Polylactic Acid (PLA) Market to Grow at a CAGR of 15.9%, Globally, by 2020

Portland, OR -- (SBWIRE) -- 06/14/2017 -- The new report, "Polylactic Acid (PLA) Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2020", published by Allied Market Research state that, the polylactic acid market was worth $305.6 million in 2014 and is projected to grow at a CAGR of 15.9% during 2015-2020 owing to the rising environmental awareness, increasing popularity of newer applications and the favorable government policies. notes that packaging application segment would continue to dominate the global polylactic acid market during 2014-2020.