Global Polyhydroxyalkanoate Market 2019-2023

Global Polyhydroxyalkanoate Market 2019-2023

Global Polyhydroxyalkanoate Market: About this market

Polyhydroxyalkanoate (PHA) is a bio-polyester, which is produced naturally by numerous microorganisms including bacteria. Microorganisms produce PHAs as by-products during the fermentation of sugar. Technavio’s polyhydroxyalkanoate market analysis considers sales from packaging, biomedical, food service, agriculture, and others (chemicals and consumer products). Our analysis also considers the sales of polyhydroxyalkanoate in APAC, Europe, North America, South America, and MEA. In 2018, the packaging segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as implementation of stringent regulations against the use of conventional plastic will drive the demand for PHAs in the packaging industry. This will play a significant role in the packaging segment to maintain its market position. Also, our global polyhydroxyalkanoate market report also looks at factors such as increasing demand for biodegradable plastics, increasing demand for PHAs in biomedical industry, fluctuating crude oil prices. However, cost effectiveness of conventional plastic over PHAs, lack of availability of raw materials, high availability of alternatives for PHA may hamper the growth of the polyhydroxyalkanoate industry over the forecast period.

Global Polyhydroxyalkanoate Market: Overview

Increasing demand for PHAs in biomedical industry

PHA is used in biomedical applications due to its biodegradability. In the medical industry, PHA is used in manufacturing biomedical products, especially for fixation and orthopedic applications, including sutures, suture fasteners, meniscus repair devices, and others. The significant growth in the geriatric population worldwide is contributing to the exponential growth of the global biomedical market, which will drive the demand for PHA in biomedical applications. This demand for PHAs in biomedical industry will lead to the expansion of the global polyhydroxyalkanoate market at a CAGR of over 5% during the forecast period.

Sustainable production of PHA

Plastic manufacturers are under strict regulatory pressure to use sustainable production methods. With the increasing focus on sustainability and favorable government regulations regarding the use of plastics, the global PHA market will experience growth opportunities in the global packaging and the medical industries. The adoption of PHA in packaging applications are expected to experience a higher demand due to increasing use of biodegradable films, compostable waste bags, catering products, film packaging, and rigid packaging. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global polyhydroxyalkanoate market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global polyhydroxyalkanoate market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyhydroxyalkanoate manufacturers, that include Bio-on Spa, Bluepha, Danimer Scientific LLC, Kaneka Corp., and PolyFerm Canada.

Also, the polyhydroxyalkanoate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


Companies Mentioned

Bio-on Spa, Bluepha, Danimer Scientific LLC, Kaneka Corp., and PolyFerm Canada.

  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors: Key product offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global polymer market
      • Table Segments of global polymer market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
      • Table Applications of PHA
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Copolymerized PHA - Market size and forecast 2018-2023
      • Table Copolymerized PHA - Market size and forecast 2018-2023 ($ millions)
      • Table Copolymerized PHA - Year-over-year growth 2019-2023 (%)
    • Linear PHA - Market size and forecast 2018-2023
      • Table Linear PHA - Market size and forecast 2018-2023 ($ millions)
      • Table Linear PHA - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Packaging - Market size and forecast 2018-2023
      • Table Packaging - Market size and forecast 2018-2023 ($ millions)
      • Table Packaging - Year-over-year growth 2019-2023 (%)
    • Biomedical - Market size and forecast 2018-2023
      • Table Biomedical - Market size and forecast 2018-2023 ($ millions)
      • Table Biomedical - Year-over-year growth 2019-2023 (%)
    • Food service - Market size and forecast 2018-2023
      • Table Food service - Market size and forecast 2018-2023 ($ millions)
      • Table Food service - Year-over-year growth 2019-2023 (%)
    • Agriculture - Market size and forecast 2018-2023
      • Table Agriculture - Market size and forecast 2018-2023 ($ millions)
      • Table Agriculture - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Brent crude oil prices (FOB) ($ per barrel) 2014 to 2018
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing preference for eco-friendly packaging
    • Sustainable production of PHA
    • Increasing investments in R&D activities
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bio-on Spa
      • Table Bio-on Spa - Vendor overview
      • Table Bio-on Spa - Product segments
      • Table Bio-on Spa - Key offerings
    • Bluepha
      • Table Bluepha - Vendor overview
      • Table Bluepha - Product segments
      • Table Bluepha - Key offerings
    • Danimer Scientific LLC
      • Table Danimer Scientific LLC - Vendor overview
      • Table Danimer Scientific LLC - Product segments
      • Table Danimer Scientific LLC - Organizational developments
      • Table Danimer Scientific LLC - Key offerings
    • Kaneka Corp.
      • Table Kaneka Corp. - Vendor overview
      • Table Kaneka Corp. - Business segments
      • Table Kaneka Corp. - Organizational developments
      • Table Kaneka Corp. - Geographic focus
      • Table Kaneka Corp. - Segment focus
      • Table Kaneka Corp. - Key offerings
    • PolyFerm Canada
      • Table PolyFerm Canada - Vendor overview
      • Table PolyFerm Canada - Product segments
      • Table PolyFerm Canada - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook