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Polyhydroxyalkanoate (PHA) Market Share

Report ID: GMI5355
Published Date: Nov 2024
Report Format: PDF

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Polyhydroxyalkanoate Market Share

In the PHA market, companies like Bio-on SpA and Danimer Scientific are focusing on scaling up production capabilities to meet the growing demand for biodegradable plastics. These companies are working on expanding their product portfolios and optimizing production processes to reduce costs and increase efficiency. Strategic partnerships and collaborations with packaging and consumer goods companies are common, aimed at integrating PHA into mainstream products.

CjBio, Full Cycle Bioplastics, and Bluepha are focusing on diversifying the applications of PHA in sectors such as agriculture, textiles, and medical devices. These companies are also exploring new feedstocks for PHA production to reduce dependency on traditional sources and enhance sustainability. With growing environmental regulations, they are positioning their PHA products to cater to industries seeking alternatives to conventional plastics.

Polyhydroxyalkanoate Market Companies

Major players operating in the polyhydroxyalkanoate industry are:

Bio-on SpA
Bluepha
CjBio
Danimer Scientific
Full Cycle Bioplastics
Kaneka Corporation
Newlight Technologies
Paques Biomaterials
RWDC
Tianan Enmat

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global polyhydroxyalkanoate industry was valued at USD 123.5 million in 2024 and is estimated to grow at a CAGR of over 8.9% from 2025 to 2034, driven by the increasing emphasis on sustainable and biodegradable plastics.

Short chain length PHAs generated USD 73.4 million in revenue in 2024 and are expected to reach USD 175.2 million by 2034 due to their favorable material properties, such as higher crystallinity and melting temperature, making them suitable for various applications.

The U.S. polyhydroxyalkanoate market was valued at USD 28.1 million in 2024, driven by robust research and development efforts, supportive government policies, and a strong focus on sustainability.

Key players in the industry include Bio-on SpA, Bluepha, CjBio, Danimer Scientific, Full Cycle Bioplastics, Kaneka Corporation, Newlight Technologies, and Paques Biomaterials.