Polyhydroxyalkanoates are basically polyesters produced naturally by numerous microorganisms, through various processes including sugar fermentation, vegetable oil fermentation, and methane fermentation with the help of bacteria. When produced by bacteria, polyhydroxyalkanoates serve as the source of energy as well as a carbon store. More than 150 types of monomers can be combined with this family to produce materials with extremely different properties. These plastics are biodegradable in nature and are used in the manufacturing of bioplastics. They can be either thermoplastic or elastomeric materials, coupled with melting points ranging from 40 to 180 ?C. The mechanical properties and biocompatibility of polyhydroxyalkanoates can also be changed by blending, modifying the surface, or combining polyhydroxyalkanoates with other polymers, enzymes, and inorganic materials, making it possible for a wider range of applications.
MARKET DYNAMICS
The polyhydroxyalkanoate market has witnessed significant growth owing to factors such as wider application in industries such as packaging & food service, biomedical, agriculture, and others. Increasing demand for biodegradable plastics among consumers fueled by stringent government regulations & policies against single-use plastics and trends related to sustainable development and circular economy are driving the market for polyhydroxyalkanoate. In addition to that, the steady growth of the packaging and healthcare industries is expected to boost the demand for polyhydroxyalkanoate, as more and more consumers are looking at bio-friendly solutions. However, higher costs of polyhydroxyalkanoate as compared to conventional polymers may hamper the growth of this market. Nevertheless, the steady growth in the chemical industry and research and development activities by the market players to innovate products may open up new opportunities to this market.
MARKET SCOPE
The "Global Polyhydroxyalkanoate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyhydroxyalkanoate market with detailed market segmentation by type, application, production method, and geography. The global polyhydroxyalkanoate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyhydroxyalkanoate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyhydroxyalkanoate market is segmented on the basis of type, application, and production method. On the basis of type, the polyhydroxyalkanoate market is segmented into short chain length and medium chain length. The polyhydroxyalkanoate market on the basis of the application is classified into packaging & food service, biomedical, agriculture, and others. On the basis of production method, global polyhydroxyalkanoate market is bifurcated into sugar fermentation, vegetable oil fermentation, and methane fermentation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyhydroxyalkanoate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyhydroxyalkanoate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the polyhydroxyalkanoate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyhydroxyalkanoate market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global polyhydroxyalkanoate market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyhydroxyalkanoate market are anticipated to lucrative growth opportunities in the future with the rising demand for polyhydroxyalkanoate in the global market. Below mentioned is the list of few companies engaged in the polyhydroxyalkanoate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyhydroxyalkanoate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Biomer
- Bio-On Spa
- Bochemie
- Danimer Scientific
- Kaneka Corporation
- Newlight Technologies, LLC
- Polyferm Canada, Inc.
- Rwdc Industries
- Shenzhen Ecomann Biotechnology Co., Ltd.
- Tianan Biologic Materials Co., Ltd.
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