The global polylactic acid (PLA) market is expected to exhibit strong growth, reaching USD 2.4 billion by 2030. As per the report titled "Polylactic Acid (PLA) Market Size, Share & Recession Impact Analysis, By Grades (Thermoforming Grade, Injection Molding Grade, Extrusion Grade, Blow Molding Grade and Others), By Application (Rigid Thermoforms, Films & Sheets, Bottles and Others), By Industries (Packaging, Consumer Goods, Agriculture, Textile, Biomedical and Others), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 1.1 billion and USD 2.4 billion in 2030. The market is expected to exhibit a CAGR of 11.90% during the forecast period.
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