The Global Polyhydroxyalkanoate (PHA) Market size is expected to reach $276.1 Million by 2031, rising at a market growth of 15.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 38,867.1 tonnes, experiencing a growth of 29.9% (2020-2023).
Consumers in Europe are increasingly aware of environmental issues such as plastic pollution and climate change, leading to a rising demand for eco-friendly products. In Europe, consumers actively seek out goods created from renewable and biodegradable materials, including PHAs, in various industries, including consumer goods, food services, and packaging. Thus, the Europe region acquired 37% revenue share in the market 2023. In terms of volume the Europe region is expected to utilize 39,685.2 tonnes of polyhydroxyalkanoate by 2031.
PHAs can produce biodegradable and compostable packaging materials like films, bags, and containers. These products offer an eco-friendly alternative to traditional plastics and help reduce plastic pollution in landfills and oceans.
Additionally, the use of agricultural residues, such as corn stover, wheat straw, and sugarcane bagasse, provides a cost-effective and sustainable feedstock for PHA production. These abundant materials do not compete with food production, making them an attractive option for biopolymer manufacturing.
However, PHA products often have higher prices than conventional plastics due to their high production costs. This price differential can make PHA less competitive in the marketplace, especially in price-sensitive industries. Thus, high production costs can slow down the growth of the polyhydroxyalkanoate (PHA) market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Consumers in Europe are increasingly aware of environmental issues such as plastic pollution and climate change, leading to a rising demand for eco-friendly products. In Europe, consumers actively seek out goods created from renewable and biodegradable materials, including PHAs, in various industries, including consumer goods, food services, and packaging. Thus, the Europe region acquired 37% revenue share in the market 2023. In terms of volume the Europe region is expected to utilize 39,685.2 tonnes of polyhydroxyalkanoate by 2031.
PHAs can produce biodegradable and compostable packaging materials like films, bags, and containers. These products offer an eco-friendly alternative to traditional plastics and help reduce plastic pollution in landfills and oceans.
Additionally, the use of agricultural residues, such as corn stover, wheat straw, and sugarcane bagasse, provides a cost-effective and sustainable feedstock for PHA production. These abundant materials do not compete with food production, making them an attractive option for biopolymer manufacturing.
However, PHA products often have higher prices than conventional plastics due to their high production costs. This price differential can make PHA less competitive in the marketplace, especially in price-sensitive industries. Thus, high production costs can slow down the growth of the polyhydroxyalkanoate (PHA) market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Driving and Restraining Factors
Drivers- Rising demand for innovative waste management solutions
- Expansion of bio-based feedstock sources
- Increasing medical and healthcare industry
- High production costs of PHA
- Significant regulatory compliance challenges
- Rising public awareness and education
- Technological advancements and innovations
- Infrastructure and supply chain challenges
- Risk of contamination and impurities
Application Outlook
On the basis of application, the market is divided into packaging & food services, biomedical, agriculture, and others. In 2023, the packaging & food services segment dominated the market with 48% revenue share. Forks, spoons, knives, and stirrers for use in restaurants, cafeterias, and fast-food chains. In terms of volume 56,194.0 tonnes of polyhydroxyalkanoate are expected to be utilized in packaging & food services by 2031.
Type Outlook
By type, the market is categorized into short chain length and medium chain length. In 2023, the short chain length segment held 68% revenue share in the market. In the terms of volume 81,440.0 kilo tonnes of the short chain length polyhydroxyalkanoate is expected to utilize by 2031. Short chain length (scl) PHAs are used in single-use packaging materials such as disposable cups, plates, utensils, and food containers.Production Method Outlook
Based on production methods, the market is classified into sugar fermentation, vegetable oil fermentation, methane fermentation. The vegetable oil fermentation segment acquired 34% revenue share in the market in 2023. In terms of volume 37,079.1 kilo tonnes of polyhydroxyalkanoate is expected to be utilized in vegetable oil fermentation production method. Vegetable oils are renewable resources derived from plants, lowering the reliance on finite fossil fuel resources for PHA production.Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region acquired 25% revenue share in the market. In terms of volume the Asia Pacific region is expected to utilize 29,118.7 tonnes of polyhydroxyalkanoate by 2031. Consumers in the region are becoming increasingly aware of environmental issues such as plastic pollution and climate change, leading to an increasing demand for eco-friendly products.Recent Strategies Deployed in the Market
- Jun-2024: Beijing PhaBuilder Biotechnology Co. teamed up with Solenis, a global specialty chemicals company, to advance polyhydroxyalkanoate (PHA)-based technology specifically for the paper packaging market. This collaboration aims to enhance and develop innovative solutions that utilize PHA, contributing to advancements in sustainable packaging materials.
- Mar-2024: Bluepha teamed up with TotalEnergies Corbion, a joint venture between TotalEnergies, and Corbion, to innovate sustainable fibers using Luminy® PLA and Bluepha® PHA. This collaboration seeks to advance the utilization and development of Polylactic Acid (PLA) and Polyhydroxyalkanoates (PHA) products specifically within the Chinese market.
- Jan-2024: Beijing PhaBuilder Biotechnology Co., Ltd. joined hands with Shenzhen Esun Industrial Co., Ltd., known by its brand"eSUN," a prominent company specializing in the manufacturing and development of innovative materials for various industries, to advance the application of Poly polylactic acid (PLA) and polyhydroxyalkanoate (PHA) materials. The goal is to foster innovation in materials and technology, thereby promoting sustainable development across industries such as 3D printing, fiber textiles, packaging, and healthcare.
- Sep-2023: RWDC Industries formed a partnership with Lummus Technology, a worldwide leader in process technologies and sustainable energy solutions. This partnership aims to accelerate the production and global licensing of polyhydroxyalkanoates (PHA). The collaboration between Lummus and RWDC marks a significant step forward in expanding access to natural materials, ensuring the conservation of resources and our environment for future generations.
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
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. Global Polyhydroxyalkanoate (PHA) Market by Type
Chapter 6. Global Polyhydroxyalkanoate (PHA) Market by Production Method
Chapter 7. Global Polyhydroxyalkanoate (PHA) Market by Application
Chapter 8. Global Polyhydroxyalkanoate (PHA) Market by Region
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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