HOME Top Market Reports Polyhydroxyalkanoate (PHA) Market by Type (Monomers, Co-Polymers, Terpolymers), Manufacturing Technology (Bacterial Fermentation, Biosynthesis, Enzymatic Catalysis), Application (Packaging, Bio Medical, Food Services, Agriculture) - Global Forecast to 2021

Polyhydroxyalkanoate (PHA) Market by Type (Monomers, Co-Polymers, Terpolymers), Manufacturing Technology (Bacterial Fermentation, Biosynthesis, Enzymatic Catalysis), Application (Packaging, Bio Medical, Food Services, Agriculture) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 1610

 

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The market for Polyhydroxyalkanoate (PHA) was valued at USD 70.0 Million in 2015. It is projected to grow at a CAGR of 4.88% from 2016 to 2021. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

The objectives of the report are as follows:

  • To define, segment, and project the size of the global Polyhydroxyalkanoate (PHA) market on the basis of type, technology, application, and region
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market in terms of value and volume, with respect to five main regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, South America, and Middle East and Africa
  • To strategically profile key players and comprehensively analyze their core competencies2
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development in the PHA market

The research methodology used to estimate and project the market size included the ‘top-down’ and ‘bottom-up’ approaches. The total size of the PHA market was calculated and accordingly, weightages were provided for various segments. This was done on the basis of extensive primary interviews and secondary research based on the information available on websites of various associations such as European Bioplastics Organisation and Australasian Bioplastics Association. Primary research conducted for this report included extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.

Micromarkets are defined as the segments and subsegments of the global polyhydroxyalkanoate (PHA) market included in the report.

Core competencies of the companies are captured in terms of their key developments, SWOT analysis, and key strategies to sustain their position in the market.

Polyhydroxyalkanoate (PHP) Market

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

The ecosystem of the PHA market comprises manufacturers of PHA such as, Metabolix Inc. (U.S.), Kaneka Corporation (Japan), Meredian Holdings Group, Inc. (U.S.), Shenzhen Ecomann Biotechnology Co., Ltd (China), BioMatera (Canada), Biomer (Germany), Bio-On Srl (Italy), Newlight Technologies, LLC (U.S.), PHB Industrial S.A. (Brazil), PolyFerm Canada, Inc. (Canada), TianAn Biological Materials Co. Ltd. (China), and Tianjin GreenBio Materials Co., Ltd. (China), and converting industries using PHA in various applications such as, BASF SE (Germany), and The Dow Chemical Company (U.S.)

Target Audience:

  • PHA manufacturers, distributors, and suppliers
  • Manufacturers in end-use industries such as packaging, food services, bio-medical, agriculture, and so on
  • Government and research organizations
  • Raw material suppliers
  • Associations and industry bodies
  • Consulting companies in chemicals and plastics sectors
  • Investment banks

“The study answers several questions for the stakeholders: primarily, which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments.”

Scope of the Report

The research report categorizes the PHA market into the following segments:

Type:

  • PHA monomers
  • PHA co-polymers
  • PHA terpolymers

Manufacturing Technology

  • Bacterial Fermentation
  • Biosynthesis
  • Enzymatic catalysis

Application

  • Packaging
  • Food services
  • Bio medical
  • Agriculture
  • Others (textile, chemical, electronics, automotive, and energy)

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

  • PHA market, by  other countries in the rest of Asia-Pacific, rest of Europe, and rest of Middle East and Africa
  • PHA market, sub-applications by countries

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Breakdown of Primary Interviews
    2.4 Market Size Estimation
    2.5 Data Triangulation
    2.6 Research Assumptions and Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Significant Opportunities in PHA Market
    4.2 PHA Market in North America, By Application and Country
    4.3 Fastest-Growing PHA Market
    4.4 PHA Market, By Manufacturing Technology

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Evolution of PHA
    5.3 PHA Market Segmentation
           5.3.1 By Type
           5.3.2 By Manufacturing Technology
           5.3.3 By Application
           5.3.4 By Region
    5.4 Market Dynamics
    5.5 Impact Analysis
           5.5.1 Drivers
                    5.5.1.1 Sustainable Green Procurement Policies
                    5.5.1.2 Vast Availability of Renewable and Cost Effective Raw Materials
                    5.5.1.3 Biodegradability Driving Consumption
                    5.5.1.4 Increasing Concerns About Human Health and Safety
           5.5.2 Restraints
                    5.5.2.1 High Price Compared to Conventional Polymers
                    5.5.2.2 Performance Issues
           5.5.3 Opportunities
                    5.5.3.1 Increasing Scope in End-Use Segments
                    5.5.3.2 New Raw Materials
                    5.5.3.3 Cost Reduction Through Economies of Scale
                    5.5.3.4 Growth Opportunities in Asia-Pacific
           5.5.4 Challenges
                    5.5.4.1 Manufacturing Technology Still in Initial Phase
                    5.5.4.2 Underutilization of PHA Producing Plants

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of Substitutes
           6.3.2 Threat of New Entrants
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Patent Analysis
    6.5 Macroeconomic Indicators
           6.5.1 GDP Growth Rate Forecasts of Major Economies
           6.5.2 Packaging Market Analysis
           6.5.3 Chemical Market Analysis

7 Sources of PHA Production (Page No. - 56)
    7.1 Introduction
    7.2 General Production Process
           7.2.1 Choice of Raw Material
           7.2.2 Strain Selection
           7.2.3 Bioprocesses and Downstream Processing
    7.3 Plant Sugar
    7.4 Plant Oil
    7.5 Waste Lipids
    7.6 Milk Whey

8 PHA Market, By Type (Page No. - 61)
    8.1 Introduction
           8.1.1 PHA Monomers
                    8.1.1.1 Polyhydroxybutyrate
                    8.1.1.2 Polyhydroxyvalerate
                    8.1.1.3 Others
           8.1.2 PHA Co-Polymers
                    8.1.2.1 P(4hb-Co-3hb)
                    8.1.2.2 P(3hb-Co-3hv)
                    8.1.2.3 Others
           8.1.3 PHA Terpolymers
                    8.1.3.1 P(3hb-Co-3hv-Co-4hb)
                    8.1.3.2 Others

9 PHA Market, By Manufacturing Technology (Page No. - 65)
    9.1 Introduction
           9.1.1 Bacterial Fermentation
           9.1.2 Biosynthesis
           9.1.3 Enzymatic Catalysis

10 PHA Market, By Application (Page No. - 69)
     10.1 Introduction
             10.1.1 Packaging
                        10.1.1.1 Rigid Packaging
                        10.1.1.2 Flexible Packaging
                        10.1.1.3 Others
                                     10.1.1.3.1 Loose Fill
                                     10.1.1.3.2 Compost Bags
             10.1.2 Food Services
                        10.1.2.1 Cups
                        10.1.2.2 Trays
                        10.1.2.3 Others
                                     10.1.2.3.1 Containers
                                     10.1.2.3.2 Jars
             10.1.3 Biomedical
                        10.1.3.1 Sutures
                        10.1.3.2 Drug Release
                        10.1.3.3 Others
             10.1.4 Agriculture
                        10.1.4.1 Mulch Films
                        10.1.4.2 Plant Pots
                        10.1.4.3 Others
                                     10.1.4.3.1 Bins
                                     10.1.4.3.2 Chutes
                                     10.1.4.3.3 Hoppers
             10.1.5 Others
                        10.1.5.1 Chemical
                        10.1.5.2 Automotive
                        10.1.5.3 Textile
                        10.1.5.4 Energy
                        10.1.5.5 Cosmetics and Personal Care

11 PHA Market, By Region (Page No. - 76)
     11.1 Introduction
             11.1.1 North America
                        11.1.1.1 U.S.
                        11.1.1.2 Canada
                        11.1.1.3 Mexico
             11.1.2 Europe
                        11.1.2.1 Germany
                        11.1.2.2 U.K.
                        11.1.2.3 France
                        11.1.2.4 Italy
                        11.1.2.5 Sweden
                        11.1.2.6 Denmark
                        11.1.2.7 Rest of Europe
             11.1.3 Asia-Pacific
                        11.1.3.1 China
                        11.1.3.2 Japan
                        11.1.3.3 India
                        11.1.3.4 Malaysia
                        11.1.3.5 Thailand
                        11.1.3.6 Australia
                        11.1.3.7 Rest of Asia-Pacific
             11.1.4 South America
                        11.1.4.1 Brazil
                        11.1.4.2 Colombia
                        11.1.4.3 Rest of South America
             11.1.5 Middle East and Africa
                        11.1.5.1 Saudi Arabia
                        11.1.5.2 South Africa
                        11.1.5.3 Rest of Middle East and Africa

12 Competitive Landscape (Page No. - 118)
     12.1 Overview
     12.2 Market Share Analysis
     12.3 Competitive Benchmarking
     12.4 Competitive Situations and Trends
             12.4.1 Collaborations, Partnerships, Contracts and Agreements
             12.4.2 New Product Launches
             12.4.3 Expansions

13 Company Profiles (Page No. - 126)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     13.1 Metabolix, Inc.
     13.2 Kaneka Corporation
     13.3 Meredian Holdings Group, Inc.
     13.4 Shenzhen Ecomann Biotechnology Co., Ltd.
     13.5 Biomatera
     13.6 Biomer
     13.7 Bio-On SRL
     13.8 Newlight Technologies, LLC
     13.9 PHB Industrial S.A.
     13.10 Polyferm Canada, Inc.
     13.11 Tianan Biologic Materials Co., Ltd,
     13.12 Tianjin Greenbio Materials Co., Ltd.
     13.13 Other Key Market Players
             13.13.1 Tepha, Inc.
             13.13.2 Bluepha Co., Ltd.
             13.13.3 Dayglo Color Corp.
             13.13.4 Bioamber, Inc.
             13.13.5 Full Cycle Bioplastics
             13.13.6 Procter & Gamble Co.
             13.13.7 Dupont Tate & Lyle Bio Products Company, LLC
             13.13.8 CJ Cheiljedang Corp.
             13.13.9 Biome Bioplastics Ltd.
             13.13.10 Cardia Bioplastics Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 148)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets Subscription Portal
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (97 Tables)

Table 1 PHA Market, By Type
Table 2 PHA, By Manufacturing Technology
Table 3 PHA, By Application
Table 4 North America and Eu Regulations
Table 5 Conventional Plastics: Health Concerns
Table 6 PHA Production Capacity, By Company, 2016 and 2020 (Metric Ton/Year)
Table 7 Trends and Forecast of GDP Growth Rate, 2016–2020
Table 8 Chemical Production, 2012–2020
Table 9 PHA: Production Process and Raw Material, By Company
Table 10 PHA Market Size, By Type, 2014–2021 (USD Million)
Table 11 PHA Market Size, By Type, 2014–2021 (Metric Ton)
Table 12 PHA Market Size, By Manufacturing Technology, 2014–2021 (USD Million)
Table 13 PHA Market Size, By Manufacturing Technology, 2014–2021 (Metric Ton)
Table 14 PHA Market Size, By Application, 2014–2021 (USD Million)
Table 15 PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 16 PHA Market Size, By Region, 2014–2021 (USD Million)
Table 17 PHA Market Size, By Region, 2014–2021 (Metric Ton)
Table 18 North America: PHA Market Size, By Country, 2014–2021 (USD Million)
Table 19 North America: PHA Market Size, By Country, 2014–2021 (Metric Ton)
Table 20 North America: PHA Market Size, By Application, 2014–2021 (USD Million)
Table 21 North America: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 22 North America: PHA Market Size, By Manufacturing Technology, 2014–2021 (USD Million)
Table 23 North America: PHA Market Size, By Manufacturing Technology, 2014–2021 (Metric Ton)
Table 24 U.S.: PHA Market Size, By Application, 2014–2021 (USD Million)
Table 25 U.S.: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 26 Canada: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 27 Canada: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 28 Mexico: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 29 Mexico: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 30 Europe: PHA Market Size, By Country, 2014–2021 (USD Million)
Table 31 Europe: PHA Market Size, By Country, 2014–2021 (Metric Ton)
Table 32 Europe: PHA Market Size, By Application, 2014–2021 (USD Million)
Table 33 Europe: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 34 Europe: PHA Market Size, By Manufacturing Technology, 2014–2021 (USD Million)
Table 35 Europe: PHA Market Size, By Manufacturing Technology, 2014–2021 (Metric Ton)
Table 36 Germany: PHA Market Size, By Application, 2014–2021 (USD Million)
Table 37 Germany: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 38 U.K.: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 39 U.K.: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 40 France: PHA Market Size, By Application, 2014–2021 (USD Million)
Table 41 France: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 42 Italy: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 43 Italy: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 44 Sweden: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 45 Sweden: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 46 Denmark: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 47 Denmark: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 48 Rest of Europe: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 49 Rest of Europe: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 50 Asia-Pacific: PHA Market Size, By Country, 2014–2021 (USD Million)
Table 51 Asia-Pacific: PHA Market Size, By Country, 2014–2021 (Metric Ton)
Table 52 Asia-Pacific: PHA Market Size, By Application, 2014–2021 (USD Million)
Table 53 Asia-Pacific: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 54 Asia-Pacific: PHA Market Size, By Manufacturing Technology, 2014–2021 (USD Million)
Table 55 Asia-Pacific: PHA Market Size, By Manufacturing Technology, 2014–2021 (Metric Ton)
Table 56 China: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 57 China: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 58 Japan: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 59 Japan: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 60 India: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 61 India: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 62 Malaysia: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 63 Malaysia: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 64 Thailand: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 65 Thailand: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 66 Australia: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 67 Australia: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 68 Rest of Asia-Pacific: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 69 Rest of Asia-Pacific: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 70 South America: PHA Market Size, By Country, 2014–2021 (USD Million)
Table 71 South America: PHA Market Size, By Country, 2014–2021 (Metric Ton)
Table 72 South America: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 73 South America: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 74 South America: PHA Market Size, By Manufacturing Technology, 2014–2021 (USD Million)
Table 75 South America: PHA Market Size, By Manufacturing Technology, 2014–2021 (Metric Ton)
Table 76 Brazil: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 77 Brazil: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 78 Colombia: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 79 Colombia: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 80 Rest of South America: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 81 Rest of South America: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 82 Middle East and Africa: PHA Market Size, By Country, 2014–2021 (USD Million)
Table 83 Middle East and Africa: PHA Market Size, By Country, 2014–2021 (Metric Ton)
Table 84 Middle East and Africa: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 85 Middle East and Africa: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 86 Middle East and Africa: PHA Market Size, By Manufacturing Technology, 2014–2021 (USD Million)
Table 87 Middle East and Africa: PHA Market Size, By Manufacturing Technology, 2014–2021 (Metric Ton)
Table 88 Saudi Arabia: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 89 Saudi Arabia: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 90 South Africa: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 91 South Africa: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 92 Rest of Middle East and Africa: PHA Market Size, By Application, 2014–2021 (USD Thousand)
Table 93 Rest of Middle East and Africa: PHA Market Size, By Application, 2014–2021 (Metric Ton)
Table 94 Major PHA Manufacturers
Table 95 Collaborations, Partnerships, Contracts and Agreements, 2011–2016
Table 96 New Product Launches, 2011–2016
Table 97 Expansions, 2011–2016


List of Figures (46 Figures)

Figure 1 PHA Market Segmentation
Figure 2 PHA Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 PHA Market: Data Triangulation
Figure 6 Packaging to Dominate PHA Application Market During Forecast Period, By Volume
Figure 7 PHA Co-Polymers to Dominate PHA Market During Forecast Period
Figure 8 Europe to Dominate PHA Market in 2016
Figure 9 Bacterial Fermentation Segment Projected to Grow at Highest Rate During Forecast Period
Figure 10 China to Be Fastest-Growing PHA Market During Forecast Period
Figure 11 PHA Market Size, 2016 vs 2021 (USD Million)
Figure 12 U.S. to Dominate North American PHA Market During Forecast Period
Figure 13 China to Be Fastest-Growing Market Between 2016 and 2021
Figure 14 Bacterial Fermentation Segment Accounted for Largest Market Share in 2015
Figure 15 1925 Marks Discovery of PHA in France
Figure 16 PHA Market, By Region
Figure 17 Impact Analysis of Drivers, Opportunities, Restraints, and Challenges
Figure 18 Waste Disposal Methods for Non-Biodegradable Plastics and Materials
Figure 19 Average Price Comparison: Conventional and Unconventional Plastics
Figure 20 PHA Market: Value Chain Analysis
Figure 21 PHA Market: Porter’s Five Forces Analysis
Figure 22 U.S. Accounted for Maximum Patents Between 2013 and 2015
Figure 23 54 Patents Registered By U.S., Europe, and Japan in 2015
Figure 24 Growth in Packaging Market Between 2012 and 2018
Figure 25 PHA Production Process
Figure 26 PHA Production From Sugarcane
Figure 27 PHA Production From Palm Oil
Figure 28 PHA Production From Milk Whey
Figure 29 PHA Co-Polymers Segment to Dominate PHA Market During Forecast Period (USD Million)
Figure 30 Bacterial Fermentation Manufacturing Technology to Dominate Market Between 2016 and 2021 (USD Million)
Figure 31 Packaging Dominated PHA Market in 2015
Figure 32 North America Market Snapshot: U.S. to Dominate PHA Market During Forecast Period
Figure 33 U.S.: Largest PHA Market Globally
Figure 34 Europe Market Snapshot: Germany to Dominate PHA Market During Forecast Period
Figure 35 Germany: Second-Largest Consumer of PHA in the World
Figure 36 Asia-Pacific Market Snapshot: China to Dominate PHA Market
Figure 37 China: Fastest-Growing PHA Market
Figure 38 Collaborations, Partnerships, Contracts and Agreements Most Preferred Growth Strategy Between 2011 and 2016
Figure 39 Key Growth Strategies Adopted By Players in PHA Market, 2011–2016
Figure 40 Top 5 Players in 2015
Figure 41 Metabolix, Inc.: Company Snapshot
Figure 42 Metabolix, Inc.: SWOT Analysis
Figure 43 Kaneka Corporation: Company Snapshot
Figure 44 Kaneka Corporation: SWOT Analysis
Figure 45 Meridian Holdings Group, Inc.: SWOT Analysis
Figure 46 Shenzhen Ecomann Biotechnology Co., Ltd.: SWOT Analysis

MarketsandMarkets projects that the market for Polyhydroxyalkanoate (PHA) will grow from an estimated USD 73.6 Million in 2016 to USD 93.5 Million by 2021, at a CAGR of 4.88%. This market is growing because of the increase in demand for biodegradable plastics for various applications such as, bio medical, packaging, and food services. The increasing availability of renewable raw materials is expected to lead to the growth of the PHA market.

The PHA market is segmented on the basis of type, manufacturing technology, application, and region. The PHA co-polymers segment is estimated to be the most widely used type in applications such as, packaging, bio medical, and chemicals, and accounted for the largest market share in 2015; this is projected to grow at the highest rate during the forecast period. It is a cost effective type, offering benefits similar to those of other PHA types.

On the basis of application, the market is segmented into packaging, food services, bio medical, agriculture, and others (textile, chemical, electronic, automotive, and energy). The packaging segment is projected to grow at the highest CAGR, due to the increasing use of bioplastics in packaging applications such as, rigid and flexible. Favorable governmental green procurement policies are expected to lead to the high growth of PHA market in the consumer goods packaging application.

On the basis of key regions, the market for PHA is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia-Pacific market is projected to grow at the highest rate from 2016 to 2021, as countries in this region are expected to achieve high growth in the bio medical, agriculture, and packaging sectors; this would lead to a high demand for PHA based bioplastics.

Polyhydroxyalkanoate (PHP) Market

There are certain factors that restrain the growth of the PHA market. Some of these are, the high cost of production of PHA as compared to conventional plastics, and the fact that the functional attributes of these plastics are less effective, as compared to conventional petroleum-based plastics.

Collaborations, partnerships, contracts & agreements were the major strategies adopted by most players in the market. Companies such as, Metabolix Inc. (U.S.), Kaneka Corporation (Japan), Biomer (Germany), Bio-On Srl (Italy), and Newlight Technologies, LLC (U.S.) were the key players who adopted these strategies to increase their product offerings, customer bases, and to stay ahead of competitors. Companies aim to invest in research & development activities and introduce new and cost efficient manufacturing technologies to keep up with the changing consumer needs.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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