The Europe Polyhydroxyalkanoate (PHA) Market is projected to witness market growth of 14.5% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 9,568.3 kilo tonnes, showcasing a growth of 29.4% (2020-2024).
In the Polyhydroxyalkanoate (PHA) market, packaging and food services represent key sectors where PHA-based materials offer significant benefits as sustainable alternatives to traditional plastics. PHA polymers possess properties such as biodegradability, compostability, and barrier properties, making them well-suited for various packaging applications. Thus, the Germany market is expected to utilize 3,968.09 kilo tonnes of Polyhydroxyalkanoate in packaging and food services application by 2031.
The Germany market dominated the Europe Polyhydroxyalkanoate (PHA) Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $21.94 millions by 2031. UK market is exhibiting a CAGR of 13.5% during (2024 - 2031). Additionally, The France market is projected to experience a CAGR of 15.4% during (2024 - 2031).
Consumer goods companies increasingly use PHA-based packaging materials for various products, including cosmetics, personal care items, food, beverages, and household goods. PHA packaging offers the same functionality and performance as traditional plastics but is biodegradable and compostable.
Additionally, companies can use PHA-based packaging to differentiate their products while appealing to environmentally concerned consumers seeking sustainable and eco-friendly alternatives. Growing awareness of environmental issues, such as plastic pollution and climate change, has increased consumer demand for eco-friendly packaging solutions.
France is a leader in medical device innovation, strongly focusing on research and development. The industry encompasses various products, including diagnostic equipment, surgical instruments, implants, and medical supplies in France. With growing environmental concerns and regulatory pressure to reduce plastic waste, there is an increasing demand for sustainable materials in the medical device industry in France. PHAs are seen as environmentally friendly alternatives to conventional plastics, and their demand is rising in the medical device sector as companies seek to develop more sustainable products in France.
In the Polyhydroxyalkanoate (PHA) market, packaging and food services represent key sectors where PHA-based materials offer significant benefits as sustainable alternatives to traditional plastics. PHA polymers possess properties such as biodegradability, compostability, and barrier properties, making them well-suited for various packaging applications. Thus, the Germany market is expected to utilize 3,968.09 kilo tonnes of Polyhydroxyalkanoate in packaging and food services application by 2031.
The Germany market dominated the Europe Polyhydroxyalkanoate (PHA) Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $21.94 millions by 2031. UK market is exhibiting a CAGR of 13.5% during (2024 - 2031). Additionally, The France market is projected to experience a CAGR of 15.4% during (2024 - 2031).
Consumer goods companies increasingly use PHA-based packaging materials for various products, including cosmetics, personal care items, food, beverages, and household goods. PHA packaging offers the same functionality and performance as traditional plastics but is biodegradable and compostable.
Additionally, companies can use PHA-based packaging to differentiate their products while appealing to environmentally concerned consumers seeking sustainable and eco-friendly alternatives. Growing awareness of environmental issues, such as plastic pollution and climate change, has increased consumer demand for eco-friendly packaging solutions.
France is a leader in medical device innovation, strongly focusing on research and development. The industry encompasses various products, including diagnostic equipment, surgical instruments, implants, and medical supplies in France. With growing environmental concerns and regulatory pressure to reduce plastic waste, there is an increasing demand for sustainable materials in the medical device industry in France. PHAs are seen as environmentally friendly alternatives to conventional plastics, and their demand is rising in the medical device sector as companies seek to develop more sustainable products in France.
List of Key Companies Profiled
- RWDC Industries LLC
- Newlight Technologies, Inc.
- TianAn Biologic Materials Co., Ltd.
- Ecomann Biotechnology Co. Ltd.
- Danimer Scientific, Inc.
- Kaneka Corporation
- Bluepha Co., Ltd.
- TerraVerdae Bioworks Inc
- Beijing PhaBuilder Biotechnology Co., Ltd.
- Genecis Bioindustries Inc.
Market Report Segmentation
By Type (Volume, Tonnes, USD Million, 2030-2031)- Short Chain Length
- Medium Chain Length
- Sugar Fermentation
- Vegetable Oil Fermentation
- Methane Fermentation
- Packaging & Food Services
- Biomedical
- Agriculture
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Polyhydroxyalkanoate (PHA) Market by Type
Chapter 6. Europe Polyhydroxyalkanoate (PHA) Market by Production Method
Chapter 7. Europe Polyhydroxyalkanoate (PHA) Market by Application
Chapter 8. Europe Polyhydroxyalkanoate (PHA) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- RWDC Industries LLC
- Newlight Technologies, Inc.
- TianAn Biologic Materials Co., Ltd.
- Ecomann Biotechnology Co. Ltd.
- Danimer Scientific, Inc.
- Kaneka Corporation
- Bluepha Co., Ltd.
- TerraVerdae Bioworks Inc
- Beijing PhaBuilder Biotechnology Co., Ltd.
- Genecis Bioindustries Inc.
Methodology
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