Biotalys' first biofungicide Evoca to be formulated at Kwizda Agro's state-of-the-art facility in Leobendorf, AustriaGhent, BELGIUM, and Vienna, AUSTRIA , Jan. 27, 2022 (GLOBE NEWSWIRE) Press release Biotalys
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The Lactic Acid Market is Estimated to be Valued at USD 1.1 Billion in 2020 and Projected to Reach USD 2.1 Billion by 2025 at a CAGR of 12.8%
The growth of the lactic acid market is driven by its industrial applications, such as biodegradable polymers, food & beverages, personal care products, and pharmaceuticals. The consumption of lactic acid has increased due to its role as a monomer in the production of biodegradable polylactic acid, which is a sustainable bioplastic product.
Polylactic acid is a bio-based renewable polymer that finds application in a wide range of industries. Recent advancements in the production process of polylactic acid and improvements in the properties of polylactic acid through co-polymer blends are the key factors that are projected to create growth opportunities for manufacturers operating in sectors such as food packaging, non-woven, films, and fibers.
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Lactic Acid Market and Polylactic Acid Markets - Global Forecast to 2025 - ResearchAndMarkets.com
January 6, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 6, 2021
The Lactic Acid Market is Estimated to be Valued at USD 1.1 Billion in 2020 and Projected to Reach USD 2.1 Billion by 2025 at a CAGR of 12.8%
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The growth of the lactic acid market is driven by its industrial applications, such as biodegradable polymers, food & beverages, personal care products, and pharmaceuticals. The consumption of lactic acid has increased due to its role as a monomer in the production of biodegradable polylactic acid, which is a sustainable bioplastic product.