US Polylactic Acid market, 2024-2030

Polylactic acid, also termed as polylactide (PLA), is a thermoplastic aliphatic polyester. It is produced from the renewable resources, such as corn starch, tapioca roots, chips or starch, or sugarcane. PLA is biodegradable and bioactive polyester made up of lactic acid building blocks. This is widely used in the food industry to package sensitive food products. PLA is biocompatible and makes it perfect choice for medical implants intended to be absorbed by the body.

The US polylactic market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the US polylactic market is growing at a fast pace and increasing its geographical footprint rapidly. The US polylactic market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The vast usage of bioplastics in biomedical market in the US is the major driving factor for the US polylactic acid market growth. Further, the increasing applications of polylactic acid in several domains such as agriculture, biomedical, transportation and electronics are also expected to drive the market growth.

The PLA packaging material is more sensitive to moisture and high temperature compared to other plastics, which sometimes results in faster food spoilage. This is one of the hindrances in the market growth. Moreover, higher cost and lesser strength of PLA are also major restraining factors for the market growth.

The polylactic has remarkable usage across all major regions in the US including west, southwest, northeast, southeast, and mid. The leading manufacturers in the US polylactic market are Total-Corbion, Natureworks LLC, Danimer Scientific (Merged By Meridian, Inc.), Futerro SA, Synbra Holding B.V., Innovia Films (Acquired By CCL Industries Inc.), and so on.

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Hence, the polylactic acid market has been divided based on types and applications. All types of polylactic acid were mapped for different end use sectors in the US. Findings were later integrated for a consolidated report.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations. This allowed a 360 view of the industry dynamic. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the US polylactic acid industry dynamics
• Estimation of the present US polylactic acid market size in terms of value and volume
• The US polylactic acid market breakup based on type and application
• Substantiated the US polylactic acid market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of the US polylactic acid industry value chain