This Polyhydroxybutyrate market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Polyhydroxybutyrate market.
Global Polyhydroxybutyrate Market: Overview
Polyhydroxybutyrate is a biopolymer which is manufactured from microorganisms. It is a kind of polyhydroxyalkanoate and is synthesized via fermentation process. These are thermoplastic polymers with similar properties to petroleum based polypropylene. Polyhydroxybutyrate is biodegradable polymer and is widely used in the manufacturing of packaging material of medical devices and mulch films. Polyhydroxybutyrate is drawing heavy interest from end use industries such as food, agriculture and pharmaceutical owing to its environmental friendly features. Polyhydroxybutyrate is widely used in the packaging of cosmetic and food products. Increasing preference of packaged food due to easy availability and hectic lifestyle is set to uplift the market growth over the forecast period. Moreover, the increasing population has resulted in the reduction of agricultural land due to urbanization and industrialization has forced farmers to increase the productivity in the comparatively smaller areas. This led to increase in demand for polyhydroxybutyrate as mulch films. Additionally, increasing number of initiatives by environmental agencies and government coupled with rising awareness within consumers regarding the negative effects of the non-biodegradable packaging materials along with ecofriendly nature of the products is driving the polyhydroxybutyrate market growth.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Increasing usage of polyhdroxybutyrate in packaging material such as cling films, bin bags, and garbage bags is expected to uplift the global polyhdroxybutyrate market in the coming future. The growing consumption of packaged food has also propelled the usage of polyhydroxybutyrate in food processing industry. Moreover increasing government initiatives and norms made by environmental agencies coupled with rising consumer wakefulness concerning the harmful effects of the non-biodegradable packaging materials along with environmentally friendly nature of the product is driving the polyhydroxybutyrate market growth. However, high price of polyhydroxybutyrate based polymers as compared to conventional polymers expected to hinder the polyhydroxybutyrate market growth over the forecast period.
Global Polyhydroxybutyrate Market: Segmentation
Global polyhydroxybutyrate market can be segmented on the basis of applications, end use industry and regions.
Global Polyhydroxybutyrate Market: Regional Outlook
Asia pacific is anticipated to grow at the higher rate over the forecast period owing to rising demand from many end use industries such as food, pharmaceutical, agriculture, and automotive. In Asia Pacific the demand for biodegradable plastic is expected to increase mainly in developing countries such as China and India, owing to increasing pharmaceutical and food industries in these countries. Western Europe is expected to dominate the global polyhydroxybutyrate market owing to presence of paper and biodegradable packaging industries. In this region, countries such as Germany, UK, Italy, and Sweden are anticipated to be leading consumer of polyhydroxybutyrate markets and are expected to witness above average growth in the next coming years. North America is expected to witness a steady growth in the usage of biodegradable plastic and paper over the forecast period. U.S is predicted to be the leading polyhydroxybutyrate consumer in this region followed by Mexico and Canada. Latin America is also predicted to show a positive growth in the usage of polyhydroxybutyrate over the forecast period. The Middle East & Africa is estimated to witness substantial growth over the forecast period. This is mainly due to increasing technological advancement together with implementation of cultivation techniques to boost crop production is expected to uplift the product demand in countries like South Africa.
Global Polyhydroxybutyrate Market: Market Participants
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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On the basis of applications, global polyhydroxybutyrate market can be segmented as
- Medical Devices
- Mulch Films
On the basis of end use industry, global polyhydroxybutyrate market can be segmented as
- Food & Beverage Industry
- Automotive Industry
- Pharmaceutical Industry
- Agriculture Industry
Some of the main market participants of global polyhydroxybutyrate market are namely
- BASF SE
- TianAn Biologic Materials Co., Ltd.
- POLYHYDROXYBUTYRATE Industrial S.A
- Telles, LLC
- TEPHA INC
- Wacker Chemie AG
- Triveni Interchem Pvt Ltd
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint