Stretch & Shrink Film Market Research Report by Materials Type, by End User, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19
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Chinese dairy firm launches PCR packaging | Plastics in Packaging
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Lactic Acid Market Size Worth $5.02 Billion By 2028 | CAGR: 8.0%: Grand View Research, Inc.
SAN FRANCISCO, April 26, 2021 /PRNewswire/ The global lactic acid market size is expected
to reach USD 5.02 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 8.0% from 2021 to
2028. The market growth can be attributed to the increasing demand for lactic acid in various end-use industries, including industrial, food and beverages, and pharmaceuticals, especially in emerging economies such as India, China, and Indonesia. Additionally, demand for this product as a feedstock in the production of polylactic acid (PLA) is anticipated to drive the market globally.
April 20, 2021
Dow and Lucro Plastecycle, an Indian recycling company, have welcomed Marico, one of the Asian country’s major consumer goods companies, into a tripartite partnership. Marico will introduce Dow’s post-consumer recyclate (PCR)-based coalition shrink films into its line of consumer products.
The alliance enables Dow to work towards meeting its new sustainability target of stopping waste by collecting 1 million tonnes of plastics for reuse or recycling by 2030.
Earlier this year, Dow and Lucro signed a memorandum of understanding (MoU) to develop and launch PE film solutions. Under the MoU, Dow will utilise its team of packaging experts, material scientists, recycling equipment, blown film manufacturing and testing capabilities at Pack Studios Shanghai and Mumbai to help Lucro develop recycled film for various applications.