)--Technavio has been monitoring the polyhydroxyalkanoate market and it is poised to grow by $ 18.66 mn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. View market snapshot before purchasing
The increasing demand for biodegradable plastics has been instrumental in driving the growth of the market. However, the cost-effectiveness of conventional plastics over PHAs might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. polyhydroxyalkanoate market report covers the following areas:
This study identifies increasing demand for PHAs in the biomedical industry as one of the prime reasons driving the polyhydroxyalkanoate market growth during the next few years.
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- Polyhydroxyalkanoate Market Industry Analysis
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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