Short Description
North America Polylactic Acid (PLA) Market, By Type ( Racemic PLLA (Poly-L-Lactic Acid), Regular PLLA (Poly-L-Lactic Acid), PDLA (Poly-D-Lactic Acid), PDLLA (Poly-Dl-Lactic Acid) and PLA blend), Raw Material (Corn, Cassava, Sugarcane, Sugar Beet, And Others), Form (Films And Sheets, Coatings, Fibre, Others), Application (Packaging, Transport, Agriculture, Medical, Electronics, Textile, Hygiene, Others), End User (Plastic Films, Bottles, Biodegradable Medical Devices), Country (U.S., Canada and Mexico), Industry Trends and Forecast To 2029
Market Definition
Polylactic acid (PLA) is a type of renewable plastic primarily derived from renewable materials like corn starch and sugarcane. Polylactic acid (PLA) possesses several beneficial mechanical properties over other biodegradable polymers. Polylactic acid (PLA) is a thermoplastic aliphatic polymer, and this bioplastic is produced from the crystallization of lactic acid. Having a chemical formula (C3H4O2) n, the polylactic acid (PLA) is a semi-crystalline and biodegradable hydrophobic polymer. Polylactic acid (PLA) can be broken down into a range of biodegradable components, which makes it ideal for application by a wide range of applications.
Market Segmentation
North America polylactic acid (PLA) market is segmented into five notable segments based on type, raw material, form, application, and end-user
On the basis of type, the market is classified into Racemic PLLA (Poly-L-Lactic Acid), Regular PLLA (Poly-L-Lactic Acid), PDLA (Poly-D-Lactic Acid), PDLLA (Poly-Dl-Lactic Acid) and PLA blends
On the basis of raw material, the market is classified into corn, cassava, sugarcane, sugar beet, and others
On the basis of form, the market is classified into Fiber, films and sheets, coatings, and others
On the basis of application, the market is classified into packaging, agriculture, transport, medical, electronics, textiles, hygiene, and others
On the basis of end-use, the market is classified into plastic films, bottles, and biodegradable medical devices
Market Players
The key players operating in the North America polylactic acid (PLA) market are:
BASF SE, Futerro
NatureWorks LLC
TotalEnergies Corbion
Sulzer Ltd
Mitsubishi Chemical Corporation
TORAY INDUSTRIES, INC.
Merck KGaA
Musashino Chemical Laboratory, Ltd.
Evonik Industries AG
Polyvel Inc.
UNITIKA LTD.
Jiangxi Academy of Sciences Biological New Materials Co., Ltd.
Shanghai Tong-jie-liang Biomaterials Co., Ltd.
Zhejiang Hisun Biomaterials Co.Ltd.
Radici Partecipazioni SpA
TABLE OF CONTENTS
1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 MARKET DEFINITION 33
1.3 OVERVIEW OF NORTH AMERICA POLYLACTIC ACID (PLA) MARKET 33
1.4 LIMITATION 34
1.5 MARKETS COVERED 34
2 MARKET SEGMENTATION 38
2.1 MARKETS COVERED 38
2.2 GEOGRAPHICAL SCOPE 39
2.3 YEARS CONSIDERED FOR THE STUDY 40
2.4 CURRENCY AND PRICING 40
2.5 DBMR TRIPOD DATA VALIDATION MODEL 41
2.6 TYPE LIFE LINE CURVE 44
2.7 MULTIVARIATE MODELING 45
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 46
2.9 DBMR MARKET POSITION GRID 47
2.10 MARKET END-USER COVERAGE GRID 48
2.11 DBMR MARKET CHALLENGE MATRIX 49
2.12 DBMR VENDOR SHARE ANALYSIS 50
2.13 IMPORT-EXPORT DATA 51
2.14 SECONDARY SOURCES 52
2.15 ASSUMPTIONS 53
3 EXECUTIVE SUMMARY 54
4 PREMIUM INSIGHTS 57
4.1 CLIMATE CHANGE SCENARIO 58
4.1.1 ENVIRONMENTAL CONCERNS 58
4.1.2 INDUSTRY RESPONSE 58
4.1.3 GOVERNMENT'S ROLE 58
4.1.4 ANALYST RECOMMENDATION 58
4.2 LEGAL FRAMEWORK 59
4.3 PESTLE ANALYSIS 61
4.3.1 POLITICAL FACTORS 61
4.3.2 ECONOMIC FACTORS 61
4.3.3 SOCIAL FACTORS 62
4.3.4 TECHNOLOGICAL FACTORS 62
4.3.5 LEGAL FACTORS 62
4.3.6 ENVIRONMENTAL FACTORS 62
4.4 PORTERS FIVE FORCES 63
4.4.1 THREAT OF NEW ENTRANTS 63
4.4.2 THREAT OF SUBSTITUTES 63
4.4.3 CUSTOMER BARGAINING POWER 64
4.4.4 SUPPLIER BARGAINING POWER 64
4.4.5 INTERNAL COMPETITION (RIVALRY) 64
4.5 RAW MATERIAL PRODUCTION COVERAGE 65
4.6 REGULATORY COVERAGE 66
4.7 RUSSIA AND UKRAINE CONFLICT ANALYSIS NORTH AMERICA POLYLACTIC ACID (PLA) MARKET 67
4.8 TECHNOLOGY ADVANCEMENT 68
4.8.1 SORONA FIBERS FROM DUPONT: 68
4.8.2 DEVELOPMENT AND DEPLOYMENT OF NOVEL SEPARATIONS TECHNOLOGIES 68
4.8.3 SULZER TECHNOLOGY TURNKEY PROJECTS WITH SUGAR: 68
4.9 VENDOR SELECTION CRITERIA 69
4.10 SUPPLY CHAIN ANALYSIS 70
4.10.1 RAW MATERIAL PROCUREMENT 70
4.10.2 MANUFACTURING AND PACKING 71
4.10.3 MARKETING AND DISTRIBUTION 71
4.10.4 END USERS 71
5 MARKET OVERVIEW 72
5.1 DRIVERS 74
5.1.1 INCREASING DEMAND FOR BIODEGRADABLE PACKAGING ALTERNATIVES FROM THE PACKAGING INDUSTRY 74
5.1.2 PLA CAN BE AN ALTERNATIVE TO PETROLEUM-BASED POLYMERS 75
5.1.3 GROWING DEMAND FOR BIO-BASED PLASTICS FILM IN AGRICULTURE 75
5.1.4 IMPOSITION OF STRICT REGULATIONS ON ENVIRONMENTAL SAFETY BY VARIOUS GOVERNMENTS 76
5.2 RESTRAINTS 76
5.2.1 CONCERNS OVER COST AND SPECIFIC INDUSTRIAL COMPOSTING SYSTEM 76
5.2.2 UNPREDICTABLE RAW MATERIAL PRICES 77
5.3 OPPORTUNITIES 77
5.3.1 MULTI-FUNCTIONALITIES OF PLA 77
5.3.2 GROWING CONSUMER INCLINATION TOWARDS ECO-FRIENDLY PLASTIC PRODUCT 78
5.4 CHALLENGES 79
5.4.1 POOR PERFORMANCE ISSUES AS COMPARED TO CONVENTIONAL PLASTIC 79
6 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, TYPE 80
6.1 OVERVIEW 81
6.2 RACEMIC PLLA (POLY-L-LACTIC ACID) 82
6.3 PDLA (POLY-D-LACTIC ACID) 83
6.4 REGULAR PLLA (POLY-L-LACTIC ACID) 84
6.5 PDLLA (POLY-DL-LACTIC ACID) 85
6.6 PLA BLENDS 86
7 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY RAW MATERIAL 88
7.1 OVERVIEW 89
7.2 SUGARCANE 90
7.3 CORN 90
7.4 CASSAVA 91
7.5 SUGAR BEET 92
7.6 OTHERS 92
8 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY FORM 94
8.1 OVERVIEW 95
8.2 FILMS AND SHEETS 96
8.3 COATINGS 96
8.4 FIBER 97
8.5 OTHERS 98
9 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, APPLICATION 99
9.1 OVERVIEW 100
9.2 PACKAGING 101
9.2.1 FLEXIBLE FILMS FOR FOOD APPLICATIONS 102
9.2.2 LIGHT CARRIER BAGS/FRUITS & VEGETABLE BAGS/TRASH LINERS 102
9.2.3 CLING FILMS 102
9.2.4 INDUSTRIAL FILMS: STRETCH FILMS 102
9.2.5 RIGID APPLICATIONS 102
9.2.5.1 CUTLERY 103
9.2.5.2 TRAY 103
9.2.5.3 POTS 103
9.2.5.4 PODS 103
9.3 TRANSPORT 103
9.4 AGRICULTURE 104
9.4.1 MULCHING FILM 105
9.4.2 HORTICULTURAL POTS 105
9.4.3 CLIPS 105
9.5 MEDICAL 105
9.6 ELECTRONICS 106
9.7 TEXTILE 106
9.8 HYGIENE 107
9.8.1 NON-WOVEN FIBERS 108
9.8.2 DIAPERS 108
9.8.3 FILTERS 108
9.9 OTHERS 108
10 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, END USER 110
10.1 OVERVIEW 111
10.2 PLASTIC FILMS 112
10.3 BOTTLES 112
10.4 BIODEGRADABLE MEDICAL DEVICES 113
10.4.1 SCREWS 114
10.4.2 PINS 114
10.4.3 PLATES 114
10.4.4 RODS 114
11 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET, BY GEOGRAPHY 115
11.1 NORTH AMERICA 116
11.1.1 U.S. 124
11.1.2 CANADA 127
11.1.3 MEXICO 130
12 NORTH AMERICA POLYLACTIC ACID (PLA) MARKET: COMPANY LANDSCAPE 133
12.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 133
12.1.1 PARTNERSHIP 134
12.1.2 PRODUCT LAUNCHES 134
12.1.3 AWARD 134
12.1.4 FACILITY EXPANSION 135
13 SWOT ANALYSIS 136
14 COMPANY PROFILES 137
14.1 BASF SE 137
14.1.1 COMPANY SNAPSHOT 137
14.1.2 REVENUE ANALYSIS 137
14.1.3 COMPANY SHARE ANALYSIS 138
14.1.4 PRODUCT PORTFOLIO 138
14.1.5 RECENT UPDATES 139
14.2 TOTALENERGIES CORBION 140
14.2.1 COMPANY SNAPSHOT 140
14.2.2 COMPANY SHARE ANALYSIS 140
14.2.3 PRODUCT PORTFOLIO 141
14.2.4 RECENT UPDATES 141
14.3 TORAY INDUSTRIES, INC 142
14.3.1 COMPANY SNAPSHOT 142
14.3.2 REVENUE ANALYSIS 142
14.3.3 COMPANY SHARE ANALYSIS 143
14.3.4 PRODUCT PORTFOLIO 143
14.3.5 RECENT UPDATES 143
14.4 MITSUBISHI CHEMICAL CORPORATION 144
14.4.1 COMPANY SNAPSHOT 144
14.4.2 REVENUE ANALYSIS 144
14.4.3 COMPANY SHARE ANALYSIS 145
14.4.4 PRODUCT PORTFOLIO 145
14.4.5 RECENT UPDATES 146
14.5 NATUREWORKS LLC. 147
14.5.1 COMPANY SNAPSHOT 147
14.5.2 COMPANY SHARE ANALYSIS 147
14.5.3 PRODUCT PORTFOLIO 148
14.5.4 RECENT UPDATES 148
14.6 UNITIKA LTD 149
14.6.1 COMPANY SNAPSHOT 149
14.6.2 REVENUE ANALYSIS 149
14.6.3 PRODUCT PORTFOLIO 150
14.6.4 RECENT UPDATES 150
14.7 EVONIK INDUSTRIES AG 151
14.7.1 COMPANY SNAPSHOT 151
14.7.2 PRODUCT PORTFOLIO 152
14.7.3 RECENT UPDATES 152
14.8 ZHEJIANG HISUN BIOMATERIALS CO., LTD 153
14.8.1 COMPANY SNAPSHOT 153
14.8.2 PRODUCT PORTFOLIO 153
14.8.3 RECENT UPDATES 153
14.9 MERCK KGAA 154
14.9.1 COMPANY SNAPSHOT 154
14.9.2 REVENUE ANALYSIS 154
14.9.3 PRODUCT PORTFOLIO 155
14.9.4 RECENT UPDATES 155
14.10 SULZER LTD 156
14.10.1 COMPANY SNAPSHOT 156
14.10.2 REVENUE ANALYSIS 156
14.10.3 PRODUCT PORTFOLIO 157
14.10.4 RECENT UPDATES 157
14.11 MUSASHINO CHEMICAL LABORATORY, LTD. 158
14.11.1 COMPANY SNAPSHOT 158
14.11.2 PRODUCT PORTFOLIO 158
14.11.3 RECENT UPDATES 158
14.12 FUTERRO 159
14.12.1 COMPANY SNAPSHOT 159
14.12.2 PRODUCT PORTFOLIO 159
14.12.3 RECENT UPDATES 160
14.13 SHANGHAI TONG-JIE-LIANG BIOMATERIALS CO., LTD. 161
14.13.1 COMPANY SNAPSHOT 161
14.13.2 PRODUCT PORTFOLIO 161
14.13.3 RECENT UPDATES 161
14.14 POLYVEL INC. 162
14.14.1 COMPANY SNAPSHOT 162
14.14.2 PRODUCT PORTFOLIO 162
14.14.3 RECENT UPDATES 162
14.15 JIANGXI ACADEMY OF SCIENCES BIOLOGICAL NEW MATERIALS CO., LTD. 163
14.15.1 COMPANY SNAPSHOT 163
14.15.2 PRODUCT PORTFOLIO 163
14.15.3 RECENT UPDATES 164
14.16 RADICI PARTECIPAZIONI SPA 165
14.16.1 COMPANY SNAPSHOT 165
14.16.2 PRODUCT PORTFOLIO 165
14.16.3 RECENT UPDATES 166
15 QUESTIONNAIRE 167
16 RELATED REPORTS 170