Polyhydroxybutyrate Market Trends and Forecast
The future of the polyhydroxybutyrate market looks promising with opportunities in the food & beverage, pharmaceutical, agriculture, and automotive end use industries. The market is expected to reach an estimated $XX billion by 2027 with a CAGR of 18%-20% from 2021 to 2027. The growth drivers for this market are stringency in government regulation regarding plastic waste accumulation and degradation, growing consumer shift towards biodegradable and non-toxic products, increasing usage as a replacement of polyolefin commodities like polyethylene (PE) and polypropylene (PP), and excellent mechanical properties of high melting temperature, water resistance, and a high degree of crystallinity.
A total of 90 figures/charts and 70 tables are provided in this 180-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the polyhydroxybutyrate market report, then you should read this report.
Polyhydroxybutyrate Market by Segment
The study includes a forecast for the global polyhydroxybutyrate market by application, end use industry, and region as follows:
Polyhydroxybutyrate Market by Application [Value ($M) shipment analysis for 2016-2027]:
- Medical Devices
- Mulch Films
- Packaging
- Others
Polyhydroxybutyrate Market by End Use Industry [Value ($M) shipment analysis for 2016-2027]:
- Food & Beverage Industry
- Automotive Industry
- Pharmaceutical Industry
- Agriculture Industry
- Others
Polyhydroxybutyrate Market by Region [Value ($M) shipment analysis for 2016-2027]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Polyhydroxybutyrate Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polyhydroxybutyrate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyhydroxybutyrate companies profiled in this report include.
- BASF SE
- Biomer
- TianAnBiologic Materials Co., Ltd.
- PHB Industrial S.A.
- BIO-ON
- TEPHA INC.
- Telles, LLC
- Wacker Chemie AG
- Biome Technologies PLC
- Triveni Interchem Pvt Ltd.
Polyhydroxybutyrate Market Insight
The analyst forecasts that within the global polyhydroxybutyrate market, the packaging will remain the largest segment and witness highest growth due to increasing demand for biodegradable and eco-friendly products by the consumers in food and beverage packaging materials. These PHB exhibits non-toxicity and properties similar to their petrochemical counterparts, which further boost their increasing demand in packaging applications.North America is expected to remain the largest market due to the high demand for packaged foods and packing films considering the lifestyles and eating habits (fast food eating) of consumers in North America region and ban on the usage of toxic plastics for packing materials considering stringent regulation regarding non-biodegradable plastic waste disposal.
Features of Polyhydroxybutyrate Market
- Market Size Estimates: Polyhydroxybutyrate market size estimation in terms of value ($M) and volume (tons)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by application and end use industry.
- Regional Analysis: Polyhydroxybutyrate market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different application, end use industry, and regions for the polyhydroxybutyrate market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the polyhydroxybutyrate market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the polyhydroxybutyrate market size?Answer: The global polyhydroxybutyrate market is expected to reach an estimated $XX billion by 2027
Q2. What is the growth forecast for polyhydroxybutyrate market?
Answer: The polyhydroxybutyrate market is expected to grow at a CAGR of 18%-20% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the polyhydroxybutyrate market?
Answer: The major drivers for this market are stringency in government regulation regarding plastic waste accumulation and degradation, growing consumer shift towards biodegradable and non-toxic products, increasing usage as a replacement of polyolefin commodities like polyethylene (PE) and polypropylene (PP), and excellent mechanical properties of high melting temperature, water resistance, and a high degree of crystallinity.
Q4. What are the major applications or end use industries for polyhydroxybutyrate?
Answer: Major applications include medical devices, mulch films, packaging, and others.
Q5. Who are the key polyhydroxybutyrate companies?
Answer: Some of the key polyhydroxybutyrate companies are as follows:
- BASF SE
- Biomer
- TianAnBiologic Materials Co., Ltd.
- PHB Industrial S.A.
- BIO-ON
- TEPHA INC.
- Telles, LLC
- Wacker Chemie AG
- Biome Technologies PLC
- Triveni Interchem Pvt Ltd.
Answer: The analyst forecasts that packaging will remain the largest segment and witness highest growth due to increasing demand for biodegradable and eco-friendly products by the consumers in food and beverage packaging materials. These PHB exhibits non-toxicity and properties similar to their petrochemical counterparts which further boost their increasing demand in packaging applications.
Q7. In polyhydroxybutyrate market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region and witness the highest growth over next 5 years
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global polyhydroxybutyrate market by application (medical devices, mulch films, packaging, and others), end use industry (food & beverage industry, automotive industry, pharmaceutical industry, agriculture industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
This product will be updated with the latest data at the time of order. Consequently, dispatch time for this product will be 7-10 business days.
Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- BASF SE
- Biomer
- TianAnBiologic Materials Co., Ltd.
- PHB Industrial S.A.
- BIO-ON
- TEPHA INC.
- Telles, LLC
- Wacker Chemie AG
- Biome Technologies PLC
- Triveni Interchem Pvt Ltd.
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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