Polyhydroxyalkanoates, also called as PHAs are a various group of biodegradable polyesters which have been synthesized through both biological and non-biological ways. Polyhydroxyalkanoates, generally abbreviated as PHA's, are compounds which belong to the category of polyesters made from renewable resources such as corn starch or sugar cane bagasse. These organic materials can be turned into useful products such as fuels and plastics as they produce long hydrocarbon chains with various mechanical properties for different applications. The global polyhydroxyalkanoate (PHAs) market is accelerated by tightening regulations by several governments across the world to replace synthetic plastic-based packaging materials with bio-based packaging materials. Rising acceptance of polyhydroxyalkanoate (PHAs) for various medical applications owing to its biocompatibility properties fuels the product's market in recent times. Moreover, the government policies in several regions on the procurement of renewable and eco-friendly products (green products) are a significant factor propelling the demand for biodegradable and sustainable plastics based on PHA. Thus, synthetic plastic packaging materials are naturally non-biodegradable and are expected to be substituted by bio-based packaging materials under strict environmental legislation. Furthermore, the growing consumption of products such as bio-control agents, drug carrier tissues, biodegradable implants for engineering, memory enhancers and anti-cancer agents would further foster the demand for polyhydroxyalkanoate in the coming years. Robust growth in the research and development investments in the medical industry and increased acceptance from medical applications owing to its bio-compatibility has led to the rising development of bio-compatible materials, further compelling the polyhydroxyalkanoate market size in the forecast years. Commonly, the polyhydroxyalkanoate available were not targeted for use as medical implants and hence lacked the consistency which the Drug Administrators could accept. However, higher price compared to traditional polymers will hamper the market growth.

The requirement is to produce high purity PHAs, make scaffolds, check their in vivo biodegradation, and alter their surface. Therefore several companies invested in PHAs studies to contribute to tissue engineering, to enhance tissue products for medical and therapeutic applications with need modifications such as vascular grafts, heart valves, nerve tissue engineering, others. Hence increasing advancements in medical studies are projected to fuel the polyhydroxyalkanoate market in the coming future. Moreover, the raw materials from non-food items or waste residues for polyhydroxyalkanoate production are a key opportunity for biodegradable plastics production which includes polyhydroxyalkanoate globally. This is owing to the rising demand for cereals, such as wheat, barley, maize and other cereals for food, animal feed, and bio-fuels globally.

The global Polyhydroxyalkanoate (PHA) Market is segregated on the basis of Type as Short Chain Length and Medium Chain Length. Based on Production Method the global Polyhydroxyalkanoate (PHA) Market is segmented in Sugar Fermentation, Vegetable Oil Fermentation and Methane Fermentation. Based on Application the global Polyhydroxyalkanoate (PHA) Market is segmented in Packaging & Food services, Biomedical, Agriculture and Others.

The global Polyhydroxyalkanoate (PHA) Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Polyhydroxyalkanoate (PHA) Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Bio-On Srl, Meredian Holdings Group, Inc., Shenzhen Ecomann Biotechnology Co., Ltd., Newlight Technologies, Llc, Bioamber, Inc. and others are among the major players in the global Polyhydroxyalkanoate (PHA) Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain. 

• In June 2019, Mango Materials, a start-up company in California, manufactures biodegradable plastics which are economically competitive with conventional petroleum-based plastics from waste biogas (methane). Mango Materials uses excess methane gas from wastewater treatment plants or landfills to produce polyhydroxyalkanoate (PHA) pellets. A useful polymer transformed into a range of eco-friendly plastic items such as child toys, water bottles, computer casings, and food packaging containers with high-margin or high volume.
• In January, 2020, BASF SE completed the acquisition of Solvay’s polyamide business (PA 6.6). The acquisition help the company expand its market in Asia as well as North and South America. The acquisition among BASF SE and Solvay included eight production sites in Germany, France, China, India, South Korea, Brazil, and Mexico. It also supported BASF SE establish research and development centers in Asia and the Americas.
• The global Polyhydroxyalkanoate (PHA) Market has been segmented as below:

Polyhydroxyalkanoate (PHA) Market, By Type

• Short Chain Length
• Medium Chain Length

Polyhydroxyalkanoate (PHA) Market, By Production Method

• Sugar Fermentation
• Vegetable Oil Fermentation
• Methane Fermentation

Polyhydroxyalkanoate (PHA) Market, By Application

• Packaging & Food services
• Biomedical
• Agriculture
• Others

Polyhydroxyalkanoate (PHA) Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Polyhydroxyalkanoate (PHA) Market, By Company

• Bio-On Srl
• Meredian Holdings Group, Inc.
• Shenzhen Ecomann Biotechnology Co., Ltd.
• Newlight Technologies, Llc
• Bioamber, Inc.
• Biomatera
• Dupont Tate & Lyle Bio Products Company, Llc
• Biome Bioplastics Ltd.
• Biomer
• BluePHA Co., Ltd.
• Cardia Bioplastics Ltd.
• CJ Cheiljedang Corp.
• Dayglo Color Corp.
• Full Cycle Bioplastics
• Kaneka Corporation
• Metabolix, Inc.
• Phb Industrial S.A.
• Polyferm Canada, Inc.
• Procter & Gamble Co.
• TePHA, Inc.
• Tianan Biologic Materials Co., Ltd,
• Tianjin Greenbio Materials Co., Ltd.

The report covers the below scope:

• Global Polyhydroxyalkanoate (PHA) Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Polyhydroxyalkanoate (PHA) Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Polyhydroxyalkanoate (PHA) Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Polyhydroxyalkanoate (PHA) Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Polyhydroxyalkanoate (PHA) Market share. Major industry players with significant revenue share include Bio-On Srl, Meredian Holdings Group, Inc., Shenzhen Ecomann Biotechnology Co., Ltd., Newlight Technologies, Llc, Bioamber, Inc. and others.

Why to Buy this Report:

• Gain detailed insights on the Polyhydroxyalkanoate (PHA) industry trends
• Find complete analysis on the market status
• Identify the Polyhydroxyalkanoate (PHA) Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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