A recent report published by Infinium Global Research on
polyhydroxyalkanoate market provides in-depth analysis of segments and
sub-segments in the global as well as regional polyhydroxyalkanoate market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional polyhydroxyalkanoate market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global polyhydroxyalkanoate market. According to
the report, the global polyhydroxyalkanoate market is projected to grow at a
CAGR of 11% over the forecast period of 2019-2025.
Polyhydroxyalkanoates are biodegradable plastics which are
made by microbial fermentation of glucose or sugar. It is used in the fixation
and orthopedic applications, production of bioplastic, tissue engineering, in
packaging, agriculture, and others. Companies operating in the global
polyhydroxyalkanoate market are focusing on strategic mergers, acquisitions,
and new product launches that expand their market share in the global
Rising concern for human health and safety drives the growth
of the polyhydroxyalkanoate market. The increasing demand for renewable,
eco-friendly and bio-based materials like casein, bagasse, etc stimulates the
growth of the polyhydroxyalkanoate market. Government initiative toward green
procurement policies contributes to the growth of the polyhydroxyalkanoate
market. The easy availability of renewable and cost-effective raw materials
stimulates the growth of the polyhydroxyalkanoate market. Innovative properties
of polyhydroxyalkanoate bring additional value to their use in various
applications contributing to the growth of the polyhydroxyalkanoate market.
Polyhydroxyalkanoate has various biomedical applications such as cardiovascular
patches, bone-marrow scaffolds, new repair devices, and others propelling the
growth of the polyhydroxyalkanoate market. Furthermore, the surge in demand for
packaging boosts the growth of the polyhydroxyalkanoate market. On the flip
side, high cost as compared to conventional polymers hampers the growth of the
polyhydroxyalkanoate market. Moreover, the rising adoption of
polyhydroxyalkanoate for achieving economies of scale creates novel
opportunities for the growth of the polyhydroxyalkanoate market.
Geographically, the global polyhydroxyalkanoate market is
divided into North America, Asia-Pacific, Europe, and the Rest of the World.
Europe is anticipated to hold a premium share in the global
polyhydroxyalkanoate market. The shift of consumers and end-use industries in
Europe from conventional plastic to polyhydroxyalkanoate which is biodegradable
plastic drives the growth of the polyhydroxyalkanoate market in Europe.
Asia-Pacific is expected to grow in the global polyhydroxyalkanoate market with
a healthy CAGR over the forecast period. The rising research and development investment
by various industries in the Asia-Pacific region stimulates the growth of the
polyhydroxyalkanoate market in Asia-Pacific. North America is growing in the
global polyhydroxyalkanoate market.
The report on global polyhydroxyalkanoate market covers
segments such as type, production method, and application. On the basis of
type, the sub-markets include medium-chain length, short-chain length, and
other types. On the basis of production method, the sub-markets include
vegetable oil fermentation, methane fermentation, and sugar fermentation. On
the basis of application, the sub-markets include packaging and food services,
biomedical, and agriculture.
The report provides profiles of the companies in the market
such as Newlight Technologies, LLC, Danimer Scientific LLC, Kaneka Corporation,
Biomer Technology LLC, PolyFerm Canada, Inc., RWDC Industries Ltd., Tianan
Biologic Material Co., Ltd., Bluepha Co., Ltd., Tepha Inc., and Other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of polyhydroxyalkanoate
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.