Global market value polylactic acid 2022 and 2032

In 2032 it is forecast that the market value of polylactic acid (PLA) will reach some 3.2 billion U.S. dollars. That is a steep rise from the 2022 market value of only one billion U.S. dollars representing a compound annual growth rate of 11.9 percent.

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.