Polyhydroxy Butyrate (PHB) Price Trend and Forecast

Polyhydroxy Butyrate (PHB) Regional Price Overview

Get the latest insights on price movement and trend analysis of Polyhydroxy Butyrate (PHB) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polyhydroxy Butyrate (PHB) Price Trend for the Second Half of 2023

In the industrial sector, polyhydroxy butyrate is becoming more popular because of its biodegradability and renewability. In recent times, the polymer has become a desirable option since downstream industries are looking for sustainable alternatives to traditional plastics due to growing environmental concerns.
 

Polyhydroxy Butyrate (PHB) Price Chart

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The production of the polymer is now more affordable and scalable due to biotechnological process developments, which have led to its diversification in a variety of industries, including packaging, biomedical applications, and agricultural films.

The end phase of the year 2023 experienced month-on-month fluctuations in the prices of polyhydroxy butyrate (PHB) as the shifting dynamics of consumer demand and rising challenges in the trading activities limited the availability of the material in some areas and raised the inventories in others.

However, in the first few months of H2, the rising awareness about the environmental benefits of biodegradable polymers such as PHB and rising government initiatives in this sector led to an increase in the number of sales and supported the uptrend in the prices of polyhydroxy butyrate (PHB). However, the market trajectory of packaging industries and delays in agricultural seasons projected a negative influence on the polyhydroxy butyrate (PHB) market, resulting in the oscillating motion of its prices during the end months of the year 2023.

Analyst Insight

According to Procurement Resource, the price of Polyhydroxy Butyrate (PHB) is expected to fluctuate on account of disruptions in European trade routes and shifts in consumer preferences.
 

Polyhydroxy Butyrate (PHB) Price Trend for the First Half of 2023

During the first two quarters of the year 2023, various factors contributed to determining PHB price trend. The rising need for more eco-friendly and biodegradable solutions called for high demands from bioplastics and packaging industries. It is also increasingly being used as a polymer blend for its brittleness and antimicrobial attributes. These factors supported the rising market trend.

However, the simplicity of its production, coupled with a consistent fall in crude oil and energy prices, kept a tap on the upstream costs, tugging the price trend from the other side. With these multiple influences, the Polyhydroxy Butyrate market remained afloat during the said period.

Analyst Insight

According to Procurement Resource, with the growing interest in environment-friendly and biodegradable plastics, Polyhydroxy Butyrate is gaining popularity; thus, the market is expected to grow further in the coming times.

Procurement Resource provides latest prices of Polyhydroxy Butyrate (PHB). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.