Polyhydroxyalkanoate (PHA) Market

Polyhydroxyalkanoate (PHA) Market worth $167 million by 2027

The report "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", is projected to reach USD 167 million by 2027, at a CAGR of 15.3% from USD 81 million in 2022.

Browse 197 market data Tables and 52 Figures spread through 216 Pages and in-depth TOC on "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"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/pha-market-395.html

The market is mainly driven by government regulations prohibiting/restricting the use of plastic bags across the globe. Certain factors are restraining market growth; among them, the high prices of final products is a major factor due to the expensive production process. Manufacturers of PHA can tap growth opportunities in the Asia Pacific market, where the adoption of biodegradable plastics is increasing.

“Short chain length is projected to grow at fastest CAGR during the forecast period”

All larger companies produce short chain length PHA, except Danimer Scientific. Initially, ICL and Metabolix Inc. developed short chain length chain polymers, and various applications were identified. The most common short chain length PHA is Poly (HydroxyButyrate-co-HydroxyValerate), which is manufactured by TianAn Biologic Materials China. However, the most important factor that can be attributed to higher growth of short chain length PHA is the low cost of these polymers as compared to medium chain length PHAs.

“Vegetable oil fermentation is projected to be the fastest growing production method in PHA market, in terms of value”

Triglyceride-rich vegetable oil sourced from soy, canola, and palm, among others, is converted by triacylglycerol-utilizing bacteria, which secrete lipase. Lipase is a fatty acid from triacylglycerol molecules, which is then consumed by the bacteria. The process is a little complex and requires a special strain of bacteria. Kaneka is one of the major players utilizing this method of production. Used cooking oil is a cheaper source for the production of PHA, which helps reduce the cost of production. This factor is responsible for the high growth rate of the vegetable oil fermentation method.

“Europe is expected to be the fastest growing market for PHA during the forecast period, in terms of value and volume.”

Europe is projected to grow at the highest CAGR during the forecast period both, in terms of value and volume, which is attributed to the significant demand from countries such as Germany, Italy, and France. Government policies supporting the use of biodegradable plastics and increasing awareness among consumers are the key factors responsible for market growth in the European region.

New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PHA market include 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).

Don’t miss out on business opportunities in Polyhydroxyalkanoate (PHA) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Polyhydroxyalkanoate (PHA) Market Size,  Share & Growth Report
Report Code
CH 1610
PR Published ON
8/8/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Polyhydroxyalkanoate (PHA) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home