INDIA SUSTAINABLE BIOPOLYMERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
India Sustainable Biopolymers Market, By Material Type (Bio-based Polyethylene, Bio-based Polypropylene (Bio-PP), Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Bio-based Polyethylene Terephthalate (Bio-PET), and Others), By Application (Packaging, Agriculture & Horticulture, Textiles, Automotive, Electronics, and Others)
In February 2024, Balrampur Chini, one of India's leading sugar producers, announced a ₹2,000 crore capital expenditure (capex) plan to set up India's first industrial bioplastic manufacturing facility. The company aims to diversify its product portfolio and capitalize on the growing demand for sustainable alternatives to conventional plastics.
In 2022, Dr. Pramod Chaudhari, in collaboration with the Institute of Chemical Technology (ICT), announced the launch of the Center of Excellence for Biopolymers (CoEI). This initiative aims to advance research and development in the field of biopolymers, focusing on sustainable alternatives to conventional plastics.