Who are some of the prominent players in the polyhydroxyalkanoate industry?

Key players in the industry include Bio-on SpA, Bluepha, CjBio, Danimer Scientific, Full Cycle Bioplastics, Kaneka Corporation, Newlight Technologies, and Paques Biomaterials.

Why do short chain length PHAs dominate the market?

Short chain length PHAs generated USD 73.4 million in revenue in 2024 and are expected to reach USD 175.2 million by 2034 due to their favorable material properties, such as higher crystallinity and melting temperature, making them suitable for various applications.

What is the size of the U.S. polyhydroxyalkanoate industry?

The U.S. polyhydroxyalkanoate market was valued at USD 28.1 million in 2024, driven by robust research and development efforts, supportive government policies, and a strong focus on sustainability.

Polyhydroxyalkanoate Market Size

Report ID: GMI5355

Published Date: November 2024

Report Format: PDF

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Polyhydroxyalkanoate Market Size

The global polyhydroxyalkanoate market was valued at USD 123.5 million in 2024 and is estimated to grow at a CAGR of over 8.9% from 2025 to 2034.

Polyhydroxyalkanoate Market

New developments in PHA production include a rapid rise in the demand for eco-friendly and legally regulated biodegradable plastics. As concerns for our environment increase, biopolymers such as PHA are starting to gain popularity due to their eco-friendly nature within the packaging, agriculture, and medical sectors. Furthermore, improvements in genetic engineering and microbial fermentation methods are moving PHA’s biotechnology closer to market adoption.

Expansion in the polyhydroxyalkanoate market observes ongoing progress because of sustainable principles increasingly being incorporated into the functioning of businesses, strengthening the appeal of applications such as PHA-based biodegradable materials in packaging, agriculture, and single-use items. Greater diversity of applications is anticipated through further research and development of PHA. Cost assessment and scalability are performed by numerous parallel industry actors and research centers that are trying to develop novel approaches to PHA production.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Question(FAQ) :

Who are some of the prominent players in the polyhydroxyalkanoate industry?: Key players in the industry include Bio-on SpA, Bluepha, CjBio, Danimer Scientific, Full Cycle Bioplastics, Kaneka Corporation, Newlight Technologies, and Paques Biomaterials.
How big is the polyhydroxyalkanoate market?: The global polyhydroxyalkanoate industry was valued at USD 123.5 million in 2024 and is estimated to grow at a CAGR of over 8.9% from 2025 to 2034, driven by the increasing emphasis on sustainable and biodegradable plastics.
Why do short chain length PHAs dominate the market?: Short chain length PHAs generated USD 73.4 million in revenue in 2024 and are expected to reach USD 175.2 million by 2034 due to their favorable material properties, such as higher crystallinity and melting temperature, making them suitable for various applications.
What is the size of the U.S. polyhydroxyalkanoate industry?: The U.S. polyhydroxyalkanoate market was valued at USD 28.1 million in 2024, driven by robust research and development efforts, supportive government policies, and a strong focus on sustainability.

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Authors: Kiran Pulidindi, Kunal Ahuja

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Base Year: 2024

Companies covered: 12

Tables & Figures: 320

Countries covered: 18

Pages: 250

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Polyhydroxyalkanoate Market Size

Polyhydroxyalkanoate Market Size

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