Polyhydroxybutyrate (PHB) Market Value Is Estimated to Reach USD 283.53 million by 2028, With 18.50% CAGR – Credence Research

Polyhydroxybutyrate (PHB) Market Value Is Estimated to Reach USD 283.53 million by 2028, With 18.50% CAGR – Credence Research

September 13
20:38 2022
Polyhydroxybutyrate (PHB) Market Value Is Estimated to Reach USD 283.53 million by 2028, With 18.50% CAGR - Credence Research
Some of the major players in the market are BASF SE, Biomer, TianAn Biologic Materials Co., Ltd., POLYHYDROXYBUTYRATE Industrial S.A, BIO-ON, Telles, LLC, TEPHA INC, Wacker Chemie AG and Triveni Interchem Pvt Ltd.

The latest market report published by Credence Research, Inc. “Global Polyhydroxybutyrate Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Polyhydroxybutyrate Market generated revenue of around USD 102.4 million in 2021 and is anticipated to grow a CAGR of over 18.50% during the forecast period from 2022 to 2028 to reach around USD 283.53 million in 2028. 

The market for biodegradable polymers is driven by the expansion of environmental regulations and growing concern about the accumulation of plastic waste, increasing demand for polyhydroxybutyrate. Due to its thermoplastic characteristics, which closely mimic those of synthetic polymers, PHB is in high demand. This aids several synthetic plastic-based applications. PHB is commonly used in this environmentally conscious era since it mitigates the negative effects of traditional, petroleum-based plastics and non-degradable polymers. Due to the increased replacement of polyolefin products like polyethylene (PE) and polypropylene with polyhydroxybutyrate, there will be several growth opportunities during the predicted timeframe (PP). PHB has a wide range of advantages, including its use in medical applications, biocompatibility, and nanotechnology, which fuel market demand and offer several opportunities for market expansion globally. However, PHB’s poor mechanical properties and high production costs restrict its use in various applications and impede the market’s growth.

Let’s learn more with complete Table of Content, List of Figure & List of Table–  https://www.credenceresearch.com/report/polyhydroxybutyrate-market

The global polyhydroxybutyrate market is segmented into application, end-use industry, and geography. Based on application, the polyhydroxybutyrate market is categorized into medical devices, mulch films, packaging, and others. Based on the end-use industry, the polyhydroxybutyrate market is segmented into the food & beverage industry, automotive industry, pharmaceutical industry, agriculture industry, and others. The polyhydroxybutyrate market is segmented geographically into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

In 2021, Asia Pacific will dominate the global polyhydroxybutyrate market. Growing industrialization and disposable income are driving market demand. The growing demand for packaging films and items also drives up market demand. Due to several other factors, including growing industrialization, rising disposable income, rising environmental concerns, expanding consumer demand for packaged foods and packaging films, and strict regulations on the use of plastics in consumer goods, the market is anticipated to expand throughout the forecast period. According to the Japan Ministry of Environment, 2 million metric tons of bioplastics will be utilized annually by 2030.

Why To Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global polyhydroxybutyrate market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
  • In-depth analysis of the global polyhydroxybutyrate market segmentation based on the application and end-use industry.
  • Major countries in each region with their import/export statistics.
  • The global polyhydroxybutyrate market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

Table of Content-

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Polyhydroxybutyrate Market

2.2. Global Polyhydroxybutyrate Market, By Applications

2.3. Global Polyhydroxybutyrate Market, By End Use Industry

2.4. Global Polyhydroxybutyrate Market, By Region

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Polyhydroxybutyrate Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Applications

3.3.2. End Use Industry

3.3.3. Geography

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Type Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

6. COVID 19 Impact Analysis

6.1. Global Polyhydroxybutyrate Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

7. Global Internet of Things Market

7.1. Global Polyhydroxybutyrate Market, by Applications, 2016-2028(US$ Bn)

7.1.1. Overview

7.1.2. Global Polyhydroxybutyrate Market, By Applications, 2021 vs 2028 (in%)

7.1.3. Global Polyhydroxybutyrate Market, By Medical Devices, 2016-2028 (US$ Bn)

7.1.4. Global Polyhydroxybutyrate Market, By Mulch Films, 2016-2028 (US$ Bn)

7.1.5. Global Polyhydroxybutyrate Market, By Packaging, 2016-2028 (US$ Bn)

7.1.6. Global Polyhydroxybutyrate Market, By Others, 2016-2028 (US$ Bn)

7.2. Global Polyhydroxybutyrate Market, by End Use Industry, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Global Polyhydroxybutyrate Market, By End Use Industry, 2021 vs 2028 (in%)

7.2.3. Global Polyhydroxybutyrate Market, By Food & Beverage Industry, 2016-2028 (US$ Bn)

7.2.4. Global Polyhydroxybutyrate Market, By Automotive Industry, 2016-2028 (US$ Bn)

7.2.5. Global Polyhydroxybutyrate Market, By Pharmaceutical Industry, 2016-2028 (US$ Bn)

7.2.6. Global Polyhydroxybutyrate Market, By Agriculture Industry, 2016-2028 (US$ Bn)

7.2.7. Global Polyhydroxybutyrate Market, By Others, 2016-2028 (US$ Bn)

8. North America Polyhydroxybutyrate Market Analysis


9. Europe Polyhydroxybutyrate Market Analysis


10. Asia Pacific Polyhydroxybutyrate Market Analysis


11. Latin America Polyhydroxybutyrate Market Analysis


12. Middle East and Africa Polyhydroxybutyrate Market Analysis


13. Company Profiles

13.1. BASF SE

13.1.1. Company Overview

13.1.2. Products/Services Portfolio

13.1.3. Geographical Presence

13.1.4. Financial Summary Market Revenue and Net Profit (2019-2021) Business Segment Revenue Analysis Geographical Revenue Analysis

13.2. Biomer

13.3. TianAn Biologic Materials Co., Ltd.


13.5. BIO-ON

13.6. Telles, LLC


13.8. Wacker Chemie AG

13.9. Triveni Interchem Pvt Ltd 

Let’s learn more with complete Table of Content, List of Figure & List of Table– https://www.credenceresearch.com/report/polyhydroxybutyrate-market

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