NORTH AMERICA POLYLACTIC ACID MARKET 2019-2028

Chemicals & Materials | Specialty Chemicals

NORTH AMERICA POLYLACTIC ACID MARKET 2019-2028

Market By Raw Material, End-user, Form And Geography | Forecast 2019-2028

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According to an analysis by Triton Market Research, the polylactic acid market in North America is likely to augment at a CAGR of 11.66% and 13.49% in terms of revenue and volume respectively over the forthcoming period between 2019 and 2028.

The countries evaluated in the North American polylactic acid market are:

           Canada

           The United States

In the United States, the government is implementing several regulations regarding the minimal usage of plastics owing to the growing environmental concern. This is creating a market opportunity for the polylactic acid in the packaging and healthcare sectors. Hence, the increasing government norms are pushing the demand for the studied market in the forecasted period.

Canadian cities like Vancouver, Victoria and Montreal have reduced their plastic usage in the packaging sector. This is also due to the government regulations implemented on decreasing the use of plastic, considering the environmental concern. This is majorly contributing to the growth of the polylactic acid market in the country.

Besides, the Canadian federal government has banned the sales of toothpaste, shower gels and facial scrubs that contains plastic microbeads. These tiny pieces of plastic, which are less than 5 mm, are generally used as exfoliants in toiletries. These pieces are indissolvable, and therefore reach oceans, lakes, and rivers. Different organisms may then ingest this. Therefore, PLA can replace these plastic pieces and avoid environmental degradation. All these factors are estimated to create demand for the polylactic acid market in the country, thereby surging market growth.

Danimer Scientific is a company that produces a new generation of patented and cost-efficient biopolymers. It is committed to renewable and sustainable practices. The products offered by the company are designed to curb petrochemical plastic pollution across the world. The company offers microbial-sourced plastics that are biodegradable, cost-efficient and durable. The company is headquartered in Georgia, US.

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Table of Content

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 table

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)

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