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.
On December 21, 2023, the Customs Tariff Commission of the State Council released the "2024 Tariff Adjustment Plan," which involves adjustments to the import and export tariffs for certain goods. Notably, Polylactic Acid (PLA), also known as polylactide or polyactide, was not included in the provisional tariff rate table for imported goods.
Under the continuous drive of plastic restriction policies, pulp molded products and degradable plastics such as Polylactic Acid (PLA) are experiencing robust development. The primary advantages and disadvantages of pulp molded products and degradable plastics like PLA are compared as follows:
The difference between PBAT and PLA is quite evident. PLA has a higher molecular modulus and greater tensile strength, but relatively poor ductility, making it a "rigid" material. In contrast, PBAT has a high fracture elongation rate and good ductility, making it very "flexible."