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Home>World Polyhydroxyalkanoate (PHA) Market 2017 - Opportunities and Forecasts, 2014 - 2022 - Research and Markets

World Polyhydroxyalkanoate (PHA) Market 2017 - Opportunities and Forecasts, 2014 - 2022 - Research and Markets

World Polyhydroxyalkanoate (PHA) Market 2017 - Opportunities and Forecasts, 2014 - 2022 - Research and Markets

10/03/2017

World Polyhydroxyalkanoate (PHA) Market 2017 - Opportunities and Forecasts, 2014 - 2022 - Research and Markets

The "World Polyhydroxyalkanoate (PHA) Market - Opportunities and Forecasts, 2014 - 2022" report has been added to Research and Markets' offering.

Global PHA market is driven by the increasing demand for renewable, eco- friendly, and bio- based materials such as bagasse, zein, casein, plantstarch, etc. Other driving force is its bio- medical applications such as bone-marrow scaffolds, cardiovascular patches, nerve repair devices, bone, etc. High demand for packaging, followed by food services is also contributing to the growth of the market.

However, R&D facilities and high cost of raw materials, which is 20% to 80% higher than the cost of raw materials of conventional plastics, are few of the challenges faced by this market. The opportunities that would help in the growth of this market are the rapid technological changes and increased investment in R&D by the developed countries.

PHA product type market is segmented into copolymerized PHA and linear PHA. Copolymerized PHA segment is the largest revenue generating segment due to its efficient properties such as better flexibility, higher toughness and soaring demand of biodegradable materials.

PHA Application Market is segmented into agriculture, food services, packaging, bio-medical and others (Disposable items). Packaging segment is the largest revenue generating segment due to rising awareness of biodegradable packaging material.

PHA Geography Market is segmented into North America, Europe, Asia Pacific and RoW. Europe, followed by Asia Pacific, is the largest revenue generating segment due to relative rise in the consumer's disposable income and presence of large amount of capital by various industries resulting in increased investment in R&D.

The key strategies adopted by the companies to expand in the PHA market are product launches, mergers & acquisitions and agreements & collaborations.

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