Press release
Global polyhydroxyalkanoate market to grow at a CAGR of 5.41% during the period 2017-2021
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Description
Polyhydroxyalkanoates (PHA) are polymers that are derived from the polyester class. PHAs are naturally produced by microorganisms through the fermentation process and can also be produced from other renewable resources such as sugars and lipids. PHAs are classified under the bacterial polyesters family, which are further sub-classified under bioplastics. These are synthesized naturally from sugars and lipids through the bacterial fermentation process. These are biodegradable and are used for the manufacturing of bioplastics. They can also be produced by synthetic processes.
Technavios analysts forecast the global polyhydroxyalkanoate market to grow at a CAGR of 5.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyhydroxyalkanoate market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Polyhydroxyalkanoate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
BioMatera
Bio-on
Danimer Scientific
TianAn Biologic Materials
Tianjin GreenBio Materials
Yield10 Bioscience
Other prominent vendors
Bluepha
Cardia Bioplastics
CJ CheilJedang
Full Cycle Bioplastics
Kaneka
Newlight Technologies
PHB Industrial
PolyFerm Canada
Shenzhen Ecomann Biotechnology
Market driver
Rising awareness about environment-friendly products
For a full, detailed list, view our report
Market challenge
High consumption of feedstocks for production of PHA
For a full, detailed list, view our report
Market trend
Increasing introduction of PHA in cosmetics and skincare products
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Global PHA market
Five forces analysis
PART 06: Market segmentation by application
Global PHA market by application
Global PHA market by packaging industry
Global PHA market by biomedical industry
Global PHA market by consumer goods industry
Global PHA market by agriculture industry
Global PHA market by others
PART 07: Geographical segmentation
Global PHA market by geography
PHA market in Europe
PHA market in North America
PHA market in APAC
PHA market in ROW
PART 08: Decision framework
PART 09: Drivers and challenges
Market drivers
Market challenges
PART 10: Market trends
Increasing introduction of PHA in cosmetics and skincare products
Increasing use of PHA in nanomedicine
Increasing introduction of novel methods for PHA production
Increasing use of PHAs in toys
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PART 11: Vendor landscape
Competitive scenario
Other prominent vendors
PART 12: Key vendor analysis
BioMatera
Bio-on
Danimer Scientific
TianAn Biologic Materials
Tianjin GreenBio Materials
Yield10 Bioscience
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Polyhydroxyalkanoate (PHA) Market Size
The global market for Polyhydroxyalkanoate (PHA) was valued at US$ 188 million in the year 2024 and is projected to reach a revised size of US$ 367 million by 2031, growing at a CAGR of 10.1% during the forecast period.
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𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐥𝐲𝐡𝐲𝐝𝐫𝐨𝐱𝐲𝐚𝐥𝐤𝐚𝐧𝐨𝐚𝐭𝐞𝐬 (𝐏𝐇𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟏𝟒.𝟐% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟑. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟎.𝟐𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟎.𝟎𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.
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