Key Findings
The United States polylactic acid (PLA) market is forecasted to rise with a CAGR of 16.80% during the forecasted years. While the base year considered for the market study is 2023, the projection period is from 2024 to 2032. The demand for PLA is rising in the United States, boosted by the surging prices of petrochemicals and the rapidly developing pharmaceutical industry.

Market Insights
The United States polylactic acid (PLA) market is set to be a lucrative region in North America, driven by the escalating prices of petrochemicals such as oil, diesel, coal, and gasoline. The demand for PLA is on the rise in the country, propelled by the increasing prices of petrochemicals as well as the expanding pharmaceutical industry. PLA also serves as a precise substitute for various petrochemicals, offering a renewable energy source amid continuous price hikes in diesel, gasoline, and coal.
Over 30% of global PLA consumption occurs in the USA across various applications, including packaging materials, mulch films, medical implants, and construction materials. The success of the PLA industry is closely tied to consumer awareness, with individuals in this region being well-informed about the eco-friendly nature of PLA.
Anticipated growth in the country’s polylactic acid market is attributed to the rising applications of PLA in biomedical, electronic, automotive, and plastic industries. Additionally, the high prices of petrochemical products further contribute to the increasing demand for PLA in the region. The collective impact of consumer awareness and the versatility of PLA applications positions the nation as a key player in the growing global PLA market.

Competitive Insights
Key players operating in the market include Danimer Scientific, Dow Chemicals, BASF, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments