Polyhydroxyalkanoate (PHA) Market Size By Product (Short Chain Length, Medium Chain Length, Long Chain Length), By PHA Type (P3H4B +PHB, PHBH, PHBV), By Production Methods (Sugar Fermentation, Vegetable Oil Fermentation, Heterogeneous Waste Streams), By Application (Packaging & Food Services, Biomedical, Agriculture), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030

Industry Overview

Polyhydroxyalkanoate Market size was valued at over USD 85 million in 2021 and is anticipated to depict over 10.5% CAGR between 2022-2030. Rise in the usage of PHA in food packaging will bolster industry outlook.
 

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Polyhydroxyalkanoates have a vast application scope and are considered ideal for medicinal and food packaging uses, owing to multiple advantageous properties. These include inertness, non-toxicity, and hydrophobic nature. Due to their high biocompatibility, biodegradability, and mechanical characteristics, PHAs have created more interest in comparison to other biopolymers. Additionally, the material has potential applications across utensils, foil laminations, and bottles, which may propel PHA industry progress.
 

It is expected that the poor thermal properties and high production costs needed for producing PHA could impede market to some extent. Although polyhydroxybutyrate (PHB), one of the most produced PHAs, has physicochemical characteristics comparable to petroleum-based plastics, it is brittle, less elastic, and is thus less suited for processing into robust products. However, rising plastic pollution is driving governments to promote the use of biodegradable plastics including PHAs, which may bolster the industry forecasts.
 

Growing demand for sustainable materials to increase adoption of short chain length PHA

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With respect to the product type, the polyhydroxyalkanoate market share from the short chain length segment is anticipated to reach more than 32,000 kilo tons by 2030. Growing focus towards environment-friendly materials has enabled the exploration of bioplastics. These materials reduce the usage of fossil fuel resources and are biodegradable, leading to increased demand over conventional plastics. A major portion of this demand comes from the service and packaging sectors, which are seeking sustainable materials.  It will augment the need for bioplastics, including short chain length PHAs.
 

P3H4B +PHB to emerge as preferred polyhydroxyalkanoate polymer type for packaging

According to the PHA type, the polyhydroxyalkanoate market is bifurcated into P3H4B +PHB, PHBH, and PHBV. Of these, the P3H4B +PHB segment surpassed USD 20 million in 2021. The packaging sector is growing with the rapid expansion of food processing facilities and manufacturing plants. Businesses consider packaging to be a crucial factor to maintain customer interest and enhance the product appeal. PHAs and their homopolymers, specifically PHB, are among the most environmentally sustainable biopolymer options for packaging. PHB is also likely to replace the linear usage of plastics with a circular ecosystem, further fueling the product demand.
 

Increasing usage of PHA for biomedical applications to boost market size

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Polyhydroxyalkanoate market from biomedical segment will depict a CAGR of more than 9% through 2030. PHAs are suitable for these applications owing to their biocompatibility, and non-toxicity. These biopolymers are effective in various medicinal settings including biocontrol agents, anticancer agents, and biodegradable implants. PHA is also used for tissue engineering, drug transportation, and memory enhancement. A surge in private investments to develop biomedical products will enhance the material adoption across healthcare end-users.
 

Strict bans on single-use plastics to favor polyhydroxyalkanoate consumption in Europe

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Regionally speaking, the Europe polyhydroxyalkanoate market is projected to register a CAGR of over 9.5% through 2022-2030. This is credited to stringent bans on single-use plastics in the region. For instance, the European Union put into effect The Directive on Single-Use Plastics in July 2021, banning the use of single-use plastics with available alternatives. The European Commission has also issued guidelines with examples of products to be categorized as single-use plastic. These directives, alongside innovations in the bioplastics sector to cater to the growing demand for sustainable products will help transform regional industry dynamics.
 

Strategic acquisitions by key contenders to reinforce global PHA industry outlook

Some of the key companies operating in the polyhydroxyalkanoate market include BASF SE, Bluepha’s, Newlight Technologies, Bio-on SpA, Kaneka Corporation, Danimer Scientific, Natureworks LLC, Full Cycle Bioplastics, PolyFerm Canada Inc., Shenzhen Ecomann Biotechnology Co., Ltd., Linear PHA, Tokyu hotels. Prominent players are focusing on acquisitions as key strategies to enhance their product offerings.
 

Impact of COVID-19 crisis on polyhydroxyalkanoate market trends

The COVID-19 pandemic caused disruptions in the global supply chain. In order to adapt to these unprecedented changes, businesses are striving to secure and sustain their supply networks. Major companies are signing supply chain agreements with distributors and dealers to ensure effective distribution of products such as PHAs throughout all regions. However, competition is anticipated to worsen as manufacturers try to use various methods to boost their profit margins, which may impact global market expansion to a certain extent.
 

The polyhydroxyalkanoate market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Tons and revenue in USD Million from 2017 to 2030 for the following segments:

By Product

• Short chain length
• Medium Chain Length
• Long Chain Length

By PHA type

• P3H4B +PHB
• PHBH
• PHBV

By Production Method

• Sugar Fermentation
• Vegetable Oil Fermentation
• Heterogeneous waste streams
• Others (Methane Fermentation, Hydrocarbons)

By Application

• Packaging & Food Services
• Biomedical
• Agriculture
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Poland
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa