The global polylactic acid market size is expected to experience exponential growth by reaching USD 2,306,708.2 thousand by 2028. This information is published by Fortune Business Insights in its latest report, titled, “Polylactic Acid Market, 2021-2028.” The report further observes that the market stood at USD 698,200.9 thousand in 2020 and is projected to exhibit a CAGR of 16.3% between 2021 and 2028. Information Source - https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

According to Fortune Business Insights™, the global lactic acid market size was USD 1.18 billion in 2020. The market is projected to grow from USD 1.28 billion in 2021 to USD 2.43 billion in 2028 at a CAGR of 9.6% during the 2021-2028 period. According to our researchers, lactic acid or 2-Hydroxypropanoic acid is a natural biological acid with several applications in the food, pharmaceutical, chemical, cosmetic, and medical industries. It is formed by fermenting sugar acquired from renewable means, terming it as an eco-friendly creation. The product is generally utilized in polylactic acid (PLA) formation, a compostable thermoplastic and recyclable polymer created from renewable mediums. Source: https://www.fortunebusinessinsights.com/lactic-acid-market-102119