The global polyhydroxyalkanoates market size was estimated at USD 650.66 million in 2023 and is projected to grow at a CAGR of 9.35% from 2024 to 2030. Rising non-biodegradable plastic pollution globally is increasing the threat of various ill effects caused by this pollution leading to a surge in the demand for sustainable actions to effectively manage plastic pollution driving the demand for polyhydroxyalkanoates (PHA).

The market is experiencing growing interest due to the global shift toward sustainability and eco-friendly alternatives. With increasing regulations on single-use plastics and heightened consumer awareness about environmental pollution, industries are exploring biodegradable solutions like PHAs. As a result, there has been a noticeable increase in R&D investment, particularly in improving the production efficiency and cost-effectiveness of PHA materials. The integration of PHAs in sectors such as packaging, agriculture, and biomedical applications is becoming more widespread, reflecting the market’s adaptation to the growing demand for green alternatives.

Gather more insights about the market drivers, restrains and growth of the Polyhydroxyalkanoates Market

Key Polyhydroxyalkanoates Company Insights

The market is highly competitive, with several key players dominating the landscape. Major companies include Danimer Scientific, TianAn Biologic Materials Co., Ltd., Kaneka Corporation, P&G Chemicals, Tepha, Inc., Newlight Technologies LLC, Bio-on S.p.A., Yield10 Bioscience, Inc., PHB Industrial S.A, and TianAn Biologic Materials Co., Ltd. The market is characterized by a competitive landscape with several key players driving innovation and market growth. Major companies in this sector are investing heavily in research and development to enhance the performance, cost-effectiveness, and sustainability of their products.

Recent Developments

• In February 2024, Bluepha, a producer of PHA based in China, announced a partnership with Helian Polymers, a Dutch company specializing in biobased and biodegradable materials. This collaboration aims to develop a new PHA-based building block that can serve as a drop-in replacement for traditional petrochemical plastics across various applications

• In September 2023, Lummus Technology and RWDC Industries announced a new agreement aimed at increasing the production and global availability of PHA, to meet the rising demand from different industries

• In May 2023, Trinseo and RWDC Industries announced a partnership aimed at developing sustainable packaging solutions using PHA dispersion technology. This collaboration focuses on creating water-based barrier coatings for paper and board packaging that are recyclable, compostable, and biodegradable, addressing the growing demand for eco-friendly alternatives to non-recyclable materials like polyethylene laminates 

Global Polyhydroxyalkanoates Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global polyhydroxyalkanoates market report based on type, end-use, and region:

Type Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• Short Chain Length

• Medium Chain Length

• Long Chain Length

End-use Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• Packaging

• Agriculture

• Textiles

• Consumer Goods

• Others

Regional Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o South Korea

o Thailand

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

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