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Global Polyhydroxyalkanoate (PHA) Market

Global Polyhydroxyalkanoate (PHA) Market size was valued at US$ 57 Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn.

The global Polyhydroxyalkanoate (PHA) market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Polyhydroxyalkanoate (PHA) report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Polyhydroxyalkanoate (PHA) Market

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Global Polyhydroxyalkanoate (PHA) Market Overview:

Polyhydroxyalkanoates are biodegradable polymers produced by microbial fermentation of sugar or glucose. Polyhydroxyalkanoates are utilized in food services, medicines, and orthopedic applications, as well as in the manufacture of bioplastics, food services industry, and agriculture. The wide amount of renewable and cost-effective raw materials such as bagasse, zein, casein, plant starch, and many others are boosting the growth of the polyhydroxyalkanoates market; additionally, bio-medical applications such as cardiovascular patches, nerve repair devices and bone-marrow scaffolds are propelling the market's growth.
Global Polyhydroxyalkanoate (PHA) Market Dynamics:

Drivers:

Government laws and policies prohibiting the use of single-use plastics are a significant driver contributing to the growth of the polyhydroxyalkanoates market.

Rising worries about greenhouse gas emissions, along with a favorable regulatory environment that encourages the use of bio-based goods are likely to drive polyhydroxyalkanoates market growth shortly. PHA is becoming more popular because of its biodegradability and thermosetting characteristics, which allow it to be utilized in food and beverage, cosmetics, medicinal, and agricultural applications. On January 11, 2019, the European Union revised the list of Food contact materials Regulation (EU) No 10/2011, Commission Regulation (EU) 2019/37, which might increase the usage of PHA in packaging and foodservice applications.
Restraints:

On the flip side R&D resources and higher cost of raw materials, which are 20% to 80% more than the cost of raw materials in traditional plastics, are a few of the constraints that this market faces. This is largely owing to the high polymerization cost of biodegradable polymers since most methods are still in the early stages of research. As a result, they have not realized economies of scale.
Global Polyhydroxyalkanoate (PHA) Market Segment Analysis:

Based on Type, the short chain length segment has led the market, in 2019. PHA monomers with short chain lengths have four to ten carbon atoms. Polyhydroxybutyrate (PHB), Poly-3-hydroxybutyrate (P3HB), and Polyhydroxyvalerate are examples of short chain length PHA monomers (PHV). The structure of the monomers influences their thermal and mechanical characteristics, making them ideal for use in a variety of applications. Biofuels may also be made from PHA monomers. Packaging materials and carry bags are the optimum uses for PHAs with short chain lengths.

Based on the Production Method, the sugar fermentation method has dominated the market over the forecast period. Sugarcane, beets, molasses, and bagasse can all be used to make sugar. They are commonly readily found and are easily digested and transformed by bacteria into PHA. Because sugar molecules are readily broken during the fermentation process, major PHA firms are already manufacturing PHA using this approach due to the greater availability of raw materials and the simpler procedure. The bioreactors and fermenters are used to produce PHA, usually in batch amounts. PHA is produced in bioreactors and fermentation chambers, usually in batch amounts. This entire procedure needs a regulated and isolated setting; any difference in conditions may result in an inaccurate conclusion.

Based on the Application, the packaging and food services industry segment holds the largest share of the market over the forecast period, owing to its increasing use in many applications, including food containers, lids, cups, dishes, and other food service products. This market is being driven by growing environmental concerns as well as waste management difficulties. The packaging and food services sector generates the most plastic trash in the world, and the increased use of bioplastics and biodegradable plastics bodes well for market growth.

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Global Polyhydroxyalkanoate (PHA) Market Regional Insights:

Europe is estimated to have the major share of the polyhydroxyalkanoates (PHA) market during the projected period, followed by North America. During the projected period, Europe is estimated to have the biggest share of the Polyhydroxyalkanoate (PHA) market. The packaging business in Germany has been growing rapidly as a result of massive growth in domestic e-commerce and rising overseas exports. Furthermore, the growing desire for packaged food and beverages has supported its rise. The strong total prohibition against single-use plastic, as well as growing concerns about human health and safety, are the primary driving reasons behind market growth in the European area. The necessity for environmentally friendly goods is pushing innovation in this region's bioplastics industry.

In France, the food manufacturing business accounts for around 20% of the French manufacturing industry. When compared to other industrial sectors, the food business has 43% more package design innovation. This has increased the need for food packaging in the country.

The North American polyhydroxyalkanoates (PHA) market is divided into three parts: the United States, Canada, and Mexico. The production of plastic trash is a serious issue in the region. Many rules against single-use plastics have been enacted at the state or local level. Rising environmental concerns, as well as waste disposal challenges, are projected to drive market growth in this forecast timeframe. In the North American area, biodegradable plastics are utilized in sectors such as packaging & bags consumer goods, agricultural, textile, and others (biomedical, automotive, and building & construction). This area is investing in R&D, innovation, and biodegradable plastics advocacy. These advancements are likely to contribute to the growth of the North American biodegradable plastics market.

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The objective of the report is to present a comprehensive analysis of the global Polyhydroxyalkanoate (PHA) market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Polyhydroxyalkanoate (PHA) market dynamics, structure by analyzing the market segments and project the global Polyhydroxyalkanoate (PHA) market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Polyhydroxyalkanoate (PHA) market makes the report investor’s guide.
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Global Polyhydroxyalkanoate (PHA) Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Polyhydroxyalkanoate (PHA) Market Key Players

• Bio-on SpA
• Danimer Scientific
• Genecis Bioindustries, Inc.
• Kaneka Corporation
• PolyFerm Canada
• RWDC Industries
• Tepha, Inc.
• TerraVerdae, Inc.
• CJ CheilJedang Corp.
• Full Cycle Bioplastics
• Tianjin GreenBio Materials Co., Ltd.
• Shenzhen Ecomann Biotechnology Co., Ltd.
• Newlight Technologies LLC
• Biologic Materials Co. Ltd.
• Biomer
• Other Key Players

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