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UNITED STATES POLYLACTIC ACID (PLA) MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

United States Polylactic Acid (PLA) Market by Product Form (Films and Sheets, Coatings, Fibers, Other Product Forms) Market by Application (Packaging, Agriculture, Electronics, Textiles, Medical, Automotive, Other Applications) Market by Raw Material (Corn, Sugarcane & Sugar Beet, Cassava, Other Raw Materials)

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MARKET OVERVIEW

The United States polylactic acid (PLA) market is set to develop with a CAGR of 16.80% during the forecasting years of 2024 to 2032. Moreover, the market is anticipated to reach a revenue of $xx million by 2032.

The United States accounts for over xx% of global polylactic acid (PLA) consumption, with applications ranging from packaging materials and mulch films to medical implants and construction materials. The success of the PLA market in the United States is significantly influenced by consumer awareness, particularly regarding the eco-friendly nature of PLA.

Anticipated growth in the country’s PLA market is attributed to the increasing use of PLA in various fields such as biomedical, automotive, electronics, and the plastic industry. Additionally, the high prices of petrochemical products act as key drivers for market expansion. Despite these positive trends, a major challenge lies in reducing the cost of PLA production in the United States.

United States Polylactic Acid (PLA) Market

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To address industry challenges and foster growth, major companies are adopting strategic initiatives. For instance, Dow Chemical announced the acquisition of the elite™ enhanced polyethylene production unit in Freeport, Texas. This move is part of a multi-phased investment strategy aimed at enhancing innovation, ensuring steady progress, and establishing a cost advantage for the company in the industry. Hence, these factors are set to bolster the polylactic acid (PLA) market growth in the United States during the projection period.

The United States polylactic acid (PLA) market is segmented into product form, application, and raw material. The product form segment includes films and sheets, coatings, fibers, and other product forms. Polylactic acid (PLA) is derived from lactic acid, a natural product of sugar fermentation in crops like sugarcane and corn through microorganisms. This biodegradable thermoplastic boasts robust mechanical strength and excellent biocompatibility, making it an attractive material for biological and medical applications.

As a thermoplastic and biodegradable substance, PLA is widely utilized in various biological and medical applications. It can be spun into fibers for implants and surgical uses, including sutures. PLA composites have found diverse applications in biomedical devices, ranging from fibers to subcutaneous sutures and regenerative surgery implants.

PLA plays a crucial role in tissue engineering and enjoys a broad spectrum of applications in the medical field. Its copolymers, produced from renewable resources, are biodegradable and non-toxic to both humans and the environment. Additionally, PLA and lactide copolymers are extensively used as biomedical materials, particularly in controlled drug delivery systems and tissue regeneration, and as alternatives to other ceramic-based polymeric materials, minimizing environmental impact.

Notable companies operating in the United States polylactic acid (PLA) market are BASF, Danimer Scientific, Dow Chemicals, etc.

Dow Chemical, established in 1897 and headquartered in Michigan, is an American company that operates in diverse segments, including chemicals, polymers, extracting value from materials, and biological sciences. The company is committed to addressing global challenges such as ensuring access to fresh food and clean water, promoting energy efficiency, and developing safer as well as sustainable transportation solutions.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million) 
Segments Analyzed
Product Form, Application, and Raw Material
Countries AnalyzedThe United States
Companies AnalyzedBASF, Danimer Scientific, Dow Chemicals, Green BioPlastics, Mitsubishi Chemical Holding Corporation, NatureWorks LLC, Thyssenkrupp AG, Total-Corbion PLA

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT – UNITED STATES
    3. COUNTRY ANALYSIS – UNITED STATES
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON POLYLACTIC ACID (PLA) MARKET
    6. MAJOR MARKET FINDINGS
      1. INCREASING UTILIZATION OF PLA IN BIOMEDICAL APPLICATIONS
      2. KEY MARKET PLAYERS ACTIVELY ENGAGING IN SUSTAINABILITY INITIATIVES
      3. INCREASING POPULARITY IN 3D PRINTING DUE TO ITS VERSATILITY
      4. PLA: POSITIVE ENVIRONMENTAL IMPACT
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING DEMAND FOR SUSTAINABLE PACKAGING
      2. SUPPORTIVE GOVERNMENT POLICIES AND REGULATIONS
      3. CONSUMER SHIFT TOWARDS GREEN PRODUCTS
    2. KEY RESTRAINTS
      1. RELATIVELY HIGHER PRODUCTION COSTS OF PLA
      2. PLA’S LIMITED HEAT RESISTANCE COMPARED TO CONVENTIONAL PLASTICS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. FOCUS ON HEAT-RESISTANT PLA VARIANTS
      2. DEVELOPMENT OF PLA BLENDS
      3. INTRODUCTION OF HIGH-PERFORMANCE PLA GRADES
      4. RAPID EXPANSION OF END USE INDUSTRIES INCORPORATING PLA
    2. PESTLE ANALYSIS – UNITED STATES
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING – UNITED STATES
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SOURCING
      2. LACTIC ACID PRODUCTION
      3. MANUFACTURING OF PLA PRODUCTS
      4. DISTRIBUTION AND LOGISTICS
      5. CONSUMER USAGE
    8. KEY BUYING CRITERIA
      1. BIODEGRADABILITY AND COMPOSTABILITY
      2. CERTIFICATIONS AND STANDARDS
      3. QUALITY AND PERFORMANCE
      4. COST COMPETITIVENESS
    9. REGULATORY FRAMEWORK
  5. MARKET BY PRODUCT FORM
    1. FILMS AND SHEETS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. COATINGS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. FIBERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER PRODUCT FORMS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOMETRIC TONS)
    1. PACKAGING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. AGRICULTURE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ELECTRONICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. TEXTILES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. MEDICAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. AUTOMOTIVE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY RAW MATERIAL
    1. CORN
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. SUGARCANE & SUGAR BEET
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. CASSAVA
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER RAW MATERIALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. BASF
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. DANIMER SCIENTIFIC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. DOW CHEMICALS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. GREEN BIOPLASTICS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. MITSUBISHI CHEMICAL HOLDING CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. NATUREWORKS LLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. THYSSENKRUPP AG
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. TOTAL-CORBION PLA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – POLYLACTIC ACID

TABLE 2: COUNTRY SNAPSHOT – UNITED STATES

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY PRODUCT FORM, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOMETRIC TONS)

TABLE 9: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOMETRIC TONS)

TABLE 10: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: 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 – UNITED STATES

FIGURE 6: MARKET MATURITY ANALYSIS

FIGURE 7: MARKET CONCENTRATION ANALYSIS

FIGURE 8: VALUE CHAIN ANALYSIS

FIGURE 9: KEY BUYING CRITERIA

FIGURE 10: UNITED STATES POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY PRODUCT FORM, IN 2023

FIGURE 11: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY FILMS AND SHEETS, 2024-2032 (IN $ MILLION)

FIGURE 12: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY COATINGS, 2024-2032 (IN $ MILLION)

FIGURE 13: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY FIBERS, 2024-2032 (IN $ MILLION)

FIGURE 14: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY OTHER PRODUCT FORMS, 2024-2032 (IN $ MILLION)

FIGURE 15: UNITED STATES POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 16: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY PACKAGING, 2024-2032 (IN $ MILLION)

FIGURE 17: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY AGRICULTURE, 2024-2032 (IN $ MILLION)

FIGURE 18: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY ELECTRONICS, 2024-2032 (IN $ MILLION)

FIGURE 19: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY TEXTILES, 2024-2032 (IN $ MILLION)

FIGURE 20: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY MEDICAL, 2024-2032 (IN $ MILLION)

FIGURE 21 UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)

FIGURE 22: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 23: UNITED STATES POLYLACTIC ACID (PLA) MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2023

FIGURE 24: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY CORN, 2024-2032 (IN $ MILLION)

FIGURE 25: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY SUGARCANE & SUGAR BEET, 2024-2032 (IN $ MILLION)

FIGURE 26: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY CASSAVA, 2024-2032 (IN $ MILLION)

FIGURE 27: UNITED STATES POLYLACTIC ACID (PLA) MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ MILLION)

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