Polyhydroxyalkanoate (PHA) Market Analysis | 2024-2030

Polyhydroxyalkanoate (PHA) Market Analysis | 2024-2030

Polyhydroxyalkanoate (PHA) Market Analysis | 2024-2030
Report code - SRAM554 Delivery - 2 Weeks
Polyhydroxyalkanoate (PHA) Market Size, Share, Trends, Dynamics, Forecast, & Growth An See more...

Market Insights

The polyhydroxyalkanoate (PHA) market was estimated at USD 95 million in 2023 and is likely to grow at a CAGR of 15.74% during 2024-2030 to reach USD 265.49 million in 2030.

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Market Dynamics

Introduction

Polyhydroxyalkanoate is a type of natural polyester derived from bacterial fermentation. It possesses various properties, such as sustainability, and biodegradability, and is bio-based, 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 combining it with polymers, enzymes, and inorganic materials, enabling its use in a wide array of applications.

Market Drivers

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.

Polyhydroxyalkanoate-(PHA)-Market-Dynamics

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Key Players

The following are the key players in the polyhydroxyalkanoate (PHA) market:

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Type Analysis

Short Chain Length, Medium Chain Length

Short chain length segment held the larger share of the market in 2023.

Application Type Analysis

Packaging & Food Services, Biomedical, Agriculture, and Others

Packaging & food services segment is estimated to dominate the market during the foreseen duration.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Europe is estimated to be the largest polyhydroxyalkanoate (PHA) market during the forecast period.

By Type

"Short chain length segment held the larger share of the market in 2023"

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 2023 and is expected to remain dominant during the forecast period. The extensive use of short chain length PHA is in the biomedical applications and increasing usage of biodegradable plastics is driving the growth of this segment.

By Application Type

"Packaging & food services segment is estimated to dominate the market during the foreseen duration"

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.

Regional Analysis

"Europe is estimated to be the largest polyhydroxyalkanoate (PHA) market during the forecast period"

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.

Polyhydroxyalkanoate-(PHA)-Market-Regional-Analysis

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Research Methodology

  • This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polyhydroxyalkanoate (PHA) market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Feature

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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering 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:

By Type 

  • Short Chain Length
  • Medium Chain Length

By Production Method Type 

  • Sugar Fermentation
  • Vegetable Oil Fermentation
  • Methane Fermentation

By Application Type 

  • Packaging & Food Services
  • Biomedical
  • Agriculture
  • Others

By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Polyhydroxyalkanoate-(PHA)-Market-Segmentation

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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

Frequently Asked Questions (FAQs)

Polyhydroxyalkanoate is a type of natural polyester derived from bacterial fermentation. It possesses various properties, such as sustainability, and biodegradability, and is bio-based, 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 combining it with polymers, enzymes, and inorganic materials, enabling its use in a wide array of applications.

The polyhydroxyalkanoate (PHA) market was estimated at USD 95 million in 2023.

The polyhydroxyalkanoate (PHA) market is likely to reach USD 265.49 million in 2030.

The polyhydroxyalkanoate (PHA) market is likely to grow at a CAGR of 15.74% during 2024-2030.

Taconic Biosciences, FIBERFLON, Saint-Gobain Performance Plastics, W. L. Gore & Associates, Inc., Chukoh Chemical Industries, and Daikin Industries are among the key players in the polyhydroxyalkanoate (PHA) market.

Europe is expected to be the largest market during the forecast period.

The packaging & food services segment is expected to dominate the polyhydroxyalkanoate market in the coming years.

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.

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