Global Polyhydroxy Butyrate Market Market Overview:
Polyhydroxybutyrate is a biopolymer made from microorganisms. It is a kind of polyhydroxyalkanoate and is synthesized through the fermentation process. These are thermoplastic polymers with properties similar to petroleum-based polypropylene. Polyhydroxybutyrate is a biodegradable polymer widely used in the manufacture of medical device packaging and mulch films. Increasing consumer awareness of the negative impacts of non-biodegradable packaging materials by environmental agencies is the factor that drives market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Consumer Awareness of the Negative Impacts of Non-Biodegradable Packaging Materials by Environmental Agencies.
Market Growth Drivers:
Rising In the Regulation Regarding the Environment, Increasing Concern for Plastic Waste Accumulation and Increasing Preference for Packaged Food Due to Easy Availability
Challenges:
High Production Cost of Biopolymers.
Restraints:
Polyhydroxy Butyrate Being Brittle and Thermally Unstable During Processing
Opportunities:
Increasing Use of Polyhydroxy Butyrate as a Replacement of Polyolefin Commodities like Polyethylene and Polypropylene.
Competitive Landscape:
The major key players use different strategies to maintain their market share in the global Polyhydroxy butyrate market. These strategies include mergers and acquisitions, collaborations, the establishment of joint ventures, partnership formation, and development of new production processes, creation of new product lines, innovation of existing products, and many other strategies to increase the customer base and tap into the untapped global market of polyhydroxy butyrate market.
Some of the key players profiled in the report are Biome Technologies Plc. (United Kingdom), Kaneka Corporation (Japan), Base Se (Germany), Polyferm Canada (Canada), Full Cycle Bioplastics (United States), Cardia Bioplastics (Australia), Tianjin Greenbio Materials Co., Ltd (China), Tianan Biologic Materials Co., Ltd. (China), Green Dot Bioplastics (United States) and Agrana Beteiligungs (Austria). Considering Market by End-Users, the sub-segment i.e. Food & Beverage Industry will boost the Polyhydroxy Butyrate Market market.
Latest Market Insights:
In January 2020, BASF SE closed the acquisition of Solvay's polyamide business. The acquisition allowed the company to expand into markets in Asia and North and South America. The acquisition between BASF SE and Solvay included eight production facilities in Germany, France, China, India, Korea, Brazil, and Mexico. He also helped BASF SE establish research and development centers in Asia and the Americas.
What Can be Explored with the Polyhydroxy Butyrate Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Polyhydroxy Butyrate Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Polyhydroxy Butyrate Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polyhydroxy Butyrate Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Polyhydroxy Butyrate Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Association, Distributors, Manufacturers, Raw Material Supplier, Potential investor and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.