Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 92.65 million

CAGR (2023-2028)

5.28%

Fastest Growing Segment

Biomedical

Largest Market

Asia Pacific


Market Overview

Global Polyhydroxyalkanoate Market has valued at USD 92.65 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.28% through 2028. A group of biodegradable polymers known as polyhydroxyalkanoates (PHA) are created by bacteria through the fermentation of renewable resources. PHA is a flexible material with several uses that are becoming more and more important in the market because of its sustainable and eco-friendly attributes. PHA serves as a biodegradable substitute for traditional plastics, providing comparable functionality while being ecologically benign. It may be applied to many different industries, including packaging, agriculture, biomedicine, and automobiles.

PHA has a wide range of benefits. First off, it is a sustainable substitute for plastics made from petroleum since it is made from renewable resources like plant-based sugars. This not only reduces our reliance on fossil fuels but also helps mitigate the environmental impact of plastic waste. Due to PHA’s biodegradability and ability to be broken down by microbes into non-toxic byproducts, less waste, and environmental pollutants are produced. This is particularly crucial in the context of plastic pollution, as PHA offers a viable solution to address this global challenge.

Moreover, PHA is non-toxic and has no negative effects on the body, making it suitable for use in medical applications such as sutures, medication delivery systems, and tissue engineering. Its biocompatibility and biodegradability make it an ideal choice for medical devices and implants that need to be absorbed by the body over time. PHA's versatility extends to packaging applications such as films, containers, and bags, where it exhibits high mechanical strength, barrier properties, and resistance to moisture, UV light, and gas permeability. This ensures the preservation and quality of the packaged goods while reducing the environmental footprint.

The increasing desire for biodegradable materials in the packaging and food service sectors, driven by the need to reduce environmental pollution and promote sustainability, is one of the key factors contributing to the market growth of polyhydroxyalkanoates (PHA). Additionally, the rising demand for biodegradable polymers in various types of packaging, including food packaging, further fuels the demand for PHA. Producers in the polyhydroxyalkanoate industry also combine PHAs with other polymers to provide a wide range of options for various applications, enhancing the usability and versatility of these biodegradable materials.

Furthermore, thermal breakdown techniques like pyrolysis can be utilized to chemically break down PHA into various compounds, such as monomers or oligomers, without causing any significant environmental impact. The abundance of sugar sources presents in sugarcane, beet, molasses, and bagasse, which are easily consumed and rapidly transformed by bacteria to create PHA, serves as a key driving force behind the demand for polyhydroxyalkanoate (PHA). Moreover, the use of raw materials derived from non-food products or waste residues worldwide contributes to the production of sustainable and biodegradable polymers, reducing the strain on agricultural resources.

However, it is important to note that the distribution of feedstocks required for PHA manufacturing has a significant impact on the relatively high manufacturing cost of these polyesters. Special growth conditions, substrate composition, culture conditions, fermentation procedures (batch, fed-batch, repeated batch, or fed-batch, and continuous modes), and high recovery costs are the main challenges faced in large-scale production of PHAs. Additionally, a significant quantity of biomass waste is produced during PHA manufacturing, which requires proper management and disposal strategies. These factors, coupled with the higher price of PHAs compared to other polymers, present barriers to the widespread adoption and growth of the PHA industry.

In conclusion, polyhydroxyalkanoates (PHA) offer a sustainable and eco-friendly alternative to traditional plastics. With their biodegradability, versatility, and non-toxic nature, PHAs find applications in various industries and contribute to reducing environmental pollution. Despite challenges related to production costs and waste management, the demand for PHAs is expected to rise due to the increasing need for biodegradable materials and the drive towards a more sustainable future.

Key Market Drivers

Growing Demand of Polyhydroxyalkanoate in Packaging Industry

Polyhydroxyalkanoate (PHA), a type of bioplastic, is produced through the bacterial fermentation of sugar or lipids. It stands out as a fully biodegradable material, offering an environmentally friendly alternative to conventional, non-degradable plastics. Its exceptional ability to decompose naturally, coupled with its remarkable versatility in various applications, positions it as a highly appealing material for numerous industries, particularly in the realm of packaging.

The packaging industry, being one of the largest consumers of plastics, confronts an urgent need for more sustainable materials due to the environmental impact of plastic waste. PHA emerges as a solution to this challenge.

PHA's inherent biodegradability renders it an ideal material for packaging applications. Its utilization extends to a wide range of packaging products, including food containers, bottles, films, and much more. Notably, PHA does not compromise on the quality or functionality of the packaging, making it a practical and eco-friendly solution.

With a growing awareness of environmental conservation and the imperative for effective waste management of plastics, the demand for PHA in the packaging industry is expected to continue its upward trajectory. Governments worldwide are also implementing regulations on the use of non-degradable plastics, further propelling the shift towards biodegradable alternatives like PHA.

Moreover, ongoing research and development in the field of bioplastics are likely to yield advancements in PHA production, ultimately making it a more cost-effective and accessible option.

In conclusion, the escalating demand for polyhydroxyalkanoate in the packaging industry plays a pivotal role in driving the growth of the global PHA market. As the world continues its trajectory towards embracing more sustainable solutions, the future of PHA appears exceedingly promising.

Growing Demand of Polyhydroxyalkanoate in Agriculture Industry

The agriculture industry has long been a major contributor to plastic waste, primarily due to the extensive use of traditional plastic in various applications such as mulching films, plant containers, and seed coatings. However, as environmental concerns regarding plastic waste continue to escalate, there is a growing need for the adoption of more sustainable materials in agriculture.

Enter polyhydroxyalkanoate (PHA), a biodegradable material that holds immense potential for agricultural applications. PHA can be used to produce biodegradable mulch films, seed coatings, and controlled-release fertilizers. These materials, when discarded, naturally decompose, significantly reducing their environmental impact.

The demand for PHA in the agriculture industry is anticipated to witness a steady rise, driven by the increasing awareness of environmental conservation and the necessity for sustainable agricultural practices. Governments worldwide are also taking action by enforcing regulations on the use of non-degradable plastics, further accelerating the shift towards biodegradable alternatives like PHA

Moreover, ongoing research in the field of bioplastics is expected to bring about advancements in PHA production, making it more cost-effective and accessible for widespread adoption in agriculture.

In conclusion, the growing demand for polyhydroxyalkanoate within the agriculture industry is playing a significant role in driving the growth of the global PHA market. As the world continues to embrace more sustainable solutions, the future prospects for PHA seem incredibly promising, paving the way for a greener and more environmentally conscious agricultural sector.

 

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Key Market Challenges

Lack in Availability of Feedstock

Polyhydroxyalkanoate (PHA), a type of bioplastic, is produced through the bacterial fermentation of sugars or lipids. These sugars and lipids, acting as feedstock, are derived from a wide range of renewable resources, including corn, sugarcane, and used cooking oil. The availability and affordability of these resources are critical factors influencing the production of PHA.

However, the scarcity of feedstock presents a significant hurdle in the PHA production process. The demand for these raw materials, particularly agricultural crops like corn and sugarcane, often surpasses their supply. This imbalance is further exacerbated by competing demands from various industries, including food and biofuel, which puts a strain on the availability of feedstock for PHA production.

Furthermore, the cultivation and processing of these crops require substantial land and water resources, raising concerns about sustainability and environmental impact. It is necessary to carefully manage these resources to ensure responsible and sustainable production practices.

The lack of feedstock availability directly impacts the production capacity and cost-efficiency of PHA manufacturing. As a result, it leads to higher production costs, which are often passed on to the end consumers, making PHA products less competitive compared to conventional plastics. This challenge has the potential to hinder the growth of the global PHA market.

To address these challenges, it is crucial to explore alternative sources of feedstock and develop more efficient and sustainable production techniques. This would not only enhance the availability and affordability of PHA but also contribute to reducing the environmental impact associated with its production.

Key Market Trends

Rising Demand for Biodegradable Plastics

Biodegradable plastics, such as Polyhydroxyalkanoate (PHA), are derived from renewable resources and have garnered attention as a sustainable alternative to conventional plastics. PHA possesses the remarkable ability to decompose naturally in the environment, reducing the environmental burden caused by plastic waste. This attribute makes it a promising solution to combat the global plastic pollution crisis that poses a severe threat to ecosystems worldwide.

Polyhydroxyalkanoate, a type of bioplastic, is produced through the bacterial fermentation of sugar or lipids, resulting in a versatile material that can be used to manufacture a wide range of products. From packaging materials to agricultural films, PHA offers an array of applications due to its unique properties. Its biodegradability ensures that these products have a minimal impact on the environment throughout their lifecycle, contributing to a more sustainable future.

The rising public awareness about plastic pollution and the increasing efforts of governments to promote the use of biodegradable plastics have fueled the demand for PHA. As consumers become more conscious of the environmental consequences of plastic waste, the adoption of PHA as an eco-friendly alternative is expected to continue its upward trend. Furthermore, ongoing advancements in technology and research are driving innovations in PHA production, making it more cost-effective and efficient. These developments further propel the growth of the PHA market and solidify its position as a leading solution for sustainable plastic alternatives.

In conclusion, the growing demand for biodegradable plastics, particularly PHA, reflects a significant trend in the global market. As the world embraces more sustainable solutions, PHA's unique attributes and potential for widespread adoption make it a promising contender in the pursuit of a greener future.

Segmental Insights

Type Insights

Based on the category of type, the Short Chain Length segment emerged as the dominant player in the global market for Polyhydroxyalkanoate in 2022. In comparison to long-chain PHAs, short-length PHAs exhibit higher levels of biodegradability. These versatile polymers can be easily broken down by microbes into non-toxic byproducts when exposed to various environments such as soil, water, and composting facilities.

Moreover, short-length PHAs offer a more sustainable alternative to petroleum-based polymers, as their production does not rely on fossil fuels. By opting for short-length PHAs, we can reduce carbon emissions and decrease our dependence on limited resources, aligning with the growing demand for eco-friendly materials.

The successful commercialization of short-length PHAs has been made possible through advancements in biotechnology and microbial fermentation methods. These breakthroughs have paved the way for the widespread adoption of these environmentally conscious materials, promoting a greener and more sustainable future.

Application Insights

The Packaging & Food Services segment is projected to experience rapid growth during the forecast period. The increasing demand for bioplastics and biodegradable plastics for packaging and food services in various applications, including plastic bags, sheets, and disposable cutlery, is anticipated to drive the growth of the polyhydroxyalkanoate (PHA) market. PHAs, such as polyhydroxyalkanoates, are considered ideal candidates for food packaging applications due to their biodegradable properties.

As a technologically feasible alternative to traditional polymers, bioplastics offer the advantage of being derived from renewable sources and being biodegradable or both. Furthermore, advancements in industrial processes now allow for the production of bioplastics from post-consumer materials, effectively transforming environmentally hazardous waste into a valuable resource for feedstock. With the increasing demand for sustainable packaging solutions, the polyhydroxyalkanoate market is expected to witness significant growth in the forecast period.

 

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Regional Insights

Asia Pacific emerged as the dominant player in the Global Polyhydroxyalkanoate Market in 2022, holding the largest market share in terms of both value and volume. The demand for bioplastics is on the rise in the Asia Pacific region as environmental concerns continue to escalate and regulations become more stringent. In response, numerous industries are making a shift towards sustainable materials to reduce their environmental impact. One type of biodegradable plastic, known as PHA (polyhydroxyalkanoates), is particularly well-suited to meet this growing demand.

Within the Asia Pacific region, many PHA manufacturers have already established a strong presence in their domestic markets. By leveraging local resources and catering to local needs, these manufacturers are able to enhance their production capabilities and boost their sales. This localized approach not only contributes to the growth of the PHA market but also ensures that the specific requirements of the region are met.

China, in particular, plays a pivotal role in the dominance of the Asia Pacific's PHA market. With its robust manufacturing sector and vast industrial infrastructure, China has emerged as a leading player in PHA production. Additionally, the high domestic demand for biodegradable plastics in China further drives the growth of the PHA market in the Asia Pacific region.

Overall, the increasing demand for bioplastics, the localized approach of PHA manufacturers, and the significant contribution of China's manufacturing sector all contribute to the flourishing PHA market in the Asia Pacific region.

Recent Developments

  • In January 2020, BASF SE successfully completed the acquisition of Solvay’s polyamide business, a significant milestone that propelled the company's expansion in the dynamic markets of Asia, North America, and South America. This strategic move allowed BASF SE to strengthen its presence across different continents and tap into new growth opportunities. The acquisition encompassed eight state-of-the-art production facilities strategically located in Germany, France, China, India, South Korea, Brazil, and Mexico, enabling BASF SE to optimize its global supply chain and enhance its production capabilities.
  • Fast forward to June 2022, Newlight Technologies made a groundbreaking breakthrough with the launch of their revolutionary plastic-free AirCarbon-based coated paper products. These innovative creations are crafted using regenerative materials, showcasing the incredible potential of nature-based carbon capture processes. The result is a remarkable paper product that boasts exceptional moisture resistance, grease resistance, and, most importantly, is completely free from plastic. This pioneering solution not only addresses the pressing issue of plastic waste but also offers a sustainable alternative that aligns with the growing demand for eco-friendly products. With their commitment to environmental stewardship and innovation, Newlight Technologies continues to lead the way in creating a more sustainable and plastic-free future.

Key Market Players

  • Bio-on SpA
  • CJ CheilJedang Corp.
  • Danimer Scientific, Inc.
  • Genecis Bioindustries Inc.
  • Kaneka Corporation
  • RWDC Industries Limited
  • Tepha Inc.
  • TerraVerdae Inc.
  • Tianjin GreenBio Materials Co., Ltd.
  • NEWLIGHT TECHNOLOGIES, INC.

 By Type

By Application

By Region

  • Short Chain Length
  • Medium Chain Length
  • Others
  • Packaging & Food Services
  • Biomedical
  • Agriculture
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Polyhydroxyalkanoate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Polyhydroxyalkanoate Market, By Type:

o   Short Chain Length

o   Medium Chain Length

o   Others

  • Polyhydroxyalkanoate Market, By Application:

o   Packaging & Food Services

o   Biomedical

o   Agriculture

o   Others

  • Polyhydroxyalkanoate Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Polyhydroxyalkanoate Market.

Available Customizations:

Global Polyhydroxyalkanoate Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Polyhydroxyalkanoate Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Polyhydroxyalkanoate Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value & Volume

4.2.  Market Share & Forecast

4.2.1.    By Type (Short Chain Length, Medium Chain Length, Others)

4.2.2.    By Application (Packaging & Food Services, Biomedical, Agriculture, Others)

4.2.3.    By Region

4.2.4.    By Company (2022)

4.3.  Market Map

4.3.1.    By Type

4.3.2.    By Application

4.3.3.    By Region

5.    Asia Pacific Polyhydroxyalkanoate Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Type

5.2.2.    By Application

5.2.3.    By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.    China Polyhydroxyalkanoate Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value & Volume

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Type

5.3.1.2.2.           By Application

5.3.2.    India Polyhydroxyalkanoate Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value & Volume

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Type

5.3.2.2.2.           By Application

5.3.3.    Australia Polyhydroxyalkanoate Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value & Volume

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Type

5.3.3.2.2.           By Application

5.3.4.    Japan Polyhydroxyalkanoate Market Outlook

5.3.4.1.        Market Size & Forecast

5.3.4.1.1.           By Value & Volume

5.3.4.2.        Market Share & Forecast

5.3.4.2.1.           By Type

5.3.4.2.2.           By Application

5.3.5.    South Korea Polyhydroxyalkanoate Market Outlook

5.3.5.1.        Market Size & Forecast

5.3.5.1.1.           By Value & Volume

5.3.5.2.        Market Share & Forecast

5.3.5.2.1.           By Type

5.3.5.2.2.           By Application

6.    Europe Polyhydroxyalkanoate Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By Country

6.3.  Europe: Country Analysis

6.3.1.    France Polyhydroxyalkanoate Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value & Volume

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Application

6.3.2.    Germany Polyhydroxyalkanoate Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value & Volume

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Application

6.3.3.    Spain Polyhydroxyalkanoate Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value & Volume

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Application

6.3.4.    Italy Polyhydroxyalkanoate Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value & Volume

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type

6.3.4.2.2.           By Application

6.3.5.    United Kingdom Polyhydroxyalkanoate Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value & Volume

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type

6.3.5.2.2.           By Application

7.    North America Polyhydroxyalkanoate Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Polyhydroxyalkanoate Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value & Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.2.    Mexico Polyhydroxyalkanoate Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value & Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.3.    Canada Polyhydroxyalkanoate Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value & Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

8.    South America Polyhydroxyalkanoate Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Polyhydroxyalkanoate Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value & Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.2.    Argentina Polyhydroxyalkanoate Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value & Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.3.    Colombia Polyhydroxyalkanoate Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value & Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

9.    Middle East and Africa Polyhydroxyalkanoate Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Polyhydroxyalkanoate Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value & Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.2.    Saudi Arabia Polyhydroxyalkanoate Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value & Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.3.    UAE Polyhydroxyalkanoate Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value & Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

9.3.4.    Egypt Polyhydroxyalkanoate Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value & Volume

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Application

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12. Global Polyhydroxyalkanoate Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Product

14. Competitive Landscape

14.1.       Bio-on SpA

14.1.1.         Business Overview

14.1.2.          Company Snapshot

14.1.3.          Products & Services

14.1.4.          Current Capacity Analysis

14.1.5.          Financials (In case of listed)

14.1.6.          Recent Developments

14.1.7.          SWOT Analysis

14.2. CJ CheilJedang Corp.

14.3. Danimer Scientific, Inc.

14.4. Genecis Bioindustries Inc.

14.5. Kaneka Corporation

14.6. RWDC Industries Limited

14.7. Tepha Inc.

14.8. TerraVerdae Inc.

14.9. Tianjin GreenBio Materials Co., Ltd.

14.10.   NEWLIGHT TECHNOLOGIES, INC.

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Polyhydroxyalkanoate Market was estimated to be USD 92.65 million in 2022.

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The Short Chain Length segment demonstrated significant dominance in 2022. Short chain length PHA has excellent properties like high rigidity, good gas barrier, and UV resistance, making it versatile for various applications.

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Asia Pacific dominated the market with a revenue share in 2022. The Asia Pacific region dominates the global PHA market due to its growth in biodegradable plastics manufacturing, high demand for bioplastics, strong domestic markets, and China's pioneering role.

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Rising demand of polyhydroxyalkanoate in packaging and agriculture industries are the major drivers for the Global Polyhydroxyalkanoate Market.

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Sakshi Bajaal

Business Consultant
Press Release

Polyhydroxyalkanoate Market to Grow with a CAGR of 5.28% through 2028

Oct, 2023

Growth in research and development activities is expected to drive the Global Polyhydroxyalkanoate Market growth in the forecast period, 2024-2028