Polyhydroxyalkanoate (PHA) Market

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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 2028

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Report Code: CH 1610 Aug, 2023, by marketsandmarkets.com

In terms of value, the PHA market size is projected to increase from USD 93 million in 2023 to USD 195 million by 2028, at a CAGR of 15.9%.  This positive growth projection is driven by several factors. One key factor is the growing emphasis on reducing the use of non-degradable plastics, which has led to the implementation of strict government regulations regarding the use of petroleum-based plastics. Furthermore, there is a rising demand for environmentally friendly materials, which is propelling the PHA market forward. PHA offers an ecological choice as they can be produced using various bio-materials and production methods. Consequently, the global demand for PHA, particularly in applications such as packaging & food services, biomedical, and agriculture, is expected to witness significant growth during the forecast period. Considering these factors, the PHA market is poised for stable and balanced growth.

Polyhydroxyalkanoate (PHA) Market

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Polyhydroxyalkanoate (PHA) Market

Market Dynamics

Driver : Rising concerns regarding human health and safety

The presence of toxic substances in conventional plastics poses a notable risk to human health and safety. One example is polyvinyl chloride (PVC), which has been associated with various health disorders, including genetic disorders, ulcers, deafness, and vision impairment, which can be either temporary or permanent. Due to these significant risks, there is a growing demand for innovative products that prioritize human health and safety. The demand is fueled by increasing consumer awareness and the implementation of government regulations. This is driving a shift in preference from conventional plastics to bio-based alternatives like PHA.

Restraints: Excessive cost in contrast with conventional polymers

Higher cost of PHA as compared to conventional polymers is one of the key restraint to the market's growth. Typically, the production of biodegradable plastics like PHA incurs a cost 20% to 80% higher than that of conventional plastics. The primary reason behind this cost disparity is the expensive polymerization process involved in biodegradable plastics. Additionally, due to limited commercialization when compared to petrochemical alternatives, many of the processes are still in the developmental stages, making it difficult to achieve economies of scale.

Opportunities : The advent of novel raw materials.

The global production of biodegradable plastics presents significant opportunities through the utilization of raw materials derived from non-food sources or waste residues. This trend is driven by the rising global demand for cereals like maize, wheat, barley, and others, which are extensively used for food, animal feed, and biofuels. By employing non-food raw materials such as organic waste, biomass, and dead plants, there is an expectation of improved waste management practices. Moreover, the waste generated during the preprocessing stage of sugarcane in the sugar industry holds substantial potential as a valuable raw material for biodegradable plastics production. Exploiting these alternative raw materials not only addresses waste management concerns but also reduces reliance on food crops, contributing to a more sustainable and resource-efficient approach.

Challenges: Manufacturing technology is in its first phase

The manufacturing technology for PHA is currently in its early stages of development, with ongoing experimentation and testing of various raw materials to optimize production. Similarly, efforts are being made to enhance the performance of strains that contribute to the reduction in PHA demand. However, the purification and processing of PHA from biomass result in high costs. To achieve a significant surge in PHA production, it is crucial to finalize the technology by carefully selecting raw materials, biological/natural strains, and purification methods. This can only be realized through widespread global production. Currently, PHA production is relatively limited, with the United States and China accounting for nearly 90% of the total global PHA production. However, as research and development progress and technological advancements are made, it is anticipated that PHA production will expand more globally, leading to increased availability and market growth.

PHA Market Ecosystem

Leading players in the PHA market are reputable companies known for their stable financial position and extensive portfolio of PHA products. These well-established businesses have a history of successful operations and are equipped with pioneering technologies, robust international sales, and effective marketing networks. Key companies driving the market growth include 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).

Polyhydroxyalkanoate (PHA) Market Ecosystem

Based on application, Packaging & food services are estimated to be the largest market for PHA, in terms of value, during the forecast period.

The application of PHA in packaging holds great potential as a substitute for conventional plastics. According to a recent report by the United Nations Environment Programme on plastic waste, packaging contributes to 42% of the total global plastic waste generated. A significant portion of this waste comes from single-use plastics. Several European countries have already taken steps to ban the use of single-use plastics, with Spain and Italy leading the way by prohibiting their use in department stores and malls. This presents a favorable opportunity for PHA to gain traction in the packaging and food services sector.

Based on type, Short chain length was the largest segment for the PHA market, in terms of value, in 2022

Short chain length PHA refers to monomers that consist of four to ten carbon atoms. Examples of these PHA monomers include Polyhydroxybutyrate (PHB), Poly-3-hydroxybutyrate (P3HB), and Polyhydroxyvalerate (PHV). These monomers can form various structures, including short chain length and medium chain length variants. The structure of these monomers plays a crucial role in determining their thermal and mechanical properties, making them suitable for a wide range of applications. These applications include environmentally-friendly packaging plastics and biomedical uses such as implants and controlled-release drug carriers. A significant portion of short chain length PHA is exported to Europe, with TianAn Biologic Material Co Ltd being one of the prominent producers in this segment. TianAn Biologic Material Co Ltd primarily exports its production to Europe through its distributors, Helien Polymers and Natureplast.

Based on region, Europe accounted for the largest market share for PHA market, in terms of value, in 2022

Europe takes the lead in the global PHA market in terms of value. The region has been at the forefront of biodegradable plastics and demonstrates a strong commitment to sustainable packaging. In response to increased environmental awareness, Europe has implemented laws and regulations that have led to the establishment of biological waste treatment facilities. This proactive approach has contributed to significant growth rates, both in terms of value and volume, within the European market. Several countries, including Italy and Spain, have enacted stringent legislation against the use of plastics, further driving this growth. Notably, European countries exhibit high socio-economic lobbying in favor of bioplastics or biodegradable plastics, further bolstering the market's development in the region.

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) and among others, are the key manufacturers that hold major market share in the last few years. In response to evolving global user demands, the major emphasis has been placed on acquisition, innovation, and new product development within the PHA industry. Prominent PHA manufacturers have strategically focused on new product launches to maintain their market position, introducing various offerings while making significant investments to expand their PHA production capacity. These key manufacturers have held substantial market shares in recent years, solidifying their presence in the industry.

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Scope of the Report

Report Metric

Details

Years considered for the study

2017–2028

Base year considered

2022

Forecast period

2023–2028

Units considered

Volume (ton); Value (USD Million)

Segments Covered

Type, Production Method, Application, and Region

Regions covered

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

Companies profiled

The key players in this market are 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 coated fabrics market based on product type, 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 January 2022, Kaneka Corporation successfully created biodegradable polymer-based straws, and they are set to be introduced in the DAISO 100-yen shops operated by Daiso Industries Co. Ltd. These eco-friendly straws will be made available in approximately 2,500 stores starting from mid-January.
  •  In May 2022, Danimer Scientific introduced a new range of Eco choice compostable dental flossers, utilizing their Nodax-based technology. This addition to their existing Placker portfolio significantly enhances the sustainability of their dental products, offering eco-friendly alternatives for consumers.
  • In July 2022, Newlight Technologies and CNX Resources Corporation have recently formed a 15-year agreement. The partnership aims to capture and utilize methane emissions for the purpose of producing Aircarbon.
  • In June 2021, RWDC Industries and Kimberly Clark joined forces in a collaborative partnership aimed at advancing sustainable technology for consumer products. This strategic alliance seeks to address the global challenges posed by traditional single-use plastics by offering innovative solutions. The partnership involves the provision of PHA source material, which will enable the development of new products that are marine degradable, further contributing to the promotion of environmental sustainability.
  • In January 2022, Bluepha established its inaugural commercial PHA plant, spanning an area of 86,000 square meters in the Coastal Industrial Park of Jiangsu Binhai Economic Development Zone. This facility boasts an annual PHA production capacity of 25,000 tons. The plant's construction is divided into two phases, with the first phase set to be finalized by the end of 2022, achieving a capacity of 5,000 tons per year.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
           1.2.2 DEFINITION AND INCLUSIONS
                    TABLE 1 DEFINITION AND INCLUSIONS, BY TYPE
                    TABLE 2 DEFINITION AND INCLUSIONS, BY PRODUCTION METHOD
                    TABLE 3 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 UNITS CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 34)
    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: BOTTOM-UP APPROACH 2 (DEMAD SIDE-PRODUCTS SOLD AND AVERAGE SELLING PRICE)
                   FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 1 (SUPPLY SIDE-COMBINED SHARE OF MAJOR PLAYERS)
                   FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 2 (SUPPLY SIDE-COMBINED SHARE OF MAJOR PLAYERS)
           2.2.2 TOP-DOWN APPROACH
                   FIGURE 5 MARKET SIZE ESTIMATION APPROACH 3: TOP-DOWN
    2.3 DATA TRIANGULATION 
          FIGURE 6 PHA MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS 
           2.4.1 SUPPLY SIDE
                   FIGURE 7 CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 8 PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS 
    2.8 RISK ASSESMENT 
          TABLE 4 PHA MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 9 SHORT CHAIN LENGTH SEGMENT TO LEAD PHA MARKET DURING FORECAST PERIOD
    FIGURE 10 PACKAGING & FOOD SERVICES APPLICATION ACCOUNTED FOR LARGEST SHARE IN 2022
    FIGURE 11 EUROPE ACCOUNTED FOR LARGEST SHARE OF PHA MARKET
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PHA MARKET 
          FIGURE 12 PACKAGING & FOOD SERVICES AND BIOMEDICAL OFFER SIGNIFICANT OPPORTUNITIES
    4.2 EUROPE: PHA MARKET, BY APPLICATION AND COUNTRY 
          FIGURE 13 GERMANY LED EUROPEAN PHA MARKET
    4.3 PHA MARKET, BY PRODUCTION METHOD 
          FIGURE 14 SUGAR FERMENTATION PRODUCTION METHOD TO DOMINATE MARKET
    4.4 PHA MARKET, BY REGION 
          FIGURE 15 EUROPE TO BE FASTEST-GROWING PHA MARKET
    4.5 PHA MARKET, REGION VS. APPLICATION 
          FIGURE 16 PACKAGING AND FOOD SERVICES APPLICATION LED PHA MARKET IN 2022
    4.6 ITALY TO BE FASTEST-GROWING PHA MARKET DURING FORECAST PERIOD 
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PHA MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Green procurement policies
                                TABLE 5 NORTH AMERICAN AND EUROPEAN UNION REGULATIONS
                    5.2.1.2 High availability of renewable and cost-effective raw materials
                    5.2.1.3 Environmental Concerns or Biodegradability of PHA
                                FIGURE 18 SHORTCOMINGS OF NON-BIODEGRADABLE WASTE DISPOSAL METHODS
                    5.2.1.4 Increasing concerns about human health and safety
                                TABLE 6 CONVENTIONAL PLASTICS: HEALTH CONCERNS
           5.2.2 RESTRAINTS
                    5.2.2.1 High price compared to 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 7 PHA PRODUCTION CAPACITY, BY COMPANY, 2022 (TONS/YEAR)
                    5.2.4.3 Expensive and complex production process
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 19 PHA MARKET: PORTER’S FIVE FORCES ANALYSIS
           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 8 PHA MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS 
           5.4.1 GDP TRENDS & FORECASTS
                    TABLE 9 GDP TRENDS & FORECASTS, BY MAJOR ECONOMY, 2020–2028 (USD BILLION)
 
6 INDUSTRY TRENDS (Page No. - 65)
    6.1 SUPPLY CHAIN ANALYSIS 
          FIGURE 20 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 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 21 INFLUENCE OF STAKEHOLDERS FOR TOP THREE APPLICATIONS
                    TABLE 10 STAKEHOLDER INFLUENCE ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           6.2.2 BUYING CRITERIA
                    FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 11 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    6.3 PRICING ANALYSIS 
           6.3.1 AVERAGE SELLING PRICE, BY APPLICATION
                    FIGURE 23 AVERAGE SELLING PRICE, BY APPLICATION
                    TABLE 12 AVERAGE SELLING PRICE OF TOP THREE APPLICATIONS, BY KEY PLAYER (USD/KG)
           6.3.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 24 AVERAGE SELLING PRICE, BY REGION (USD/KG)
                    TABLE 13 AVERAGE SELLING PRICE, BY REGION (USD/KG)
    6.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
          FIGURE 25 REVENUE SHIFT FOR PHA MARKET
    6.5 ECOSYSTEM MAPPING 
          TABLE 14 ECOSYSTEM MAPPING
          FIGURE 26 ECOSYSTEM MAPPING
    6.6 TECHNOLOGY ANALYSIS 
          FIGURE 27 DIFFERENT SUBSTRATES UTILIZED FOR PHA PRODUCTION
           6.6.1 COMMERCIALIZED TECHNOLOGIES
          TABLE 15 COMMERCIALIZED AND TO BE COMMERCIALIZED TECHNOLOGIES, TYPES, AND PRODUCTION METHODS
           6.6.2 PHA PRODUCTION IN BIOREFINERIES
           6.6.3 PHA TO BE COMMERCIALIZED
           6.6.4 OTHER POSSIBILITIES
    6.7 CASE STUDY ANALYSIS 
           6.7.1 BIODEGRADABLE STRAWS
           6.7.2 SUSTAINABLE PACKAGING
           6.7.3 BIODEGRADABLE SPIRIT BOTTLES
    6.8 TRADE DATA STATISTICS 
           6.8.1 IMPORT SCENARIO OF PHA
                    FIGURE 28 IMPORT OF PHA, BY KEY COUNTRY (2015–2022)
                    TABLE 16 IMPORT OF PHA, BY REGION, 2015–2022 (USD THOUSAND)
           6.8.2 EXPORT SCENARIO OF PHA
                    FIGURE 29 EXPORT OF PHA, BY KEY COUNTRY (2015–2022)
                    TABLE 17 EXPORT OF PHA, BY REGION, 2015–2022 (USD THOUSAND)
    6.9 REGULATORY LANDSCAPE 
          TABLE 18 REGULATORY AUTHORITIES FOR PHA
          TABLE 19 REGULATIONS FOR PHA
           6.9.1 REACH
    6.10 KEY CONFERENCES & EVENTS IN 2023--2024 
           TABLE 20 PHA MARKET: CONFERENCES & EVENTS
    6.11 PATENT ANALYSIS 
           6.11.1 APPROACH
           6.11.2 DOCUMENT TYPE
                     TABLE 21 GRANTED PATENTS ACCOUNTED FOR 30% OF ALL PATENTS IN LAST 11 YEARS
                     FIGURE 30 PATENTS REGISTERED FOR PHA MARKET, 2012–2022
                     FIGURE 31 PATENT PUBLICATION TRENDS FOR PHA MARKET, 2012–2022
                     FIGURE 32 LEGAL STATUS OF PATENTS
           6.11.3 JURISDICTION ANALYSIS
                     FIGURE 33 MAXIMUM PATENTS FILED BY COMPANIES IN US
           6.11.4 TOP APPLICANTS
                     FIGURE 34 PROCTER & GAMBLE REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2012 AND 2022
                     TABLE 22 PATENTS BY PROCTER & GAMBLE COMPANY
                     TABLE 23 PATENTS BY PIONEER HI-BRED INTERNATIONAL, INC.
                     TABLE 24 TOP 10 PATENT OWNERS IN US, 2012–2022
 
7 SOURCES AND PROCESSES OF PHA PRODUCTION (Page No. - 86)
    7.1 GENERAL PRODUCTION PROCESS 
          FIGURE 35 PROCESS FLOW OF PHA PRODUCTION
    7.2 SUGAR SUBSTRATE OR CARBOHYDRATES FROM PLANTS 
          FIGURE 36 SUGAR SUBSTRATES FOR PHA PRODUCTION
    7.3 TRIACYLGLYCEROLS 
    7.4 HYDROCARBONS 
          FIGURE 37 HYDROCARBON SUBSTRATES
    7.5 STRAIN SELECTION 
          TABLE 25 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 38 EXTRACTION PROCESS FLOW
 
8 PRODUCTION CAPACITY ANALYSIS (Page No. - 92)
    TABLE 26 CURRENT PRODUCTION CAPACITIES (TON)
    TABLE 27 UPCOMING PLAYERS
    TABLE 28 DISCONTINUED OR STALLED PRODUCTION
 
9 POLYHYDROXYALKANOATE (PHA) MARKET, BY TYPE (Page No. - 96)
    9.1 INTRODUCTION 
          FIGURE 39 SHORT CHAIN LENGTH SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
          TABLE 29 PHA MARKET, BY TYPE, 2017–2021 (TON)
          TABLE 30 PHA MARKET, BY TYPE, 2022–2028 (TON)
          TABLE 31 PHA MARKET, BY TYPE, 2017–2021 (USD MILLION)
          TABLE 32 PHA MARKET, BY TYPE, 2022–2028 (USD MILLION)
    9.2 SHORT CHAIN LENGTH 
           9.2.1 POLYHYDROXYVALERATE (PHV)
                    9.2.1.1 Increasing use of copolymers to drive market
           9.2.2 P (4HB-CO-3HB)
                    9.2.2.1 Excellent physical and mechanical properties to drive market
           9.2.3 P (3HB-CO-3HV)
                    9.2.3.1 Increasing use in packaging films, blow-molded bottles, medical and disposable personal hygiene to drive market
           9.2.4 OTHERS
                    TABLE 33 SHORT CHAIN LENGTH PHA MARKET, BY REGION, 2017–2021 (TON)
                    TABLE 34 SHORT CHAIN LENGTH PHA MARKET, BY REGION, 2022–2028 (TON)
                    TABLE 35 SHORT CHAIN LENGTH PHA MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 36 SHORT CHAIN LENGTH PHA MARKET, BY REGION, 2022–2028 (USD MILLION)
    9.3 MEDIUM CHAIN LENGTH 
           9.3.1 P (HYDROXYBUTYRATE-CO-HYDROXYOCTANOATE)
                    9.3.1.1 High tensile strength, low brittleness, and highly refined physical and mechanical properties to drive market
           9.3.2 P (3HB-CO-3HV-CO-4HB)
                    9.3.2.1 High mechanical strength to drive market
           9.3.3 OTHERS
                    9.3.3.1 Increasing demand from medical and biotechnology fields to drive market
                                TABLE 37 MEDIUM CHAIN LENGTH PHA MARKET, BY REGION, 2017–2021 (TON)
                                TABLE 38 MEDIUM CHAIN LENGTH PHA MARKET, BY REGION, 2022–2028 (TON)
                                TABLE 39 MEDIUM CHAIN LENGTH PHA MARKET, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 40 MEDIUM CHAIN LENGTH PHA MARKET, BY REGION, 2022–2028 (USD MILLION)
 
10 POLYHYDROXYALKANOATE (PHA) MARKET, BY PRODUCTION METHOD (Page No. - 104)
     10.1 INTRODUCTION 
             FIGURE 40 SUGAR FERMENTATION PRODUCTION METHOD TO LEAD MARKET DURING FORECAST PERIOD
             TABLE 41 PHA MARKET, BY PRODUCTION METHOD, 2017–2021 (TON)
             TABLE 42 PHA MARKET, BY PRODUCTION METHOD, 2022–2028 (TON)
             TABLE 43 PHA MARKET, BY PRODUCTION METHOD, 2017–2021 (USD MILLION)
             TABLE 44 PHA MARKET, BY PRODUCTION METHOD, 2022–2028 (USD MILLION)
 
11 POLYHYDROXYALKANOATE (PHA) MARKET, BY APPLICATION (Page No. - 108)
     11.1 INTRODUCTION 
             FIGURE 41 PACKAGING & FOOD SERVICES SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
             TABLE 45 PHA MARKET, BY APPLICATION, 2017–2021 (TON)
             TABLE 46 PHA MARKET, BY APPLICATION, 2022–2028 (TON)
             TABLE 47 PHA MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
             TABLE 48 PHA MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
     11.2 PACKAGING & FOOD SERVICES 
             11.2.1 PACKAGING
                        11.2.1.1 Rigid packaging
                                     11.2.1.1.1 High durability, tamper-resistance, lightweight, and low cost, to drive market
                        11.2.1.2 Flexible packaging
                                     11.2.1.2.1 Replacement for petroleum-based plastics to drive market
                        11.2.1.3 Others packaging
                                     11.2.1.3.1 Loose-fill
                                     11.2.1.3.2 Compost bags
             11.2.2 FOOD SERVICES
                        11.2.2.1 Cups
                                     11.2.2.1.1 Increasing use of biodegradable disposable products to drive market
                        11.2.2.2 Trays
                                     11.2.2.2.1 Increasing demand for sustainable trays to drive market
                        11.2.2.3 Other food services
                                     11.2.2.3.1 Containers
                                     11.2.2.3.2 Jars
                                                     TABLE 49 PHA MARKET IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2017–2021 (TON)
                                                     TABLE 50 PHA MARKET IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2022–2028 (TON)
                                                     TABLE 51 PHA MARKET IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2017–2021 (USD MILLION)
                                                     TABLE 52 PHA MARKET IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 2022–2028 (USD MILLION)
     11.3 BIOMEDICAL 
             11.3.1 SUTURES
                        11.3.1.1 High tensile strength to drive market
             11.3.2 DRUG RELEASE
                        11.3.2.1 Biocompatibility for drug carrier applications to drive market
             11.3.3 OTHER BIOMEDICAL APPLICATIONS
                        TABLE 53 PHA MARKET IN BIOMEDICAL APPLICATION, BY REGION, 2017–2021 (TON)
                        TABLE 54 PHA MARKET IN BIOMEDICAL APPLICATION, BY REGION, 2022–2028 (TON)
                        TABLE 55 PHA MARKET IN BIOMEDICAL APPLICATION, BY REGION, 2017–2021 (USD MILLION)
                        TABLE 56 PHA MARKET IN BIOMEDICAL APPLICATION, BY REGION, 2022–2028 (USD MILLION)
     11.4 AGRICULTURE 
             11.4.1 MULCH FILMS
                        11.4.1.1 Extensive use by farmers to drive market
             11.4.2 PLANT POTS
                        11.4.2.1 Plant pots help during 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 57 PHA MARKET IN AGRICULTURE APPLICATION, BY REGION, 2017–2021 (TON)
                                      TABLE 58 PHA MARKET IN AGRICULTURE APPLICATION, BY REGION, 2022–2028 (TON)
                                      TABLE 59 PHA MARKET IN AGRICULTURE APPLICATION, BY REGION, 2017–2021 (USD MILLION)
                                      TABLE 60 PHA MARKET IN AGRICULTURE APPLICATION, BY REGION, 2022–2028 (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 61 PHA MARKET IN OTHER APPLICATIONS, BY REGION, 2017–2021 (TON)
                        TABLE 62 PHA MARKET IN OTHER APPLICATIONS, BY REGION, 2022–2028 (TON)
                        TABLE 63 PHA MARKET IN OTHER APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                        TABLE 64 PHA MARKET IN OTHER APPLICATIONS, BY REGION, 2022–2028 (USD MILLION)
 
12 POLYHYDROXYALKANOATE (PHA) MARKET, BY REGION (Page No. - 122)
     12.1 INTRODUCTION 
             TABLE 65 PHA MARKET, BY REGION, 2017–2021 (TON)
             TABLE 66 PHA MARKET, BY REGION, 2022–2028 (TON)
             TABLE 67 PHA MARKET, BY REGION, 2017–2021 (USD MILLION)
             TABLE 68 PHA MARKET, BY REGION, 2022–2028 (USD MILLION)
     12.2 NORTH AMERICA 
             12.2.1 IMPACT OF RECESSION
                        FIGURE 42 NORTH AMERICA: PHA MARKET SNAPSHOT
                        TABLE 69 MAJOR PHA MANUFACTURERS IN NORTH AMERICA
                        TABLE 70 UPCOMING PHA MANUFACTURERS IN NORTH AMERICA
             12.2.2 NORTH AMERICA: PHA MARKET, BY APPLICATION
                        TABLE 71 NORTH AMERICA: PHA MARKET, BY APPLICATION, 2017–2021 (TON)
                        TABLE 72 NORTH AMERICA: PHA MARKET, BY APPLICATION, 2022–2028 (TON)
                        TABLE 73 NORTH AMERICA: PHA MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
                        TABLE 74 NORTH AMERICA: PHA MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             12.2.3 NORTH AMERICA: PHA MARKET, BY TYPE
                        TABLE 75 NORTH AMERICA: PHA MARKET, BY TYPE, 2017–2021 (TON)
                        TABLE 76 NORTH AMERICA: PHA MARKET, BY TYPE, 2022–2028 (TON)
                        TABLE 77 NORTH AMERICA: PHA MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 78 NORTH AMERICA: PHA MARKET, BY TYPE, 2022–2028 (USD MILLION)
             12.2.4 NORTH AMERICA: PHA MARKET, BY COUNTRY
                        TABLE 79 NORTH AMERICA: PHA MARKET, BY COUNTRY, 2017–2021 (TON)
                        TABLE 80 NORTH AMERICA: PHA MARKET, BY COUNTRY, 2022–2028 (TON)
                        TABLE 81 NORTH AMERICA: PHA MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
                        TABLE 82 NORTH AMERICA: PHA MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        12.2.4.1 US
                                     12.2.4.1.1 Stringent guidelines regarding production, use, and disposal of plastics to drive market
                                                     TABLE 83 US: PHA MARKET, 2017–2021
                                                     TABLE 84 US: PHA MARKET, 2022–2028
                        12.2.4.2 Canada
                                     12.2.4.2.1 Proposed ban on single-use plastics to drive market
                                                     TABLE 85 CANADA: PHA MARKET, 2017–2020
                                                     TABLE 86 CANADA: PHA MARKET, 2021–2027
                        12.2.4.3 Mexico
                                     12.2.4.3.1 Government initiatives and international investments to drive market
                                                     TABLE 87 MEXICO: PHA MARKET, 2017–2021
                                                     TABLE 88 MEXICO: PHA MARKET, 2021–2027
     12.3 EUROPE 
             12.3.1 IMPACT OF RECESSION
                        FIGURE 43 EUROPE: PHA MARKET SNAPSHOT
                        TABLE 89 MAJOR PHA MANUFACTURERS IN EUROPE
                        TABLE 90 UPCOMING PHA MANUFACTURERS IN EUROPE
             12.3.2 EUROPE PHA MARKET, BY APPLICATION
                        TABLE 91 EUROPE: PHA MARKET, BY APPLICATION, 2017–2021 (TON)
                        TABLE 92 EUROPE: PHA MARKET, BY APPLICATION, 2022–2028 (TON)
                        TABLE 93 EUROPE: PHA MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
                        TABLE 94 EUROPE: PHA MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             12.3.3 EUROPE PHA MARKET, BY TYPE
                        TABLE 95 EUROPE: PHA MARKET, BY TYPE, 2017–2021 (TON)
                        TABLE 96 EUROPE: PHA MARKET, BY TYPE, 2022–2028 (TON)
                        TABLE 97 EUROPE: PHA MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 98 EUROPE: PHA MARKET, BY TYPE, 2022–2028 (USD MILLION)
             12.3.4 EUROPE PHA MARKET, BY COUNTRY
                        TABLE 99 EUROPE: PHA MARKET, BY COUNTRY, 2017–2021 (TON)
                        TABLE 100 EUROPE: PHA MARKET, BY COUNTRY, 2022–2028 (TON)
                        TABLE 101 EUROPE: PHA MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
                        TABLE 102 EUROPE: PHA MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        12.3.4.1 Germany
                                     12.3.4.1.1 Advanced infrastructure for solid waste management to drive market
                                                     TABLE 103 GERMANY: PHA MARKET, 2017–2021
                                                     TABLE 104 GERMANY: PHA MARKET, 2022–2028
                        12.3.4.2 UK
                                     12.3.4.2.1 Government’s aim to achieve zero-waste economy to drive market
                                                     TABLE 105 UK: PHA MARKET, 2017–2021
                                                     TABLE 106 UK: PHA MARKET SIZE, 2022–2028
                        12.3.4.3 France
                                     12.3.4.3.1 Government’s initiatives for bio-based economy to drive market
                                                     TABLE 107 FRANCE: PHA MARKET, 2017–2021
                                                     TABLE 108 FRANCE: PHA MARKET, 2022–2028
                        12.3.4.4 Italy
                                     12.3.4.4.1 Demand for eco-friendly packaging solutions to drive market
                                                     TABLE 109 ITALY: PHA MARKET, 2017–2021
                                                     TABLE 110 ITALY: PHA MARKET, 2022–2028
                        12.3.4.5 Rest of Europe
                                      TABLE 111 REST OF EUROPE: PHA MARKET, 2017–2020
                                      TABLE 112 REST OF EUROPE: PHA MARKET, 2021–2027
     12.4 ASIA PACIFIC 
             12.4.1 IMPACT OF RECESSION
                        FIGURE 44 ASIA PACIFIC: PHA MARKET SNAPSHOT
                        TABLE 113 MAJOR PHA MANUFACTURERS IN ASIA PACIFIC
                        TABLE 114 UPCOMING PHA MANUFACTURERS IN ASIA PACIFIC
             12.4.2 ASIA PACIFIC PHA MARKET, BY APPLICATION
                        TABLE 115 ASIA PACIFIC: PHA MARKET, BY APPLICATION, 2017–2021 (TON)
                        TABLE 116 ASIA PACIFIC: PHA MARKET, BY APPLICATION, 2022–2028 (TON)
                        TABLE 117 ASIA PACIFIC: PHA MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
                        TABLE 118 ASIA PACIFIC: PHA MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             12.4.3 ASIA PACIFIC PHA MARKET, BY TYPE
                        TABLE 119 ASIA PACIFIC: PHA MARKET, BY TYPE, 2017–2021 (TON)
                        TABLE 120 ASIA PACIFIC: PHA MARKET, BY TYPE, 2022–2028 (TON)
                        TABLE 121 ASIA PACIFIC: PHA MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 122 ASIA PACIFIC: PHA MARKET, BY TYPE, 2022–2028 (USD MILLION)
             12.4.4 ASIA PACIFIC PHA MARKET, BY COUNTRY
                        TABLE 123 ASIA PACIFIC: PHA MARKET, BY COUNTRY, 2017–2021 (TON)
                        TABLE 124 ASIA PACIFIC: PHA MARKET, BY COUNTRY, 2022–2028 (TON)
                        TABLE 125 ASIA PACIFIC: PHA MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
                        TABLE 126 ASIA PACIFIC: PHA MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        12.4.4.1 China
                                     12.4.4.1.1 Global and local PHA manufacturers to drive market
                                                     TABLE 127 CHINA: PHA MARKET, 2017–2021
                                                     TABLE 128 CHINA: PHA MARKET, 2022–2028
                        12.4.4.2 Japan
                                     12.4.4.2.1 Biomass-based and biodegradable plastics to drive market
                                                     TABLE 129 JAPAN: PHA MARKET, 2017–2021
                                                     TABLE 130 JAPAN: PHA MARKET, 2022–2028
                        12.4.4.3 India
                                     12.4.4.3.1 Ban on non-biodegradable plastics to drive market
                                                     TABLE 131 INDIA: PHA MARKET SIZE, 2017–2021
                                                     TABLE 132 INDIA: PHA MARKET SIZE, 2022–2028
                        12.4.4.4 Malaysia
                                     12.4.4.4.1 Fully automated biodegradable plastic from palm oil to drive market
                                                     TABLE 133 MALAYSIA: PHA MARKET, 2017–2021
                                                     TABLE 134 MALAYSIA: PHA MARKET, 2022–2028
                        12.4.4.5 South Korea
                                     12.4.4.5.1 High number of R&D establishments to drive market
                                                     TABLE 135 SOUTH KOREA: PHA MARKET, 2017–2021
                                                     TABLE 136 SOUTH KOREA: PHA MARKET, 2022–2028
                        12.4.4.6 Rest of Asia Pacific
                                      TABLE 137 REST OF ASIA PACIFIC: PHA MARKET, 2017–2021
                                      TABLE 138 REST OF ASIA PACIFIC: PHA MARKET, 2022–2028
     12.5 REST OF THE WORLD (ROW) 
             12.5.1 IMPACT OF RECESSION
             12.5.2 REST OF THE WORLD PHA MARKET, BY APPLICATION
                        TABLE 139 REST OF THE WORLD: PHA MARKET, BY APPLICATION, 2017–2021 (TON)
                        TABLE 140 REST OF THE WORLD: PHA MARKET, BY APPLICATION, 2022–2028 (TON)
                        TABLE 141 REST OF THE WORLD: PHA MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
                        TABLE 142 REST OF THE WORLD: PHA MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             12.5.3 REST OF THE WORLD PHA MARKET, BY TYPE
                        TABLE 143 REST OF THE WORLD: PHA MARKET, BY TYPE, 2017–2021 (TON)
                        TABLE 144 REST OF THE WORLD: PHA MARKET, BY TYPE, 2022–2028 (TON)
                        TABLE 145 REST OF THE WORLD: PHA MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 146 REST OF THE WORLD: PHA MARKET, BY TYPE, 2022–2028 (USD MILLION)
             12.5.4 REST OF THE WORLD PHA MARKET, BY REGION
                        TABLE 147 REST OF THE WORLD: PHA MARKET, BY REGION, 2017–2021 (TON)
                        TABLE 148 REST OF THE WORLD: PHA MARKET, BY REGION, 2022–2028 (TON)
                        TABLE 149 REST OF THE WORLD: PHA MARKET, BY REGION, 2017–2021 (USD MILLION)
                        TABLE 150 REST OF THE WORLD: PHA MARKET, BY REGION, 2022–2028 (USD MILLION)
                        12.5.4.1 South America
                                     12.5.4.1.1 Awareness of green economy to drive market
                                                     TABLE 151 SOUTH AMERICA: PHA MARKET, 2017–2021
                                                     TABLE 152 SOUTH AMERICA: PHA MARKET, 2022–2028
                        12.5.4.2 Middle East & Africa
                                     12.5.4.2.1 Growing biomedical industry to drive market
                                                     TABLE 153 MIDDLE EAST & AFRICA: PHA MARKET, 2017–2021
                                                     TABLE 154 MIDDLE EAST & AFRICA: PHA MARKET, 2022–2028
 
13 COMPETITIVE LANDSCAPE (Page No. - 158)
     13.1 INTRODUCTION 
     13.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 155 OVERVIEW OF STRATEGIES ADOPTED BY KEY PHA MANUFACTURERS
     13.3 RANKING OF KEY MARKET PLAYERS 
             FIGURE 45 RANKING OF TOP FIVE PLAYERS IN PHA MARKET, 2022
     13.4 MARKET SHARE ANALYSIS 
             TABLE 156 PHA MARKET: DEGREE OF COMPETITION
             FIGURE 46 DANIMER SCIENTIFIC LED PHA MARKET IN 2022
             13.4.1 DANIMER SCIENTIFIC
             13.4.2 SHENZHEN ECOMANN BIOTECHNOLOGY CO., LTD
             13.4.3 KANEKA CORPORATION
             13.4.4 RWDC INDUSTRIES
             13.4.5 NINGBO TIANAN BIOMATERIALS CO., LTD.
     13.5 REVENUE ANALYSIS OF TOP FIVE PLAYERS 
             FIGURE 47 REVENUE ANALYSIS OF KEY COMPANIES FOR LAST FIVE YEARS
     13.6 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             FIGURE 48 PHA MARKET: COMPANY FOOTPRINT
             TABLE 157 PHA MARKET: TYPE FOOTPRINT
             TABLE 158 PHA MARKET: APPLICATION FOOTPRINT
             TABLE 159 PHA MARKET: REGION FOOTPRINT
     13.7 COMPANY EVALUATION MATRIX 
             13.7.1 STARS
             13.7.2 EMERGING LEADERS
             13.7.3 PERVASIVE PLAYERS
             13.7.4 PARTICIPANTS
                        FIGURE 49 COMPANY EVALUATION MATRIX FOR PHA MARKET
     13.8 COMPETITIVE BENCHMARKING 
             TABLE 160 PHA MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 161 PHA MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.9 STARTUP/SME EVALUATION MATRIX 
             13.9.1 RESPONSIVE COMPANIES
             13.9.2 PROGRESSIVE COMPANIES
             13.9.3 DYNAMIC COMPANIES
             13.9.4 STARTING BLOCKS
                        FIGURE 50 STARTUP/SME EVALUATION MATRIX FOR PHA MARKET
     13.1 COMPETITIVE SITUATIONS AND TRENDS 
             13.10.1 PRODUCT LAUNCHES
                        TABLE 162 PHA MARKET: PRODUCT LAUNCHES (2019–2023)
             13.10.2 DEALS
                        TABLE 163 PHA MARKET: DEALS (2019–2023)
             13.10.3 OTHERS
                        TABLE 164 PHA MARKET: OTHER DEVELOPMENTS (2019–2023)
 
14 COMPANY PROFILES (Page No. - 175)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     14.1 KEY PLAYERS 
             14.1.1 KANEKA CORPORATION
                        TABLE 165 KANEKA CORPORATION: COMPANY OVERVIEW
                        FIGURE 51 KANEKA CORPORATION: COMPANY SNAPSHOT
                        TABLE 166 KANEKA CORPORATION: PRODUCT LAUNCHES
                        TABLE 167 KANEKA CORPORATION: DEALS
                        TABLE 168 KANEKA CORPORATION: OTHER DEVELOPMENTS
             14.1.2 DANIMER SCIENTIFIC
                        TABLE 169 DANIMER SCIENTIFIC: COMPANY OVERVIEW
                        FIGURE 52 DANIMER SCIENTIFIC: COMPANY SNAPSHOT
                        TABLE 170 DANIMER SCIENTIFIC: PRODUCT LAUNCHES
                        TABLE 171 DANIMER SCIENTIFIC: DEALS
                        TABLE 172 DANIMER SCIENTIFIC: OTHER DEVELOPMENTS
             14.1.3 SHENZHEN ECOMANN BIOTECHNOLOGY CO., LTD
                        TABLE 173 SHENZHEN ECOMANN BIOTECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             14.1.4 RWDC INDUSTRIES
                        TABLE 174 RWDC INDUSTRIES: COMPANY OVERVIEW
                        TABLE 175 RWDC INDUSTRIES: PRODUCT LAUNCHES
                        TABLE 176 RWDC INDUSTRIES: DEALS
                        TABLE 177 RWDC INDUSTRIES: OTHER DEVELOPMENTS
             14.1.5 NEWLIGHT TECHNOLOGIES, INC.
                        TABLE 178 NEWLIGHT TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        TABLE 179 NEWLIGHT TECHNOLOGIES, INC.: PRODUCT LAUNCHES
                        TABLE 180 NEWLIGHT TECHNOLOGIES, INC.: DEALS
                        TABLE 181 NEWLIGHT TECHNOLOGIES, INC.: OTHER DEVELOPMENTS
             14.1.6 NINGBO TIANAN BIOMATERIALS CO., LTD
                        TABLE 182 NINGBO TIANAN BIOMATERIALS CO., LTD.: COMPANY OVERVIEW
             14.1.7 BIOMER
                        TABLE 183 BIOMER: COMPANY OVERVIEW
             14.1.8 PHABUILDER
                        TABLE 184 PHABUILDER: COMPANY OVERVIEW
                        TABLE 185 PHABUILDER: DEALS
                        TABLE 186 PHABUILDER: OTHER DEVELOPMENTS
             14.1.9 TERRAVERDAE BIOWORKS INC.
                        TABLE 187 TERRAVERDAE BIOWORKS INC.: COMPANY OVERVIEW
                        TABLE 188 TERRAVERDAE BIOWORKS INC.: PRODUCT LAUNCHES
                        TABLE 189 TERRAVERDAE BIOWORKS INC.: DEALS
                        TABLE 190 TERRAVERDAE BIOWORKS INC.: OTHER DEVELOPMENTS
             14.1.10 BLUEPHA
                        TABLE 191 BLUEPHA: COMPANY OVERVIEW
                        TABLE 192 BLUEPHA: DEALS
                        TABLE 193 BLUEPHA: OTHER DEVELOPMENTS
     14.2 OTHER PLAYERS 
             14.2.1 NAFIGATE CORPORATION, A.S.
                        TABLE 194 NAFIGATE CORPORATION, A.S.: COMPANY OVERVIEW
             14.2.2 GENECIS BIOINDUSTRIES INC.
                        TABLE 195 GENECIS BIOINDUSTRIES INC.: COMPANY OVERVIEW
             14.2.3 TEPHA, INC.
                        TABLE 196 TEPHA, INC.: COMPANY OVERVIEW
             14.2.4 CJ CHEILJEDANG CORPORATION
                        TABLE 197 CJ CHEILJEDANG CORPORATION: COMPANY OVERVIEW
             14.2.5 FULL CYCLE BIOPLASTICS LLC
                        TABLE 198 FULL CYCLE BIOPLASTICS LLC: COMPANY OVERVIEW
             14.2.6 MANGO MATERIALS
                        TABLE 199 MANGO MATERIALS: COMPANY OVERVIEW
             14.2.7 COFCO
                        TABLE 200 COFCO: COMPANY OVERVIEW
             14.2.8 MEDPHA BIOSCIENCE CO. LTD.
                        TABLE 201 MEDPHA BIOSCIENCE CO. LTD.: COMPANY OVERVIEW
 
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
15 ADJACENT AND RELATED MARKETS (Page No. - 203)
     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 202 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
             TABLE 203 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
             15.4.1 ASIA PACIFIC
                        15.4.1.1 By country
                                      TABLE 204 ASIA PACIFIC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 205 ASIA PACIFIC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.1.2 By end-use industry
                                      TABLE 206 ASIA PACIFIC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 207 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 208 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 209 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.2.2 By end-use industry
                                      TABLE 210 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 211 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 212 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 213 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.3.2 By end-use industry
                                      TABLE 214 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 215 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 216 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
                                      TABLE 217 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                        15.4.4.2 By end-use industry
                                      TABLE 218 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                                      TABLE 219 REST OF THE WORLD: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
 
16 APPENDIX (Page No. - 212)
     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 in estimating the market size for PHAs. Intensive 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. Post that, 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, many secondary sources have been consulted for identifying and collecting information for this study. Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The PHA market contains several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by key opinion leaders in various applications for the coated fabrics market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

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

Breakdown of Primary Participants

Polyhydroxyalkanoate (PHA) Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

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

COMPANY NAME

DESIGNATION

Danimer Scientific

Global Strategy & Innovation Manager

Shenzhen Ecomann Biotechnology Co., Ltd

Technical Sales Manager

Kaneka Corporation

Senior Supervisor

RWDC Industries

Production Supervisor

TianAn Biologic Materials Co. Ltd.

Vice-President

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the PHA market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • 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

PHA Market: Bottom-Up Approach-2

Polyhydroxyalkanoate (PHA) Market Size, and Share

PHA Market: Top-Down Approach

Polyhydroxyalkanoate (PHA) Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the plastic industry. Hence, for every data segment, there have been three sources— bottom-up approach-1, bottom-up approach-2, and expert interviews. The data was assumed correct when the values arrived from each source matched.

Market Definition

Polyhydroxyalkanoate (PHA) serves as a durable and sustainable substitute for traditional petrochemical plastics, offering long-term environmental benefits. Derived from renewable sources like plant/vegetable oil, sugar, and organic waste, PHA stands as an eco-friendly solution. Its 100% biodegradability, even in marine environments, further enhances its appeal as a bioplastic. These exceptional properties position PHA as an ideal choice for a wide range of industrial applications, showcasing its potential to drive positive environmental impact and meet the growing demand for sustainable materials. With its versatility and eco-conscious nature, PHA opens up exciting possibilities for various industries seeking environmentally responsible solutions.

Key Stakeholders

  • PHA manufacturers
  • Raw material manufacturers
  • Government planning commissions and research organizations
  • Industry associations
  • End-use industries
  • R&D institutions

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 for 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 competencies

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 type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 1610
Published ON
Aug, 2023
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