+1-888-308-5802     
News Contact Us

Lactic Acid Market revenue is propelled by rising demand for biobased personal care & cosmetics product formulations

Author : Rahul Sankrityayan | Published Date : 2019-03-19 

Lactic Acid Market share to observe a considerable growth over the coming seven years, propelled by its extensive application in food & beverages, personal care, industrial, cosmetic, detergent, and pharmaceuticals sectors. Moreover, growing consumer preference for bio-based contents is expected to stimulate the market trends in the near future.

Polylactic Acid (PLA) market size is anticipated to witness a lucrative roadmap over the period of 2016-2024, owing to the rising consumer trend towards sustainable, recyclable, and green packaged products. Moreover, growing application of polylactic acid in the booming bioplastics industry along with government legislations favoring the use of bio-based products will further drive PLA industry size over the coming years. Furthermore, polylactic acid also finds wide applications in electronics, packaging, textiles, agriculture, and transport sectors.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/821

As per the research study, PLA applications in the packaging sector, estimated at USD 300 million, are expected to grow noticeably over the coming seven years due to its use in jars, containers, bioplastic packaging, and food packaging. Furthermore, textile is yet another prominent application area, predicted to generate high growth opportunities for polylactic acid industry over the coming years. As per the research study, textile application is likely to grow at a rate of 19% over the timeframe, driven by the use of PLA in textile dyeing for biodegradable polymer production.

Geographically, Germany lactic acid industry is expected to generate high sales over the next few years, driven by the rise in number of manufacturing plants coupled with increasing emphasis on sustainability. Growing application of lactic acid to treat dry skin along with its use in metal formulations is expected to boost U.S. lactic acid industry growth in the pharmaceutical sector over the coming years.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/821

China personal care industry is expected to contribute significantly towards the market share over the coming timeframe. Lactic acid application as vital ingredient in the personal care products & antimicrobial cleaning along with growing consumer awareness towards the personal care item is expected to drive the regional growth.

France PLA market will experience a considerable surge by 2024, driven by favorable legislations coupled with penetration of bio-based products in the packaging sector. Increase in production capacity, abundant feedstock, and growing customer awareness is expected to drive Japan market revenue over the next few years.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/lactic-acid-and-polylactic-acid-market

UK PLA market size in agriculture sector is expected to register significant gains at 15% over the coming seven years, owing to its ability to reduce soil compaction and improve moisture control.

Key industry players in lactic acid market include BioAmber Inc., DuPont, and Genomatica. Major market players in PLA industry include Pyramid Bioplastics, Danimer Scientific LLC, Synbra Technology BV, BASF, Futerro, Galactic, NatureWorks, and Musashino Chemical Laboratory.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Freeze Dried Fruits & Vegetables Market Growth, Trends, Future Scope & Forecast to 2025

Published Date: 2019-06-17         Author: Rahul Sankrityayan

Freeze Dried Vegetables and Fruits Market will likely surpass USD 60 billion by 2025; according to a new research report by Global Market Insights. Increasing popularity of packaged food will be a major factor behind the freeze dried vegetables and fruits market growth. The product is extensively us... Read More

Starch food thickeners market is projected witness gains of over 4.5% by 2025

Published Date: 2019-06-17         Author: Rahul Sankrityayan

Food Thickeners Market is set to surpass USD 12.5 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing product usage in food & nutrition manufacturing industry in order to achieve the desired viscosity is anticipated to boost food thickeners industry size. ... Read More

Food & Beverages Color Fixing Agents Market will witness 4.4% CAGR by 2025

Published Date: 2019-06-17         Author: Rahul Sankrityayan

Global F&B Color Fixing Agents Market is forecast to exceed USD 3.27 billion by 2025; according to a new research report by Global Market Insights. Global F&B color fixing agents market will be driven by rapidly growing beverages industry. Product demand in beverages industry is projected to... Read More

© 2019 Fractovia. All Rights Reserved