Polylactic Acid Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2028

  The global '' polylactic acid market size '' is expected to gain momentum by reaching USD 2,306,708.2 thousand by 2028 while exhibiting an impressive CAGR of 16.3% between 2021 and 2028. Fortune Business Insights published this information in its latest report, titled, “ Polylactic Acid Market Size, Share & COVID-19 Impact Analysis, By Application (Packaging, Textiles, Consumer Goods, Agriculture & Horticulture, and Others), and Regional Forecast, 2021-2028 .”   The report further mentions that the market stood at USD 698,200.9 thousand in 2020. The growth is attributable to the rising packaging industry and the growing demand for biodegradable plastics that will propel the demand for advanced polylactic acid during the forecast period.   COVID-19 Leads to Reduced Adoption of PLA Owing to Industrial Shutdown In April 2020, the International Monetary Fund (IMF) estimated a 3% fall in the overall global economic activity in 2020, which is belie