POLYLACTIC ACID MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Polylactic Acid Market, By Raw Material (Corn starch, Sugarcane, Cassava, and Others), By Application (Rigid thermoform, Film & sheets, Bottles, and Others), By End-use (Packaging, Agriculture, Automotive & transportation, Electronics, Textile, Consumer goods, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Praj Industries is setting up a pilot plant for the production of polylactic acid (PLA), a bioplastic made from renewable biomass. The company has stated that the PLA pilot plant is nearing completion and it expects the demo plant operation to start by April 2024.
In October 2023, NatureWorks LLC, a PLA manufacturer, announced its commencement of a PLA facility in Thailand
In April 2023, NatureWorks LLC introduced its new PLA biopolymer, Ingeo 6500D for non-wovens. The tensile strength of the newly introduced application provides enhanced processing for converters, boosting low basis weight fabric applicationion on the latest generation of spunbound equipment.
In 2023, Sulzer signed an agreement with China's Jindan New Biomaterials to produce polylactic acid (PLA), a biobased plastic