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JSB Market Research : Polylactic Acid (PLA) Market in Packaging, Textile, Agriculture, Transportation, Bio-Medical, Electronics and Others

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JSB Market Research : Polylactic Acid (PLA) Market in Packaging, Textile, Agriculture, Transportation, Bio-Medical, Electronics and Others
Polylactic Acid (PLA) Market in Packaging, Textile, Agriculture,
Transportation, Bio-Medical, Electronics and Others - Global
Industry Size, Company Share, Growth, Trends, Strategic Analysis and Forecast, 2012 - 2020
Released On 15 th July 2014

Polylactic Acid (PLA) is thermoplastic polyester derived from renewable feedstock such as corn starch, sugarcane, wheat, tapioca roots. PLA has wide application such as in Packaging, Textile, Agriculture, Transportation, Bio-Medical and Electronics industry. Due to environmental concerns and scarcity & volatility of prices of fossil fuels, many companies and government regulatory bodies are focusing to find substitute to oil-based products. Moreover, bio based plastics has huge potential to reduce the consumption and dependency on petroleum based feedstock and lessen negative impact on environment by reducing carbon footprints. Thus, PLA has emerged mainly as source of biodegradable plastics available in the market in recent years. Furthermore, ongoing research and technical development in the field of biobased plastics have enhanced their properties such as high temperature resistance, thus increasing scope of its application market. The global Polylactic Acid market is presently facing supply crunch as few international manufacturers trying hard to meet rapidly rising demand for bio-based plastics. Thus, it is anticipated that the global
Polylactic Acid market will grow at a double digit growth rate.
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Meanwhile, raw materials such as corn, genetically modified wheat, sugarcane etc. is abundantly available in Asia Pacific region mainly China thus manufacturers can take advantage of this in availing cost benefit. Moreover, distribution channel also plays a vital role in the life cycle management of PLA due to presence of wide range of
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