Global PHB Market Overview | Key Developments and Forecast
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.

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