Polyhydroxyalkanoate Market Analysis by Type (Short Chain Length, Medium Chain Length, and Long Chain Length): by PHA Type (P3H4B+PHB, PHBH, and PHBV); by Application (Packaging & Food Services, Biomedical, Agriculture, Cosmetics, and Others); and by Production Methods (Sugar Fermentation, Vegetable Oil Fermentation, and Others) - Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

Buy Now Report ID: 4627 | Published Date: Feb 24, 2023

Global Polyhydroxyalkanoate Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global polyhydroxyalkanoate market is estimated to garner a revenue of ~USD 195 million by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 82 million in the year 2022. The growth of the market can be attributed to the increasing demand for packaging products. For instance, based on a global survey, nearly 58% of consumers prefer sustainable packaging, while purchasing a product. Moreover, almost 75% of enterprises have made firm commitments to sustainable packaging. Further, the growing demand and traction for biodegradable packaging materials in packaging and food & beverages industries across the globe is also expected to majorly add the market growth. Since, polyhydroxyalkanoate has favorable properties such as biodegradability and excellent biocompatibility, which make it highly suitable for several nano-technological applications.

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 In addition to these, factors that are believed to fuel the market growth of polyhydroxyalkanoate (PHA) include their numerous beneficial qualities. PHAs are thought to be suitable for a variety of medical procedures and have a wide range of applications. These include hydrophobicity, inertness, and non-toxicity. PHAs have generated more interest than other biopolymers owing to their strong biocompatibility and thermal properties. Additionally, the material has prospective uses in bottles, foil laminations, and kitchenware, which may advance the PHA industry. Increasing production of these items projects is anticipated to raise the demand for PHAs. Besides this, the growing bio-clinical industry is predicted to present further new potentials for market expansion over the projected period.

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Global Polyhydroxyalkanoate Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 82 Million

Forecast Year Market Size (2033)

~ USD 195 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Polyhydroxyalkanoate Market: Growth Drivers and Challenges


Growth Drivers

  • Adoption of PHAs in the Pharmaceutical Sector - PHAs have been discovered to work well in a variety of medical settings, including as anticancer agents, biocontrol agents, drug carriers, biodegradable implants, tissue engineering, and memory enhancers. The growing pharmaceutical sector is expected to propel the PHA market in the projected years. For instance, it was found that the total global pharmaceutical sales in 2018 reached around USD 973 billion, which further rose to nearly USD 1,187 billion in 2021.

  • Worldwide Spike in Packaging Industry - Packaging is one of the most significant aspects addressed by manufacturers to maintain the aesthetic appeal of a product to consumers. The global packaging industry is rapidly expanding owing to a boost in the number of manufacturing units, food processing facilities, and industrial output. Therefore, a massive surge in the packaging industry is also anticipated to boost the market growth of the global polyhydroxyalkanoate (PHA) market during the forecast period. For instance, it was reported that the worldwide packaging sector expanded to a value of over USD 769 billion in 2020.

  • Rising Government Initiatives to Reduce Non-Degradable Wastes - For instance, the plastic waste amendment rules, of 2021, by the Indian government forbid the use of single-use plastics with a thickness of 50 to 75 microns by 2022.

  • Increased Production of Bioplastics – 2021 witnessed a 16% rise in the global production of bioplastics, reaching 2.5 million metric tons, and is expected to reach 7.7 million metric tons by 2026.

  • Escalating Ratio of Flexible Packaging – For instance, currently, flexible packaging represents around 40% of packaging worldwide and around 21% in the United States.


  • Inflated Production Cost of PHAs – The exaggerated cost of PHAs makes them challenging to use in commercial applications. The cost has been related to the high-temperature sterilization, slow growth of microorganisms, discontinuous production processes, and complicated downstream processing.
  • Unstable Material Properties
  • Requirement for Advanced Manufacturing Technology

Market Segmentation

The global polyhydroxyalkanoate market is segmented and analyzed for demand and supply by application into packaging & food services, biomedical, agriculture, cosmetics, and others. Out of these segments, the packaging & food services segment is anticipated to hold the highest market share by the end of 2033. Owing to their hydrophobic nature and extensive mechanical flexibility, they are potential materials to compete with petrol plastics in the market for food packaging. According to a report, by 2022, the online food delivery segment was expected to have a 24% user penetration rate, and by 2027, the online food delivery is expected to have nearly 2615 million customers. Since packaging is a highly leading array where PHA is estimated to replace conventional plastic materials, and several countries have already started the initiatives to completely ban plastic use, which is anticipated to further create positive opportunities for polyhydroxyalkanoate to acquire the larger market size in the coming years.

The global polyhydroxyalkanoate market is also segmented and analyzed for demand and supply by type into short chain length, medium chain length, and long chain length. Amongst these three segments, the short chain length segment is expected to garner a significant share. The cost of short chain length is very low as compared with the medium chain length. Therefore, this factor is ascribed to fuel the growth of the market in the projected time frame.

Our in-depth analysis of the global polyhydroxyalkanoate market includes the following segments:

       By Type

  • Short Chain Length
  • Medium Chain Length
  • Long Chain Length

      By PHA Type

  • P3H4B +PHB
  • PHBH
  • PHBV

      By Application

  • Packaging & Food Services
  • Biomedical
  • Agriculture
  • Cosmetics
  • Others

      By Production Methods

  • Sugar Fermentation
  • Vegetable Oil Fermentation
  • Heterogeneous Waste Streams
  • Other

Global Polyhydroxyalkanoate Market Regional Synopsis


The Asia Pacific polyhydroxyalkanoate market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the boom in the packaging and biomedical sectors, and the rising number of working people, that increases the demand for packaged foods and other ready-made products. For instance, China generates around 10,000 metric tons per year PHA by Tianjin Green Bio-Science, whereas, in 2021, there were roughly 747 million working people in China. Further, the presence of significant key manufacturers of polyhydroxyalkanoate is another factor that is anticipated to expand the market growth over the forecast period, i.e., 2023 – 2033.

In addition to this, the European polyhydroxyalkanoate market is estimated to display notable market growth by the end of 2033. The major factors that contribute to the growth of the market in this region are the surge in the demand for PFA in terms of value and volume in several countries in the region, followed by the expanding governmental policies and initiatives to support the use of biodegradable plastics, along with increasing awareness in people regarding the environmental concern. Additionally, the increasing demand for premium packaging, and growing foreign exports are some more factors that are estimated to further propel the market growth during the projected time frame in the region.


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Top Featured Companies Dominating the Global Polyhydroxyalkanoate Market

    • Kaneka Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Bio-on SpA
    • Danimer Scientific, Inc.
    • TianAn Biologic Materials Co., Ltd.
    • Bluepha Co, Ltd.
    • PolyFerm Canada
    • Yield10 Bioscience, Inc.
    • Full Cycle Bioplastics
    • Shenzhen Ecomann Biotechnology Co., Ltd.


In The News

  • Kaneka Corporation has made great efforts to implement appropriate rates in order to maintain a steady supply of its products, given the rising cost of raw materials such as naphtha.

  • Danimer Scientific, Inc. has completed the acquisition of Novomer, Inc., which is a leading developer of conversion technology that allows for the production of PHA-based resins and other biodegradable materials with transformable, functional, and low-net carbon inputs.


Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Smruti Ranjan, Rajrani Baghel

Key Questions Answered in the Report

1) What are the major factors driving the growth of the polyhydroxyalkanoate market?

Ans: Adoption of PHAs in the pharmaceutical sector, worldwide spike in packaging industry, and rising government initiatives to reduce non-degradable wastes are some major factors driving the growth of the market.

2) What would be the CAGR of polyhydroxyalkanoate market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the polyhydroxyalkanoate market growth?

Ans: Inflated production cost of PHAs, unstable material properties, and requirement of advanced manufacturing technology are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of polyhydroxyalkanoate market in future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the polyhydroxyalkanoate market?

Ans: The major players in the market are Kaneka Corporation, Bio-on S.P.A., Danimer Scientific Inc., TianAn Biological Materials Co., Ltd., Bluepha Co, Ltd., PolyFerm Canada, Yield10 Bioscience, Inc., Full Cycle Bioplastics, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the polyhydroxyalkanoate market?

Ans: The market is segmented by type, PHA type, application, production methods, and by region.

8) Which segment captures the largest market size in application segment in the polyhydroxyalkanoate market?

Ans: The packaging & food services segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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