3D Printing PLA Market worth $818.0 million by 2027

3D Printing PLA Market by Application (Consumer Products, Automotive Parts, Industrial Applications, Healthcare, Aerospace and Defense, Others) And Geography – Global Forecast To 2027

The 3D Printing PLA Market is expected to grow at a CAGR of 19.8% from 2020 to 2027 to reach $818 million by 2027. 3D printing has been evolving rapidly and is expected to provide an ideal alternative to manufacturing processes. PLA (Polylactic acid) material is effective in designing prototypes for equipment and machines. PLA is derived from natural sources, such as sugarcane and corn starch, making it environment-friendly and cost-effective. This technology is used across various industry verticals, such as automotive, food packaging, and consumer goods. The growth of the 3D printing PLA market is mainly attributed to the rising demand for bioplastics, favorable government initiatives, and the performance benefits of PLA. Additionally, the rising adoption of PLA in the healthcare sector provides significant growth opportunities for players operating in this market.

Report Story