Nowadays, it has become a hot topic in the bioplastics field,
when will PLA manufacturing start in India and who will be the manufacturer? As Reliance has already announced that they will be coming up with PBAT manufacturing in India, now it is time for PLA manufacturing.
After witnessing continuous and significant growth in the compostable/biodegradable market, everyone is keeping an eye on PLA manufacturing in India and many companies are interested to be a part of it.
As per European Bioplastics market research data, the market share of PLA will grow dramatically from 20.7% in 2022 to 37.9% in 2027. It has already seen significant growth from 2019 to 2022.
So, nowadays it has become a promising market for everyone. It depicts that PLA is the most commercially viable material for the industry.
Everyone is fascinated by this market scenario and wants to get involved in the lucrative PLA manufacturing sector. Moreover, the Indian market has seen rapid growth in the compostable and biodegradable market within 2022. Single-use products market is shifting to compostable to be in line with government rules and regulations. In addition, the government has also started taking action to implement the single-use plastic ban in the market. DRDO (Defence Research and Development Organisation) is also encouraging the industry aggressively to establish more compostable product manufacturers in India by offering compound and product manufacturing technology for free. The market for bioplastics is growing as a result of the combined impact of all the activities.
Massive corporations are trying to get the PLA manufacturing technology in order to quickly commercialise it in India. It aims to launch PLA production as soon as possible in India and seize the expanding market to benefit from being an early adopter.
As a lab-scale technology developer, we are also working on commercialising the technology by scaling it up and setting up the first PLA production facility in India.
Now, people are cautious of using plastic food packaging, thanks to public awareness, since it is in direct contact with food. Moreover, microplastics have already been detected in human bodies.
All of these combined initiatives aim to stop individuals from using plastic products that are harmful to the environment and humanity.