Industrial Biotechnology Market Research Report Covering Prime Factors and Competitive Outlook till 2026 | BASF, Amyris, Borregaard, BioAmber, Codexis, Evolva, Fermentalg, Gevo

The Industrial Biotechnology Market is expected to reach USD 576.89 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with increasing usage for manufacturing biofuels. Based on statistics, increasing use of technology across several industries on account of its multiple advantages such as environmental friendliness, efficient production methods, new raw material chains, low waste generation, reduced manufacturing costs, and raw material consumption is anticipated to have a positive impact on the market over the next few years.

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Key participants include BASF, Amyris, Borregaard, BioAmber, Codexis, Evolva, Fermentalg, Gevo, Global Bioenergies, Deinove, Metabolic Explorer, Novozymes, and Solazyme

The Industrial biotechnology process is cost competitive as it has moderate cost curves as compared to various chemical processes that are primarily based on the use of fossil fuels and have relatively lesser energy needs, lesser number of production steps, and generate more minor waste by-products. Also, this technology is not influenced by price volatilities as it does not compete with oil or crop prices. Biotechnology enables the industrial manufacturing of a broad range of products using several microorganisms and natural metabolic pathways. In the past, these natural products were either not used in an extensive range of industries or just employed in niche markets. However, as of today, various industries have begun the use of these products to comply with many environmental standards which are projected to fuel its demand over the forecast period.

North America dominates the regional market for this technology, accounting for the largest market share of 22.30% in 2018. Substantial funds by the government for R&D in the field and growing demand for green products and chemicals from consumers are the principal factors that have established North America's position in the global market.

For the purpose of this study, Reports and Data have segmented the global Industrial biotechnology Market on the basis of Type, Raw material, application, and region:

Type Outlook (Revenue, USD Million; 2016-2026)
o Biofuel
o Biochemical
o Biomaterial
o BioType

Raw Material Outlook (Revenue, USD Million; 2016-2026)
o Grains & Starch Crops
o Agricultural Residues
o Food Waste
o Forestry Material
o Animal By-Type
o Energy Crops
o Urban & Suburban Waste

Application Outlook (Revenue, USD Million; 2016-2026)
o Food & Feed
o Pharmaceuticals
o Pulp & Paper
o Textile
o Bio Energy

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Regional Outlook (Revenue, USD Million; 2016-2026)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o The Type sector is segmented into Biofuel, Biochemical, Biomaterial, and Bioproduct. Biofuels processed from industrial biotechnology accounts for the largest market share of 38.70% in 2018.
o Biofuel types include bioethanol and biodiesel. The growing use of biodiesel in its pure form in the automotive industry especially in the U.S. and European countries to decrease the level of hydrocarbons, particulates, and carbon monoxide is expected to drive demand over the forecast period.
o Biochemical is extensively manufactured using industrial biotechnology. It is mainly used as a fuel to enhance vehicle efficiency and like gasoline, additives to develop the octane rating of a vehicle. It is expected to witness the highest CAGR of 10% during the forecast period. The growth of the automotive sector is expected to propel process need over the forecast period.
o Application in the pharmaceutical sector is anticipated to be one of the fastest growing forms of industrial biotechnology at a CAGR of 10.2% during the forecast period.
o Advancing technology use in the manufacturing of biopharmaceuticals especially antibodies for cancer treatment, which is not possible to be manufactured via chemical synthesis is expected to grow the demand over the forecast period.
o Moreover, the pharmaceutical industry extensively employs industrial biotechnology to develop active pharmaceutical ingredients (API), antibodies, and other complex biomolecules.
o The growing usage of industrial biotechnology in flavor and fragrance industries will be one of the modern trends that will increase the market size during the next few years.
o The rising awareness among consumers about the chemical flavored and fragrance has led to the growing demand for natural flavor.
o Most of the industrial biotech manufacturers are small in size and privately held. Kaneka signed an agreement for collaboration with Terumo BCT Inc. in May 2014, to apply for US clinical trials for its new LDL Absorption System.
o In March 2015, BASF along with eight other companies started a project called PRODIAS (Processing Diluted Aqueous Systems) which concentrates on optimizing numerous production processes for renewable products

Reasons to buy this market intelligence report:
o Detailed market evaluation both at regional and global levels.
o Significant changes in market scenario, along with an extensive competitive analysis
o Classification of the industry based on product type, application, and region
o Market segments segregated on the basis of type, application, and geography
o Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
o Investigation of significant developments in the market dynamics
o Market segments and regions

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