The Asia Pacific Polyhydroxyalkanoate (PHA) Market would witness market growth of 15.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 7,934.2 tonnes, showcasing a growth of 30.6% (2020-2023).
Medium chain length polyhydroxyalkanoates (mcl-PHAs) are valuable materials in the PHA market due to their distinct properties and versatile applications. These polymers have longer molecular chains compared to short-chain length PHAs, resulting in enhanced flexibility, toughness, and elasticity. Thus, the India market is expected to utilize 1,361.53 kilo tonnes of mcl-PHAs by 2031.
The China market dominated the Asia Pacific Polyhydroxyalkanoate (PHA) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $20,086.5 Thousands by 2031. The Japan market is showcasing a CAGR of 14.9% during (2024 - 2031). Additionally, The India market would register a CAGR of 16.4% during (2024 - 2031).
PHA-based mulch films help control weed growth, retain soil moisture, and improve crop yields. In addition to improving overall crop health, they act as an efficient barrier against weeds and permit water, air, and nutrients to penetrate the soil.
Moreover, PHA-based mulches biodegrade following use, eliminating the need for removal, and mitigating plastic pollution in agricultural environments, in contrast to conventional plastic mulches. This aligns with sustainable farming practices and environmental stewardship. PHA coatings can encapsulate fertilizers, pesticides, and other agrochemicals, allowing for controlled release over time.
The increasing adoption of sustainable farming practices and the growing awareness of environmental issues drive the demand for biodegradable mulch films in India. PHA-based plant pots and nursery trays are used for seedling production and transplanting in nurseries and horticulture operations in India. Adopting biodegradable plant pots aligns with India's sustainable farming practices and environmental conservation efforts. PHA-based crop covers protect crops from weeds, pests, and adverse weather conditions, promoting sustainable crop production practices in India.
Free Valuable Insights: The Global Polyhydroxyalkanoate (PHA) Market is Predict to reach USD 276.1 Million by 2031, at a CAGR of 15.1%
Based on Type, the market is segmented into Short Chain Length and Medium Chain Length. Based on Production Method, the market is segmented into Sugar Fermentation, Vegetable Oil Fermentation, and Methane Fermentation. Based on Application, the market is segmented into Packaging & Food Services, Biomedical, Agriculture, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Million, 2030-2031)
By Production Method (Volume, Tonnes, USD Million, 2030-2031)
By Application (Volume, Tonnes, USD Million, 2030-2031)
By Country (Volume, Tonnes, USD Million, 2030-2031)
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