The Polyhydroxyalkanoate (PHA) Market is expected to grow from USD 62 million in 2020 to USD 98.5 million by 2026 at a CAGR of 11.8% from 2020 to 2026.
Polyhydroxyalkanoates, also called as PHAs are a various group of biodegradable polyesters which have been synthesized through both biological and non-biological ways. Polyhydroxyalkanoates, generally abbreviated as PHA's, are compounds which belong to the category of polyesters made from renewable resources such as corn starch or sugar cane bagasse. These organic materials can be turned into useful products such as fuels and plastics as they produce long hydrocarbon chains with various mechanical properties for different applications. The global polyhydroxyalkanoate (PHAs) market is accelerated by tightening regulations by several governments across the world to replace synthetic plastic-based packaging materials with bio-based packaging materials. Rising acceptance of polyhydroxyalkanoate (PHAs) for various medical applications owing to its biocompatibility properties fuels the product's market in recent times. Moreover, the government policies in several regions on the procurement of renewable and eco-friendly products (green products) are a significant factor propelling the demand for biodegradable and sustainable plastics based on PHA. Thus, synthetic plastic packaging materials are naturally non-biodegradable and are expected to be substituted by bio-based packaging materials under strict environmental legislation. Furthermore, the growing consumption of products such as bio-control agents, drug carrier tissues, biodegradable implants for engineering, memory enhancers and anti-cancer agents would further foster the demand for polyhydroxyalkanoate in the coming years. Robust growth in the research and development investments in the medical industry and increased acceptance from medical applications owing to its bio-compatibility has led to the rising development of bio-compatible materials, further compelling the polyhydroxyalkanoate market size in the forecast years. Commonly, the polyhydroxyalkanoate available were not targeted for use as medical implants and hence lacked the consistency which the Drug Administrators could accept. However, higher price compared to traditional polymers will hamper the market growth.
The requirement is to produce high purity PHAs, make scaffolds, check their in vivo biodegradation, and alter their surface. Therefore several companies invested in PHAs studies to contribute to tissue engineering, to enhance tissue products for medical and therapeutic applications with need modifications such as vascular grafts, heart valves, nerve tissue engineering, others. Hence increasing advancements in medical studies are projected to fuel the polyhydroxyalkanoate market in the coming future. Moreover, the raw materials from non-food items or waste residues for polyhydroxyalkanoate production are a key opportunity for biodegradable plastics production which includes polyhydroxyalkanoate globally. This is owing to the rising demand for cereals, such as wheat, barley, maize and other cereals for food, animal feed, and bio-fuels globally.
The global Polyhydroxyalkanoate (PHA) Market is segregated on the basis of Type as Short Chain Length and Medium Chain Length. Based on Production Method the global Polyhydroxyalkanoate (PHA) Market is segmented in Sugar Fermentation, Vegetable Oil Fermentation and Methane Fermentation. Based on Application the global Polyhydroxyalkanoate (PHA) Market is segmented in Packaging & Food services, Biomedical, Agriculture and Others.
The global Polyhydroxyalkanoate (PHA) Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Polyhydroxyalkanoate (PHA) Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Bio-On Srl, Meredian Holdings Group, Inc., Shenzhen Ecomann Biotechnology Co., Ltd., Newlight Technologies, Llc, Bioamber, Inc. and others are among the major players in the global Polyhydroxyalkanoate (PHA) Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
Polyhydroxyalkanoate (PHA) Market, By Type
Polyhydroxyalkanoate (PHA) Market, By Production Method
Polyhydroxyalkanoate (PHA) Market, By Application
Polyhydroxyalkanoate (PHA) Market, By Region
Polyhydroxyalkanoate (PHA) Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Polyhydroxyalkanoate (PHA) Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Polyhydroxyalkanoate (PHA) Market share. Major industry players with significant revenue share include Bio-On Srl, Meredian Holdings Group, Inc., Shenzhen Ecomann Biotechnology Co., Ltd., Newlight Technologies, Llc, Bioamber, Inc. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Polyhydroxyalkanoate (PHA) Market, By Type
5.1. Key Points
5.2. Short Chain Length
5.3. Medium Chain Length
6. Polyhydroxyalkanoate (PHA) Market, By Production Method
6.1. Key Points
6.2. Sugar Fermentation
6.3. Vegetable Oil Fermentation
6.4. Methane Fermentation
7. Polyhydroxyalkanoate (PHA) Market, By Application
7.1. Key Points
7.2. Packaging & Food services
7.3. Biomedical
7.4. Agriculture
7.5. Others
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Polyhydroxyalkanoate (PHA) Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Bio-On Srl
9.2. Meredian Holdings Group, Inc.
9.3. Shenzhen Ecomann Biotechnology Co., Ltd.
9.4. Newlight Technologies, Llc
9.5. Bioamber, Inc.
9.6. Biomatera
9.7. Dupont Tate & Lyle Bio Products Company, Llc
9.8. Biome Bioplastics Ltd.
9.9. Biomer
9.10. BluePHA Co., Ltd.
9.11. Cardia Bioplastics Ltd.
9.12. CJ Cheiljedang Corp.
9.13. Dayglo Color Corp.
9.14. Full Cycle Bioplastics
9.15. Kaneka Corporation
9.16. Metabolix, Inc.
9.17. Phb Industrial S.A.
9.18. Polyferm Canada, Inc.
9.19. Procter & Gamble Co.
9.20. TePHA, Inc.
9.21. Tianan Biologic Materials Co., Ltd,
9.22. Tianjin Greenbio Materials Co., Ltd.
Polyhydroxyalkanoate (PHA) Market, By Type
Polyhydroxyalkanoate (PHA) Market, By Production Method
Polyhydroxyalkanoate (PHA) Market, By Application
Polyhydroxyalkanoate (PHA) Market, By Company