PUBLISHER: Grand View Research | PRODUCT CODE: 1574883
PUBLISHER: Grand View Research | PRODUCT CODE: 1574883
The global polyhydroxyalkanoates market size was estimated at USD 650.66 million in 2023 and is projected to grow at a CAGR of 9.35% from 2024 to 2030. Rising non-biodegradable plastic pollution globally is increasing the threat of various ill effects caused by this pollution leading to a surge in the demand for sustainable actions to effectively manage plastic pollution driving the demand for polyhydroxyalkanoates (PHA).
The market is experiencing growing interest due to the global shift toward sustainability and eco-friendly alternatives. With increasing regulations on single-use plastics and heightened consumer awareness about environmental pollution, industries are exploring biodegradable solutions like PHAs. As a result, there has been a noticeable increase in R&D investment, particularly in improving the production efficiency and cost-effectiveness of PHA materials. The integration of PHAs in sectors such as packaging, agriculture, and biomedical applications is becoming more widespread, reflecting the market's adaptation to the growing demand for green alternatives.
Global Polyhydroxyalkanoates Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global polyhydroxyalkanoates market report based on type, end-use, and region: