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The Lactic Acid Market is projected to reach USD 2.8 billion by 2028 from USD 1.6 billion by 2023, at a CAGR of 12.4% from 2023 to 2028 according to a report published by MarketsandMarkets™. The global polylactic acid market is anticipated to be valued at USD 1.3 billion in 2023 and escalate to USD 2.9 billion in 2028 by growing at a CAGR of 17.7%. The surging concerns over global warming and plastic pollution have led to significant attention being directed towards bioplastics.
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