Global White Biotechnology Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global White Biotechnology Market: Overview
“The global White Biotechnology market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Technology that is related to life is called biotechnology. This technology consists of knowledge and human skills. Biotechnology is established on the application of scientific principles and engineering.
White biotechnology is also called industrial biotechnology. This technology uses enzymes and microorganisms for developing bio-based products which are used in various industries including bioenergy, beauty and personal care, chemicals, food and feed, household care, and pharmaceutical.
End-users in developing and undeveloped regions are not much conscious of the everyday benefits of white biotechnology-based products and the damaging effects of greenhouse gas releases related to non-bio-based products.
Global White Biotechnology Market: Dynamics
Rapid technological developments in all the industries are a major factor expected to drive the target market.
In addition, the government is providing its full funding to the growth of the white biotechnology market with fund education on research and development structures as well as unification programs in order to produce better results are some other factors supporting the market growth are among other factors expected to drive the global white biotechnology market.
However, variations in the manufacturing of yield and bio-crops all over coupled with a decline in fertility of the farming lands are among the major factors hampering the target market.
Furthermore, increasing demand for green compounds and chemicals by consumers is another factor expected to drive the growth of the global white biotechnology market.
Global White Biotechnology Market: Segment Analysis
On the basis of product, the biochemical segment is expected to dominate the global market in terms of revenue share. Due to the increasing number of chemical industries. This is the factor expected to drive the growth of the fraud analytics segment.
On the basis of application, the food and feed segment dominates the global market in terms of revenue. On the basis of feedstock, the food waste segment dominates the global market in terms of market share.
Global White Biotechnology Market: Regional Analysis
Currently, the North American market accounts for the largest share and is projected to drive growth over the forecast period.
Increasing government initiatives for R&D in the field coupled with rising demand for green products and chemicals from consumers especially in the US is a factor expected to drive the growth of the global white biotechnology market in the region.
Asia Pacific market is expected to witness the fastest growth in terms of revenue in the near future due to the rising use of biomass as an effective alternative to petroleum coupled with increasing dependence on petrol imports are factors driving the growth of the target market in Asia Pacific region.
In addition, Europe is accounted for the major market share in terms of revenue. Furthermore, markets in the Middle East and Africa are estimated to witness average growth over the forecast period, followed by Latin America as the target market.
Global White Biotechnology Market Segmentation:
Segmentation by product:
Segmentation by application:
- Food & Feed
- Pulp & Paper
Segmentation by feedstock:
- Grains & Starch Crops
- Agricultural Residues
- Food Waste
- Forestry Material
- Animal By-product
- Energy Crops
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Dow AgroSciences LLC
- Syngenta AG
- KWS SAAT AG
- The Monsanto Company
- Bayer AG
- Certis U.S.A. LLC
- I. du Pont de Nemours and Company
- Evogene Ltd.
- BASF SE
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