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Asia-Pacific Polyhydroxyalkanoates (PHA) Market – Industry Trends and Forecast to 2029

Chemical and Materials

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Asia-Pacific Polyhydroxyalkanoates (PHA) Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Published Report
  • Oct 2022
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 69
  • No of Figures: 28

Asia-Pacific Polyhydroxyalkanoates (PHA) Market, By Type (Short Chain Length and Medium 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), Industry Trends and Forecast to 2029.

Asia-Pacific Polyhydroxyalkanoates (PHA) Market

Asia-Pacific Polyhydroxyalkanoates (PHA) Market Analysis and Insights

The Asia-Pacific polyhydroxyalkanoates (PHA) market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2022 to 2029 and is expected to reach USD 53,597.34 thousand by 2029. The major factor driving the growth of the Polyhydroxyalkanoates (PHA) market is the increasing demand for biodegradable materials in the packaging and food service industries, the emergence of new and cost-effective raw materials for PHA production, and increasing concerns for human health and safety.

Asia-Pacific Polyhydroxyalkanoates (PHA) Market

Asia-Pacific Polyhydroxyalkanoates (PHA) Market

Polyhydroxyalkanoates (PHA) are gaining prominence and attention in various applications, including food packaging and biomedical applications, because of their excellent biodegradability, biocompatibility, and thermal properties. Since PHAs are non-toxic, inert, and hydrophobic, these attributes make PHA ideal for human use and do not threaten human health and safety.

The Asia-Pacific polyhydroxyalkanoates (PHA) market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019-2014)

Quantitative Units

Revenue in USD Thousand

Segments Covered

By Type (Short Chain Length and Medium 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)

Countries Covered

Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific

Market Players Covered

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., Danimer Scientific, YIELD10 BIOSCIENCE, INC.

Market Definition

Polyhydroxyalkanoates (PHA) are biodegradable polymers that are manufactured by the microbial fermentation of glucose or sugar. In other words, polyhydroxyalkanoates (PHA) are produced by numerous microorganisms, including through the bacterial fermentation of lipids. Owing to their biodegradable properties, polyhydroxyalkanoates (PHA) are used for a wide range of industrial applications. Polyhydroxyalkanoates (PHA) serve as a source of energy and a carbon store when produced using bacteria.

Asia-Pacific Polyhydroxyalkanoates (PHA) Market Dynamics

Drivers

  • Increasing demand for biodegradable materials in the packaging and foodservice industries

The Polyhydroxyalkanoates (PHA) market growth factors include the increasing demand for biodegradable materials in the packaging and food service industries, as these materials will mitigate environmental pollution and support sustainability initiatives. Moreover, factors such as increasing demand for food packaging and increasing demand for biodegradable plastics in various forms of packaging are expected to drive the demand for polyhydroxyalkanoates (PHA) shortly.

  • Emergence of new and cost-effective raw materials for PHA production

The demand for polyhydroxyalkanoate (PHA) is mainly driven by the abundance of sugar sources found in sugarcane, beet, molasses, and bagasse which can be easily consumed and converted by bacteria to produce PHA. In addition, the manufacturing of biodegradable plastics can benefit from raw materials derived from non-food items or waste residues worldwide. This is owing to the rising global demand for cereals, including maize, wheat, barley, and other grains for food, animal feed, and biofuels. Additionally, non-food raw resources such as organic waste, biomass, and dead plants are predicted to improve waste management.

  • Increasing concerns for human health and safety

Manufacturers in the polyhydroxyalkanoate market blend PHAs with other polymers to provide valuable human-use options. Moreover, thermal decomposition methods such as pyrolysis are being used for chemically decomposing PHA into other substances, including monomers or oligomers, by the presence of heat and leaving no harm to the environment.

Opportunities

  • Increasing investments in research & development activities for PHA applications

Polyhydroxyalkanoates (PHA) are a diverse group of biodegradable polyesters that can be synthesized through biological and non-biological routes. Polyhydroxyalkanoates (PHA) are compounds that belong to the class of polyesters made from renewable resources such as corn starch or sugar cane bagasse. With the growing acceptance of PHA in various industries and segments, companies are investing heavily to explore new applications for PHAs, including biomedical products, paints & coatings, and textiles, which is expected to offer lucrative opportunities for the growth of the polyhydroxyalkanoates (PHA) market.

  • Stringent government regulations regarding the use of plastic products

The strict governmental law against single-use plastic and increasing concerns over human health and safety are expected to offer opportunities for growth in the polyhydroxyalkanoates (PHA) market. The need for environment-friendly products is driving innovation in the bioplastics industry. The packaging and food services industry demands single-use plastics and sustainable packaging. This increases the need for bioplastics. Moreover, there are many PHA manufacturers across the globe with a huge domestic market in their regions.

Restraints/Challenges

  • Higher price of PHA as compared to conventional polymers

The considerably higher cost of PHA than other polymers is also one of the major restrictions on industry expansion. Biodegradable plastics, such as PHA, have a production cost of 20 percent to 80 percent greater than conventional plastics. These bio-based materials and technologies are still in the early stages of development and have not yet reached the same level of commercialization as their petrochemical counterparts.

  • Slow advancement in manufacturing technologies for PHA production

Economic threats hamper the broad market penetration of PHAs: production of these materials is still significantly more expensive if compared to the well-established, large-scale manufacturing of petrol-based plastics. In particular, the allocation of feedstocks needed for PHA production drastically contributes to these polyesters' still high production price. The major limitations in producing PHAs are special growth conditions required, substrate composition, cultures condition, fermentation processes (batch, fed-batch, repeated batch, or fed-batch, and continuous modes), and high recovery cost. In addition, the production of PHA generates a large amount of biomass waste.

Recent Development

  • In January 2021, Danimer Scientific opened its new facility at 605 Rolling Hills Lane, Winchester, KY 40391, which is the world's first commercial production facility for PHA. With the help of this new facility, the company doubled its production capacity in the year 2021.

Asia-Pacific Polyhydroxyalkanoates (PHA) Market Scope

The Asia-Pacific polyhydroxyalkanoates (PHA) market is categorized based on type, form, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

  • Short Chain Length
  • Medium Chain Length

Based on type, the Asia-Pacific polyhydroxyalkanoates (PHA) market is classified into two segments short chain length and medium chain length.

Form

  • Co-Polymerized PHA
  • Linear PHA

Based on form, the Asia-Pacific polyhydroxyalkanoates (PHA) market is classified into two segments co-polymerized PHA and linear PHA.

Application

  • Packaging and Food Services
  • Bio-Medical
  • Agriculture
  • Chemical Additive
  • 3D Printing
  • Cosmetics
  • Wastewater Treatment

Polyhydroxyalkanoates (PHA) Market

Based on the application, the Asia-Pacific polyhydroxyalkanoates (PHA) market is classified into seven segments packaging and food services, bio-medical, agriculture, chemical additive, 3d printing, cosmetics, and wastewater treatment.

Asia-Pacific Polyhydroxyalkanoates (PHA) Market Regional Analysis/Insights

Asia-Pacific polyhydroxyalkanoates (PHA) market is segmented on the basis of type, form, and application.

The countries in the Asia-Pacific polyhydroxyalkanoates (PHA) market are the Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the rest of Asia-Pacific. China is dominating the Asia-Pacific polyhydroxyalkanoates (PHA) market in terms of market share and market revenue because of the growing consumer inclination toward eco-friendly plastic products.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing a forecast analysis of the country data.

Competitive Landscape and Asia-Pacific Polyhydroxyalkanoates (PHA) Market Share Analysis

Asia-Pacific polyhydroxyalkanoates (PHA) market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus on the Asia-Pacific Polyhydroxyalkanoates (PHA) market.

Some of the prominent participants operating in the Asia-Pacific polyhydroxyalkanoates (PHA) market 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., Danimer Scientific, YIELD10 BIOSCIENCE, INC.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning grids, Company Market Share Analysis, Standards of Measurement, Asia-Pacific Vs. Regional and Vendor Share Analysis. Please request an analyst call in case of further inquiry.


SKU-

TABLE 1 IMPORT DATA OF SATURATED POLYESTERS IN PRIMARY FORMS (EXCLUDING POLYCARBONATES, ALKYD RESINS, POLYETHYLENE AND POLYLACTIC ACID); HS CODE – 390799 (USD THOUSAND)

TABLE 2 EXPORT DATA OF SATURATED POLYESTERS IN PRIMARY FORMS (EXCLUDING POLYCARBONATES, ALKYD RESINS, POLYETHYLENE AND POLYLACTIC ACID); HS CODE – 390799 (USD THOUSAND)

TABLE 3 REGULATORY FRAMEWORK

TABLE 4 ASIA PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 5 ASIA PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 6 ASIA PACIFIC SHORT CHAIN LENGTH IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 7 ASIA PACIFIC SHORT CHAIN LENGTH IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (TONS)

TABLE 8 ASIA PACIFIC MEDIUM CHAIN LENGTH IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 9 ASIA PACIFIC MEDIUM CHAIN LENGTH IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (TONS)

TABLE 10 ASIA PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 11 ASIA PACIFIC CO-POLYMERIZED PHA IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 12 ASIA PACIFIC LINEAR PHA IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 13 ASIA PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 14 ASIA PACIFIC PACKAGING AND FOOD SERVICES IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 15 ASIA PACIFIC BIO-MEDICAL IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 16 ASIA PACIFIC AGRICULTURE IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 17 ASIA PACIFIC CHEMICAL ADDITIVE IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 18 ASIA PACIFIC 3D PRINTING IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 19 ASIA PACIFIC COSMETICS IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 20 ASIA PACIFIC WASTEWATER TREATMENT IN POLYHYDROXYALKANOATES (PHA) MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 22 ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY COUNTRY, 2020-2029 (USD THOUSAND)

TABLE 23 ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY COUNTRY, 2020-2029 (TONS)

TABLE 24 ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 25 ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 26 ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 27 ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 28 CHINA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 29 CHINA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 30 CHINA POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 31 CHINA POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 32 INDIA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 33 INDIA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 34 INDIA POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 35 INDIA POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 36 JAPAN POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 37 JAPAN POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 38 JAPAN POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 39 JAPAN POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 40 SOUTH KOREA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 41 SOUTH KOREA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 42 SOUTH KOREA POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 43 SOUTH KOREA POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 44 THAILAND POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 45 THAILAND POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 46 THAILAND POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 47 THAILAND POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 48 SINGAPORE POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 49 SINGAPORE POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 50 SINGAPORE POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 51 SINGAPORE POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 52 INDONESIA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 53 INDONESIA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 54 INDONESIA POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 55 INDONESIA POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 56 AUSTRALIA & NEW ZEALAND POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 57 AUSTRALIA & NEW ZEALAND POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 58 AUSTRALIA & NEW ZEALAND POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 59 AUSTRALIA & NEW ZEALAND POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 60 PHILIPPINES POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 61 PHILIPPINES POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 62 PHILIPPINES POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 63 PHILIPPINES POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 64 MALAYSIA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 65 MALAYSIA POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

TABLE 66 MALAYSIA POLYHYDROXYALKANOATES (PHA) MARKET, BY FORM, 2020-2029 (USD THOUSAND)

TABLE 67 MALAYSIA POLYHYDROXYALKANOATES (PHA) MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 68 REST OF ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 69 REST OF ASIA-PACIFIC POLYHYDROXYALKANOATES (PHA) MARKET, BY TYPE, 2020-2029 (TONS)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Asia-Pacific Polyhydroxyalkanoates (PHA) Market is projected to grow at a CAGR of 6.0% during the forecast period by 2029.
The future market value of the Asia-Pacific Polyhydroxyalkanoates (PHA) Market is expected to reach USD 53,597.34 thousand by 2029.
The major players in the Asia-Pacific Polyhydroxyalkanoates (PHA) Market 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., Danimer Scientific, YIELD10 BIOSCIENCE, INC.
The country covered in the Asia-Pacific Polyhydroxyalkanoates (PHA) Market are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific.
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