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Polyhydroxyalkanoate (PHA) Market Trends

Report ID: GMI5355
Published Date: Oct 2023
Report Format: PDF

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Polyhydroxyalkanoate Market Trends

Current trends in the polyhydroxyalkanoate (PHA) industry include a heightened focus on sustainability and circular economy principles, driving the demand for biodegradable plastics like PHA in packaging, agriculture, and single-use products. Research and development efforts are also expanding to enhance PHA's properties, making it more versatile and suitable for various applications. Collaborations and partnerships among industry players and research institutions are fostering innovation in PHA production methods, aiming to reduce costs and increase scalability.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Polyhydroxyalkanoate (PHA) market size was worth USD 98.2 million in 2022 and is estimated to reach USD 275.8 million by 2032 driven by growing emphasis on sustainable and biodegradable plastics

Short-chain-length (SCL) PHA market size was valued at USD 58.5 million in 2022 owing to the increasing demand for tailored and versatile biopolymer solutions.

Polyhydroxyalkanoate market size in the U.S. was USD 26.3 million in 2022 and is set to exhibit robust growth rate over 2023-2032 attributed to the increasing R&D efforts and supportive government policies in the nation.

Some of the top PHA market players are Danimer Scientific, CjBio, Tianan Enmat, Kaneka Corporation, Paques Biomaterials, RWDC, Bluepha, Full Cycle Bioplastics, Newlight Technologies, Tianjin GreenBio Materials Co. Ltd., Yield10 Bioscience, Inc., and Bio-on SpA among others.