Global Polyhydroxyalkanoate (PHA) Market is accounted for $54.29 million in 2019 and is expected to reach $193.26 million by 2027 growing at a CAGR of 17.2% during the forecast period. The vast availability of renewable and cost-effective raw materials, biodegradability driving the consumption and governments green procurement policies are the major key factors driving market growth.
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By geography, Europe is expected to grow at a faster rate as it is the most promising market for bio plastics and related industries, including acrylic processing aid. The region is characterized by innovative growth and stringent regulations. The European market is segmented into Germany, France, Italy, UK and Rest of Europe. The government policies supporting the use of biodegradable plastics and increasing awareness among consumers are the key driving factors responsible for the market growth in the European region.
Some of the key players profiled in the Polyhydroxyalkanoate (PHA) include Bio-on SpA, CJ CheilJedang Corp, Danimer Scientific, Full Cycle Bioplastics, Genecis Bioindustries Inc, Kaneka Corporation, Newlight Technologies LLC, PolyFerm Canada, RWDC Industries, Shenzhen Ecomann Biotechnology Co Ltd, Tepha Inc, TerraVerdae Inc, Tianjin GreenBio Materials Co Ltd, Yeild10 Bioscience.
Types Covered in Polyhydroxyalkanoate (PHA) Market
• Short Chain Length
• Medium Chain Length
Production Methods Covered:
• Methane Fermentation
• Sugar Fermentation
• Vegetable Oil Fermentation
Forms Covered:
• Linear Polyhydroxyalkanoate (PHA)
• Copolymerized Polyhydroxyalkanoate (PHA
Manufacturing Technologies Covered:
• Biosynthesis
• Bacterial Fermentation
• Enzymatic Catalysis
Applications Covered:
• Packaging
• Food Service
• Biomedical
• Agriculture
• Other Applications
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