Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Polyhydroxy Butyrate Market size was valued at USD 146.09 million in 2024 and is likely to cross USD 1.08 billion by 2037, expanding at more than 16.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polyhydroxy butyrate is assessed at USD 166.83 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.
