Market Research Report
Europe Polylactic Acid Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||542488|
|Published||Content info||81 Pages
Delivery time: 2-3 business days
|Europe Polylactic Acid Market Forecast 2019-2027|
|Published: January 14, 2019||Content info: 81 Pages||
The Europe polylactic acid market which was valued at $XX million in the year 2018 is asserted to grow at a CAGR of 12.22% for the years 2019-2027. The market value is also expected to rise in this process and reach $XX million by the end of 2027. The polylactic acid market in Europe drives to a great extent since PLA products have major application in the largest automotive industry in Europe.
The European market is segmented on the basis of the type of products and the type of application. The packaging application of the polylactic acid market is very popular in this region. Since the polylactic acid blends easily with other materials, its applications are gaining widespread popularity in this region. However, its high cost of production can prove to be challenging for the market growth. There have been many ongoing policies in some European countries that promote PLA usage. For instance, under the avoidance of packaging waste in Germany, all stores that provide plastic bags must pay a recycling fee to a dual system for enhancing recycling programs and running source-separated packaging waste collection and recycling schemes.
The noted players in the market include BASF, Thyssenkrupp AG, Solegear Bioplastics Inc., Natureworks LLC, Futerro SA, Teijin Aramid B.V., Dow Chemicals, Mitsubishi Chemical Holding Corporation, Teijin Aramid B.V., Zhejiang Hisun Biomaterials Co., Ltd., Danimer Scientific (Merged By Meridian, Inc.), Innovia Films (Acquired By CCL Industries Inc.), Green Dot Holdings LLC, Total-Corbion, Synbra Holding B.V., Biobent Polymers, etc.