Press Release / Industry / Polyhydroxyalkanoate (PHA) Market By Applications- Packaging, Food, Bio-Medical, Agriculture

Polyhydroxyalkanoate (PHA) Market By Applications- Packaging, Food, Bio-Medical, Agriculture

The report "Polyhydroxyalkanoate (PHA) Market, By Application (Packaging, Food Services, Bio-medical, Agriculture) & Raw Material — Global Trends & Forecasts to 2018" ,defines and segments the global PHA market with analysis and forecasting of the global revenue and consumption. PHA market consumption will grow from an estimated 10,000 MT in 2013 to 34,000 MT by 2018, with a CAGR of 27.7% from 2013 to 2018.
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Key content of this market
In future, with increase in production, the prices will come down. Companies trying to produce Polyhydroxyalkanoate Market in near future are opting for increasing the performance of their products through investments in R&D. This is to ensure that the new products developed are more distinguished and revolutionary in terms of features than the ones already available. Lower prices and improved performance of PHA will boost its demand in future.
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The commonly used raw materials for Polyhydroxyalkanoate Market production are sugarcane, milk whey, and plant oils. Among them, sugarcane is the most popular raw material. PHA plants utilizing sugarcane usually operate in integration with sugar production. This facilitates production of sugar from sugarcane juice and PHA from bagasse (pulp that remains after the juice is extracted) simultaneously and offers cost advantage. The manipulation of natural PHA producing bacteria and genetically modified strains to achieve high PHA Market production is the key focus of the industry. The modified strains help to improve the quality and concentration of the raw materials.
Global Market is witnessing very high growth on account of increasing awareness for environmental protection and shift from conventional to biodegradable plastic products. Europe holds major market share followed by North America and Asia-Pacific. The figure below provides estimates for region wise consumption of PHA market for 2012.
Polyhydroxyalkanoate Market is still in its infancy and has lot of opportunities in store for any manufacturer if it gets properly commercialized. There are very few industry players who have still not settled on the optimal growth strategy for this market. Many players are relying on increasing their manufacturing capacity in anticipation of a huge surge in demand from end user industries in the future. The companies with largest expansion plans are Metabolix (U.S.) and Shenzhen Ecomann Technology (China).
The report studies Polyhydroxyalkanoate market in all major regions namely North America, Europe, Asia-Pacific, and Rest of the World (Latin America and Middle East & Africa). PHA applications such as packaging, food services, bio-medical, agriculture, and others have been identified and analyzed. The report segments the global as well as all regional markets by applications. The report also details and estimates the shares of various sources of production of PHA.