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Polyhydroxyalkanoate (PHA) Market to Reach USD 244.34 Mn by 2030, Driven by 14.7% CAGR Growth

12-16-2024 06:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Polyhydroxyalkanoate (PHA) Market

Polyhydroxyalkanoate (PHA) Market

The Polyhydroxyalkanoate (PHA) market is poised for substantial growth, with the market size valued at USD 110.6 Mn in 2023. It is projected to achieve a compound annual growth rate (CAGR) of 14.2% from 2024 to 2030, reaching nearly USD 259.7 Mn by 2030. Increasing demand for sustainable and biodegradable materials, especially in packaging and medical applications, is propelling the market's expansion.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

The global PHA market is being driven by increasing environmental concerns, government regulations to reduce plastic waste, and advancements in biopolymer technology. As industries transition towards eco-friendly materials, PHAs are emerging as a leading solution due to their biodegradability, versatility, and superior properties compared to traditional plastics.

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐๐ข๐จ๐ฉ๐จ๐ฅ๐ฒ๐ฆ๐ž๐ซ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐๐จ๐ฅ๐ฒ๐ก๐ฒ๐๐ซ๐จ๐ฑ๐ฒ๐š๐ฅ๐ค๐š๐ง๐จ๐š๐ญ๐ž (๐๐‡๐€) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ:

Vietnam is emerging as a critical player in the PHA market, driven by its growing investments in biopolymer manufacturing facilities. Companies like ๐Œ๐ข๐ง๐ก ๐๐ก๐ฎ ๐๐ข๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ are capitalizing on government incentives to expand biodegradable polymer production. Recent collaborations with European firms to enhance technical capabilities highlight Vietnam's strategic focus on sustainable growth.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐…๐ฎ๐ž๐ฅ๐ž๐ ๐›๐ฒ ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฅ๐ฒ๐ก๐ฒ๐๐ซ๐จ๐ฑ๐ฒ๐š๐ฅ๐ค๐š๐ง๐จ๐š๐ญ๐ž (๐๐‡๐€) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand's PHA market is experiencing significant growth, fueled by innovations in the packaging sector. Leading companies, such as ๐๐š๐ญ๐ฎ๐ซ๐ž๐–๐จ๐ซ๐ค๐ฌ ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐,are investing heavily in R&D to develop next-generation biopolymer solutions. Recent mergers with international players have further strengthened Thailand's position as a regional leader in the bioplastics industry.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/110679/

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐š๐ง๐ ๐๐ก๐š๐ซ๐ฆ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฅ๐ฒ๐ก๐ฒ๐๐ซ๐จ๐ฑ๐ฒ๐š๐ฅ๐ค๐š๐ง๐จ๐š๐ญ๐ž (๐๐‡๐€) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‰๐š๐ฉ๐š๐ง:

Japan remains a frontrunner in adopting PHAs for advanced medical and pharmaceutical applications. Companies like ๐Š๐š๐ง๐ž๐ค๐š ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง are pioneering the production of high-purity PHAs tailored for drug delivery systems and surgical sutures. With ongoing R&D initiatives, Japan continues to set trends in PHA utilization across high-value industries.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐’๐ž๐œ๐ญ๐จ๐ซ ๐๐จ๐ฅ๐ฒ๐ก๐ฒ๐๐ซ๐จ๐ฑ๐ฒ๐š๐ฅ๐ค๐š๐ง๐จ๐š๐ญ๐ž (๐๐‡๐€) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

South Korea's PHA market is witnessing consolidation as companies like ๐’๐Š ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ ๐š๐ง๐ ๐‚๐‰ ๐‚๐ก๐ž๐ข๐ฅ๐‰๐ž๐๐š๐ง๐  strengthen their market positions through strategic acquisitions. Recent partnerships with global players have enhanced technological expertise, enabling the development of innovative PHA-based solutions for various applications, including agriculture and packaging.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‚๐ข๐ซ๐œ๐ฎ๐ฅ๐š๐ซ ๐„๐œ๐จ๐ง๐จ๐ฆ๐ฒ ๐ˆ๐ง๐ข๐ญ๐ข๐š๐ญ๐ข๐ฏ๐ž๐ฌ ๐๐จ๐ฅ๐ฒ๐ก๐ฒ๐๐ซ๐จ๐ฑ๐ฒ๐š๐ฅ๐ค๐š๐ง๐จ๐š๐ญ๐ž (๐๐‡๐€) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore is leveraging its advanced infrastructure and commitment to sustainability to foster growth in the PHA market. Companies such as ๐“๐ž๐ฆ๐š๐ฌ๐ž๐ค ๐๐ข๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ are spearheading circular economy initiatives by recycling bioplastics into value-added products. Recent collaborations with multinational corporations underscore Singapore's role as a hub for sustainable innovation.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ง ๐›๐ฒ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐†๐จ๐š๐ฅ๐ฌ ๐๐จ๐ฅ๐ฒ๐ก๐ฒ๐๐ซ๐จ๐ฑ๐ฒ๐š๐ฅ๐ค๐š๐ง๐จ๐š๐ญ๐ž (๐๐‡๐€) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ:

The United States remains a dominant player in the global PHA market, driven by increasing demand from packaging, agriculture, and healthcare industries. Major companies like ๐ƒ๐š๐ง๐ข๐ฆ๐ž๐ซ ๐’๐œ๐ข๐ž๐ง๐ญ๐ข๐Ÿ๐ข๐œ ๐š๐ง๐ ๐๐ž๐ฐ๐ฅ๐ข๐ ๐ก๐ญ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ are scaling up production capacities to meet the growing demand. Recent mergers and investments in biopolymer startups highlight the country's robust growth trajectory.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‘๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐จ๐ซ๐ฒ ๐๐ฎ๐ฌ๐ก ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐๐จ๐ฅ๐ฒ๐ก๐ฒ๐๐ซ๐จ๐ฑ๐ฒ๐š๐ฅ๐ค๐š๐ง๐จ๐š๐ญ๐ž (๐๐‡๐€) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

Europe is at the forefront of the PHA market due to stringent environmental regulations and growing consumer demand for biodegradable alternatives. Companies like Tianan ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐œ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ๐ฌ ๐š๐ง๐ ๐๐ข๐จ๐ฆ๐ž๐ซ are driving innovation in the sector. Recent developments include large-scale government-funded projects aimed at scaling up PHA production to meet regional sustainability goals.

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐Œ๐จ๐ฏ๐ž๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ : Minh Phu Bioplastics' partnership with European firms to bolster technical expertise in biodegradable polymer production.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ : NatureWorks Thailand's merger with global players to expand R&D efforts in advanced packaging solutions.

๐‰๐š๐ฉ๐š๐ง : Kaneka Corporation's launch of high-purity PHA solutions for pharmaceutical applications.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š : CJ CheilJedang's acquisition of innovative startups to enhance product offerings.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž : Temasek Bioplastics' collaboration with multinational corporations to promote circular economy practices.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ : Danimer Scientific's investment in large-scale manufacturing facilities.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž : Government-funded projects to accelerate the development and adoption of PHA materials.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/110679/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ฎ๐›๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐…๐จ๐ซ๐ฆ

Continuous
Discrete

According to form, the Polyhydroxyalkanoate (PHA) Market's Continuous segment led the Form segment in 2023. Continuous basalt fibers have better mechanical qualities than chopped fibers, which makes them more appealing for uses like construction, automotive, and aerospace that call for strength and endurance. Additionally, continuous fibers offer improved performance and quality uniformity and consistency, which raises the dependability of final products. They are favored in production operations where exact specifications are essential because of their consistency.

๐›๐ฒ ๐”๐ฌ๐š๐ ๐ž

Composite

Non-Composites

According to usage, the composite segment led the basalt fiber market's usage subsegment in 2023. Because of its adaptability and versatility across a range of industries, the composite segment of the basalt fiber business has exploded ahead in the Usage sub-segment. Composites reinforced with basalt fibers are highly sought after in industries like automotive, aerospace, construction, and marine because of their remarkable strength, durability, and resistance to corrosion. The primary driver of the composites market's supremacy is its capacity to provide greater performance at a competitive price, hence replacing conventional materials like steel and fiberglass in several applications. Additionally, the need for basalt fiber composites has increased due to the growing emphasis on lightweight materials to improve fuel efficiency and lower carbon footprints.

๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Construction & Infrastructure
Automotive & Transportation
Electrical & Electronics
Wind Energy
Marine
Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/request-sample/110679/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ฎ๐›๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

1. Bio-on SpA
2. CJ CheilJedang Corp.
3. Danimer Scientific
4. Full Cycle Bioplastics
5. Genecis Bioindustries Inc.
6. Kaneka Corporation
7. PolyFerm Canada
8. RWDC Industries
9. Tepha Inc.
10. TerraVerdae Inc.
11. Tianjin GreenBio Materials Co., Ltd.
12. Shenzhen Ecomann Biotechnology Co Ltd
13. Newlight Technologies LLC
14. Tianan Biologic Materials Co Ltd
15. Biomer
16. Bochemie

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐‘๐ฎ๐›๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Polyhydroxyalkanoate (PHA) ?
What is the growth rate of the Polyhydroxyalkanoate (PHA) Market?
Which are the factors expected to drive the Polyhydroxyalkanoate (PHA) market growth?
What is the CAGR at which the Polyhydroxyalkanoate (PHA) market will grow during the forecast period?
What are the different segments of the Polyhydroxyalkanoate (PHA) Market?
Which is the fastest growing region in the Polyhydroxyalkanoate (PHA) market?
What growth strategies are the players considering to increase their presence in Polyhydroxyalkanoate (PHA) ?
What are the upcoming opportunities and trends for the Polyhydroxyalkanoate (PHA) Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Polyhydroxyalkanoate (PHA) Market?
Who are the leading companies and what are their portfolios in Polyhydroxyalkanoate (PHA) Market?
What segments are covered in the Polyhydroxyalkanoate (PHA) Market?
Who are the key players in the Polyhydroxyalkanoate (PHA) market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/contact-us/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Online Video Platform Market https://www.maximizemarketresearch.com/market-report/global-online-video-platform-market/22115/

โ™ฆ Global Train Seat Market https://www.maximizemarketresearch.com/market-report/global-train-seat-market/69894/

โ™ฆ Video Conferencing Market https://www.maximizemarketresearch.com/market-report/global-video-conferencing-market/63052/

โ™ฆ Global Dairy Alternatives Market https://www.maximizemarketresearch.com/market-report/global-dairy-alternatives-market/25430/

โ™ฆ Cloud Billing Market https://www.maximizemarketresearch.com/market-report/cloud-billing-market/13974/

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โ™ฆ Automotive Market in Germany https://www.maximizemarketresearch.com/market-report/automotive-market-in-germany/86571/

โ™ฆ Global Edutainment Market https://www.maximizemarketresearch.com/market-report/global-edutainment-market/42042/

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

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๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

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