Polyhydroxyalkanoate (PHA) Market by Type (Short Chain Length), Production Method (Vegetable Oil Fermentation), Application (Packaging & Food Services), and Region (Asia Pacific, Europe, North America, Middle East, and Africa, Latin America), and forecast period-2022 – 2030 (Updated Version Available)

Polyhydroxyalkanoate Market Insights:

Polyhydroxyalkanoate market was valued at USD 83.2 Million in 2021, registering a CAGR of 11.2% during the forecast period (2022-2030), and the market is projected to be worth USD 216.3 Million by 2030. Polyhydroxyalkanoate is typically produced when the microbes are cultured with nutrient-limiting concentrations which consist of phosphorus, nitrogen, sulfur, or oxygen and excess sources of carbon. Industrial optimizations in terms of such fermentation conditions have resulted in the reduced costs of commercial production of polyhydroxyalkanoate. Also, the increased use of polyhydroxyalkanoate in bioplastics is expected to potentially replace petrochemical-based plastics due to their biocompatibility nature. For instance, according to the United Nations Environment Programme (UNEP), over 36% of the produced plastic comprises single-use plastic packaging for food and beverage containers and over 85% of the plastic remains in landfill as unregulated waste. Thus, the growing awareness of environment-friendly, PHA-based bioplastics is estimated to contribute to the growth of the polyhydroxyalkanoate (PHA) market during the forecast period.

Furthermore, the growing introductions of green procurement policies by the government are also anticipated to witness significant growth in the projected period. For instance, the latest updated list of Food Contact Materials Regulation (EU) by the European Union is released in terms of using PHA in food packaging. Thus, the rising adoption of PHA-based bioplastics in packaging & food services is expected to boost the growth of the polyhydroxyalkanoate (PHA) market. In the context of the region, North America is anticipated to contribute a larger market share during the forecast period. The factors such as rising concerns about the use of conventional plastics due to the harmful threat to the environment combined with the increased expenditure in research and development of sustainable alternatives such as PHA-based biopolymers and the large presence of the major market players are estimated to accelerate the polyhydroxyalkanoate (PHA) market in North American region.

Polyhydroxyalkanoate (PHA) Market Dynamics:

Polyhydroxyalkanoate (PHA) are natural polyesters that are accumulated as water-insoluble granules within multiple microorganisms found in specific conditions. PHAs are also known as renewable resources-based substitutes for petrochemical polymers. The significant factors of polyhydroxyalkanoate are environmental biocompatibility and biodegradability.

Driver:

The rising adoption of biodegradable plastics in the food & beverage packaging industry combined with the increased focus on environmental concerns and favorable government green initiatives like the UNEP campaign called Clean Seas drive the growth of the polyhydroxyalkanoate (PHA) market owing to the increased demand for PHA-based biodegradable plastic. Additionally, the wide application of polyhydroxyalkanoate in the pharmaceutical and biomedical industry especially in developing countries such as India, Brazil, and Mexico, and increased consumer awareness of sustainable PHA-based plastics accelerate the growth of the polyhydroxyalkanoate (PHA) market during the forecast period.

Restraint:

The expensive procedure of biodegradable plastics polymerization, poor thermal properties of the PHA, and decreased research and development expenditures due to the reduced PHA production hinder the growth of the polyhydroxyalkanoate (PHA) market. Furthermore, the reduced awareness of PHA production from biomass in developing countries due to the high costs of processing and purification hamper the polyhydroxyalkanoate (PHA) market growth during the forecast period.

Opportunities:

The shift of focus on sustainability combined with government protocols for green procurement policies due to the high number of PHA-based plastic applications is expected to create lucrative opportunities for the polyhydroxyalkanoate (PHA) market. Additionally, the growing demand for polyhydroxyalkanoate for catering products, biodegradable mulch films, film packaging, compostable waste bags, and rigid packaging are also anticipated to create profitable opportunities for the growth of the polyhydroxyalkanoate (PHA) market.

COVID-19 Analysis of Polyhydroxyalkanoate (PHA) Market:

The polyhydroxyalkanoate (PHA) market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as transportation restrictions, uncertain consumer demand, limited availability of raw materials, and economic slowdown are the major impacts of COVID-19 which hampered the growth of the polyhydroxyalkanoate (PHA) market. Shipments were impacted during the initial lockdown due to a labor shortage and the closure of a manufacturing facility. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the polyhydroxyalkanoate (PHA) market is moderate. Post covid-19, there was a positive impact on the polyhydroxyalkanoate (PHA) market due to the increased awareness of sustainable alternatives like PHA-based bioplastic as a replacement for conventional plastic packaging.

Polyhydroxyalkanoate (PHA) Report Coverage:

Report Attributes	Report Details
Study Timeline	2016-2030
Market Size in 2030 (USD Million)	216.3 Million
CAGR (2022-2030)	11.2%
By Type	Short Chain Length, Medium Chain Length, Long Chain Length
By Production Method	Sugar Fermentation, Vegetable Oil Fermentation, Heterogeneous Waste Streams
By Application	Packaging & Food Services, Biomedical, Agriculture
By Geography	North America– (U.S., Canada, Mexico) Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA)
Key Players	Newlight Technologies LLC, Mitsubishi Chemical Holding Corporation, Biome Bioplastics, Eastman Chemical Company, Danimer Scientific, Shenzhen Ecomann Biotechnology Co., Ltd., Kaneka Corporation, RWDC Industries, TianAn Biologic Materials Co., Ltd., Biomer

Polyhydroxyalkanoate (PHA) Market Segment Analysis:

By Type

The type segment is separated into short chain length, medium chain length, and long chain length. The short chain length segment is expected to contribute the largest share in terms of value in 2021. Monomers form multiple crystalline structures such as medium chain length monomers and short chain length monomers. The short chain length PHA monomers include Polyhydroxyvalerate (PHV), Polyhydroxybutyrate (PHB), and Poly-3-hydroxybutyrate (P3HB). The structure helps in determining the mechanical and thermal properties of monomers which make them suitable for diversified applications such as packaging and production of environmental-friendly plastics, biofuels, and biomedical products. Furthermore, the increased use of short chain length PHAs for manufacturing products such as carry bags and packaging materials is also projected to support the growth of the short chain length segment during the forecast period.

By Production Method

The production method segment is categorized into sugar fermentation, vegetable oil fermentation, and heterogeneous waste streams. The sugar fermentation segment is projected to contribute the largest share to the growth of the polyhydroxyalkanoate (PHA) market in 2021. The factors such as the presence of volatile fatty acids in sugar, increased biopolymer production from glucose, and lower costs of PHA production from molasses are expected to support the growth of the sugar fermentation segment during the projected period. Additionally, the vegetable oil fermentation segment is also expected to register substantial growth during the forecast period.  The triacylglycerol-utilizing bacteria secrete the chemical named lipase owing to the conversion of triglyceride-rich vegetable oil sourced from soy, palm, canola, and others. Thus, the increased use of a specialized strain of bacteria for the completion of such a complex procedure is anticipated to support the growth of the vegetable oil fermentation segment.

By Application

The application segment is separated into packaging & food services, biomedical, and agriculture. The packaging & food services segment is anticipated to contribute the largest share to the growth of the polyhydroxyalkanoate (PHA) market. The factors such as non-toxic properties, water insolubility, and improved medical use due to biocompatibility are expected to support the growth of the packaging & food services segment during the projected period. Furthermore, the biomedical segment is also projected to witness significant growth during the projected period owing to the growing use in the development of cardiovascular products, improved usage of PHA-based drug electing stents for reduced possibility of arterial blockages, and treatment of gastrointestinal tract by PHA-based implant patches. Thus the above-mentioned segments are expected to support the growth of the polyhydroxyalkanoate (PHA) market during the forecast period.

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, Europe is expected to contribute the largest share in terms of volume and value. The factors such as favorable government initiatives to boost the bioplastics, rising consumer awareness in terms of eco-friendly, sustainable plastic alternatives, and innovation in the production of single-use bioplastics are anticipated to boost the growth of the polyhydroxyalkanoate (PHA) market in the European region due to the wide adoption of PHA-based products.

North America is also expected to register witness substantial growth during the forecast period. The factors such as the rising demand for sustainable and biodegradable packaging combined with increased awareness of waste management and the large presence of key market players are estimated to fuel the polyhydroxyalkanoate (PHA) market growth in the North American region.

Polyhydroxyalkanoate (PHA) Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-

• Newlight Technologies LLC
• Mitsubishi Chemical Holding Corporation
• Biome Bioplastics
• Eastman Chemical Company
• Danimer Scientific
• Shenzhen Ecomann Biotechnology Co., Ltd.
• Kaneka Corporation
• RWDC Industries
• TianAn Biologic Materials Co., Ltd.
• Biomer

Recent Developments:

• In June 2022, a California-based firm named Newlight Technologies launched coated and plastic-free paper products called AirCarbon which are created from regenerative materials. The procedure of product manufacturing involved capturing the nature-carbon which resulted in plastic-free, grease, and moisture-resistant paper product.
• In March 2022, Tokyu Hotels decided to deploy the toothbrushes produced by KANEKA Biodegradable Polymer Green Planet in the hotel which is anticipated to be the first step towards the usage of sustainable products in the hospitality industry.
• In May 2022, the Japanese firm named Kaneka Corporation developed an expandable plastic technology that converts biodegradable polymer into molded foam products which are largely adopted by fisheries businesses as fish boxes for storing fresh fish.

Table of Content

1. Introduction
   • Market Introduction
   • Market Research Methodology
     • Research Process
     • Primary Research
     • Secondary Research
     • Data Collection Technique
     • Data Sources
   • Market Estimation Methodology
     • Limitations of the Study
   • Product Picture of Polyhydroxyalkanoate (PHA)
   • Global Polyhydroxyalkanoate (PHA) Market: Classification
   • Geographic Scope
   • Years Considered for the Study
   • Research Methodology in brief
   • Parent Market Overview
   • Overall Polyhydroxyalkanoate (PHA) Market Regional Demand
   • Research Programs/Design
   • Market Breakdown and Data Triangulation Approach
   • Data Source
   • Secondary Sources
   • Primary Sources
   • Primary Interviews
   • Average primary breakdown ratio
2. Market Dynamics
   • Drivers
     • Drivers
   • Restraints
     • Restraints
   • Opportunity
     • Impact forces on market dynamics
     • Impact forces during the forecast years
   • Industry Value Chain
     • Upstream analysis
     • Downstream analysis
     • Distribution Channel
     • Direct Channel
     • Indirect Channel
   • Potential Customers
   • Manufacturing/Operational Cost Analysis
   • Pricing Analysis by Region
   • Key Technology Landscape
   • Regulatory Analysis
   • Porter’s Analysis
     • Supplier Power
     • Buyer Power
     • Substitution Threat
     • Threat from New Entry
     • Competitive Rivalry
   • PESTEL Analysis
   • Political Factors
   • Economic Factor
   • Social Factors
   • Technological Factor
   • Environmental Factors
   • Legal Factor
   • Covid-19 impact on Global Economy
   • Covid-19 impact on Polyhydroxyalkanoate (PHA) demand
   • Post-Covid Impact on Polyhydroxyalkanoate (PHA) Market Demand
   • Impact Analysis of the Russia-Ukraine Conflict
3. Global Polyhydroxyalkanoate (PHA) Market Segmentation, by Volume (Tons) & Revenue (USD Million), (2022-2030)
   • By Type
     • Short Chain Length
     • Medium Chain Length
     • Long Chain Length
   • By Production Method
     • Sugar Fermentation
     • Vegetable Oil Fermentation
     • Heterogeneous Waste Streams
   • By Application
     • Packaging & Food Services
     • Biomedical
     • Agriculture

4. Global Polyhydroxyalkanoate (PHA) Market Overview, By Region
   • North America Polyhydroxyalkanoate (PHA) Market Volume (Tons) & Revenue (USD Million), by Countries, (2022-2030)
     • US
       • By Type
       • By Production Method
       • By Application
     • Canada
     • Mexico
   • Europe Polyhydroxyalkanoate (PHA) Market Volume (Tons) & Revenue (USD Million), by Countries, (2022-2030)
     • France
     • UK
     • Spain
     • Russia
     • Italy
     • BENELUX
   • Asia Pacific Polyhydroxyalkanoate (PHA) Market Volume (Tons) & Revenue (USD Million), by Countries, (2022-2030)
     • China
     • Japan
     • Australia
     • South Korea
     • India
     • ASEAN

5. Latin America Polyhydroxyalkanoate (PHA) Market Volume (Tons) & Revenue (USD Million), by Countries, (2022-2030)
   • Brazil
   • Argentina
   • Chile
6. Middle East and Africa Polyhydroxyalkanoate (PHA) Market Volume (Tons) & Revenue (USD Million), by Countries, (2022-2030)
   • GCC
   • Turkey
   • South Africa
7. Global Polyhydroxyalkanoate (PHA) Market Revenue: Competitive Analysis, 2021
   • Key strategies by players
   • Revenue (USD Million and %), By manufacturers, 2021
   • Player Positioning by Market Players, 2021
8. Competitive Analysis
   • Newlight Technologies LLC
     • Business Overview
     • Business Financials (USD Million)
     • Product Category, Type, and Specification
     • Main Business/Business Overview
     • Geographical Analysis
     • Recent Development
     • Swot Analysis
   • Mitsubishi Chemical Holding Corporation
   • Biome Bioplastics
   • Eastman Chemical Company
   • Danimer Scientific
   • Shenzhen Ecomann Biotechnology Co., Ltd.
   • Kaneka Corporation
   • RWDC Industries
   • TianAn Biologic Materials Co., Ltd.
   • Biomer
9. Market Research Findings & Conclusion

Disclaimer

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