Global Polyhydroxyalkanoates (PHA) Market, By Type (Short Chain Length, Medium Chain Length, Long Chain Length), Form (Co-Polymerized PHA and Linear PHA), Application (Packaging and Food Services, Bio-Medical, Agriculture, Wastewater Treatment, Cosmetics, 3D Printing, and Chemical Addictive) – Industry Trends and Forecast to 2030.
Polyhydroxyalkanoates (PHA) Market Analysis and Size
The increasing demand for biodegradable materials in the packaging and foodservice industries is expected to drive market growth. In addition, the growing demand for sustainable alternatives is expected to further boost market growth.
Data Bridge Market Research analyzes that the global polyhydroxyalkanoates (PHA) market, which was USD 100.02 million in 2022, would rocket up to USD 152.34 million by 2030, and is expected to undergo a CAGR of 5.4% during the forecast period of 2023 to 2030. “Short Chain Length” segment in the type segment is expected to dominate the market as it is the most commonly produced and commercially available type of PHA.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polyhydroxyalkanoates (PHA) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Tons, Pricing in USD
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Segments Covered
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By Type (Short Chain Length, Medium Chain Length, Long Chain Length), Form (Co-Polymerized PHA and Linear PHA), Application (Packaging and Food Services, Bio-Medical, Agriculture, Wastewater Treatment, Cosmetics, 3D Printing, and Chemical Addictive)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific , Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Danimer Scientific (U.S.), TianAn Biologic Materials Co., Ltd. (China), Biomer (Germany), Kaneka Corporation (Japan), Bio-on S.p.A. (Italy), Shenzhen Ecomann Biotechnology Co., Ltd. (China), Newlight Technologies LLC (U.S.), Metabolix Inc. (U.S.), Tepha, Inc. (U.S.), Meredian Holdings Group Inc. (U.S.), Bioplus Life Sciences Pvt. Ltd. (India), Mango Materials Inc. (U.S.), Yield10 Bioscience, Inc. (U.S.), P&G Chemicals (U.S.), and PHB Industrial S.A. (Brazil) among others
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Market Opportunities
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Market Definition
The production of biodegradable polymers called Polyhydroxyalkanoates (PHA) involves the microbial fermentation of glucose or sugar. In other words, a variety of microorganisms, including bacteria, produce Polyhydroxyalkanoates (PHA), through the fermentation of lipids. Owing to their biodegradable properties, PHA are used for a wide range of industrial applications. They serve as a source of energy and a carbon store when produced using bacteria.
Global Polyhydroxyalkanoates (PHA) Market Dynamics
Drivers
- Increasing demand for biodegradable materials in the packaging and food service industries
The increasing demand for biodegradable materials in the packaging and food service industries, as these materials will mitigate environmental pollution and support sustainability initiatives, is one of the major factors driving the market growth. In addition, factors such as rising food packaging demand and rising demand for biodegradable plastics in various forms of packaging are expected to further boost market growth in the near future.
- The growing demand for sustainable alternatives
The demand for PHA is driven by the growing global emphasis on sustainability and the need for environmentally friendly materials. PHA is an appealing alternative to traditional plastics as it is biodegradable and made from renewable resources.
Opportunities
- Favorable government regulations and policies
Governments all over the world are enacting regulations and policies to encourage the use of biodegradable materials. This presents an opportunity for the PHA market to grow as it aligns with various countries' sustainability goals.
- Increasing investments in R&D activities for PHA applications
A variety of biodegradable polyesters called PHA can be made using both biological and non-biological methods. Polyesters made from renewable resources such as corn starch or sugar cane bagasse are substances known as PHA. The companies are investing heavily to investigate new applications for PHA, including biomedical products, paints & coatings, and textile. These applications are expected to offer lucrative opportunities for market growth.
Restraints/Challenges
- Less product Awareness
It is critical to raise consumer, industry, and stakeholder awareness about the benefits and potential applications of PHA. Education on the market is required to facilitate wider acceptance and adoption of PHA-based products.
- Cost Competitiveness
Comparing PHA production costs to those of conventional plastics, they are currently higher. The PHA market faces a challenge to expand: achieving cost competitiveness while upholding quality and sustainability.
Recent Developments
- In March 2023, the Court of Bologna authorized GRUPPO MAIP's application for a bankruptcy solution involving the purchase of all Bio-On assets. The five-year plan put forth by the MAIP Group will enable a speedy re-launch of the cutting-edge PHA production technology, which was created by Bio-On from 2008 to 2019 and is still unrivaled in the world. PHA is made from agricultural waste or agro-industrial by-products, such as sugar cane, beet, and glycerol from biodiesel
- In May 2022, the commercialization of biobased barrier coatings for paper and board goods will be carried out under a multi-year license and supply arrangement between Danimer Scientific, Inc. and Kemira, which will be exclusive in Kemira's key markets. In the upcoming years, the companies will launch the recently created coatings for use throughout the food and beverage industry in North and South America, Europe, and Middle East Africa. Currently, valued at over EUR 500 million, the related dispersion barrier market is anticipated to expand by roughly 10% annually
Global Polyhydroxyalkanoates (PHA) Market Scope
The global Polyhydroxyalkanoates (PHA) market is segmented into three notable segments based on type, form, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Short Chain Length
- Medium Chain Length
- Long Chain Length
Form
- Co-polymerized PHA
- Linear PHA
Application
- Packaging and Food Services
- Bio-Medical
- Agriculture
- Wastewater Treatment
- Cosmetics
- 3D printing
- Chemical Addictive
Global Polyhydroxyalkanoates (PHA) Market Regional Analysis/Insights
The global Polyhydroxyalkanoates (PHA) market is analyzed and market size insights and trends are provided by type, form, and application as referenced above.
The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific , Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
Asia-Pacific is expected to dominate the global PHA market due to strong manufacturing capabilities, government support, and high demand for sustainable materials.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from global brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global Polyhydroxyalkanoates (PHA) Industry Growth and New Technology Penetration
The global Polyhydroxyalkanoates (PHA) market also provides you with detailed market analysis for every country's growth in the PHA industry, installed new production plant, impact of technology using lifeline curves, and changes in PHA regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Polyhydroxyalkanoates (PHA) Market Share Analysis
The global Polyhydroxyalkanoates (PHA) market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global Polyhydroxyalkanoates (PHA) market are:
- Danimer Scientific (U.S.)
- TianAn Biologic Materials Co., Ltd. (China)
- Biomer (Germany)
- Kaneka Corporation (Japan)
- Bio-on S.p.A. (Italy)
- Shenzhen Ecomann Biotechnology Co., Ltd. (China)
- Newlight Technologies LLC (U.S.)
- Metabolix Inc. (U.S.)
- Tepha, Inc. (U.S.)
- Meredian Holdings Group Inc. (U.S.)
- Bioplus Life Sciences Pvt. Ltd. (India)
- Mango Materials Inc. (U.S.)
- Yield10 Bioscience, Inc. (U.S.)
- P&G Chemicals (U.S.)
- PHB Industrial S.A. (Brazil)
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