Polyhydroxybutyrate Market Snapshot | Growth Rate and Trends
Report Overview:
The global Polyhydroxybutyrate (PH 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 (PH 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.