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PHB Market 2024 | Growth Drivers, Restraints, and Opportunities

user image 2025-06-16
By: Anuja
Posted in: Business
PHB Market 2024 | Growth Drivers, Restraints, and Opportunities

Report Overview:











The global Polyhydroxybutyrate (PHB) market is projected to reach approximately USD 679.1 million by 2034, rising significantly from USD 146.2 million in 2024. This growth represents a robust compound annual growth rate (CAGR) of 16.6% between 2025 and 2034. The Asia Pacific region leads the market, accounting for a dominant 46.2% share, driven by increasing demand for biodegradable plastics across various industrial sectors.

The Polyhydroxybutyrate (PHB) market is witnessing strong growth due to rising global demand for biodegradable and sustainable plastic alternatives. With increasing environmental regulations and consumer awareness, PHB is gaining traction in packaging, agriculture, and biomedical applications. Technological advancements in microbial production methods are also enhancing PHB’s commercial viability and application versatility.

Key Takeaways:

  • Global Polyhydroxybutyrate (PHB) Market is expected to be worth around USD 679.1 million by 2034, up from USD 146.2 million in 2024, and grow at a CAGR of 16.6% from 2025 to 2034.
  • In 2024, Poly-3-hydroxybutyrate (P3HB) captured a leading 46.3% share in the PHB market type.
  • Plant-based sources dominated the Polyhydroxybutyrate (PHB) market in 2024, accounting for a strong 58.4% share.
  • Packaging applications led the Polyhydroxybutyrate (PHB) market in 2024, holding a significant 37.3% global share.
  • The PHB market size in Asia Pacific reached a strong USD 67.5 million.

https://market.us/wp-content/uploads/2025/04/Polyhydroxybutyrate-PHB-Market-Size.jpg" alt="Polyhydroxybutyrate (PHB) Market Size" width="1216">
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Key Market Segments:


By Type

  • Poly-3-hydroxybutyrate (P3HB)
  • Poly-4-hydroxybutyrate (P4HB)
  • Poly-3-hydroxybutyrate-co-3-hydroxyvalerate (PHBV)
  • Poly-3-hydroxybutyrate-co-3-hydroxyhexanoate (PHBH)
  • Others

By Source

  • Plant-based
  • Bacteria-based
  • Others

By Application

  • Packaging
  • Biomedical
  • Pharmacological
  • Veterinary
  • Agriculture
  • Personal Care
  • Others

Drivers

  • Rising demand for biodegradable plastics in sectors such as packaging, agriculture, and healthcare driven by environmental concerns and regulatory mandates banning single-use plastics.
  • Environmental & Regulatory Push: Growing eco-awareness and stricter policies on plastic waste are driving industries toward biodegradable alternatives like PHB.

Restraining Factors

  • Production Cost: The higher cost of PHB compared to conventional plastics limits its widespread uptake.
  • Performance Constraints: Issues like brittleness and limited thermal stability restrict its use in high-performance applications.

Opportunities

  • Expanding Applications: Companies are exploring PHB in sustainable packaging, agriculture films, and medical products sectors increasingly prioritizing biodegradable solutions.
  • Technological Advances: Continued improvements in microbial fermentation and production yield are making PHB more commercially attractive.

Trends

  • Cross-sector Utilization: PHB is being adopted across multiple industries from packaging to healthcare demonstrating its versatile appeal.

Market Key Players:

  • BioCrick BioTech
  • Becton, Dickinson and Company
  • Polysciences Inc
  • TianAn Biologic Materials Co., Ltd.
  • Kaneka Corporation
  • Newlight Technologies
  • Bluepha PHA
  • PhaBuilder
  • Other Key Players

Conclusion









The Polyhydroxybutyrate (PHB) market is experiencing significant growth as industries and governments increasingly prioritize sustainable and eco-friendly materials. With global environmental regulations tightening and consumer demand for biodegradable products rising, PHB has emerged as a promising alternative to conventional plastics. Its applications in packaging, agriculture, and biomedical sectors are expanding rapidly, supported by advancements in production technologies and microbial synthesis.

























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