Global Polyhydroxyalkanoate Market 2024-2028
The polyhydroxyalkanoate market is forecasted to grow by USD 26.9 mn during 2023-2028, accelerating at a CAGR of 6.31% during the forecast period. The report on the polyhydroxyalkanoate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for biodegradable plastics, increasing application of PHA in the biomedical industry, and fluctuating crude oil prices promoting the use of PHA-based products.
Technavio's polyhydroxyalkanoate market is segmented as below:
By Application
- Packaging
- Biomedical
- Food services
- Agriculture
- Others
By Type
- Copolymerized PHA
- Linear PHA
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing adoption of sustainable production methods by manufacturers as one of the prime reasons driving the polyhydroxyalkanoate market growth during the next few years. Also, increasing new product launches of PHA-based products and adoption of innovative materials for manufacturing pha will lead to sizable demand in the market.
The report on the polyhydroxyalkanoate market covers the following areas:
- Polyhydroxyalkanoate market sizing
- Polyhydroxyalkanoate market forecast
- Polyhydroxyalkanoate market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyhydroxyalkanoate market vendors that include BASF SE, Becton Dickinson and Co., BIO ON spa, Bluepha, BOSK Bioproducts, CJ CheilJedang Corp., Danimer Scientific Inc., Genecis, Kaneka Corp., RWDC Industries Ltd., Terraverdae Bioworks Inc., TianAn Biologic Materials Co. Ltd., WinCup, and Yield10 Bioscience Inc.. Also, the polyhydroxyalkanoate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.