D-lactic Acid Market Analysis

  • Report ID: 3952
  • Published Date: Aug 06, 2023
  • Report Format: PDF, PPT

D-lactic Acid Market Analysis

Concentration (Below 90%, Above 90%)

The above 90% segment is estimated to hold 60% share of the global D-lactic acid market during the forecast period owing to its use in the tanning, leather, and textile industries, pesticides, agrochemicals, production of biodegradable plastic, and others. The growth of the segment can be attributed to the increasing demand for biodegradable plastics produced from above 90% concentrated D-lactic acid which has high strength, and transparency, and use heat resistance, suitable for the utilization of applications such as packaging, disposable products, and much more. Upsurging demand for environmentally friendly and sustainable products, combined with government initiatives encouraging the use of biodegradable plastics, is expected to propel high demand for biodegradable plastics during the forecast period.

Application (Medicine, Pesticide, Chemicals)

D-lactic acid market from the pesticide segment is predicted to hold a tremendous share in the near future. As per the report by FAO, in 2018, globally around 4.12 million tonnes of pesticides were used in agriculture. Moreover, the use of pesticides has huge economic benefits for the farmer, as well as, the overall food & beverages industry. For instance, as per the study by World Health Organization (WHO), every USD 1 spent on pesticides for crops can result in up to USD 4 saved in crops.  This indicates that for every USD 10 billion spent on pesticides, an additional USD 40 billion can be saved in crop losses owing to insect and weed damage.

Our in-depth analysis of the global market includes the following segments:

         Concentration

  • Below 90%
  • Above 90%

           Application

  • Medicine
  • Pesticide
  • Chemicals
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 3952
  • Published Date: Aug 06, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing Utilization in the Food and Beverage Industry and Upsurging Consumer Preferences for Natural Ingredients are the major factors driving the market growth.

The market size of d-lactic acid is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023-2035.

The major players in the market are BASF SE, Corbion NV, Lallemand Inc., GALACTIC Group, Tate & Lyle PLC, Musashino Chemical Laboratory, Ltd., Juneng Golden Corn Co. Ltd., and others.

The above 90% segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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