Bio-Polylactic Acid (PLA) Market Size, Scope, Demand Analysis 2022-2028

The global bio-polylactic acid (pla) market size was valued at USD 573.2 million in 2021 and is poised to grow at a significant CAGR of 18.7% during the forecast period 2022-28. Taghleef Industries. Favorable government policies toward bioplastics are the key driver of market growth. The global bio-PLA films market is driven by the growth of the global food and beverage industry and an increase in demand for food packaging for long-term preservation. The rapid adoption of bio- polylactic acid (PLA) films in agricultural applications, such as soft fruit and vegetable growing, has minimized negative environmental effects. The worldwide bio-polylactic acid (PLA)films market is likely to be restrained by higher bio-polylactic (PLA) film costs than synthetic and semi-synthetic films during the forecast period.