Polyhydroxyalkanoate (PHA) Market Report

Market Insights

Polyhydroxyalkanoate (PHA) market is likely to witness an impressive CAGR of 11.5% during the forecast period. The growth of the market for polyhydroxyalkanoate (PHA) is mainly attributed by the increasing demand for biodegradable plastics, propelled by stringent government regulations against single-use plastics and trends related to sustainable development and rising concerns towards greenhouse gas emission linked with positive regulatory framework facilitating consumption of bio-based products.

Segments' Analysis

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Polyhydroxyalkanoate (PHA) Market Share: By Type

Based on the type, the market is segmented as short chain length and medium chain length. The short chain length segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of short chain length PHA is in the biomedical application and increasing usage of biodegradable plastics is driving the growth of this segment.

Polyhydroxyalkanoate (PHA) Market Share: By Application Type

Based on the application type, the polyhydroxyalkanoate (PHA) market is segmented as packaging & food services, biomedical, agriculture, and others. The packaging & food services segment is estimated to dominate the market during the foreseen duration. Polyhydroxyalkanoate is used in various applications of packaging & food services, such as plastic bags, sheets, and disposable cutlery, which is propelling the growth during the forecast period.

Polyhydroxyalkanoate (PHA) Market Share: By Region

In terms of regions, Europe is estimated to be the largest polyhydroxyalkanoate (PHA) market during the forecast period, with Germany, France, and the UK, being the major countries with lucrative growth opportunities. The growth of the market is driven by the regulations, policies, and consumer behavior, which is generating huge demand for polyhydroxyalkanoate (PHA) and the presence of a large number of polyhydroxyalkanoate (PHA) manufacturers in the European region. North America and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.

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Market Scope & Segmentation

Polyhydroxyalkanoate is a type of natural polyester which is derived from bacterial fermentation. It possesses various properties, such as sustainability, biodegradability, and is of bio-based nature, which is used in various applications such as agriculture, biomedical, and packaging & food services.

The mechanical properties of PHA can also be changed by blending, modifying the surface or by combining it with polymers, enzymes and inorganic materials, so as to use it in a wide array of applications.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The polyhydroxyalkanoate (PHA) market is segmented into the following categories. 

Polyhydroxyalkanoate (PHA) Market Size, Share, & Forecast, by Type:

• Short Chain Length (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medium Chain Length (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyhydroxyalkanoate (PHA) Market Size, Share, & Forecast, by Production Method Type:

• Sugar Fermentation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vegetable Oil Fermentation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Methane Fermentation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyhydroxyalkanoate (PHA) Market Size, Share, & Forecast, by Application Type:

• Packaging & Food Services
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Packaging and Food Services)
• Biomedical
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Sutures, Drug Release, and Others)
• Agriculture
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Mulch Films, Plant Pots, and Others                )
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Wastewater Treatment, Cosmetics, Chemical Additives, and 3D Printing)

Polyhydroxyalkanoate (PHA) Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major polyhydroxyalkanoate (PHA) manufacturers are-

• Taconic Biosciences
• FIBERFLON
• Saint-Gobain Performance Plastics
• W. L. Gore & Associates, Inc.
• Chukoh Chemical Industries
• Daikin Industries.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com