Polyhydroxyalkanoate (PHA) is a type of bioplastic that is produced in nature, but also manufactured by humans due to its relative sustainability as a plastic material. In 2023, the global market value of PHA was estimated to be 57.8 million U.S. dollars. This is expected to grow to 98.5 million U.S. dollars by 2028 due to the increased global demand for biodegradable plastics. This is being fueled by government policies and regulations against single use plastics, among other concerns about plastic waste.
Market value of polyhydroxyalkanoate (PHA) worldwide in 2022, with a forecast for 2028 (in million U.S. dollars)
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Market Data Forecast. (March 31, 2023). Market value of polyhydroxyalkanoate (PHA) worldwide in 2022, with a forecast for 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1010383/global-polyhydroxyalkanoate-market-size/
Market Data Forecast. "Market value of polyhydroxyalkanoate (PHA) worldwide in 2022, with a forecast for 2028 (in million U.S. dollars)." Chart. March 31, 2023. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1010383/global-polyhydroxyalkanoate-market-size/
Market Data Forecast. (2023). Market value of polyhydroxyalkanoate (PHA) worldwide in 2022, with a forecast for 2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1010383/global-polyhydroxyalkanoate-market-size/
Market Data Forecast. "Market Value of Polyhydroxyalkanoate (Pha) Worldwide in 2022, with a Forecast for 2028 (in Million U.S. Dollars)." Statista, Statista Inc., 31 Mar 2023, https://www.statista.com/statistics/1010383/global-polyhydroxyalkanoate-market-size/
Market Data Forecast, Market value of polyhydroxyalkanoate (PHA) worldwide in 2022, with a forecast for 2028 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1010383/global-polyhydroxyalkanoate-market-size/ (last visited May 13, 2024)
Market value of polyhydroxyalkanoate (PHA) worldwide in 2022, with a forecast for 2028 (in million U.S. dollars) [Graph], Market Data Forecast, March 31, 2023. [Online]. Available: https://www.statista.com/statistics/1010383/global-polyhydroxyalkanoate-market-size/