A quick overview of the market where Bioextrax focuses on its three business areas: PHA (bioplastics), protein ingredients for animal feed and microfibres.

The PHA market

PHA (polyhydroxyalkanoate) turnover is expected to reach 950 MSEK by 2024, with an annual growth rate of approximately 11,2 percent. The market is driven by a rising demand from PHA industries within packaging och food service, biomedical, agriculture and others.

As PHAs are biosynthesized and stored in bacterial cells, efficient purification methods are required to convert the PHAs to qualities suitable for industrial use.

The unique features of Bioextrax’ technology are;

  • it is completely bio-based, free of chemicals and solvents,
  • it produces intact PHA granules,
  • it leaves a nutrient-rich solubilized non-PHA bacterial biomass as a co-product (20-50 weight % of cell biomass), and
  • it enables more than 50% cost reduction compared to other PHA-purification methods.

With Bioextrax’ technology the production cost is significantly reduced while producing a higher quality product in a more environmentally friendly way.

Increased awareness among consumers and decision makers, results in legislation and increased environmental focus from plastics producers and users. These are the most important drivers for the plastics industry. The European Union´s commitment to a transformation from a linear model to a circular model has accelerated the growth. Bioplastics is key in the transformation by replacing fossil resources with renewable resources.

PHAs are also per definition biodegradable in natural environments and do not release any toxins during degradation. Thanks to their versatile application areas, origin from bio-based raw materials and biodegradability, PHAs are considered to be one of the most promising bioplastics for the future.

Protein ingredients for animal feed

The global market for protein ingredients for animal feed will exceed USD 245 billion in 2026. Increased awareness about protein consumption, an increased demand for healthy and safe animal feed, ban on antibiotics and animal welfare have resulted in increased demand for alternative protein ingredients in animal feed.

Good access to waste from poultry slaughterhouses, and increased demand for additives for animal feed and a request on diets with high protein content are other factors that promote the market for “feathers-to-feed”.

A 100% bio-based method to convert feathers into feed or food
Using non-GMO bacteria, Bioextrax technology allows the conversion of raw poultry feathers (chicken and turkey) into a protein hydrolysate. The process is 100% chemical free and generates an odour-free and highly digestible (99.7%) protein ingredient suitable as feed, or for human consumption.

Microfibres, first-of-its-kind

Bioextrax has developed a patent-pending and bio-based method to turn poultry feathers into keratin microfibres with intact fibre structure. The first-of-its-kind keratin fibres have a hollow-cylindric structure which yields low density and insulation properties for a variety of applications. The fibre’s small size (30-200 microns) results in a high specific surface area. The material has high thermal stability, good barrier properties, is water insoluble, bio-based, and bio-degradable.

Keratin fibres have high potential for a wide variety of applications, such as in composites, electric circuit boards, insulations, membranes & filtration, packaging, plastic fillers, textiles, etc. Microfibres are considered relevant in a number of industries, airline, agriculture, car industry, construction and packaging.

The most important driver for Bioextrax on these markets is the need for environmentally friendly materials. Bioextrax microfibres are a sustainable replacement to materials that are expensive, fossil-based, non-biodegradable and not renewable. Micro fibres from other raw materials than feathers are used in the following markets:

  • The composite market is expected to grow from USD 90 billion in 2019 to USD 131 billion in 2024.
  • The packaging market – the global and flexible packaging industry is expected to grow from USD 252 billion 2017 to USD 370 billion in 2025, with an annual growth rate of 4,91 percent during 2018-2025. 
  • Plastic additives market, the global market for plastic additives was estimated to approximately USD 7 billion during 2016 and is estimated to reach approximately USD 10 billion 2025.
  • Textile market (non-woven), the market for non-woven textiles is estimated to grow from USD 23 billion 2016 to USD 35 billion 2022.