Polyhydroxyalkanoate (PHA) Market insights report future growth revenue analysis and forecast till 2024

The global polyhydroxyalkanoate (PHA) market size is estimated to grow from USD 57 million in 2019 to USD 98 by 2024, at a CAGR of 11.2%. Increasing use of the chemical for various applications fueled by stringent government regulations and changing consumer behavior is expected to drive the growth of the global polyhydroxyalkanoate industry. PHA is a family of biodegradable polymers and plastics, which are synthesized and accumulated by bacteria inside their cells. These biodegradable plastics are also biocompostable and biocompatible, which means they can be used for biomedical applications too.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-61822
The Final Report will cover the impact analysis of COVID-19 on this industry: Polyhydroxyalkanoate (PHA) Market insights report future growth revenue analysis and forecast till 2024

The short-chain length segment is expected to witness the highest growth in terms of value and volume during the forecast period. The growing use of short-chain length PHAs in various applications such as packaging & food services, bio-medical, and agriculture along with the higher production capacity of short-chain length PHAs is driving the growth of this segment.

The packaging & food services application segment is estimated to witness the highest growth rate, in terms of value and volume, between 2019 and 2024. Due to the ecological imbalance created by plastic waste, several organizations, including governments, have imposed taxes and enacted stringent policies against single-use plastics. These initiatives are driving the demand for PHA in the packaging & food services application. The growth of these end-user industries owing to the expansion of e-commerce portals across the food and retail sector is expected to propel the growth of the market further during the forecast period.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-61822
The Final Report will cover the impact analysis of COVID-19 on this industry: Polyhydroxyalkanoate (PHA) Market insights report future growth revenue analysis and forecast till 2024

The Europe PHA market is estimated to witness significant growth during the forecast period, fueled by the growing demand for biodegradable plastics and bioplastics due to the increasing ecological concerns and trends such as sustainable development and circular economy. Additionally, the presence of major manufacturers such as Bio-On Srl (Italy), Natureplast (France), Biomer (Germany), Colorfabb (Netherlands), Nafigate (Czech Republic), and Bochemie (Czech Republic) has positively influenced the demand trend for PHAs in the region.

• By Company Type: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation: C-Level – 21%, Director Level – 23%, and Others – 56%
• By Region: North America – 30%, Europe – 18%, APAC – 41%, Rest of the world – 11%

Research Coverage
This report segments the market for PHA based on type, production method, application, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and acquisitions associated with the market for PHA market.

Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the PHA market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 UNIT CONSIDERED 18
1.6 STAKEHOLDERS 18

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

 

For more information, please contact:

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

Related Links
https://www.sdki.jp/

Related Reports

Global Pneumatic Components Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2026
Global Contact and Intraocular Lenses Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2025
Global FFP2 Grade Protective Masks Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2027
Global Medical Ventilator Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2027
Global Veterinary Software Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2027
Global Ultra-low Temperature Freezers Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2027
Global Automated Cell Culture Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2027
Global COVID Testing Kit Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2027
Global Freeze-Drying Equipment Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2027
Global Video Management Software Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast to 2026

https://clarkcountyblog.com/