Polyhydroxyalkanoates Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Polyhydroxyalkanoates Market Size accounted for USD 92.6 Million in 2022 and is estimated to achieve a market size of USD 324.7 Million by 2032 growing at a CAGR of 13.6 % from 2023 to 2032.

Polyhydroxyalkanoates Market Highlights

• Global polyhydroxyalkanoates market revenue is poised to garner USD 324.7 million by 2032 with a CAGR of 13.6% from 2023 to 2032
• Europe polyhydroxyalkanoates market value occupied around 35% market share 2022
• Asia Pacific polyhydroxyalkanoates market growth will record a CAGR of more than 14% from 2023 to 2032
• Among type, the short chain length sub-segment generated 59% market share in 2022
• Based on application, the packaging and food service sub-segment generated around 36% market share in 2022
• Based on the production method, vegetable oil fermentation sub-segment generated notable share in 2022.
• Growing demand for eco-friendly materials is a polyhydroxyalkanoates market trend fueling the demand

Polyhydroxyalkanoates (PHA) are a type of polyester formed in nature by various microorganisms, including through bacterial fermentation of lipids and sugars. They serve as both a carbon store and a source of energy when produced by bacteria. PHA is known for its sustainability, eco-friendliness, and biocompatibility, making it a versatile material used in diverse industries such as medicine, agriculture, packaging, and biofuels.

Global Polyhydroxyalkanoates Market Dynamics

Market Drivers

• Growing demand for eco-friendly materials
• Countries importance on green procurement practices
• Increasing anxiety about safety and human healthiness

Market Restraints

• High production charge
• Swift biodegradation of PHA
• Poor thermal properties

Market Opportunities

• Advancement in technology
• Encouraging governmental policies for biodegradable plastic
• Growing focus on sustainability

Polyhydroxyalkanoates Market Report Coverage

Polyhydroxyalkanoates Market Insights

Increasing anxiety about safety and human healthiness, boost the demand for PHA market in the forecast year. Conventional plastic contain toxic substances which poses the risk to human safety and health. Polyvinyl chloride (PVC) is the example behind it. Ulcer, genetic disorder, vision impairment, deafness, these are the numerous health disorder associated with the polyvinyl chloride (PVC). This should be temporary and permanent kind of disorder. Furthermore, accomplishment of government regulations and growing consumer awareness boost the demand for inventive product that gives importance to the human safety and health. So, due to this concern regarding to the conventional plastic people moves towards biological alternatives such as PHA. Moreover, Countries importance on green procurement practices will also drives the market.

Additionally, high production cost is the major restrain for the PHA market. PHA requires the high cost charge as compared to the conventional plastic. For instance, 20% to 80% of cost charge require for the invention of biodegradable plastic. Firstly, polymerization process is the most important reason behind the high cost of the PHA. As compared to petrochemical alternatives number of process are still in progress because of limited commercialization so it’s complex to complete economic phase. Furthermore, swift biodegradation of PHA and poor thermal properties are also impede the markets growth.

Additionally, advancement in technology is became an opportunity in the PHA market. For instance, the Court of Bologna certified GRUPPO MAIP's application meant for a bankruptcy solution including the acquisition of all Bio-On assets in March 2023. The MAIP Group's five-year strategy aims to swiftly reintroduce Bio-On's groundbreaking PHA production technology, unmatched globally from 2008 to 2019. This innovative technology utilizes agricultural waste and by products, that are beet, glycerol from biodiesel and sugar cane. Additionally, growing focus on sustainability and encouraging governmental policies for biodegradable plastic are also became an opportunity in PHA market.

Polyhydroxyalkanoates Market Segmentation

The worldwide market for polyhydroxyalkanoates is split based on type, application, production method, and geography.

Polyhydroxyalkanoates (PHA) Market By Type

• Short Chain Length
• Medium Chain Length

According to polyhydroxyalkanoates (PHA) industry analysis, based on the types, the market is segmented into short chain length and medium chain length. Short chain length dominate the market. PHA can be divided into medium chain length and short chain length on the basis of number of carbon atom in the monomer. P3HB, PHV and PHB are some of the examples of the PHA monomers. By the use of medium chain length and short chain length thesemonomers form the different structures. Additionally, mechanical and thermal propeties are developed by this structure of monomers. Biomedical uses and environment friendly pacakaging are the applications of these monomers. Furthermore, TianAN biologics materials is the major manufacturer for short chain length PHA in Europe.

Polyhydroxyalkanoates (PHA) Market By Application

• Packaging and Food Services
• Biomedical
• Agriculture
• Others

According to polyhydroxyalkanoates (PHA) industry analysis, based on the application, the market is segmented into packaging and food services, biomedical, agriculture and others. Packaging and food services dominate the market. PHA are used in the packaging and food services applications. Its used in the films, sheets, bags, disposable spoon, and forks. Growing demand for biodegradable plastics with the government initiative of different countries are projected to rise the insist for PHA in pacakaging and food services application. In the manufacturing industry, this segment contain diverse of applications. The pacaging industry is witnessing the tough expansion due to the growing industrial invention and increasing of manufacturing units. Additionally, growing food and beverages industry and e-retailers business are further boost the pacakaging requirements. Overall, due to these diverse applications pacakaging and food services dominate the market.

Polyhydroxyalkanoates (PHA) Market By Production Method

• Sugar Fermentation
• Vegetable Oil Fermentation
• Heterogeneous waste system
• Others

According to the polyhydroxyalkanoates (PHA) industry analysis, the market is segmented based on production methods into sugar fermentation, vegetable oil fermentation, heterogeneous waste systems, and others. Vegetable oil fermentation dominates the global PHA market. Polyester is obtained from bacteria during industrial processes through improved fermentation of sugars and glucose. In the fermentation process, carbohydrates serve as raw materials, along with vegetable oil and glycerin. Vegetable oil is a vital raw material used in PHA production; for instance, the USA produces 10 million tons of vegetable oil annually.

Polyhydroxyalkanoates Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Polyhydroxyalkanoates Market Regional Analysis

In terms of polyhydroxyalkanoates market analysis, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The European region is expected to dominate the market in the forecast year, with countries like Germany, the U.K., and France leading the way. For example, increasing foreign exports and the rise in domestic e-commerce further propel the growth of the packaging industry in Germany. Additionally, the growing importance of packaged food and beverages in Germany is boosting demand. Furthermore, the food industry in France contributes to 43% of packaging design innovation compared to other industries. In France, the food manufacturing business represents about 20% of French industrialization. In the United States, there is increasing demand for premium packaging and smaller sizes from the food and beverages sector. Key players in this region, such as BASF SE, play a pivotal role in the market. For instance, the acquisition of Solvay’s polyamide businesses by BASF SE, which was stopped on January 31, 2020, has expanded the market in South and North America, as well as Asia. This acquisition involves eight production sites in China, India, France, Germany, South Korea, Mexico, and Brazil. Additionally, countries in this region offering environmentally friendly packaging are automatically propelling the demand for PHA in the packaging industry. Furthermore, Asia Pacific is the fastest-growing region in the PHA market. Countries like China, India, and Japan have robust key players due to their research and development regions, experiencing significant growth in the forecast year.

Polyhydroxyalkanoates Market Players

Some of the top polyhydroxyalkanoates (PHA) companies offered in our report includes BASF SE, Shenzhen Ecomann Biotechnology Co, Ltd, Biome Technologies PLC, Kaneka Corporation, Polyferm, Inc, Tianjin GreenBio Materials Co., Full Cycle Bioplastics, Cardia Bioplastics, BIO ON, and New Light Technologies LLC.