The Polyhydroxyalkanoate (PHA) Market Global Industry Report was valued at USD 70.0 million in 2015. It is projected to grow at a CAGR of 4.88% from 2016 to 2021. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

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The global PHA market is emerging at a healthy growth rate due to the increasing awareness regarding environmental protection and changing preference of manufacturers from conventional to biodegradable plastic products. Packaging, food services, and biomedical are the major applications of PHA; and they together, accounted for a major share of the global PHA market, in 2016.

Vast availability of renewable and cost effective raw materials

PHAs are produced from renewable raw materials, which contribute to the environmental and climatic protection as their carbon dioxide content is neutral. They also help in reducing the transfer of toxic substances in the environment and achieving maximum efficiency and reduction of energy expenditure. Many environmental standards and government regulations are introduced to ensure the sustainability of raw materials. The broadening of PHA applications through the development of new technologies and increased availability of a wide range of raw materials has created awareness about the existence and benefits of the product. Moreover, the increase in the oil prices is further expected to help in reducing the price difference between PHA and conventional polymers, which in turn is expected to boost PHA market.

The objectives of the report are as follows:
• To define, segment, and project the size of the global Polyhydroxyalkanoate (PHA) market on the basis of type, technology, application, and region
• To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the total market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To project the size of the market in terms of value and volume, with respect to five main regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, South America, and Middle East and Africa
• To strategically profile key players and comprehensively analyze their core competencies2
• To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development in the PHA market

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The research methodology used to estimate and project the market size included the ‘top-down’ and ‘bottom-up’ approaches. The total size of the PHA market was calculated and accordingly, weightages were provided for various segments. This was done on the basis of extensive primary interviews and secondary research based on the information available on websites of various associations such as European Bioplastics Organisation and Australasian Bioplastics Association. Primary research conducted for this report included extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The ecosystem of the PHA market comprises manufacturers of PHA such as, Metabolix Inc. (U.S.), Kaneka Corporation (Japan), Meredian Holdings Group, Inc. (U.S.), Shenzhen Ecomann Biotechnology Co., Ltd (China), BioMatera (Canada), Biomer (Germany), Bio-On Srl (Italy), Newlight Technologies, LLC (U.S.), PHB Industrial S.A. (Brazil), PolyFerm Canada, Inc. (Canada), TianAn Biological Materials Co. Ltd. (China), and Tianjin GreenBio Materials Co., Ltd. (China). These companies are engaged in the production of PHA using CO2 and other renewable sources that are provided by raw material suppliers. After the completion of the production process, PHAs are distributed in the market through different channels. The converting industries using PHA in various applications such as, BASF SE (Germany), and The Dow Chemical Company (U.S.).

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List of Figures (46 Figures)
Figure 1 PHA Market Segmentation
Figure 2 PHA Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 PHA Market: Data Triangulation
Figure 6 Packaging to Dominate PHA Application Market during Forecast Period, By Volume
Figure 7 PHA Co-Polymers to Dominate PHA Market during Forecast Period
Figure 8 Europe to Dominate PHA Market in 2016
Figure 9 Bacterial Fermentation Segment Projected to Grow at Highest Rate during Forecast Period
Figure 10 China to Be Fastest-Growing PHA Market during Forecast Period

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