Markets and Markets, the international market research and Consultancy Company launched a report about lactic acid marketing and global trends in 2019. Along with the analysis of and projection of markets, the report gives exact definition of lactic acid marketing. Researchers have also identified the volume and value of lactic acid and poly-lactic acid. The latest study report about the marketing of lactic acid; states that the marketing is growing with the rate of about 18.8% per annum from the current year so that it is expected to reach up to 3577.5 million dollars till 2019. As lactic acid is highly in demand for various industrial uses, its production is subjected for swiftness by many production groups. Lactic acid is applied significantly in pharmaceutical industry, food and beverage industry, personal care products, production of biodegradable polymers etc.
Read more about the matter here at - http://www.plasticstoday.com/articles/driven-by-demand-for-PLA-the-future-for-lactic-acid-looks-great-140821
The most important use of lactic acid in the modern time is the production of bioplastic PLA which is one of the most demanded biodegradable plastics nowadays. This product is being used for packaging in food industry. Apart from this, the bioplastic is also being used in agriculture industry, textile and injection molding process. Most of the product now is being developed from petrochemical feedstocks, the development process is projected from the demand point of view.
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