PHA Market Growing at 6.10% CAGR Will Hit 290 million US$ in 2025

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.

China is the dominate producer of PHAs, the production is 12750 MT in 2015, according for about 50.42% of the total amount, followed by America, with the production market share of 19.43%.

The global PHA market was 190 million US$ in 2018 and is expected to 290 million US$ by the end of 2025, growing at a CAGR of 6.1% between 2019 and 2025.

This report studies the PHA market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of PHA in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

GreenBio Materials

Shenzhen Ecomann Technology

MHG

P&G Chemicals

Metabolix

Tian'an Biopolymer

Kaneka

Biomer

Newlight Technologies

PHB Industrial

By the product type, the market is primarily split into

PHB

PHBV

PHBHx

PHB4B

Others

By the end users/application, this report covers the following segments

Packaging

Biomedical

Agricultural

Food Services

Key Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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