Home > > > > Report Detail

Lactic Acid Market by Application (Biodegradable Polymers, Food & Beverages, Pharmaceutical Products), Raw Materials, Form (Dry and Liquid), and Region, Polylactic Acid Market, Application, Form, and Region - Global Forecast to 2028

Publisher Name :
Date: 16-Jun-2023
No. of pages: 230
Inquire Before Buying

The global lactic acid market size is projected to reach USD 2.8 billion by 2028, recording a CAGR of 12.4%, in terms of value. The global polylactic acid market size is anticipated to reach USD 2.9 billion by 2028, recording a CAGR of 17.7%, in terms of value.

“Surging customer demand for sustainable substitutes of petrochemical-based products is significantly driving the growth of the lactic acid market.”

Growing environmental concerns have led to a greater emphasis on eco-friendly solutions. Lactic acid, derived from renewable sources like corn starch or sugarcane, offers a greener alternative to petrochemicals. As businesses strive to reduce their carbon footprint and promote sustainability, the demand for lactic acid has seen a notable surge. The biodegradable nature of lactic acid presents a significant advantage. It can naturally break down without leaving harmful residues or contributing to environmental pollution. This characteristic is particularly advantageous in industries that require biodegradable materials, such as packaging and plastics, where lactic acid can be a viable choice. Governments and regulatory bodies are increasingly promoting the use of sustainable alternatives to petrochemicals. Various initiatives and regulations encourage the adoption of bio-based and renewable materials, providing further impetus to the lactic acid market.

“Europe is anticipated to have the highest share in the polylactic acid market, valued at 33.4% during the forecast period.”

Europe accounts for USD 0.4 Billion of the market size in global market for polylactic acid in 2023.The polylactic acid (PLA) market in Europe is witnessing remarkable growth, driven by the region's strong focus on sustainability and environmental consciousness. There is a growing awareness among consumers, businesses, and governments regarding the negative environmental impact of traditional plastics. As a biodegradable and renewable alternative, PLA is being widely embraced as a solution to reduce plastic waste and carbon footprint. European governments have implemented stringent regulations and policies that encourage the use of sustainable materials and the reduction of plastic waste, providing a favorable environment for the adoption of bio-based and biodegradable plastics like PLA. The volume and environmental impact of some plastic items are both subject to EU regulations. The EU has taken measures to combat plastic pollution. Single-use plastic plates, cutlery, straws, balloon sticks, and cotton buds were outlawed beginning on July 3, 2021, on the markets of EU Member States. This regulatory support incentivizes companies to transition to PLA for packaging, food service products, and other applications, thereby propelling market growth.

 “Corn is the most frequently employed raw material in the production of lactic acid.”

Corn is abundantly available and widely cultivated, making it a reliable and cost-effective source for lactic acid production. Its widespread cultivation provides a stable supply chain and ensures consistent availability of raw materials. Additionally, corn contains high levels of starch, which can be easily converted into glucose, the primary substrate for lactic acid fermentation. The efficient conversion of corn starch into glucose enables high yields and cost-effective production of lactic acid. Furthermore, the established infrastructure and expertise in corn processing make it a preferred choice for lactic acid manufacturers, allowing for efficient extraction and processing of the raw material. The utilization of corn as the primary raw material in lactic acid production aligns with its economic viability, availability, and ease of conversion, making it a practical and widely adopted choice in the industry.

“The bakery & confectionery sub-segment of the application segment of lactic acid market is anticipated to be valued the largest at USD 0.3 billion in 2028.”

The market for confectionery and bakery items is gradually rising due to the rise in convenience food demand and consumer desire for enticing, delectable, and textural treats. The availability, affordability, and nutritional value of bakery goods are further elements influencing their continued existence in the modern market. Products from bakeries have become a staple in the diets of many customers. This has increased demand for the various baking ingredients used to create savory and textured baked goods.  The American Bakers Association estimates that bakery products represent around 2.1% of the US gross domestic product. Lactic acid serves as a versatile ingredient that enhances the quality and shelf life of bakery and confectionery products. It acts as a natural preservative, inhibiting the growth of mold and bacteria, thereby extending the product's freshness and reducing the need for artificial additives. Moreover, lactic acid contributes to the desirable texture, flavor, and color development in baked goods and confections. It imparts a mild tanginess, which adds complexity and depth to the taste profile of various products, including bread, pastries, and candies. With the rising consumer demand for natural ingredients, lactic acid's ability to perform multiple functions while aligning with clean-label requirements has made it an attractive choice for the bakery and confectionery industry.

“The liquid segment of the global lactic acid market is projected to grow and have the largest market share for the forecasted year.“

In 2023, the market was led by the liquid form category. The versatility of liquid lactic acid is expected to be a significant driver of its market growth. Liquid lactic acid offers a wide range of applications across various industries, including food and beverages, pharmaceuticals, personal care, and cleaning products. Its fluid form allows for easy incorporation into different formulations, making it adaptable to diverse product requirements. In the food industry, liquid lactic acid serves as a natural preservative, pH regulator, and flavor enhancer, enhancing the shelf life and taste of various products. It finds use in dairy, bakery, confectionery, and meat processing, among others. In the pharmaceutical industry, liquid lactic acid is utilized for drug formulation, controlled-release systems, and as a chiral intermediate in the synthesis of active pharmaceutical ingredients. The personal care industry benefits from its use in skincare, hair care, and cosmetic products due to its moisturizing, exfoliating, and pH-balancing properties. Additionally, liquid lactic acid plays a vital role in the production of biodegradable polymers, cleaning agents, and industrial applications. With its wide-ranging applications and versatility, the market for liquid lactic acid is poised for growth as industries increasingly recognize its benefits and utilize it in innovative ways..

The break-up of the profile of primary participants in the lactic acid market:


  • By Company: Tier 1- 35%, Tier 2- 25%, Tier 3 – 40%

  • By Designation: Managers–40%,CXOs –35%, and Executives- 25%

  • By Region: North America – 15%, Europe – 30%, Asia Pacific -45%, RoW - 10%


Prominent companies include Corbion (Netherlands), Cargill, Incorporated (US), Galactic (Belgium), Unitika Ltd (Japan), Henan Jindan lactic acid Technology Co., Ltd. (China),TORAY INDUSTRIES, INC. (Japan), Sulzer Ltd (China), and others.

Research Coverage:

In this report, the lactic acid market has been categorized by raw materials (corn, cassava, sugarcane, yeast extract. and others), form (dry, liquid), application (biodegradable polymers, food & beverages, pharmaceutical products), and region. The polylactic acid market has been segmented by application (packaging, fiber & fabrics, agriculture) and region. . The report's coverage includes specific information on the key elements—such as drivers, restraints, challenges, and opportunities—influencing the market for lactic acid. A comprehensive evaluation of the top industry players has been conducted to provide insights into their business overview, products, and services; important strategies; contracts, partnerships, agreements, the introduction of new products and services, acquisitions and mergers, and current trends affecting the lactic acid market. This research covers competitive analysis of future startups in the lactic acid market environment.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall lactic acid market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:


  • Analysis of key drivers (High demand for lactic acid and polylactic acid in end-user applications), restraints (Fluctuations in raw material prices), opportunities (Government regulations and frameworks to encourage the use of bioplastics), and challenges (High initial investment costs involved for small & medium enterprises) influencing the growth of the lactic acid market.

  • Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the lactic acid market.

  • Market Development: Comprehensive information about lucrative markets – the report analyses the lactic acid market across varied regions.

  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the lactic acid market.

  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Corbion (Netherlands), Cargill, Incorporated (US), Galactic (Belgium), and Unitika Ltd (Japan), among others in the lactic acid market strategies.

Lactic Acid Market by Application (Biodegradable Polymers, Food & Beverages, Pharmaceutical Products), Raw Materials, Form (Dry and Liquid), and Region, Polylactic Acid Market, Application, Form, and Region - Global Forecast to 2028

Table Of Contents

1 Introduction 38
1.1 Study Objectives 38
1.2 Market Definition 38
1.3 Study Scope 39
Figure 1 Market Segmentation 39
1.3.1 Regions Covered 39
Figure 2 Regional Segmentation 39
1.4 Years Considered 40
Figure 3 Years Considered 40
1.5 Currency Considered 40
Table 1 Usd Exchange Rates Considered, 2019–2022 41
1.6 Units Considered 41
1.7 Stakeholders 41
1.8 Summary Of Changes 42
1.8.1 Recession Impact 42

2 Research Methodology 43
2.1 Research Data 43
Figure 4 Lactic Acid Market: Research Design 43
2.1.1 Secondary Data 44
2.1.1.1 Key Data From Secondary Sources 44
2.1.2 Primary Data 44
2.1.2.1 Key Data From Primary Sources 45
2.1.2.2 Key Industry Insights 45
2.1.2.3 Breakdown Of Primary Interviews 46
Figure 5 Breakdown Of Primary Interviews: By Value Chain, Designation,And Region 46
2.2 Factor Analysis 46
2.2.1 Introduction 46
2.2.2 Demand-Side Analysis 47
Figure 6 Key Economies Based On Gross Domestic Product,2019–2021 (Usd Trillion) 47
2.2.3 Supply-Side Analysis 47
2.3 Market Size Estimation 48
2.3.1 Approach One (Based On Application And Form, By Region) 48
2.3.2 Approach One (Based On Application, By Region) 49
2.3.3 Approach Two (Based On Global Market) 50
2.4 Data Triangulation 51
Figure 7 Data Triangulation And Market Breakdown 51
2.5 Research Assumptions 52
2.6 Research Limitations 52
2.7 Recession Impact Analysis 53
Figure 8 Indicators Of Recession 53
Figure 9 World Inflation Rate: 2011–2021 54
Figure 10 Global Gross Domestic Product: 2011–2021 (Usd Trillion) 55
Figure 11 Recession Indicators And Their Impact On Lactic Acid Market 56
Figure 12 Global Lactic Acid Market: Current Forecast Vs. Recession Forecast 56
Figure 13 Global Polylactic Acid Market: Current Forecast Vs. Recession Forecast 57

3 Executive Summary 58
Table 2 Lactic Acid Market Snapshot, 2023 Vs. 2028 58
Figure 14 Lactic Acid Market Size, By Application, 2023 Vs. 2028 (Usd Million) 59
Figure 15 Lactic Acid Market Size, By Food & Beverages Sub-Application,2023 Vs. 2028 (Usd Million) 60
Figure 16 Polylactic Acid Market Size, By Application,2023 Vs. 2028 (Usd Million) 60
Figure 17 Lactic Acid Market Size, By Form, 2023 Vs. 2028 (Usd Million) 61
Figure 18 Lactic Acid Market Size, By Raw Material, 2023 Vs. 2028 (Usd Million) 61
Figure 19 Regional Snapshot Of Lactic Acid Market 62
Figure 20 Regional Snapshot Of Polylactic Acid Market 63

4 Premium Insights 64
4.1 Attractive Opportunities For Key Players In Market 64
Figure 21 Increase In Demand For Processed And Packaged Food & Beverages Projected To Drive Market Growth 64
4.2 Attractive Opportunities In Polylactic Acid Market 64
Figure 22 Biodegradable Properties Of Pla Projected To Drive Market Growth 64
4.3 Global Lactic Acid Market: Shares Of Major Regional Submarkets 65
Figure 23 China Holds Largest Market For Lactic Acid In 2023 65
4.4 Global Polylactic Acid Market: Shares Of Major Regional Submarkets 65
Figure 24 China Holds Largest Market For Polylactic Acid In 2023 65
4.5 North America: Lactic Acid Market, By Application &Key Country 66
Figure 25 Bio-Degradable Polymers Accounted For Largest Market Share In North America 66
4.6 Europe: Polylactic Acid Market, By Application &Key Country 66
Figure 26 Packaging Accounted For Largest Market Share In North America 66
4.7 Global Lactic Acid Market, By Raw Material & Region 67
Figure 27 North America And Sugarcane Projected To Dominate Market 67
4.8 Global Lactic Acid Market, By Form 68
Figure 28 Liquid Form Projected To Dominate Market During Forecast Period 68
4.9 Global Lactic Acid Market, By Application 68
Figure 29 Biodegradable Polymers Projected To Dominate Market 68
4.10 Lactic Acid Market, By Food & Beveragesub-Application 69
Figure 30 Bakery & Confectionery Expected To Register Growth In Market 69
4.11 Global Polylactic Acid Market, By Application 69
Figure 31 Packaging Projected To Dominate Polylactic Acid Market 69

5 Market Overview 70
5.1 Introduction 70
Figure 32 Bioplastics: Global Production Capacity, 2021–2027 (Million Ton) 70
5.2 Market Dynamics 72
Figure 33 Lactic Acid & Polylactic Acid Market Dynamics 72
5.2.1 Drivers 72
5.2.1.1 High Demand For Lactic & Polylactic Acid In End User Applications 72
Figure 34 Polylactic Acid: Global Production Capacity, By End User Application, 2022 73
5.2.1.2 Rising Demand For Environmentally Friendly Resources 73
5.2.1.3 Technological Advancements To Encourage Production Of Lactic & Polylactic Acid 74
Figure 35 Global Expenditure On R&D, 2019-2021 (Usd Million) 75
5.2.2 Restraints 75
5.2.2.1 Fluctuations In Raw Material Prices 75
5.2.2.2 Quality Of Packaged Food & Beverage Products To Become Major Concern For Manufacturers 76
5.2.3 Opportunities 76
5.2.3.1 Multi-Functionalities Of Lactic & Polylactic Acids Leading To Increased Demand For Biopolymers And Cosmetic Products 76
5.2.3.2 Government Regulations And Frameworks Encouraging Use Of Bioplastics 77
5.2.4 Challenges 77
5.2.4.1 Lack Of Process-Specific Technology For Usage Of Lactic & Polylactic Acids In Emerging Economies 77
5.2.4.2 High Initial Investment Costs Borne By Small & Medium Enterprises 78

6 Industry Trends 79
6.1 Introduction 79
6.2 Value Chain Analysis 79
Figure 36 Lactic Acid Market: Value Chain Analysis 80
6.2.1 Research And Product Development 80
6.2.2 Raw Material Sourcing 80
6.2.3 Production And Processing 80
6.2.4 Distribution 81
6.2.5 Marketing And Sales 81
6.3 Trends/Disruptions Impacting Customers’ Businesses 81
Figure 37 Revenue Shift For Lactic Acid Market 82
6.4 Tariff And Regulatory Landscape 82
Table 3 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations 82
Table 4 Europe: List Of Regulatory Bodies, Government Agencies,And Other Organizations 83
Table 5 Asia Pacific: List Of Regulatory Bodies, Government Agencies,And Other Organizations 84
Table 6 South America: List Of Regulatory Bodies, Government Agencies,And Other Organizations 84
Table 7 Rest Of The World: Regulatory Bodies, Government Agencies, And Other Organizations 85
6.5 Regulatory Framework 85
6.5.1 North America 86
6.5.2 Europe 86
6.5.3 Asia 88
6.5.4 Others 89
6.6 Patent Analysis 89
Figure 38 Number Of Patents Granted For Lactic Acid In Global Market,2013–2022 89
Figure 39 Regional Analysis Of Patents Granted In Lactic Acid Market 89
Table 8 List Of Major Patents Pertaining To Lactic Acid Market, 2013–2022 90
6.7 Trade Analysis 91
Table 9 Import Value Of Lactic Acid For Key Countries, 2022 (Usd Thousand) 91
Table 10 Export Value Of Lactic Acid For Key Countries, 2022 (Usd Thousand) 91
6.8 Pricing Analysis 92
6.8.1 Average Selling Price Trend Analysis 92
Table 11 Lactic Acid Market: Average Selling Price, By Region, 2020–2022 (Usd Per Ton) 92
Table 12 Polylactic Acid Market: Average Selling Price, By Region, 2020–2022 (Usd Per Ton) 92
6.9 Lactic Acid Market: Ecosystem Market Map 93
6.9.1 Demand Side 93
6.9.2 Supply Side 93
Figure 40 Lactic Acid: Market Map 94
Table 13 Lactic Acid Market: Ecosystem 94
6.10 Technology Analysis 95
6.10.1 Immobilized Bioreactor Design For Lactic Acid (La) Production 95
6.10.2 Genetic And Metabolic Engineering 96
6.11 Case Studies 96
6.11.1 Enhanced Resource Efficiency With New Enzyme Development In Adjunct Brewing 96
6.12 Porter’s Five Forces Analysis 97
Table 14 Lactic Acid Market: Porter’s Five Forces Analysis 97
6.12.1 Intensity Of Competitive Rivalry 97
6.12.2 Bargaining Power Of Suppliers 97
6.12.3 Bargaining Power Of Buyers 98
6.12.4 Threat Of Substitutes 98
6.12.5 Threat Of New Entrants 98
6.13 Key Stakeholders And Buying Criteria 99
6.13.1 Key Stakeholders In Buying Process 99
6.13.2 Key Stakeholders And Buying Criteria 99
Figure 41 Influence Of Stakeholders On Buying Lactic Acid For Different Applications 99
6.13.3 Key Stakeholders And Buying Criteria 100
Figure 42 Influence Of Stakeholders On Buying Polylactic Acid For Different Applications 100
Table 15 Influence Of Stakeholders On Buying Process For Lactic Acid,By Application (%) 100
Table 16 Influence Of Stakeholders On Buying Process For Polylactic Acid,By Application (%) 100
6.13.4 Buying Criteria 101
Table 17 Key Criteria For Selecting Supplier/Vendor 101
Figure 43 Key Criteria For Selecting Suppliers/Vendors 101
6.14 Key Conferences And Events (2023–2024) 102
Table 18 Key Conferences And Events In Lactic Acid Market, 2023–2024 102

7 Lactic Acid Market, By Raw Materials 104
7.1 Introduction 105
Figure 44 Lactic Acid Market Size (Value), By Raw Material, 2023 Vs. 2028 105
Table 19 Lactic Acid Market Size, By Raw Materials, 2018–2022 (Usd Million) 105
Table 20 Lactic Acid Market Size, By Raw Materials, 2023–2028 (Usd Million) 106
7.2 Corn 106
7.2.1 Cost-Effectiveness And Appropriate Composition To Make It Preferred Raw Material 106
Table 21 Lactic Acid Market Size In Corn, By Region, 2018–2022 (Usd Million) 106
Table 22 Lactic Acid Market Size In Corn, By Region, 2023–2028 (Usd Million) 107
7.3 Cassava 107
7.3.1 High Content Of Starch In Cassava To Make It Appropriate Raw Material 107
Table 23 Lactic Acid Market Size In Cassava, By Region, 2018–2022 (Usd Million) 107
Table 24 Lactic Acid Market Size In Cassava, By Region, 2023–2028 (Usd Million) 108
7.4 Sugarcane 108
7.4.1 Sugarcane Bagasse To Be Obtained From Agriculture And Distributed For Recycling 108
Table 25 Lactic Acid Market Size In Sugarcane, By Region, 2018–2022 (Usd Million) 108
Table 26 Lactic Acid Market Size In Sugarcane, By Region, 2023–2028 (Usd Million) 109
7.5 Yeast Extract 109
7.5.1 Yeast Extract To Facilitate Fermentation Procedure 109
Table 27 Lactic Acid Market Size In Yeast Extract, By Region, 2018–2022 (Usd Million) 109
Table 28 Lactic Acid Market Size In Yeast Extract, By Region, 2023–2028 (Usd Million) 110
7.6 Others 110
7.6.1 Lignocellulosic Agricultural Waste To Be Found In Abundance 110
Table 29 Lactic Acid Market Size In Agriculture, By Region, 2018–2022 (Usd Million) 110
Table 30 Lactic Acid Market Size In Agriculture, By Region, 2023–2028 (Usd Million) 111

8 Lactic Acid Market, By Form 112
8.1 Introduction 113
Figure 45 Lactic Acid Market Size, By Form, 2023 Vs. 2028 (Usd Million) 113
Table 31 Lactic Acid Market Size, By Form, 2018–2022 (Usd Million) 113
Table 32 Lactic Acid Market Size, By Form, 2023–2028 (Usd Million) 114
8.2 Liquid 114
8.2.1 Ease Of Use In Various Applications To Encourage Lactic Acid Usage In Liquid Form 114
Table 33 Liquid Lactic Acid Market Size, By Region, 2018–2022 (Usd Million) 114
Table 34 Liquid Lactic Acid Market Size, By Region, 2023–2028 (Usd Million) 115
8.3 Dry 115
8.3.1 Dry Form To Enable Improved Accuracy Of Dosages 115
Table 35 Dry Lactic Acid Market Size, By Region, 2018–2022 (Usd Million) 115
Table 36 Dry Lactic Acid Market Size, By Region, 2023–2028 (Usd Million) 116

9 Lactic Acid Market, By Application 117
9.1 Introduction 118
Figure 46 Lactic Acid Market Share (Value), By Application, 2023 Vs. 2028 118
Table 37 Lactic Acid Market Size, By Application, 2018–2022 (Usd Million) 119
Table 38 Lactic Acid Market Size, By Application, 2023–2028 (Usd Million) 119
9.2 Biodegradable Polymers 119
Table 39 Lactic Acid Market Size In Biodegradable Polymers, By Region,2018–2022 (Usd Million) 120
Table 40 Lactic Acid Market Size In Biodegradable Polymers, By Region,2023–2028 (Usd Million) 120
9.3 Food & Beverages 120
Table 41 Lactic Acid Market Size In Food & Beverages, By Region,2018–2022 (Usd Million) 121
Table 42 Lactic Acid Market Size In Food & Beverages, By Region,2023–2028 (Usd Million) 121
Table 43 Lactic Acid Market Size In Food & Beverages, By Sub-Application,2018–2022 (Usd Million) 121
Table 44 Lactic Acid Market Size In Food & Beverages, By Application,2023–2028 (Usd Million) 122
9.3.1 Beverages 122
9.3.1.1 Use Of Lactic Acid In Beverages For Superior Shelf Life 122
Table 45 Lactic Acid Market Size In Beverages, By Region, 2018–2022 (Usd Million) 123
Table 46 Lactic Acid Market Size In Beverages, By Region, 2023–2028 (Usd Million) 123
9.3.2 Bakery & Confectionery Products 123
9.3.2.1 Usage Of Lactic Acid To Increase Shelf Life Of Bakery & Confectionery 123
Table 47 Lactic Acid Market Size In Bakery & Confectionery Products, By Region,2018–2022 (Usd Million) 124
Table 48 Lactic Acid Market Size In Bakery & Confectionery Products, By Region,2023–2028 (Usd Million) 124
9.3.3 Dairy Products 124
9.3.3.1 Mineral Salts Of Lactic Acid To Fortify Dairy Products 124
Table 49 Lactic Acid Market Size In Dairy Products, By Region, 2018–2022 (Usd Million) 125
Table 50 Lactic Acid Market Size In Dairy Products, By Region, 2023–2028 (Usd Million) 125
9.3.4 Meat Products 125
9.3.4.1 Lactic Acid To Preserve Taste And Tenderness Of Meat & Products 125
Table 51 Lactic Acid Market Size In Meat Products, By Region, 2018–2022 (Usd Million) 126
Table 52 Lactic Acid Market Size In Meat Products, By Region, 2023–2028 (Usd Million) 126
9.3.5 Other Food Products 126
9.3.5.1 Lactic Acid To Replace Acetic Acid And Vinegar As Food Additives 126
Table 53 Lactic Acid Market Size In Other Food Products, By Region,2018–2022 (Usd Million) 127
Table 54 Lactic Acid Market Size In Other Food Products, By Region,2023–2028 (Usd Million) 127
9.4 Personal Care Products 127
9.4.1 Consumer Preference To Encourage Demand For Clean-Label Personal Care And Cosmetic Products 127
Table 55 Lactic Acid Market Size In Personal Care Products, By Region,2018–2022 (Usd Million) 128
Table 56 Lactic Acid Market Size In Personal Care Products, By Region,2023–2028 (Usd Million) 128
9.5 Pharmaceutical Products 128
9.5.1 Lactic Acid To Be Used As Electrolyte In Parenteral & Intravenous Solutions 128
Table 57 Lactic Acid Market Size In Pharmaceutical Products, By Region,2018–2022 (Usd Million) 129
Table 58 Lactic Acid Market Size In Pharmaceutical Products, By Region,2023–2028 (Usd Million) 129
9.6 Other Applications 129
9.6.1 Lactic Acid To Be Used In Various Applications Due To Its Non-Toxic Biodegradable Nature 129
Table 59 Lactic Acid Market Size In Other Applications, By Region,2018–2022 (Usd Million) 130
Table 60 Lactic Acid Market Size In Other Applications, By Region,2023–2028 (Usd Million) 130

10 Polylactic Acid Market, By Application 131
10.1 Introduction 132
Figure 47 Polylactic Acid Market Size (Value), By Application, 2023 Vs. 2028 132
Table 61 Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 133
Table 62 Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 133
10.2 Packaging 134
Table 63 Polylactic Acid Market Size In Packaging, By Region, 2018–2022 (Usd Million) 134
Table 64 Polylactic Acid Market Size In Packaging, By Region, 2023–2028 (Usd Million) 134
10.2.1 Rigid Packaging 135
10.2.1.1 Polylactic Acid-Based Rigid Packaging To Be Used In Biodegradable And Compostable Food Services Packages 135
10.2.2 Compost Bags 135
10.2.2.1 Usage Of Composite Bags To Mitigate Organic Waste 135
10.2.3 Loose-Fill Packaging 135
10.2.3.1 Loose-Fill Packaging To Help Reduce Freight Cost 135
10.3 Fiber & Fabrics 136
10.3.1 Renewable Nature And Transformation Energy Of Pla To Drive Demand In Textile 136
Table 65 Polylactic Acid Market Size In Fiber & Fabrics, By Region,2018–2022 (Usd Million) 136
Table 66 Polylactic Acid Market Size In Fiber & Fabrics, By Region,2023–2028 (Usd Million) 136
10.4 Automobiles 137
10.4.1 Increased Preference For Tensile Plastic Alternative To Fuel Demand 137
Table 67 Polylactic Acid Market Size In Automobiles, By Region,2018–2022 (Usd Million) 137
Table 68 Polylactic Acid Market Size In Automobiles, By Region,2023–2028 (Usd Million) 138
10.5 Electronics & Electricals 138
10.5.1 Usage Of Polylactic Acid In Electronics To Remain Low 138
Table 69 Polylactic Acid Market Size In Electronics & Electricals, By Region,2018–2022 (Usd Million) 138
Table 70 Polylactic Acid Market Size In Electronics & Electricals, By Region,2023–2028 (Usd Million) 139
10.6 Agriculture 139
10.6.1 Polylactic Acid To Replace Mulch Films In Agriculture 139
Table 71 Polylactic Acid Market Size In Agriculture, By Region,2018–2022 (Usd Million) 140
Table 72 Polylactic Acid Market Size In Agriculture, By Region,2023–2028 (Usd Million) 140
10.7 Other Applications 140
10.7.1 Polylactic Acid To Be Used In Various Applications Due To Its Biocompatible Nature 140
Table 73 Polylactic Acid Market Size In Other Applications, By Region,2018–2022(Usd Million) 141
Table 74 Polylactic Acid Market Size In Other Applications, By Region,2023–2028 (Usd Million) 141

11 Lactic Acid Market, By Region 142
11.1 Introduction 143
Figure 48 Regional Snapshot: New Hotspots To Emerge In Asia Pacific,2023 Vs. 2028 143
Table 75 Lactic Acid Market, By Region, 2018–2022 (Usd Million) 144
Table 76 Lactic Acid Market, By Region, 2023–2028 (Usd Million) 144
Table 77 Lactic Acid Market, By Region, 2018–2022 (Kt) 144
Table 78 Lactic Acid Market, By Region, 2023–2028 (Kt) 145
11.2 North America 145
Figure 49 North America: Lactic Acid Market Snapshot 146
11.2.1 North America: Recession Impact 146
Figure 50 North American Lactic Acid Market: Recession Impact Analysis 147
Table 79 North America: Lactic Acid Market, By Country, 2018–2022 (Usd Million) 148
Table 80 North America: Lactic Acid Market, By Country, 2023–2028 (Usd Million) 148
Table 81 North America: Lactic Acid Market, By Country, 2018–2022 (Kt) 148
Table 82 North America: Lactic Acid Market, By Country, 2023–2028 (Kt) 148
Table 83 North America: Lactic Acid Market, By Application,2018–2022 (Usd Million) 149
Table 84 North America: Lactic Acid Market, By Application,2023–2028 (Usd Million) 149
Table 85 North America: Lactic Acid Market In Food & Beverages,By Sub-Application, 2018–2022 (Usd Million) 149
Table 86 North America: Lactic Acid Market Size In Food & Beverages,By Sub-Application, 2023–2028 (Usd Million) 150
Table 87 North America: Lactic Acid Market, By Raw Materials,2018–2022 (Usd Million) 150
Table 88 North America: Lactic Acid Market, By Raw Materials,2023–2028 (Usd Million) 150
Table 89 North America: Lactic Acid Market, By Form, 2018–2022 (Usd Million) 151
Table 90 North America: Lactic Acid Market, By Form, 2023–2028 (Usd Million) 151
11.2.2 Us 151
11.2.2.1 Increase In Investments, Expansions, And Product Launches To Encourage Growth Of Bioplastics & Biopolymers 151
Table 91 Us: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 152
Table 92 Us: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 152
11.2.3 Canada 152
11.2.3.1 Reducing Plastic Waste And Enhancing Environmental Sustainability To Increase Demand For Alternative Materials And Packaging Solutions 152
Table 93 Canada: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 153
Table 94 Canada: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 153
11.2.4 Mexico 153
11.2.4.1 Use Of Biodegradable Plastics In Various Food Packaging Applications To Drive Demand For Lactic Acid 153
Table 95 Mexico: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 154
Table 96 Mexico: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 154
11.3 Europe 154
11.3.1 Europe: Recession Impact 155
Table 97 Europe: Lactic Acid Market, By Country, 2018–2022 (Usd Million) 155
Table 98 Europe: Lactic Acid Market, By Country, 2023–2028 (Usd Million) 155
Table 99 Europe: Lactic Acid Market, By Country, 2018–2022 (Kt) 156
Table 100 Europe: Lactic Acid Market, By Country, 2023–2028 (Kt) 156
Table 101 Europe: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 156
Table 102 Europe: Lactic Acid Market, By Application,2023–2028 (Usd Million) 157
Table 103 Europe: Lactic Acid Market In Food & Beverages,By Sub-Application, 2018–2022 (Usd Million) 157
Table 104 Europe: Lactic Acid Market In Food & Beverages,By Sub-Application, 2023–2028 (Usd Million) 157
Table 105 Europe: Lactic Acid Market, By Raw Materials, 2018–2022 (Usd Million) 158
Table 106 Europe: Lactic Acid Market, By Raw Materials, 2023–2028 (Usd Million) 158
Table 107 Europe: Lactic Acid Market, By Form, 2018–2022 (Usd Million) 158
Table 108 Europe: Lactic Acid Market, By Form, 2023–2028 (Usd Million) 158
11.3.2 Germany 159
11.3.2.1 Government Regulations To Encourage Recycling Of Packaging Waste 159
Table 109 Germany: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 159
Table 110 Germany: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 159
11.3.3 Italy 160
11.3.3.1 Ban On Conventional Plastic Items To Enhance Demand For Bioplastic Materials 160
Table 111 Italy: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 160
Table 112 Italy: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 160
11.3.4 Spain 161
11.3.4.1 Growing Awareness Regarding Use Of Biodegradable Polymers To Boost Market 161
Table 113 Spain: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 161
Table 114 Spain: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 161
11.3.5 France 162
11.3.5.1 Demand For Lactic Acid As Functional Additive To Drive Market Growth 162
Table 115 France: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 162
Table 116 France: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 162
11.3.6 Uk 163
11.3.6.1 Demand For Bioplastic & Biopolymer Products Projected To Grow During Forecast Period 163
Table 117 Uk: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 163
Table 118 Uk: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 163
11.3.7 Rest Of Europe 164
11.3.7.1 Poland, Netherlands, And Belgium To Be Major Consumers Of Lactic Acid 164
Table 119 Rest Of Europe: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 164
Table 120 Rest Of Europe: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 165
11.4 Asia Pacific 165
Figure 51 Asia Pacific: Lactic Acid Market Snapshot 166
11.4.1 Asia Pacific: Recession Impact 166
Table 121 Asia Pacific: Lactic Acid Market, By Country, 2018–2022 (Usd Million) 167
Table 122 Asia Pacific: Lactic Acid Market, By Country, 2023–2028 (Usd Million) 167
Table 123 Asia Pacific: Lactic Acid Market, By Country, 2018–2022 (Kt) 168
Table 124 Asia Pacific: Lactic Acid Market, By Country, 2023–2028 (Kt) 168
Table 125 Asia Pacific: Lactic Acid Market, By Application,2018–2022 (Usd Million) 168
Table 126 Asia Pacific: Lactic Acid Market, By Application,2023–2028 (Usd Million) 169
Table 127 Asia Pacific: Lactic Acid Market In Food & Beverages,By Sub-Application, 2018–2022 (Usd Million) 169
Table 128 Asia Pacific: Lactic Acid Market In Food & Beverages,By Sub-Application, 2023–2028 (Usd Million) 169
Table 129 Asia Pacific: Lactic Acid Market, By Raw Materials, 2018–2022 (Usd Million) 170
Table 130 Asia Pacific: Lactic Acid Market, By Raw Materials, 2023–2028 (Usd Million) 170
Table 131 Asia Pacific: Lactic Acid Market, By Form, 2018–2022 (Usd Million) 170
Table 132 Asia Pacific: Lactic Acid Market, By Form, 2023–2028 (Usd Million) 170
11.4.2 China 171
11.4.2.1 High Demand For Lactic Acid Among Key Players To Drive Growth Of Biodegradable Polymers 171
Table 133 China: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 171
Table 134 China: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 171
11.4.3 Japan 172
11.4.3.1 Advancements In Pharmaceuticals To Drive Market Growth 172
Table 135 Japan: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 172
Table 136 Japan: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 172
11.4.4 India 173
11.4.4.1 Advancements In Technology For Lactic Acid Usage In Food & Beverage Applications To Drive Market Growth 173
Table 137 India: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 173
Table 138 India: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 173
11.4.5 Australia & New Zealand 174
11.4.5.1 Rising Demand For Natural And Safe Ingredients In Personal Care Products To Lead To Market Growth 174
Table 139 Australia & New Zealand: Lactic Acid Market, By Application,2018–2022 (Usd Million) 174
Table 140 Australia & New Zealand: Lactic Acid Market, By Application,2023–2028 (Usd Million) 174
11.4.6 Rest Of Asia Pacific 175
11.4.6.1 Food & Beverage Manufacturers To Opt For Lactic Acid As Alternative To Traditional Chemicals 175
Table 141 Rest Of Asia Pacific: Lactic Acid Market, By Application,2018–2022 (Usd Million) 175
Table 142 Rest Of Asia Pacific: Lactic Acid Market, By Application,2023–2028 (Usd Million) 175
11.5 Row 176
11.5.1 Row: Recession Impact 176
Table 143 Row: Lactic Acid Market, By Country, 2018–2022 (Usd Million) 176
Table 144 Row: Lactic Acid Market, By Country, 2023–2028 (Usd Million) 177
Table 145 Row: Lactic Acid Market, By Region, 2018–2022 (Kt) 177
Table 146 Row: Lactic Acid Market, By Region, 2023–2028 (Kt) 177
Table 147 Row: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 177
Table 148 Row: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 178
Table 149 Row: Lactic Acid Market In Food & Beverages,By Sub-Application, 2018–2022 (Usd Million) 178
Table 150 Row: Lactic Acid Market Size In Food & Beverages,By Sub-Application, 2023–2028 (Usd Million) 178
Table 151 Row: Lactic Acid Market, By Raw Materials, 2018–2022 (Usd Million) 179
Table 152 Row: Lactic Acid Market, By Raw Materials, 2023–2028 (Usd Million) 179
Table 153 Row: Lactic Acid Market, By Form, 2018–2022 (Usd Million) 179
Table 154 Row: Lactic Acid Market, By Form, 2023–2028 (Usd Million) 179
11.5.2 South America 180
11.5.2.1 Biodegradable Polymers To Witness Significant Demand As Key Companies Set Up Manufacturing Units In South America 180
Table 155 South America: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 180
Table 156 South America: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 180
11.5.3 Middle East 181
11.5.3.1 Expansion Of Food Processing Industry To Drive Market Growth 181
Table 157 Middle East: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 181
Table 158 Middle East: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 181
11.5.4 Africa 182
11.5.4.1 Rising Plastic Usage To Lead To Increased Demand For Lactic Acid In Africa 182
Table 159 Africa: Lactic Acid Market, By Application, 2018–2022 (Usd Million) 182
Table 160 Africa: Lactic Acid Market, By Application, 2023–2028 (Usd Million) 182

12 Polylactic Acid Market, By Region 183
12.1 Introduction 184
Figure 52 Regional Snapshot: China Records Significant Growth Rate 184
Table 161 Polylactic Acid Market Size, By Region, 2018–2022 (Usd Million) 185
Table 162 Polylactic Acid Market Size, By Region, 2023–2028 (Usd Million) 185
Table 163 Polylactic Acid Market Size, By Region, 2018–2022 (Kt) 185
Table 164 Polylactic Acid Market Size, By Region, 2023–2028 (Kt) 185
12.2 North America 186
Table 165 North America: Polylactic Acid Market Size, By Country, 2018–2022 (Usd Million) 186
Table 166 North America: Polylactic Acid Market Size, By Country,2023–2028 (Usd Million) 186
Table 167 North America: Polylactic Acid Market Size, By Country, 2018–2022 (Kt) 187
Table 168 North America: Polylactic Acid Market Size, By Country, 2023–2028 (Kt) 187
Table 169 North America: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 187
Table 170 North America: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 188
Table 171 North America: Polylactic Acid Market Size, By Country, 2018–2022 (Usd Million) 188
Table 172 North America: Polylactic Acid Market Size, By Country,2023–2028 (Usd Million) 188
12.2.1 Us 189
12.2.1.1 Rising Awareness For Reducing Plastic Waste To Drive Market Growth 189
Table 173 Us: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 189
Table 174 Us: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 189
12.2.2 Canada 190
12.2.2.1 Government Regulations To Deter Plastic Use To Drive Market Growth 190
Table 175 Canada: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 190
Table 176 Canada: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 190
12.2.3 Mexico 191
12.2.3.1 Increased Demand For Biodegradable Bags To Drive Market Growth 191
Table 177 Mexico: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 191
Table 178 Mexico: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 191
12.3 Europe 192
Figure 53 Europe: Market Snapshot 193
Table 179 Europe: Polylactic Acid Market Size, By Country, 2018–2022 (Usd Million) 193
Table 180 Europe: Polylactic Acid Market Size, By Country, 2023–2028 (Usd Million) 194
Table 181 Europe: Polylactic Acid Market Size, By Country, 2018–2022 (Kt) 194
Table 182 Europe: Polylactic Acid Market Size, By Country, 2023–2028 (Kt) 194
Table 183 Europe: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 195
Table 184 Europe: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 195
12.3.1 Germany 195
12.3.1.1 Increased Demand For Biopolymer Automobile Components To Fuel Market Growth 195
Table 185 Germany: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 196
Table 186 Germany: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 196
12.3.2 Italy 196
12.3.2.1 Increased Awareness For Environmentally Friendly Products Among Italian Customers To Drive Market Growth 196
Table 187 Italy: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 197
Table 188 Italy: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 197
12.3.3 Spain 198
12.3.3.1 Rising Demand For Processed Food Products To Boost Market Growth 198
Table 189 Spain: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 198
Table 190 Spain: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 199
12.3.4 Uk 199
12.3.4.1 Growth Opportunities For Manufacturers In Automobile Industry To Drive Market Growth 199
Table 191 Uk: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 199
Table 192 Uk: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 200
12.3.5 France 200
12.3.5.1 Expansion Of Key Players To Drive Market Growth 200
Table 193 France: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 200
Table 194 France: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 201
12.3.6 Rest Of Europe 201
12.3.6.1 Industrial Developments To Enhance Use In Packaging And Agriculture 201
Table 195 Rest Of Europe: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 202
Table 196 Rest Of Europe: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 202
12.4 Asia Pacific 202
Figure 54 Asia Pacific: Polylactic Acid Market Snapshot 203
Table 197 Asia Pacific: Polylactic Acid Market Size, By Country, 2018–2022 (Usd Million) 204
Table 198 Asia Pacific: Polylactic Acid Market Size, By Country, 2023–2028 (Usd Million) 204
Table 199 Asia Pacific: Polylactic Acid Market Size, By Country, 2018–2022 (Kt) 204
Table 200 Asia Pacific: Polylactic Acid Market Size, By Country, 2023–2028 (Kt) 205
Table 201 Asia Pacific: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 205
Table 202 Asia Pacific: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 205
12.4.1 China 206
12.4.1.1 Biodegradable Nature Of Pla To Fuel Its Demand In Various Industries 206
Table 203 China: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 206
Table 204 China: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 206
12.4.2 Japan 207
12.4.2.1 Advancements In Automobile Industry To Drive Market Growth 207
Table 205 Japan: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 207
Table 206 Japan: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 207
12.4.3 India 208
12.4.3.1 Rising Demand For Processed Food To Encourage Growth Of Eco-Friendly Food Packaging Applications 208
Table 207 India: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 208
Table 208 India: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 209
12.4.4 Australia & New Zealand 209
12.4.4.1 Decrease In Raw Material Prices To Encourage Usage Of Pla 209
Table 209 Australia & New Zealand: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 209
Table 210 Australia & New Zealand: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 210
12.4.5 Rest Of Asia Pacific 210
12.4.5.1 Manufacturers To Opt For Pla As An Alternative To Traditional Plastics 210
Table 211 Rest Of Asia Pacific: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 210
Table 212 Rest Of Asia Pacific: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 211
12.5 Rest Of The World (Row) 211
Table 213 Row: Polylactic Acid Market Size, By Country, 2018–2022 (Usd Million) 211
Table 214 Row: Polylactic Acid Market Size, By Country, 2023–2028 (Usd Million) 212
Table 215 Row: Polylactic Acid Market Size, By Country, 2018–2022 (Kt) 212
Table 216 Row: Polylactic Acid Market Size, By Country, 2023–2028 (Kt) 212
Table 217 Row: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 212
Table 218 Row: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 213
Table 219 Row: Polylactic Acid Market Size, By Country, 2018–2022 (Usd Million) 213
Table 220 Row: Polylactic Acid Market Size, By Country, 2023–2028 (Usd Million) 213
12.5.1 South America 214
12.5.1.1 Increased Export Of Biopolymers To Drive Market Growth 214
Table 221 South America: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 214
Table 222 South America: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 214
12.5.2 Middle East 215
12.5.2.1 Key Manufacturers To Opt For Biodegradable Materials For Usage In Industrial Applications 215
Table 223 Middle East: Polylactic Acid Market Size, By Application,2018–2022 (Usd Million) 215
Table 224 Middle East: Polylactic Acid Market Size, By Application,2023–2028 (Usd Million) 215
12.5.3 Africa 216
12.5.3.1 Sluggish Economic Growth And Low-Technological Development To Lead To Muted Market Demand 216
Table 225 Africa: Polylactic Acid Market Size, By Application, 2018–2022 (Usd Million) 216
Table 226 Africa: Polylactic Acid Market Size, By Application, 2023–2028 (Usd Million) 216

13 Competitive Landscape 217
13.1 Overview 217
13.2 Strategies Adopted By Key Players 217
Table 227 Overview Of Strategies Adopted By Key Players 217
13.3 Historical Revenue Analysis Of Key Players 219
Figure 55 Revenue Analysis Of Key Players In Lactic Acid Market,2020–2022 (Usd Billion) 219
13.4 Market Share Analysis 220
Table 228 Market Share Analysis Of Lactic Acid Market, 2022 220
13.5 Company Evaluation Quadrant (Key Players) 221
13.5.1 Stars 221
13.5.2 Emerging Leaders 221
13.5.3 Pervasive Players 221
13.5.4 Emerging Companies 221
Figure 56 Global Lactic Acid & Polylactic Acid Market, Company Evaluation Quadrant, Key Players, 2022 222
13.5.5 Competitive Benchmarking 223
Table 229 Lactic Acid Market: Company Application Footprint 223
Table 230 Lactic Acid Market: Company Region Footprint 223
Table 231 Polylactic Acid Market: Company Application Footprint 224
Table 232 Polylactic Acid Market: Company Region Footprint 224
13.6 Lactic Acid Market: Evaluation Quadrant Of Startups/Smes 225
13.6.1 Progressive Companies 225
13.6.2 Starting Blocks 225
13.6.3 Responsive Companies 225
13.6.4 Dynamic Companies 225
Figure 57 Lactic Acid Market: Evaluation Quadrant Of Startups/Smes 226
13.6.5 Competitive Benchmarking 227
Table 233 Lactic Acid Market: Detailed List Of Key Startups/Smes 227
Table 234 Lactic Acid Market: Competitive Benchmarking Of Startups/Smes 228
Table 235 Polylactic Acid Market: Competitive Benchmarking Of Startups/Smes 228
13.7 Competitive Scenario 228
13.7.1 Product Launches 228
Table 236 Lactic Acid Market: Product Launches, 2019–2022 228
Table 237 Lactic Acid Market: Deals, 2019–2022 229
Table 238 Lactic Acid Market: Others, 2019–2022 229

14 Company Profiles 232
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Mnm View (Key Strengths/Right To Win, Strategic Choices Made, Weakness/Competitive Threats)*
14.1 Key Players 232
14.1.1 Corbion 232
Table 239 Corbion: Business Overview 232
Figure 58 Corbion: Company Snapshot 233
Table 240 Corbion: Products Offered 233
Table 241 Corbion: Others 235
14.1.2 Cargill, Incorporated 237
Table 242 Cargill, Incorporated: Business Overview 237
Figure 59 Cargill, Incorporated: Company Snapshot 237
Table 243 Cargill, Incorporated: Products Offered 238
Table 244 Cargill, Incorporated: Product Launches 240
Table 245 Cargill, Incorporated: Deals 240
Table 246 Cargill, Incorporated: Others 241
14.1.3 Galactic 243
Table 247 Galactic: Business Overview 243
Table 248 Galactic: Products Offered 243
Table 249 Galactic: Others 244
14.1.4 Unitika Ltd 245
Table 250 Unitika Ltd: Business Overview 245
Figure 60 Unitika Ltd: Company Snapshot 245
Table 251 Unitika Ltd: Products Offered 246
14.1.5 Sulzer Ltd 247
Table 252 Sulzer Ltd: Company Overview 247
Figure 61 Sulzer Ltd: Company Snapshot 248
Table 253 Sulzer Ltd: Product Offerings 248
Table 254 Sulzer Ltd: Others 249
14.1.6 Toray Industries 250
Table 255 Toray Industries: Company Overview 250
Figure 62 Toray Industries: Company Snapshot 250
Table 256 Toray Industries: Product Offerings 251
Table 257 Toray Industries: Product Launches 251
14.1.7 Henan Jindan Lactic Acid Technology Co., Ltd. 252
Table 258 Henan Jindan Lactic Acid Technology Co., Ltd.: Business Overview 252
Figure 63 Henan Jindan Lactic Acid Technology Co., Ltd: Company Snapshot 253
Table 259 Henan Jindan Lactic Acid Technology Co., Ltd: Others 254
14.1.8 Musashino Chemical Laboratory, Ltd 256
Table 260 Musashino Chemical Laboratory, Ltd: Business Overview 256
14.1.9 Vigon International, Llc 258
Table 261 Vigon International, Llc: Business Overview 258
14.1.10 Henan Xinghan Biotechnology Co. Ltd 259
Table 262 Henan Xinghan Biotechnology Co. Ltd: Business Overview 259
14.1.11 Danimer Scientific 261
Table 263 Danimer Scientific: Business Overview 261
14.1.12 Jungbunzlauer Suisse Ag 262
Table 264 Jungbunzlauer Suisse Ag: Business Overview 262
14.1.13 Foodchem International Corporation 264
Table 265 Foodchem International Corporation: Business Overview 264
14.1.14 Vaishnavi Bio Tech International Limited 265
Table 266 Vaishnavi Bio-Tech International Limited: Business Overview 265
14.1.15 Spectrum Chemical 266
Table 267 Spectrum Chemical: Business Overview 266
14.1.16 Godavari Biorefineries Ltd 268
Table 268 Godavari Bio-Refineries Ltd: Business Overview 268
14.1.17 Proagro Gmbh 269
Table 269 Proagro Gmbh: Business Overview 269
14.1.18 Qingdao Abel Technology Co. Ltd 270
14.1.19 Abmcomposite 270
14.1.20 Jiaan Biotech 271
*Details On Business Overview, Products/Solutions/Services Offered, Recent Developments, Mnm View (Key Strengths/Right To Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not Be Captured In Case Of Unlisted Companies.

15 Adjacent & Related Markets 272
15.1 Introduction 272
15.2 Limitations 272
15.3 Bioplastics & Biopolymers Market 272
15.3.1 Market Definition 272
Table 270 Bioplastics & Biopolymers: Definition 273
15.3.2 Market Overview 274
15.3.3 Bioplastics & Biopolymers Market, By Product Type 274
Table 271 Bioplastics & Biopolymers Market, By Product Type, 2018–2021 (Kt) 275
Table 272 Bioplastics & Biopolymers Market, By Product Type, 2022–2027 (Kt) 276
Table 273 Bioplastics & Biopolymers Market, By Product Type,2018–2021 (Usd Million) 277
Table 274 Bioplastics & Biopolymers Market, By Product Type,2022–2027 (Usd Million) 278
15.3.4 Bioplastics & Biopolymers Market, By Region 278
Table 275 Bioplastics & Biopolymers Market, By Region, 2018–2021 (Kiloton) 279
Table 276 Bioplastics & Biopolymers Market, By Region, 2022–2027 (Kiloton) 279
Table 277 Bioplastics & Biopolymers Market, By Region, 2018–2021 (Usd Million) 279
Table 278 Bioplastics & Biopolymers Market, By Region, 2022–2027 (Usd Million) 280
15.4 Organic Acid Market 280
15.4.1 Market Definition 280
15.4.2 Market Overview 280
15.4.3 Organic Acid Market, By Application 280
Table 279 Organic Acid Market, By Application, 2015–2022 (Usd Million) 281
Table 280 Organic Acid Market, By Application, 2015–2022 (Kt) 281
15.4.4 Organic Acid Market, By Region 281
Table 281 Organic Acid Market, By Region, 2015–2022 (Usd Million) 281
Table 282 Organic Acid Market, By Region, 2015–2022 (Kt) 282

16 Appendix 283
16.1 Discussion Guide 283
16.2 Knowledgestore: Marketsandmarkets’subscription Portal 289
16.3 Customization Options 291
16.4 Related Reports 291
16.5 Author Details 292

  • Global Triethylenetetramine (TETA) Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 89
    The global Triethylenetetramine (TETA) market was valued at US$ 340.5 million in 2023 and is anticipated to reach US$ 482.3 million by 2030, witnessing a CAGR of 4.1% during The forecast period 2024-2030. North American market for Triethylenetetramine (TETA) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Triethylenetetramine (TETA) is estimated to increase from......
  • Global Ecamsule Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 76
    Ecamsule (USAN, trade name Mexoryl SX, INCI terephthalylidene dicamphor sulfonic acid) is an organic compound which is added to many sunscreens to filter out UVA rays. It is a benzylidene camphor derivative, many of which are known for their excellent photostability. The global Ecamsule market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. Asia-Pacific is expected to experience Th......
  • Global Dioxybenzone Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 88
    Dioxybenzone (benzophenone-8) is an organic compound used in sunscreen to block UVB and short-wave UVA (ultraviolet) rays. It is a derivative of benzophenone. It is a yellow powder with a melting point of 68 °C. It is insoluble in water, but moderately soluble in ethanol and isopropanol. The global Dioxybenzone market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. Asia-Pacific is ......
  • Global Cinoxate Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 83
    Cinoxate is an organic compound used as an ingredient in some types of sunscreens. It is an ester formed from methoxycinnamic acid and 2-ethoxyethanol. It is a slightly yellow viscous liquid that is insoluble in water, but miscible with alcohols, esters, and vegetable oils. The global Cinoxate market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. Asia-Pacific is expected to experi......
  • Global Tributyl Phosphate Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 86
    Tributyl phosphate, known commonly as TBP, is an organophosphorus compound with The chemical formula (CH3CH2CH2CH2O)3PO. This colourless, odorless liquid finds some applications as an extractant and a plasticizer. It is an ester of phosphoric acid with n-butanol. The global Tributyl Phosphate market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. The market for tributyl phosphate ......
  • Global Sodium Bromide Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 93
    Sodium bromide is a colorless cubic crystal or white granular powder. Odorless, salty and slightly bitter. Sodium bromide can be used in photosensitive industry, flavoring industry, printing and dyeing industry, microdetermination of cadmium, bromides, inorganic and organic synthesis, photographic plate, etc. The global Sodium Bromide market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030.......
  • Global Gulonic Acid Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 76
    The global Gulonic Acid market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Gulonic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Gulonic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of ......
  • Global Methyl-2-Cyanoacrylate Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 103
    The global Methyl-2-Cyanoacrylate market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. As an important organic chemical raw material, 2-methyl cyanoacrylate is widely used in The production of coatings, adhesives, fibers, plastics and other fields. As these fields continue to develop, The demand for methyl 2-cyanoacrylate is likely to increase further. This report aims to provide......
  • Global Mevalonic Acid Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 89
    The global Mevalonic Acid market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Mevalonic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Mevalonic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CA......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs