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Global Polyhydroxyalkanoate (PHA) Market Research by focusing on Top Companies like Metabolix, Inc., Kaneka Corporation, Meredian Holdings Group, Inc and Trends By 2024
Polyhydroxyalkanoate (PHA) Market – Industry Trends and Forecast 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.
• many more.
Market Segmentation:
On the basis of type:- 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:- Bacterial fermentation, biosynthesisand enzymatic catalysis.
On the basis of application market:- Packaging, bio medical, food services, and agriculture.
On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East & Africa.
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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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