PLA is a unique polymer that in many ways behaves like PET, but also performs a lot like polypropylene (PP), a polyolefin. PLA also has excellent organoleptic characteristics and is excellent for food contact and related packaging applications. PLA has been utilized as biodegradable plastics for short-term use, such as rigid packaging containers, flexible packaging films, cold drink cups, cutlery, apparel and staple fibres, bottles, injection- and extrusion-moulds, coatings, and so on.
The global polylactic acid (PLA) market was valued around US$ 2.23 Bn in 2017 and is anticipated to expand at a stable CAGR above 20.5% during the forecast period 2018 to 2026. The demand for polylactic acid products are increasing in the personal or skin care industry as the product improves skin lightening effects, accelerates cell renewal and exfoliation and enhances the collagen & elastin synthesis. This facilitates the development of new technologies and ensures a high quality product.
Few Indian major players are as under
· Astra Specialty Compounds India Pvt. Ltd.
· Crest Composites & Plastics Pvt. Ltd.
· Malladi Specialities Ltd.
· Neelam Aqua & Speciality Chem Pvt. Ltd.
· Network Polymers Pvt. Ltd.
· Reichhold India Pvt. Ltd.