Market Overview:
The global PHA degradable plastic market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for biodegradable plastics across various applications, such as mulch, biomedicine, cosmetics field and others. In addition, growing awareness about environmental concerns is also propelling the demand for PHA degradable plastics. However, volatility in prices of raw materials used in manufacturing these plastics may restrain the market growth to some extent during the forecast period. This can be attributed to its properties such as high tensile strength and resistance against degradation by microorganisms.
Product Definition:
PHA degradable plastic is a biodegradable form of plastic that can break down over time into environmentally friendly components. It is often used for packaging and has been shown to be an effective alternative to traditional plastics.
PHB:
It has wide range applications in end-use industries such as food packaging, medical devices, agriculture and horticulture. PHA degradable plastics are manufactured using renewable plant based raw materials such as sugarcane bagasse and corn starch.
PHBV:
The most common types of PHBV include Cis,Trans, and Poly- cis -PHBV. It has high demand in the food packaging market due to its excellent barrier properties and low moisture absorption rate.
Application Insights:
Mulch was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The rising demand for potted plants at home as well as onsite gardens at offices, restaurants and hotels is projected to boost product demand. In addition, PHA degradable plastic can be used for making attractive mulch products that are biodegradable and compostable. These factors are likely to drive market growth over the next eight years.
Cosmetic field is another key application area where PHA degradable plastics have been used extensively due to its properties such as transparency, flexibility & resilience which make them suitable for a variety of personal care products such as skincare creams & lotions, makeup applicators & sponges among others (excluding healthcare).
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a potential target for medical products manufacturing. Increasing disposable income levels and growing consumer awareness regarding advanced healthcare solutions are also likely to boost product demand in this region.
The European PHA degradable plastic market is anticipated to witness significant growth over the forecast period owing to stringent regulations on synthetic polymers coupled with rising R&D initiatives by industry players toward development of bio-based alternatives. North America accounted for more than 20% share of global revenue in 2017, which can be attributed primarily to high consumption levels of mulch produced from wood chips and other biomass sources across residential as well as commercial applications in U.S., Mexico, and Canada among others (excluding exports).
Growth Factors:
- Increasing demand from end-use industries: The global market for PHA degradable plastic is projected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand from end-use industries, such as packaging, agriculture, and automotive.
- Rising awareness about environmental concerns: There is a growing awareness among consumers about the harmful effects of conventional plastics on the environment. This is driving them towards opting for environmentally friendly alternatives such as PHA degradable plastic products.
- Technological advancements: The development of new technologies that enable faster degradation of PHAs in natural environments is aiding in the growth of this market. For instance, researchers at University College Dublin have developed a new technology that uses enzymes to degrade PHAs within minutes into harmless byproducts such as water and carbon dioxide gas .
- Growing popularity of biodegradable plastics: Biodegradable plastics are made from renewable resources and can be easily decomposed by microorganisms into simple molecules like water and carbon dioxide gas . They offer an eco-friendly alternative to conventional petroleum-based plastics which take centuries to decompose . This factor is contributing significantly towards the growth of the global PHA degradable plastic market . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
PHA Degradable Plastic Market Research Report
By Type
PHB, PHBV, PHBHx, PHB4B, Others
By Application
Mulch, Biomedicine, Cosmetics Field, Others
By Companies
GreenBio Materials, Shenzhen Ecomann Technology, Danimer Scientific, Genecis, Yield10 Bioscience, Tian'an Biopolymer, Kaneka, Biomer, Newlight Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global PHA Degradable Plastic Market Report Segments:
The global PHA Degradable Plastic market is segmented on the basis of:
Types
PHB, PHBV, PHBHx, PHB4B, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mulch, Biomedicine, Cosmetics Field, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GreenBio Materials
- Shenzhen Ecomann Technology
- Danimer Scientific
- Genecis
- Yield10 Bioscience
- Tian'an Biopolymer
- Kaneka
- Biomer
- Newlight Technologies
Highlights of The PHA Degradable Plastic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PHB
- PHBV
- PHBHx
- PHB4B
- Others
- By Application:
- Mulch
- Biomedicine
- Cosmetics Field
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PHA Degradable Plastic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PHA Degradable Plastic is a type of plastic that can be broken down by the body into smaller pieces over time. This makes it easier for the body to eliminate and eliminates the need for special disposal methods.
Some of the major companies in the pha degradable plastic market are GreenBio Materials, Shenzhen Ecomann Technology, Danimer Scientific, Genecis, Yield10 Bioscience, Tian'an Biopolymer, Kaneka, Biomer, Newlight Technologies.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PHA Degradable Plastic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PHA Degradable Plastic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PHA Degradable Plastic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PHA Degradable Plastic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PHA Degradable Plastic Market Size & Forecast, 2018-2028
4.5.1 PHA Degradable Plastic Market Size and Y-o-Y Growth
4.5.2 PHA Degradable Plastic Market Absolute $ Opportunity
Chapter 5 Global PHA Degradable Plastic Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PHA Degradable Plastic Market Size Forecast by Type
5.2.1 PHB
5.2.2 PHBV
5.2.3 PHBHx
5.2.4 PHB4B
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PHA Degradable Plastic Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PHA Degradable Plastic Market Size Forecast by Applications
6.2.1 Mulch
6.2.2 Biomedicine
6.2.3 Cosmetics Field
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PHA Degradable Plastic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PHA Degradable Plastic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PHA Degradable Plastic Analysis and Forecast
9.1 Introduction
9.2 North America PHA Degradable Plastic Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PHA Degradable Plastic Market Size Forecast by Type
9.6.1 PHB
9.6.2 PHBV
9.6.3 PHBHx
9.6.4 PHB4B
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PHA Degradable Plastic Market Size Forecast by Applications
9.10.1 Mulch
9.10.2 Biomedicine
9.10.3 Cosmetics Field
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PHA Degradable Plastic Analysis and Forecast
10.1 Introduction
10.2 Europe PHA Degradable Plastic Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PHA Degradable Plastic Market Size Forecast by Type
10.6.1 PHB
10.6.2 PHBV
10.6.3 PHBHx
10.6.4 PHB4B
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PHA Degradable Plastic Market Size Forecast by Applications
10.10.1 Mulch
10.10.2 Biomedicine
10.10.3 Cosmetics Field
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PHA Degradable Plastic Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PHA Degradable Plastic Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PHA Degradable Plastic Market Size Forecast by Type
11.6.1 PHB
11.6.2 PHBV
11.6.3 PHBHx
11.6.4 PHB4B
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PHA Degradable Plastic Market Size Forecast by Applications
11.10.1 Mulch
11.10.2 Biomedicine
11.10.3 Cosmetics Field
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PHA Degradable Plastic Analysis and Forecast
12.1 Introduction
12.2 Latin America PHA Degradable Plastic Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PHA Degradable Plastic Market Size Forecast by Type
12.6.1 PHB
12.6.2 PHBV
12.6.3 PHBHx
12.6.4 PHB4B
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PHA Degradable Plastic Market Size Forecast by Applications
12.10.1 Mulch
12.10.2 Biomedicine
12.10.3 Cosmetics Field
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PHA Degradable Plastic Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PHA Degradable Plastic Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PHA Degradable Plastic Market Size Forecast by Type
13.6.1 PHB
13.6.2 PHBV
13.6.3 PHBHx
13.6.4 PHB4B
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PHA Degradable Plastic Market Size Forecast by Applications
13.10.1 Mulch
13.10.2 Biomedicine
13.10.3 Cosmetics Field
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PHA Degradable Plastic Market: Competitive Dashboard
14.2 Global PHA Degradable Plastic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GreenBio Materials
14.3.2 Shenzhen Ecomann Technology
14.3.3 Danimer Scientific
14.3.4 Genecis
14.3.5 Yield10 Bioscience
14.3.6 Tian'an Biopolymer
14.3.7 Kaneka
14.3.8 Biomer
14.3.9 Newlight Technologies
