Polyhydroxyalkanoate (PHA) Market - By Product (Short Chain Length, Medium Chain Length, Long Chain Length), By PHA Type (P3H4B +PHB, PHBH, PHBV), By Production Methods, By Application, & Forecast, 2023

Description

List of Tables

Polyhydroxyalkanoate (PHA) Market size is predicted to witness more than 10.7% CAGR from 2023 to 2032 driven by the surge in demand for eco-friendly alternatives to traditional plastics. As industries increasingly prioritize sustainable alternatives, the PHA offers a viable solution to the escalating plastic pollution crisis.

As per the UN, nearly 430 million tonnes of plastic is produced around the world each year and around 2000 garbage trucks full of plastic is dumped in oceans every day. Majority of plastic production, i.e. 36%, is due to plastic packaging requirements. Furthermore, the biodegradable nature of PHA, coupled with its ability to be produced from renewable resources, positions it as a sustainable option for diverse applications across sectors.

The polyhydroxyalkanoate (PHA) market is classified based on product, PHA type, production methods, application, and region.

The medium chain length (MCL) segment is anticipated to record strong product demand through 2032. MCL products exhibit enhanced flexibility and durability, making them ideal for a wide range of applications. From packaging materials to medical devices, the versatility of MCL PHA positions it as a frontrunner in the quest for sustainable alternatives to traditional plastics. With ongoing R&D efforts focused on improving production efficiency and cost-effectiveness, MCL PHA is set to play a pivotal role in shaping the future of biodegradable materials.

The packaging & food services segment is expected to generate massive revenues in the market by 2032, driven by an increasing consumer preference for eco-friendly packaging solutions. PHA, known for its biodegradability and compostability, aligns seamlessly with the sustainability goals of the packaging industry. As major players in the food & beverage sector commit to reducing their environmental footprint, the adoption of PHA in packaging materials is gaining momentum.

Europe polyhydroxyalkanoate (PHA) market size will expand over the forecast period, owing to a robust adoption of biodegradable materials by 2032. The region's commitment to environmental conservation along with stringent regulations promoting sustainable practices, has created a conducive environment for the industry growth. With ongoing research initiatives and collaborations, Europe is likely to maintain its leadership in the PHA market, driving innovation and shaping the future of sustainable materials.

Product Code: 5355

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Polyhydroxyalkanoate (PHA) industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Product trends
2.4 PHA type trends
2.5 Production method trends
2.6 Application trends
2.7 Regional trends

Chapter 3 Polyhydroxyalkanoate (PHA) Industry Insights

3.1 Industry segmentation
3.2 Industry ecosystem analysis
- 3.2.1 Raw material analysis
- 3.2.2 Manufacturers
- 3.2.3 Distribution channel analysis
- 3.2.4 Profit margin analysis
- 3.2.5 Effect of COVID-19 on industry value chain
- 3.2.6 Vendor matrix
3.3 Raw material analysis
- 3.3.1 Canola oil
- 3.3.2 PHA production process from Wautersia eutropha
- 3.3.3 Sugar beet
- 3.3.4 Sugarcane Molasses
- 3.3.5 Corn Starch
- 3.3.6 Methanol
- 3.3.7 Palm oil
- 3.3.8 Biogas & CO2
- 3.3.9 Heterogeneous waste streams
- 3.3.10 Estimated portion of global production of each raw material used in PHA production
3.4 Technology landscape
- 3.4.1 Microbiological process
- 3.4.2 Enzymatic process
- 3.4.3 Chemical process
3.5 Regulatory landscape
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 APAC
- 3.5.4 Latin America
- 3.5.5 MEA
3.6 Circular economy
- 3.6.1 PHAs in “The Circular Economy”: Denitrification Part of the series: Preventing pollution with PHA
- 3.6.2 PHAs are an emerging family of biodegradable aliphatic polyesters
- 3.6.3 Bioconversion of oily waste to polyhydroxyalkanoates
- 3.6.4 Cyanobacterial polyhydroxyalkanoates (PHA): a sustainable alternative in circular economy
3.7 Biodegradable plastics industry outlook
- 3.7.1 Biodegradable plastics market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 3.7.2 Biodegradable plastics market estimates & forecast, by product, 2018-2032, (Tons) (USD Million)
3.8 Addressable bio-based PHA market potential
- 3.8.1 Bio-based polyhydroxyalkanoate (PHA)market estimates & forecast, 2018-2032, (Tons) (USD Million)
3.9 Estimated production capacity of key manufacturers
3.10 Pricing analysis
- 3.10.1 North America
- 3.10.2 Europe
- 3.10.3 Asia Pacific
- 3.10.4 Latin America
- 3.10.5 Middle East & Africa
- 3.10.6 COVID-19 impact on pricing
- 3.10.7 Cost structure analysis, 2022
3.11 Industry impact forces
- 3.11.1 Growth drivers
  - 3.11.1.1 Positive outlook for biodegradable plastics in the food & beverage packaging industry
  - 3.11.1.2 Enhanced focus on environmental concerns is likely to propel the demand for biodegradable plastic usage
  - 3.11.1.3 Supportive government regulations for biodegradable plastics
- 3.11.2 Industry pitfalls & challenges
  - 3.11.2.1 The high production cost and poor thermal properties has weakened the growth of the polyhydroxyalkanoate (PHA) industry
3.12 Innovation & sustainability
- 3.12.1 Patent analysis
3.13 Growth potential analysis, 2022
3.14 Porters Analysis
- 3.14.1 Industry rivalry
- 3.14.2 Buyer power
- 3.14.3 Supplier power
- 3.14.4 Threat of new entrants
- 3.14.5 Threat of substitutes
3.15 PESTEL analysis
3.16 Impact of COVID-19 on the polyhydroxyalkanoate (PHA) applications
- 3.16.1 Packaging & Food Services
- 3.16.2 Biomedical
- 3.16.3 Agriculture
- 3.16.4 Others
3.17 Impact of COVID-19 on world economy
3.18 Impact of the Russia-Ukraine war on polyhydroxyalkanoate market

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Polyhydroxyalkanoate (PHA) Market Size and Forecast, By Product 2018 - 2032

5.1 Short chain length
5.2 Medium Chain Lenth
5.3 Long Chain Lenth

Chapter 6 Polyhydroxyalkanoate (PHA) Market Size and Forecast, By PHA Type 2018 - 2032

6.1 P3H4B +PHB
6.2 PHBH
6.3 PHBV

Chapter 7 Polyhydroxyalkanoate (PHA) Market Size and Forecast, By Production Methods 2018 - 2032

7.1 Sugar Fermentation
7.2 Vegetable Oil Fermentation
7.3 Heterogeneous waste streams
7.4 Others (Methane Fermentation, Hydrocarbons)

Chapter 8 Polyhydroxyalkanoate (PHA) Market Size and Forecast, By Application 2018 - 2032

8.1 Packaging & Food Services
8.2 Biomedical
8.3 Agriculture
8.4 Others (Biofuels, Paints, Fiber Materials, Paper Waterproof Coatings, Animal feed)

Chapter 9 Polyhydroxyalkanoate (PHA) Market Size and Forecast, By Region 2018 - 2032

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Netherlands
- 9.3.7 Poland
- 9.3.8 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Indonesia
- 9.4.7 Thailand
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 Danimer Scientific
10.2 CjBio
10.3 Tianan Enmat
10.4 Kaneka Corporation
10.5 Paques Biomaterials
10.6 RWDC
10.7 Bluepha
10.8 Full Cycle Bioplastics
10.9 Newlight Technologies
10.10 Tianjin GreenBio Materials Co. Ltd.
10.11 Yield10 Bioscience, Inc.
10.12 Bio-on SpA