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The North America polylactic acid (PLA) market size was valued at USD 438.67 million in 2023. The market is further projected to grow at a CAGR of 13.6% between 2024 and 2032, reaching a value of USD 1,423.77 million by 2032.
In Canada, around 3.3 million tonnes of plastic waste is produced annually, a majority of which end up in landfills, significantly impacting the environment. According to the Government, if current trends continue, by 2050, the ocean may reach a 1:1 weight ratio of plastic to fish. Environmental concerns are a crucial driver for the implementation of bioplastic and provide an opportunity for the North America polylactic acid (PLA) market development. Further, in 2023, the government of the United States set a goal to replace 90% of plastics with biomaterials within the next 20 years, providing an opportunity for PLA.
As per the North America polylactic acid (PLA) market report, corn is the largest United States crop in terms of total production, the majority of which is grown in the Corn Belt. For polylactic acid producers, corn is the most readily available and cost-effective raw material due to government corn subsidies and a large high-fructose corn syrup market in the United States of America. Manufacturers are also constantly seeking other sources of starch to produce PLA that grow quickly with minimal water and fertiliser. By using organically produced raw materials, market players can enhance the sustainability of the polylactic acid market.
North America Polylactic Acid (PLA) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Raw Material:
Market Breakup by Grade:
Market Breakup by Application:
Market Breakup by End Use:
Market Breakup by Country:
The key players in the polylactic acid (PLA) market in North America are researching to produce high-quality polylactic acid (PLA) products to meet the needs of end-user markets.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Raw Material |
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Breakup by Grade |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Polylactic Acid (PLA) Market Overview
8.1 Key Industry Highlights
8.2 Global Polylactic Acid (PLA) Historical Market (2018-2023)
8.3 Global Polylactic Acid (PLA) Market Forecast (2024-2032)
8.4 Global Polylactic Acid (PLA) Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Polylactic Acid (PLA) Market Overview
9.1 Key Industry Highlights
9.2 North America Polylactic Acid (PLA) Historical Market (2018-2023)
9.3 North America Polylactic Acid (PLA) Market Forecast (2024-2032)
10 North America Polylactic Acid (PLA) Market by Raw Material
10.1 Sugarcane
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Corn
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Cassava
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Sugar Beet
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Polylactic Acid (PLA) Market by Grade
11.1 Thermoforming
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Injection Moulding
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Extrusion
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Blow Moulding
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 North America Polylactic Acid (PLA) Market by Application
12.1 Rigid Thermoforms
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Films and Sheets
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Bottles
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 North America Polylactic Acid (PLA) Market by End Use
13.1 Packaging
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Consumer Goods
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Agriculture
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Textile
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Biomedical
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 North America Polylactic Acid (PLA) Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code – 390770)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 NatureWorks LLC
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 TotalEnergies SE
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 FUTERRO S.A.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 BASF SE
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Jiangxi Keyuan Bio-Material Co., Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Jilin COFCO Biomaterial Co., Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 China BBCA Group
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Unitika Ltd
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Polylactic Acid (PLA) Market: Key Industry Highlights, 2018 and 2032
2. North America Polylactic Acid (PLA) Market: Key Industry Highlights, 2018 and 2032
3. North America Polylactic Acid (PLA) Historical Market: Breakup by Raw Material (USD Million), 2018-2023
4. North America Polylactic Acid (PLA) Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
5. North America Polylactic Acid (PLA) Historical Market: Breakup by Grade (USD Million), 2018-2023
6. North America Polylactic Acid (PLA) Market Forecast: Breakup by Grade (USD Million), 2024-2032
7. North America Polylactic Acid (PLA) Historical Market: Breakup by Application (USD Million), 2018-2023
8. North America Polylactic Acid (PLA) Market Forecast: Breakup by Application (USD Million), 2024-2032
9. North America Polylactic Acid (PLA) Historical Market: Breakup by End Use (USD Million), 2018-2023
10. North America Polylactic Acid (PLA) Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. North America Polylactic Acid (PLA) Historical Market: Breakup by Country (USD Million), 2018-2023
12. North America Polylactic Acid (PLA) Market Forecast: Breakup by Country (USD Million), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. North America Polylactic Acid (PLA) Market Structure
In 2023, the polylactic acid (PLA) market reached an approximate value of USD 438.67 million.
The market is expected to grow at a CAGR of 13.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,423.77 million by 2032.
Polylactic acid (PLA) is a biocompatible, biodegradable plastic used for medical implants, food packaging, and disposable cutlery.
Polylactic acid (PLA) is considered non-allergenic. It is a polyester made from renewable biomass, including fermented plant starch, such as corn, sugarcane, or cassava.
The major drivers of the market include rising plastic pollution, a growing need for sustainable packaging materials, and a wide availability of raw materials.
Key trends aiding market expansion include growing awareness of environmental pollution, research in raw materials for producing bioplastics, and governmental focus on enhancing the use of bioplastics.
Major countries in the market are the United States of America and Canada.
The raw materials of polylactic acid (PLA) are sugarcane, corn, cassava, sugar beet, and others.
Key players in the market are NatureWorks LLC, TotalEnergies SE, FUTERRO S.A., BASF SE, Jiangxi Keyuan Bio-Material Co., Ltd., Jilin COFCO Biomaterial Co., Ltd., China BBCA Group, Unitika Ltd, and others.
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