Market Size of Extruded PLA Fiber Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 15.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Extruded PLA Fiber Market Analysis
The global extruded PLA fiber market is expected to grow with a CAGR greater than 15% during the forecast period. One of the major factors driving the market is the growing demand from the Packaging Industry. However, the high prices in comparison to conventional Fibers are hindering the growth of the market studied.
- Among the end-user industries, the packaging is likely to dominate the market studied during the forecast period.
- Asia-Pacific accounts for the highest share of the market currently and is likely to continue dominating the market during the forecast period.
