Polyhydroxy Butyrate Market

1. Analysis of Polyhydroxy Butyrate Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~15% During 2024-2036 and Attain ~USD 766 Million by 2036 Research Nester assesses the growth and market size of global polyhydroxy butyrate market which is anticipated to be on account of the increasing adoption of ecofriendly items and research & development. New York – November 1, 2023 Research Nester’s recent market research analysis on “Polyhydroxy Butyrate Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global polyhydroxy butyrate market in terms of market segmentation by application, end- user, and by region. Growing Concern for the Biodegradability & Non-Toxicity to Promote Global Market Share of Polyhydroxy Butyrate The growth of the market is because of the growing customer demand for eco-friendly items, governments and manufacturers worldwide are concentrating their efforts on adopting these products. It has increased the need for polyhydroxy butyrate in the production of various goods as mulch films, medical equipment, and packaging materials. Sustainable products saw a 2.7x greater rate of growth than non-sustainable ones. With a 32% growth share, sustainable products currently hold a 17% market share overall. Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-1127 In addition to these, considerable resources are being allocated to research and development endeavors aimed at improving the characteristics and yield of polyhydroxy butyrate. This has increased the

2. potential applications of polyhydroxy butyrate by resulting in the synthesis of variations with enhanced mechanical strength, thermal stability, and processability. Some of the major growth factors and challenges that are associated with the growth of the global polyhydroxy butyratemarket are: Growth Drivers: Surge in Government Initiatives Rising Need for Biodegradability and Non-Toxicity Challenges: The primary obstacle for manufacturers in the industry is the elevated cost of the product. Nevertheless, the cost may decrease soon if more market participants participate in the industry. Petrochemical prices are rising as a result of the depletion of petroleum reserves, which raises the cost of petrochemicals and, in turn, petrochemical-based polymers. This is anticipated to increase demand for alternative, less expensive biodegradable polymers. The cost of polyhydroxy butyrate-based polymers is high in comparison to conventional polymers. PHB are brittle and stiff and poor thermal properties are some of the major factors anticipated to hamper the global market size of polyhydroxy butyrate. Request for customization @ https://www.researchnester.com/customized-reports-1127 By application, the global polyhydroxy butyratemarket is segmented into packaging, mulch films, and medical devices. The packaging segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The growth of the market is due to the negative impacts of non-biodegradable packaging and the growing

3. customer desire for biodegradable packaging. Because traditional plastics can take up to 1,000 years to degrade, biodegradable polymers are a sought-after environmentally benign substitute. Every year, 141 million tonnes of plastic packaging are produced worldwide. Approximately one- third of all plastic packaging sold worldwide leaks from collecting systems, contaminating the surrounding area. Every year, the usage, production, and disposal of plastics add around 1.8 billion tonnes of carbon emissions. In addition, the growth of the market is due to its superior thermoplastic properties and greater resemblance to synthetic polymers, polyhydroxy butyrate (PHB) finds considerable application in synthetic packaging. By region, the North America polyhydroxy butyratemarket is to generate the highest revenue by the end of 2036. This growth is anticipated by the use of biodegradable plastic paper during the anticipated time frame. The US is expected to consume the most polyhydroxy butyrate in this region, with Mexico and Canada following closely behind. This report also provides the existing competitive scenario of some of the key players of the global polyhydroxy butyratemarket which includes company profiling of PHB Industrial S.A., Biomer, BASF SE, Biome Technologies PLC, Tepha Inc., Wacker Chemie AG, Triveni Interchem Pvt Ltd, Green Dot Bioplastics, Telles, LLC, and others. Access our detailed report @ https://www.researchnester.com/reports/global- polyhydroxybutyrate-market/1127 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon,

4. provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919