Global Polyhydroxyalkanoates (Pha) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyhydroxyalkanoates (Pha) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyhydroxyalkanoates or PHAs are polyesters produced in nature by numerous microorganisms, including through bacterial fermentation of sugars or lipids. When produced by bacteria they serve as both a source of energy and as a carbon store. More than 150 different monomers can be combined within this family to give materials with extremely different properties. These plastics are biodegradable and are used in the production of bioplastics. They can be either thermoplastic or elastomeric materials, with melting points ranging from 40 to 180 °C. The mechanical properties and biocompatibility of PHA can also be changed by blending, modifying the surface or combining PHA with other polymers, enzymes and inorganic materials, making it possible for a wider range of applications.

Market Overview:

The latest research study on the global Polyhydroxyalkanoates (Pha) market finds that the global Polyhydroxyalkanoates (Pha) market reached a value of USD 79.93 million in 2022. It’s expected that the market will achieve USD 174.03 million by 2028, exhibiting a CAGR of 13.85% during the forecast period.

Strength

The continuous development of global economy and technology.
The downstream market continues to expand and segment applications continue to increase.
Environmental protection policies have become increasingly strict.

Weakness

The production cost of PHA is very high, and many production processes are still in the development stage.
PHA has performance problems such as poor thermal stability.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Danimer Scientific, formerly known as Meredian Holdings Group Inc. and MHG, is a biopolymer manufacturer headquartered in Bainbridge, Georgia.
Danimer Scientific owns the patent for Nodax medium-chain-length branched polyhydroxyalkanoates, mcl-PHA. The company uses PHA and other biopolymers to create a range of applications such as additives, aqueous coatings, extrusion coating, extrusion lamination, fibers, film resins, hot melt adhesives, injection molding, thermoforming and wax replacement polymers. In addition, Danimer Scientific offers research and development in the formulation of biopolymers. Danimer Scientific also provides toll manufacturing and compounding services, allowing partners to use the Bainbridge facility to manufacture products.

Newlight Technologies is a biotechnology company that produces advanced sustainable materials. Supply AirCarbon to replace oil-based plastics globally, use carbon that would otherwise enter the air to replace oil, and reduce the carbon content in the air on a market-driven basis.

Segmentation Overview:

Among different product types, Co-Polymers segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Packaging segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Polyhydroxyalkanoates (Pha) market covered in Chapter 3:

Ecomann Biotechnology Co. Ltd
Kaneka Corporation
Full Cycle Bioplastics
Tianan Biologic Materials Co Ltd
RWDC Industries
Danimer Scientific
Polyferm Canada, Inc.
Tianjin GreenBio Materials Co., Ltd
Newlight Technologies LLC
Biomer
Bio-on 

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyhydroxyalkanoates (Pha) market from 2018 to 2029 is primarily split into:

Monomers
Co-Polymers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyhydroxyalkanoates (Pha) market from 2018 to 2029 covers:

Packaging
Agriculture
Biomedical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)