London, UK (PRWEB) September 26, 2013
Growing demand for biodegradable materials, governments’ positive attitude towards green purchasing policies, and surging oil costs are attracting a large number of companies to invest in the polyhydroxyalkanoate (PHA) market. Considering a broad range of possible applications and oncoming trends of biodegradable plastics, firms are expecting a remarkable hike in PHA demand in the forthcoming years. To date, high costs and performance issues are the major stumbling blocks for the PHA market.
Moving forward, an increase in PHA production is expected to be followed by a drop in prices for the product, which in turn will boost PHA demand in the years ahead. Most of the players are investing heavily into R&D for increasing the performance of their produced PHA in order to ensure that the new products developed are more distinguished and revolutionary in terms of features than the ones already available. Meredian Inc., Metabolix Inc., Biomer, Shenzhen Ecomann Technology Co. Ltd, and Tianjin GreenBio Materials Co. Ltd, among others, are the leading players in the global PHA marketplace.
Comprehensive research study “Polyhydroxyalkanoate (PHA) Market, By Application (Packaging, Food Services, Bio-medical, Agriculture) & Raw Material — Global Trends & Forecasts to 2018” elaborated by MarketsandMarkets (M&M) has been recently published by Market Publishers Ltd.
Title: Polyhydroxyalkanoate (PHA) Market, By Application (Packaging, Food Services, Bio-medical, Agriculture) & Raw Material — Global Trends & Forecasts to 2018
Published: May, 2013
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