PLA BIOPOLYMER MARKET
INTRODUCTION PLA BIOPOLYMER MARKET
Bio-based hybrid polymer composites.PLA is a biodegradable, highly versatile polyester produced from renewable sources.
It is mainly based on agricultural bases such as corn, beet, wheat, and other starchy products.PLA is a thermoplastic, high-strength, high-modulus polymer that can be made from annually renewable sources to yield articles for use in either the industrial packaging field or the biocompatible/bioabsorbable medical device market.
Polylactic acid, also known as PLA, is a thermoplastic monomer derived from renewable, organic sources such as corn starch or sugar cane.
Using biomass resources makes PLA production different from most plastics, which are produced using fossil fuels through the distillation and polymerization of petroleum.
Polylactic acid or polylactide (PLA) is a polyester derived from renewable biomass, typically from fermented plant starch, such as corn, cassava, sugarcane or sugar beet pulp.
PLA BIOPOLYMER MARKET SIZE AND FORECAST
Global PLA biopolymer market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
PLA BIOPOLYMER MARKET NEW PRODUCT LAUNCH
The first batch of Bonsucro certified sugar for production of Corbion PLA (Poly Lactic Acid) was delivered last month to the Total Corbion site in Rayong, Thailand.
For the first time, PLA biopolymer resins made from Bonsucro certified sugarcane are commercially available.
Corbion, headquartered in Gorinchem, the Netherlands, is a leading producer of PLA polymers and lactide monomers.
As part of its 50/50 joint venture with Total (‘Total Corbion’), Corbion has constructed a lactic acid polymerisation plant in Rayong, Thailand.
PLA is a biobased and biodegradable plastic produced with renewable biomass feedstocks like sugarcane, offering an alternative to fossil-based plastics.
Using Bonsucro certified cane sugar as a feedstock, sugar is converted to lactic acid through fermentation, which in turn is used as a base for bio-based innovations, such as PLA bioplastic pellets.
PLA pellets are used in a broad range of applications, such as packaging, consumer goods and automotive components.
Total Corbion’s Senior Marketing Director, François de Bie, highlighted the benefits that sugarcane-derived bioplastics can bring: “A reduced carbon footprint and the multiple end-of-life solutions that PLA offers are key reasons why many brand owners convert from traditional plastics to PLA bioplastics.”
Such credentials suggest some of the reasons behind the continuous growth of the bioplastics market. “With the Bonsucro certification, we now offer our customers the guarantee that the biomass used to produce PLA was grown supporting the principles of sustainable agriculture”.
PLA BIOPOLYMER MARKET COMPANY PROFILE
THIS PLA BIOPOLYMER MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many PLA biopolymer are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- Cost breakup of a Global PLA biopolymer and key vendor selection criteria
- Where is the PLA biopolymer manufactured? What is the average margin per unit?
- Market share of Global PLA biopolymer market manufacturers and their upcoming products
- Cost advantage for OEMs who manufacture Global PLA biopolymer in-house
- key predictions for next 5 years in Global PLA biopolymer market
- Average B-2-B PLA biopolymer market price in all segments
- Latest trends in PLA biopolymer market, by every market segment
- The market size (both volume and value) of the PLA biopolymer market in 2024-2030 and every year in between?
- Production breakup of PLA biopolymer market, by suppliers and their OEM relationship
