Last updated on April 18, 2014 at 1:21 EDT

MarketsandMarkets: Global Lactic Acid & Poly Lactic Acid (PLA) Market is Growing at a CAGR of 18.7% and is Expected to Reach $3,831.3 Million by 2016

October 3, 2011

DALLAS, October 3, 2011 /PRNewswire/ –

The report “Global Lactic Acid & Poly Lactic Acid (PLA) Market by
Applications and Potential Opportunities (2011-2016)
[http://www.marketsandmarkets.com/Market-Reports/polylacticacid-387.html ]”
defines and segments the global lactic acid and polylactic acid market with
analysis and forecasts of the global volumes and revenues for lactic acid
and PLA. It also identifies driving and restraining factors for the global
lactic acid and polylactic acid market with analysis of trends,
opportunities, burning issues, and challenges. The market is segmented and
revenue is forecasted on the basis of major geographies such as North
America, Europe, Asia Pacific, Latin America and Rest of the World (ROW).
The key countries are covered and forecasted for each geographical region.
Further market is segmented and revenues are forecasted on the basis of raw
materials, and application types.

Browse more than 100 market data tables/figures spread through 300 pages
and in-depth TOC on “Global Lactic Acid Market
[http://www.marketsandmarkets.com/Market-Reports/polylacticacid-387.html ]&
Poly Lactic Acid (PLA) Market by Applications and Potential Opportunities
(2011-2016)”. Early buyers will receive 10% customization on reports.

The PLA Market
[http://www.marketsandmarkets.com/Market-Reports/polylacticacid-387.html ] is
being driven by increased sustainability and reduced dependence on oil-based
products as there is no other commercially equivalent or better bio plastic
alternative available currently. Further technical advancement in production
capabilities and enhancing properties of polymers will be fueling the
growth. PLA has been seen as an alternative for polyethylene terephthalate
(PET) due to its mechanical properties such as low impact strength,
hardness, stiffness, and elasticity. The major hurdle that is currently
inhibiting the growth of the market is supply limitations, and prices of PLA
that are more than the fossil fuel-based polymers.

The global Poly Lactic Acid Market
[http://www.marketsandmarkets.com/Market-Reports/polylacticacid-387.html ]
for was estimated to be worth $1,194.0 million in 2010 and is expected to
reach $3,831.3 million by 2016, growing at a CAGR of 18.7% from 2011 to
2016. Packaging is the largest application market for PLA, accounting for
60% of the overall market in 2010. Europe and North America are the biggest
markets for PLA; whereas Asia-Pacific is one of the fastest growing markets.
The growth in the market of Asia-Pacific is expected to be fueled by
countries such as Japan, India, China, and Thailand.

Other Reports by MarketsandMarkets

        - Carbon Nanotubes Market
          [http://www.marketsandmarkets.com/Market-Reports/carbon-nanotubes-139.html ]
        - Biodegradable Plastics Market
          [http://www.marketsandmarkets.com/Market-Reports/biodegradable-plastics-93.html ]
        - Smart Meters Market
          [http://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html ]
        - Renewable Energy Market
          [http://www.marketsandmarkets.com/Market-Reports/global-renewable-energy-advanced-technologies-and-global-market-research-90.html ]
        - Fuel Cell Market
          [http://www.marketsandmarkets.com/Market-Reports/fuel-cell-market-348.html ]
        - Intelligent Packaging Market
          [http://www.marketsandmarkets.com/Market-Reports/smart-packaging-324.html ]
        - Femtocell Market
          [http://www.marketsandmarkets.com/Market-Reports/femtocell-advanced-technologies-and-global-market-59.html ]
        - Chocolate Market
          [http://www.marketsandmarkets.com/Market-Reports/global-chocolate-market-164.html ]
        - Singapore Wealth Management
          [http://www.marketsandmarkets.com/Market-Reports/singapore-hnwi-282.html ]
        - Organic Foods & Beverages Market
          [http://www.marketsandmarkets.com/Market-Reports/organic-foods-350.html ]

Upcoming Market Research by MarketsandMarkets

        - Wheat Flour Market
          [http://www.marketsandmarkets.com/Market-Reports/wheat-market-359.html ]
        - UK Top Chemical Distributors
          [http://www.marketsandmarkets.com/Market-Reports/uk-chemical-355.html ]
        - Phenol Market
          [http://www.marketsandmarkets.com/Market-Reports/phenol-market-383.html ]
        - Cheese Market
          [http://www.marketsandmarkets.com/Market-Reports/cheese-market-351.html ]
        - Wax Market
          [http://www.marketsandmarkets.com/Market-Reports/wax-market-418.html ]

About MarketsandMarkets

MarketsandMarkets is a global market research
[http://www.marketsandmarkets.com ] and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a
business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles,
databases, and custom research services. MarketsandMarkets covers thirteen
industry verticals; including advanced materials, automotives and
transportation, banking and financial services, biotechnology, chemicals
[http://www.marketsandmarkets.com/chemicals-market-research-10.html ],
consumer goods, energy and power, food and beverages, industrial automation,
medical devices, pharmaceuticals, semiconductor and electronics, and
telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by
providing apt business insight with our huge market intelligence repository.
To know more about us and our reports, please visit our website


        Mr. Rohan
        7557 Rambler Road,
        Suite 727, Dallas, TX 75231
        Tel: +1-888-6006-441
        Email:  sales@marketsandmarkets.com
        MarketsandMarkets Blog [http://www.marketsandmarketsblog.com  ]


SOURCE MarketsandMarkets

Source: PR Newswire