- The market for Polylactic Acid (PLA) compostable multilayer films is expanding as manufacturers focus on sustainable packaging solutions that reduce environmental impact and meet consumer demand for greener products
- Advances in film technology are enhancing the barrier properties and durability of compostable multilayer films, enabling their use in diverse applications such as food packaging and consumer goods
- North America leads the global Polylactic Acid (PLA) compostable multilayer films market with the largest revenue share of approximately 38% in 2024, driven by increasing consumer awareness of sustainable packaging and supportive government policies promoting biodegradable materials
- Asia-Pacific region is expected to witness the highest growth rate in the global Polylactic Acid (PLA) compostable multilayer films market, driven by increasing government initiatives promoting sustainable packaging, rising consumer awareness about environmental impact, and rapid expansion of the food and beverage industry in countries such as China, India, and Japan.
- The thermoforming segment holds the largest market revenue share in 2024, driven by its extensive use in packaging applications due to its ability to form rigid and semi-rigid containers with good clarity and barrier properties. Thermoforming films are favored in food packaging, offering a balance between performance and cost-efficiency
