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Polyhydroxyalkanoates (PHA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23327
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Polyhydroxyalkanoates (PHA) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polyhydroxyalkanoates (PHA) | Chemical | India | 3685 USD/MT |
The price of PHA in India for Q4 2023 reached 3685 USD/MT in December.
Polyhydroxyalkanoates (PHA) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyhydroxyalkanoates (PHA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of PHA pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of PHA price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing PHA price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polyhydroxyalkanoates (PHA) Market Analysis
The global polyhydroxyalkanoates (PHA) market size reached US$ 167.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 556.8 Million, at a projected CAGR of 14.25% during 2023-2032.
- Growing awareness about plastic pollution and its detrimental effects on ecosystems is driving the demand for biodegradable alternatives like PHA. Its ability to break down naturally reduces landfill waste and ocean pollution, aligning with global efforts to mitigate environmental damage caused by traditional plastics, thereby contributing to the market expansion.
- Additionally, increasingly stringent government regulations on plastic use and waste management are encouraging the adoption of eco-friendly materials. PHAs, being biodegradable and derived from renewable resources, comply with these regulations, making them an attractive option for manufacturers seeking to meet legal requirements and avoid penalties, which is aiding in market expansion.
- Moreover, the push towards sustainable packaging solutions in the consumer goods industry spurring the demand for PHAs is acting as another significant growth-inducing factor. Brands are seeking to reduce their environmental footprint by using biodegradable packaging, and PHA's versatile properties make it suitable for various packaging applications, from food containers to cosmetic bottles.
- Besides this, the surging use of PHA to produce biodegradable agricultural films and other farming materials is providing an impetus to the market growth. These materials decompose naturally, reducing the environmental impact of agriculture and enhancing soil health, thereby promoting the adoption of PHAs in the agricultural sector.
- Furthermore, PHA's biocompatibility makes it ideal for medical applications such as sutures, drug delivery systems, and tissue engineering. Consequently, the rising demand for biocompatible materials in healthcare, driven by advancements in medical technology and increasing health consciousness is fueling the growth of the PHA market.
- Also, increasing consumer preference for environmentally friendly products is boosting the PHA market. As more consumers become aware of the environmental impact of their purchases, they are opting for products made from sustainable materials like PHA, encouraging manufacturers to adopt these biopolymers.
- Likewise, PHA production has a lower carbon footprint compared to conventional plastic manufacturing, as it uses renewable resources and generates fewer greenhouse gases (GHG). This environmental benefit is driving industries to switch to PHA to reduce their overall carbon emissions and support sustainability goals.
- Apart from this, the growing need for effective waste management solutions is promoting the use of biodegradable materials like PHA. PHAs can be composted, reducing the burden on landfills and promoting a circular economy where materials are reused and recycled, which further encourages the demand for these bioplastics.
Polyhydroxyalkanoates (PHA) News
The report covers the latest developments, updates, and trends impacting the global PHA market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in PHA production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the PHA price trend.
Latest developments in the polyhydroxyalkanoates (PHA) industry:
- In January 2024, Paques Biomaterials raised €14 million in its latest funding round, with investment from the Dutch Investment Agency (Invest-NL) and NOM, the investment and development company for Northern Netherlands. The new capital will be used to construct a Caleyda Extraction Facility in Emmen, Drenthe. This facility will enhance PHA production capacity, with operations set to begin in 2026 and sales starting in 2027.
- In September 2023, Lummus Technology and RWDC Industries entered a binding Joint Development and Commercial Cooperation Agreement (JDCCA) to expand manufacturing and global licensing of polyhydroxyalkanoates (PHA). The partnership aims to accelerate the production and distribution of sustainable biopolymer materials worldwide, leveraging Lummus's process technologies and RWDC's biotechnology expertise.
Product Description
Polyhydroxyalkanoates (PHA) are a class of bio-polyesters produced by various microorganisms through the fermentation of sugar or lipids. They are biodegradable and biocompatible, making them a sustainable alternative to conventional plastics derived from petrochemicals. PHAs are synthesized by bacteria as intracellular carbon and energy storage compounds, which can be harvested and processed into a variety of plastic materials. Their molecular structure can vary, leading to a wide range of physical properties that can be tailored for specific applications.
PHA has a broad range of applications due to its versatile properties. It is used in packaging, agricultural films, and disposable items, offering an eco-friendly solution to plastic waste. In the medical field, PHA's biocompatibility makes it suitable for applications such as sutures, wound dressings, and drug delivery systems. Its ability to degrade naturally within the human body without eliciting an adverse reaction highlights its potential in medical implants and tissue engineering.
Regional Coverage
The report provides a detailed analysis of the PHA market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the PHA price trend.
Global Polyhydroxyalkanoates (PHA) Price
The report offers a holistic view of the global PHA pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Polyhydroxyalkanoates (PHA) Price
European PHA prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed PHA price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyhydroxyalkanoates (PHA) Price
The analysis of PHA prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on PHA prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polyhydroxyalkanoates (PHA) Price
The report explores the PHA pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on PHA prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyhydroxyalkanoates (PHA) Price
The PHA pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This analysis can be further extended to include detailed PHA prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyhydroxyalkanoates (PHA) Price
The analysis of PHA prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polyhydroxyalkanoates (PHA) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of PHA pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting PHA price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the PHA industry.
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