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Bio-polylactic Acid Market Forecast (
2022-2027) Learn More About the Report _at_
https//www.industryarc.com/Research/Bio-polylact
ic-Acid-Market-Research-509327
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id509327

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Reddy Contact (1) 970-236-3677 Email
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