White Biotechnology Market Reach US$ 479.9 Billion by 2027 | CAGR of 11.5%

According to the latest report by IMARC Group "White Biotechnology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global white biotechnology market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global white biotechnology market reached a value of US$ 257.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 479.9 Billion by 2027, exhibiting a CAGR of 11.5% during 2022-2027. White biotechnology refers to the implementation of ergonomics and bioengineering in industrial processes. It uses agricultural wastes and biocatalysts, such as enzymes and microorganisms, for developing degradable and bio-based products. White biotechnology is primarily adopted to produce essential bioactive compounds, pigments, metabolites, citric acid, glycerin, and acetone. Biocatalysts are also utilized in the chemical, water treatment, and agro-food industries to manufacture antibiotics, paper pulp, and advanced polymers.

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COVID-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The extensive applications of white biotechnology across various sectors can be largely attributed to its associated advantages, such as eco-friendly nature, efficient production methods, reduced manufacturing costs, and low waste generation. The rising environmental consciousness has further escalated the demand for green chemicals and biofuels for personal and industrial consumption, which is supporting the global white biotechnology market growth. Additionally, governments of various nations are introducing stringent policies to reduce factory-related carbon emissions, which is catalyzing market growth. Various innovations, such as the development of bioinspired calcium phosphate cement to glue tissues to polymeric biomaterials, are fueling the market growth further.

Breakup by Product:

Biofuels
Biochemicals
Biopolymers

Breakup by Application:

Bioenergy
Food and Feed Additives
Pharmaceutical Ingredients
Personal Care and Household Products
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Archer Daniels Midland Company
BASF SE
Cargill Inc.
DuPont de Nemours Inc.
Fujifilm Holdings Corporation
General Electric Company
Henkel AG & Co. KGaA
Kaneka Corporation
Koninklijke DSM N.V.
Lonza Group AG
Mitsubishi Corporation
Novozymes A/S.

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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