According to BezeConsulting, the global market size for the Polylactic Acid (PLA) industry was $2.159 billion in 2023, with a compound annual growth rate (CAGR) of 17.85% projected for the period 2023-2028.
1. The plastic ban promotes the expansion of biodegradable plastics production capacity. The substitution of biodegradable plastics is an important way to reduce the source of plastic pollut...