Global white biotechnology market was valued at USD 237.8 billion in 2019 and is expected to grow at a CAGR of 10.1% over the forecast period from 2020 to 2028. Rising adoption of enzyme technology plays a major role in the development of white biotechnology market. Usage of enzyme technology in industries is increasing and driving the demand for white biotechnology industry.
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Adoption of biodegradable products as ideal raw materials for various industrial applications. The long trail of harmful side effects rendered by the use of various harmful synthetic products have instigated various advances in sustainable production and manufacturing expeditions, thus marking advances in white biotechnology. Adroit Market Research investigates global white biotechnology market in great detail to unravel minute details and ongoing market developments that collectively guide sustainable revenue pools in global white biotechnology market.
White biotechnology alternatively known as industrial biotechnology is the adoption of microorganisms along with various enzymes deployed for the production and manufacture of various industrial products such as energy carriers, chemicals, plastics, pharmaceuticals.
White biotechnology adopts various are materials as well as agricultural waste obtained multiple sources such as forest and agricultural products to produce organic end-products appropriately substituting harmful pollutants.
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White biotechnology tactics are rampantly used to improve various industrial production and manufacturing practices. Various organic sources such as yeast, bacteria, enzymes and molds are used in full strength to offer biodegradable products for improved industrial production systems. The primary aim of white biotechnology is to improve functional attributes of industrial applications, eliminating harmful side effects of the same. Some of the prominent end-use applications of white biotechnology products are found in pharmaceuticals and agricultural applications. White biotechnology products besides being sustainable and eco-friendly also prove to be energy efficient with reduced production costs besides being highly effective for modern manufacturing facilities.
High profile research practices driven by hefty funds from the government as well as corporates are expected to trigger high returns in the coming years, besides tremendous participation from matured economies such as North America which currently holds the largest share and is expected to continue the trend concludes the report. North America currently holds the largest share in white biotechnology market owing to the presence of significant number of major players across the region along with growing investments by the established firms. However, Asia Pacific is going to record growth at a faster pace on account of growing geriatric population especially across emerging economies such as India, China, and Japan in particular. Furthermore, the market growth across the Asia Pacific region is attributed to rising government focus on development of advanced healthcare facilities for the growing population.
The prominent players operating in global white biotechnology market includes Novozyme, Kaneka Corporation, Biosphere, DSM, AkzoNobel, BASF SE, Henkel AG, Du Pont Danisco, Solazyme, Amyris among other prominent players.
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Key segments of the global white biotechnology market
Product Overview, 2018-2028 (USD Billion)
- Biofuels
- Biomaterials
- Biochemicals
- Industrial Enzymes
Application Overview, 2018-2028 (USD Billion)
- Bioenergy
- Food & feed additives
- Pharmaceutical ingredients
- Personal care & household products
- Others
Regional Overview, 2018-2028 (USD Billion)
- North America
- S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East and Africa
What does the report include?
- The study on the global white biotechnology market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of applications, product, technology and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
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