North America Polylactic Acid Market Size, Share & Industry Trends Analysis Report By End-use (Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others), By Country and Growth Forecast, 2023 - 2030

North America Polylactic Acid Market Size, Share & Industry Trends Analysis Report By End-use (Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others), By Country and Growth Forecast, 2023 - 2030


The North America Polylactic Acid Market would witness market growth of 20.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 51,920.3 Tonnes, showcasing a growth of 17.9% (2019-2022).

Polylactic acid (PLA), a biodegradable and renewable biopolymer, has quickly become a key participant in the materials business. Concerns over environmental sustainability and the depletion of fossil fuels have led to a notable increase in PLA's use and adoption in recent years. The preference for polylactic acid among consumers and industry can be due to its eco-friendliness and versatility, leading to its adoption. PLA is made from renewable resources like sugarcane or corn starch, providing a sustainable substitute for conventional polymers made from petroleum. The biodegradability of PLA further enhances its appeal, as it reduces the burden of non-recyclable plastic waste in landfills and oceans. As awareness of environmental issues rises, PLA is increasingly seen as a responsible choice for reducing plastic pollution.

Additionally, one of the key drivers of PLA adoption is the push for sustainable and eco-friendly products. Both consumers and regulatory bodies increasingly demand products and packaging with a reduced carbon footprint. PLA fits the bill by being a carbon-neutral material, as it absorbs CO2 during its production from renewable sources. Its ability to break down naturally ensures that products made from PLA have a limited environmental impact, especially when compared to traditional plastics.

The agriculture and agri-food sector significantly contribute to the Canadian economy. Agriculture and Agri-Food Canada's mandate includes providing support to primary agriculture, which encompasses farmers, as well as the food and beverage processing industry. Still, the sector reaches into the broader agri-food system, influencing other sectors across the food supply chain. As per the data provided by the Government of Canada, in 2022, the whole agriculture and agri-food system generated $143.8 billion (around 7.0%) of Canada's gross domestic product (GDP). In 2022, the farm market receipts were at a record high of $87.7 billion. Therefore, the rising agriculture sector in North America will boost the demand for polylactic acid in the region.

The US market dominated the North America Polylactic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $904.3 million by 2030. The Canada market is registering a CAGR of 23.3% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 22.2% during (2023 - 2030).

Based on End-use, the market is segmented into Packaging, Agriculture, Electronics, Textile, Automotive & Transport, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toray Industries, Inc., NatureWorks LLC, Futerro SA (GALACTIC group), COFCO Corporation, Shanghai Tong-jie-liang Biomaterials Co., LTD., Zhejiang Hisun Biomaterials Co., Ltd., BASF SE, Evonik Industries AG (RAG-Stiftung), Mitsubishi Chemical Holdings Corporation, and DANIMER SCIENTIFIC, INC.

Scope of the Study

Market Segments covered in the Report:

By End-use (Volume, Tonnes, USD Million, 2019-2030)
  • Packaging
  • Agriculture
  • Electronics
  • Textile
  • Automotive & Transport
  • Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Toray Industries, Inc.
  • NatureWorks LLC
  • Futerro SA (GALACTIC group)
  • COFCO Corporation
  • Shanghai Tong-jie-liang Biomaterials Co., LTD.
  • Zhejiang Hisun Biomaterials Co., Ltd.
  • BASF SE
  • Evonik Industries AG (RAG-Stiftung)
  • Mitsubishi Chemical Holdings Corporation
  • DANIMER SCIENTIFIC, INC.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Polylactic Acid Market, by End-use
1.4.2 North America Polylactic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. North America Polylactic Acid Market by End-use
4.1 North America Packaging Market by Country
4.2 North America Agriculture Market by Country
4.3 North America Electronics Market by Country
4.4 North America Textile Market by Country
4.5 North America Automotive & Transport Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Polylactic Acid Market by Country
5.1 US Polylactic Acid Market
5.1.1 US Polylactic Acid Market by End-use
5.2 Canada Polylactic Acid Market
5.2.1 Canada Polylactic Acid Market by End-use
5.3 Mexico Polylactic Acid Market
5.3.1 Mexico Polylactic Acid Market by End-use
5.4 Rest of North America Polylactic Acid Market
5.4.1 Rest of North America Polylactic Acid Market by End-use
Chapter 6. Company Profiles
6.1 NatureWorks LLC
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.2.2 Product Launches and Product Expansions:
6.1.3 SWOT Analysis
6.2 Futerro SA (GALACTIC group)
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Geographical Expansions:
6.2.3 SWOT Analysis
6.3 Shanghai Tong-jie-liang Biomaterials Co., LTD.
6.3.1 Company Overview
6.3.2 SWOT Analysis
6.4 Zhejiang Hisun Biomaterials Co., Ltd.
6.4.1 Company Overview
6.5 Danimer Scientific, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.6 Toray Industries, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 SWOT Analysis
6.7 COFCO Corporation
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 BASF SE
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.6 SWOT Analysis
6.9 Evonik Industries AG (RAG-Stiftung)
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 Recent strategies and developments:
6.9.5.1 Product Launches and Product Expansions:
6.9.6 SWOT Analysis
6.10. Mitsubishi Chemical Holdings Corporation
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental Analysis
6.10.4 Research & Development Expense
6.10.5 SWOT Analysis

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