North America Polylactic Acid Market 2019-2028

MARKET OUTLOOK

The publisher, in its report on the North American polylactic acid market, depicts that the industry is expected to flourish at a CAGR of 11.66% and 13.49% over the estimated period 2019-2028.
The United States and Canada together constitute the North American polylactic acid market.

The growing packaging and the medical sectors are driving the market for polylactic acid in the United States. The growing use of flexible packaging on a large scale, coupled with stringent government regulations in the country, is fueling the demand for the polylactic acid market. For example, the FDA (Food and Drug Administration) has implemented strict regulations on food packaging to improve food safety that is distributed across the US. These regulations include promoting biodegradable usage, thereby creating potential opportunities in the packaging industry.

Besides, these rules on pharmaceutical packaging against biological contamination are compelling the companies to focus on renewable packaging. The growing demand for biodegradable packaging is creating several opportunities for the polylactic acid market. All these factors are estimated to augment the growth of the studied market in the coming years.

In Canada, the polylactic acid market is majorly driven by the growth of the packaging and consumer goods sectors. Due to the government regulations regarding the minimization of plastic products, there is an increased demand for polylactic acid in the country, thereby augmenting the market growth in the coming years.

COMPETITIVE OUTLOOK

Some noteworthy companies in the polylactic acid market are Teijin Limited, Zhejiang Hisun Biomaterials Co Ltd, Green Dot Bioplastics, Mitsubishi Chemical Holding Corporation, Danimer Scientific, Synbra Holding BV and Innovia Films.

1. North America Polylactic Acid Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Packaging is the Largest-Contributing End-User Segment of the Market
2.2.2. Coatings is the Rapidly-Growing Product Form of Pla
2.2.3. Corn is the Extensively-Used Raw Material for Pla Extraction
2.3. Porter's Five Force Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Intensity of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Value Chain Analysis
2.6.1. Raw Material
2.6.2. Production
2.6.3. Retailer/Distributor
2.6.4. End-User
2.7. Key Buying Criteria
2.7.1. Price
2.7.2. Alternatives
2.7.3. Availability
2.7.4. End of Life Effects
2.8. Regulatory Framework
2.9. Market Drivers
2.9.1. Government Support
2.9.2. Growth in Environmental Degradation
2.10. Market Restraints
2.10.1. Higher Cost as Compared to Conventional Options
2.11. Market Opportunities
2.11.1. Widening Demand Supply Gap in Petroleum Products Due to Limited Availability
2.12. Market Challenges
2.12.1. Require Industrial Composting Units
2.12.2. Low Functionality as Compared to Conventional Alternatives

3. Polylactic Acid Market Outlook - by Raw Material

3.1. Corn
3.2. Sugarcane & Sugar Beet
3.3. Cassava
3.4. Other Raw Material

4. Polylactic Acid Market Outlook - by End-User

4.1. Packaging
4.2. Medical
4.3. Textiles
4.4. Agriculture
4.5. Electronics
4.6. Automotive
4.7. Other End-Users

5. Polylactic Acid Market Outlook - by Form

5.1. Fiber
5.2. Films & Sheets
5.3. Coatings
5.4. Other Forms

6. Polylactic Acid Market – North America

6.1. United States
6.2. Canada

7. Competitive Landscape

7.1. Natureworks LLC
7.2. BASF
7.3. Mitsubishi Chemical Holding Corporation
7.4. Zhejiang Hisun Biomaterials Co Ltd
7.5. Futerro Sa
7.6. Synbra Holding Bv
7.7. Teijin Limited
7.8. Dow
7.9. Thyssenkrupp AG
7.10. Danimer Scientific
7.11. Green Dot Bioplastics
7.12. Innovia Films
7.13. Good Natured Products Inc
7.14. Total Corbion Pla

8. Research Methodology & Scope

8.1. Research Scope & Deliverables
8.1.1. Objectives of Study
8.1.2. Scope of Study
8.2. Sources of Data
8.2.1. Primary Data Sources
8.2.2. Secondary Data Sources
8.3. Research Methodology
8.3.1. Evaluation of Proposed Market
8.3.2. Identification of Data Sources
8.3.3. Assessment of Market Determinants
8.3.4. Data Collection
8.3.5. Data Validation & Analysis

List of Tables

Table 1: North America Polylactic Acid Market, by Country, 2019-2028 (In $ Million)
Table 2: North America Polylactic Acid Market, by Country, 2019-2028 (In Kilo Metric Ton)
Table 3: Vendor Scorecard
Table 4: Legal, Policy & Regulatory Framework
Table 5: North America Polylactic Acid Market, by Raw Material, 2019-2028 (In $ Million)
Table 6: North America Polylactic Acid Market, by End-User, 2019-2028 (In $ Million)
Table 7: North America Polylactic Acid Market, by End-User, 2019-2028 (In Kilo Metric Ton)
Table 8: North America Polylactic Acid Market, by Form, 2019-2028 (In $ Million)
Table 9: North America Polylactic Acid Market, by Country, 2019-2028 (In $ Million)
Table 10: North America Polylactic Acid Market, by Country, 2019-2028 (In Kilo Metric Ton)

List of Figures

Figure 1: North America Polylactic Acid Market, by End-User, 2019 & 2028 (In %)
Figure 2: North America Packaging Market, 2019-2028 (In $ Million)
Figure 3: North America Coatings Market, 2019-2028 (In $ Million)
Figure 4: North America Corn Market, 2019-2028 (In $ Million)
Figure 5: Porter's Five Force Analysis
Figure 6: Market Attractiveness Index
Figure 7: Value Chanin Analysis
Figure 8: Key Buying Criteria
Figure 9: North America Polylactic Acid Market, by Corn, 2019-2028 (In $ Million)
Figure 10: North America Polylactic Acid Market, by Sugarcane & Sugar Beet, 2019-2028 (In $ Million)
Figure 11: North America Polylactic Acid Market, by Cassava, 2019-2028 (In $ Million)
Figure 12: North America Polylactic Acid Market, by Other Raw Material, 2019-2028 (In $ Million)
Figure 13: North America Polylactic Acid Market, by Packaging, 2019-2028 (In $ Million)
Figure 14: North America Polylactic Acid Market, by Medical, 2019-2028 (In $ Million)
Figure 15: North America Polylactic Acid Market, by Textiles, 2019-2028 (In $ Million)
Figure 16: North America Polylactic Acid Market, by Agriculture, 2019-2028 (In $ Million)
Figure 17: North America Polylactic Acid Market, by Electronics, 2019-2028 (In $ Million)
Figure 18: North America Polylactic Acid Market, by Automotive, 2019-2028 (In $ Million)
Figure 19: North America Polylactic Acid Market, by Other End-Users, 2019-2028 (In $ Million)
Figure 20: North America Polylactic Acid Market, by Fiber, 2019-2028 (In $ Million)
Figure 21: North America Polylactic Acid Market, by Films & Sheets, 2019-2028 (In $ Million)
Figure 22: North America Polylactic Acid Market, by Coatings, 2019-2028 (In $ Million)
Figure 23: North America Polylactic Acid Market, by Other Forms, 2019-2028 (In $ Million)
Figure 24: North America Polylactic Acid Market, Regional Outlook, 2019 & 2028 (In %)
Figure 25: United States Polylactic Acid Market, 2019-2028 (In $ Million)
Figure 26: Canada Polylactic Acid Market, 2019-2028 (In $ Million)