Press release
Polyhydroxyalkanoates (PHA) Market size, Scope, Growth Opportunities, Trends by Manufacturers, And Forecast to 2029
The global polyhydroxyalkanoates (PHA) market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.4% in the forecast period of 2022 to 2029 and is expected to reach USD 144,530.99 thousand by 2029. The major factor driving the growth of the Polyhydroxyalkanoates (PHA) market is the increasing demand for biodegradable materials in the packaging and food service industries, the emergence of new and cost-effective raw materials for PHA production, and increasing concerns for human health and safety.
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Competitive Landscape and Global Polyhydroxyalkanoates (PHA) Market Share Analysis
Global polyhydroxyalkanoates (PHA) market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies focus on the global Polyhydroxyalkanoates (PHA) market.
Some of the prominent participants operating in the global polyhydroxyalkanoates (PHA) market are BASF SE, PolyFerm Canada, Full Cycle Bioplastics, CJ CHEILJEDANG CORP., BIO-ON, Bluepha Co, Ltd, TERRAVERDAE BIOWORKS INC., RWDC Industries, NEWLIGHT TECHNOLOGIES, INC. TianAn Biologic Materials Co, Ltd., Danimer Scientific, YIELD10 BIOSCIENCE, INC.
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Polyhydroxyalkanoate (PHA) Market Size
The global market for Polyhydroxyalkanoate (PHA) was valued at US$ 188 million in the year 2024 and is projected to reach a revised size of US$ 367 million by 2031, growing at a CAGR of 10.1% during the forecast period.
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𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐥𝐲𝐡𝐲𝐝𝐫𝐨𝐱𝐲𝐚𝐥𝐤𝐚𝐧𝐨𝐚𝐭𝐞𝐬 (𝐏𝐇𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟏𝟒.𝟐% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟑. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟎.𝟐𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟎.𝟎𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.
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