The Report “PHA
(Polyhydroxyalkanoate) Market, By Application (Packaging, Food Services,
Bio-medical, Agriculture) & Raw Material – Global Tends & Forecasts to
2018″ by Marketsandmarkets is now
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Rising demand of biodegradable materials, positive attitude of
governments towards green procurement policies, and rising oil prices are
attracting companies to invest in PHA
(Polyhydroxyalkanoate) market. Many large companies
such as Meredian (U.S.), Ecomann (China), and Bio-on (Italy) are focusing on
increasing production capacities.
Large number of companies, particularly small and middle-sized
ones, initiated the experimental and industrialized manufacturing of all types
of PHAs. PHA can be produced using various renewable raw materials. Currently,
majority of PHA is produced using plant sugar, which can be easily obtained
from sugarcane, corn sugar, and sugar beet, making it an ideal raw material for
PHA. Considerable amount of PHA is also produced using plant or vegetable oils
such as soybean oil, palm oil, and corn oil. Waste lipids and milk whey are the
other raw materials at experimental stage and can be commercialized soon.
Complete Report Available
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Although the existing PHA plant capacities are underutilized at
present, the companies are still planning for further capacity expansions.
Analyzing the wide range of possible applications and upcoming trends of
biodegradable plastics, companies are expecting significant growth in PHA
demand in the near future. Currently, high prices and performance issues are the
two major restraints for PHA market. Generally, the cost of production of
biodegradable plastics such as PHA is 20% to 80% higher than the conventional
plastics. This is primarily due to the high polymerization cost of
biodegradable plastics as most of the processes are still in the developmental
stage. PHA is at its initial stage of technology cycle and not yet achieved
economies of scale. The market is at a stage where there is high capacity but
low consumption. Most of the players are into research and development for
increasing the performance of their produced PHA.
In future, with increase in production, the prices will come down.
Companies trying to produce PHA 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 report studies PHA 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.
This report analyzes various marketing trends and establishes the
most effective growth strategy in the market. It identifies market dynamics
such as drivers, restraints, opportunities, burning issues, and winning
imperatives. Major companies such as Metabolix Inc. (U.S.), Meredian Inc.
(U.S.), Biomer (Germany), Tianjin GreenBio Materials Co. Ltd (China), Shenzhen
Ecomann Technology Co. Ltd (China), etc. have also been profiled in this
report.
For this report, various secondary sources such as bioplastics and
chemical magazines, encyclopedia, directories, technical handbooks, company
annual reports, industry association publications, articles, trade websites,
and databases have been referred to identify and collect information useful for
this extensive commercial study. The primary sources – experts from related
industries and suppliers -; have been interviewed to obtain and verify critical
information as well as to assess the future prospects and market estimations.
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(Polyhydroxyalkanoate) Market, By Application (Packaging, Food Services,
Bio-medical, Agriculture) & Raw Material – Global Tends & Forecasts to
2018” report OR for any other business research / market intelligence need on
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