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Industry Analysis of Lactic Acid and Polylactic Acid (PLA) Highlights Continuous Growth by 2021.

Albany, NY, November 23, 2016 --( A new report has been added to the wide collection of research report database of Market Research Hub (MRH). The report titled "Global Lactic Acid and Polylactic Acid (PLA) Market Research Report 2016" studies about the global market scenario of lactic and polylactic acid. Some of the key regions included in the report are North America, Europe, China, India, Japan and South-east Asia.

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The report provides the brief overview about the demand and growth of the market worldwide. Though, lactic acid is used in the production of PLA plastics that are mainly used in packaging products that comply with environmental customs. Increasing bioplastics demand have been coupled with growing adoption of PLA for packaging products and is expected to drive the market over the next six years. The factors that are currently impacting the PLA market is the awareness among consumers on environment safety, rising price of substitutes and raw materials such as petrochemicals. Governments across the globe have imposed ban on the use of plastic bags and also provide incentives for polylactic acid production process. This also has encouraged the shift towards PLA production.

Polylactic acid (PLA) is a bio-degradable thermoplastic polyester produced from lactic acid using various crops like corn, sugarcane, tapioca etc. Just like other sustainable bioplastics, polylactic acid market has enormous potential to be used in several packaging applications of food, beverages and other consumer products that have small shelf-life. Additionally, due to its adaptable characteristics, the material can be used in various high value applications for end-user industries such as textiles, constructions and automotive. According to the research, due to rising demand from its end-use applications, the global market for lactic acid is estimated to witness high growth in future.

Further, the market is segmented on the basis of types, applications as well as regions. Geographically, it is observed that, North America is the largest market for global lactic acid & poly lactic acid market owing to high concentration of related industries in this region. It is then followed closely by Europe and Asia Pacific.

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Leading manufacturers of the market are also mentioned in the report, such as:

Musashino Chemical (China)

Ningxia Hypow Bio-technology

Henan Jindan Lacitc Acid Technology

COFCO Biochemical (Anhui)

Chongqing Bofei Biochemical Products

Xiaogan Kaifeng Bioengineering

Nantong Jiuding Biological Engineering

Yancheng Haijianuo Biological Engineering

Shanxi Leda Biochemical

Zhejiang Hisun Biomaterials

All of these major players are profiled in detail along with company information, manufacturing base and key competitor's analysis. In the end, industrial chain, sourcing strategy & downstream buyers are also analyzed.

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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH's expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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Geographic Code:9CHIN
Date:Nov 23, 2016
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