The global polyhydroxyalkanoates (PHA) market represents a growing sector in the quest for sustainable alternatives to traditional plastics. PHA, a biodegradable polymer, is derived from renewable resources, offering an eco-friendly solution to the escalating environmental challenges posed by conventional plastics. As industries strive to adopt greener practices, the PHA market is witnessing increased demand across various applications, agriculture, and biomedical sectors. The inherent biodegradability of PHA makes it a key player in reducing plastic pollution and mitigating environmental impact.
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Data Bridge Market Research analyzes that the Global Polyhydroxyalkanoates (PHA) Market, which was USD 100.02 million in 2022, is expected to reach USD 152.34 million by 2030, and is expected to undergo a CAGR of 5.4% during the forecast period of 2023 to 2030. Circular economy initiatives drive the adoption of PHA, a biodegradable polymer derived from renewable sources. Emphasizing sustainable practices, PHA aligns with circular economy models, offering a solution to break away from the linear "take-make-dispose" approach, contributing to a more environmentally conscious and resource-efficient future.
Key Findings of the Study
Increasing demand for biodegradable materials in the packaging and food service industries is expected to drive the market's growth rate
Growing demand for biodegradable materials in packaging and food service industries is a key driver of market growth. These materials address environmental concerns and align with sustainability goals. The surge in food packaging requirements and the widespread need for biodegradable plastics across diverse packaging applications are anticipated to propel market expansion in the foreseeable future, marking a significant shift towards eco-friendly alternatives in response to the increasing awareness of environmental impact.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Short Chain Length, Medium Chain Length, Long Chain Length), Form (Co-Polymerized PHA and Linear PHA), Application (Packaging and Food Services, Bio-Medical, Agriculture, Wastewater Treatment, Cosmetics, 3D Printing, and Chemical Addictive)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Danimer Scientific (U.S.), TianAn Biologic Materials Co., Ltd. (China), Biomer (Germany), Kaneka Corporation (Japan), Bio-on S.p.A. (Italy), Shenzhen Ecomann Biotechnology Co., Ltd. (China), Newlight Technologies LLC (U.S.), Metabolix Inc. (U.S.), Tepha, Inc. (U.S.), Meredian Holdings Group Inc. (U.S.), Bioplus Life Sciences Pvt. Ltd. (India), Mango Materials Inc. (U.S.), Yield10 Bioscience, Inc. (U.S.), P&G Chemicals (U.S.), and PHB Industrial S.A. (Brazil) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global polyhydroxyalkanoates (PHA) market is segmented on the basis of type, form, and application.
- On the basis of type, the global polyhydroxyalkanoates (PHA) market is segmented into short chain length, medium chain length, and long chain length
- On the basis of form, the global polyhydroxyalkanoates (PHA) market is segmented into co-polymerized PHA and linear PHA
- On the basis of application, the global polyhydroxyalkanoates (PHA) market is segmented into packaging and food services, bio-medical, agriculture, wastewater treatment, cosmetics, 3D printing, and chemical addictive
Major Players
Data Bridge Market Research recognizes the following companies as the major global polyhydroxyalkanoates (PHA) market players in global polyhydroxyalkanoates (PHA) market are Tepha, Inc. (U.S.), Meredian Holdings Group Inc. (U.S.), Bioplus Life Sciences Pvt. Ltd. (India), Mango Materials Inc. (U.S.), Yield10 Bioscience, Inc. (U.S.), P&G Chemicals (U.S.), and PHB Industrial S.A. (Brazil)
Market Developments
- In March 2023, the Bologna Court approved GRUPPO MAIP's bankruptcy solution to acquire all Bio-On assets. MAIP's five-year plan aims to swiftly revive Bio-On's state-of-the-art PHA production technology, unmatched globally from 2008 to 2019. Utilizing agricultural waste and agro-industrial by-products such as sugar cane, beet, and biodiesel-derived glycerol, PHA presents an environmentally friendly alternative. This strategic move ensures the continued innovation and sustainable production of PHA, reinforcing its significance in the green technology landscape
- In May 2022, Danimer Scientific, Inc. and Kemira entered a multi-year exclusive license and supply agreement for the commercialization of biobased barrier coatings for paper and board products. The collaboration targets Kemira's key markets, with a focus on launching these coatings in the food and beverage industry across North and South America, Europe, and the Middle East Africa region. The related dispersion barrier market, currently valued at over EUR 500 million, is projected to witness an annual expansion of approximately 10%
- In January 2021, Danimer Scientific, a leading biodegradable plastics producer, inaugurated the world's first commercial PHA production facility in Winchester, Kentucky. Situated at 605 Rolling Hills Lane, the facility boasts a capacity of 100 million pounds annually, more than doubling the company's prior production. PHA, derived from renewable sources such as algae and plant oils, is both biodegradable and compostable, offering a sustainable alternative to traditional plastics. This milestone facility marks a substantial stride in Danimer Scientific's expansion and commitment to eco-friendly solutions
Regional Analysis
Geographically, the countries covered in the global polyhydroxyalkanoates (PHA) market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
As per Data Bridge Market Research analysis:
Asia-Pacific is estimated to be the fastest-growing region in the global polyhydroxyalkanoates (PHA) market during the forecast period 2023-2030
Asia-Pacific region is expected to dominate the global polyhydroxyalkanoates (PHA) market, leveraging robust manufacturing capabilities, governmental backing, and a surging demand for sustainable materials. With a focus on eco-friendly practices, the region's strong commitment to PHA production aligns with growing environmental consciousness. Government support further accelerates market dominance, positioning Asia-Pacific as a key player in the global PHA landscape, meeting both industrial and consumer demands for sustainable alternatives to conventional plastics.
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