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:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
· Market Dimensions & Projections
· Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
|
Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 25 hours of the payment being successfully received, the report will be sent to your email address. |
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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About MarkNtel Advisors:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.
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