Global Polyhydroxyalkanoate (PHA) Market is valued approximately USD 70.25 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 15.3% over the forecast period 2022-2029. Polyhydroxyalkanoates (PHAs) comprise a group of natural biodegradable polyesters that are synthesized by microorganisms. It is considered as potential replacement for petrochemical-based plastics solutions. Polymers derived from petroleum sources are nonbiodegradable and have negative environmental impact. PHA is classified as short chain length (Scl, C3-C5) and medium chain length (Mcl, C6-C14). PHA have application in coating materials and bioplastic components, packaging films and bottling, in drug delivery, and medical devices across Packaging, Agriculture, tissue engineering, and pharma & healthcare among others. The increasing demand for biodegradable materials in the packaging and foodservice industries and availability of cost-effective raw materials for PHA production are key factors driving the market growth.
Over the years the demand for biodegradable packaging solutions is increased due to rising focus towards environmental sustainability. For instance - as per Statista - as of 2020, the global market value of biodegradable plastic packaging was valued at USD 2.8 billion, and as per projection by 2026, this market is projected to grow to USD 9 billion. Also, stringent government regulations towards the use of plastic products and rising research & development activities for PHA applications would create lucrative growth prospectus for the market over the forecast period. However, the high Cost of PHA as compared to conventional polymers stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Polyhydroxyalkanoate (PHA) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the increasing utilization of bioplastics and stringent government regulations against the use of plastics in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as availability of raw materials in abundance and growing expansion of packaging industry in the region.
Major market player included in this report are:
- BASF SE
- Polyferm Canada
- Full Cycle Bioplastics
- Cj Cheiljedang Corp.
- Bio-On
- Bluepha Co, Ltd
- Terraverdae Bioworks Inc.
- Rwdc Industries
- Newlight Technologies, Inc.
- Tianan Biologic Materials Co, Ltd.
Recent Developments in the Market:
- In June 2022, Newlight Technologies announced its new range of plastic-free AirCarbon-based coated paper products created from regenerative materials. This product is made by the nature-based carbon capture process that offers a paper product that is moisture-resistant, grease-resistant, and plastic-free.
Global Polyhydroxyalkanoate (PHA) Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, Production Method, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Short Chain Length
- Medium Chain Length
By Production Method:
- Sugar Fermentation
- Vegetable Oil Fermentation
- Methane Fermentation
By Application:
- Packaging & Food Services
- Biomedical
- Agriculture
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Polyhydroxyalkanoate (PHA) Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Polyhydroxyalkanoate (PHA) Market, by Type, 2019-2029 (USD Million)
- 1.2.3. Polyhydroxyalkanoate (PHA) Market, by Production Method, 2019-2029 (USD Million)
- 1.2.4. Polyhydroxyalkanoate (PHA) Market, by Application, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Polyhydroxyalkanoate (PHA) Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Polyhydroxyalkanoate (PHA) Market Dynamics
- 3.1. Polyhydroxyalkanoate (PHA) Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for biodegradable materials in the packaging and foodservice industries
- 3.1.1.2. Availability of cost-effective raw materials for PHA production
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of PHA as compared to conventional polymers
- 3.1.3. Market Opportunities
- 3.1.3.1. Stringent government regulations towards the use of plastic products
- 3.1.3.2. Rising research & development activities for PHA applications
Chapter 4. Global Polyhydroxyalkanoate (PHA) Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Polyhydroxyalkanoate (PHA) Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Polyhydroxyalkanoate (PHA) Market by Type, Performance - Potential Analysis
- 6.3. Global Polyhydroxyalkanoate (PHA) Market Estimates & Forecasts by Type 2019-2029 (USD Million)
- 6.4. Polyhydroxyalkanoate (PHA) Market, Sub Segment Analysis
- 6.4.1. Short Chain Length
- 6.4.2. Medium Chain Length
Chapter 7. Global Polyhydroxyalkanoate (PHA) Market, by Production Method
- 7.1. Market Snapshot
- 7.2. Global Polyhydroxyalkanoate (PHA) Market by Production Method, Performance - Potential Analysis
- 7.3. Global Polyhydroxyalkanoate (PHA) Market Estimates & Forecasts by Production Method 2019-2029 (USD Million)
- 7.4. Polyhydroxyalkanoate (PHA) Market, Sub Segment Analysis
- 7.4.1. Sugar Fermentation
- 7.4.2. Vegetable Oil Fermentation
- 7.4.3. Methane Fermentation
Chapter 8. Global Polyhydroxyalkanoate (PHA) Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Polyhydroxyalkanoate (PHA) Market by Application, Performance - Potential Analysis
- 8.3. Global Polyhydroxyalkanoate (PHA) Market Estimates & Forecasts by Application 2019-2029 (USD Million)
- 8.4. Polyhydroxyalkanoate (PHA) Market, Sub Segment Analysis
- 8.4.1. Packaging & Food Services
- 8.4.2. Biomedical
- 8.4.3. Agriculture
- 8.4.4. Others
Chapter 9. Global Polyhydroxyalkanoate (PHA) Market, Regional Analysis
- 9.1. Polyhydroxyalkanoate (PHA) Market, Regional Market Snapshot
- 9.2. North America Polyhydroxyalkanoate (PHA) Market
- 9.2.1. U.S. Polyhydroxyalkanoate (PHA) Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Production Method breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Polyhydroxyalkanoate (PHA) Market
- 9.3. Europe Polyhydroxyalkanoate (PHA) Market Snapshot
- 9.3.1. U.K. Polyhydroxyalkanoate (PHA) Market
- 9.3.2. Germany Polyhydroxyalkanoate (PHA) Market
- 9.3.3. France Polyhydroxyalkanoate (PHA) Market
- 9.3.4. Spain Polyhydroxyalkanoate (PHA) Market
- 9.3.5. Italy Polyhydroxyalkanoate (PHA) Market
- 9.3.6. Rest of Europe Polyhydroxyalkanoate (PHA) Market
- 9.4. Asia-Pacific Polyhydroxyalkanoate (PHA) Market Snapshot
- 9.4.1. China Polyhydroxyalkanoate (PHA) Market
- 9.4.2. India Polyhydroxyalkanoate (PHA) Market
- 9.4.3. Japan Polyhydroxyalkanoate (PHA) Market
- 9.4.4. Australia Polyhydroxyalkanoate (PHA) Market
- 9.4.5. South Korea Polyhydroxyalkanoate (PHA) Market
- 9.4.6. Rest of Asia Pacific Polyhydroxyalkanoate (PHA) Market
- 9.5. Latin America Polyhydroxyalkanoate (PHA) Market Snapshot
- 9.5.1. Brazil Polyhydroxyalkanoate (PHA) Market
- 9.5.2. Mexico Polyhydroxyalkanoate (PHA) Market
- 9.5.3. Rest of Latin America Polyhydroxyalkanoate (PHA) Market
- 9.6. Rest of The World Polyhydroxyalkanoate (PHA) Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. BASF SE
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Polyferm Canada
- 10.2.3. Full Cycle Bioplastics
- 10.2.4. Cj Cheiljedang Corp.
- 10.2.5. Bio-On
- 10.2.6. Bluepha Co, Ltd
- 10.2.7. Terraverdae Bioworks Inc.
- 10.2.8. Rwdc Industries
- 10.2.9. Newlight Technologies, Inc.
- 10.2.10. Tianan Biologic Materials Co, Ltd.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption