Polyhydroxyalkanoates(PHAs) are naturally-occurring polymers produced by bacteria. A variety of bacterial species produce PHAs by fermenting biomass under nutrient-limiting conditions. The accumulation of petrochemical plastic waste in the environment is an increasing problem. In order to find alternative materials, researchers have developed fully biodegradable plastics, such as polyhydroxyalkanoates (PHAs). However, the commercial success of PHAs bioplastics is still hampered by their high production costs, poor material properties and processability when compared to the well-established oil-based materials. Low cost production processes are still in the developmental stage. PHAs market is at its initial stage of technology cycle and not yet achieved economies of scale. Most manufacturers may have high capacity but low production. Market Analysis and Insights: Global PHA Market The global PHA market is valued at US$ 215.2 million in 2019. The market size will reach US$ 327.3 million by the end of 2026, growing at a CAGR of 6.1% during 2021-2026. Global PHA Scope and Segment PHA market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global PHA market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027. Segment by Type PHB PHBV PHBHx PHB4B Others Segment by Application Packaging Biomedical Agricultural Food Services Others By Company GreenBio Materials Shenzhen Ecomann Technology MHG P&G Chemicals Metabolix Tian'an Biopolymer Kaneka Biomer Newlight Technologies PHB Industrial Production by Region North America Europe China Japan Consumption by Region North America U.S. Canada Europe Germany France U.K. Italy Russia Asia-Pacific China Japan South Korea India Australia Taiwan Indonesia Thailand Malaysia Philippines Vietnam Latin America Mexico Brazil Argentina Middle East & Africa Turkey Saudi Arabia U.A.E
1 Study Coverage 1.1 PHA Product Introduction 1.2 Market by Type 1.2.1 Global PHA Market Size Growth Rate by Type 1.2.2 PHB 1.2.3 PHBV 1.2.4 PHBHx 1.2.5 PHB4B 1.2.6 Others 1.3 Market by Application 1.3.1 Global PHA Market Size Growth Rate by Application 1.3.2 Packaging 1.3.3 Biomedical 1.3.4 Agricultural
