White Biotechnology Market Continues to Expand with Robust Research and Development Activities

White Biotechnology refers to the adoption of biotechnology in developing methods to replace petroleum-based synthetics. Major application of white biotechnology constitutes in the production of biochemical, biofuels, and biomaterials. Butanediol, lactic acid, succinic acid, levulenic acid, and acrylic acid are some of the examples of biochemical. Increasing demand for energy is expected to propel growth of the global white biotechnology market over the forecast period. Moreover, increasing investment in biofuels along with biosynthesis of nanomaterial’s by microorganisms is also expected to aid in growth of the market.

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Adoption of biomaterials in the healthcare sector is expected to propel growth of the global white biotechnology market over the forecast period. For instance, in October 2019, researchers from Institute of Pharmacology and Toxicology, Technische Universität Dresden, Germany, reported that naturally prefabricated marine biomaterials can aid in development of new sponge chitin-based absorbable hemostats as alternatives to cellulose-based fabrics.

Increasing demand for organic food is expected to offer lucrative growth opportunities for players in the global white biotechnology market. For instance, according to 2019 Organic Industry Survey by the Organic Trade Association, Organic food sales in the U.S. increased 5.9% in 2018 to reach US$ 47.9 billion and organic food sales made up 5.7% of overall food sales, which rose 2.3% in 2018

Major Market Competitors: Archer Daniels Midland Company, BASF SE, Cargill, Inc., Corbion N.V., Koninklijke DSM N.V, DuPont, Lesaffre, Novozymes, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., iCAD, Inc., InVivo Corporation, McKesson Corporation, Merge Healthcare Incorporated (IBM), Philips Healthcare, Samsung Medison Co. Ltd., Siemens Healthcare, and Toshiba Medical Systems Corporation.

March 2020: Koninklijke DSM N.V partnered with UPM Biofuels, a producer of sustainable raw materials, to reduce the environmental footprint of Dyneema, a fiber, by converting Dyneema into bio-based feedstock

June 2019: Corbion Biotech, Inc. partnered with The Lubrizol Corporation for the launch of AlgaPur high stability high oleic algae oil in the personal care and cosmetics markets

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