Polyhydroxyalkanoate (PHA) Market

Polyhydroxyalkanoate (PHA) Market by Type (Short chain length, Medium Chain Lenth), Production Methods (Sugar Fermentation, Vegetable Oil Fermentation), Application (Packaging & Food Services, Biomedical) and Region - Global Forecast to 2027

Report Code: CH 1610 Aug, 2022, by marketsandmarkets.com

[216 Pages Report] The PHA market is projected to reach USD 167 million by 2027, at a CAGR of 15.3% from USD 81 million in 2022. The increasing focus on the reduction of non-degradable plastics is attributed to the implementation of stringent government norms and regulations regarding the use of petroleum-based plastics. The global demand for PHA from various applications including packaging & food services, biomedical, and agriculture is expected to increase significantly during the forecast period.

Polyhydroxyalkanoate (PHA) Market

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Market Dynamics

Driver: Green procurement policies

According to a recent report by the UN Environmental Programme, 66% countries worldwide have adopted some form of legislation to regulate the utilization of plastic bags, while only 8 (4%) of 192 countries assessed have banned the use of microbeads through national laws or regulations. UNEP launched a campaign in 2017 which was called Clean Seas, and, until the present, the campaign has garnered a commitment from over 50 countries representing over 60% of the world’s coastlines, including a commitment from India to eliminate single-use plastics by 2022. The European Union has also recently updated the list of Food Contact Materials Regulation (EU) No. 10/2011 on January 11, 2019, Commission Regulation (EU) 2019/37, which is expected to boost the use of PHA in the packaging & food services application.

Restraints: High price compared to conventional polymers

One of the key restraints to the growth of the market is the relatively higher cost of PHA than that of conventional polymers. Generally, the cost of production of biodegradable plastics such as PHA is 20% to 80% higher than conventional plastics. This is primarily due to the high cost of polymerization of biodegradable plastics, as most of the processes are still in the developmental stages. Hence, they have not achieved economies of scale.

Opportunities: Increasing scope in end-use segments

Similar to conventional plastics, there are a high number of applications of PHA-based plastics. The biodegradable plastics market is expected to witness significant growth in consumer goods packaging applications owing to the increasing focus on sustainability and favorable government regulations for green procurement policies. The packaging applications segment is expected to witness significant growth in compostable waste bags, biodegradable mulch films, catering products, film packaging, and rigid packaging.

Challenges: Manufacturing technology in initial phase

The current technology is as yet in the developmental stage, and various raw materials are being tested for the optimal production of PHA. Similarly, tests are being carried out to increase the performance of strains which attenuate the demand for PHAs. The recovery of PHA from biomass leads to high costs in purification and processing. Once the technology is finalized with the careful selection of raw materials, biological/natural strains, and purification technology, PHA production is expected to witness a significant surge. This is only possible if there is widespread production globally. Currently, production is sparsely distributed with the US and China, accounting for almost 90% share of the total PHA production globally.

PHA Market Ecosystem

Polyhydroxyalkanoate (PHA) Market Ecosystem

“Short chain length was the largest type of PHA market in 2021, in terms of volume”

Short chain length accounted for the largest market share, in terms of volume and value, in 2021. The low cost of short chain length as compared to medium chain length is the major attribute for its higher market share in global PHA market. It is the most produced PHA type by major global manufacturers.

“Packaging & food services was the largest application for PHA market in 2021, in terms of value”

Packaging is the most promising application wherein PHA can replace conventional plastics. As per a recent United Nations Environment Programme report on plastic waste, packaging accounts for a 42% share of the total plastic waste generated globally. Most of this waste is from single-use plastic. Many European countries are banning the use of single-use plastics; Spain and Italy have already banned their use in departmental stores and malls, which is creating an effective opportunity for PHA to gain momentum in the packaging & food services application

“Europe was the largest market for PHA in 2021, in terms of volume.”

Europe leads the global PHA market, in terms of value. The growth rates in terms of both, value and volume are also very high for Europe because some of the most stringent legislations have been passed in different countries including Italy and Spain, against the use of plastics. According to an industry expert, socio-economic lobbying in favor of the use of bioplastics or biodegradable plastics is very high in European countries.

Polyhydroxyalkanoate (PHA) Market by Region

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Key Market Players

The key players in this market Danimer Scientific(US), Shenzhen Ecomann Biotechnology Co., Ltd. (China), Kaneka Corporation (Japan), RWDC Industries (Singapore), TianAn Biologic Materials Co. Ltd. (China), Newlight Technologies LLC (US), and Biomer (Germany). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of PHA have opted for new product launches to sustain their market position. They are introducing several products and investing substantially to increase their production capacity of PHA.

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Scope of the Report

Report Metric

Details

Years considered for the study

2017-2027

Base Year

2021

Forecast period

2022–2027

Units considered

Volume (ton); Value (USD Million)

Segments

Type, Production Method, Application and Region

Regions

Asia Pacific, North America, Europe, and Rest of the World

Companies

The key players in this market are as Danimer Scientific (US), Shenzhen Ecomann Biotechnology Co., Ltd (China), Kaneka Corporation (Japan), RWDC Industries (Singapore), Newlight Technologies LLC (US), TianAn Biologic Materials Co. Ltd (China), and Biomer (Germany)

This report categorizes the global PHA market based on type, production method, application and region.

On the basis of type, the PHA market has been segmented as follows:

  • Short Chain Length
  • Medium Chain Length

On the basis of production method, the PHA market has been segmented as follows:

  • Sugar Fermentation
  • Vegetable Oil Fermentation
  • Methane Fermentation

On the basis of application, the PHA market has been segmented as follows:

  • Packaging & Food Services
  • Biomedical
  • Agriculture
  • Others

On the basis of region, the PHA market has been segmented as follows:

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Recent Developments

  • In June 2022, Newlight Technologies launched plastic-free AirCarbon-based coated paper products created from regenerative materials. This product is made by the nature-based carbon capture process which results in a paper product that is moisture-resistant, grease-resistant, and plastic-free.
  • In May 2022, Kaneka Corporation has developed expandable plastic technology that turns biodegradable polymer into molded foam products which has been adopted by the fisheries business for fish boxes to store fresh fish.
  • On March 2022, Tokyu Hotels decided to use the toothbrush made from KANEKA Biodegradable Polymer Green Planet in its hotels, rolling out deployment starting from April 2022 which is expected to become the first hotel chain to purchase toothbrushes made from Green Planet.
  • In January 2022, Bluepha’s first commercial biodegradable material, PHA plant covers 86,000 sqm and is located in the Coastal Industrial Park of Jiangsu Binhai Economic Development Zone, with an annual PHA capacity of 25,000 tons. The entire plant is divided into two phases, whereby the first phase holds 5,000 tons per annum PHA capacity, to be completed by the end of 2022.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 PHA MARKET: INCLUSIONS & EXCLUSIONS
           1.2.2 PHA: MARKET DEFINITION AND INCLUSIONS, BY TYPE
           1.2.3 PHA: MARKET DEFINITION AND INCLUSIONS, BY PRODUCTION METHOD
           1.2.4 PHA: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET SCOPE
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
          FIGURE 1 PHA MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews: Demand- and Supply-sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION - APPROACH 1 (SUPPLY-SIDE): COMBINED SHARE OF MAJOR PLAYERS
                    FIGURE 3 MARKET SIZE ESTIMATION - BOTTOM-UP (SUPPLY-SIDE): REVENUE FROM PHA SALE
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND-SIDE): PRODUCTS SOLD AND AVERAGE SELLING PRICE
    2.3 DATA TRIANGULATION
               FIGURE 5 PHA MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/FORECAST
           2.4.1 SUPPLY-SIDE
                    FIGURE 6 CAGR PROJECTIONS FROM SUPPLY-SIDE
           2.4.2 DEMAND-SIDE
                    FIGURE 7 PROJECTIONS FROM DEMAND-SIDE: DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
          TABLE 1 PHA MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 42)
    FIGURE 8 SHORT CHAIN LENGTH SEGMENT TO DOMINATE IN 2022
    FIGURE 9 PACKAGING & FOOD SERVICES LARGEST APPLICATION
    FIGURE 10 EUROPE ACCOUNTED FOR LARGEST SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES IN PHA MARKET
          FIGURE 11 PACKAGING & FOOD SERVICES AND BIOMEDICAL OFFER SIGNIFICANT OPPORTUNITIES
    4.2 EUROPE PHA MARKET, BY APPLICATION AND COUNTRY
          FIGURE 12 GERMANY LED EUROPE PHA MARKET IN “2O21”
    4.3 PHA MARKET, BY PRODUCTION METHOD
          FIGURE 13 SUGAR FERMENTATION SEGMENT TO DOMINATE BETWEEN 2022 AND 2027
    4.4 PHA MARKET, BY REGION
          FIGURE 14 EUROPE PROJECTED TO BE FASTEST-GROWING MARKET
    4.5 PHA MARKET, REGION VS. APPLICATION
          FIGURE 15 PACKAGING AND FOOD SERVICES TO LEAD GROWTH
    4.6 PHA MARKET ATTRACTIVENESS
          FIGURE 16 ITALY FASTEST-GROWING MARKET BETWEEN 2022 AND 2027

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
           5.1.1 EVOLUTION OF PHA
                    FIGURE 17 PHA DISCOVERY IN 1925 IN FRANCE
    5.2 MARKET DYNAMICS
          FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PHA MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Green procurement policies
                                TABLE 2 NORTH AMERICA AND EUROPEAN UNION REGULATIONS
                    5.2.1.2 High availability of renewable and cost-effective raw materials
                    5.2.1.3 Biodegradability driving consumption
                                FIGURE 19 SHORTCOMINGS OF NON-BIODEGRADABLE WASTE DISPOSAL METHODS
                    5.2.1.4 Increasing concerns about human health and safety
                                TABLE 3 CONVENTIONAL PLASTICS: HEALTH CONCERNS
           5.2.2 RESTRAINTS
                    5.2.2.1 High price compared with conventional polymers
                    5.2.2.2 Performance issues
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing scope in end-use segments
                    5.2.3.2 Emergence of new raw materials
                    5.2.3.3 Cost reductions through economies of scale
                    5.2.3.4 Cyanobacteria enabling cost reduction
                    5.2.3.5 Growth opportunities in Asia Pacific
           5.2.4 CHALLENGES
                    5.2.4.1 Manufacturing technology in initial phase
                    5.2.4.2 Underutilization of manufacturing plants
                                TABLE 4 PHA PRODUCTION CAPACITY, BY COMPANY, 2021 (TONS/YEAR)
                    5.2.4.3 Expensive and complex production process
    5.3 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 20 PORTER’S FIVE FORCES ANALYSIS: PHA MARKET
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 5 PHA MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 21 INFLUENCE OF STAKEHOLDERS FOR TOP THREE APPLICATIONS
                    TABLE 6 STAKEHOLDER INFLUENCE IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 7 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.5 MACROECONOMIC INDICATORS
           5.5.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 8 FORECAST GDP TRENDS FOR MAJOR ECONOMIES, 2019–2027 (USD BILLION)

6 INDUSTRY TRENDS (Page No. - 65)
    6.1 SUPPLY CHAIN ANALYSIS
          FIGURE 23 PHA MARKET: SUPPLY CHAIN ANALYSIS
           6.1.1 RAW MATERIAL
           6.1.2 FERMENTATION
           6.1.3 EXTRACTION
           6.1.4 END-USE INDUSTRIES
    6.2 PHA MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          FIGURE 24 REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          TABLE 9 PHA MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           6.2.1 NON-COVID-19 SCENARIO
           6.2.2 OPTIMISTIC SCENARIO
           6.2.3 PESSIMISTIC SCENARIO
           6.2.4 REALISTIC SCENARIO
    6.3 PRICING ANALYSIS
           6.3.1 AVERAGE SELLING PRICES OF APPLICATIONS OF KEY PLAYERS
                    FIGURE 25 AVERAGE SELLING PRICES OF TOP THREE APPLICATIONS OF KEY PLAYERS
                    TABLE 10 AVERAGE SELLING PRICES OF TOP THREE APPLICATIONS OF KEY, USD/KG
           6.3.2 PHA AVERAGE SELLING PRICE, BY REGION
                    FIGURE 26 PHA AVERAGE SELLING PRICE, BY REGION, USD/KG
                    TABLE 11 PHA AVERAGE SELLING PRICE, BY REGION (USD/KG)
    6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
           6.4.1 REVENUE SHIFTS AND POCKETS FOR PHA MARKET
                    FIGURE 27 REVENUE SHIFTS FOR PHA MARKET
    6.5 CONNECTED MARKETS: ECOSYSTEM
          TABLE 12 PHA MARKET: ECOSYSTEM
          FIGURE 28 PHA MARKET: ECOSYSTEM
    6.6 TECHNOLOGY ANALYSIS
          FIGURE 29 DIFFERENT SUBSTRATES UTILIZED FOR PHA PRODUCTION
           6.6.1 COMMERCIALIZED TECHNOLOGIES
                    TABLE 13 COMMERCIALIZED AND TO BE COMMERCIALIZED TECHNOLOGIES, TYPE AND PRODUCTION METHOD
           6.6.2 PHA PRODUCTION IN BIOREFINERIES
           6.6.3 YET TO BE COMMERCIALIZED
           6.6.4 OTHER POSSIBILITIES
    6.7 CASE STUDY ANALYSIS
           6.7.1 CASE STUDY: PHA USED TO PRODUCE BIODEGRADABLE STRAWS
           6.7.2 CASE STUDY: UTILIZATION OF PHA FOR SUSTAINABLE PACKAGING
           6.7.3 CASE STUDY: USE OF PHA FOR MANUFACTURE OF BIODEGRADABLE SPIRIT BOTTLES
    6.8 TRADE DATA STATISTICS
           6.8.1 IMPORT SCENARIO OF PHA
                    FIGURE 30 IMPORT OF PHA, BY KEY COUNTRIES (2015–2021)
                    TABLE 14 IMPORT OF PHA, BY REGION, 2015–2021 (USD THOUSAND)
           6.8.2 EXPORT SCENARIO OF PHA
                    FIGURE 31 EXPORT OF PHA, BY KEY COUNTRIES (2015–2020)
                    TABLE 15 EXPORT OF PHA, BY REGION, 2015–2021 (USD THOUSAND)
    6.9 REGULATORY LANDSCAPE
          TABLE 16 REGULATIONS FOR PHA
           6.9.1 REACH
           6.9.2 EPA
    6.10 KEY CONFERENCES & EVENTS IN 2022–2023
          TABLE 17 PHA MARKETS: LIST OF CONFERENCES & EVENTS
    6.11 PATENT ANALYSIS
           6.11.1 APPROACH
           6.11.2 DOCUMENT TYPE
                     FIGURE 32 PATENT PUBLICATION TRENDS FOR PHA MARKET, 2011–2021
                     FIGURE 33 LEGAL STATUS OF PATENTS
           6.11.3 JURISDICTION ANALYSIS
                     FIGURE 34 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA
           6.11.4 TOP APPLICANTS
                     FIGURE 35 KANEKA CORPORATION REGISTERED HIGHEST PATENTS BETWEEN 2011 AND 2021
                     TABLE 18 RECENT PATENTS BY KANEKA CORPORATION
                     TABLE 19 RECENT PATENTS BY YIELD10 BIOSCIENCE
                     TABLE 20 RECENT PATENTS BY VEOLIA WATER TECHNOLOGIES
                     TABLE 21 TOP 10 PATENT OWNERS IN US, 2011–2021

7 SOURCES AND PROCESSES OF PHA PRODUCTION (Page No. - 87)
    7.1 GENERAL PRODUCTION PROCESS
          FIGURE 36 PROCESS FLOW OF PHA PRODUCTION
    7.2 SUGAR SUBSTRATE OR CARBOHYDRATES FROM PLANTS
          FIGURE 37 SUGAR SUBSTRATES FOR PHA PRODUCTION
    7.3 TRIACYLGLYCEROLS
    7.4 HYDROCARBONS
          FIGURE 38 HYDROCARBON SUBSTRATES
    7.5 STRAIN SELECTION
          TABLE 22 LIST OF BACTERIUM STRAINS AND OUTPUT
    7.6 BIOPROCESS AND DOWNSTREAM PROCESS
           7.6.1 FERMENTATION PROCESS
                    7.6.1.1 Discontinuous process
                               7.6.1.1.1 Batch process
                               7.6.1.1.2 Fed-batch process
                               7.6.1.1.3 Fed-batch process with cell recycling
                               7.6.1.1.4 Repeated fed-batch
                    7.6.1.2 Continuous process
                               7.6.1.2.1 Continuous fed-batch process
                               7.6.1.2.2 One-stage chemostat
                               7.6.1.2.3 Two-stage chemostat
                               7.6.1.2.4 Multi-stage chemostat
           7.6.2 EXTRACTION PROCESS
                     FIGURE 39 EXTRACTION PROCESS FLOW

8 PRODUCTION CAPACITY ANALYSIS (Page No. - 93)
    TABLE 23 CURRENT PRODUCTION CAPACITIES (TON)
    TABLE 24 UPCOMING PLAYERS
    TABLE 25 DISCONTINUED OR STALLED PRODUCTION

9 POLYHYDROXYALKANOATE (PHA) MARKET, BY TYPE (Page No. - 96)
    9.1 INTRODUCTION
          FIGURE 40 SHORT CHAIN LENGTH SEGMENT TO ACCOUNT FOR LARGER SHARE IN 2022
          TABLE 26 PHA MARKET SIZE, BY TYPE, 2017–2020 (TON)
          TABLE 27 PHA MARKET SIZE, BY TYPE, 2021–2027 (TON)
          TABLE 28 PHA MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 29 PHA MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
    9.2 SHORT CHAIN LENGTH
           9.2.1 POLYHYDROXYVALERATE (PHV)
                    9.2.1.1 PHV polymers can form single crystals with lamellar
           9.2.2 P (4HB-CO-3HB)
                    9.2.2.1 4HB and 3HB ratio decide copolymer properties
           9.2.3 P (3HB-CO-3HV)
                    9.2.3.1 High HV fraction makes polymers more elastic
           9.2.4 OTHERS
                    9.2.4.1 Utilization as copolymers
                                TABLE 30 SHORT CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2017–2020 (TON)
                                TABLE 31 SHORT CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2021–2027 (TON)
                                TABLE 32 SHORT CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 33 SHORT CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    9.3 MEDIUM CHAIN LENGTH
           9.3.1 P (HYDROXYBUTYRATE-CO-HYDROXYOCTANOATE)
                    9.3.1.1 Nodax most common PHA
           9.3.2 P (3HB-CO-3HV-CO-4HB)
                    9.3.2.1 Suitable for medical applications due to high mechanical strength
           9.3.3 OTHERS
                    9.3.3.1 Potential use in medical and biotechnology fields
                                TABLE 34 MEDIUM CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2017–2020 (TON)
                                TABLE 35 MEDIUM CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2021–2027 (TON)
                                TABLE 36 MEDIUM CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 37 MEDIUM CHAIN LENGTH PHA MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)

10 POLYHYDROXYALKANOATE (PHA) MARKET, BY PRODUCTION METHOD (Page No. - 104)
     10.1 INTRODUCTION
            FIGURE 41 SUGAR FERMENTATION PRODUCTION METHOD TO LEAD MARKET
            TABLE 38 PHA MARKET SIZE, BY PRODUCTION METHOD, 2017–2020 (TON)
            TABLE 39 PHA MARKET SIZE, BY PRODUCTION METHOD, 2021–2027 (TON)
            TABLE 40 PHA MARKET SIZE, BY PRODUCTION METHOD, 2017–2020 (USD MILLION)
            TABLE 41 PHA MARKET SIZE, BY PRODUCTION METHOD, 2021–2027 (USD MILLION)

11 POLYHYDROXYALKANOATE (PHA) MARKET, BY APPLICATION (Page No. - 108)

     11.1 INTRODUCTION
            FIGURE 42 PACKAGING & FOOD SERVICES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET
            TABLE 42 PHA MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
            TABLE 43 PHA MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
            TABLE 44 PHA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
            TABLE 45 PHA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
     11.2 PACKAGING & FOOD SERVICES
             11.2.1 PACKAGING
                        11.2.1.1 Rigid packaging
                                     11.2.1.1.1 High impact on rigid packaging segment
                        11.2.1.2 Flexible packaging
                                     11.2.1.2.1 Replacement for petroleum-based plastics in flexible packaging
                        11.2.1.3 Others
                                     11.2.1.3.1 Loose-fill
                                     11.2.1.3.2 Compost bags
             11.2.2 FOOD SERVICES
                        11.2.2.1 High number of applications
                        11.2.2.2 Cups
                                     11.2.2.2.1 Biodegradable disposable PHA cups reduce plastic waste
                        11.2.2.3 Trays
                                     11.2.2.3.1 Sustainable trays from PHA-based plastics
                        11.2.2.4 Other food services
                                     11.2.2.4.1 Containers
                                     11.2.2.4.2 Jars
                                                     TABLE 46 PHA MARKET SIZE IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2017–2020 (TON)
                                                     TABLE 47 PHA MARKET SIZE IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2021–2027 (TON)
                                                     TABLE 48 PHA MARKET SIZE IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                                     TABLE 49 PHA MARKET SIZE IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2021–2027 (USD MILLION)
     11.3 BIOMEDICAL
             11.3.1 SUTURES
                        11.3.1.1 High tensile strength enables manufacture of biodegradable sutures
             11.3.2 DRUG RELEASE
                        11.3.2.1 Biocompatibility suitable for drug carrier applications
             11.3.3 OTHER BIOMEDICAL APPLICATIONS
                        TABLE 50 PHA MARKET SIZE IN BIOMEDICAL APPLICATION, BY REGION, 2017–2020 (TON)
                        TABLE 51 PHA MARKET SIZE IN BIOMEDICAL APPLICATION, BY REGION, 2021–2027 (TON)
                        TABLE 52 PHA MARKET SIZE IN BIOMEDICAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 53 PHA MARKET SIZE IN BIOMEDICAL APPLICATION, BY REGION, 2021–2027 (USD MILLION)
     11.4 AGRICULTURE
             11.4.1 MULCH FILMS
                        11.4.1.1 Mulch films enable farmers to directly plow fields
             11.4.2 PLANT POTS
                        11.4.2.1 Plant pots help initial stages of plant growth
             11.4.3 OTHER AGRICULTURAL APPLICATIONS
                        11.4.3.1 Bins
                        11.4.3.2 Chutes
                        11.4.3.3 Hoppers
                                      TABLE 54 PHA MARKET SIZE IN AGRICULTURE APPLICATION, BY REGION, 2017–2020 (TON)
                                      TABLE 55 PHA MARKET SIZE IN AGRICULTURE APPLICATION, BY REGION, 2021–2027 (TON)
                                      TABLE 56 PHA MARKET SIZE IN AGRICULTURE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                      TABLE 57 PHA MARKET SIZE IN AGRICULTURE APPLICATION, BY REGION, 2021–2027 (USD MILLION)
     11.5 OTHERS
             11.5.1 WASTEWATER TREATMENT
             11.5.2 COSMETICS
             11.5.3 CHEMICAL ADDITIVES
             11.5.4 3D PRINTING
                        TABLE 58 PHA MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2020 (TON)
                        TABLE 59 PHA MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2021–2027 (TON)
                        TABLE 60 PHA MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 61 PHA MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2021–2027 (USD MILLION)

12 POLYHYDROXYALKANOATE (PHA) MARKET, BY REGION (Page No. - 123)
     12.1 INTRODUCTION
             TABLE 62 PHA MARKET SIZE, BY REGION, 2017–2020 (TON)
             TABLE 63 PHA MARKET SIZE, BY REGION, 2021–2027 (TON)
             TABLE 64 PHA MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
             TABLE 65 PHA MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
     12.2 NORTH AMERICA
             FIGURE 43 NORTH AMERICA: PHA MARKET SNAPSHOT
             TABLE 66 MAJOR PHA MANUFACTURERS IN NORTH AMERICA
             TABLE 67 UPCOMING PHA MANUFACTURERS IN NORTH AMERICA
             12.2.1 NORTH AMERICA PHA MARKET, BY APPLICATION
                        TABLE 68 NORTH AMERICA: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
                        TABLE 69 NORTH AMERICA: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
                        TABLE 70 NORTH AMERICA: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                        TABLE 71 NORTH AMERICA: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
             12.2.2 NORTH AMERICA PHA MARKET, BY TYPE
                        TABLE 72 NORTH AMERICA: PHA MARKET SIZE, BY TYPE, 2017–2020 (TON)
                        TABLE 73 NORTH AMERICA: PHA MARKET SIZE, BY TYPE, 2021–2027 (TON)
                        TABLE 74 NORTH AMERICA: PHA MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 75 NORTH AMERICA: PHA MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
             12.2.3 NORTH AMERICA PHA MARKET, BY COUNTRY
                        TABLE 76 NORTH AMERICA: PHA MARKET SIZE, BY COUNTRY, 2017–2020 (TON)
                        TABLE 77 NORTH AMERICA: PHA MARKET SIZE, BY COUNTRY, 2021–2027 (TON)
                        TABLE 78 NORTH AMERICA: PHA MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 79 NORTH AMERICA: PHA MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        12.2.3.1 US
                                     12.2.3.1.1 Stringent production, use, and disposal regulations
                                                      TABLE 80 US: PHA MARKET SIZE, 2017–2020
                                                      TABLE 81 US: PHA MARKET SIZE, 2021–2027
                        12.2.3.2 Canada
                                     12.2.3.2.1 Proposed ban on single-use plastics to influence market growth
                                                      TABLE 82 CANADA: PHA MARKET SIZE, 2017–2020
                                                      TABLE 83 CANADA: PHA MARKET SIZE, 2021–2027
                        12.2.3.3 Mexico
                                     12.2.3.3.1 Government initiatives and international investments creating opportunities
                                                      TABLE 84 MEXICO: PHA MARKET SIZE, 2017–2020
                                                      TABLE 85 MEXICO: PHA MARKET SIZE, 2021–2027
     12.3 EUROPE
            FIGURE 44 EUROPE: PHA MARKET SNAPSHOT
            TABLE 86 MAJOR PHA MANUFACTURERS IN EUROPE
            TABLE 87 UPCOMING PHA MANUFACTURERS IN EUROPE
             12.3.1 EUROPE PHA MARKET, BY APPLICATION
                        TABLE 88 EUROPE: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
                        TABLE 89 EUROPE: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
                        TABLE 90 EUROPE: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                        TABLE 91 EUROPE: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
             12.3.2 EUROPE PHA MARKET, BY TYPE
                        TABLE 92 EUROPE: PHA MARKET SIZE, BY TYPE, 2017–2020 (TON)
                        TABLE 93 EUROPE: PHA MARKET SIZE, BY TYPE, 2021–2027 (TON)
                        TABLE 94 EUROPE: PHA MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 95 EUROPE: PHA MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
             12.3.3 EUROPE PHA MARKET, BY COUNTRY
                        TABLE 96 EUROPE: PHA MARKET SIZE, BY COUNTRY, 2017–2020 (TON)
                        TABLE 97 EUROPE: PHA MARKET SIZE, BY COUNTRY, 2021–2027 (TON)
                        TABLE 98 EUROPE: PHA MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 99 EUROPE: PHA MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        12.3.3.1 Germany
                                     12.3.3.1.1 Advanced infrastructure for solid waste management to propel market
                                                      TABLE 100 GERMANY: PHA MARKET SIZE, 2017–2020
                                                      TABLE 101 GERMANY: PHA MARKET SIZE, 2021–2027
                        12.3.3.2 UK
                                     12.3.3.2.1 Government’s aim to achieve zero-waste economy to influence growth
                                                      TABLE 102 UK: PHA MARKET SIZE, 2017–2020
                                                      TABLE 103 UK: PHA MARKET SIZE, 2021–2027
                        12.3.3.3 France
                                     12.3.3.3.1 Government’s initiatives for bio-based economy to drive market
                                                      TABLE 104 FRANCE: PHA MARKET SIZE, 2017–2020
                                                      TABLE 105 FRANCE: PHA MARKET SIZE, 2021–2027
                        12.3.3.4 Italy
                                     12.3.3.4.1 Demand for eco-friendly packaging solutions to drive market
                                                      TABLE 106 ITALY: PHA MARKET SIZE, 2017–2020
                                                      TABLE 107 ITALY: PHA MARKET SIZE, 2021–2027
                        12.3.3.5 Rest of Europe
                                     TABLE 108 REST OF EUROPE: PHA MARKET SIZE, 2017–2020
                                     TABLE 109 REST OF EUROPE: PHA MARKET SIZE, 2021–2027
     12.4 ASIA PACIFIC
             FIGURE 45 ASIA PACIFIC: PHA MARKET SNAPSHOT
             TABLE 110 MAJOR PHA MANUFACTURERS IN ASIA PACIFIC
             TABLE 111 UPCOMING PHA MANUFACTURERS IN ASIA PACIFIC
             12.4.1 ASIA PACIFIC PHA MARKET, BY APPLICATION
                        TABLE 112 ASIA PACIFIC: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
                        TABLE 113 ASIA PACIFIC: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
                        TABLE 114 ASIA PACIFIC: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                        TABLE 115 ASIA PACIFIC: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
             12.4.2 ASIA PACIFIC PHA MARKET, BY TYPE
                        TABLE 116 ASIA PACIFIC: PHA MARKET SIZE, BY TYPE, 2017–2020 (TON)
                        TABLE 117 ASIA PACIFIC: PHA MARKET SIZE, BY TYPE, 2021–2027 (TON)
                        TABLE 118 ASIA PACIFIC: PHA MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 119 ASIA PACIFIC: PHA MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
             12.4.3 ASIA PACIFIC PHA MARKET, BY COUNTRY
                        TABLE 120 ASIA PACIFIC: PHA MARKET SIZE, BY COUNTRY, 2017–2020 (TON)
                        TABLE 121 ASIA PACIFIC: PHA MARKET SIZE, BY COUNTRY, 2021–2027 (TON)
                        TABLE 122 ASIA PACIFIC: PHA MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 123 ASIA PACIFIC: PHA MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        12.4.3.1 China
                                     12.4.3.1.1 Global and local PHA manufacturers to drive market
                                                      TABLE 124 CHINA: PHA MARKET SIZE, 2017–2020
                                                      TABLE 125 CHINA: PHA MARKET SIZE, 2021–2027
                        12.4.3.2 Japan
                                     12.4.3.2.1 Biomass-based plastics and biodegradable plastics to fuel market
                                                      TABLE 126 JAPAN: PHA MARKET SIZE, 2017–2020
                                                      TABLE 127 JAPAN: PHA MARKET SIZE, 2021–2027
                        12.4.3.3 India
                                     12.4.3.3.1 Ban on non-biodegradable plastics to boost market
                                                      TABLE 128 INDIA: PHA MARKET SIZE, 2017–2020
                                                      TABLE 129 INDIA: PHA MARKET SIZE, 2021–2027
                        12.4.3.4 Malaysia
                                     12.4.3.4.1 Fully automated plant producing biodegradable plastic from palm oil, propelling market
                                                      TABLE 130 MALAYSIA: PHA MARKET SIZE, 2017–2020
                                                      TABLE 131 MALAYSIA: PHA MARKET SIZE, 2021–2027
                        12.4.3.5 South Korea
                                     12.4.3.5.1 Existing R&D establishments to encourage PHA manufacturers
                                                      TABLE 132 SOUTH KOREA: PHA MARKET SIZE, 2017–2020
                                                      TABLE 133 SOUTH KOREA: PHA MARKET SIZE, 2021–2027
                        12.4.3.6 Rest of Asia Pacific
                                      TABLE 134 REST OF ASIA PACIFIC: PHA MARKET SIZE, 2017–2020
TABLE 135 REST OF ASIA PACIFIC: PHA MARKET SIZE, 2021–2027
     12.5 REST OF THE WORLD (ROW)
             12.5.1 REST OF THE WORLD PHA MARKET, BY APPLICATION
                        TABLE 136 REST OF THE WORLD: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
                        TABLE 137 REST OF THE WORLD: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
                        TABLE 138 REST OF THE WORLD: PHA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                        TABLE 139 REST OF THE WORLD: PHA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
             12.5.2 REST OF THE WORLD PHA MARKET, BY TYPE
                        TABLE 140 REST OF THE WORLD: PHA MARKET SIZE, BY TYPE, 2017–2020 (TON)
                        TABLE 141 REST OF THE WORLD: PHA MARKET SIZE, BY TYPE, 2021–2027 (TON)
                        TABLE 142 REST OF THE WORLD: PHA MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 143 REST OF THE WORLD: PHA MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
             12.5.3 REST OF THE WORLD PHA MARKET, BY REGION
                        TABLE 144 REST OF THE WORLD: PHA MARKET SIZE, BY REGION, 2017–2020 (TON)
                        TABLE 145 REST OF THE WORLD: PHA MARKET SIZE, BY REGION, 2021–2027 (TON)
                        TABLE 146 REST OF THE WORLD: PHA MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 147 REST OF THE WORLD: PHA MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
                        12.5.3.1 South America
                                     12.5.3.1.1 Awareness toward green economy to propel market
                                                      TABLE 148 SOUTH AMERICA: PHA MARKET SIZE, 2017–2020
                                                      TABLE 149 SOUTH AMERICA: PHA MARKET SIZE, 2021–2027
                        12.5.3.2 Middle East & Africa
                                     12.5.3.2.1 Growing biomedical industry to drive market
                                                      TABLE 150 MIDDLE EAST & AFRICA: PHA MARKET SIZE, 2017–2020
                                                      TABLE 151 MIDDLE EAST & AFRICA: PHA MARKET SIZE, 2021–2027

13 COMPETITIVE LANDSCAPE (Page No. - 157)
     13.1 INTRODUCTION
     13.2 STRATEGIES ADOPTED BY KEY PLAYERS
             TABLE 152 OVERVIEW OF STRATEGIES ADOPTED BY KEY PHA MANUFACTURERS
     13.3 MARKET SHARE ANALYSIS
             13.3.1 RANKING OF KEY MARKET PLAYERS, 2021
                        FIGURE 46 RANKING OF TOP FIVE PLAYERS IN PHA MARKET, 2021
             13.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 153 PHA MARKET: DEGREE OF COMPETITION
                        FIGURE 47 DANIMER SCIENTIFIC LED PHA MARKET IN 2021
                        13.3.2.1 Danimer Scientific
                        13.3.2.2 Shenzhen Ecomann Biotechnology Co., Ltd
                        13.3.2.3 Kaneka Corporation
                        13.3.2.4 RWDC Industries
                        13.3.2.5 TianAn Biologic Materials Co. Ltd.
             13.3.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS
                        FIGURE 48 REVENUE ANALYSIS OF KEY COMPANIES FOR LAST FIVE YEARS
     13.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
             FIGURE 49 PHA MARKET: COMPANY FOOTPRINT
             TABLE 154 PHA MARKET: TYPE FOOTPRINT
             TABLE 155 PHA MARKET: APPLICATION FOOTPRINT
             TABLE 156 PHA MARKET: COMPANY REGION FOOTPRINT
     13.5 COMPANY EVALUATION QUADRANT (TIER 1)
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
                        FIGURE 50 COMPANY EVALUATION QUADRANT FOR PHA MARKET (TIER 1)
     13.6 COMPETITIVE BENCHMARKING
             TABLE 157 PHA MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 158 PHA MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.7 STARTUP/SME EVALUATION QUADRANT
             13.7.1 RESPONSIVE COMPANIES
             13.7.2 STARTING BLOCKS
                        FIGURE 51 STARTUP/SME EVALUATION QUADRANT FOR PHA MARKET
     13.8 COMPETITIVE SITUATIONS AND TRENDS
             13.8.1 NEW PRODUCT LAUNCHES
                       TABLE 159 PHA MARKET: NEW PRODUCT LAUNCHES (2019–2022)
             13.8.2 DEALS
                       TABLE 160 PHA MARKET: DEALS (2019–2022)
             13.8.3 OTHER DEVELOPMENTS
                       TABLE 161 PHA MARKET: OTHER DEVELOPMENTS (2019–2022)

14 COMPANY PROFILES (Page No. - 173)
     14.1 MAJOR PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
             14.1.1 KANEKA CORPORATION
                       TABLE 162 KANEKA CORPORATION: COMPANY OVERVIEW
                       FIGURE 52 KANEKA CORPORATION: COMPANY SNAPSHOT
             14.1.2 DANIMER SCIENTIFIC
                       TABLE 163 DANIMER SCIENTIFIC: COMPANY OVERVIEW
                       FIGURE 53 DANIMER SCIENTIFIC: COMPANY SNAPSHOT
             14.1.3 SHENZHEN ECOMANN BIOTECHNOLOGY CO., LTD
                       TABLE 164 SHENZHEN ECOMANN BIOTECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             14.1.4 RWDC INDUSTRIES
                       TABLE 165 RWDC INDUSTRIES: COMPANY OVERVIEW
             14.1.5 NEWLIGHT TECHNOLOGIES, INC
                       TABLE 166 NEWLIGHT TECHNOLOGIES, INC: COMPANY OVERVIEW
             14.1.6 TIANAN BIOLOGIC MATERIALS CO., LTD
                       TABLE 167 TIANAN BIOLOGIC MATERIALS CO., LTD: COMPANY OVERVIEW
             14.1.7 BIOMER
                       TABLE 168 BIOMER: COMPANY OVERVIEW
             14.1.8 PHABUILDER
                       TABLE 169 PHABUILDER: COMPANY OVERVIEW
             14.1.9 TERRAVERDAE BIOWORKS INC.
                       TABLE 170 TERRAVERDAE BIOWORKS INC.: COMPANY OVERVIEW
             14.1.10 BLUEPHA
                       TABLE 171 BLUEPHA: COMPANY OVERVIEW
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     14.2 STARTUP/SME PLAYERS
             14.2.1 NAFIGATE CORPORATION
                       TABLE 172 NAFIGATE CORPORATION: COMPANY OVERVIEW
             14.2.2 GENECIS BIOINDUSTRIES INC
                       TABLE 173 GENECIS BIOINDUSTRIES INC.: COMPANY OVERVIEW
             14.2.3 TEPHA, INC.
                       TABLE 174 TEPHA, INC.: COMPANY OVERVIEW
             14.2.4 CJ CHEILJEDANG I BIO
                       TABLE 175 CJ CHEILJEDANG I BIO: COMPANY OVERVIEW
             14.2.5 FULL CYCLE BIOPLASTICS LLC
                       TABLE 176 FULL CYCLE BIOPLASTICS LLC: COMPANY OVERVIEW
             14.2.6 MANGO MATERIALS
                       TABLE 177 MANGO MATERIALS.: COMPANY OVERVIEW
             14.2.7 COFCO
                       TABLE 178 COFCO: COMPANY OVERVIEW
             14.2.8 MEDPHA
                       TABLE 179 MEDPHA: COMPANY OVERVIEW

15 ADJACENT AND RELATED MARKETS (Page No. - 201)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 BIOPLASTICS & BIOPOLYMERS MARKET
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
     15.4 BIOPLASTICS & BIOPOLYMERS MARKET, BY REGION
             TABLE 180 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
             TABLE 181 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
             15.4.1 ASIA PACIFIC
                        15.4.1.1 By country
                                      TABLE 182 ASIA PACIFIC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 183 ASIA PACIFIC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.1.2 By end-use industry
                                      TABLE 184 ASIA PACIFIC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 185 ASIA PACIFIC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
             15.4.2 EUROPE
                        15.4.2.1 By country
                                      TABLE 186 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 187 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.2.2 By end-use industry
                                      TABLE 188 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 189 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
             15.4.3 NORTH AMERICA
                        15.4.3.1 By country
                                      TABLE 190 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 191 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.3.2 By end-use industry
                                      TABLE 192 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 193 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
             15.4.4 REST OF THE WORLD
                        15.4.4.1 By country
                                      TABLE 194 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 195 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.4.2 By end-use industry
                                      TABLE 196 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 197 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)

16 APPENDIX (Page No. - 210)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 CUSTOMIZATION OPTIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities to estimate the market size for PHA market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The PHA market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the PHA market have been interviewed to obtain qualitative and quantitative information.

The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the PHA industry.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Polyhydroxyalkanoate (PHA) Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the PHA market.

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

PHA Market: Bottom-Up Approach 1

Polyhydroxyalkanoate (PHA) Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Report Objectives

  • To define, describe, and forecast the size of the polyhydroxyalkanoate (PHA) market, in terms of value and volume
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To estimate and forecast the market size based on type, production method, and application
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, and Rest of the World (RoW), along with their key countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market
  • To strategically profile key market players and comprehensively analyze their core competencies2

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players
Polyhydroxyalkanoate (PHA) Market Size,  Share & Growth Report
Report Code
CH 1610
Published ON
Aug, 2022
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