LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global polyhydroxyalkanoate (PHA) market report. This research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
The high demand for environment-friendly products is driving the sales of the global PHA market. The increasing use of PHA in packaging, biomedical, consumer goods, agriculture, and other applications is also driving the market's growth. The demand for biodegradable products is very high due to the stringent government regulations on conventional plastics globally and the increased funding in R&D for the development of environment-friendly products.
Competitive vendor landscape
Currently, the global PHA market is small but has a lot of growth opportunities. The bioplastic segment contributes a very small share to the global plastics market. Hence, it offers numerous opportunities for the development and manufacturing of bioplastics. Most vendors are focusing on the manufacturing of PHA using different technologies.
“Vendors have also patented their innovative technologies. With the increasing growth of the market and technology, these patents can help the vendors to establish themselves in the market and earn large market shares. Currently, the market is highly competitive due to the presence of numerous vendors. With the increasing use of PHAs, more players will enter the market,” says Shakeel Iqbal, a lead bio-chemicals and bio-materials research analyst from Technavio.
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Top six PHA market vendors
BioMatera
BioMatera has its own innovative process for producing a range of fully biodegradable polymers from renewable raw materials. These polymers are part of PHAs. These are used in the manufacturing of food packaging, agricultural products, inks, cosmetics, and biomedical.
Bio-on
The company produces PHA from renewable sources. The company is planning to set up its second bioplastic production plant for medical and bioremediation purposes. Bio-on has also set up a new company named Bio-on Plants for the increasing demand of PHAs.
Danimer Scientific
Danimer Scientific is a manufacturer of biopolymers. The company has patented its novel biopolymer Nodax mcl-PHA. It stores PHA polyesters for energy and biodegradable in the air, soil, and water. This property widens its applications in various industries. The company produces a wide range of polymers to support various applications.
TianAn Biologic Materials
TianAn Biologic Materials produces polyhydroxy-butyrate-co-valerate (PHBV). The company production capacity is 2,000 metric tons per year. The company has patented its water-based extraction technology for PHBV production.
Tianjin GreenBio Materials
Tianjin GreenBio Materials produces biodegradable bio-based polymers. Its main product is P3HB that uses sucrose as the substrate. The company produces 10,000 tons P3HB per year. The key products of the company are pure resin, films, injection molding, and foam.
Yield10 Bioscience
Yield10 Bioscience produces PHA using corn as the main substrate and the main product for PHA is Mirel PHB. PHB is the simplest form of the PHA biopolymer family. The company has a production capacity of up to 50,000 tons per year. The company uses proprietary industrial fermentation and biopolymer recovery process to produce Mirel PHB.
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