Market Report Highlights:

The Global Polyhydroxyalkanoate Market is segregated into five regions namely Asia Pacific, Europe, North America, Latin America and the Middle East & Africa. Among these, Asia Pacific region is set to grow at the highest CAGR during the forecast period, 2017-2023.

Polyhydroxyalkanoate polymers are produced by microbial fermentation of unprocessed raw materials. They are produced under the brand name Biopol. Polyhydroxyalkanoate polymers are extracted from renewable sources such as vegetable oil, starch, proteins, and others.

As per our market analysis, the global Polyhydroxyalkanoate Market is classified into Polyhydroxybutyrate and Polyhydroxybutyrate blended with copolymers. It holds an edge over polypropylene based products due to its eco-friendly and nontoxic nature, as well as better physical features. The molecular weight of Polyhydroxybutyrate varies from 50,000 to a million depending on growth and method of extraction.

Polyhydroxyalkanoate are non-toxic, provide high UV resistance and exhibit biocompatible properties. They also show optical display and piezoelectric effect. Owing to these characteristics, Polyhydroxyalkanoate Polymers are used in various applications such as packaging, biomedical, biofuels and drugs.

The prominent trends and factors in the Global Polyhydroxyalkanoate Market are production of bio-based products which are compatible to the environment and help to attain sustainable development. However, they also exhibit antioxidant characteristics which are expected to drive the Global Polyhydroxyalkanoate Market during the forecast period, 2017-2023. 

Major Key Players:

The major players operating in the Global Polyhydroxyalkanoate Market are –

• Shenzhen Ecomann Biotechnology Co, Ltd (China)
• Tianjin GreenBio Materials Co., Ltd (China)
• Kaneka Corporation (Japan), BASF SE (Germany)
• Biome Technologies PLC (U.K.)
• BIO ON (Italy)
• Polyferm, Inc (Canada)
• Full Cycle Bioplastics (U.S.A)
• Cardia Bioplastics (Australia) among others

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Market Segments:

The Global Polyhydroxyalkanoate Market is differentiated into type, technology and application. Market by type is fragmented as Polyhydroxyalkanoate and polyhydroxybutyrate blended with co-polymers. Polyhydroxybutyrate Polymers are produced by biological degradation of microorganisms.

It has been observed that biopolymers have already substituted petrochemical based product due to its exceptional features such as bio-compatibility, non-toxicity and environmental oriented nature.

On the basis of technology, biopolymers can be produced by genetically engineered plants and bacteria. With the implementation of these technologies, biopolymers can be produced within 24 hours rather than conventional polymers that take 3 days.

Biomedical, packaging, drug delivery carriers, biofuels and drugs are included in the market segregation on the basis of application.

Among these, a surge in demand has been projected in the packaging sector during the forecast period, 2017-2023.  

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Regional Analysis:

The Global Polyhydroxyalkanoate Market is segregated into five regions namely Asia Pacific, Europe, North America, Latin America and the Middle East & Africa. Among these, Asia Pacific region is set to grow at the highest CAGR during the forecast period, 2017-2023.

China has emerged as the leading player in this region owing to the growing usage in biomedical applications. The advancement in technology and availability of raw materials extracted from wastes of sugar palm oil and others has propelled India and Japan to witness a massive growth in the Polyhydroxyalkanoate Market.

Globally, European region accounted for the major shareholder of Global Polyhydroxyalkanoate Market in 2015 and anticipated to continue its dominance during the forecast period, 2017-2023. Germany, U.K and Italy are the leading players in this region due its continual growth and development in the production of environmental friendly products.

North American region has been projected to witness a massive growth in the Polyhydroxyalkanoate Market due to its growing demand observed in packaging, agriculture and food sectors. Availability of raw materials and the development in technology has driven countries like U.S. and Canada to shift their focus from petrochemical derived product towards naturally produced polymers in order to attain ecological balance, save the cost of production and conserve the petroleum sources.

The growing production of sugarcane in Latin America has recognized a significant growth in Polyhydroxyalkanoate Market during the forecast period. Moreover, the Middle East & Africa has recognized a rapid growth in the development of Polyhydroxyalkanoate Polymers due to its increasing usage in end-use industries.

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