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.
Lactic Acid Market Size Worth $5 02 Billion By 2028 | CAGR: 8 0%: Grand View Research, Inc prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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According to this report, the global Surface Disinfectant Market in terms of Value was USD 2.5 Billion in year 2019 with North America leading regional market share. The growth in the market may be attributed to increasing prevalence of hospital-acquired infections, together with presence of favourable rules regarding usage of surface disinfectants in diagnostic laboratories, hospitals, analysis laboratories, and pharmaceutical & biotechnology labs. The recent flight of the coronavirus (COVID-19) in countries across the globe, has accrued the demand for surface make cleanants to wash and disinfect onerous surfaces like tables, doorknobs, light-weight switches, and countertops, additionally on sanitize soft surfaces like carpeted floor, rugs, and drapes. With the rise in health outlay and therefore the rising range of COVID-19 cases, the demand for surface disinfectants is predicted to grow considerably throu
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The global polylactic acid market size is expected to reach USD 1.82 billion by 2028 registering a CAGR of 18.1% over the forecast period.
The market growth is mainly driven by the high demand for flexible packaging due to the increasing popularity of Quick-Service Restaurants (QSRs) and changing consumer preferences. Moreover, the rapid expansion of the end-use industries, such as agriculture, transport, and textile, will support the market growth. The growing packaging sector is anticipated to create high opportunities for polylactic acid (PLA) during the forecast period.
Packaging was the dominant end-use segment in 2020 and is estimated to continue its dominance over the forecast period. The product is extensively used in this segment for the packaging of foods & beverages, household care, and personal care products.
Global $1.82 Billion Polylactic Acid Market to 2028: High Demand for Flexible Packaging due to the Increasing Popularity of Quick-Service Restaurants and Changing Consumer Preferences
April 12, 2021 07:08 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
ResearchAndMarkets.com s offering.
The global polylactic acid market size is expected to reach USD 1.82 billion by 2028 registering a CAGR of 18.1% over the forecast period.
The market growth is mainly driven by the high demand for flexible packaging due to the increasing popularity of Quick-Service Restaurants (QSRs) and changing consumer preferences. Moreover, the rapid expansion of the end-use industries, such as agriculture, transport, and textile, will support the market growth. The growing packaging sector is anticipated to create high opportunities for polylactic acid (PLA) during the forecast period.