Polyhydroxyalkanoate Market Size Forecast to Reach $106 Million by 2026 Rising Demand From the Packaging Industry, Prospering Bio-Clinical Industry, and Advantageous Properties of Polyhydroxyalkanoate are the Prime Development Drivers of the Polyhydroxyalkanoate Market
BriefingWire.com, 5/14/2021 - Polyhydroxyalkanoate Market size is forecast to reach $106 million by 2026, after growing at a CAGR of 8.5% during the forecast period from 2021-2026. Rising demand from the packaging industry, prospering bio-clinical industry, and advantageous properties of polyhydroxyalkanoate are the prime development drivers of the polyhydroxyalkanoate market. Furthermore, an increase in the adoption of polyhydroxyalkanoate for application in newer industrial verticals, and emerging economies will create new opportunities for the growth of the global polyhydroxyalkanoate industry in the forecast era.
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The global polyhydroxyalkanoate (PHA) market is estimated to be USD 62 million in 2020 and is projected to reach USD 121 million by 2025, growing at a CAGR of 14.2% between 2020 and 2025.
Factors such as stringent environmental laws and customer awareness will drive the polyhydroxyalkanoate (PHA) market. The major restraints for the market will be higher price of PHA as compared to the conventional polymers and performance issues related to its properties. However, the increasing scope in end-use segments and emergence of new raw materials will act as an opportunity for the market.
Short chain length is the largest type for polyhydroxyalkanoate (PHA) in 2019
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Global Polyhydroxyalkanoate (PHA) Market (2020 to 2025) - Increasing Scope in End-use Segments Presents Opportunities - ResearchAndMarkets.com
February 11, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 11, 2021
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The global polyhydroxyalkanoate (PHA) market is estimated to be USD 62 million in 2020 and is projected to reach USD 121 million by 2025, growing at a CAGR of 14.2% between 2020 and 2025.
Factors such as stringent environmental laws and customer awareness will drive the polyhydroxyalkanoate (PHA) market. The major restraints for the market will be higher price of PHA as compared to the conventional polymers and performance issues related to its properties. However, the increasing scope in end-use segments and emergence of new raw materials will act as an opportunity for the market.