Polyhydroxy Butyrate Market Size

Polyhydroxy Butyrate Market size is expected to cross USD 766 Million by the end of 2036, growing at a CAGR of 15% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of polyhydroxy butyrate was over USD 146 Million. The growth of the market is owing to the growing customer demand for eco-friendly items, governments and manufacturers worldwide that are concentrating their efforts on adopting these products. It has increased the need for polyhydroxy butyrate in the production of various goods as mulch films, medical equipment, and packaging materials. Sustainable products saw a 2.7x greater rate of growth than non-sustainable ones. With a 32% growth share, sustainable products currently hold a 17% market share overall.

In addition to these, considerable resources are being allocated to research and development endeavors aimed at improving the characteristics and yield of polyhydroxy butyrate. This has increased the potential applications of polyhydroxy butyrate by resulting in the synthesis of variations with enhanced mechanical strength, thermal stability, and processability.