Global polyhydroxyalkanoate (PHA) market is expected to rise to an estimated value of USD 292.94 million by 2026, registering a steady CAGR in the forecast period of 2019-2026. The rise in the market value can be attributed to the biodegradability driving consumption, vast availability of renewable and cost effective raw materials and sustainable green procurement policies.
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Global Polyhydroxyalkanoate (PHA) Market By Type (PHA Monomers, PHA Co-Polymers, PHA Terpolymers, Others), Manufacturing Technology (Bacterial Fermentation, Biosynthesis, Enzymatic Catalysis), By Application (Packaging, Bio Medical, Food Services, Agriculture), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Company Share Analysis:
The global polyhydroxyalkanoate (PHA) market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Sustainable green procurement policies can act as a driver for the market in the forecast period
Cost effective raw materials and vast availability of renewable sources will also act as a driver for the market in near future
Increasing concerns about human health and safety will also propel the growth of market
Recent advancements in polyhydroxyalkanoate manufacturing technologies
Higher costs of PHAs as compared to conventional polymers are expected to hamper the growth of the market
Issues with the performance of polyhydroxyalkanoate; this factor will also restrain the growth of the market
Key Market Competitors:
Few of the major competitors currently working in the polyhydroxyalkanoate (PHA) market are Metabolix, Inc., Kaneka Corporation, Meredian Holdings Group, Inc., Shenzhen Ecomann Biotechnology Co., Ltd., Biomatera, Biomer, Bio-On SRL, Newlight Technologies, LLC, PHB Industrial S.A., Polyferm Canada, Inc., Tianan Biologic Materials Co., Ltd,Tianjin Greenbio Materials Co., Ltd., Tepha, Inc., Bluepha Co., Ltd., Dayglo Color Corp., Bioamber, Inc., Full Cycle Bioplastics, Procter & Gamble Co., Dupont Tate & Lyle Bio Products Company, LLC, CJ Cheiljedang Corp., Biome Bioplastics Ltd., Cardia Bioplastics Ltd. and others.
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
On the basis of type:- PHA monomers, PHA co-polymers, PHA terpolymers. PHA monomers is further sub segmented into polyhydroxybutyrate, polyhydroxyvalerate andothers. PHA co-polymersis further sub segmented into P(4hb-Co-3hb), P(3hb-Co-3hv) and others.PHA terpolymersis further sub segmented into P(3hb-Co-3hv-Co-4hb)and others.
On the basis of manufacturing technology:- Bacterial fermentation, biosynthesisand enzymatic catalysis.
On the basis of application market:- Packaging, bio medical, food services, and agriculture.
On the basis of geography:- North America, South America, Europe, Asia-Pacific
and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
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