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Polylactic acid is mainly utilized for the production of microwaveable containers, such as disposable cutlery and food containers. The beneficial properties of packaging containers, such as aesthetic appeal, better printability, and resistance to grease & oil, are boosting the demand for polylactic acid market in the formulation of packaging solutions for food products globally. The product is used in the manufacturing of components used in the automotive sector, in applications such as interior parts and under-the-hood components. This product is known for reducing the carbon footprint owing to its high bio content. It offers numerous properties, such as better impact and UV resistance, high gloss, and dimensional stability.
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Polylactic Acid (PLA) Market Size, Share, Growth, Forecast 2021-2026
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Polylactic Acid (PLA) Market Size, Share, Growth, Forecast 2021-2026

According to Expert Market Research, 'Polylactic Acid (PLA) Market Size, Share, Growth, Forecast 2021-2026', the global polylactic acid (PLA) market is expected to grow at a CAGR of 14.8% in the forecast period of 2021-2026 to reach USD 2.07 billion