Polylactic Acid Market- Global Opportunity Analysis and Industry Forecast, 2012–2020
Allied Market Research published a detailed report on the global polylactic acid market. Polylactic Acid (PLA) is a biodegradable and compostable thermoplastic aliphatic polymer produced using crops such as corn, sugarcane, and tapioca. According to the expert analysis, the polylactic acid market is expected to accrue $5.2 billion by 2020. The market was valued at $305.6 million in 2014 and will show a compound annual growth rate of 19.5% during the forecast period 2013–2020.
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