Polyhydroxybutyrate (PHB) Market
Size, Share | CAGR of 16.6% by 2034
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:
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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.
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Key Market Segments:
By Type
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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
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Plant-based
Bacteria-based
Others
By Application
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Packaging
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Biomedical
Pharmacological
Veterinary
Agriculture
Personal Care
Others
Drivers
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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 ecoawareness and stricter policies on plastic waste are
driving industries toward biodegradable alternatives like
PHB.
Restraining Factors
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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 highperformance applications.
Opportunities
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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
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Cross-sector Utilization: PHB is being adopted across
multiple industries from packaging to healthcare
demonstrating its versatile appeal.
Market Key Players:
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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.