Home > Chemicals & Materials > Polymers > Industrial Polymers > Polyhydroxyalkanoate (PHA) Market

Polyhydroxyalkanoate (PHA) Market Trends

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

Download Free Sample

Polyhydroxyalkanoate Market Trends

Current trends in the industry include a heightened focus on sustainability and circular economy principles, driving the demand for biodegradable plastics like PHA in packaging, agriculture, and single-use products. Research and development efforts are also expanding to enhance PHA's properties, making it more versatile and suitable for various applications. Collaborations and partnerships among industry players and research institutions are fostering innovation in PHA production methods, aiming to reduce costs and increase scalability.

The market is growing due to increasing demand for biodegradable plastics in packaging, agriculture, and medical applications. Environmental concerns and stringent regulations on single-use plastics are driving the shift towards sustainable materials like PHA. Technological advancements in PHA production, along with investments in bio-based products, are boosting market expansion. However, high production costs and limited availability of raw materials may challenge broader adoption. As industries focus on reducing carbon footprints, PHA's role as an eco-friendly alternative is expected to grow.

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.