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Polyhydroxyalkanoates(PHAs) are naturally-occurring polymers produced by bacteria. A variety of bacterial species produce PHAs by fermenting biomass under nutrient-limiting conditions.
The accumulation of petrochemical plastic waste in the environment is an increasing problem. In order to find alternative materials, researchers have developed fully biodegradable plastics, such as polyhydroxyalkanoates (PHAs). However, the commercial success of PHAs bioplastics is still hampered by their high production costs, poor material properties and processability when compared to the well-established oil-based materials. Low cost production processes are still in the developmental stage. PHAs market is at its initial stage of technology cycle and not yet achieved economies of scale. Most manufacturers may have high capacity but low production.
Market Analysis and Insights: Global PHA Market
The global PHA market was valued at US$ 243.4 in 2020 and will reach US$ 347.3 million by the end of 2027, growing at a CAGR of 6.1% during 2022-2027.
Global PHA Scope and Market Size
The global PHA market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global PHA market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
PHB
PHBV
PHBHx
PHB4B
Others
Segment by Application
Packaging
Biomedical
Agricultural
Food Services
Others
The PHA market is analysed and market size information is provided by regions (countries). Segment by Application, the PHA market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
GreenBio Materials
Shenzhen Ecomann Technology
MHG
P&G Chemicals
Metabolix
Tian'an Biopolymer
Kaneka
Biomer
Newlight Technologies
PHB Industrial
The accumulation of petrochemical plastic waste in the environment is an increasing problem. In order to find alternative materials, researchers have developed fully biodegradable plastics, such as polyhydroxyalkanoates (PHAs). However, the commercial success of PHAs bioplastics is still hampered by their high production costs, poor material properties and processability when compared to the well-established oil-based materials. Low cost production processes are still in the developmental stage. PHAs market is at its initial stage of technology cycle and not yet achieved economies of scale. Most manufacturers may have high capacity but low production.
Market Analysis and Insights: Global PHA Market
The global PHA market was valued at US$ 243.4 in 2020 and will reach US$ 347.3 million by the end of 2027, growing at a CAGR of 6.1% during 2022-2027.
Global PHA Scope and Market Size
The global PHA market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global PHA market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
PHB
PHBV
PHBHx
PHB4B
Others
Segment by Application
Packaging
Biomedical
Agricultural
Food Services
Others
The PHA market is analysed and market size information is provided by regions (countries). Segment by Application, the PHA market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
GreenBio Materials
Shenzhen Ecomann Technology
MHG
P&G Chemicals
Metabolix
Tian'an Biopolymer
Kaneka
Biomer
Newlight Technologies
PHB Industrial
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
