- In March 2023, the Bologna Court approved GRUPPO MAIP’s proposal for a bankruptcy resolution, which includes the acquisition of all assets of Bio-On. The MAIP Group’s five-year plan focuses on revitalizing Bio-On’s groundbreaking PHA production technology, which was developed between 2008 and 2019 and remains unparalleled globally. This acquisition and subsequent plan are expected to significantly contribute to the growth of the global Polyhydroxyalkanoates (PHA) market by advancing innovative and sustainable production methods
- In May 2022, Danimer Scientific, Inc. and Kemira initiated the commercialization of biobased barrier coatings for paper and board products through a multi-year license and supply agreement. This exclusive partnership focuses on key markets for Kemira. Over the coming years, the companies plan to introduce these innovative coatings, specifically designed for applications in the food and beverage industry, across regions including North and South America, Europe, and the Middle East & Africa. This collaboration contributes to the global Polyhydroxyalkanoates (PHA) market, as the biobased coatings being introduced are expected to leverage the sustainability benefits of PHA
- In February 2024, Bluepha, a China-based producer of Polyhydroxyalkanoates (PHA), entered into a strategic partnership with Helian Polymers, a Dutch company specializing in biobased and biodegradable materials. This collaboration is focused on the development of a new PHA-based building block designed to serve as a drop-in replacement for traditional petrochemical plastics in a variety of applications. This partnership aligns with the increasing demand for sustainable alternatives to conventional plastics
- In September 2023, Lummus Technology and RWDC Industries entered into a new agreement focused on boosting the production and global availability of Polyhydroxyalkanoates (PHA) to meet the growing demand from various industries. This collaboration is a significant development for the global Polyhydroxyalkanoates (PHA) market, as it reflects the increasing shift toward sustainable and biodegradable alternatives to traditional plastics
- In May 2023, Trinseo and RWDC Industries entered into a strategic partnership to develop sustainable packaging solutions utilizing PHA dispersion technology. This collaboration focuses on creating water-based barrier coatings for paper and board packaging, designed to be recyclable, compostable, and biodegradable. This partnership highlights the growing trend toward sustainable packaging solutions. By integrating PHA-based materials, the collaboration supports the transition to more environmentally responsible packaging, accelerating the adoption of PHA and contributing to the market's expansion in the eco-conscious packaging industry
Frequently Asked Questions
One prominent trend in the global polyhydroxyalkanoates (PHA) market is the increasing shift from conventional petroleum-based plastics to biodegradable alternatives due to rising environmental concerns and stringent regulatory policies.
The increasing environmental burden caused by conventional plastics is a major driver for the global polyhydroxyalkanoates (PHA) market, as consumers, industries, and governments seek eco-friendly alternatives.
The global polyhydroxyalkanoates (PHA) market faces a significant challenge due to high production costs associated with feedstock, fermentation processes, and downstream processing.
The short chain length segment is expected to dominate the global polyhydroxyalkanoates (PHA) market with a largest market share of 50.66% due to their superior biodegradability, cost-effectiveness, and versatility in various applications.
