Lactic Acid Market Share

Polylactic Acid Market Share

Global lactic acid market is significantly consolidated with key layers including:

• Corbion Purac
• Cargil
• Hebei Jindan
• BBCA Biochemical & Galactic
• Xinghan
• Baisheng.

Companies are primarily engaged in strategic partnerships & acquisitions to expand their distribution network and meet growing demand for natural products. Manufacturers are also developing new products for specific applications to achieve competitive advantage.
 

Global polylactic acid market is highly consolidated and the primary participants include  NatureWorks, Total Corbion PLA, Hisun, and BBCA Biochemical & Galactic. Manufacturers are involved in strategic agreements to enhance brand recognition and market penetration. Companies are also engaged in production capacity expansions to satisfy rising demand for bioplastics.