Lasseter is receiving the David O. Selznick Achievement Award at the guild's awards show Jan. 24. He's the first producer of animated films to receive the award.
Past recipients include Clint Eastwood, Jerry Bruckheimer, Stanley Kramer and Billy Wilder.
The Producers Guild says Lasseter's work with Pixar Animation and parent company Disney has raised the bar for animated and live-action filmmakers alike.
Lasseter directed 1995's "Toy Story," the first feature-length computer-animated movie, and "Toy Story 2," along with "A Bug's Life" and "Cars." He oversees animation at both Pixar and Disney.