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Report
North America Polylactic Acid (Pla) Market Forecast 2024-2032
Market Report I 2024-02-05 I 149 Pages I Inkwood Research
KEY FINDINGS
The North America polylactic acid (PLA) market is anticipated to grow with a CAGR of 17.50% over the forecasted period, 2024-2032. The market growth of the region is mainly fuelled by the surge in petrochemical prices as well as the increasing demand within the pharmaceutical sector.
MARKET INSIGHTS
The North America polylactic acid (PLA) market growth study entails an in-depth evaluation of Canada and the United States. The polylactic acid market in Canada is primarily driven by the increasing use of PLA in the pharmaceutical industry. The country's rising pharmaceutical market has significantly contributed to the demand for polylactic acid. The versatile applications of polylactic acid in drug manufacturing further fuel its market growth. However, a key challenge lies in the cost reduction of polylactic acid. Despite this challenge, the anticipated growth of the pharmaceutical industry is expected to propel the polylactic acid market in Canada.
Conversely, companies are implementing various strategies to enhance the PLA market in Canada. NatureWorks LLC, for instance, introduced Ingeo 3D 860, a new PLA formulation known for its heat resistance and high strength. Specifically designed for easy 3D printing using PLA filament, Ingeo 3D 860 facilitates the production of industrial tools for manufacturing electronics, toys, and prototyping. As a result, these factors are set to propel the North America polylactic acid (PLA) market growth over the forecast period.
COMPETITIVE INSIGHTS
Some of the top companies operating in the market include BASF, NatureWorks LLC, Dow Chemicals, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.4.1. IMPACT OF COVID-19 ON POLYLACTIC ACID (PLA) MARKET
2.5. MAJOR MARKET FINDINGS
2.5.1. INCREASING UTILIZATION OF PLA IN BIOMEDICAL APPLICATIONS
2.5.2. KEY MARKET PLAYERS ACTIVELY ENGAGING IN SUSTAINABILITY INITIATIVES
2.5.3. INCREASING POPULARITY IN 3D PRINTING DUE TO ITS VERSATILITY
2.5.4. PLA: POSITIVE ENVIRONMENTAL IMPACT
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASING DEMAND FOR SUSTAINABLE PACKAGING
3.1.2. SUPPORTIVE GOVERNMENT POLICIES AND REGULATIONS
3.1.3. CONSUMER SHIFT TOWARDS GREEN PRODUCTS
3.2. KEY RESTRAINTS
3.2.1. RELATIVELY HIGHER PRODUCTION COSTS OF PLA
3.2.2. PLA'S LIMITED HEAT RESISTANCE COMPARED TO CONVENTIONAL PLASTICS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. FOCUS ON HEAT-RESISTANT PLA VARIANTS
4.1.2. DEVELOPMENT OF PLA BLENDS
4.1.3. INTRODUCTION OF HIGH-PERFORMANCE PLA GRADES
4.1.4. RAPID EXPANSION OF END USE INDUSTRIES INCORPORATING PLA
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIER POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.6.1. RAW MATERIAL SOURCING
4.6.2. LACTIC ACID PRODUCTION
4.6.3. MANUFACTURING OF PLA PRODUCTS
4.6.4. DISTRIBUTION AND LOGISTICS
4.6.5. CONSUMER USAGE
4.7. KEY BUYING CRITERIA
4.7.1. BIODEGRADABILITY AND COMPOSTABILITY
4.7.2. CERTIFICATIONS AND STANDARDS
4.7.3. QUALITY AND PERFORMANCE
4.7.4. COST COMPETITIVENESS
4.8. REGULATORY FRAMEWORK
5. MARKET BY PRODUCT FORM
5.1. FILMS AND SHEETS
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. COATINGS
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
5.3. FIBERS
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENT ANALYSIS
5.4. OTHER PRODUCT FORMS
5.4.1. MARKET FORECAST FIGURE
5.4.2. SEGMENT ANALYSIS
6. MARKET BY APPLICATION (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOMETRIC TONS)
6.1. PACKAGING
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. AGRICULTURE
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. ELECTRONICS
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
6.4. TEXTILES
6.4.1. MARKET FORECAST FIGURE
6.4.2. SEGMENT ANALYSIS
6.5. MEDICAL
6.5.1. MARKET FORECAST FIGURE
6.5.2. SEGMENT ANALYSIS
6.6. AUTOMOTIVE
6.6.1. MARKET FORECAST FIGURE
6.6.2. SEGMENT ANALYSIS
6.7. OTHER APPLICATIONS
6.7.1. MARKET FORECAST FIGURE
6.7.2. SEGMENT ANALYSIS
7. MARKET BY RAW MATERIAL
7.1. CORN
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENT ANALYSIS
7.2. SUGARCANE & SUGAR BEET
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENT ANALYSIS
7.3. CASSAVA
7.3.1. MARKET FORECAST FIGURE
7.3.2. SEGMENT ANALYSIS
7.4. OTHER RAW MATERIALS
7.4.1. MARKET FORECAST FIGURE
7.4.2. SEGMENT ANALYSIS
8. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOMETRIC TONS)
8.1. NORTH AMERICA
8.1.1. MARKET SIZE & ESTIMATES
8.1.2. NORTH AMERICA POLYLACTIC ACID (PLA) MARKET DRIVERS
8.1.3. NORTH AMERICA POLYLACTIC ACID (PLA) MARKET CHALLENGES
8.1.4. KEY PLAYERS IN NORTH AMERICA POLYLACTIC ACID (PLA) MARKET
8.1.5. COUNTRY ANALYSIS
8.1.5.1. UNITED STATES
8.1.5.1.1. UNITED STATES POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
8.1.5.2. CANADA
8.1.5.2.1. CANADA POLYLACTIC ACID (PLA) MARKET SIZE & OPPORTUNITIES
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. MERGERS & ACQUISITIONS
9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3. PARTNERSHIPS & AGREEMENTS
9.2. COMPANY PROFILES
9.2.1. BASF
9.2.1.1. COMPANY OVERVIEW
9.2.1.2. PRODUCT LIST
9.2.1.3. STRENGTHS & CHALLENGES
9.2.2. DANIMER SCIENTIFIC
9.2.2.1. COMPANY OVERVIEW
9.2.2.2. PRODUCT LIST
9.2.2.3. STRENGTHS & CHALLENGES
9.2.3. DOW CHEMICALS
9.2.3.1. COMPANY OVERVIEW
9.2.3.2. PRODUCT LIST
9.2.3.3. STRENGTHS & CHALLENGES
9.2.4. FUTERRO SA
9.2.4.1. COMPANY OVERVIEW
9.2.4.2. PRODUCT LIST
9.2.4.3. STRENGTHS & CHALLENGES
9.2.5. GOOD NATURED PRODUCTS INC
9.2.5.1. COMPANY OVERVIEW
9.2.5.2. PRODUCT LIST
9.2.5.3. STRENGTHS & CHALLENGES
9.2.6. GREEN BIOPLASTICS
9.2.6.1. COMPANY OVERVIEW
9.2.6.2. PRODUCT LIST
9.2.6.3. STRENGTHS & CHALLENGES
9.2.7. INNOVIA FILMS
9.2.7.1. COMPANY OVERVIEW
9.2.7.2. PRODUCT LIST
9.2.7.3. STRENGTHS & CHALLENGES
9.2.8. MITSUBISHI CHEMICAL HOLDING CORPORATION
9.2.8.1. COMPANY OVERVIEW
9.2.8.2. PRODUCT LIST
9.2.8.3. STRENGTHS & CHALLENGES
9.2.9. NATUREWORKS LLC
9.2.9.1. COMPANY OVERVIEW
9.2.9.2. PRODUCT LIST
9.2.9.3. STRENGTHS & CHALLENGES
9.2.10. SYNBRA HOLDING BV
9.2.10.1. COMPANY OVERVIEW
9.2.10.2. PRODUCT LIST
9.2.10.3. STRENGTHS & CHALLENGES
9.2.11. TEIJIN LTD
9.2.11.1. COMPANY OVERVIEW
9.2.11.2. PRODUCT LIST
9.2.11.3. STRENGTHS & CHALLENGES
9.2.12. THYSSENKRUPP AG
9.2.12.1. COMPANY OVERVIEW
9.2.12.2. PRODUCT LIST
9.2.12.3. STRENGTHS & CHALLENGES
9.2.13. TOTAL-CORBION PLA
9.2.13.1. COMPANY OVERVIEW
9.2.13.2. PRODUCT LIST
9.2.13.3. STRENGTHS & CHALLENGES
9.2.14. ZHEJIANG HISUN BIOMATERIALS CO LTD
9.2.14.1. COMPANY OVERVIEW
9.2.14.2. PRODUCT LIST
9.2.14.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - POLYLACTIC ACID
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOMETRIC TONS)
TABLE 8: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOMETRIC TONS)
TABLE 9: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 13: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILOMETRIC TONS)
TABLE 14: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILOMETRIC TONS)
TABLE 15: KEY PLAYERS OPERATING IN NORTH AMERICA POLYLACTIC ACID (PLA) MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: MAJOR MARKET FINDINGS
FIGURE 2: MARKET DYNAMICS
FIGURE 3: KEY MARKET TRENDS
FIGURE 4: PORTER'S FIVE FORCES ANALYSIS
FIGURE 5: GROWTH PROSPECT MAPPING
FIGURE 6: MARKET MATURITY ANALYSIS
FIGURE 7: MARKET CONCENTRATION ANALYSIS
FIGURE 8: VALUE CHAIN ANALYSIS
FIGURE 9: KEY BUYING CRITERIA
FIGURE 10: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY PRODUCT FORM, IN 2023
FIGURE 11: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY FILMS AND SHEETS, 2024-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY COATINGS, 2024-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY FIBERS, 2024-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY OTHER PRODUCT FORMS, 2024-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 16: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY PACKAGING, 2024-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY AGRICULTURE, 2024-2032 (IN $ MILLION)
FIGURE 18: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY ELECTRONICS, 2024-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY TEXTILES, 2024-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY MEDICAL, 2024-2032 (IN $ MILLION)
FIGURE 21 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 23: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2023
FIGURE 24: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY CORN, 2024-2032 (IN $ MILLION)
FIGURE 25: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY SUGARCANE & SUGAR BEET, 2024-2032 (IN $ MILLION)
FIGURE 26: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY CASSAVA, 2024-2032 (IN $ MILLION)
FIGURE 27: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ MILLION)
FIGURE 28: NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 29: UNITED STATES POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
FIGURE 30: CANADA POLYLACTIC ACID (PLA) MARKET, 2024-2032 (IN $ MILLION)
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