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Polyhydroxyalkanoate Market Size 2025 Comprehensive Study Explores Huge Growth In Future

Author : Ronak Bora | Published Date : 2019-06-06 

The Global Polyhydroxyalkanoate Market Report 2019-2025 analyzes the important factors of this market based on present industry situations, market demands, business strategies utilized by the market players and their growth synopsis. This report divides based on the key players, type, application and regions are mentioned below.

Polyhydroxyalkanoate Market size is growing at a healthy CAGR over the coming years. Growing demand for eco-friendly products will significantly boost the market growth till the end of the forecast period. Polyhydroxyalkanoate is a natural form of polyester which is derived from bacterial fermentation. Due to its sustainability, biodegradable and bio-based nature makes it a preferable choice across wide-ranging applications such as packaging, medical, agricultural, and several other end-user.

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Tightening regulations to replace synthetic plastic-based packaging materials with bio-based packaging materials has become a major factor, which creates a notable contribution to the growth of polyhydroxyalkanoate market size during the forecast timespan. Synthetic plastic packaging materials are non-biodegradable in nature and are likely to get replaced with bio-based packaging materials with the stringent environmental laws. Additionally, this product has been witnessing a wide acceptance from medical applications owing to its bio-compatibility, which in turn would help in generating a significant market gains over the projected timespan. 

By form, the global polyhydroxyalkanoate market has been segmented into copolymerized PHA and linear PHA. Copolymerized PHA is likely to contribute a major chunk of the overall polyhydroxyalkanoate market size in the coming years. This is primarily due to its cost effectiveness, compared to PHA monomers, which will help to boost the product demand soon. Aeromonas hydrophila and Thiococcus pfennigii are the two types of bacteria which are used to synthesize copolymerized polyhydroxyalkanoate in combination with hydroxy fatty acids.

Based on application, the polyhydroxyalkanoate market size has been segmented into packaging, bio-medical, food, agriculture and others which includes consumer goods and electronics. Packaging segment contributed a considerable chunk of the overall polyhydroxyalkanoate industry size in 2016. This is primarily due to the superior product properties including biodegradability, thermal instability, water insoluble, UV resistance, non-toxic nature, etc.

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North America polyhydroxyalkanoate market is likely to witness significant gains in the coming years, due to stringent regulations imposed by regional regulatory bodies for consuming bio-based packaging materials. For instance, EPA has put strict laws on reducing toxic waste material to conserve the environment. Additionally, major players in the U.S. medical industry are making significant investments in developing bio-compatible materials for healthcare applications such as drug deliveries, implants, and others which will further facilitate the growing product demand over the coming years.

Major market share contributors are Kaneka Corporation, Meredian Holdings Group, Inc., Newlight Technologies, LLC, PolyFerm Canada, Inc., Metabolix Inc., Shenzhen Ecomann Biotechnology Co., Ltd., Bio-On Srl, Tianjin GreenBio Materials Co., Ltd. and TianAn Biological Materials Co. Ltd. Most of these players are making significant investment to form strategic alliances to gain competitive advantage over their competitors. For instance, Meridian, a biopolymer manufacturer merged with DaniMer Scientific LLC under a holding company called Meredian Holdings Group Inc. to blend PHA with poly lactic acid.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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