The North America Polyhydroxyalkanoate (PHA) Market would witness market growth of 14.9% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 5,735.4 tonnes, showcasing a growth of 29.8% (2020-2023).
In the Polyhydroxyalkanoate (PHA) market, short-chain length PHAs (scl-PHAs) play a significant role due to their unique properties and versatile applications. Scl-PHAs are characterized by their shorter molecular chains, which contribute to their distinct physical and mechanical properties compared to their long-chain counterparts. Thus, the Canada market is expected to utilize 3,476.2 tonnes of short-chain length PHAs.
The US market dominated the North America Polyhydroxyalkanoate (PHA) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $60,508.6 Thousands by 2031. The Canada market is experiencing a CAGR of 17.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16.3% during (2024 - 2031).
Biodegradable plastics, known as polyhydroxyalkonates (PHA), are produced when microorganisms digest glucose or sugar. PHA has been used in food, packaging, tissue engineering, orthopedic applications, fixation, bioplastic manufacturing, and agriculture.
Additionally, food, beverages, and personal care products are among the many products that can be packaged using PHA-based films and bags. They offer functionality and performance like traditional plastics but are biodegradable and compostable, reducing environmental impact.
Increasing consumer awareness about environmental issues drives demand for sustainable packaging solutions in Canada's food service industry. Food service establishments can demonstrate their commitment to environmental sustainability by using PHA-based packaging and food service ware, enhancing their brand image and reputation in Canada. Consumers in Canada are becoming increasingly aware of environmental issues such as plastic pollution and climate change, leading to a rising demand for eco-friendly products. Canadian consumers have a growing preference for foodservice products made from renewable and biodegradable materials, including PHAs.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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