The Global Polyhydroxyalkanoate Market size was valued at USD 73.12 million in 2024 and is expected to reach USD 174.68 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 15.62% during the forecast period, i.e., 2025-30.     

Global Polyhydroxyalkanoates Market Driver:

Rapid Shift Towards Sustainable Practices – The rising environmental hazards are creating the demand for sustainable and biodegradable products globally. It is leading to the high growth of chemicals like polyhydroxyalkanoate (PHA). Recently, the excessive use of plastics has contributed to the drastic prevalence of plastic pollution, which has increased the demand for eco-friendly alternatives such as Polyhydroxyalkanoate. By 2025, plastic waste is estimated to grow by over 455 million tons globally, which is a significant amount that needs to be considered. Out of this, only 10% of the waste is recycled. This is contributing to the market growth.

Additionally, the production capacity of manufacturing units is continuously expanding. For instance, the global annual production capacity of PHA was reported to be about 70,000 tons, which is further projected to increase and reach up to 50,000 metric tons by the end of 2025. This substantial amount shows the rising adoption of PHA globally.

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Key Market Reports Highlights

• Market Dimensions & Projections
• Pricing Evaluation
• Recent Strategic Moves by Companies
• Primary Stakeholders
• Import/Export Trend Analysis
• Competitive Landscape Assessment
• Emerging Opportunities
• Market Trends and Indicators

 

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Global Polyhydroxyalkanoates Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Type
  • Short Chain- Market Size & Forecast 2020-2030, Thousand Tons
  • Medium Chain- Market Size & Forecast 2020-2030, Thousand Tons
  • Long Chain- Market Size & Forecast 2020-2030, Thousand Tons
• By Application
  • Packaging – Market Size & Forecast 2020-2030, Thousand Tons
  • Food Services- Market Size & Forecast 2020-2030, Thousand Tons
  • Biomedical- Market Size & Forecast 2020-2030, Thousand Tons
  • Agriculture- Market Size & Forecast 2020-2030, Thousand Tons
  • Others- Market Size & Forecast 2020-2030, Thousand Tons
• By Technology
  • Genetically Engineered Plants- Market Size & Forecast 2020-2030, Thousand Tons
  • Genetically Engineered Bacteria- Market Size & Forecast 2020-2030, Thousand Tons
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Danimer Scientific, Bio-on S.p.A., Tianjin GreenBio Materials Co., Ltd., Kaneka Corporation, CJ CheilJedang Corp., PolyFerm Canada, Shenzhen Ecomann Biotechnology Co., Ltd., Full Cycle Bioplastics, RWDC Industries, Tianan Enmat, Newlight Technologies LLC, Yield10 Bioscience, Inc., TerraVerdae Bioworks, Bluepha, Tepha, Inc., and others

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