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
The PHA market is projected to reach USD 167 million by 2027, at a cagr 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.
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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
“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.
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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.
PHA Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2022 |
USD 81 Million |
|
Revenue Forecast in 2027 |
USD 167 Million |
|
CAGR |
15.3% |
|
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.
Frequently Asked Questions (FAQ):
What is the expected growth rate of PHA market?
The forecast period for PHA market in this study is 2022-2027. The PHA market is expected to grow at CAGR of 15.3%, in terms of value, during the forecast period.
Who are the major key players in PHA market?
Danimer Scientific (US), Shenzhen Ecomann Biotechnology Co. Ltd. (China), Kaneka Corporation (Japan), RWDC Industries (Singapore), and TianAn Biologic Materials Co. Ltd. (China) are the leading manufacturers of PHA.
Who are the major regulations the PHA market in various countries?
Under the Canadian Environmental Protection Act, the government has banned items where there is evidence that they are found in the environment, are often not recycled, and have readily available alternatives. The government has banned six items based on these criteria: plastic grocery bags, cutlery, stir sticks, straws, six-pack rings for beer, and food ware made from hard-to-recycle plastics.
What is the average selling price trend for PHA market?
Prices are low in Asian countries (primarily China and India) compared to those in Europe and North America due to the low prices of raw materials and the availability of low-cost workforces in Asia Pacific.
What are the technological advancements in PHA market?
The selection of feedstock or raw materials is highly crucial for PHA production as it affects the overall cost of production. A Chinese startup, Bluepha, developed a procedure that utilizes seawater for open and continuous fermentation, using halophile bacterium Halomonas Bluephagenesis TD, which is found in Chaka Salt Lake in China. .
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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:
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
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
Growth opportunities and latent adjacency in Polyhydroxyalkanoate (PHA) Market
Requires the data on PHA market for establishment of PHA plant
main producers produced quantify applications areas sectors raw material consumers partners economics aspects environmentals aspects social aspects
Interested in understanding PHA market report
Information on PHA market in North America
Production capactities of the specific report
Information on the PHA market
Required data on methane fermentation and product specifications.