Global Lactic Acid and Polylactic Acid Market to Reach US $3,381.8 Mn and US $1,358.1 Mn Respectively by 2023 End, Substantial Traction as Bioplastics Accentuates Demand
The use of lactic acid in the manufacture of biodegradable plastics is one of the key growth factors of the lactic acid market in the coming years. Rising environmental concerns due to dumping of plastics in landfills is promoting the use of bioplastics, which is indirectly benefitting the lactic acid market. Lactic acid is a carboxylic acid that is used across a host of end-use industries owing to its chemical properties. Lactic acid is also used in food and beverage,...
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