The North America Polyhydroxyalkanoate (PHA) Market is projected to witness market growth of 14.9% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 5,735.4 tonnes, showcasing a growth of 29.8% (2020-2023).
In the Polyhydroxyalkanoate (PHA) market, short-chain length PHAs (scl-PHAs) play a significant role due to their unique properties and versatile applications. Scl-PHAs are characterized by their shorter molecular chains, which contribute to their distinct physical and mechanical properties compared to their long-chain counterparts. Thus, the Canada market is expected to utilize 3,476.2 tonnes of short-chain length PHAs.
The US market dominated the North America Polyhydroxyalkanoate (PHA) Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $60.50 millions by 2031. The Canada market is experiencing a CAGR of 17.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16.3% during (2024 - 2031).
Biodegradable plastics, known as polyhydroxyalkonates (PHA), are produced when microorganisms digest glucose or sugar. PHA has been used in food, packaging, tissue engineering, orthopedic applications, fixation, bioplastic manufacturing, and agriculture.
Additionally, food, beverages, and personal care products are among the many products that can be packaged using PHA-based films and bags. They offer functionality and performance like traditional plastics but are biodegradable and compostable, reducing environmental impact.
Increasing consumer awareness about environmental issues drives demand for sustainable packaging solutions in Canada's food service industry. Food service establishments can demonstrate their commitment to environmental sustainability by using PHA-based packaging and food service ware, enhancing their brand image and reputation in Canada. Consumers in Canada are becoming increasingly aware of environmental issues such as plastic pollution and climate change, leading to a rising demand for eco-friendly products. Canadian consumers have a growing preference for foodservice products made from renewable and biodegradable materials, including PHAs.
In the Polyhydroxyalkanoate (PHA) market, short-chain length PHAs (scl-PHAs) play a significant role due to their unique properties and versatile applications. Scl-PHAs are characterized by their shorter molecular chains, which contribute to their distinct physical and mechanical properties compared to their long-chain counterparts. Thus, the Canada market is expected to utilize 3,476.2 tonnes of short-chain length PHAs.
The US market dominated the North America Polyhydroxyalkanoate (PHA) Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $60.50 millions by 2031. The Canada market is experiencing a CAGR of 17.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16.3% during (2024 - 2031).
Biodegradable plastics, known as polyhydroxyalkonates (PHA), are produced when microorganisms digest glucose or sugar. PHA has been used in food, packaging, tissue engineering, orthopedic applications, fixation, bioplastic manufacturing, and agriculture.
Additionally, food, beverages, and personal care products are among the many products that can be packaged using PHA-based films and bags. They offer functionality and performance like traditional plastics but are biodegradable and compostable, reducing environmental impact.
Increasing consumer awareness about environmental issues drives demand for sustainable packaging solutions in Canada's food service industry. Food service establishments can demonstrate their commitment to environmental sustainability by using PHA-based packaging and food service ware, enhancing their brand image and reputation in Canada. Consumers in Canada are becoming increasingly aware of environmental issues such as plastic pollution and climate change, leading to a rising demand for eco-friendly products. Canadian consumers have a growing preference for foodservice products made from renewable and biodegradable materials, including PHAs.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Polyhydroxyalkanoate (PHA) Market by Type
Chapter 6. North America Polyhydroxyalkanoate (PHA) Market by Production Method
Chapter 7. North America Polyhydroxyalkanoate (PHA) Market by Application
Chapter 8. North America 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
LOADING...
