Global L lactide MarketPosted by ashwini ramkrishna ahirrao on August 27th, 2019 Global L lactide Market was valued US$ 781 Mn in 2017 and is anticipated to reach a US$ 2230 Mn by 2026 at a CAGR of about 14 % during a forecast. Global L-lactide Market is segmented by end use and by region. In terms of end-user industry, the L-lactide market is classified into food & beverage packaging, electrical & electronics, medical & health care, and others. Regional segmentation of L-lactide market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Increase in demand for bioplastics such as polylactic acid (PLA) across the globe due to environmental concerns is anticipated to drive the L-lactide market. L-lactide growth is majorly driven by rising demand for bioplastics. Polylactic acid – PLA – is a commonly used bioplastics that is derived from L-lactide. L-lactide offers favourable applications in the medical & health care sector, evolution in nanotechnology and material science favouring the growth of L-lactide market in the forecast period. Utility of L-lactide in soil retention sheeting, agricultural films, and waste bags offers opportunity to L-lactide market. Global L lactide Market Food & beverage packaging is a leading class in L-lactide market followed by electrical & electronics. Increased use of L-lactide in food containers, bags and cups, and disposable service ware and utensils the food & beverage packaging class acquires high market share. The properties of L-lactide, such as feasibility, its barrier properties and appearance, make it use in packaging. Due to increasing applications of L-lactide in 3D printing and rapid prototyping it is about grow in electrical & electronics sector. Medical & health care shows growth at slow pace in a forecast. North America holds major share of the global L-lactide market. Policies and regulations enacted by the EPA upon plastic use has encouraged the use of bio-based plastic hence boosted the L-lactide market in the North America. NatureWorks, Tokyo Chemical, Polysciences, Corbion, Synbra Technology, Teiji, Toray, Futerro, Toyobo, Toronto Research Chemicals, Synbra Technology, Teijin, Toray Global L-lactide Market By End-use: • Food & Beverage Packaging • Asia Pacific • Futerro For more information @ https://www.maximizemarketresearch.com/market-report/l-lactide-market/13265/ Like it? Share it!More by this author |