Polyhydroxyalkanoate Market (Type - Medium-chain Length, Short-chain Length, and Other Types; Production Method - Vegetable Oil Fermentation, Methane Fermentation, and Sugar Fermentation; Application - Packaging and Food Services, Biomedical, and Agriculture): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

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.

Market Insight

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 polyhydroxyalkanoate market.

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.

Segment Covered

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.

Companies Profiled:

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 companies.

Report Highlights:

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.