PHA Market Profiling Players GreenBio Materials, MHG, P&G Chemicals, Metabolix with In-Depth Analysis on Recent Trends and Growth Opportunities During 2020-2024

PHA Market analyses the Industry Status, Size, Share, Emerging Trends, Growth Opportunity, Competition landscape and Forecast to 2024. This report also provides data on Patterns, Improvements, Target Business Sectors, Limits and Advancements.

Global PHA Market overview:

Detailed Study on PHA Market is growing at a CAGR during Forecasts year 2024. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

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Polyhydroxyalkanoates or PHAs are polyesters produced in nature by numerous microorganisms, including through bacterial fermentation of sugars or lipids. When produced by bacteria they serve as both a source of energy and as a carbon store. More than 150 different monomers can be combined within this family to give materials with extremely different properties. These plastics are biodegradable and are used in the production of bioplastics.

The Global PHA Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the PHA Market is sub segmented into. PHB, PHBV, PHBHx, PHB4B. Based on End Use Industry segment, the PHA Market is sub segmented into Packaging, Biomedical, Agricultural, Food Services. The packaging & food service application is estimated to be the largest segment of the PHA market, in terms of value and volume, during the forecast period. Due to the presence of bans and regulations on the usage of plastic bags and other disposable plastic products, consumers and end-use industries are shifting towards PHA, which is driven mainly by packaging and foods services applications.

Furthermore, it offers a detailed description and business profiles of leading key players operating in the global regions. It includes an overview of companies, contact information, methodologies, revenue generation, and successful strategies. North America, Latin America, Asia-Pacific, Africa, and Europe have been analyzed to get better insights about target market across the globe. Increasing demand for biodegradable plastics fueled by stringent government regulations & policies against single-use plastics and trends related to sustainable development and circular economy are driving the PHA industry. Europe is the key market for PHA, globally, followed by North America and Asia-Pacific.

Some of the PHA Market manufacturers involved in the market are GreenBio Materials, Shenzhen Ecomann Technology, MHG, P&G Chemicals, Metabolix, Tian'an Biopolymer, Kaneka, Biomer, Newlight Technologies, PHB Industrial, Acquisitions and effective mergers are some of the strategies adopted by the PHA Market manufacturers. New product launches and continuous technological innovations are the PHA Market strategies adopted by the major players.

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Latest Industry Updates:

Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Mamoru Kadokura) completed construction to increase production capacity of Kaneka Biodegradable Polymer PHBH (referred to below as PHBH), on schedule at the Takasago Manufacturing Site (Hyogo Prefecture in Japan), and held a construction completion ceremony on December 17th, 2019. With an investment of approximately 2.5 billion yen1, production capacity was increased to around 5,000 tons per annum, a five-fold increase from before.

In recent years, marine pollution caused by microplastics has become a global social issue due to its impact on the ecosystem. PHBH, a 100% plant-derived biopolymer developed by Kaneka Corporation has attained the "OK Biodegradable MARINE" 2 certificate, verifying that it biodegrades in seawater, and is expected to contribute to reducing marine pollution. PHBH has also been put on the positive list of the United States' Food and Drug Administration 3 (FDA), the Japan Hygienic Olefin and Styrene Plastics Association 4, and the European Commission 5, and there are a growing number of countries and regions where it can be used for food contact application.

In Europe, various regulations for reducing single-use plastics are being reinforced, and especially in France regulations have tightened as of January 2020, offering good prospects for rapid sales growth of PHBH. In Japan, the use of straws made from PHBH for Seven Eleven's "Seven Cafe" began from November 2019 in around 10,000 Seven Eleven convenience stores across the country, and also joint-development of cosmetics bottles is currently underway with Shiseido Co., Ltd. On top of this, a wide range of uses are being considered with many global brand holders such as straws, shopping bags, cutlery, and material for food packaging. The 5,000 tons/year plant is expected to begin running at full capacity from its early stages.

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Table of Contents:

Global PHA Market Report 2020

1 PHA Definition

2 Global PHA Market Major Player Share and Market Overview

3 Major Player PHA Business Introduction

4 Global PHA Market Segmentation (Region Level)

5 Global PHA Market Segmentation (Product Type Level)

6 Global PHA Market Segmentation (Industry Level)

7 Global PHA Market Segmentation (Channel Level)

8 PHA Market Forecast 2020-2024

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