Polyhydroxyalkanoate Market Share

  • Report ID: 4627
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Polyhydroxyalkanoate Market Share

APAC Market Statistics

The Asia Pacific polyhydroxyalkanoate market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the boom in the packaging and biomedical sectors, and the rising number of working people, that increases the demand for packaged foods and other ready-made products. For instance, China generates around 10,000 metric tons per year PHA by Tianjin Green Bio-Science, whereas, in 2021, there were roughly 747 million working people in China. Further, the presence of significant key manufacturers of polyhydroxyalkanoate is another factor that is anticipated to expand the market growth over the forecast period, i.e., 2025-2037.

Europe Market Forecast

In addition to this, the European polyhydroxyalkanoate market is estimated to display notable market growth by the end of 2037. The major factors that contribute to the growth of the market in this region are the surge in the demand for PFA in terms of value and volume in several countries in the region, followed by the expanding governmental policies and initiatives to support the use of biodegradable plastics, along with increasing awareness in people regarding the environmental concern. Additionally, the increasing demand for premium packaging, and growing foreign exports are some more factors that are estimated to further propel the market growth during the projected time frame in the region.

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Author Credits:  Rajrani Baghel


  • Report ID: 4627
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of polyhydroxyalkanoate is estimated at USD 107.78 million.

The polyhydroxyalkanoate market size was over USD 99.65 million in 2024 and is projected to cross USD 351.68 million by the end of 2037, growing at more than 10.1% CAGR during the forecast period i.e., between 2025-2037. Adoption of PHAs in the pharmaceutical sector, worldwide spike in packaging industry, and rising government initiatives to reduce non-degradable wastes will drive the market growth.

Asia Pacific is anticipated to hold largest industry share by 2037, attributed to boom in the packaging and biomedical sectors, and the rising number of working people, that increases the demand for packaged foods and other ready-made products.

The major players in the market include Kaneka Corporation, Bio-on SpA, Danimer Scientific, Inc., TianAn Biologic Materials Co., Ltd., Bluepha Co, Ltd., PolyFerm Canada, Yield10 Bioscience, Inc., Full Cycle Bioplastics, Shenzhen Ecomann Biotechnology Co., Ltd., NEWLIGHT TECHNOLOGIES, INC.
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