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Polyhydroxyalkanoate Market Size
The global polyhydroxyalkanoate market size 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. Emerging trends in the industry include a growing emphasis on sustainable and biodegradable plastics, driven by environmental concerns and regulatory changes.
PHA, as a biopolymer, is gaining traction as an eco-friendly alternative to conventional plastics, finding applications in packaging, agriculture, and medical industries. Additionally, advancements in PHA production technologies, such as microbial fermentation and genetic engineering, are making PHA production more cost-effective and scalable.
Polyhydroxyalkanoate Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2024 |
|---|
| Polyhydroxyalkanoate Market Size in 2024: | USD 123.5 Million |
|---|
| Forecast Period: | 2025 – 2034 |
|---|
| Forecast Period 2025 – 2034 CAGR: | 8.9% |
|---|
| 2025 – 2034 Value Projection: | USD 298.3 Million |
|---|
| Historical Data for: | 2021 – 2024 |
|---|
| No. of Pages: | 250 |
|---|
| Tables, Charts & Figures: | 320 |
| Segments covered: | By Product, PHA Type, Production Methods, Application |
|---|
| Growth Drivers: | - Positive outlook for biodegradable plastics in the food & beverage packaging industry
- Enhanced focus on environmental concerns is likely to propel the demand for biodegradable plastic usage
- Supportive government regulations for biodegradable plastics
|
|---|
| Pitfalls & Challenges: | - The high production cost and poor thermal properties has weakened the growth of the polyhydroxyalkanoate (PHA) industry
|
|---|
