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Global market value polylactic acid 2017-2027

In 2027, it is forecast that the market value of polylactic acid (PLA) will reach a market value of some 1.5 billion U.S. dollars, a steep rise from the 2019 market value of 536 million U.S. dollars. Polylactic acid is a bioplastic used in industries such as textiles, packaging, and medical devices. It is the most widely used plastic filament material for 3D printing.

Market value of polylactic acid worldwide from 2017 to 2027

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Source

Release date

October 2020

Region

Worldwide

Survey time period

2017 to 2019

Supplementary notes

*Figures estimated by the source in 2018 and 2019 editions of the press release, respectively for 2017 and 2018.
** Forecast based on a CAGR of 15.9 percent between 2020 and 2027.
This statistic has been assembled using three separate editions of the press release, spanning from 2018, 2019, to 2020.

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