The Global report on “Polyhydroxyalkanoate (PHA) Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample Research Copy @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=239188
“Replacement of conventional plastics with PHA, especially in the packaging industry”
The polyhydroxyalkanoate (PHA) market size is estimated to be USD 62 million in 2020 and is projected to reach USD 121 million by 2025, at a CAGR of 14.2% between 2020 and 2025. Factors such as stringent environmental laws and customer awareness will drive the polyhydroxyalkanoate (PHA) market. The major restraints for the market will be higher price of PHA as compared to the conventional polymers and performance issues related to its properties. However, the increasing scope in end-use segments and emergence of new raw materials will act as an opportunity for the market.
“Short chain length is the largest type for polyhydroxyalkanoate (PHA) in 2019”
Monomers can form various crystalline structures, such as short chain length monomers and medium chain length monomers .Short chain lengthPHA monomers consist of not more than four to ten carbon atoms. Some of the short chain length PHA monomers include Polyhydroxybutyrate (PHB), Poly-3-hydroxybutyrate (P3HB), and Polyhydroxyvalerate (PHV). The structure determines the thermal and mechanical properties of the monomers, making them suitable for the use in diversified applications, for instance, environmental-friendly plastics, for packaging and biomedical. PHA monomers can also be used to produce biofuels. The applications best suited for short chain length PHAs, such as packaging materials and carry bags.
“Sugar fermentation is estimated to be the largest production method in polyhydroxyalkanoate (PHA) market between 2020 and 2025.”
Based on the production method, the polyhydroxyalkanoate (PHA) market has been segmented into as vegetable oil fermentation, sugar fermentation, and methane fermentation. The demand for polyhydroxyalkanoate (PHA) in this segment is mainly driven by the abundance of sugar source found in sugarcane, beet, molasses, and bagasse which can be easily consumed and converted by bacteria to produce PHA. The market in sugar fermentation is projected to witness a higher CAGR in the forecasted year because of its abundance in sugar sources.
“Packaging and food services industry is projected to account for the largest share of the polyhydroxyalkanoate (PHA) market between 2020 and 2025.”
The packaging & food services segment is the biggest source of plastic waste in the world. Through the ecosystem the petroleum based plastic gets into the food chain which causes toxicity in the environment. It takes around thousands and thousands years to degrade. Therefore to curb this problem biodegradable plastics comes to the rescue. These biodegradable plastics degrade within 180 days in the soil. These are used in many industries such as packaging and food services, biomedical, agricultures and others .PHA plays a key role in the packaging and food services industry. The demand for PHA in this segment is expected to increase because of its increasing use in several articles, including cups, lids, food containers, and other food service products. The rising environmental concerns, along with waste management issues are the key drivers of this segment.
“Europe is expected to be the largest polyhydroxyalkanoate (PHA) market during the forecast period, in terms of value and volume.”
Europe is projected to be the largest market for the polyhydroxyalkanoate (PHA) during the forecast period. Europe is the most promising market for bioplastics and related industries, including PHA. The European market is mostly driven by government regulations and a change in consumer behavior. The Europe market is segmented into Germany, France, Italy, UK and Rest of Europe. The Rest of Europe includes, Spain, Poland, the Czech Republic, Romania, the Benelux countries, and the Scandinavian countries.
The strict governmental law against single use plastic and increasing concerns over human health and safety are the key driving factors responsible for the market growth in the European region. The need for environment-friendly products is driving innovation in the bioplastics industry in this region. The packaging and food services industry demands single use plastics and sustainable packaging. This increases the need for bioplastics, which in turn drives the market for polyhydroxyalkanoate (PHA). Moreover there are a large number of PHA manufacturers in European region which has a huge domestic market in the region, giving this the largest market share.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
- By Company Type: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
- By Designation: C-Level – 21%, Director Level – 23%, and Others – 56%
- By Region: North America – 30%, Europe – 18%, APAC – 41%, Rest of the World- 11%,
The key market players profiled in the report include Danimer Scientific (US), Shenzhen Ecomann Biotechnology Co Ltd (China), Kaneka Corporation (Japan), RWDC Industries (Singapore), Newlight Technologies LLC (US), Bio-On (Italy), Tianan Biologic Materials Co Ltd (China), Biomer (Germany), and Bochemie (Czech Republic).
This report segments the market for polyhydroxyalkanoate (PHA) on the basis of type, production method, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for polyhydroxyalkanoate (PHA).
Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the polyhydroxyalkanoate (PHA) market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on polyhydroxyalkanoate (PHA)offered by top players in the global polyhydroxyalkanoate (PHA) market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the polyhydroxyalkanoate (PHA)market
- Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for polyhydroxyalkanoate (PHA)across regions
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global polyhydroxyalkanoate (PHA) market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the polyhydroxyalkanoate (PHA) market
- Impact of COVID-19 on Polyhydroxyalkanoate (PHA) Market
More information about Discount offers (20% or More) @ https://www.reportsnreports.com/contacts/discount.aspx?name=239188
About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.
We provide 24/7 online and offline support to our customers.
E-mail: [email protected]
Phone: +1 888 391 5441