Lactic Acid & PLA market

Polylactic acid or PLA is a biodegradable thermoplastic aliphatic polyester derived from renewable resources such as corn, starch, tapioca roots, sugarcane, and others. It has variety of applications in personal care packaging, electronics, agriculture, textile, bio-medical, and other industrial sectors.
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Surge in demand for bioplastics, varying crude oil prices, and shift in consumer preference toward eco-friendly technology further supplement the global lactic acid and PLA industry. However, competitive prices and performance comparison with respect to conventional plastics are expected to pose challenges to the market players. However, high scope in various applications are expected to create new avenues in the industry.