Forecast: Polyhydroxyalkanoates Market to Grow at 16.3% CAGR Over the Next five Years

In 2024, Shenzhen Esun Industrial Co., Ltd. (brand “eSUN”) and Beijing PhaBuilder Biotechnology Co., collaborated to apply Poly polylactic acid (PLA) and polyhydroxyalkanoate (PHA) materials, to drive innovation in materials & technology, promoting sustainable development in industries such as 3D printing, fiber textiles, etc.

According to MarkNtel Advisors study, The Global Polyhydroxyalkanoates Market is estimated to grow at a CAGR of around 16.3% during the forecast period, i.e., 2024-30.

The global PHA market is witnessing a significant trend towards the emergence of new and cost-effective raw materials for PHA production. Traditionally, PHA production has relied on sugar sources like sugarcane, beet, molasses, and bagasse, which are easily consumed and converted by bacteria to produce PHA. However, there is a growing shift towards utilizing raw materials derived from non-food sources or waste residues like organic waste, biomass, etc.

In 2023, Dutch companies Paques Biomaterials and Senbis Polymer collaborated on the development of new applications for Caleyda, the PHA produced by Paques Biomaterials using organic waste streams as feedstock.

This shift is driven by several factors, including the increasing global demand for cereals, such as maize, wheat, and barley for food, animal feed, and biofuels. Moreover, the utilization of non-food raw resources like organic waste, biomass, and dead plants is expected to enhance waste management practices. By tapping into these alternative raw material sources, the PHA industry could reduce its reliance on food-based feedstocks and contribute to more sustainable production processes. This trend aligns with the growing emphasis on environmental sustainability and circular economy principles, driving innovation and growth in the Global PHA Market.

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Key Findings in Polyhydroxyalkanoates Market:

Polyhydroxyalkanoates Market Key Players:

Danmier Scientific, Kaneka Corporation, Ecomann Biotechnology Co., Ltd., Paques Biomaterials, RWDC Industries, Bluepha Co., Ltd., Fully Cycle Bio-Plastics, Newlight Technologies, J. RETTENMAIER & SÖHNE GmbH + Co KG, Beijing PhaBuilder Biotechnology Co., Ltd., Yield10 Bioscience Inc., Japan Vam & Poval Co., Ltd., PolyFerm Canada, CJ CheilJedang Corp., and Others

Market Segmentation Overview:

By Type

-Short Chain

–Polyhydroxyvalerate (PHV)

–P (4HB-CO-3HB)

–P (3HB-CO-3HV)

-Medium Chain

–P (Hydroxybutyrate-CO-Hydroxycoctanoate)

–P (3HB-CO-3HV-CO-4HB)

Short chain segment to hold prominent share of the Polyhydroxyalkanoates Market due to cost-effectiveness, versatility in application, etc. Short-chain PHAs are often more cost-effective to produce compared to their medium or long-chain counterparts. The production processes for short-chain PHAs, such as bacterial fermentation using inexpensive substrates, could result in lower production costs. This cost-effectiveness makes short-chain PHAs attractive for a wide range of applications, where cost considerations are critical, contributing to higher share in the market. Further, it exhibits a broad range of physical & chemical properties, which makes them versatile for various applications across industries.

By Production Method

-Sugar Fermentation

-Vegetable Oil Fermentation

-Methane Fermentation

-Others (Heterogeneous Waste Stream, Enzyme Synthesis etc.)

By Application

-Packaging & Food Services

-Agriculture

-Medical

-Consumer Goods

-Textiles

-Automotive

-Others (Construction, etc.)

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Polyhydroxyalkanoates Industry Recent Development:

2023: RWDC Industries partnered with Lummus Technology, a global provider of process technologies and value-driven energy solutions, to rapidly expand manufacturing and global licensing of polyhydroxyalkanoates (PHA).

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