North America Polylactic Acid (Pla) Market Forecast 2024-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,600	149 Pages	Inkwood Research	February, 2024	INKR18483851

Best Price Guarantee
Price	from $1,600
Length	149 Pages
Publisher	Inkwood Research
Published Date	February, 2024
SKU	INKR18483851

North America Polylactic Acid (Pla) Market Forecast 2024-2032

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

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

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