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Global Polyhydroxyalkanoate Market to Reach at the Highest CAGR of 4.7% | Industry Research Report 2017-2024

The Global Polyhydroxyalkanoate (PHA) Market accounted for USD 75.2million in 2016 and is projected to grow at a CAGR of 4.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Polyhydroxyalkanoate (PHA) Market By Type {PHA Monomers (Polyhydroxybutyrate, Polyhydroxyvalerate, Others), PHA Co-Polymers (P(4hb-Co-3hb), P(3hb-Co-3hv), Others), PHA Terpolymers (P(3hb-Co-3hv-Co-4hb), Others)} By Manufacturing Technology (Bacterial Fermentation, Biosynthesis, Enzymatic Catalysis)By Application (Packaging, Bio Medical, Food Services, Agriculture) – Industry Trends and Forecast to 2024

Company Share Analysis:

The global polyhydroxyalkanoate (PHA) market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Major Market Competitors:

• Metabolix, Inc.,
• Kaneka Corporation,
• Meredian Holdings Group, Inc.,
• Shenzhen Ecomann Biotechnology Co., Ltd.,
• Biomatera,
• Biomer,
• Bio-On SRL,
• Newlight Technologies, LLC,
• PHB Industrial S.A.,
• Polyferm Canada, Inc.,
• Tianan Biologic Materials Co., Ltd,
• Tianjin Greenbio Materials Co., Ltd.,
• Tepha, Inc.,
• Bluepha Co., Ltd.,
• Dayglo Color Corp.,
• Bioamber, Inc.,
• Full Cycle Bioplastics,
• Procter & Gamble Co.,
• Dupont Tate & Lyle Bio Products Company, LLC,
• CJ Cheiljedang Corp.,
• Biome Bioplastics Ltd.,
• Cardia Bioplastics Ltd.

Market Segmentation:

The polyhydroxyalkanoate (PHA) market is segmented on the basis of typeinto PHA monomers, PHA co-polymers, PHA terpolymers. PHA monomers is further sub segmented into polyhydroxybutyrate, polyhydroxyvalerate andothers. PHA co-polymersis further sub segmented into P(4hb-Co-3hb), P(3hb-Co-3hv) and others.PHA terpolymersis further sub segmented into P(3hb-Co-3hv-Co-4hb)and others.
On the basis of manufacturing technology market is segmented into bacterial fermentation, biosynthesisand enzymatic catalysis.
On the basis of application market is segmented into packaging, bio medical, food services, and agriculture.
On the basis of geography, the polyhydroxyalkanoate (PHA) market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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Major Market Drivers:

• Sustainable green procurement policies
• Vast availability of renewable and cost effective raw materials
• Biodegradability driving consumption
• Risingconcerns about human health and safety
Market restraint:
• High Price compared to conventional polymers
• Performance issues with polyhydroxyalkanoate

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